PT Alkindo Naratama TbkISX:ALDO -3.52%63 Net Current Asset Value is Rp4.65 as of Mar. 2026, which is 100% below its 10-year median of 19.64. GuruFocus rates ISX:ALDO with a GF Score™ of 63/100 and a GF Value™ of Rp592.48 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 127 Forest Products companies, PT Alkindo Naratama Tbk ranks worse than 100% 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 Alkindo Naratama Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was Rp4.65.
The historical rank and industry rank for PT Alkindo Naratama Tbk's Net Current Asset Value or its related term are showing as below:
ISX:ALDO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.6 Med: 19.64 Max: 387.78
Current: 147.31
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Alkindo Naratama Tbk was 387.78. The lowest was 6.60. And the median was 19.64.
ISX:ALDO's Price-to-Net-Current-Asset-Value is ranked worse than 100% of 127
companies
in the Forest Products industry
Industry Median: 3.24
vs ISX:ALDO: 147.31
PT Alkindo Naratama Tbk (ISX:ALDO) 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 Alkindo Naratama Tbk Net Current Asset Value Related Terms
PT Alkindo Naratama Tbk Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for PT Alkindo Naratama 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.
PT Alkindo Naratama Tbk Net Current Asset Value Chart
ISX:ALDO vs SLVM: Net Current Asset Value Comparison
For the Paper & Paper Products subindustry, PT Alkindo Naratama 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 Alkindo Naratama Tbk Price-to-Net-Current-Asset-Value vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Alkindo Naratama 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 Rp4.65 mean?
PT Alkindo Naratama Tbk (ISX:ALDO) has a Net Current Asset Value of Rp4.65 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 Alkindo Naratama Tbk and its competitors. This is 76% below median its historical median of 19.64. Over the past decade, PT Alkindo Naratama Tbk's Net Current Asset Value has ranged from 6.60 to 387.78. According to the industry distribution chart, PT Alkindo Naratama Tbk ranks #127 out of 127 companies in the Forest Products industry.
Is PT Alkindo Naratama Tbk's Net Current Asset Value too high?
PT Alkindo Naratama Tbk's current Net Current Asset Value of Rp4.65 is 76% below median its 10-year median of 19.64. Over the past 10 years, this metric has ranged from a low of 6.60 to a high of 387.78. Based on the distribution chart, PT Alkindo Naratama Tbk ranks #127 out of 127 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Alkindo Naratama Tbk has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Alkindo Naratama Tbk's Net Current Asset Value compare to SLVM?
According to the Forest Products industry distribution chart, PT Alkindo Naratama Tbk ranks #127 out of 127 companies for Net Current Asset Value. This places PT Alkindo Naratama Tbk in the lower half of its industry. The industry median Net Current Asset Value is 3.24. Historically, PT Alkindo Naratama Tbk's own Net Current Asset Value has ranged from 6.60 to 387.78 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 Forest Products company?
The median Net Current Asset Value among Forest Products companies is 3.24, based on 127 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 Alkindo Naratama Tbk and its competitors. For the Forest Products industry, the median Net Current Asset Value is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alkindo Naratama Tbk's current Net Current Asset Value is Rp4.65, which is 76% below median its own 10-year median of 19.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alkindo Naratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk (ISX:ALDO) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp592.48, compared to a current price of Rp685.00 — trading 15.6% above its estimated fair value. The current Net Current Asset Value is Rp4.65, which is 76% below median its 10-year median of 19.64. PT Alkindo Naratama Tbk's overall GF Score™ is 63/100 with 7 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 Alkindo Naratama Tbk (ISX:ALDO), the current Net Current Asset Value is Rp4.65 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 Alkindo Naratama Tbk (ISX:ALDO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk stock appears to be overvalued.
The current stock price of Rp685.00 is trading 15.6% above its estimated GF Value™ of Rp592.48.
GuruFocus considers PT Alkindo Naratama Tbk to be Modestly Overvalued.
Key valuation signals for ISX:ALDO:
Net Current Asset Value: Rp4.65 (76% below median its 10-year median of 19.64)
GF Value™: Rp592.48 vs. price of Rp685.00 (15.6% above fair value)
No single metric tells the full story. See the ISX:ALDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Alkindo Naratama Tbk is an Indonesian business group engaged in providing solutions in the field of integrated paper production and chemicals. It converts waste paper into various paper packaging products such as papercore, paperbox, paperbag, papercup, paperbowl, hexa wrap, etc. Additionally, it offers industrial paper solutions by recycling used cardboard into jumbo rolls of brown paper into products such as Kraft Liner, Eco Board, and Core Board. In the Chemicals business, the Group offers water-based polymers, textile dyes, and other chemicals under brands and trademarks like Alfachem, Alfabond, Alfacoat, and Archroma. The Group's operating business segments are: Paper, which generates the maximum revenue, and Chemicals and others.
63GF Score
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