Hermes InternationalXSWX:RMS 98 Net Current Asset Value is CHF92.85 as of Dec. 2025, which is 100% below its 10-year median of 25.03. GuruFocus rates XSWX:RMS with a GF Score™ of 98/100 and a GF Value™ of CHF2,497.81. The stock has 1 warning sign investors should review. Among 557 Retail - Cyclical companies, Hermes International ranks worse than 87.97% 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).
Hermes International's net current asset value per share for the quarter that ended in Dec. 2025 was CHF92.85.
The historical rank and industry rank for Hermes International's Net Current Asset Value or its related term are showing as below:
XSWX:RMS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 16.34 Med: 25.03 Max: 36.54
Current: 16.34
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hermes International was 36.54. The lowest was 16.34. And the median was 25.03.
XSWX:RMS's Price-to-Net-Current-Asset-Value is ranked worse than 87.97% of 557
companies
in the Retail - Cyclical industry
Industry Median: 3.01
vs XSWX:RMS: 16.34
Hermes International (XSWX:RMS) 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.
Hermes International Net Current Asset Value Related Terms
Hermes International Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hermes International'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.
Hermes International Net Current Asset Value Chart
XSWX:RMS vs TPR, SIG: Net Current Asset Value Comparison
For the Luxury Goods subindustry, Hermes International'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.
Hermes International Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Hermes International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hermes International'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 CHF92.85 mean?
Hermes International (XSWX:RMS) has a Net Current Asset Value of CHF92.85 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Hermes International and its competitors. This is 271% above median its historical median of 25.03. Over the past decade, Hermes International's Net Current Asset Value has ranged from 16.34 to 36.54. According to the industry distribution chart, Hermes International ranks #490 out of 557 companies in the Retail - Cyclical industry, placing it in the top 88%.
Is Hermes International's Net Current Asset Value too high?
Hermes International's current Net Current Asset Value of CHF92.85 is 271% above median its 10-year median of 25.03. Over the past 10 years, this metric has ranged from a low of 16.34 to a high of 36.54. Based on the distribution chart, Hermes International ranks #490 out of 557 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Hermes International has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Hermes International's Net Current Asset Value compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Hermes International ranks #490 out of 557 companies for Net Current Asset Value. This places Hermes International in the lower half of its industry. The industry median Net Current Asset Value is 3.01. Historically, Hermes International's own Net Current Asset Value has ranged from 16.34 to 36.54 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 Current Asset Value for a Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.01, based on 557 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 Hermes International and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hermes International's current Net Current Asset Value is CHF92.85, which is 271% above median its own 10-year median of 25.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hermes International stock overvalued right now?
Hermes International (XSWX:RMS) has a current Net Current Asset Value of CHF92.85. The stock's GF Value™ is CHF2,497.81, compared to a current price of CHF1,621.50 — trading 35.1% below its estimated fair value. The current Net Current Asset Value is CHF92.85, which is 271% above median its 10-year median of 25.03. Hermes International's overall GF Score™ is 98/100 with 1 warning sign 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 Hermes International (XSWX:RMS), the current Net Current Asset Value is CHF92.85 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 Hermes International (XSWX:RMS) Overvalued in 2026?
Based on GuruFocus' analysis, Hermes International stock appears to be undervalued.
The current stock price of CHF1,621.50 is trading 35.1% below its estimated GF Value™ of CHF2,497.81.
Key valuation signals for XSWX:RMS:
Net Current Asset Value: CHF92.85 (271% above median its 10-year median of 25.03)
GF Value™: CHF2,497.81 vs. price of CHF1,621.50 (35.1% below fair value)
No single metric tells the full story. See the XSWX:RMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hermès is over 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for over 40% of revenue; clothes and accessories (28% of sales); silk and textiles (6%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermès has about 300 stores globally.
98GF Score
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