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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.
PTmudera Indonesia Tbk's Net-Net Working Capital for the quarter that ended in Jun. 2026 was Rp-342.70.
The industry rank for PTmudera Indonesia Tbk's Net-Net Working Capital or its related term are showing as below:
ISX:SMDR's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.43 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PTmudera Indonesia Tbk (ISX:SMDR) 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.
PTmudera Indonesia Tbk Net-Net Working Capital Related Terms
PTmudera Indonesia Tbk Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PTmudera Indonesia Tbk's Net-Net Working Capital can be seen below:
* 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.
PTmudera Indonesia Tbk Net-Net Working Capital Chart
PTmudera Indonesia Tbk Net-Net Working Capital Competitor Comparison
For the Marine Shipping subindustry, PTmudera 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.
PTmudera Indonesia Tbk Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, PTmudera Indonesia Tbk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PTmudera 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 Rp-342.70 mean?
PTmudera Indonesia Tbk (ISX:SMDR) has a Net-Net Working Capital of Rp-342.70 as of Jun. 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 PTmudera Indonesia Tbk According to the industry distribution chart, PTmudera Indonesia Tbk ranks #999999 out of 222 companies in the Transportation industry.
Is PTmudera Indonesia Tbk's Net-Net Working Capital too high?
PTmudera Indonesia Tbk's current Net-Net Working Capital is Rp-342.70. Based on the distribution chart, PTmudera Indonesia Tbk ranks #999999 out of 222 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PTmudera Indonesia Tbk has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PTmudera Indonesia Tbk's Net-Net Working Capital compare to competitors?
According to the Transportation industry distribution chart, PTmudera Indonesia Tbk ranks #999999 out of 222 companies for Net-Net Working Capital. This places PTmudera Indonesia Tbk in the lower half of its industry. The industry median Net-Net Working Capital is 6.43. 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 6.43, based on 222 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 PTmudera Indonesia Tbk For the Transportation industry, the median Net-Net Working Capital is 6.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTmudera Indonesia Tbk's current Net-Net Working Capital is Rp-342.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTmudera Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTmudera Indonesia Tbk (ISX:SMDR) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp351.36, compared to a current price of Rp312.00 — trading 11.2% below its estimated fair value. The current Net-Net Working Capital is Rp-342.70. PTmudera Indonesia Tbk's overall GF Score™ is 83/100 with 4 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 PTmudera Indonesia Tbk (ISX:SMDR), the current Net-Net Working Capital is Rp-342.70 as of Jun. 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 PTmudera Indonesia Tbk (ISX:SMDR) Overvalued in 2026?
Based on GuruFocus' analysis, PTmudera Indonesia Tbk stock appears to be undervalued.
The current stock price of Rp312.00 is trading 11.2% below its estimated GF Value™ of Rp351.36.
GuruFocus considers PTmudera Indonesia Tbk to be Modestly Undervalued.
Key valuation signals for ISX:SMDR:
Net-Net Working Capital: Rp-342.70
GF Value™: Rp351.36 vs. price of Rp312.00 (11.2% below fair value)
No single metric tells the full story. See the ISX:SMDR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Samudera Indonesia Tbk provides cargo transportation and integrated logistics services. It operates through the following business segments: Shipping and agency; Logistics and ports and Others. The company generates maximum revenue from the Shipping and agency segment. Geographically, it derives a majority of the revenue from Indonesia, while it also has its presence in Southeast Asia (except Indonesia); Middle East and India; and Others.
83GF Score
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