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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).
ISX:GMTD'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.7 Med: 28.3 Max: 264.57
Current: 5.9
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Gowa Makassar Tourism Development Tbk was 264.57. The lowest was 5.70. And the median was 28.30.
ISX:GMTD's Price-to-Net-Current-Asset-Value is ranked worse than 77.12% of 756
companies
in the Real Estate industry
Industry Median: 2.165
vs ISX:GMTD: 5.90
PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk Net Current Asset Value Related Terms
PT Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk Net Current Asset Value Chart
PT Gowa Makassar Tourism Development Tbk Annual Data
PT Gowa Makassar Tourism Development Tbk Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, PT Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Gowa Makassar Tourism 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 Rp228.96 mean?
PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) has a Net Current Asset Value of Rp228.96 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 Gowa Makassar Tourism Development Tbk and its competitors. This is 709% above median its historical median of 28.30. Over the past decade, PT Gowa Makassar Tourism Development Tbk's Net Current Asset Value has ranged from 5.70 to 264.57. According to the industry distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #583 out of 756 companies in the Real Estate industry, placing it in the top 77.1%.
Is PT Gowa Makassar Tourism Development Tbk's Net Current Asset Value too high?
PT Gowa Makassar Tourism Development Tbk's current Net Current Asset Value of Rp228.96 is 709% above median its 10-year median of 28.30. Over the past 10 years, this metric has ranged from a low of 5.70 to a high of 264.57. Based on the distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #583 out of 756 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PT Gowa Makassar Tourism Development Tbk has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Gowa Makassar Tourism Development Tbk's Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #583 out of 756 companies for Net Current Asset Value. This places PT Gowa Makassar Tourism Development Tbk in the lower half of its industry. The industry median Net Current Asset Value is 2.17. Historically, PT Gowa Makassar Tourism Development Tbk's own Net Current Asset Value has ranged from 5.70 to 264.57 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 Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk's current Net Current Asset Value is Rp228.96, which is 709% above median its own 10-year median of 28.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gowa Makassar Tourism Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,905.62, compared to a current price of Rp1,350.00 — trading 29.2% below its estimated fair value. The current Net Current Asset Value is Rp228.96, which is 709% above median its 10-year median of 28.30. PT Gowa Makassar Tourism Development Tbk's overall GF Score™ is 72/100 with 4 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD), the current Net Current Asset Value is Rp228.96 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD) Overvalued in 2026?
Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk stock appears to be undervalued.
The current stock price of Rp1,350.00 is trading 29.2% below its estimated GF Value™ of Rp1,905.62.
GuruFocus considers PT Gowa Makassar Tourism Development Tbk to be Modestly Undervalued.
Key valuation signals for ISX:GMTD:
Net Current Asset Value: Rp228.96 (709% above median its 10-year median of 28.30)
GF Value™: Rp1,905.62 vs. price of Rp1,350.00 (29.2% below fair value)
No single metric tells the full story. See the ISX:GMTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Gowa Makassar Tourism Development Tbk Business Description
PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments: the Core segment, which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. The company is based in Indonesia, and the majority of its revenues are derived from the real estate business.
72GF Score
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