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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.
The industry rank for PT Pelita Teknologi Global Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:CHIP's Price-to-Net-Net-Working-Capital is ranked worse than 98.21% of 56
companies
in the Telecommunication Services industry
Industry Median: 5.865
vs ISX:CHIP: 189.44
PT Pelita Teknologi Global Tbk (ISX:CHIP) 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 Pelita Teknologi Global Tbk Net-Net Working Capital Related Terms
PT Pelita Teknologi Global 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 Pelita Teknologi Global Tbk Net-Net Working Capital Chart
ISX:CHIP vs VZ, TMUS, T: Net-Net Working Capital Comparison
For the Telecom Services subindustry, PT Pelita Teknologi Global 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 Pelita Teknologi Global Tbk Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PT Pelita Teknologi Global Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Pelita Teknologi Global 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 Rp4.83 mean?
PT Pelita Teknologi Global Tbk (ISX:CHIP) has a Net-Net Working Capital of Rp4.83 as of Dec. 2025. 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 Pelita Teknologi Global Tbk According to the industry distribution chart, PT Pelita Teknologi Global Tbk ranks #55 out of 56 companies in the Telecommunication Services industry, placing it in the top 98.2%.
Is PT Pelita Teknologi Global Tbk's Net-Net Working Capital too high?
PT Pelita Teknologi Global Tbk's current Net-Net Working Capital is Rp4.83. Based on the distribution chart, PT Pelita Teknologi Global Tbk ranks #55 out of 56 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, PT Pelita Teknologi Global Tbk has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Pelita Teknologi Global Tbk's Net-Net Working Capital compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, PT Pelita Teknologi Global Tbk ranks #55 out of 56 companies for Net-Net Working Capital. This places PT Pelita Teknologi Global Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 5.87. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 5.87, based on 56 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 Pelita Teknologi Global Tbk For the Telecommunication Services industry, the median Net-Net Working Capital is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pelita Teknologi Global Tbk's current Net-Net Working Capital is Rp4.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pelita Teknologi Global Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pelita Teknologi Global Tbk (ISX:CHIP) is currently considered Fairly Valued. The stock's GF Value™ is Rp947.57, compared to a current price of Rp915.00 — trading 3.4% below its estimated fair value. The current Net-Net Working Capital is Rp4.83. PT Pelita Teknologi Global Tbk's overall GF Score™ is 47/100 with 3 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 Pelita Teknologi Global Tbk (ISX:CHIP), the current Net-Net Working Capital is Rp4.83 as of Dec. 2025. 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 Pelita Teknologi Global Tbk (ISX:CHIP) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pelita Teknologi Global Tbk stock appears to be undervalued.
The current stock price of Rp915.00 is trading 3.4% below its estimated GF Value™ of Rp947.57.
GuruFocus considers PT Pelita Teknologi Global Tbk to be Fairly Valued.
Key valuation signals for ISX:CHIP:
Net-Net Working Capital: Rp4.83
GF Value™: Rp947.57 vs. price of Rp915.00 (3.4% below fair value)
No single metric tells the full story. See the ISX:CHIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pelita Teknologi Global Tbk is engaged in consulting, IT design, and the smart card industry, where the company manufactures and programs SIM Card Operating Systems, Produces Scratch cards for prepaid reloads and others. The company consists of two business activities namely Connectivity Solution which offers products such as SIM (Subscriber Identity Module) Card. IT Business Line and Application which offers programming services, such as Solutions covering end-to-end applications which includes software program development, program customization and others. It has four operating segments Operating System & SIM card, Scratch Card, Fulfillment, and Application in which it generates key revenue from Operating Systems & SIM cards.
47GF Score
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