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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 Dwi Guna Laksana Tbk's Net-Net Working Capital for the quarter that ended in Jun. 2026 was Rp-16.55.
The industry rank for PT Dwi Guna Laksana Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:DWGL's Price-to-Net-Net-Working-Capital is not ranked *
in the Other Energy Sources industry.
Industry Median: 7.305 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PT Dwi Guna Laksana Tbk (ISX:DWGL) 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 Dwi Guna Laksana Tbk Net-Net Working Capital Related Terms
PT Dwi Guna Laksana Tbk Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PT Dwi Guna Laksana 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 Dwi Guna Laksana Tbk Net-Net Working Capital Chart
PT Dwi Guna Laksana Tbk Net-Net Working Capital Competitor Comparison
For the Thermal Coal subindustry, PT Dwi Guna Laksana 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 Dwi Guna Laksana Tbk Price-to-Net-Net-Working-Capital vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Dwi Guna Laksana Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Dwi Guna Laksana 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-16.55 mean?
PT Dwi Guna Laksana Tbk (ISX:DWGL) has a Net-Net Working Capital of Rp-16.55 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 Dwi Guna Laksana Tbk According to the industry distribution chart, PT Dwi Guna Laksana Tbk ranks #999999 out of 66 companies in the Other Energy Sources industry.
Is PT Dwi Guna Laksana Tbk's Net-Net Working Capital too high?
PT Dwi Guna Laksana Tbk's current Net-Net Working Capital is Rp-16.55. Based on the distribution chart, PT Dwi Guna Laksana Tbk ranks #999999 out of 66 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, PT Dwi Guna Laksana Tbk has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Dwi Guna Laksana Tbk's Net-Net Working Capital compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Dwi Guna Laksana Tbk ranks #999999 out of 66 companies for Net-Net Working Capital. This places PT Dwi Guna Laksana Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 7.31. 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 an Other Energy Sources company?
The median Net-Net Working Capital among Other Energy Sources companies is 7.31, based on 66 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 Dwi Guna Laksana Tbk For the Other Energy Sources industry, the median Net-Net Working Capital is 7.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Dwi Guna Laksana Tbk's current Net-Net Working Capital is Rp-16.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Dwi Guna Laksana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Dwi Guna Laksana Tbk (ISX:DWGL) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp234.11, compared to a current price of Rp350.00 — trading 49.5% above its estimated fair value. The current Net-Net Working Capital is Rp-16.55. PT Dwi Guna Laksana Tbk's overall GF Score™ is 87/100 with 1 warning sign 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 Dwi Guna Laksana Tbk (ISX:DWGL), the current Net-Net Working Capital is Rp-16.55 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 Dwi Guna Laksana Tbk (ISX:DWGL) Overvalued in 2026?
Based on GuruFocus' analysis, PT Dwi Guna Laksana Tbk stock appears to be overvalued.
The current stock price of Rp350.00 is trading 49.5% above its estimated GF Value™ of Rp234.11.
GuruFocus considers PT Dwi Guna Laksana Tbk to be Significantly Overvalued.
Key valuation signals for ISX:DWGL:
Net-Net Working Capital: Rp-16.55
GF Value™: Rp234.11 vs. price of Rp350.00 (49.5% above fair value)
No single metric tells the full story. See the ISX:DWGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Dwi Guna Laksana Tbk provides coal mining services in Indonesia. The company is focused on Coal mining and trading and logistics, specializing in supplying thermal coal to Perusahaan Listrik Negara (PLN) power plants. It operates around 412.8-hectare concession in South Kalimantan, supporting energy infrastructure across Indonesia, including Java, Bali, and Sulawesi.
87GF Score
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