PT Ifishdeco Tbk (ISX:IFSH) Net-Net Working Capital: Rp71.21 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ISX:IFSH PT Ifishdeco Tbk ISX:IFSH
93 GF Score
Price Rp1,285.00
GF Value Rp937.01
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is PT Ifishdeco Tbk Net-Net Working Capital?

PT Ifishdeco Tbk ISX:IFSH +8.90% 93 Net-Net Working Capital is Rp71.21 as of Mar. 2026. GuruFocus rates ISX:IFSH with a GF Score™ of 93/100 and a GF Value™ of Rp937.01 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,139 Metals & Mining companies, PT Ifishdeco Tbk ranks worse than 77.96% on this metric.

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 Ifishdeco Tbk's Net-Net Working Capital for the quarter that ended in Mar. 2026 was Rp71.21.

The industry rank for PT Ifishdeco Tbk's Net-Net Working Capital or its related term are showing as below:

ISX:IFSH's Price-to-Net-Net-Working-Capital is ranked worse than
77.96% of 1139 companies
in the Metals & Mining industry
Industry Median: 7.5 vs ISX:IFSH: 18.05

PT Ifishdeco Tbk  (ISX:IFSH) 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 Ifishdeco Tbk Net-Net Working Capital Related Terms


PT Ifishdeco Tbk Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for PT Ifishdeco 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 Ifishdeco Tbk Net-Net Working Capital Chart

PT Ifishdeco Tbk Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial -75.35 -9.39 29.84 35.44 49.37

PT Ifishdeco Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.43 20.34 28.84 49.37 71.21

PT Ifishdeco Tbk Net-Net Working Capital Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PT Ifishdeco 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 Ifishdeco Tbk Price-to-Net-Net-Working-Capital vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Ifishdeco Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where PT Ifishdeco Tbk's Price-to-Net-Net-Working-Capital falls into.


ISX:IFSH
93GF Score
PT Ifishdeco Tbk ISX:IFSH
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Ifishdeco Tbk Net-Net Working Capital Calculation

PT Ifishdeco Tbk's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(112302.124+0.75 * 241575.74+0.5 * 21655.49-147622.806
-0-61737.25)/1923.147
=49.37

PT Ifishdeco Tbk's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(175364.426+0.75 * 258419.692+0.5 * 788.948-171009.847
-0-61616.489)/1923.147
=71.21

* 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 Rp71.21 mean?
PT Ifishdeco Tbk (ISX:IFSH) has a Net-Net Working Capital of Rp71.21 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 Ifishdeco Tbk According to the industry distribution chart, PT Ifishdeco Tbk ranks #888 out of 1139 companies in the Metals & Mining industry, placing it in the top 78%.
Is PT Ifishdeco Tbk's Net-Net Working Capital too high?
PT Ifishdeco Tbk's current Net-Net Working Capital is Rp71.21. Based on the distribution chart, PT Ifishdeco Tbk ranks #888 out of 1139 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, PT Ifishdeco Tbk has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Ifishdeco Tbk's Net-Net Working Capital compare to competitors?
According to the Metals & Mining industry distribution chart, PT Ifishdeco Tbk ranks #888 out of 1139 companies for Net-Net Working Capital. This places PT Ifishdeco Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 7.50. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.50, based on 1,139 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 Ifishdeco Tbk For the Metals & Mining industry, the median Net-Net Working Capital is 7.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ifishdeco Tbk's current Net-Net Working Capital is Rp71.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ifishdeco Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ifishdeco Tbk (ISX:IFSH) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp937.01, compared to a current price of Rp1,285.00 — trading 37.1% above its estimated fair value. The current Net-Net Working Capital is Rp71.21. PT Ifishdeco Tbk's overall GF Score™ is 93/100 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 Ifishdeco Tbk (ISX:IFSH), the current Net-Net Working Capital is Rp71.21 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 Ifishdeco Tbk (ISX:IFSH) Overvalued in 2026?

Based on GuruFocus' analysis, PT Ifishdeco Tbk stock appears to be overvalued. The current stock price of Rp1,285.00 is trading 37.1% above its estimated GF Value™ of Rp937.01. GuruFocus considers PT Ifishdeco Tbk to be Significantly Overvalued.

Key valuation signals for ISX:IFSH:

  • Net-Net Working Capital: Rp71.21
  • GF Value™: Rp937.01 vs. price of Rp1,285.00 (37.1% above fair value)
  • GF Score™: 93/100 with 3 warning signs

No single metric tells the full story. See the ISX:IFSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Ifishdeco Tbk Business Description

Address Jl. Jenderal Sudirman No. 86, Gedung Sahid Sudirman Center Lantai 42 F, Karet Tengsin, Tanah Abang, Jakarta Pusat, Jakarta, IDN, 10220
PT Ifishdeco Tbk is a nickel mining company with its primary business as a nickel mine concession owner. It conducts nickel mining, exploration, development, production, and marketing of nickel ore in Indonesia. It is an integrated nickel mining and smelting company that caters to both international and domestic clients. It undertakes all activities from mining, exploration, development, production, transportation, trading, and sales of nickel ore. Its segments include Nickel mining and processing, Silica mining, and Mining services and others.
93GF Score

Get the complete analysis for ISX:IFSH

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp1,285.00
Price
Rp937.01
GF Value