In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Sinar Mas Agro Resources & Technology Tbk was 41.50. The lowest was 23.12. And the median was 32.31.
FRA:078's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.1 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Sinar Mas Agro Resources & Technology Tbk (FRA:078) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
PT Sinar Mas Agro Resources & Technology Tbk Net Current Asset Value Related Terms
PT Sinar Mas Agro Resources & Technology Tbk Net Current Asset Value 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.
PT Sinar Mas Agro Resources & Technology Tbk Net Current Asset Value Chart
PT Sinar Mas Agro Resources & Technology Tbk Annual Data
FRA:078 vs ADM, BG, TSN: Net Current Asset Value Comparison
For the Farm Products subindustry, PT Sinar Mas Agro Resources & Technology Tbk's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
PT Sinar Mas Agro Resources & Technology Tbk Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sinar Mas Agro Resources & Technology Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Sinar Mas Agro Resources & Technology Tbk's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of €-0.01 mean?
PT Sinar Mas Agro Resources & Technology Tbk (FRA:078) has a Net Current Asset Value of €-0.01 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on PT Sinar Mas Agro Resources & Technology Tbk and its competitors. Over the past decade, PT Sinar Mas Agro Resources & Technology Tbk's Net Current Asset Value has ranged from 23.12 to 41.50. According to the industry distribution chart, PT Sinar Mas Agro Resources & Technology Tbk ranks #999999 out of 1051 companies in the Consumer Packaged Goods industry.
Is PT Sinar Mas Agro Resources & Technology Tbk's Net Current Asset Value too high?
PT Sinar Mas Agro Resources & Technology Tbk's current Net Current Asset Value is €-0.01. Over the past 10 years, this metric has ranged from a low of 23.12 to a high of 41.50. Based on the distribution chart, PT Sinar Mas Agro Resources & Technology Tbk ranks #999999 out of 1051 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, PT Sinar Mas Agro Resources & Technology Tbk has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does PT Sinar Mas Agro Resources & Technology Tbk's Net Current Asset Value compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Sinar Mas Agro Resources & Technology Tbk ranks #999999 out of 1051 companies for Net Current Asset Value. This places PT Sinar Mas Agro Resources & Technology Tbk in the lower half of its industry. The industry median Net Current Asset Value is 4.10. Historically, PT Sinar Mas Agro Resources & Technology Tbk's own Net Current Asset Value has ranged from 23.12 to 41.50 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.10, based on 1,051 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on PT Sinar Mas Agro Resources & Technology Tbk and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Sinar Mas Agro Resources & Technology Tbk's current Net Current Asset Value is €-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Sinar Mas Agro Resources & Technology Tbk stock overvalued right now?
PT Sinar Mas Agro Resources & Technology Tbk (FRA:078) has a current Net Current Asset Value of €-0.01. The stock's GF Value™ is €0.20, compared to a current price of €0.19 — trading 6.1% below its estimated fair value. The current Net Current Asset Value is €-0.01. PT Sinar Mas Agro Resources & Technology Tbk's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For PT Sinar Mas Agro Resources & Technology Tbk (FRA:078), the current Net Current Asset Value is €-0.01 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 PT Sinar Mas Agro Resources & Technology Tbk (FRA:078) Overvalued in 2026?
Based on GuruFocus' analysis, PT Sinar Mas Agro Resources & Technology Tbk stock appears to be undervalued.
The current stock price of €0.19 is trading 6.1% below its estimated GF Value™ of €0.20.
Key valuation signals for FRA:078:
Net Current Asset Value: €-0.01
GF Value™: €0.20 vs. price of €0.19 (6.1% below fair value)
No single metric tells the full story. See the FRA:078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Sinar Mas Agro Resources & Technology Tbk Business Description
PT Sinar Mas Agro Resources & Technology Tbk is involved in the business of cultivating and harvesting oil palm trees, extracting fresh fruit bunches into crude palm oil and palm kernel, processing it into value-added products such as cooking oil, margarine, shortening, oleochemicals, and biodiesel. The firm's products include cooking oil, fat, margarine, crude palm oil, palm kernel, cocoa butter substitute, etc. Its scope of activities comprises plantation development, agriculture, trading, refining of plantation products, management services, and research related to the business.
84GF Score
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