Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 FKS Multi Agro Tbk's Net-Net Working Capital for the quarter that ended in Mar. 2026 was Rp-361.76.
The industry rank for PT FKS Multi Agro Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:FISH's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Defensive industry.
Industry Median: 5.25 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PT FKS Multi Agro Tbk (ISX:FISH) 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 FKS Multi Agro Tbk Net-Net Working Capital Related Terms
PT FKS Multi Agro Tbk Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PT FKS Multi Agro 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 FKS Multi Agro Tbk Net-Net Working Capital Chart
ISX:FISH vs SYY, USFD, PFGC: Net-Net Working Capital Comparison
For the Food Distribution subindustry, PT FKS Multi Agro 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 FKS Multi Agro Tbk Price-to-Net-Net-Working-Capital vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, PT FKS Multi Agro Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT FKS Multi Agro 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-361.76 mean?
PT FKS Multi Agro Tbk (ISX:FISH) has a Net-Net Working Capital of Rp-361.76 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 FKS Multi Agro Tbk According to the industry distribution chart, PT FKS Multi Agro Tbk ranks #999999 out of 80 companies in the Retail - Defensive industry.
Is PT FKS Multi Agro Tbk's Net-Net Working Capital too high?
PT FKS Multi Agro Tbk's current Net-Net Working Capital is Rp-361.76. Based on the distribution chart, PT FKS Multi Agro Tbk ranks #999999 out of 80 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, PT FKS Multi Agro Tbk has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT FKS Multi Agro Tbk's Net-Net Working Capital compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, PT FKS Multi Agro Tbk ranks #999999 out of 80 companies for Net-Net Working Capital. This places PT FKS Multi Agro Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 5.25. 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 Retail - Defensive company?
The median Net-Net Working Capital among Retail - Defensive companies is 5.25, based on 80 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 FKS Multi Agro Tbk For the Retail - Defensive industry, the median Net-Net Working Capital is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT FKS Multi Agro Tbk's current Net-Net Working Capital is Rp-361.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT FKS Multi Agro Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT FKS Multi Agro Tbk (ISX:FISH) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp756.48, compared to a current price of Rp600.00 — trading 20.7% below its estimated fair value. The current Net-Net Working Capital is Rp-361.76. PT FKS Multi Agro Tbk's overall GF Score™ is 73/100 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 FKS Multi Agro Tbk (ISX:FISH), the current Net-Net Working Capital is Rp-361.76 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 FKS Multi Agro Tbk (ISX:FISH) Overvalued in 2026?
Based on GuruFocus' analysis, PT FKS Multi Agro Tbk stock appears to be undervalued.
The current stock price of Rp600.00 is trading 20.7% below its estimated GF Value™ of Rp756.48.
GuruFocus considers PT FKS Multi Agro Tbk to be Modestly Undervalued.
Key valuation signals for ISX:FISH:
Net-Net Working Capital: Rp-361.76
GF Value™: Rp756.48 vs. price of Rp600.00 (20.7% below fair value)
No single metric tells the full story. See the ISX:FISH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT FKS Multi Agro Tbk is engaged in the distribution and trading of grains, oilseeds, and feed ingredients. It supplies oilseed meals, animal protein meals, and co-products of grain milling for the animal feed industry. The company deals with food products such as rice, soybeans, and cooking oil. In addition, the company also provides a logistics solution for the importation and distribution of dry bulk commodities. The group's business activities are classified into three business segments, consisting of Trading and distribution, Manufacturing and logistics, of which the majority of the revenue is derived from the Trading and distribution segment. The organization generates key revenue from Indonesia.
73GF Score
Get the complete analysis for ISX:FISH
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:FISH has been successfully added to your 
