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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 Indopoly Swakarsa Industry Tbk's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Indopoly Swakarsa Industry Tbk was 133.33. The lowest was 6.24. And the median was 8.50.
ISX:IPOL's Price-to-Net-Current-Asset-Value is not ranked *
in the Packaging & Containers industry.
Industry Median: 3.41 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) 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 Indopoly Swakarsa Industry Tbk Net Current Asset Value Related Terms
PT Indopoly Swakarsa 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 Indopoly Swakarsa Industry Tbk Net Current Asset Value Chart
ISX:IPOL vs SW, PKG, IP: Net Current Asset Value Comparison
For the Packaging & Containers subindustry, PT Indopoly Swakarsa 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 Indopoly Swakarsa Industry Tbk Price-to-Net-Current-Asset-Value vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, PT Indopoly Swakarsa Industry Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Indopoly Swakarsa 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 Rp-206.59 mean?
PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) has a Net Current Asset Value of Rp-206.59 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 Indopoly Swakarsa Industry Tbk and its competitors. Over the past decade, PT Indopoly Swakarsa Industry Tbk's Net Current Asset Value has ranged from 6.24 to 133.33. According to the industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #999999 out of 221 companies in the Packaging & Containers industry.
Is PT Indopoly Swakarsa Industry Tbk's Net Current Asset Value too high?
PT Indopoly Swakarsa Industry Tbk's current Net Current Asset Value is Rp-206.59. Over the past 10 years, this metric has ranged from a low of 6.24 to a high of 133.33. Based on the distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #999999 out of 221 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, PT Indopoly Swakarsa Industry Tbk has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Indopoly Swakarsa Industry Tbk's Net Current Asset Value compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #999999 out of 221 companies for Net Current Asset Value. This places PT Indopoly Swakarsa Industry Tbk in the lower half of its industry. The industry median Net Current Asset Value is 3.41. Historically, PT Indopoly Swakarsa Industry Tbk's own Net Current Asset Value has ranged from 6.24 to 133.33 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 Packaging & Containers company?
The median Net Current Asset Value among Packaging & Containers companies is 3.41, based on 221 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 Indopoly Swakarsa Industry Tbk and its competitors. For the Packaging & Containers industry, the median Net Current Asset Value is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indopoly Swakarsa Industry Tbk's current Net Current Asset Value is Rp-206.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indopoly Swakarsa Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) is currently considered Possible Value Trap. The stock's GF Value™ is Rp165.53, compared to a current price of Rp106.00 — trading 36% below its estimated fair value. The current Net Current Asset Value is Rp-206.59. PT Indopoly Swakarsa Industry Tbk's overall GF Score™ is 62/100 with 6 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL), the current Net Current Asset Value is Rp-206.59 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk stock appears to be undervalued.
The current stock price of Rp106.00 is trading 36% below its estimated GF Value™ of Rp165.53.
GuruFocus considers PT Indopoly Swakarsa Industry Tbk to be Possible Value Trap.
Key valuation signals for ISX:IPOL:
Net Current Asset Value: Rp-206.59
GF Value™: Rp165.53 vs. price of Rp106.00 (36% below fair value)
No single metric tells the full story. See the ISX:IPOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indopoly Swakarsa Industry Tbk Business Description
PT Indopoly Swakarsa Industry Tbk is an Indonesia-based company engaged in the manufacturing of biaxially-oriented polypropylene (BOPP) and biaxially-oriented polyester (BOPET) films for the flexible packaging industry. The company manufactures films that are being used in cigarette packaging, food packaging, non-food packaging, graphic media, green packaging, label, and other custom purposes. Its products are marketed under the brand name Ilene. The firm also manufactures specialty products such as oxo-biodegradable films, breathable films, and high barrier films. It offers its products to both the Indonesian market and international markets such as China, the United States, and others from which Indonesia derives a majority of its revenue to the company.
62GF Score
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