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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.
PT Astra Graphia Tbk's Net-Net Working Capital for the quarter that ended in Jun. 2026 was Rp809.15.
The industry rank for PT Astra Graphia Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:ASGR's Price-to-Net-Net-Working-Capital is ranked better than 82.55% of 447
companies
in the Business Services industry
Industry Median: 5.57
vs ISX:ASGR: 2.21
PT Astra Graphia Tbk (ISX:ASGR) 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 Astra Graphia Tbk Net-Net Working Capital Related Terms
PT Astra Graphia Tbk Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PT Astra Graphia 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 Astra Graphia Tbk Net-Net Working Capital Chart
ISX:ASGR vs CTAS, CPRT, GPN: Net-Net Working Capital Comparison
For the Specialty Business Services subindustry, PT Astra Graphia 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 Astra Graphia Tbk Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, PT Astra Graphia Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Astra Graphia 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 Rp809.15 mean?
PT Astra Graphia Tbk (ISX:ASGR) has a Net-Net Working Capital of Rp809.15 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 Astra Graphia Tbk According to the industry distribution chart, PT Astra Graphia Tbk ranks #78 out of 447 companies in the Business Services industry, placing it in the top 17.4%.
Is PT Astra Graphia Tbk's Net-Net Working Capital too high?
PT Astra Graphia Tbk's current Net-Net Working Capital is Rp809.15. Based on the distribution chart, PT Astra Graphia Tbk ranks #78 out of 447 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, PT Astra Graphia Tbk has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Astra Graphia Tbk's Net-Net Working Capital compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PT Astra Graphia Tbk ranks #78 out of 447 companies for Net-Net Working Capital. This places PT Astra Graphia Tbk in the top 17% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.57. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.57, based on 447 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 Astra Graphia Tbk For the Business Services industry, the median Net-Net Working Capital is 5.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Astra Graphia Tbk's current Net-Net Working Capital is Rp809.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Astra Graphia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Astra Graphia Tbk (ISX:ASGR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp930.76, compared to a current price of Rp1,785.00 — trading 91.8% above its estimated fair value. The current Net-Net Working Capital is Rp809.15. PT Astra Graphia Tbk's overall GF Score™ is 69/100 with 5 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 Astra Graphia Tbk (ISX:ASGR), the current Net-Net Working Capital is Rp809.15 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 Astra Graphia Tbk (ISX:ASGR) Overvalued in 2026?
Based on GuruFocus' analysis, PT Astra Graphia Tbk stock appears to be overvalued.
The current stock price of Rp1,785.00 is trading 91.8% above its estimated GF Value™ of Rp930.76.
GuruFocus considers PT Astra Graphia Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ASGR:
Net-Net Working Capital: Rp809.15
GF Value™: Rp930.76 vs. price of Rp1,785.00 (91.8% above fair value)
No single metric tells the full story. See the ISX:ASGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Astra Graphia Tbk is an Indonesian company that offers document, information, and communication technology solutions. The company engages in trading, industrial and consulting services, office equipment and supplies contractor services, telecommunications, and investments in other entities. It also provides information and communication solutions such as digital printing services for variable data, office supplies, and office product delivery services. The company organizes its business into two segments: Document Solutions, Information Technology Solutions.
69GF Score
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