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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.
The industry rank for Compagnie Financiere Richemont's Net-Net Working Capital or its related term are showing as below:
XSWX:CFR's Price-to-Net-Net-Working-Capital is ranked worse than 83.23% of 328
companies
in the Retail - Cyclical industry
Industry Median: 5.97
vs XSWX:CFR: 29.86
Compagnie Financiere Richemont (XSWX:CFR) 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.
Compagnie Financiere Richemont Net-Net Working Capital Related Terms
Compagnie Financiere Richemont 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.
Compagnie Financiere Richemont Net-Net Working Capital Chart
XSWX:CFR vs TPR, SIG, CPRI: Net-Net Working Capital Comparison
For the Luxury Goods subindustry, Compagnie Financiere Richemont'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.
Compagnie Financiere Richemont Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Compagnie Financiere Richemont's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Compagnie Financiere Richemont'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 CHF6.55 mean?
Compagnie Financiere Richemont (XSWX:CFR) has a Net-Net Working Capital of CHF6.55 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 Compagnie Financiere Richemont According to the industry distribution chart, Compagnie Financiere Richemont ranks #273 out of 328 companies in the Retail - Cyclical industry, placing it in the top 83.2%.
Is Compagnie Financiere Richemont's Net-Net Working Capital too high?
Compagnie Financiere Richemont's current Net-Net Working Capital is CHF6.55. Based on the distribution chart, Compagnie Financiere Richemont ranks #273 out of 328 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Compagnie Financiere Richemont has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Compagnie Financiere Richemont's Net-Net Working Capital compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Compagnie Financiere Richemont ranks #273 out of 328 companies for Net-Net Working Capital. This places Compagnie Financiere Richemont in the lower half of its industry. The industry median Net-Net Working Capital is 5.97. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 5.97, based on 328 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 Compagnie Financiere Richemont For the Retail - Cyclical industry, the median Net-Net Working Capital is 5.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compagnie Financiere Richemont's current Net-Net Working Capital is CHF6.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Compagnie Financiere Richemont stock overvalued right now?
Based on GuruFocus' analysis, Compagnie Financiere Richemont (XSWX:CFR) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF145.48, compared to a current price of CHF195.60 — trading 34.5% above its estimated fair value. The current Net-Net Working Capital is CHF6.55. Compagnie Financiere Richemont's overall GF Score™ is 93/100 with 5 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 Compagnie Financiere Richemont (XSWX:CFR), the current Net-Net Working Capital is CHF6.55 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 Compagnie Financiere Richemont (XSWX:CFR) Overvalued in 2026?
Based on GuruFocus' analysis, Compagnie Financiere Richemont stock appears to be overvalued.
The current stock price of CHF195.60 is trading 34.5% above its estimated GF Value™ of CHF145.48.
GuruFocus considers Compagnie Financiere Richemont to be Significantly Overvalued.
Key valuation signals for XSWX:CFR:
Net-Net Working Capital: CHF6.55
GF Value™: CHF145.48 vs. price of CHF195.60 (34.5% above fair value)
No single metric tells the full story. See the XSWX:CFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Compagnie Financiere Richemont Business Description
Richemont is a luxury goods conglomerate with 20 brands. Jewelry and watch brands make up 87% of sales, but the group is also active in accessories, writing instruments, clothing, and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for over 70% of revenue and the vast majority of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, Chloe, and Montblanc.
93GF Score
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