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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:CITY's Price-to-Net-Net-Working-Capital is ranked worse than 80.49% of 328
companies
in the Real Estate industry
Industry Median: 4.29
vs ISX:CITY: 14.19
PT Natura City Developments Tbk (ISX:CITY) 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 Natura City Developments Tbk Net-Net Working Capital Related Terms
PT Natura City Developments 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 Natura City Developments Tbk Net-Net Working Capital Chart
PT Natura City Developments Tbk Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, PT Natura City Developments 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 Natura City Developments Tbk Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Natura City Developments Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Natura City Developments 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 Rp11.70 mean?
PT Natura City Developments Tbk (ISX:CITY) has a Net-Net Working Capital of Rp11.70 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 Natura City Developments Tbk According to the industry distribution chart, PT Natura City Developments Tbk ranks #264 out of 328 companies in the Real Estate industry, placing it in the top 80.5%.
Is PT Natura City Developments Tbk's Net-Net Working Capital too high?
PT Natura City Developments Tbk's current Net-Net Working Capital is Rp11.70. Based on the distribution chart, PT Natura City Developments Tbk ranks #264 out of 328 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PT Natura City Developments Tbk has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Natura City Developments Tbk's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, PT Natura City Developments Tbk ranks #264 out of 328 companies for Net-Net Working Capital. This places PT Natura City Developments Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 4.29. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.29, based on 328 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 Natura City Developments Tbk For the Real Estate industry, the median Net-Net Working Capital is 4.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Natura City Developments Tbk's current Net-Net Working Capital is Rp11.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Natura City Developments Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Natura City Developments Tbk (ISX:CITY) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp136.04, compared to a current price of Rp166.00 — trading 22% above its estimated fair value. The current Net-Net Working Capital is Rp11.70. PT Natura City Developments Tbk's overall GF Score™ is 81/100 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 Natura City Developments Tbk (ISX:CITY), the current Net-Net Working Capital is Rp11.70 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.
Is PT Natura City Developments Tbk (ISX:CITY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Natura City Developments Tbk stock appears to be overvalued.
The current stock price of Rp166.00 is trading 22% above its estimated GF Value™ of Rp136.04.
GuruFocus considers PT Natura City Developments Tbk to be Modestly Overvalued.
Key valuation signals for ISX:CITY:
Net-Net Working Capital: Rp11.70
GF Value™: Rp136.04 vs. price of Rp166.00 (22% above fair value)
No single metric tells the full story. See the ISX:CITY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Natura City Developments Tbk Business Description
AddressJalan Jendral Sudirman Babakan Madang, SICC Tower, 3rd Floor, Jawa Barat, Sentul International Convention Center, Babakan Madang, Kabupaten Bogor, Sentul, IDN, 16810
PT Natura City Developments Tbk is a real estate development company. The company is engaged in the development of a commercial and residential area. The operating segments of the company include the real estate segment and the non-trade segment. The company generates maximum revenue from the Real Estate segment.
81GF Score
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