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HiscoxHCXLF 71 Net-Net Working Capital is $-20.33 as of Jun. 2026. GuruFocus rates HCXLF with a GF Score™ of 71/100 and a GF Value™ of $18.15 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 61 Insurance companies, Hiscox ranks worse than 1639342.62% on this metric.
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.
Hiscox's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-20.33.
The industry rank for Hiscox's Net-Net Working Capital or its related term are showing as below:
HCXLF's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 10.06 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Hiscox (OTCPK:HCXLF) 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.
Hiscox Net-Net Working Capital Related Terms
Hiscox Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Hiscox'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.
HCXLF vs CB, PGR, TRV: Net-Net Working Capital Comparison
For the Insurance - Property & Casualty subindustry, Hiscox'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.
Hiscox Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, Hiscox's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hiscox'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 $-20.33 mean?
Hiscox (HCXLF) has a Net-Net Working Capital of $-20.33 as of Jun. 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 Hiscox According to the industry distribution chart, Hiscox ranks #999999 out of 61 companies in the Insurance industry.
Is Hiscox's Net-Net Working Capital too high?
Hiscox's current Net-Net Working Capital is $-20.33. Based on the distribution chart, Hiscox ranks #999999 out of 61 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Hiscox has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiscox's Net-Net Working Capital compare to CB and PGR?
According to the Insurance industry distribution chart, Hiscox ranks #999999 out of 61 companies for Net-Net Working Capital. This places Hiscox in the lower half of its industry. The industry median Net-Net Working Capital is 10.06. 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 10.06, 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 Hiscox For the Insurance industry, the median Net-Net Working Capital is 10.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiscox's current Net-Net Working Capital is $-20.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiscox stock overvalued right now?
Based on GuruFocus' analysis, Hiscox (HCXLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.15, compared to a current price of $23.79 — trading 31.1% above its estimated fair value. The current Net-Net Working Capital is $-20.33. Hiscox's overall GF Score™ is 71/100 with 7 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 Hiscox (HCXLF), the current Net-Net Working Capital is $-20.33 as of Jun. 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 Hiscox (HCXLF) Overvalued in 2026?
Based on GuruFocus' analysis, Hiscox stock appears to be overvalued.
The current stock price of $23.79 is trading 31.1% above its estimated GF Value™ of $18.15.
GuruFocus considers Hiscox to be Significantly Overvalued.
Key valuation signals for HCXLF:
Net-Net Working Capital: $-20.33
GF Value™: $18.15 vs. price of $23.79 (31.1% above fair value)
No single metric tells the full story. See the HCXLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiscox Ltd is a property and casualty insurance company. The company aims to balance catastrophe-exposed businesses with less volatile local specialty businesses. Its product offerings include property, casualty, crisis management (covering terrorism and kidnap and ransom), marine, energy, and specialty areas like space insurance. The company's operating segments consist of Hiscox Retail, Hiscox London Market, Hiscox Re, and Other. The majority of the revenue is generated from its Hiscox Retail segment, which represents retail business divisions in the UK, Europe, the USA, and Asia. Geographically, the company earns insurance revenue from places like the United States, which generates key revenue, as well as the United Kingdom, Europe, and other regions.
71GF Score
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