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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Radian Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €11.60.
The industry rank for Radian Group's Net-Net Working Capital or its related term are showing as below:
FRA:RAG's Price-to-Net-Net-Working-Capital is ranked better than 77.05% of 61
companies
in the Insurance industry
Industry Median: 8.23
vs FRA:RAG: 2.88
Radian Group (FRA:RAG) Net-Net Working Capital Explanation
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.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Radian Group Net-Net Working Capital Related Terms
Radian Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Radian Group's Net-Net Working Capital 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.
FRA:RAG vs RYAN, ESNT, MTG: Net-Net Working Capital Comparison
For the Insurance - Specialty subindustry, Radian Group's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.
Radian Group Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, Radian Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Radian Group's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of €11.60 mean?
Radian Group (FRA:RAG) has a Net-Net Working Capital of €11.60 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Radian Group According to the industry distribution chart, Radian Group ranks #14 out of 61 companies in the Insurance industry, placing it in the top 23%.
Is Radian Group's Net-Net Working Capital too high?
Radian Group's current Net-Net Working Capital is €11.60. Based on the distribution chart, Radian Group ranks #14 out of 61 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Radian Group has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Radian Group's Net-Net Working Capital compare to RYAN and ESNT?
According to the Insurance industry distribution chart, Radian Group ranks #14 out of 61 companies for Net-Net Working Capital. This places Radian Group in the top 23% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Insurance company?
The median Net-Net Working Capital among Insurance companies is 8.23, based on 61 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Radian Group For the Insurance industry, the median Net-Net Working Capital is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Radian Group's current Net-Net Working Capital is €11.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Radian Group stock overvalued right now?
Radian Group (FRA:RAG) has a current Net-Net Working Capital of €11.60. The stock's GF Value™ is €31.60, compared to a current price of €31.60 — trading right at its estimated fair value. The current Net-Net Working Capital is €11.60. Radian Group's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Radian Group (FRA:RAG), the current Net-Net Working Capital is €11.60 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.
Is Radian Group (FRA:RAG) Overvalued in 2026?
Based on GuruFocus' analysis, Radian Group stock appears to be undervalued.
The current stock price of €31.60 is trading 0% below its estimated GF Value™ of €31.60.
Key valuation signals for FRA:RAG:
Net-Net Working Capital: €11.60
GF Value™: €31.60 vs. price of €31.60 (0% below fair value)
No single metric tells the full story. See the FRA:RAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Radian Group Inc is engaged in mortgage and real estate services. It provides both credit-related mortgage insurance coverage and other products and services across the residential real estate and mortgage finance industries. It has one reportable segment, Mortgage Insurance, which primarily derives its revenue by providing private mortgage insurance on residential first-lien mortgage loans to mortgage lending institutions and mortgage credit investors.
89GF Score
Get the complete analysis for FRA:RAG
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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