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Lucid GroupLCID +13.78%58 Net-Net Working Capital is $-19.09 as of Mar. 2026. GuruFocus rates LCID with a GF Score™ of 58/100 and a GF Value™ of $44.43 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 385 Vehicles & Parts companies, Lucid Group ranks worse than 259740% 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.
Lucid Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-19.09.
The industry rank for Lucid Group's Net-Net Working Capital or its related term are showing as below:
LCID's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.5 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Lucid Group (NAS:LCID) 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.
Lucid Group Net-Net Working Capital Related Terms
Lucid Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Lucid 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.
LCID vs CYD, PSNY, LOT: Net-Net Working Capital Comparison
For the Auto Manufacturers subindustry, Lucid 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.
Lucid Group Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Lucid Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Lucid 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 $-19.09 mean?
Lucid Group (LCID) has a Net-Net Working Capital of $-19.09 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 Lucid Group According to the industry distribution chart, Lucid Group ranks #999999 out of 385 companies in the Vehicles & Parts industry.
Is Lucid Group's Net-Net Working Capital too high?
Lucid Group's current Net-Net Working Capital is $-19.09. Based on the distribution chart, Lucid Group ranks #999999 out of 385 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Lucid Group has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lucid Group's Net-Net Working Capital compare to CYD and PSNY?
According to the Vehicles & Parts industry distribution chart, Lucid Group ranks #999999 out of 385 companies for Net-Net Working Capital. This places Lucid Group in the lower half of its industry. The industry median Net-Net Working Capital is 7.50. 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 a Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.50, based on 385 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 Lucid Group For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lucid Group's current Net-Net Working Capital is $-19.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucid Group stock overvalued right now?
Based on GuruFocus' analysis, Lucid Group (LCID) is currently considered Possible Value Trap. The stock's GF Value™ is $44.43, compared to a current price of $7.36 — trading 83.4% below its estimated fair value. The current Net-Net Working Capital is $-19.09. Lucid Group's overall GF Score™ is 58/100 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 Lucid Group (LCID), the current Net-Net Working Capital is $-19.09 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 Lucid Group (LCID) Overvalued in 2026?
Based on GuruFocus' analysis, Lucid Group stock appears to be undervalued.
The current stock price of $7.36 is trading 83.4% below its estimated GF Value™ of $44.43.
GuruFocus considers Lucid Group to be Possible Value Trap.
Key valuation signals for LCID:
Net-Net Working Capital: $-19.09
GF Value™: $44.43 vs. price of $7.36 (83.4% below fair value)
No single metric tells the full story. See the LCID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It offers its own geographically distributed retail and service locations through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house hardware and software innovation, vertical integration, and a clean-sheet approach to engineering and design, which led to the development of the Lucid Air. The Lucid Air is a luxury sedan that redefines both the luxury car segment and the EV space. Its geographic segments include North America, the Middle East, and Other International.
58GF Score
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