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 Energi Mega Persada Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was Rp-442.63.
The historical rank and industry rank for PT Energi Mega Persada Tbk's Net Current Asset Value or its related term are showing as below:
ISX:ENRG's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.82 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Energi Mega Persada Tbk (ISX:ENRG) 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 Energi Mega Persada Tbk Net Current Asset Value Related Terms
PT Energi Mega Persada 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 Energi Mega Persada Tbk Net Current Asset Value Chart
ISX:ENRG vs COP, EOG, FANG: Net Current Asset Value Comparison
For the Oil & Gas E&P subindustry, PT Energi Mega Persada 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 Energi Mega Persada Tbk Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PT Energi Mega Persada Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Energi Mega Persada 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-442.63 mean?
PT Energi Mega Persada Tbk (ISX:ENRG) has a Net Current Asset Value of Rp-442.63 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 Energi Mega Persada Tbk and its competitors. According to the industry distribution chart, PT Energi Mega Persada Tbk ranks #999999 out of 297 companies in the Oil & Gas industry.
Is PT Energi Mega Persada Tbk's Net Current Asset Value too high?
PT Energi Mega Persada Tbk's current Net Current Asset Value is Rp-442.63. Based on the distribution chart, PT Energi Mega Persada Tbk ranks #999999 out of 297 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, PT Energi Mega Persada Tbk has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Energi Mega Persada Tbk's Net Current Asset Value compare to COP and EOG?
According to the Oil & Gas industry distribution chart, PT Energi Mega Persada Tbk ranks #999999 out of 297 companies for Net Current Asset Value. This places PT Energi Mega Persada Tbk in the lower half of its industry. The industry median Net Current Asset Value is 3.82. 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.82, based on 297 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 Energi Mega Persada Tbk and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Energi Mega Persada Tbk's current Net Current Asset Value is Rp-442.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Energi Mega Persada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Energi Mega Persada Tbk (ISX:ENRG) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp256.21, compared to a current price of Rp1,200.00 — trading 368.4% above its estimated fair value. The current Net Current Asset Value is Rp-442.63. PT Energi Mega Persada Tbk's overall GF Score™ is 58/100 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 PT Energi Mega Persada Tbk (ISX:ENRG), the current Net Current Asset Value is Rp-442.63 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 Energi Mega Persada Tbk (ISX:ENRG) Overvalued in 2026?
Based on GuruFocus' analysis, PT Energi Mega Persada Tbk stock appears to be overvalued.
The current stock price of Rp1,200.00 is trading 368.4% above its estimated GF Value™ of Rp256.21.
GuruFocus considers PT Energi Mega Persada Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ENRG:
Net Current Asset Value: Rp-442.63
GF Value™: Rp256.21 vs. price of Rp1,200.00 (368.4% above fair value)
No single metric tells the full story. See the ISX:ENRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Energi Mega Persada Tbk is an upstream oil and natural gas company that has operating areas in Indonesia and Mozambique. Its business activities includes exploration, development and production of crude oil and natural gas. The company's segments consist of exploration and production of crude oil and natural gas, and oil and gas infrastructures. Its projects include the Malacca Strait Block, Kangean, Korinci Baru, and others. The majority of the revenue is generated from the sale of crude oil and natural gas.
58GF Score
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