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 Multipolar Technology Tbk's net current asset value per share for the quarter that ended in Mar. 2026 was Rp-65.90.
The historical rank and industry rank for PT Multipolar Technology 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 Multipolar Technology Tbk was 3213.11. The lowest was 7.60. And the median was 21.44.
ISX:MLPT's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.86 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Multipolar Technology Tbk (ISX:MLPT) 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 Multipolar Technology Tbk Net Current Asset Value Related Terms
PT Multipolar Technology 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 Multipolar Technology Tbk Net Current Asset Value Chart
ISX:MLPT vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, PT Multipolar Technology 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 Multipolar Technology Tbk Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, PT Multipolar Technology Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Multipolar Technology 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-65.90 mean?
PT Multipolar Technology Tbk (ISX:MLPT) has a Net Current Asset Value of Rp-65.90 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 Multipolar Technology Tbk and its competitors. Over the past decade, PT Multipolar Technology Tbk's Net Current Asset Value has ranged from 7.60 to 3,213.11. According to the industry distribution chart, PT Multipolar Technology Tbk ranks #999999 out of 1757 companies in the Software industry.
Is PT Multipolar Technology Tbk's Net Current Asset Value too high?
PT Multipolar Technology Tbk's current Net Current Asset Value is Rp-65.90. Over the past 10 years, this metric has ranged from a low of 7.60 to a high of 3,213.11. Based on the distribution chart, PT Multipolar Technology Tbk ranks #999999 out of 1757 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, PT Multipolar Technology Tbk has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Multipolar Technology Tbk's Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, PT Multipolar Technology Tbk ranks #999999 out of 1757 companies for Net Current Asset Value. This places PT Multipolar Technology Tbk in the lower half of its industry. The industry median Net Current Asset Value is 4.86. Historically, PT Multipolar Technology Tbk's own Net Current Asset Value has ranged from 7.60 to 3,213.11 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 Software company?
The median Net Current Asset Value among Software companies is 4.86, based on 1,757 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 Multipolar Technology Tbk and its competitors. For the Software industry, the median Net Current Asset Value is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multipolar Technology Tbk's current Net Current Asset Value is Rp-65.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multipolar Technology Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Multipolar Technology Tbk (ISX:MLPT) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp16,264.65, compared to a current price of Rp18,300.00 — trading 12.5% above its estimated fair value. The current Net Current Asset Value is Rp-65.90. PT Multipolar Technology Tbk's overall GF Score™ is 84/100 with 3 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 Multipolar Technology Tbk (ISX:MLPT), the current Net Current Asset Value is Rp-65.90 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 Multipolar Technology Tbk (ISX:MLPT) Overvalued in 2026?
Based on GuruFocus' analysis, PT Multipolar Technology Tbk stock appears to be overvalued.
The current stock price of Rp18,300.00 is trading 12.5% above its estimated GF Value™ of Rp16,264.65.
GuruFocus considers PT Multipolar Technology Tbk to be Modestly Overvalued.
Key valuation signals for ISX:MLPT:
Net Current Asset Value: Rp-65.90
GF Value™: Rp16,264.65 vs. price of Rp18,300.00 (12.5% above fair value)
No single metric tells the full story. See the ISX:MLPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Multipolar Technology Tbk is an Indonesian-based company engaged in consultation, integration, and information technology management. Its business activities include Strategy & Planning, Customer Experience Platforms & Services, Digital Insights, Business Solution Platforms & Services, Hybrid Integration Platforms & Services, Hybrid Infrastructure Platforms & Services, and Security Platforms & Services. The revenue is generated from Technology Services, followed by Hardware & Supporting Devices, IT Outsourcing, Software, and Others.
84GF Score
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