Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PT Goto Gojek Tokopedia TbkISX:GOTO 72 Net Current Asset Value is Rp14.68 as of Mar. 2026, which is 100% below its 10-year median of 4.75. GuruFocus rates ISX:GOTO with a GF Score™ of 72/100 and a GF Value™ of Rp85.42 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,758 Software companies, PT Goto Gojek Tokopedia Tbk ranks better than 62.63% on this metric.
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 Goto Gojek Tokopedia Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was Rp14.68.
The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's Net Current Asset Value or its related term are showing as below:
ISX:GOTO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.88 Med: 4.75 Max: 15.79
Current: 3.41
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Goto Gojek Tokopedia Tbk was 15.79. The lowest was 2.88. And the median was 4.75.
ISX:GOTO's Price-to-Net-Current-Asset-Value is ranked better than 62.63% of 1758
companies
in the Software industry
Industry Median: 4.785
vs ISX:GOTO: 3.41
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) 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 Goto Gojek Tokopedia Tbk Net Current Asset Value Related Terms
PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk Net Current Asset Value Chart
ISX:GOTO vs MSFT, ORCL, PLTR: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Goto Gojek Tokopedia 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 Rp14.68 mean?
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) has a Net Current Asset Value of Rp14.68 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 Goto Gojek Tokopedia Tbk and its competitors. This is 209% above median its historical median of 4.75. Over the past decade, PT Goto Gojek Tokopedia Tbk's Net Current Asset Value has ranged from 2.88 to 15.79. According to the industry distribution chart, PT Goto Gojek Tokopedia Tbk ranks #657 out of 1758 companies in the Software industry, placing it in the top 37.4%.
Is PT Goto Gojek Tokopedia Tbk's Net Current Asset Value too high?
PT Goto Gojek Tokopedia Tbk's current Net Current Asset Value of Rp14.68 is 209% above median its 10-year median of 4.75. Over the past 10 years, this metric has ranged from a low of 2.88 to a high of 15.79. Based on the distribution chart, PT Goto Gojek Tokopedia Tbk ranks #657 out of 1758 companies in the Software industry, which is above the industry midpoint. Overall, PT Goto Gojek Tokopedia Tbk has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Goto Gojek Tokopedia Tbk's Net Current Asset Value compare to MSFT and ORCL?
According to the Software industry distribution chart, PT Goto Gojek Tokopedia Tbk ranks #657 out of 1758 companies for Net Current Asset Value. This puts PT Goto Gojek Tokopedia Tbk in the upper half of its industry. The industry median Net Current Asset Value is 4.79. Historically, PT Goto Gojek Tokopedia Tbk's own Net Current Asset Value has ranged from 2.88 to 15.79 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 4.79, 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 Goto Gojek Tokopedia Tbk and its competitors. For the Software industry, the median Net Current Asset Value is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Goto Gojek Tokopedia Tbk's current Net Current Asset Value is Rp14.68, which is 209% above median its own 10-year median of 4.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Goto Gojek Tokopedia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk (ISX:GOTO) is currently considered Possible Value Trap. The stock's GF Value™ is Rp85.42, compared to a current price of Rp50.00 — trading 41.5% below its estimated fair value. The current Net Current Asset Value is Rp14.68, which is 209% above median its 10-year median of 4.75. PT Goto Gojek Tokopedia Tbk's overall GF Score™ is 72/100 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 Goto Gojek Tokopedia Tbk (ISX:GOTO), the current Net Current Asset Value is Rp14.68 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 Goto Gojek Tokopedia Tbk (ISX:GOTO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk stock appears to be undervalued.
The current stock price of Rp50.00 is trading 41.5% below its estimated GF Value™ of Rp85.42.
GuruFocus considers PT Goto Gojek Tokopedia Tbk to be Possible Value Trap.
Key valuation signals for ISX:GOTO:
Net Current Asset Value: Rp14.68 (209% above median its 10-year median of 4.75)
GF Value™: Rp85.42 vs. price of Rp50.00 (41.5% below fair value)
No single metric tells the full story. See the ISX:GOTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the financial services business to account for the majority of revenue while its on-demand business begins to become less of a priority. Prior to the deconsolidation, 82% of nonfinancial services' gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy-now, pay-later programs. The company competes with Grab in the ride-hailing and delivery business.
72GF Score
Get the complete analysis for ISX:GOTO
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:GOTO has been successfully added to your 
