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.
PTrana Mitra Luas TBK's Net-Net Working Capital for the quarter that ended in Jun. 2026 was Rp-19.05.
The industry rank for PTrana Mitra Luas TBK's Net-Net Working Capital or its related term are showing as below:
ISX:SMIL's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.7 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PTrana Mitra Luas TBK (ISX:SMIL) 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.
PTrana Mitra Luas TBK Net-Net Working Capital Related Terms
PTrana Mitra Luas TBK Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PTrana Mitra Luas 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.
PTrana Mitra Luas TBK Net-Net Working Capital Chart
ISX:SMIL vs URI, SUNB, AER: Net-Net Working Capital Comparison
For the Rental & Leasing Services subindustry, PTrana Mitra Luas 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.
PTrana Mitra Luas TBK Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, PTrana Mitra Luas TBK's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PTrana Mitra Luas 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-19.05 mean?
PTrana Mitra Luas TBK (ISX:SMIL) has a Net-Net Working Capital of Rp-19.05 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 PTrana Mitra Luas TBK According to the industry distribution chart, PTrana Mitra Luas TBK ranks #999999 out of 447 companies in the Business Services industry.
Is PTrana Mitra Luas TBK's Net-Net Working Capital too high?
PTrana Mitra Luas TBK's current Net-Net Working Capital is Rp-19.05. Based on the distribution chart, PTrana Mitra Luas TBK ranks #999999 out of 447 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, PTrana Mitra Luas TBK has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTrana Mitra Luas TBK's Net-Net Working Capital compare to URI and SUNB?
According to the Business Services industry distribution chart, PTrana Mitra Luas TBK ranks #999999 out of 447 companies for Net-Net Working Capital. This places PTrana Mitra Luas TBK in the lower half of its industry. The industry median Net-Net Working Capital is 5.70. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.70, based on 447 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 PTrana Mitra Luas TBK For the Business Services industry, the median Net-Net Working Capital is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTrana Mitra Luas TBK's current Net-Net Working Capital is Rp-19.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTrana Mitra Luas TBK stock overvalued right now?
Based on GuruFocus' analysis, PTrana Mitra Luas TBK (ISX:SMIL) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp276.69, compared to a current price of Rp380.00 — trading 37.3% above its estimated fair value. The current Net-Net Working Capital is Rp-19.05. PTrana Mitra Luas TBK's overall GF Score™ is 83/100 with 7 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 PTrana Mitra Luas TBK (ISX:SMIL), the current Net-Net Working Capital is Rp-19.05 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 PTrana Mitra Luas TBK (ISX:SMIL) Overvalued in 2026?
Based on GuruFocus' analysis, PTrana Mitra Luas TBK stock appears to be overvalued.
The current stock price of Rp380.00 is trading 37.3% above its estimated GF Value™ of Rp276.69.
GuruFocus considers PTrana Mitra Luas TBK to be Significantly Overvalued.
Key valuation signals for ISX:SMIL:
Net-Net Working Capital: Rp-19.05
GF Value™: Rp276.69 vs. price of Rp380.00 (37.3% above fair value)
No single metric tells the full story. See the ISX:SMIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Sarana Mitra Luas TBK is a forklift rental company with a total fleet of more than 3,000 units. Apart from rental, It also provides other material handling solutions such as selling and servicing forklifts. The company only has two business segments, namely forklift sales and rent services generating the majority revenue.
83GF Score
Get the complete analysis for ISX:SMIL
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:SMIL has been successfully added to your 
