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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 Asri Karya Lestari Tbk's Net-Net Working Capital for the quarter that ended in Mar. 2026 was Rp3.60.
The industry rank for PT Asri Karya Lestari Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:ASLI's Price-to-Net-Net-Working-Capital is ranked worse than 93.7% of 476
companies
in the Construction industry
Industry Median: 6.295
vs ISX:ASLI: 54.44
PT Asri Karya Lestari Tbk (ISX:ASLI) 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 Asri Karya Lestari Tbk Net-Net Working Capital Related Terms
PT Asri Karya Lestari Tbk Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PT Asri Karya Lestari 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 Asri Karya Lestari Tbk Net-Net Working Capital Chart
ISX:ASLI vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, PT Asri Karya Lestari 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 Asri Karya Lestari Tbk Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, PT Asri Karya Lestari Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Asri Karya Lestari 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 Rp3.60 mean?
PT Asri Karya Lestari Tbk (ISX:ASLI) has a Net-Net Working Capital of Rp3.60 as of Mar. 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 Asri Karya Lestari Tbk According to the industry distribution chart, PT Asri Karya Lestari Tbk ranks #446 out of 476 companies in the Construction industry, placing it in the top 93.7%.
Is PT Asri Karya Lestari Tbk's Net-Net Working Capital too high?
PT Asri Karya Lestari Tbk's current Net-Net Working Capital is Rp3.60. Based on the distribution chart, PT Asri Karya Lestari Tbk ranks #446 out of 476 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PT Asri Karya Lestari Tbk has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does PT Asri Karya Lestari Tbk's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, PT Asri Karya Lestari Tbk ranks #446 out of 476 companies for Net-Net Working Capital. This places PT Asri Karya Lestari Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 6.30. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.30, based on 476 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 Asri Karya Lestari Tbk For the Construction industry, the median Net-Net Working Capital is 6.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Asri Karya Lestari Tbk's current Net-Net Working Capital is Rp3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Asri Karya Lestari Tbk stock overvalued right now?
PT Asri Karya Lestari Tbk (ISX:ASLI) has a current Net-Net Working Capital of Rp3.60. The current Net-Net Working Capital is Rp3.60. PT Asri Karya Lestari Tbk's overall GF Score™ is 42/100 with 4 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 Asri Karya Lestari Tbk (ISX:ASLI), the current Net-Net Working Capital is Rp3.60 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.
Addressblock b2, Jalan. Jalan. Jend. Ahmad Yani No.3, Kalimalang Commercial Center Shophouse, RT.001/RW.005, Kayuringin Jaya, South Bekasi District, West Java, Bekasi, IDN, 17144
PT Asri Karya Lestari Tbk is a national general contractor company. Its core business activities include services as a General Contractor, with a focus on foundation, erection, formwork, and road works. It has experience in executing and completing projects, including bridges, flyovers, buildings, toll gates, bus stops, pedestrian bridges (JPO), pelumpang pedestrian, mosques, and roads. The operational area covers the entire territory of the Republic of Indonesia. It operates through construction services and rental services segments. The construction services segment, which generates maximum revenue, engages in civil construction of bridges, elevated roads, flyovers, underpasses, roads, mechanical installations, water resources infrastructure, irrigation and drainage networks, and others.
42GF Score
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