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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).
PT Jaya Trishindo Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was Rp-64.82.
The historical rank and industry rank for PT Jaya Trishindo Tbk's Net Current Asset Value or its related term are showing as below:
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Jaya Trishindo Tbk was 11.41. The lowest was 11.41. And the median was 11.41.
ISX:HELI's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.155 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Jaya Trishindo Tbk (ISX:HELI) 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 Jaya Trishindo Tbk Net Current Asset Value Related Terms
PT Jaya Trishindo Tbk Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for PT Jaya Trishindo Tbk's Net Current Asset Value can be seen below:
* 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 Jaya Trishindo Tbk Net Current Asset Value Chart
PT Jaya Trishindo Tbk Net Current Asset Value Competitor Comparison
For the Airports & Air Services subindustry, PT Jaya Trishindo 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 Jaya Trishindo Tbk Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, PT Jaya Trishindo Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Jaya Trishindo 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-64.82 mean?
PT Jaya Trishindo Tbk (ISX:HELI) has a Net Current Asset Value of Rp-64.82 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 Jaya Trishindo Tbk and its competitors. Over the past decade, PT Jaya Trishindo Tbk's Net Current Asset Value has ranged from 11.41 to 11.41. According to the industry distribution chart, PT Jaya Trishindo Tbk ranks #999999 out of 362 companies in the Transportation industry.
Is PT Jaya Trishindo Tbk's Net Current Asset Value too high?
PT Jaya Trishindo Tbk's current Net Current Asset Value is Rp-64.82. Over the past 10 years, this metric has ranged from a low of 11.41 to a high of 11.41. Based on the distribution chart, PT Jaya Trishindo Tbk ranks #999999 out of 362 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Jaya Trishindo Tbk has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Jaya Trishindo Tbk's Net Current Asset Value compare to competitors?
According to the Transportation industry distribution chart, PT Jaya Trishindo Tbk ranks #999999 out of 362 companies for Net Current Asset Value. This places PT Jaya Trishindo Tbk in the lower half of its industry. The industry median Net Current Asset Value is 4.16. Historically, PT Jaya Trishindo Tbk's own Net Current Asset Value has ranged from 11.41 to 11.41 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 4.16, based on 362 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 Jaya Trishindo Tbk and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jaya Trishindo Tbk's current Net Current Asset Value is Rp-64.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jaya Trishindo Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jaya Trishindo Tbk (ISX:HELI) is currently considered Possible Value Trap. The stock's GF Value™ is Rp326.29, compared to a current price of Rp198.00 — trading 39.3% below its estimated fair value. The current Net Current Asset Value is Rp-64.82. PT Jaya Trishindo Tbk's overall GF Score™ is 79/100 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 Jaya Trishindo Tbk (ISX:HELI), the current Net Current Asset Value is Rp-64.82 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 Jaya Trishindo Tbk (ISX:HELI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jaya Trishindo Tbk stock appears to be undervalued.
The current stock price of Rp198.00 is trading 39.3% below its estimated GF Value™ of Rp326.29.
GuruFocus considers PT Jaya Trishindo Tbk to be Possible Value Trap.
Key valuation signals for ISX:HELI:
Net Current Asset Value: Rp-64.82
GF Value™: Rp326.29 vs. price of Rp198.00 (39.3% below fair value)
No single metric tells the full story. See the ISX:HELI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Jaya Trishindo Tbk is engaged in commercial air transportation services covering domestic and international transportation activities for passengers and various types of cargo through scheduled and charter flight operations, air transportation leasing services involving the provision of aircraft and helicopter units to third parties, and operational representation for foreign aviation companies, and maintenance, repair, and spare parts procurement services for aviation technical support activities. The Company operates in Kalimantan, Sumatra, and Papua.
79GF Score
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