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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:IPOL's Price-to-Net-Net-Working-Capital is not ranked *
in the Packaging & Containers industry.
Industry Median: 5.05 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) 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 Indopoly Swakarsa Industry Tbk Net-Net Working Capital Related Terms
PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk Net-Net Working Capital Chart
ISX:IPOL vs SW, PKG, IP: Net-Net Working Capital Comparison
For the Packaging & Containers subindustry, PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk Price-to-Net-Net-Working-Capital vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, PT Indopoly Swakarsa Industry Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Indopoly Swakarsa Industry 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-339.93 mean?
PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) has a Net-Net Working Capital of Rp-339.93 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 Indopoly Swakarsa Industry Tbk According to the industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #999999 out of 129 companies in the Packaging & Containers industry.
Is PT Indopoly Swakarsa Industry Tbk's Net-Net Working Capital too high?
PT Indopoly Swakarsa Industry Tbk's current Net-Net Working Capital is Rp-339.93. Based on the distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #999999 out of 129 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, PT Indopoly Swakarsa Industry Tbk has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Indopoly Swakarsa Industry Tbk's Net-Net Working Capital compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #999999 out of 129 companies for Net-Net Working Capital. This places PT Indopoly Swakarsa Industry Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 5.05. 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 Packaging & Containers company?
The median Net-Net Working Capital among Packaging & Containers companies is 5.05, based on 129 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 Indopoly Swakarsa Industry Tbk For the Packaging & Containers industry, the median Net-Net Working Capital is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indopoly Swakarsa Industry Tbk's current Net-Net Working Capital is Rp-339.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indopoly Swakarsa Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) is currently considered Possible Value Trap. The stock's GF Value™ is Rp165.55, compared to a current price of Rp106.00 — trading 36% below its estimated fair value. The current Net-Net Working Capital is Rp-339.93. PT Indopoly Swakarsa Industry Tbk's overall GF Score™ is 62/100 with 6 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL), the current Net-Net Working Capital is Rp-339.93 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk stock appears to be undervalued.
The current stock price of Rp106.00 is trading 36% below its estimated GF Value™ of Rp165.55.
GuruFocus considers PT Indopoly Swakarsa Industry Tbk to be Possible Value Trap.
Key valuation signals for ISX:IPOL:
Net-Net Working Capital: Rp-339.93
GF Value™: Rp165.55 vs. price of Rp106.00 (36% below fair value)
No single metric tells the full story. See the ISX:IPOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indopoly Swakarsa Industry Tbk Business Description
PT Indopoly Swakarsa Industry Tbk is an Indonesia-based company engaged in the manufacturing of biaxially-oriented polypropylene (BOPP) and biaxially-oriented polyester (BOPET) films for the flexible packaging industry. The company manufactures films that are being used in cigarette packaging, food packaging, non-food packaging, graphic media, green packaging, label, and other custom purposes. Its products are marketed under the brand name Ilene. The firm also manufactures specialty products such as oxo-biodegradable films, breathable films, and high barrier films. It offers its products to both the Indonesian market and international markets such as China, the United States, and others from which Indonesia derives a majority of its revenue to the company.
62GF Score
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