Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PT Argo Pantes TbkISX:ARGO +1.30%49 Net-Net Working Capital is Rp-288.78 as of Jun. 2026. GuruFocus rates ISX:ARGO with a GF Score™ of 49/100 and a GF Value™ of Rp804.49 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 371 Manufacturing - Apparel & Accessories companies, PT Argo Pantes Tbk ranks worse than 269541.51% on this metric.
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.
PT Argo Pantes Tbk's Net-Net Working Capital for the quarter that ended in Jun. 2026 was Rp-288.78.
The industry rank for PT Argo Pantes Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:ARGO's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.63 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PT Argo Pantes Tbk (ISX:ARGO) 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 Argo Pantes Tbk Net-Net Working Capital Related Terms
PT Argo Pantes Tbk Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PT Argo Pantes Tbk's Net-Net Working Capital can be seen below:
* 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 Argo Pantes Tbk Net-Net Working Capital Competitor Comparison
For the Textile Manufacturing subindustry, PT Argo Pantes 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 Argo Pantes Tbk Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Argo Pantes Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Argo Pantes 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-288.78 mean?
PT Argo Pantes Tbk (ISX:ARGO) has a Net-Net Working Capital of Rp-288.78 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 Argo Pantes Tbk According to the industry distribution chart, PT Argo Pantes Tbk ranks #999999 out of 371 companies in the Manufacturing - Apparel & Accessories industry.
Is PT Argo Pantes Tbk's Net-Net Working Capital too high?
PT Argo Pantes Tbk's current Net-Net Working Capital is Rp-288.78. Based on the distribution chart, PT Argo Pantes Tbk ranks #999999 out of 371 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, PT Argo Pantes Tbk has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Argo Pantes Tbk's Net-Net Working Capital compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Argo Pantes Tbk ranks #999999 out of 371 companies for Net-Net Working Capital. This places PT Argo Pantes Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 5.63. 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 Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.63, based on 371 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 Argo Pantes Tbk For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Argo Pantes Tbk's current Net-Net Working Capital is Rp-288.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Argo Pantes Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Argo Pantes Tbk (ISX:ARGO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp804.49, compared to a current price of Rp1,170.00 — trading 45.4% above its estimated fair value. The current Net-Net Working Capital is Rp-288.78. PT Argo Pantes Tbk's overall GF Score™ is 49/100 with 10 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 Argo Pantes Tbk (ISX:ARGO), the current Net-Net Working Capital is Rp-288.78 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 Argo Pantes Tbk (ISX:ARGO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Argo Pantes Tbk stock appears to be overvalued.
The current stock price of Rp1,170.00 is trading 45.4% above its estimated GF Value™ of Rp804.49.
GuruFocus considers PT Argo Pantes Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ARGO:
Net-Net Working Capital: Rp-288.78
GF Value™: Rp804.49 vs. price of Rp1,170.00 (45.4% above fair value)
No single metric tells the full story. See the ISX:ARGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sale of finished fabric, knitwear, and garments. The company has two operating segments, which include the textile industry and the rental, of which the majority of the revenue derives from the leasing of warehouse facilities located in strategic industrial and commercial hubs in Tangerang and Bekasi. The Company's revenue from its warehouse business is categorized into four segments: (1) cooperation income, (2) rent income, (3) energy, and (4) local.
49GF Score
Get the complete analysis for ISX:ARGO
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:ARGO has been successfully added to your 
