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 Indonesia Fibreboard Industry Tbk's Net Current Asset Value or its related term are showing as below:
ISX:IFII'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.09 Med: 6.74 Max: 49.03
Current: 8.65
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Indonesia Fibreboard Industry Tbk was 49.03. The lowest was 4.09. And the median was 6.74.
ISX:IFII's Price-to-Net-Current-Asset-Value is ranked worse than 74.8% of 127
companies
in the Forest Products industry
Industry Median: 3.23
vs ISX:IFII: 8.65
PT Indonesia Fibreboard Industry Tbk (ISX:IFII) 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 Indonesia Fibreboard Industry Tbk Net Current Asset Value Related Terms
PT Indonesia Fibreboard Industry 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 Indonesia Fibreboard Industry Tbk Net Current Asset Value Chart
ISX:IFII vs SSD, UFPI, BCC: Net Current Asset Value Comparison
For the Lumber & Wood Production subindustry, PT Indonesia Fibreboard Industry 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 Indonesia Fibreboard Industry Tbk Price-to-Net-Current-Asset-Value vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Indonesia Fibreboard Industry Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Indonesia Fibreboard Industry 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 Rp24.05 mean?
PT Indonesia Fibreboard Industry Tbk (ISX:IFII) has a Net Current Asset Value of Rp24.05 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 Indonesia Fibreboard Industry Tbk and its competitors. This is 257% above median its historical median of 6.74. Over the past decade, PT Indonesia Fibreboard Industry Tbk's Net Current Asset Value has ranged from 4.09 to 49.03. According to the industry distribution chart, PT Indonesia Fibreboard Industry Tbk ranks #95 out of 127 companies in the Forest Products industry, placing it in the top 74.8%.
Is PT Indonesia Fibreboard Industry Tbk's Net Current Asset Value too high?
PT Indonesia Fibreboard Industry Tbk's current Net Current Asset Value of Rp24.05 is 257% above median its 10-year median of 6.74. Over the past 10 years, this metric has ranged from a low of 4.09 to a high of 49.03. Based on the distribution chart, PT Indonesia Fibreboard Industry Tbk ranks #95 out of 127 companies in the Forest Products industry, which is below the industry midpoint. Overall, PT Indonesia Fibreboard Industry Tbk has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indonesia Fibreboard Industry Tbk's Net Current Asset Value compare to SSD and UFPI?
According to the Forest Products industry distribution chart, PT Indonesia Fibreboard Industry Tbk ranks #95 out of 127 companies for Net Current Asset Value. This places PT Indonesia Fibreboard Industry Tbk in the lower half of its industry. The industry median Net Current Asset Value is 3.23. Historically, PT Indonesia Fibreboard Industry Tbk's own Net Current Asset Value has ranged from 4.09 to 49.03 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 Forest Products company?
The median Net Current Asset Value among Forest Products companies is 3.23, based on 127 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 Indonesia Fibreboard Industry Tbk and its competitors. For the Forest Products industry, the median Net Current Asset Value is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indonesia Fibreboard Industry Tbk's current Net Current Asset Value is Rp24.05, which is 257% above median its own 10-year median of 6.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indonesia Fibreboard Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indonesia Fibreboard Industry Tbk (ISX:IFII) is currently considered Fairly Valued. The stock's GF Value™ is Rp211.69, compared to a current price of Rp208.00 — trading 1.7% below its estimated fair value. The current Net Current Asset Value is Rp24.05, which is 257% above median its 10-year median of 6.74. PT Indonesia Fibreboard Industry Tbk's overall GF Score™ is 88/100 with 2 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 Indonesia Fibreboard Industry Tbk (ISX:IFII), the current Net Current Asset Value is Rp24.05 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 Indonesia Fibreboard Industry Tbk (ISX:IFII) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indonesia Fibreboard Industry Tbk stock appears to be undervalued.
The current stock price of Rp208.00 is trading 1.7% below its estimated GF Value™ of Rp211.69.
GuruFocus considers PT Indonesia Fibreboard Industry Tbk to be Fairly Valued.
Key valuation signals for ISX:IFII:
Net Current Asset Value: Rp24.05 (257% above median its 10-year median of 6.74)
GF Value™: Rp211.69 vs. price of Rp208.00 (1.7% below fair value)
No single metric tells the full story. See the ISX:IFII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indonesia Fibreboard Industry Tbk Business Description
PT Indonesia Fibreboard Industry Tbk is a wood processing company developing a variety of processed wood such as veneer and plywood. Its product portfolio includes High-Density Fireboard, Medium Density Fireboard, Low-Density Fireboard, High Moisture Resistance, Plywood, Plywood MDF, MDF Laminate Paper, and Veneer. Its segments include Japan MDF, Regular MDF, Middle East MDF, and Others. A vast majority of its revenues are derived from Middle East MDF segment.
88GF Score
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