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PT Ciputra Development TbkISX:CTRA +1.83%67 Net Current Asset Value is Rp208.26 as of Mar. 2026, which is 100% below its 10-year median of 13.88. GuruFocus rates ISX:CTRA with a GF Score™ of 67/100 and a GF Value™ of Rp1,402.44 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 756 Real Estate companies, PT Ciputra Development Tbk ranks worse than 57.67% 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 Ciputra Development Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was Rp208.26.
The historical rank and industry rank for PT Ciputra Development Tbk's Net Current Asset Value or its related term are showing as below:
ISX:CTRA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.59 Med: 13.88 Max: 72.2
Current: 2.66
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Ciputra Development Tbk was 72.20. The lowest was 2.59. And the median was 13.88.
ISX:CTRA's Price-to-Net-Current-Asset-Value is ranked worse than 57.67% of 756
companies
in the Real Estate industry
Industry Median: 2.165
vs ISX:CTRA: 2.66
PT Ciputra Development Tbk (ISX:CTRA) 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 Ciputra Development Tbk Net Current Asset Value Related Terms
PT Ciputra Development 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 Ciputra Development Tbk Net Current Asset Value Chart
PT Ciputra Development Tbk Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, PT Ciputra Development 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 Ciputra Development Tbk Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Ciputra Development Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Ciputra Development 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 Rp208.26 mean?
PT Ciputra Development Tbk (ISX:CTRA) has a Net Current Asset Value of Rp208.26 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 Ciputra Development Tbk and its competitors. This is 1400% above median its historical median of 13.88. Over the past decade, PT Ciputra Development Tbk's Net Current Asset Value has ranged from 2.59 to 72.20. According to the industry distribution chart, PT Ciputra Development Tbk ranks #436 out of 756 companies in the Real Estate industry, placing it in the top 57.7%.
Is PT Ciputra Development Tbk's Net Current Asset Value too high?
PT Ciputra Development Tbk's current Net Current Asset Value of Rp208.26 is 1400% above median its 10-year median of 13.88. Over the past 10 years, this metric has ranged from a low of 2.59 to a high of 72.20. Based on the distribution chart, PT Ciputra Development Tbk ranks #436 out of 756 companies in the Real Estate industry, which is below the industry midpoint. Overall, PT Ciputra Development Tbk has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Ciputra Development Tbk's Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, PT Ciputra Development Tbk ranks #436 out of 756 companies for Net Current Asset Value. This places PT Ciputra Development Tbk in the lower half of its industry. The industry median Net Current Asset Value is 2.17. Historically, PT Ciputra Development Tbk's own Net Current Asset Value has ranged from 2.59 to 72.20 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.17, based on 756 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 Ciputra Development Tbk and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ciputra Development Tbk's current Net Current Asset Value is Rp208.26, which is 1400% above median its own 10-year median of 13.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ciputra Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ciputra Development Tbk (ISX:CTRA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,402.44, compared to a current price of Rp555.00 — trading 60.4% below its estimated fair value. The current Net Current Asset Value is Rp208.26, which is 1400% above median its 10-year median of 13.88. PT Ciputra Development Tbk's overall GF Score™ is 67/100 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 Ciputra Development Tbk (ISX:CTRA), the current Net Current Asset Value is Rp208.26 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 PT Ciputra Development Tbk (ISX:CTRA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Ciputra Development Tbk stock appears to be undervalued.
The current stock price of Rp555.00 is trading 60.4% below its estimated GF Value™ of Rp1,402.44.
GuruFocus considers PT Ciputra Development Tbk to be Possible Value Trap.
Key valuation signals for ISX:CTRA:
Net Current Asset Value: Rp208.26 (1400% above median its 10-year median of 13.88)
GF Value™: Rp1,402.44 vs. price of Rp555.00 (60.4% below fair value)
No single metric tells the full story. See the ISX:CTRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Ciputra Development Tbk is a property company in Indonesia. It targets the mid-high-income segment and has developed numerous projects across cities in Indonesia. The firm operates in two segments. Residential segment that derives the majority of revenue comprises the development of housing and other properties for sale, including land provision, integrated township development with supporting infrastructure and public facilities, and management of landed residential areas, as well as the sale of strata-title apartments and office spaces (high-rise developments). Commercial Property segment includes the development and management of shopping centers and commercial estates, hotels, leased apartments and office spaces, healthcare services, golf courses, and other recreational facilities.
67GF Score
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