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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:INDO's Price-to-Net-Net-Working-Capital is ranked better than 85.92% of 206
companies
in the Travel & Leisure industry
Industry Median: 5.995
vs ISX:INDO: 1.76
PT Royalindo Investa Wijaya Tbk (ISX:INDO) 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 Royalindo Investa Wijaya Tbk Net-Net Working Capital Related Terms
PT Royalindo Investa Wijaya 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 Royalindo Investa Wijaya Tbk Net-Net Working Capital Chart
ISX:INDO vs MAR, HLT, H: Net-Net Working Capital Comparison
For the Lodging subindustry, PT Royalindo Investa Wijaya 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 Royalindo Investa Wijaya Tbk Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PT Royalindo Investa Wijaya Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Royalindo Investa Wijaya 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 Rp105.81 mean?
PT Royalindo Investa Wijaya Tbk (ISX:INDO) has a Net-Net Working Capital of Rp105.81 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 Royalindo Investa Wijaya Tbk According to the industry distribution chart, PT Royalindo Investa Wijaya Tbk ranks #29 out of 206 companies in the Travel & Leisure industry, placing it in the top 14.1%.
Is PT Royalindo Investa Wijaya Tbk's Net-Net Working Capital too high?
PT Royalindo Investa Wijaya Tbk's current Net-Net Working Capital is Rp105.81. Based on the distribution chart, PT Royalindo Investa Wijaya Tbk ranks #29 out of 206 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, PT Royalindo Investa Wijaya Tbk has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Royalindo Investa Wijaya Tbk's Net-Net Working Capital compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, PT Royalindo Investa Wijaya Tbk ranks #29 out of 206 companies for Net-Net Working Capital. This places PT Royalindo Investa Wijaya Tbk in the top 14% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.00. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.00, based on 206 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 Royalindo Investa Wijaya Tbk For the Travel & Leisure industry, the median Net-Net Working Capital is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Royalindo Investa Wijaya Tbk's current Net-Net Working Capital is Rp105.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Royalindo Investa Wijaya Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Royalindo Investa Wijaya Tbk (ISX:INDO) is currently considered Fairly Valued. The stock's GF Value™ is Rp185.41, compared to a current price of Rp186.00 — trading 0.3% above its estimated fair value. The current Net-Net Working Capital is Rp105.81. PT Royalindo Investa Wijaya Tbk's overall GF Score™ is 86/100 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 Royalindo Investa Wijaya Tbk (ISX:INDO), the current Net-Net Working Capital is Rp105.81 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 Royalindo Investa Wijaya Tbk (ISX:INDO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Royalindo Investa Wijaya Tbk stock appears to be overvalued.
The current stock price of Rp186.00 is trading 0.3% above its estimated GF Value™ of Rp185.41.
GuruFocus considers PT Royalindo Investa Wijaya Tbk to be Fairly Valued.
Key valuation signals for ISX:INDO:
Net-Net Working Capital: Rp105.81
GF Value™: Rp185.41 vs. price of Rp186.00 (0.3% above fair value)
No single metric tells the full story. See the ISX:INDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Royalindo Investa Wijaya Tbk is engaged in Trade, Real Estate, and Services. Trading involves Wholesale trade, building materials and supplies, metals for construction materials, Real estate includes ownership or leasing of real estate and tourist areas, including the business of buying, selling, renting, and operating real estate such as apartment buildings, residential buildings, and non-residential buildings (such as exhibitions, private storage facilities, malls, shopping centers. Services includes management consulting activities including consultancy advice, business and operational guidance and company's activity events. It operates in single segment.
86GF Score
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