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.
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.
Nord Insuretech Group AB's Net-Net Working Capital for the quarter that ended in Jun. 2026 was kr-0.05.
The industry rank for Nord Insuretech Group AB's Net-Net Working Capital or its related term are showing as below:
NGM:NORDIG's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.03 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Nord Insuretech Group AB (NGM:NORDIG) 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.
Nord Insuretech Group AB Net-Net Working Capital Related Terms
Nord Insuretech Group AB Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nord Insuretech Group AB'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.
Nord Insuretech Group AB Net-Net Working Capital Chart
NGM:NORDIG vs CRM, SHOP, UBER: Net-Net Working Capital Comparison
For the Software - Application subindustry, Nord Insuretech Group AB'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.
Nord Insuretech Group AB Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Nord Insuretech Group AB's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nord Insuretech Group AB'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 kr-0.05 mean?
Nord Insuretech Group AB (NGM:NORDIG) has a Net-Net Working Capital of kr-0.05 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 Nord Insuretech Group AB According to the industry distribution chart, Nord Insuretech Group AB ranks #999999 out of 1227 companies in the Software industry.
Is Nord Insuretech Group AB's Net-Net Working Capital too high?
Nord Insuretech Group AB's current Net-Net Working Capital is kr-0.05. Based on the distribution chart, Nord Insuretech Group AB ranks #999999 out of 1227 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Nord Insuretech Group AB has a GF Score™ of 14/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nord Insuretech Group AB's Net-Net Working Capital compare to CRM and SHOP?
According to the Software industry distribution chart, Nord Insuretech Group AB ranks #999999 out of 1227 companies for Net-Net Working Capital. This places Nord Insuretech Group AB in the lower half of its industry. The industry median Net-Net Working Capital is 7.03. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.03, based on 1,227 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 Nord Insuretech Group AB For the Software industry, the median Net-Net Working Capital is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nord Insuretech Group AB's current Net-Net Working Capital is kr-0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nord Insuretech Group AB stock overvalued right now?
Based on GuruFocus' analysis, Nord Insuretech Group AB (NGM:NORDIG) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.27, compared to a current price of kr0.56 — trading 107.4% above its estimated fair value. The current Net-Net Working Capital is kr-0.05. Nord Insuretech Group AB's overall GF Score™ is 14/100 with 9 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 Nord Insuretech Group AB (NGM:NORDIG), the current Net-Net Working Capital is kr-0.05 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 Nord Insuretech Group AB (NGM:NORDIG) Overvalued in 2026?
Based on GuruFocus' analysis, Nord Insuretech Group AB stock appears to be overvalued.
The current stock price of kr0.56 is trading 107.4% above its estimated GF Value™ of kr0.27.
GuruFocus considers Nord Insuretech Group AB to be Significantly Overvalued.
Key valuation signals for NGM:NORDIG:
Net-Net Working Capital: kr-0.05
GF Value™: kr0.27 vs. price of kr0.56 (107.4% above fair value)
No single metric tells the full story. See the NGM:NORDIG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nord Insuretech Group AB is a operator of digital platform. It delivers next-generation integrated insurance in the Nordic region. The company distributes its services through partners who can then sell various insurance products to end customers through the company's digital platform.
14GF Score
Get the complete analysis for NGM:NORDIG
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
NGM:NORDIG has been successfully added to your 
