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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).
The historical rank and industry rank for PT Equity Development Investment Tbk's Net Current Asset Value or its related term are showing as below:
ISX:GSMF's Price-to-Net-Current-Asset-Value is not ranked *
in the Insurance industry.
Industry Median: 6.52 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Equity Development Investment Tbk (ISX:GSMF) 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 Equity Development Investment Tbk Net Current Asset Value Related Terms
PT Equity Development Investment 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 Equity Development Investment Tbk Net Current Asset Value Chart
ISX:GSMF vs BRK.A, AIG, HIG: Net Current Asset Value Comparison
For the Insurance - Diversified subindustry, PT Equity Development Investment 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 Equity Development Investment Tbk Price-to-Net-Current-Asset-Value vs Insurance Industry
For the Insurance industry and Financial Services sector, PT Equity Development Investment Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Equity Development Investment 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 Rp0.00 mean?
PT Equity Development Investment Tbk (ISX:GSMF) has a Net Current Asset Value of Rp0.00 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 Equity Development Investment Tbk and its competitors. According to the industry distribution chart, PT Equity Development Investment Tbk ranks #999999 out of 26 companies in the Insurance industry.
Is PT Equity Development Investment Tbk's Net Current Asset Value too high?
PT Equity Development Investment Tbk's current Net Current Asset Value is Rp0.00. Based on the distribution chart, PT Equity Development Investment Tbk ranks #999999 out of 26 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, PT Equity Development Investment Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Equity Development Investment Tbk's Net Current Asset Value compare to BRK.A and AIG?
According to the Insurance industry distribution chart, PT Equity Development Investment Tbk ranks #999999 out of 26 companies for Net Current Asset Value. This places PT Equity Development Investment Tbk in the lower half of its industry. The industry median Net Current Asset Value is 6.52. 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 Insurance company?
The median Net Current Asset Value among Insurance companies is 6.52, based on 26 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 Equity Development Investment Tbk and its competitors. For the Insurance industry, the median Net Current Asset Value is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Equity Development Investment Tbk's current Net Current Asset Value is Rp0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Equity Development Investment Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Equity Development Investment Tbk (ISX:GSMF) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp41.95, compared to a current price of Rp90.00 — trading 114.5% above its estimated fair value. The current Net Current Asset Value is Rp0.00. PT Equity Development Investment Tbk's overall GF Score™ is 59/100 with 3 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 Equity Development Investment Tbk (ISX:GSMF), the current Net Current Asset Value is Rp0.00 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 Equity Development Investment Tbk (ISX:GSMF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Equity Development Investment Tbk stock appears to be overvalued.
The current stock price of Rp90.00 is trading 114.5% above its estimated GF Value™ of Rp41.95.
GuruFocus considers PT Equity Development Investment Tbk to be Significantly Overvalued.
Key valuation signals for ISX:GSMF:
Net Current Asset Value: Rp0.00
GF Value™: Rp41.95 vs. price of Rp90.00 (114.5% above fair value)
No single metric tells the full story. See the ISX:GSMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Equity Development Investment Tbk Business Description
PT Equity Development Investment Tbk is an Indonesia-based investment holding company engaged in the insurance business through its subsidiaries. It is also engaged in investment activities, management consulting services, and share investments, as well as training areas specifically for the Equity group. The company and its subsidiaries have categorized their business activity into four segments by the nature of the business, which include Holding company, travel services and venture capital, Banking and financing, Insurance, Stock administration and securities, out of which the majority of the revenue is generated from the Insurance segment. The company's geographical segments include Java Island and Outside Java Island.
59GF Score
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