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 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Pelayaran Nasional Ekalya Purnamasari Tbk was 60.25. The lowest was 5.45. And the median was 9.54.
ISX:ELPI's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.05 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) 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 Pelayaran Nasional Ekalya Purnamasari Tbk Net Current Asset Value Related Terms
PT Pelayaran Nasional Ekalya Purnamasari 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 Pelayaran Nasional Ekalya Purnamasari Tbk Net Current Asset Value Chart
PT Pelayaran Nasional Ekalya Purnamasari Tbk Annual Data
PT Pelayaran Nasional Ekalya Purnamasari Tbk Net Current Asset Value Competitor Comparison
For the Marine Shipping subindustry, PT Pelayaran Nasional Ekalya Purnamasari 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 Pelayaran Nasional Ekalya Purnamasari Tbk Price-to-Net-Current-Asset-Value vs Transportation Industry
* 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-13.63 mean?
PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) has a Net Current Asset Value of Rp-13.63 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 Pelayaran Nasional Ekalya Purnamasari Tbk and its competitors. Over the past decade, PT Pelayaran Nasional Ekalya Purnamasari Tbk's Net Current Asset Value has ranged from 5.45 to 60.25. According to the industry distribution chart, PT Pelayaran Nasional Ekalya Purnamasari Tbk ranks #999999 out of 360 companies in the Transportation industry.
Is PT Pelayaran Nasional Ekalya Purnamasari Tbk's Net Current Asset Value too high?
PT Pelayaran Nasional Ekalya Purnamasari Tbk's current Net Current Asset Value is Rp-13.63. Over the past 10 years, this metric has ranged from a low of 5.45 to a high of 60.25. Based on the distribution chart, PT Pelayaran Nasional Ekalya Purnamasari Tbk ranks #999999 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Pelayaran Nasional Ekalya Purnamasari Tbk has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Pelayaran Nasional Ekalya Purnamasari Tbk's Net Current Asset Value compare to competitors?
According to the Transportation industry distribution chart, PT Pelayaran Nasional Ekalya Purnamasari Tbk ranks #999999 out of 360 companies for Net Current Asset Value. This places PT Pelayaran Nasional Ekalya Purnamasari Tbk in the lower half of its industry. The industry median Net Current Asset Value is 4.05. Historically, PT Pelayaran Nasional Ekalya Purnamasari Tbk's own Net Current Asset Value has ranged from 5.45 to 60.25 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.05, based on 360 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 Pelayaran Nasional Ekalya Purnamasari Tbk and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pelayaran Nasional Ekalya Purnamasari Tbk's current Net Current Asset Value is Rp-13.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pelayaran Nasional Ekalya Purnamasari Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp216.41, compared to a current price of Rp1,105.00 — trading 410.6% above its estimated fair value. The current Net Current Asset Value is Rp-13.63. PT Pelayaran Nasional Ekalya Purnamasari Tbk's overall GF Score™ is 72/100 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 Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI), the current Net Current Asset Value is Rp-13.63 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 Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pelayaran Nasional Ekalya Purnamasari Tbk stock appears to be overvalued.
The current stock price of Rp1,105.00 is trading 410.6% above its estimated GF Value™ of Rp216.41.
GuruFocus considers PT Pelayaran Nasional Ekalya Purnamasari Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ELPI:
Net Current Asset Value: Rp-13.63
GF Value™: Rp216.41 vs. price of Rp1,105.00 (410.6% above fair value)
No single metric tells the full story. See the ISX:ELPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pelayaran Nasional Ekalya Purnamasari Tbk Business Description
PT Pelayaran Nasional Ekalya Purnamasari Tbk is engaged in sea transportation and transportation support activities. The segments of the business are owned vessel, chartered vessel, and other services, out of which the majority are from the owned vessel. The activities of the company comprises of domestic shipping, shipping and transportation services, shipping agents, shipping companies, oil and gas hauling services, marine vessel leasing services, and others.
72GF Score
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