SCOR SEXSWX:SCR -0.76%49 Net-Net Working Capital is CHF-52.73 as of Dec. 2025. GuruFocus rates XSWX:SCR with a GF Score™ of 49/100 and a GF Value™ of CHF22.66 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 58 Insurance companies, SCOR SE ranks worse than 1724136.21% 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.
SCOR SE's Net-Net Working Capital for the quarter that ended in Dec. 2025 was CHF-52.73.
The industry rank for SCOR SE's Net-Net Working Capital or its related term are showing as below:
XSWX:SCR's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 7.625 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
SCOR SE (XSWX:SCR) 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.
SCOR SE Net-Net Working Capital Related Terms
SCOR SE Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for SCOR SE'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:SCR vs RGA, EG, RNR: Net-Net Working Capital Comparison
For the Insurance - Reinsurance subindustry, SCOR SE'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.
SCOR SE Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, SCOR SE's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SCOR SE'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-52.73 mean?
SCOR SE (XSWX:SCR) has a Net-Net Working Capital of CHF-52.73 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 SCOR SE According to the industry distribution chart, SCOR SE ranks #999999 out of 58 companies in the Insurance industry.
Is SCOR SE's Net-Net Working Capital too high?
SCOR SE's current Net-Net Working Capital is CHF-52.73. Based on the distribution chart, SCOR SE ranks #999999 out of 58 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, SCOR SE has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SCOR SE's Net-Net Working Capital compare to RGA and EG?
According to the Insurance industry distribution chart, SCOR SE ranks #999999 out of 58 companies for Net-Net Working Capital. This places SCOR SE in the lower half of its industry. The industry median Net-Net Working Capital is 7.63. 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 7.63, based on 58 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 SCOR SE For the Insurance industry, the median Net-Net Working Capital is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SCOR SE's current Net-Net Working Capital is CHF-52.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SCOR SE stock overvalued right now?
Based on GuruFocus' analysis, SCOR SE (XSWX:SCR) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF22.66, compared to a current price of CHF28.82 — trading 27.2% above its estimated fair value. The current Net-Net Working Capital is CHF-52.73. SCOR SE's overall GF Score™ is 49/100 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 SCOR SE (XSWX:SCR), the current Net-Net Working Capital is CHF-52.73 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 SCOR SE (XSWX:SCR) Overvalued in 2026?
Based on GuruFocus' analysis, SCOR SE stock appears to be overvalued.
The current stock price of CHF28.82 is trading 27.2% above its estimated GF Value™ of CHF22.66.
GuruFocus considers SCOR SE to be Modestly Overvalued.
Key valuation signals for XSWX:SCR:
Net-Net Working Capital: CHF-52.73
GF Value™: CHF22.66 vs. price of CHF28.82 (27.2% above fair value)
No single metric tells the full story. See the XSWX:SCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scor is the world's sixth-largest reinsurer, selling nonlife and life reinsurance. Scor Global Life insures life, health, and annuities. This means in its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in coinsurance and excess of loss. Historically, Scor has been better in specialist lines and not as good in lines where there is a large potential for loss.
49GF Score
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