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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).
The historical rank and industry rank for PT Distribusi Voucher Nusantara Tbk's Net Current Asset Value or its related term are showing as below:
ISX:DIVA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.27 Med: 0.73 Max: 4.09
Current: 0.38
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Distribusi Voucher Nusantara Tbk was 4.09. The lowest was 0.27. And the median was 0.73.
ISX:DIVA's Price-to-Net-Current-Asset-Value is ranked better than 98.52% of 1758
companies
in the Software industry
Industry Median: 4.71
vs ISX:DIVA: 0.38
PT Distribusi Voucher Nusantara Tbk (ISX:DIVA) 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 Distribusi Voucher Nusantara Tbk Net Current Asset Value Related Terms
PT Distribusi Voucher Nusantara 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 Distribusi Voucher Nusantara Tbk Net Current Asset Value Chart
ISX:DIVA vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, PT Distribusi Voucher Nusantara 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 Distribusi Voucher Nusantara Tbk Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, PT Distribusi Voucher Nusantara Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Distribusi Voucher Nusantara 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 Rp310.67 mean?
PT Distribusi Voucher Nusantara Tbk (ISX:DIVA) has a Net Current Asset Value of Rp310.67 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 Distribusi Voucher Nusantara Tbk and its competitors. This is 42458% above median its historical median of 0.73. Over the past decade, PT Distribusi Voucher Nusantara Tbk's Net Current Asset Value has ranged from 0.27 to 4.09. According to the industry distribution chart, PT Distribusi Voucher Nusantara Tbk ranks #26 out of 1758 companies in the Software industry, placing it in the top 1.5%.
Is PT Distribusi Voucher Nusantara Tbk's Net Current Asset Value too high?
PT Distribusi Voucher Nusantara Tbk's current Net Current Asset Value of Rp310.67 is 42458% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 4.09. Based on the distribution chart, PT Distribusi Voucher Nusantara Tbk ranks #26 out of 1758 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, PT Distribusi Voucher Nusantara Tbk has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Distribusi Voucher Nusantara Tbk's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, PT Distribusi Voucher Nusantara Tbk ranks #26 out of 1758 companies for Net Current Asset Value. This places PT Distribusi Voucher Nusantara Tbk in the top 2% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.71. Historically, PT Distribusi Voucher Nusantara Tbk's own Net Current Asset Value has ranged from 0.27 to 4.09 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 Software company?
The median Net Current Asset Value among Software companies is 4.71, based on 1,758 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 Distribusi Voucher Nusantara Tbk and its competitors. For the Software industry, the median Net Current Asset Value is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Distribusi Voucher Nusantara Tbk's current Net Current Asset Value is Rp310.67, which is 42458% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Distribusi Voucher Nusantara Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Distribusi Voucher Nusantara Tbk (ISX:DIVA) is currently considered Fairly Valued. The stock's GF Value™ is Rp118.70, compared to a current price of Rp118.00 — trading 0.6% below its estimated fair value. The current Net Current Asset Value is Rp310.67, which is 42458% above median its 10-year median of 0.73. PT Distribusi Voucher Nusantara Tbk's overall GF Score™ is 74/100 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 Distribusi Voucher Nusantara Tbk (ISX:DIVA), the current Net Current Asset Value is Rp310.67 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 Distribusi Voucher Nusantara Tbk (ISX:DIVA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Distribusi Voucher Nusantara Tbk stock appears to be undervalued.
The current stock price of Rp118.00 is trading 0.6% below its estimated GF Value™ of Rp118.70.
GuruFocus considers PT Distribusi Voucher Nusantara Tbk to be Fairly Valued.
Key valuation signals for ISX:DIVA:
Net Current Asset Value: Rp310.67 (42458% above median its 10-year median of 0.73)
GF Value™: Rp118.70 vs. price of Rp118.00 (0.6% below fair value)
No single metric tells the full story. See the ISX:DIVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Distribusi Voucher Nusantara Tbk Business Description
PT Distribusi Voucher Nusantara Tbk provides business-to-business and business-to-customer software solutions. The company's operating segment includes Digital Products and Services including telecommunication pulses, internet data packages, electricity tokens, e-vouchers, travel products, and digital payment services , Digital Financial Services, Tour and Travel, and Other Revenue from the Ecosystem. It generates maximum revenue from the Digital products and services segment. The company's products include Diva Intelligent IM and Diva Chat Commerce.
74GF Score
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