The Cigna GroupWBO:CIGN -2.10%42 Net Current Asset Value is €-222.46 as of Mar. 2026. GuruFocus rates WBO:CIGN with a GF Score™ of 42/100. The stock has 4 warning signs investors should review. Among 9 Healthcare Plans companies, The Cigna Group ranks worse than 11111100% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
The Cigna Group's net current asset value per share for the quarter that ended in Mar. 2026 was €-222.46.
The historical rank and industry rank for The Cigna Group's Net Current Asset Value or its related term are showing as below:
WBO:CIGN's Price-to-Net-Current-Asset-Value is not ranked *
in the Healthcare Plans industry.
Industry Median: 11.76 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
The Cigna Group (WBO:CIGN) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
The Cigna Group Net Current Asset Value Related Terms
The Cigna Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for The Cigna Group's Net Current Asset Value 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.
WBO:CIGN vs ELV, HUM, CNC: Net Current Asset Value Comparison
For the Healthcare Plans subindustry, The Cigna Group's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Cigna Group Price-to-Net-Current-Asset-Value vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, The Cigna Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where The Cigna Group's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of €-222.46 mean?
The Cigna Group (WBO:CIGN) has a Net Current Asset Value of €-222.46 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on The Cigna Group and its competitors. According to the industry distribution chart, The Cigna Group ranks #999999 out of 9 companies in the Healthcare Plans industry.
Is The Cigna Group's Net Current Asset Value too high?
The Cigna Group's current Net Current Asset Value is €-222.46. Based on the distribution chart, The Cigna Group ranks #999999 out of 9 companies in the Healthcare Plans industry, which is in the bottom quartile relative to peers. Overall, The Cigna Group has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does The Cigna Group's Net Current Asset Value compare to ELV and HUM?
According to the Healthcare Plans industry distribution chart, The Cigna Group ranks #999999 out of 9 companies for Net Current Asset Value. This places The Cigna Group in the lower half of its industry. The industry median Net Current Asset Value is 11.76. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Healthcare Plans company?
The median Net Current Asset Value among Healthcare Plans companies is 11.76, based on 9 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on The Cigna Group and its competitors. For the Healthcare Plans industry, the median Net Current Asset Value is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Cigna Group's current Net Current Asset Value is €-222.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cigna Group stock overvalued right now?
The Cigna Group (WBO:CIGN) has a current Net Current Asset Value of €-222.46. The current Net Current Asset Value is €-222.46. The Cigna Group's overall GF Score™ is 42/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For The Cigna Group (WBO:CIGN), the current Net Current Asset Value is €-222.46 as of Mar. 2026. 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.
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is with the Department of Defense, and it recently won a multiyear deal with top-tier insurer Centene. In health insurance and other benefits, Cigna primarily serves employers through self-funding arrangements, and the company operates mostly in the US with 16 million US and 2 million international medical members covered as of December 2025.
42GF Score
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