Per-Share Metrics
Company totals mean nothing to you until they are divided by the share count, because you don’t own the company - you own shares. Per-share metrics normalize revenue, earnings, and cash flow to the unit you actually buy, which makes them directly comparable to the stock price: $4 of free cash flow per share against a $40 stock is a 10% yield, no further math required. One warning up front: buybacks and dilution move every number on this page even when the underlying business hasn’t changed at all, so always check the share count trend before crediting a per-share growth streak to the business.
All figures in the ValueMap screener are trailing twelve months (TTM).
Cash Per Share
What it is: Cash per share is the company’s cash and short-term investments divided by shares outstanding - the liquid cushion sitting behind each share you own. It is the one number here you subtract from the price rather than divide into it.
Why value investors care: Compare it directly to the quote: a $20 stock with $8 of cash per share means the market prices the operating business at $12, and every earnings-based ratio should really be computed on that $12. In deep-value corners you occasionally find stocks trading below their cash per share - Graham’s net-net territory, where the market pays you to take the business. Watch its growth too: a pile that only grows through retained earnings, never returned, may signal management with no ideas. The trap is reading it gross - $8 of cash per share next to $15 of debt per share is not a cushion, so always net it against borrowings first.
Free Cash Flow Per Share
What it is: Free cash flow per share is the cash generated after operations and capital expenditures, divided by shares outstanding - the owner’s earnings on your actual holding. Divide the stock price by it and you have P/FCF; flip it over the price and you have your cash yield at today’s quote.
Why value investors care: This is the per-share figure closest to what you could theoretically be paid, which makes its five-to-ten-year growth rate the Buffett test in its purest form: per-share value growth is the only growth that ever reaches you. The ideal setup is FCF per share compounding through both operating growth and buybacks below intrinsic value - the second lever grows your slice without the business changing at all. The caveat is lumpiness: one light-capex year or a working-capital swing can flatter a single reading, so judge the trend, never the print.
Net Income Per Share
What it is: Net income per share is earnings per share: profit divided by shares outstanding, the denominator of the PE ratio and the most watched - and most manipulated - number in finance.
Why value investors care: Its growth over five to ten years is the standard measure of a business compounding for its owners, and it is per-share growth, not company growth, that matters: a firm that doubles profits while tripling its share count made you poorer. Decompose any EPS streak - growth from a shrinking share count bought below intrinsic value is real but finite; growth from actual profit expansion is the durable kind. Note this field uses basic shares outstanding: where diluted EPS runs persistently lower, stock compensation is transferring the difference to employees, and the diluted number is your honest one.
Operating Cash Flow Per Share
What it is: OCF stands for operating cash flow: cash generated by operations before capital expenditures, here divided by shares outstanding. Price divided by it gives P/OCF, and it is the steadier, harder-to-fake cousin of earnings per share.
Why value investors care: Its best use is as a lie detector on the EPS trend: earnings per share climbing for years while OCF per share stagnates is the accrual pattern that precedes disappointments, because cash is far harder to manufacture than accounting profit. Tracked over five to ten years alongside EPS, the two should grow together; when they diverge, believe the cash. The blind spot is capex - a capital-hungry business must spend much of this cash just to stand still, so pair it with FCF per share before calling the growth real.
Revenue Per Share
What it is: Revenue per share is the top line divided by shares outstanding - the base of the PS ratio (price over revenue per share) and the bluntest of the per-share figures.
Why value investors care: Its main job is honesty about dilution. Plenty of growth stories show revenue up 30% while revenue per share crawls, because the growth was purchased with your ownership through repeated share issuance - and if revenue per share isn’t growing, you aren’t participating in the growth. Over five to ten years it is the cleanest read on whether the business is genuinely getting bigger per unit of ownership, since revenue resists manipulation better than any line below it. Being sales rather than profit, it says nothing about whether the revenue is worth having - read it with margins or not at all.
Shareholders Equity Per Share
What it is: Shareholders equity per share is book value per share: the accounting net worth backing each share, and the denominator of the PB ratio (price over equity per share).
Why value investors care: For banks, insurers, and asset-heavy businesses, its growth rate plus dividends is a workable proxy for value creation - Buffett tracked Berkshire by exactly this yardstick for decades, and a financial compounding book value per share at 10%+ for a decade is doing its job. Two distortions cut in opposite directions: buybacks above book value shrink this number even when they add value per share, and goodwill from overpriced acquisitions inflates it while creating nothing. And for software and services businesses, whose real assets never touch the balance sheet, the number is close to meaningless - it measures accounting, not worth.
