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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 Armada berjaya trans Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was Rp-275.74.
The historical rank and industry rank for PT Armada berjaya trans Tbk's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Armada berjaya trans Tbk was 40.07. The lowest was 2.28. And the median was 5.03.
ISX:JAYA's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Armada berjaya trans Tbk (ISX:JAYA) 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 Armada berjaya trans Tbk Net Current Asset Value Related Terms
PT Armada berjaya trans 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 Armada berjaya trans Tbk Net Current Asset Value Chart
ISX:JAYA vs ODFL, XPO, KNX: Net Current Asset Value Comparison
For the Trucking subindustry, PT Armada berjaya trans 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 Armada berjaya trans Tbk Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, PT Armada berjaya trans Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Armada berjaya trans 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-275.74 mean?
PT Armada berjaya trans Tbk (ISX:JAYA) has a Net Current Asset Value of Rp-275.74 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 Armada berjaya trans Tbk and its competitors. Over the past decade, PT Armada berjaya trans Tbk's Net Current Asset Value has ranged from 2.28 to 40.07. According to the industry distribution chart, PT Armada berjaya trans Tbk ranks #999999 out of 359 companies in the Transportation industry.
Is PT Armada berjaya trans Tbk's Net Current Asset Value too high?
PT Armada berjaya trans Tbk's current Net Current Asset Value is Rp-275.74. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 40.07. Based on the distribution chart, PT Armada berjaya trans Tbk ranks #999999 out of 359 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Armada berjaya trans Tbk has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Armada berjaya trans Tbk's Net Current Asset Value compare to ODFL and XPO?
According to the Transportation industry distribution chart, PT Armada berjaya trans Tbk ranks #999999 out of 359 companies for Net Current Asset Value. This places PT Armada berjaya trans Tbk in the lower half of its industry. The industry median Net Current Asset Value is 4.00. Historically, PT Armada berjaya trans Tbk's own Net Current Asset Value has ranged from 2.28 to 40.07 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 4.00, based on 359 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 Armada berjaya trans Tbk and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Armada berjaya trans Tbk's current Net Current Asset Value is Rp-275.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Armada berjaya trans Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Armada berjaya trans Tbk (ISX:JAYA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp108.32, compared to a current price of Rp132.00 — trading 21.9% above its estimated fair value. The current Net Current Asset Value is Rp-275.74. PT Armada berjaya trans Tbk's overall GF Score™ is 75/100 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 Armada berjaya trans Tbk (ISX:JAYA), the current Net Current Asset Value is Rp-275.74 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 Armada berjaya trans Tbk (ISX:JAYA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Armada berjaya trans Tbk stock appears to be overvalued.
The current stock price of Rp132.00 is trading 21.9% above its estimated GF Value™ of Rp108.32.
GuruFocus considers PT Armada berjaya trans Tbk to be Modestly Overvalued.
Key valuation signals for ISX:JAYA:
Net Current Asset Value: Rp-275.74
GF Value™: Rp108.32 vs. price of Rp132.00 (21.9% above fair value)
No single metric tells the full story. See the ISX:JAYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Armada berjaya trans Tbk is a general land transport and logistics company. The company's services include land transportation, customs clearance, and multimodal transport. Its geographical segments are Java Barat, Banten, DKI Jakarta, Bali, Bengkulu, and East Java. It derives maximum revenue from DKI Jakarta.
75GF Score
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