PT Gudang Garam TbkGGNPF +8.66%51 Net Current Asset Value is $0.88 as of Mar. 2026, which is 66% below its 10-year median of 2.57. GuruFocus rates GGNPF with a GF Score™ of 51/100 and a GF Value™ of $0.85 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 29 Tobacco Products companies, PT Gudang Garam Tbk ranks better than 86.21% on this metric.
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).
PT Gudang Garam Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was $0.88.
The historical rank and industry rank for PT Gudang Garam Tbk's Net Current Asset Value or its related term are showing as below:
GGNPF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.72 Med: 2.57 Max: 9.49
Current: 1.11
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Gudang Garam Tbk was 9.49. The lowest was 0.72. And the median was 2.57.
GGNPF's Price-to-Net-Current-Asset-Value is ranked better than 86.21% of 29
companies
in the Tobacco Products industry
Industry Median: 5.04
vs GGNPF: 1.11
PT Gudang Garam Tbk (OTCPK:GGNPF) 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 Gudang Garam Tbk Net Current Asset Value Related Terms
PT Gudang Garam Tbk Net Current Asset Value Historical Data
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The historical data trend for PT Gudang Garam Tbk's Net Current Asset Value 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.
GGNPF vs PM, MO, TPB: Net Current Asset Value Comparison
For the Tobacco subindustry, PT Gudang Garam 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 Gudang Garam Tbk Price-to-Net-Current-Asset-Value vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Gudang Garam 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 $0.88 mean?
PT Gudang Garam Tbk (GGNPF) has a Net Current Asset Value of $0.88 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 Gudang Garam Tbk and its competitors. This is 66% below median its historical median of 2.57. Over the past decade, PT Gudang Garam Tbk's Net Current Asset Value has ranged from 0.72 to 9.49. According to the industry distribution chart, PT Gudang Garam Tbk ranks #4 out of 29 companies in the Tobacco Products industry, placing it in the top 13.8%.
Is PT Gudang Garam Tbk's Net Current Asset Value too high?
PT Gudang Garam Tbk's current Net Current Asset Value of $0.88 is 66% below median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 9.49. The Tobacco Products industry median Net Current Asset Value is 5.04. PT Gudang Garam Tbk's value of $0.88 is 82.5% below this industry median. Based on the distribution chart, PT Gudang Garam Tbk ranks #4 out of 29 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, PT Gudang Garam Tbk has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's Net Current Asset Value compare to PM and MO?
According to the Tobacco Products industry distribution chart, PT Gudang Garam Tbk ranks #4 out of 29 companies for Net Current Asset Value. This places PT Gudang Garam Tbk in the top 14% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.04. PT Gudang Garam Tbk's value of $0.88 is 82.5% below this benchmark. Historically, PT Gudang Garam Tbk's own Net Current Asset Value has ranged from 0.72 to 9.49 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 5.04, PT Gudang Garam Tbk has consistently been below 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 Net Current Asset Value for a Tobacco Products company?
The median Net Current Asset Value among Tobacco Products companies is 5.04, based on 29 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. PT Gudang Garam Tbk's current Net Current Asset Value of $0.88 is 82.5% below 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 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 Gudang Garam Tbk and its competitors. For the Tobacco Products industry, the median Net Current Asset Value is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gudang Garam Tbk's current Net Current Asset Value is $0.88, which is 66% below median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (GGNPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.85, compared to a current price of $0.96 — trading 13.1% above its estimated fair value. The current Net Current Asset Value is $0.88, which is 66% below median its 10-year median of 2.57 and 82.5% below the Tobacco Products industry median of 5.04. PT Gudang Garam Tbk's overall GF Score™ is 51/100 with 8 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 Gudang Garam Tbk (GGNPF), the current Net Current Asset Value is $0.88 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 Gudang Garam Tbk (GGNPF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued.
The current stock price of $0.96 is trading 13.1% above its estimated GF Value™ of $0.85.
GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.
Key valuation signals for GGNPF:
Net Current Asset Value: $0.88 (66% below median its 10-year median of 2.57)
GF Value™: $0.85 vs. price of $0.96 (13.1% above fair value)
Industry Position: 82.5% below the Tobacco Products median (#4 of 29)
No single metric tells the full story. See the GGNPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
51GF Score
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