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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.
Banque Cantonale de Geneve's Net-Net Working Capital for the quarter that ended in Dec. 2025 was CHF-331.29.
The industry rank for Banque Cantonale de Geneve's Net-Net Working Capital or its related term are showing as below:
XSWX:BCGE's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.83 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Banque Cantonale de Geneve (XSWX:BCGE) 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.
Banque Cantonale de Geneve Net-Net Working Capital Related Terms
Banque Cantonale de Geneve Net-Net Working Capital Historical Data
* 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.
Banque Cantonale de Geneve Net-Net Working Capital Chart
Banque Cantonale de Geneve Net-Net Working Capital Competitor Comparison
For the Banks - Regional subindustry, Banque Cantonale de Geneve'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.
Banque Cantonale de Geneve Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, Banque Cantonale de Geneve's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Banque Cantonale de Geneve'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 CHF-331.29 mean?
Banque Cantonale de Geneve (XSWX:BCGE) has a Net-Net Working Capital of CHF-331.29 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 Banque Cantonale de Geneve According to the industry distribution chart, Banque Cantonale de Geneve ranks #999999 out of 8 companies in the Banks industry.
Is Banque Cantonale de Geneve's Net-Net Working Capital too high?
Banque Cantonale de Geneve's current Net-Net Working Capital is CHF-331.29. Based on the distribution chart, Banque Cantonale de Geneve ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banque Cantonale de Geneve has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banque Cantonale de Geneve's Net-Net Working Capital compare to competitors?
According to the Banks industry distribution chart, Banque Cantonale de Geneve ranks #999999 out of 8 companies for Net-Net Working Capital. This places Banque Cantonale de Geneve in the lower half of its industry. The industry median Net-Net Working Capital is 1.83. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.83, based on 8 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 Banque Cantonale de Geneve For the Banks industry, the median Net-Net Working Capital is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banque Cantonale de Geneve's current Net-Net Working Capital is CHF-331.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banque Cantonale de Geneve stock overvalued right now?
Based on GuruFocus' analysis, Banque Cantonale de Geneve (XSWX:BCGE) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF24.84, compared to a current price of CHF33.20 — trading 33.7% above its estimated fair value. The current Net-Net Working Capital is CHF-331.29. Banque Cantonale de Geneve's overall GF Score™ is 54/100 with 6 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 Banque Cantonale de Geneve (XSWX:BCGE), the current Net-Net Working Capital is CHF-331.29 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 Banque Cantonale de Geneve (XSWX:BCGE) Overvalued in 2026?
Based on GuruFocus' analysis, Banque Cantonale de Geneve stock appears to be overvalued.
The current stock price of CHF33.20 is trading 33.7% above its estimated GF Value™ of CHF24.84.
GuruFocus considers Banque Cantonale de Geneve to be Significantly Overvalued.
Key valuation signals for XSWX:BCGE:
Net-Net Working Capital: CHF-331.29
GF Value™: CHF24.84 vs. price of CHF33.20 (33.7% above fair value)
No single metric tells the full story. See the XSWX:BCGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banque Cantonale de Genève (BCGE) is a Switzerland-based bank which provides the services of a regional full-service bank and has the particular role of contributing to the economic development of the canton and of the region. Its activities include providing mortgage lending and commercial and personal loans as well as loans for international trade. The group is also active in online banking as well as asset management and manages public offerings and placements in the financial markets.
54GF Score
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