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ANTAM (Persero) Tbk PTISX:ANTM -2.28%96 Net Current Asset Value is Rp364.44 as of Mar. 2026, which is 100% below its 10-year median of 14.33. GuruFocus rates ISX:ANTM with a GF Score™ of 96/100 and a GF Value™ of Rp3,729.66 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,347 Metals & Mining companies, ANTAM (Persero) Tbk PT ranks worse than 61.92% 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).
ANTAM (Persero) Tbk PT's net current asset value per share for the quarter that ended in Mar. 2026 was Rp364.44.
The historical rank and industry rank for ANTAM (Persero) Tbk PT's Net Current Asset Value or its related term are showing as below:
ISX:ANTM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.16 Med: 14.33 Max: 254.6
Current: 8.23
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of ANTAM (Persero) Tbk PT was 254.60. The lowest was 5.16. And the median was 14.33.
ISX:ANTM's Price-to-Net-Current-Asset-Value is ranked worse than 61.92% of 1347
companies
in the Metals & Mining industry
Industry Median: 6.33
vs ISX:ANTM: 8.23
ANTAM (Persero) Tbk PT (ISX:ANTM) 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.
ANTAM (Persero) Tbk PT Net Current Asset Value Related Terms
ANTAM (Persero) Tbk PT Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ANTAM (Persero) Tbk PT'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.
ANTAM (Persero) Tbk PT Net Current Asset Value Chart
ISX:ANTM vs NEM, AU, RGLD: Net Current Asset Value Comparison
For the Gold subindustry, ANTAM (Persero) Tbk PT'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.
ANTAM (Persero) Tbk PT Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, ANTAM (Persero) Tbk PT's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ANTAM (Persero) Tbk PT'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 Rp364.44 mean?
ANTAM (Persero) Tbk PT (ISX:ANTM) has a Net Current Asset Value of Rp364.44 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 ANTAM (Persero) Tbk PT and its competitors. This is 2443% above median its historical median of 14.33. Over the past decade, ANTAM (Persero) Tbk PT's Net Current Asset Value has ranged from 5.16 to 254.60. According to the industry distribution chart, ANTAM (Persero) Tbk PT ranks #834 out of 1347 companies in the Metals & Mining industry, placing it in the top 61.9%.
Is ANTAM (Persero) Tbk PT's Net Current Asset Value too high?
ANTAM (Persero) Tbk PT's current Net Current Asset Value of Rp364.44 is 2443% above median its 10-year median of 14.33. Over the past 10 years, this metric has ranged from a low of 5.16 to a high of 254.60. Based on the distribution chart, ANTAM (Persero) Tbk PT ranks #834 out of 1347 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, ANTAM (Persero) Tbk PT has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ANTAM (Persero) Tbk PT's Net Current Asset Value compare to NEM and AU?
According to the Metals & Mining industry distribution chart, ANTAM (Persero) Tbk PT ranks #834 out of 1347 companies for Net Current Asset Value. This places ANTAM (Persero) Tbk PT in the lower half of its industry. The industry median Net Current Asset Value is 6.33. Historically, ANTAM (Persero) Tbk PT's own Net Current Asset Value has ranged from 5.16 to 254.60 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.33, based on 1,347 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 ANTAM (Persero) Tbk PT and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANTAM (Persero) Tbk PT's current Net Current Asset Value is Rp364.44, which is 2443% above median its own 10-year median of 14.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANTAM (Persero) Tbk PT stock overvalued right now?
Based on GuruFocus' analysis, ANTAM (Persero) Tbk PT (ISX:ANTM) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp3,729.66, compared to a current price of Rp3,000.00 — trading 19.6% below its estimated fair value. The current Net Current Asset Value is Rp364.44, which is 2443% above median its 10-year median of 14.33. ANTAM (Persero) Tbk PT's overall GF Score™ is 96/100 with 6 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 ANTAM (Persero) Tbk PT (ISX:ANTM), the current Net Current Asset Value is Rp364.44 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 ANTAM (Persero) Tbk PT (ISX:ANTM) Overvalued in 2026?
Based on GuruFocus' analysis, ANTAM (Persero) Tbk PT stock appears to be undervalued.
The current stock price of Rp3,000.00 is trading 19.6% below its estimated GF Value™ of Rp3,729.66.
GuruFocus considers ANTAM (Persero) Tbk PT to be Modestly Undervalued.
Key valuation signals for ISX:ANTM:
Net Current Asset Value: Rp364.44 (2443% above median its 10-year median of 14.33)
GF Value™: Rp3,729.66 vs. price of Rp3,000.00 (19.6% below fair value)
No single metric tells the full story. See the ISX:ANTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANTAM (Persero) Tbk PT is a vertically integrated, export-oriented, diversified mining and metals company, from upstream to downstream. Its business activities include exploration, excavation, processing through to marketing of nickel ore, ferronickel, gold, silver, and bauxite commodities.
96GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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