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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 Andalan Perkasa Abadi Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:NASA's Price-to-Net-Net-Working-Capital is ranked worse than 68.29% of 328
companies
in the Real Estate industry
Industry Median: 4.295
vs ISX:NASA: 8.29
PT Andalan Perkasa Abadi Tbk (ISX:NASA) 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 Andalan Perkasa Abadi Tbk Net-Net Working Capital Related Terms
PT Andalan Perkasa Abadi 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 Andalan Perkasa Abadi Tbk Net-Net Working Capital Chart
PT Andalan Perkasa Abadi Tbk Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, PT Andalan Perkasa Abadi 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 Andalan Perkasa Abadi Tbk Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Andalan Perkasa Abadi Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PT Andalan Perkasa Abadi 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 Rp3.74 mean?
PT Andalan Perkasa Abadi Tbk (ISX:NASA) has a Net-Net Working Capital of Rp3.74 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 Andalan Perkasa Abadi Tbk According to the industry distribution chart, PT Andalan Perkasa Abadi Tbk ranks #224 out of 328 companies in the Real Estate industry, placing it in the top 68.3%.
Is PT Andalan Perkasa Abadi Tbk's Net-Net Working Capital too high?
PT Andalan Perkasa Abadi Tbk's current Net-Net Working Capital is Rp3.74. Based on the distribution chart, PT Andalan Perkasa Abadi Tbk ranks #224 out of 328 companies in the Real Estate industry, which is below the industry midpoint. Overall, PT Andalan Perkasa Abadi Tbk has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Andalan Perkasa Abadi Tbk's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, PT Andalan Perkasa Abadi Tbk ranks #224 out of 328 companies for Net-Net Working Capital. This places PT Andalan Perkasa Abadi Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 4.30. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.30, based on 328 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 Andalan Perkasa Abadi Tbk For the Real Estate industry, the median Net-Net Working Capital is 4.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Andalan Perkasa Abadi Tbk's current Net-Net Working Capital is Rp3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Andalan Perkasa Abadi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Andalan Perkasa Abadi Tbk (ISX:NASA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp9.09, compared to a current price of Rp31.00 — trading 241% above its estimated fair value. The current Net-Net Working Capital is Rp3.74. PT Andalan Perkasa Abadi Tbk's overall GF Score™ is 75/100 with 2 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 Andalan Perkasa Abadi Tbk (ISX:NASA), the current Net-Net Working Capital is Rp3.74 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 Andalan Perkasa Abadi Tbk (ISX:NASA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Andalan Perkasa Abadi Tbk stock appears to be overvalued.
The current stock price of Rp31.00 is trading 241% above its estimated GF Value™ of Rp9.09.
GuruFocus considers PT Andalan Perkasa Abadi Tbk to be Significantly Overvalued.
Key valuation signals for ISX:NASA:
Net-Net Working Capital: Rp3.74
GF Value™: Rp9.09 vs. price of Rp31.00 (241% above fair value)
No single metric tells the full story. See the ISX:NASA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Andalan Perkasa Abadi Tbk is engaged in construction, services, trade, and industry sectors. It operates as a real estate developer and contractor providing building facilities and infrastructures, planning, building, renting, selling and operating real estate, integrated areas, office centers, buildings, housing, offices, apartments, industry, hotels, hospitals, shopping centers, sports facilities centers, and supporting facilities include but are not limited to golf courses, clubs, restaurants, entertainment venues and their facilities. It also provides other management consulting activities include the provision of advisory assistance, guidance, business operations, other organizational and management issues.
75GF Score
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