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Cosmo NVXSWX:COPN -7.69%78 Net-Net Working Capital is CHF5.11 as of Jun. 2026. GuruFocus rates XSWX:COPN with a GF Score™ of 78/100 and a GF Value™ of CHF40.71 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 415 Drug Manufacturers companies, Cosmo NV ranks worse than 89.88% 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.
Cosmo NV's Net-Net Working Capital for the quarter that ended in Jun. 2026 was CHF5.11.
The industry rank for Cosmo NV's Net-Net Working Capital or its related term are showing as below:
XSWX:COPN's Price-to-Net-Net-Working-Capital is ranked worse than 89.88% of 415
companies
in the Drug Manufacturers industry
Industry Median: 7.62
vs XSWX:COPN: 12.44
Cosmo NV (XSWX:COPN) 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.
Cosmo NV Net-Net Working Capital Related Terms
Cosmo NV Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Cosmo NV'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.
XSWX:COPN vs LLY, JNJ, ABBV: Net-Net Working Capital Comparison
For the Drug Manufacturers - General subindustry, Cosmo NV'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.
Cosmo NV Price-to-Net-Net-Working-Capital vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Cosmo NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Cosmo NV'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 CHF5.11 mean?
Cosmo NV (XSWX:COPN) has a Net-Net Working Capital of CHF5.11 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 Cosmo NV According to the industry distribution chart, Cosmo NV ranks #373 out of 415 companies in the Drug Manufacturers industry, placing it in the top 89.9%.
Is Cosmo NV's Net-Net Working Capital too high?
Cosmo NV's current Net-Net Working Capital is CHF5.11. Based on the distribution chart, Cosmo NV ranks #373 out of 415 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Cosmo NV has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cosmo NV's Net-Net Working Capital compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Cosmo NV ranks #373 out of 415 companies for Net-Net Working Capital. This places Cosmo NV in the lower half of its industry. The industry median Net-Net Working Capital is 7.62. 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 Drug Manufacturers company?
The median Net-Net Working Capital among Drug Manufacturers companies is 7.62, based on 415 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 Cosmo NV For the Drug Manufacturers industry, the median Net-Net Working Capital is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cosmo NV's current Net-Net Working Capital is CHF5.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cosmo NV stock overvalued right now?
Based on GuruFocus' analysis, Cosmo NV (XSWX:COPN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF40.71, compared to a current price of CHF63.60 — trading 56.2% above its estimated fair value. The current Net-Net Working Capital is CHF5.11. Cosmo NV's overall GF Score™ is 78/100 with 3 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 Cosmo NV (XSWX:COPN), the current Net-Net Working Capital is CHF5.11 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 Cosmo NV (XSWX:COPN) Overvalued in 2026?
Based on GuruFocus' analysis, Cosmo NV stock appears to be overvalued.
The current stock price of CHF63.60 is trading 56.2% above its estimated GF Value™ of CHF40.71.
GuruFocus considers Cosmo NV to be Significantly Overvalued.
Key valuation signals for XSWX:COPN:
Net-Net Working Capital: CHF5.11
GF Value™: CHF40.71 vs. price of CHF63.60 (56.2% above fair value)
No single metric tells the full story. See the XSWX:COPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cosmo NV is is a life sciences company. The company is focused on MedTech AI, dermatology, gastrointestinal diseases, and contract development and manufacturing (CDMO). The company designs, develops, and manufactures solutions to address critical medical needs. Its technologies are trusted by international pharmaceutical and MedTech companies and reach patients and healthcare providers around the world. The product pipeline includes Eleview, GI Genius, Winlevi, Lialda, Uceris, and others.
78GF Score
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