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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 Keramika Indonesia Assosiasi Tbk's Net Current Asset Value or its related term are showing as below:
ISX:KIAS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.3 Med: 9.89 Max: 55.56
Current: 10
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Keramika Indonesia Assosiasi Tbk was 55.56. The lowest was 4.30. And the median was 9.89.
ISX:KIAS's Price-to-Net-Current-Asset-Value is not ranked
in the Construction industry.
Industry Median: 3.2
vs ISX:KIAS: 10.00
PT Keramika Indonesia Assosiasi Tbk (ISX:KIAS) 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 Keramika Indonesia Assosiasi Tbk Net Current Asset Value Related Terms
PT Keramika Indonesia Assosiasi 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 Keramika Indonesia Assosiasi Tbk Net Current Asset Value Chart
ISX:KIAS vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, PT Keramika Indonesia Assosiasi 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 Keramika Indonesia Assosiasi Tbk Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, PT Keramika Indonesia Assosiasi Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Keramika Indonesia Assosiasi 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 Rp2.10 mean?
PT Keramika Indonesia Assosiasi Tbk (ISX:KIAS) has a Net Current Asset Value of Rp2.10 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 Keramika Indonesia Assosiasi Tbk and its competitors. This is 79% below median its historical median of 9.89. Over the past decade, PT Keramika Indonesia Assosiasi Tbk's Net Current Asset Value has ranged from 4.30 to 55.56.
Is PT Keramika Indonesia Assosiasi Tbk's Net Current Asset Value too high?
PT Keramika Indonesia Assosiasi Tbk's current Net Current Asset Value of Rp2.10 is 79% below median its 10-year median of 9.89. Over the past 10 years, this metric has ranged from a low of 4.30 to a high of 55.56. Overall, PT Keramika Indonesia Assosiasi Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Keramika Indonesia Assosiasi Tbk's Net Current Asset Value compare to TT and JCI?
PT Keramika Indonesia Assosiasi Tbk's Net Current Asset Value of Rp2.10 can be compared against companies in the Construction industry. The industry median Net Current Asset Value is 3.20. Historically, PT Keramika Indonesia Assosiasi Tbk's own Net Current Asset Value has ranged from 4.30 to 55.56 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.20, based on 1,058 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 Keramika Indonesia Assosiasi Tbk and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Keramika Indonesia Assosiasi Tbk's current Net Current Asset Value is Rp2.10, which is 79% below median its own 10-year median of 9.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Keramika Indonesia Assosiasi Tbk stock overvalued right now?
PT Keramika Indonesia Assosiasi Tbk (ISX:KIAS) has a current Net Current Asset Value of Rp2.10. The stock's GF Value™ is Rp20.41, compared to a current price of Rp21.00 — trading 2.9% above its estimated fair value. The current Net Current Asset Value is Rp2.10, which is 79% below median its 10-year median of 9.89. PT Keramika Indonesia Assosiasi Tbk's overall GF Score™ is 13/100 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 Keramika Indonesia Assosiasi Tbk (ISX:KIAS), the current Net Current Asset Value is Rp2.10 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 Keramika Indonesia Assosiasi Tbk (ISX:KIAS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Keramika Indonesia Assosiasi Tbk stock appears to be overvalued.
The current stock price of Rp21.00 is trading 2.9% above its estimated GF Value™ of Rp20.41.
Key valuation signals for ISX:KIAS:
Net Current Asset Value: Rp2.10 (79% below median its 10-year median of 9.89)
GF Value™: Rp20.41 vs. price of Rp21.00 (2.9% above fair value)
No single metric tells the full story. See the ISX:KIAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Keramika Indonesia Assosiasi Tbk Business Description
PT Keramika Indonesia Assosiasi Tbk is an Indonesia-based company engaged in the ceramic-based building materials industry, with operations encompassing the production of wall tiles, floor tiles, and related accessories. The Company, along with its subsidiaries, engages in the manufacturing of ceramic roof tiles and has market recognition under the brand names KIA and IMPRESSO. Its products include Tiles, Bathroom, Vinyl, Adhesive & Grout, Kitchen, and Roof Tile. The majority of the Company's revenue comes from the domestic market. The Company has two operating segments, Ceramics and Roof Tiles, of which Ceramics derives the maximum revenue.
13GF Score
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