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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:IPCC's Price-to-Net-Net-Working-Capital is ranked better than 62.1% of 219
companies
in the Transportation industry
Industry Median: 5.92
vs ISX:IPCC: 4.26
PT Indonesia Kendaraan Terminal Tbk (ISX:IPCC) 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 Indonesia Kendaraan Terminal Tbk Net-Net Working Capital Related Terms
PT Indonesia Kendaraan Terminal 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 Indonesia Kendaraan Terminal Tbk Net-Net Working Capital Chart
ISX:IPCC vs UPS, FDX, JBHT: Net-Net Working Capital Comparison
For the Integrated Freight & Logistics subindustry, PT Indonesia Kendaraan Terminal 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 Indonesia Kendaraan Terminal Tbk Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, PT Indonesia Kendaraan Terminal Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Indonesia Kendaraan Terminal 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 Rp283.95 mean?
PT Indonesia Kendaraan Terminal Tbk (ISX:IPCC) has a Net-Net Working Capital of Rp283.95 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 Indonesia Kendaraan Terminal Tbk According to the industry distribution chart, PT Indonesia Kendaraan Terminal Tbk ranks #83 out of 219 companies in the Transportation industry, placing it in the top 37.9%.
Is PT Indonesia Kendaraan Terminal Tbk's Net-Net Working Capital too high?
PT Indonesia Kendaraan Terminal Tbk's current Net-Net Working Capital is Rp283.95. Based on the distribution chart, PT Indonesia Kendaraan Terminal Tbk ranks #83 out of 219 companies in the Transportation industry, which is above the industry midpoint. Overall, PT Indonesia Kendaraan Terminal Tbk has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indonesia Kendaraan Terminal Tbk's Net-Net Working Capital compare to UPS and FDX?
According to the Transportation industry distribution chart, PT Indonesia Kendaraan Terminal Tbk ranks #83 out of 219 companies for Net-Net Working Capital. This puts PT Indonesia Kendaraan Terminal Tbk in the upper half of its industry. The industry median Net-Net Working Capital is 5.92. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 5.92, based on 219 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 Indonesia Kendaraan Terminal Tbk For the Transportation industry, the median Net-Net Working Capital is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indonesia Kendaraan Terminal Tbk's current Net-Net Working Capital is Rp283.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indonesia Kendaraan Terminal Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indonesia Kendaraan Terminal Tbk (ISX:IPCC) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp913.23, compared to a current price of Rp1,210.00 — trading 32.5% above its estimated fair value. The current Net-Net Working Capital is Rp283.95. PT Indonesia Kendaraan Terminal Tbk's overall GF Score™ is 92/100 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 Indonesia Kendaraan Terminal Tbk (ISX:IPCC), the current Net-Net Working Capital is Rp283.95 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 Indonesia Kendaraan Terminal Tbk (ISX:IPCC) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indonesia Kendaraan Terminal Tbk stock appears to be overvalued.
The current stock price of Rp1,210.00 is trading 32.5% above its estimated GF Value™ of Rp913.23.
GuruFocus considers PT Indonesia Kendaraan Terminal Tbk to be Significantly Overvalued.
Key valuation signals for ISX:IPCC:
Net-Net Working Capital: Rp283.95
GF Value™: Rp913.23 vs. price of Rp1,210.00 (32.5% above fair value)
No single metric tells the full story. See the ISX:IPCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indonesia Kendaraan Terminal Tbk Business Description
PT Indonesia Kendaraan Terminal Tbk is an Indonesia-based company that engages in the provision of vehicle terminal services and goods services. The company offers stevedoring, cargodoring, receiving, delivery, terminal Handling, value-added services, sea toll Services, and other loading and unloading services. The company operates in two segments namely terminal services & cargo services; miscellaneous, facilities & utility services, and non-segment, from which, terminal services & cargo services account for the majority of the revenue. The company's geographical segments include Jakarta, North Sumatra, South Sulawes, West Kalimatan, East Kalimatan, South Kalimatan, and East Java, out of which the majority of the revenue is generated from Jakarta.
92GF Score
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