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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).
ISX:PTSP's Price-to-Net-Current-Asset-Value is not ranked *
in the Restaurants industry.
Industry Median: 9.84 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Pioneerindo Gourmet International Tbk (ISX:PTSP) 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 Pioneerindo Gourmet International Tbk Net Current Asset Value Related Terms
PT Pioneerindo Gourmet International 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 Pioneerindo Gourmet International Tbk Net Current Asset Value Chart
PT Pioneerindo Gourmet International Tbk Annual Data
ISX:PTSP vs MCD, SBUX, YUM: Net Current Asset Value Comparison
For the Restaurants subindustry, PT Pioneerindo Gourmet International 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 Pioneerindo Gourmet International Tbk Price-to-Net-Current-Asset-Value vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, PT Pioneerindo Gourmet International Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Pioneerindo Gourmet International 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-366.99 mean?
PT Pioneerindo Gourmet International Tbk (ISX:PTSP) has a Net Current Asset Value of Rp-366.99 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 Pioneerindo Gourmet International Tbk and its competitors. According to the industry distribution chart, PT Pioneerindo Gourmet International Tbk ranks #999999 out of 72 companies in the Restaurants industry.
Is PT Pioneerindo Gourmet International Tbk's Net Current Asset Value too high?
PT Pioneerindo Gourmet International Tbk's current Net Current Asset Value is Rp-366.99. Based on the distribution chart, PT Pioneerindo Gourmet International Tbk ranks #999999 out of 72 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, PT Pioneerindo Gourmet International Tbk has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Pioneerindo Gourmet International Tbk's Net Current Asset Value compare to MCD and SBUX?
According to the Restaurants industry distribution chart, PT Pioneerindo Gourmet International Tbk ranks #999999 out of 72 companies for Net Current Asset Value. This places PT Pioneerindo Gourmet International Tbk in the lower half of its industry. The industry median Net Current Asset Value is 9.84. 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 Restaurants company?
The median Net Current Asset Value among Restaurants companies is 9.84, based on 72 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 Pioneerindo Gourmet International Tbk and its competitors. For the Restaurants industry, the median Net Current Asset Value is 9.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pioneerindo Gourmet International Tbk's current Net Current Asset Value is Rp-366.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pioneerindo Gourmet International Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pioneerindo Gourmet International Tbk (ISX:PTSP) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,112.56, compared to a current price of Rp870.00 — trading 21.8% below its estimated fair value. The current Net Current Asset Value is Rp-366.99. PT Pioneerindo Gourmet International Tbk's overall GF Score™ is 88/100 with 1 warning sign 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 Pioneerindo Gourmet International Tbk (ISX:PTSP), the current Net Current Asset Value is Rp-366.99 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 Pioneerindo Gourmet International Tbk (ISX:PTSP) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pioneerindo Gourmet International Tbk stock appears to be undervalued.
The current stock price of Rp870.00 is trading 21.8% below its estimated GF Value™ of Rp1,112.56.
GuruFocus considers PT Pioneerindo Gourmet International Tbk to be Modestly Undervalued.
Key valuation signals for ISX:PTSP:
Net Current Asset Value: Rp-366.99
GF Value™: Rp1,112.56 vs. price of Rp870.00 (21.8% below fair value)
No single metric tells the full story. See the ISX:PTSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pioneerindo Gourmet International Tbk Business Description
PT Pioneerindo Gourmet International Tbk is an Indonesian-based company engaged in the operation and management of fast-food restaurants. The operating segments are grouped into four strategic business units, which provide various products consisting of fried chicken (California Fried Chicken-CFC), oriental food (Sapo Oriental), donuts (Cal Donuts), and ramen (Sugakiya). The majority of the revenue is generated from the fried chicken segment. Its products include fried chicken, chicken strips, fried rice, noodles, burgers, soup, and various drinks.
88GF Score
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