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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.
ISX:AKPI's Price-to-Net-Net-Working-Capital is not ranked *
in the Packaging & Containers industry.
Industry Median: 5.945 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PT Argha Karya Prima Industry Tbk (ISX:AKPI) 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 Argha Karya Prima Industry Tbk Net-Net Working Capital Related Terms
PT Argha Karya Prima Industry 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 Argha Karya Prima Industry Tbk Net-Net Working Capital Chart
ISX:AKPI vs SW, PKG, IP: Net-Net Working Capital Comparison
For the Packaging & Containers subindustry, PT Argha Karya Prima Industry 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 Argha Karya Prima Industry Tbk Price-to-Net-Net-Working-Capital vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, PT Argha Karya Prima Industry Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Argha Karya Prima Industry 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 Rp-1,916.45 mean?
PT Argha Karya Prima Industry Tbk (ISX:AKPI) has a Net-Net Working Capital of Rp-1,916.45 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 Argha Karya Prima Industry Tbk According to the industry distribution chart, PT Argha Karya Prima Industry Tbk ranks #999999 out of 126 companies in the Packaging & Containers industry.
Is PT Argha Karya Prima Industry Tbk's Net-Net Working Capital too high?
PT Argha Karya Prima Industry Tbk's current Net-Net Working Capital is Rp-1,916.45. Based on the distribution chart, PT Argha Karya Prima Industry Tbk ranks #999999 out of 126 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, PT Argha Karya Prima Industry Tbk has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Argha Karya Prima Industry Tbk's Net-Net Working Capital compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, PT Argha Karya Prima Industry Tbk ranks #999999 out of 126 companies for Net-Net Working Capital. This places PT Argha Karya Prima Industry Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 5.95. 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 Packaging & Containers company?
The median Net-Net Working Capital among Packaging & Containers companies is 5.95, based on 126 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 Argha Karya Prima Industry Tbk For the Packaging & Containers industry, the median Net-Net Working Capital is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Argha Karya Prima Industry Tbk's current Net-Net Working Capital is Rp-1,916.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Argha Karya Prima Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Argha Karya Prima Industry Tbk (ISX:AKPI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp652.51, compared to a current price of Rp496.00 — trading 24% below its estimated fair value. The current Net-Net Working Capital is Rp-1,916.45. PT Argha Karya Prima Industry Tbk's overall GF Score™ is 64/100 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 Argha Karya Prima Industry Tbk (ISX:AKPI), the current Net-Net Working Capital is Rp-1,916.45 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 Argha Karya Prima Industry Tbk (ISX:AKPI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Argha Karya Prima Industry Tbk stock appears to be undervalued.
The current stock price of Rp496.00 is trading 24% below its estimated GF Value™ of Rp652.51.
GuruFocus considers PT Argha Karya Prima Industry Tbk to be Modestly Undervalued.
Key valuation signals for ISX:AKPI:
Net-Net Working Capital: Rp-1,916.45
GF Value™: Rp652.51 vs. price of Rp496.00 (24% below fair value)
No single metric tells the full story. See the ISX:AKPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressJl. Jend Sudirman Kav. 52-53, Kelurahan Senayan, Kecamatan Kebayoran Baru, Prosperity Tower, Floor 51, District 8, SCBD Lot. 28, Jakarta Selatan, Jakarta, IDN, 12190
PT Argha Karya Prima Industry Tbk is engaged in the production and distribution of flexible packaging of Biaxially Oriented Poly Propylene (BOPP) film and Polyester (PET) film. It produces plastic films based on Polypropylene (PP) and Polyethylene Terephthalate (PET), which are marketed in the form of BOPP (Biaxially Oriented Polypropylene), BOPET (Biaxially Oriented Polyethylene Terephthalate), and CPP (Cast Polypropylene). The company markets its products under the trademarks ARLENE is used for BOPP products, ARETA for BOPET or polyester products, and ARCYLENE for CPP products. Its products are applied, among others, for food packaging, cigarette packaging, paper lamination, labels, as well as various other packaging needs. It operates in two segments manufacturing and distribution.
64GF Score
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