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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
FRA:07K's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 4.53 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PT Krakatau Steel (Persero) Tbk (FRA:07K) Net-Net Working Capital Explanation
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 Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
PT Krakatau Steel (Persero) Tbk Net-Net Working Capital Related Terms
PT Krakatau Steel (Persero) Tbk Net-Net Working Capital 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 Krakatau Steel (Persero) Tbk Net-Net Working Capital Chart
FRA:07K vs NUE, STLD, RS: Net-Net Working Capital Comparison
For the Steel subindustry, PT Krakatau Steel (Persero) Tbk's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 Krakatau Steel (Persero) Tbk Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, PT Krakatau Steel (Persero) Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Krakatau Steel (Persero) Tbk's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of €-0.08 mean?
PT Krakatau Steel (Persero) Tbk (FRA:07K) has a Net-Net Working Capital of €-0.08 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on PT Krakatau Steel (Persero) Tbk According to the industry distribution chart, PT Krakatau Steel (Persero) Tbk ranks #999999 out of 177 companies in the Steel industry.
Is PT Krakatau Steel (Persero) Tbk's Net-Net Working Capital too high?
PT Krakatau Steel (Persero) Tbk's current Net-Net Working Capital is €-0.08. Based on the distribution chart, PT Krakatau Steel (Persero) Tbk ranks #999999 out of 177 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, PT Krakatau Steel (Persero) Tbk has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does PT Krakatau Steel (Persero) Tbk's Net-Net Working Capital compare to NUE and STLD?
According to the Steel industry distribution chart, PT Krakatau Steel (Persero) Tbk ranks #999999 out of 177 companies for Net-Net Working Capital. This places PT Krakatau Steel (Persero) Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 4.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Steel company?
The median Net-Net Working Capital among Steel companies is 4.53, based on 177 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on PT Krakatau Steel (Persero) Tbk For the Steel industry, the median Net-Net Working Capital is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Krakatau Steel (Persero) Tbk's current Net-Net Working Capital is €-0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Krakatau Steel (Persero) Tbk stock overvalued right now?
PT Krakatau Steel (Persero) Tbk (FRA:07K) has a current Net-Net Working Capital of €-0.08. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 20% below its estimated fair value. The current Net-Net Working Capital is €-0.08. PT Krakatau Steel (Persero) Tbk's overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For PT Krakatau Steel (Persero) Tbk (FRA:07K), the current Net-Net Working Capital is €-0.08 as of Jun. 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 Krakatau Steel (Persero) Tbk (FRA:07K) Overvalued in 2026?
Based on GuruFocus' analysis, PT Krakatau Steel (Persero) Tbk stock appears to be undervalued.
The current stock price of €0.01 is trading 20% below its estimated GF Value™ of €0.01.
Key valuation signals for FRA:07K:
Net-Net Working Capital: €-0.08
GF Value™: €0.01 vs. price of €0.01 (20% below fair value)
No single metric tells the full story. See the FRA:07K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Krakatau Steel (Persero) Tbk is a steel producer in Indonesia. The company's products include Hot Rolled Coil, Cold Rolled Coil, and Wire Rod. Along with its subsidiaries, The Company's core business activities include the production and sale of steel products, such as Hot Rolled Coil (HRC), Cold Rolled Coil (CRC), wire rods, steel pipes, steel sections, and reinforcing bars, as well as related services including coating and tolling. It operates in four segments: Steel Products; Infrastructure facilities segment; Engineering and Construction; and Other Services. It derives the majority of its revenue from the Steel Products segment.
51GF Score
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