Hexagon ABFRA:HXG +0.34%84 Quick Ratio is 3.26 as of Mar. 2026, which is 288% above its 10-year median of 0.84. GuruFocus rates FRA:HXG with a GF Score™ of 84/100 and a GF Value™ of €6.91 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,496 Hardware companies, Hexagon AB ranks better than 82.01% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Hexagon AB's quick ratio for the quarter that ended in Mar. 2026 was 3.26.
Hexagon AB has a quick ratio of 3.26. It generally indicates good short-term financial strength.
The historical rank and industry rank for Hexagon AB's Quick Ratio or its related term are showing as below:
FRA:HXG'
s Quick Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.84 Max: 3.26
Current: 3.26
During the past 13 years, Hexagon AB's highest Quick Ratio was 3.26. The lowest was 0.57. And the median was 0.84.
FRA:HXG's Quick Ratio is ranked better than 82.01% of 2496
companies
in the Hardware industry
Industry Median: 1.46
vs FRA:HXG: 3.26
Hexagon AB (FRA:HXG) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Hexagon AB Quick Ratio Related Terms
Hexagon AB Quick Ratio Historical Data
* Premium members only.
The historical data trend for Hexagon AB's Quick Ratio 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.
FRA:HXG vs COHR, KEYS, GRMN: Quick Ratio Comparison
For the Scientific & Technical Instruments subindustry, Hexagon AB's Quick Ratio, along with its competitors' market caps and Quick Ratio 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.
Hexagon AB Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Hexagon AB's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Hexagon AB's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Hexagon AB's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Hexagon AB (FRA:HXG) has a Quick Ratio of 3.26 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hexagon AB and its competitors. This is 288% above median its historical median of 0.84. Over the past decade, Hexagon AB's Quick Ratio has ranged from 0.57 to 3.26. According to the industry distribution chart, Hexagon AB ranks #449 out of 2496 companies in the Hardware industry, placing it in the top 18%.
Is Hexagon AB's Quick Ratio too high?
Hexagon AB's current Quick Ratio of 3.26 is 288% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 3.26. The Hardware industry median Quick Ratio is 1.46. Hexagon AB's value of 3.26 is 123.3% above this industry median. Based on the distribution chart, Hexagon AB ranks #449 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hexagon AB has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hexagon AB's Quick Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Hexagon AB ranks #449 out of 2496 companies for Quick Ratio. This places Hexagon AB in the top 18% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.46. Hexagon AB's value of 3.26 is 123.3% above this benchmark. Historically, Hexagon AB's own Quick Ratio has ranged from 0.57 to 3.26 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.46, Hexagon AB has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Hardware company?
The median Quick Ratio among Hardware companies is 1.46, based on 2,496 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hexagon AB's current Quick Ratio of 3.26 is 123.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Hexagon AB and its competitors. For the Hardware industry, the median Quick Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hexagon AB's current Quick Ratio is 3.26, which is 288% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hexagon AB stock overvalued right now?
Based on GuruFocus' analysis, Hexagon AB (FRA:HXG) is currently considered Fairly Valued. The stock's GF Value™ is €6.91, compared to a current price of €7.15 — trading 3.4% above its estimated fair value. The current Quick Ratio is 3.26, which is 288% above median its 10-year median of 0.84 and 123.3% above the Hardware industry median of 1.46. Hexagon AB's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Hexagon AB (FRA:HXG), the current Quick Ratio is 3.26 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 Hexagon AB (FRA:HXG) Overvalued in 2026?
Based on GuruFocus' analysis, Hexagon AB stock appears to be overvalued.
The current stock price of €7.15 is trading 3.4% above its estimated GF Value™ of €6.91.
GuruFocus considers Hexagon AB to be Fairly Valued.
Key valuation signals for FRA:HXG:
Quick Ratio: 3.26 (288% above median its 10-year median of 0.84)
GF Value™: €6.91 vs. price of €7.15 (3.4% above fair value)
Industry Position: 123.3% above the Hardware median (#449 of 2496)
No single metric tells the full story. See the FRA:HXG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hexagon is the global leader in digital reality solutions, combining hardware such as sensors and measuring devices, software, and services. Customers are mainly in heavy industry, such as oil and gas, mining, construction, manufacturing, chemicals, and agriculture. Major products include measuring technology, mapping tools, and software. Around 40% of revenue is generated in the Americas, 35% in Europe, the Middle East, and Africa, and the rest in Asia.
84GF Score
Get the complete analysis for FRA:HXG
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:HXG has been successfully added to your 
