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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.
The industry rank for PT Mitrabara Adiperdana Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:MBAP's Price-to-Net-Net-Working-Capital is ranked worse than 66.15% of 65
companies
in the Other Energy Sources industry
Industry Median: 7.8
vs ISX:MBAP: 10.03
PT Mitrabara Adiperdana Tbk (ISX:MBAP) 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 Mitrabara Adiperdana Tbk Net-Net Working Capital Related Terms
PT Mitrabara Adiperdana 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 Mitrabara Adiperdana Tbk Net-Net Working Capital Chart
PT Mitrabara Adiperdana Tbk Net-Net Working Capital Competitor Comparison
For the Thermal Coal subindustry, PT Mitrabara Adiperdana 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 Mitrabara Adiperdana Tbk Price-to-Net-Net-Working-Capital vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Mitrabara Adiperdana Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Mitrabara Adiperdana 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 Rp141.56 mean?
PT Mitrabara Adiperdana Tbk (ISX:MBAP) has a Net-Net Working Capital of Rp141.56 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 Mitrabara Adiperdana Tbk According to the industry distribution chart, PT Mitrabara Adiperdana Tbk ranks #43 out of 65 companies in the Other Energy Sources industry, placing it in the top 66.2%.
Is PT Mitrabara Adiperdana Tbk's Net-Net Working Capital too high?
PT Mitrabara Adiperdana Tbk's current Net-Net Working Capital is Rp141.56. Based on the distribution chart, PT Mitrabara Adiperdana Tbk ranks #43 out of 65 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, PT Mitrabara Adiperdana Tbk has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mitrabara Adiperdana Tbk's Net-Net Working Capital compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Mitrabara Adiperdana Tbk ranks #43 out of 65 companies for Net-Net Working Capital. This places PT Mitrabara Adiperdana Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 7.80. 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 an Other Energy Sources company?
The median Net-Net Working Capital among Other Energy Sources companies is 7.80, based on 65 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 Mitrabara Adiperdana Tbk For the Other Energy Sources industry, the median Net-Net Working Capital is 7.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mitrabara Adiperdana Tbk's current Net-Net Working Capital is Rp141.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mitrabara Adiperdana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mitrabara Adiperdana Tbk (ISX:MBAP) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,929.18, compared to a current price of Rp1,420.00 — trading 26.4% below its estimated fair value. The current Net-Net Working Capital is Rp141.56. PT Mitrabara Adiperdana Tbk's overall GF Score™ is 65/100 with 9 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 Mitrabara Adiperdana Tbk (ISX:MBAP), the current Net-Net Working Capital is Rp141.56 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 Mitrabara Adiperdana Tbk (ISX:MBAP) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mitrabara Adiperdana Tbk stock appears to be undervalued.
The current stock price of Rp1,420.00 is trading 26.4% below its estimated GF Value™ of Rp1,929.18.
GuruFocus considers PT Mitrabara Adiperdana Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MBAP:
Net-Net Working Capital: Rp141.56
GF Value™: Rp1,929.18 vs. price of Rp1,420.00 (26.4% below fair value)
No single metric tells the full story. See the ISX:MBAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mitrabara Adiperdana Tbk is an Indonesian mining company. The principal activities of the company are Coal mining and Trading. The company has four operating segment, such as coal, mining services, agriculture and others.
65GF Score
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