Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ICL GroupICL +0.87%75 Net-Net Working Capital is $-3.28 as of Jun. 2026. GuruFocus rates ICL with a GF Score™ of 75/100 and a GF Value™ of $6.26 (Fairly Valued). The stock has 4 warning signs investors should review. Among 84 Agriculture companies, ICL Group ranks worse than 1190475% 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.
ICL Group's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-3.28.
The industry rank for ICL Group's Net-Net Working Capital or its related term are showing as below:
ICL's Price-to-Net-Net-Working-Capital is not ranked *
in the Agriculture industry.
Industry Median: 10.05 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
ICL Group (NYSE:ICL) 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.
ICL Group Net-Net Working Capital Related Terms
ICL Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ICL 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.
ICL vs CTVA, CF, MOS: Net-Net Working Capital Comparison
For the Agricultural Inputs subindustry, ICL 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.
ICL Group Price-to-Net-Net-Working-Capital vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, ICL Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ICL 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 $-3.28 mean?
ICL Group (ICL) has a Net-Net Working Capital of $-3.28 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 ICL Group According to the industry distribution chart, ICL Group ranks #999999 out of 84 companies in the Agriculture industry.
Is ICL Group's Net-Net Working Capital too high?
ICL Group's current Net-Net Working Capital is $-3.28. Based on the distribution chart, ICL Group ranks #999999 out of 84 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, ICL Group has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ICL Group's Net-Net Working Capital compare to CTVA and CF?
According to the Agriculture industry distribution chart, ICL Group ranks #999999 out of 84 companies for Net-Net Working Capital. This places ICL Group in the lower half of its industry. The industry median Net-Net Working Capital is 10.05. 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 Agriculture company?
The median Net-Net Working Capital among Agriculture companies is 10.05, based on 84 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 ICL Group For the Agriculture industry, the median Net-Net Working Capital is 10.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICL Group's current Net-Net Working Capital is $-3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICL Group stock overvalued right now?
Based on GuruFocus' analysis, ICL Group (ICL) is currently considered Fairly Valued. The stock's GF Value™ is $6.26, compared to a current price of $5.77 — trading 7.8% below its estimated fair value. The current Net-Net Working Capital is $-3.28. ICL Group's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For ICL Group (ICL), the current Net-Net Working Capital is $-3.28 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 ICL Group (ICL) Overvalued in 2026?
Based on GuruFocus' analysis, ICL Group stock appears to be undervalued.
The current stock price of $5.77 is trading 7.8% below its estimated GF Value™ of $6.26.
GuruFocus considers ICL Group to be Fairly Valued.
Key valuation signals for ICL:
Net-Net Working Capital: $-3.28
GF Value™: $6.26 vs. price of $5.77 (7.8% below fair value)
No single metric tells the full story. See the ICL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. Maximum revenue is generated from its phosphate solutions segment which uses phosphate commodity products, such as phosphate rock and fertilizer-grade phosphoric acid (green phosphoric acid), to produce specialty products. This segment also produces and markets phosphate-based fertilizers. Geographically, the company generates revenue from Brazil, the United States of America, China, United Kingdom, Germany, Spain, Israel, France, India, Netherlands, and other countries.
75GF Score
Get the complete analysis for ICL
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ICL has been successfully added to your 
