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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:RMKO's Price-to-Net-Current-Asset-Value is not ranked *
in the Other Energy Sources industry.
Industry Median: 4.98 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
PT Royaltama Mulia Kontraktorindo Tbk (ISX:RMKO) 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 Royaltama Mulia Kontraktorindo Tbk Net Current Asset Value Related Terms
PT Royaltama Mulia Kontraktorindo 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 Royaltama Mulia Kontraktorindo Tbk Net Current Asset Value Chart
PT Royaltama Mulia Kontraktorindo Tbk Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
-33.99
-75.02
-154.26
-213.74
PT Royaltama Mulia Kontraktorindo Tbk Quarterly Data
PT Royaltama Mulia Kontraktorindo Tbk Net Current Asset Value Competitor Comparison
For the Thermal Coal subindustry, PT Royaltama Mulia Kontraktorindo 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 Royaltama Mulia Kontraktorindo Tbk Price-to-Net-Current-Asset-Value vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Royaltama Mulia Kontraktorindo Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Royaltama Mulia Kontraktorindo 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-254.49 mean?
PT Royaltama Mulia Kontraktorindo Tbk (ISX:RMKO) has a Net Current Asset Value of Rp-254.49 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 Royaltama Mulia Kontraktorindo Tbk and its competitors. According to the industry distribution chart, PT Royaltama Mulia Kontraktorindo Tbk ranks #999999 out of 81 companies in the Other Energy Sources industry.
Is PT Royaltama Mulia Kontraktorindo Tbk's Net Current Asset Value too high?
PT Royaltama Mulia Kontraktorindo Tbk's current Net Current Asset Value is Rp-254.49. Based on the distribution chart, PT Royaltama Mulia Kontraktorindo Tbk ranks #999999 out of 81 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, PT Royaltama Mulia Kontraktorindo Tbk has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Royaltama Mulia Kontraktorindo Tbk's Net Current Asset Value compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Royaltama Mulia Kontraktorindo Tbk ranks #999999 out of 81 companies for Net Current Asset Value. This places PT Royaltama Mulia Kontraktorindo Tbk in the lower half of its industry. The industry median Net Current Asset Value is 4.98. 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 an Other Energy Sources company?
The median Net Current Asset Value among Other Energy Sources companies is 4.98, based on 81 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 Royaltama Mulia Kontraktorindo Tbk and its competitors. For the Other Energy Sources industry, the median Net Current Asset Value is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Royaltama Mulia Kontraktorindo Tbk's current Net Current Asset Value is Rp-254.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Royaltama Mulia Kontraktorindo Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Royaltama Mulia Kontraktorindo Tbk (ISX:RMKO) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp354.40, compared to a current price of Rp308.00 — trading 13.1% below its estimated fair value. The current Net Current Asset Value is Rp-254.49. PT Royaltama Mulia Kontraktorindo Tbk's overall GF Score™ is 54/100 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 Royaltama Mulia Kontraktorindo Tbk (ISX:RMKO), the current Net Current Asset Value is Rp-254.49 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 Royaltama Mulia Kontraktorindo Tbk (ISX:RMKO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Royaltama Mulia Kontraktorindo Tbk stock appears to be undervalued.
The current stock price of Rp308.00 is trading 13.1% below its estimated GF Value™ of Rp354.40.
GuruFocus considers PT Royaltama Mulia Kontraktorindo Tbk to be Modestly Undervalued.
Key valuation signals for ISX:RMKO:
Net Current Asset Value: Rp-254.49
GF Value™: Rp354.40 vs. price of Rp308.00 (13.1% below fair value)
No single metric tells the full story. See the ISX:RMKO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Royaltama Mulia Kontraktorindo Tbk Business Description
PT Royaltama Mulia Kontraktorindo Tbk is engaged in mining support services and heavy equipment rental services. The company has broad competencies in the integrated coal business. Some of the expertise possessed by the Company, among others, is in the field of preparation of mining infrastructure, coal mining, preparation and construction of hauling roads, coal hauling services, preparation of embankment infrastructure to load coal at embankments, and rental of heavy equipment, among others. The company has three segments: Mining service segment, Rental service segment, and the Construction service segment. It derives maximum revenue from the Construction service segment.
54GF Score
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