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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.
China Reinsurance (Group)'s Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-0.63.
The industry rank for China Reinsurance (Group)'s Net-Net Working Capital or its related term are showing as below:
STU:C53's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 8.48 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
China Reinsurance (Group) (STU:C53) 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.
China Reinsurance (Group) Net-Net Working Capital Related Terms
China Reinsurance (Group) Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for China Reinsurance (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.
China Reinsurance (Group) Net-Net Working Capital Chart
STU:C53 vs RGA, EG, RNR: Net-Net Working Capital Comparison
For the Insurance - Reinsurance subindustry, China Reinsurance (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.
China Reinsurance (Group) Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, China Reinsurance (Group)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where China Reinsurance (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 €-0.63 mean?
China Reinsurance (Group) (STU:C53) has a Net-Net Working Capital of €-0.63 as of Dec. 2025. 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 China Reinsurance (Group) According to the industry distribution chart, China Reinsurance (Group) ranks #999999 out of 64 companies in the Insurance industry.
Is China Reinsurance (Group)'s Net-Net Working Capital too high?
China Reinsurance (Group)'s current Net-Net Working Capital is €-0.63. Based on the distribution chart, China Reinsurance (Group) ranks #999999 out of 64 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, China Reinsurance (Group) has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Reinsurance (Group)'s Net-Net Working Capital compare to RGA and EG?
According to the Insurance industry distribution chart, China Reinsurance (Group) ranks #999999 out of 64 companies for Net-Net Working Capital. This places China Reinsurance (Group) in the lower half of its industry. The industry median Net-Net Working Capital is 8.48. 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 8.48, based on 64 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 China Reinsurance (Group) For the Insurance industry, the median Net-Net Working Capital is 8.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Reinsurance (Group)'s current Net-Net Working Capital is €-0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Reinsurance (Group) stock overvalued right now?
Based on GuruFocus' analysis, China Reinsurance (Group) (STU:C53) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.14 — trading 51.1% above its estimated fair value. The current Net-Net Working Capital is €-0.63. China Reinsurance (Group)'s overall GF Score™ is 48/100 with 2 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 China Reinsurance (Group) (STU:C53), the current Net-Net Working Capital is €-0.63 as of Dec. 2025. 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 China Reinsurance (Group) (STU:C53) Overvalued in 2026?
Based on GuruFocus' analysis, China Reinsurance (Group) stock appears to be overvalued.
The current stock price of €0.14 is trading 51.1% above its estimated GF Value™ of €0.09.
GuruFocus considers China Reinsurance (Group) to be Significantly Overvalued.
Key valuation signals for STU:C53:
Net-Net Working Capital: €-0.63
GF Value™: €0.09 vs. price of €0.14 (51.1% above fair value)
No single metric tells the full story. See the STU:C53 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Reinsurance (Group) Corp is mainly engaged in property and casualty reinsurance, life and health reinsurance, primary property and casualty insurance, asset management and other businesses. Its operating and reportable segments are Property and casualty reinsurance segment offers a wide variety of reinsurance products; Life and health reinsurance segment offers a wide range of reinsurance products; Primary property and casualty insurance segment offers a wide variety of insurance products and other businesses including motor, property and liability insurance; Asset management segment offers asset management services; and Other segments of which majority of revenue comes from Primary property and casualty insurance.
48GF Score
Get the complete analysis for STU:C53
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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