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.
ISX:KIOS's Price-to-Net-Net-Working-Capital is ranked worse than 62.29% of 1257
companies
in the Software industry
Industry Median: 7.08
vs ISX:KIOS: 10.29
PT Kioson Komersial Indonesia Tbk (ISX:KIOS) 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 Kioson Komersial Indonesia Tbk Net-Net Working Capital Related Terms
PT Kioson Komersial Indonesia 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 Kioson Komersial Indonesia Tbk Net-Net Working Capital Chart
ISX:KIOS vs QH, SHOP, UBER: Net-Net Working Capital Comparison
For the Software - Application subindustry, PT Kioson Komersial Indonesia 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 Kioson Komersial Indonesia Tbk Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, PT Kioson Komersial Indonesia Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Kioson Komersial Indonesia 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 Rp9.62 mean?
PT Kioson Komersial Indonesia Tbk (ISX:KIOS) has a Net-Net Working Capital of Rp9.62 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 Kioson Komersial Indonesia Tbk According to the industry distribution chart, PT Kioson Komersial Indonesia Tbk ranks #783 out of 1257 companies in the Software industry, placing it in the top 62.3%.
Is PT Kioson Komersial Indonesia Tbk's Net-Net Working Capital too high?
PT Kioson Komersial Indonesia Tbk's current Net-Net Working Capital is Rp9.62. Based on the distribution chart, PT Kioson Komersial Indonesia Tbk ranks #783 out of 1257 companies in the Software industry, which is below the industry midpoint. Overall, PT Kioson Komersial Indonesia Tbk has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Kioson Komersial Indonesia Tbk's Net-Net Working Capital compare to QH and SHOP?
According to the Software industry distribution chart, PT Kioson Komersial Indonesia Tbk ranks #783 out of 1257 companies for Net-Net Working Capital. This places PT Kioson Komersial Indonesia Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 7.08. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.08, based on 1,257 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 Kioson Komersial Indonesia Tbk For the Software industry, the median Net-Net Working Capital is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Kioson Komersial Indonesia Tbk's current Net-Net Working Capital is Rp9.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Kioson Komersial Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Kioson Komersial Indonesia Tbk (ISX:KIOS) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp3.23, compared to a current price of Rp99.00 — trading 2965% above its estimated fair value. The current Net-Net Working Capital is Rp9.62. PT Kioson Komersial Indonesia Tbk's overall GF Score™ is 52/100 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 Kioson Komersial Indonesia Tbk (ISX:KIOS), the current Net-Net Working Capital is Rp9.62 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 Kioson Komersial Indonesia Tbk (ISX:KIOS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Kioson Komersial Indonesia Tbk stock appears to be overvalued.
The current stock price of Rp99.00 is trading 2965% above its estimated GF Value™ of Rp3.23.
GuruFocus considers PT Kioson Komersial Indonesia Tbk to be Significantly Overvalued.
Key valuation signals for ISX:KIOS:
Net-Net Working Capital: Rp9.62
GF Value™: Rp3.23 vs. price of Rp99.00 (2965% above fair value)
No single metric tells the full story. See the ISX:KIOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Kioson Komersial Indonesia Tbk is engaged in a variety of business operations spanning ecommerce, technology, and fund transfers or remittances. Its products and services, namely: Kioson App: A digital platform facilitating online business for Indonesians; RetailKita: A subsidiary focusing on retail services; Gudang Pintar: A subsidiary providing smart warehousing solutions. It operates in one reportable segment which is technology and digital products.
52GF Score
Get the complete analysis for ISX:KIOS
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:KIOS has been successfully added to your 
