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The Swatch Group AGSWGAF 71 Net Cash per Share is $-14.14 as of Dec. 2025. GuruFocus rates SWGAF with a GF Score™ of 71/100 and a GF Value™ of $169.42 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 139 Retail - Cyclical companies, The Swatch Group AG ranks worse than 719423.74% on this metric.
The historical rank and industry rank for The Swatch Group AG's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of The Swatch Group AG was 788.28. The lowest was 21.40. And the median was 28.18.
SWGAF's Price-to-Net-Cash is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.05 * Ranked among companies with meaningful Price-to-Net-Cash only.
The Swatch Group AG (OTCPK:SWGAF) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
The Swatch Group AG Net Cash per Share Related Terms
The Swatch Group AG Net Cash per Share Historical Data
* Premium members only.
The historical data trend for The Swatch Group AG's Net Cash per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SWGAF vs TPR, SIG, CPRI: Net Cash per Share Comparison
For the Luxury Goods subindustry, The Swatch Group AG's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Swatch Group AG Price-to-Net-Cash vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Swatch Group AG's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where The Swatch Group AG's Price-to-Net-Cash falls into.
The Swatch Group AG Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
The Swatch Group AG's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Swatch Group AG (SWGAF) has a Net Cash per Share of $-14.14 as of Dec. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on The Swatch Group AG and its competitors. Over the past decade, The Swatch Group AG's Net Cash per Share has ranged from 21.40 to 788.28. According to the industry distribution chart, The Swatch Group AG ranks #999999 out of 139 companies in the Retail - Cyclical industry.
Is The Swatch Group AG's Net Cash per Share too high?
The Swatch Group AG's current Net Cash per Share is $-14.14. Over the past 10 years, this metric has ranged from a low of 21.40 to a high of 788.28. Based on the distribution chart, The Swatch Group AG ranks #999999 out of 139 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, The Swatch Group AG has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Swatch Group AG's Net Cash per Share compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, The Swatch Group AG ranks #999999 out of 139 companies for Net Cash per Share. This places The Swatch Group AG in the lower half of its industry. The industry median Net Cash per Share is 7.05. Historically, The Swatch Group AG's own Net Cash per Share has ranged from 21.40 to 788.28 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Retail - Cyclical company?
The median Net Cash per Share among Retail - Cyclical companies is 7.05, based on 139 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on The Swatch Group AG and its competitors. For the Retail - Cyclical industry, the median Net Cash per Share is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Swatch Group AG's current Net Cash per Share is $-14.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Swatch Group AG stock overvalued right now?
Based on GuruFocus' analysis, The Swatch Group AG (SWGAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $169.42, compared to a current price of $257.42 — trading 51.9% above its estimated fair value. The current Net Cash per Share is $-14.14. The Swatch Group AG's overall GF Score™ is 71/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For The Swatch Group AG (SWGAF), the current Net Cash per Share is $-14.14 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The Swatch Group AG (SWGAF) Overvalued in 2026?
Based on GuruFocus' analysis, The Swatch Group AG stock appears to be overvalued.
The current stock price of $257.42 is trading 51.9% above its estimated GF Value™ of $169.42.
GuruFocus considers The Swatch Group AG to be Significantly Overvalued.
Key valuation signals for SWGAF:
Net Cash per Share: $-14.14
GF Value™: $169.42 vs. price of $257.42 (51.9% above fair value)
No single metric tells the full story. See the SWGAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swatch Group's biggest brands are Omega (number two or three in its category), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. The company employs over 32,000 people, half of them in Switzerland. We estimate Omega and Longines to be the group's most profitable brands.
71GF Score
Get the complete analysis for SWGAF
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