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).
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Indoritel Makmur Internasional Tbk was 331.33. The lowest was 83.65. And the median was 129.19.
ISX:DNET's Price-to-Net-Current-Asset-Value is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.27 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Indoritel Makmur Internasional Tbk (ISX:DNET) 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 Indoritel Makmur Internasional Tbk Net Current Asset Value Related Terms
PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Net Current Asset Value Chart
ISX:DNET vs TMUS, VZ, T: Net Current Asset Value Comparison
For the Telecom Services subindustry, PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PT Indoritel Makmur Internasional Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Indoritel Makmur Internasional 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 Rp-441.40 mean?
PT Indoritel Makmur Internasional Tbk (ISX:DNET) has a Net Current Asset Value of Rp-441.40 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 Indoritel Makmur Internasional Tbk and its competitors. Over the past decade, PT Indoritel Makmur Internasional Tbk's Net Current Asset Value has ranged from 83.65 to 331.33. According to the industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #999999 out of 100 companies in the Telecommunication Services industry.
Is PT Indoritel Makmur Internasional Tbk's Net Current Asset Value too high?
PT Indoritel Makmur Internasional Tbk's current Net Current Asset Value is Rp-441.40. Over the past 10 years, this metric has ranged from a low of 83.65 to a high of 331.33. Based on the distribution chart, PT Indoritel Makmur Internasional Tbk ranks #999999 out of 100 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, PT Indoritel Makmur Internasional Tbk has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indoritel Makmur Internasional Tbk's Net Current Asset Value compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #999999 out of 100 companies for Net Current Asset Value. This places PT Indoritel Makmur Internasional Tbk in the lower half of its industry. The industry median Net Current Asset Value is 5.27. Historically, PT Indoritel Makmur Internasional Tbk's own Net Current Asset Value has ranged from 83.65 to 331.33 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.27, based on 100 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 Indoritel Makmur Internasional Tbk and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indoritel Makmur Internasional Tbk's current Net Current Asset Value is Rp-441.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indoritel Makmur Internasional Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk (ISX:DNET) is currently considered Fairly Valued. The stock's GF Value™ is Rp9,993.07, compared to a current price of Rp10,300.00 — trading 3.1% above its estimated fair value. The current Net Current Asset Value is Rp-441.40. PT Indoritel Makmur Internasional Tbk's overall GF Score™ is 84/100 with 5 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 Indoritel Makmur Internasional Tbk (ISX:DNET), the current Net Current Asset Value is Rp-441.40 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 Indoritel Makmur Internasional Tbk (ISX:DNET) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk stock appears to be overvalued.
The current stock price of Rp10,300.00 is trading 3.1% above its estimated GF Value™ of Rp9,993.07.
GuruFocus considers PT Indoritel Makmur Internasional Tbk to be Fairly Valued.
Key valuation signals for ISX:DNET:
Net Current Asset Value: Rp-441.40
GF Value™: Rp9,993.07 vs. price of Rp10,300.00 (3.1% above fair value)
No single metric tells the full story. See the ISX:DNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indoritel Makmur Internasional Tbk Business Description
PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers.
84GF Score
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