PT Cerestar Indonesia Tbk (ISX:TRGU) Scaled Net Operating Assets: 0.85 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ISX:TRGU PT Cerestar Indonesia Tbk ISX:TRGU
45 GF Score
Price Rp165.00
GF Value Rp172.89
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is PT Cerestar Indonesia Tbk Scaled Net Operating Assets?

PT Cerestar Indonesia Tbk ISX:TRGU +1.23% 45 Scaled Net Operating Assets is 0.85 as of Mar. 2026. GuruFocus rates ISX:TRGU with a GF Score™ of 45/100 and a GF Value™ of Rp172.89 (Fairly Valued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Cerestar Indonesia Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp3,581,637 Mil. PT Cerestar Indonesia Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp774,741 Mil. PT Cerestar Indonesia Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp3,289,828 Mil. Therefore, PT Cerestar Indonesia Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.85.


PT Cerestar Indonesia Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Cerestar Indonesia Tbk's Scaled Net Operating Assets 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.

PT Cerestar Indonesia Tbk Scaled Net Operating Assets Chart

PT Cerestar Indonesia Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.20 1.27 0.79 0.82 0.84

PT Cerestar Indonesia Tbk Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.81 0.77 0.73 0.85

ISX:TRGU vs KHC, GIS: Scaled Net Operating Assets Comparison

For the Packaged Foods subindustry, PT Cerestar Indonesia Tbk's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Cerestar Indonesia Tbk Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Cerestar Indonesia Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Cerestar Indonesia Tbk's Scaled Net Operating Assets falls into.


ISX:TRGU
45GF Score
PT Cerestar Indonesia Tbk ISX:TRGU
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Cerestar Indonesia Tbk Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Cerestar Indonesia Tbk's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3288594.884-508662.593)/3329874.931
=0.83

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3289827.868 - 1232.984
=3288594.884

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2323817.104 - 322927.798 - 1492226.713
=508662.593

PT Cerestar Indonesia Tbk's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(3581636.85-774740.544)/3289827.868
=0.85

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3585741.527 - 4104.677
=3581636.85

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2624035.158 - 315480.33 - 1533814.284
=774740.544

* 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.

What does a Scaled Net Operating Assets of 0.85 mean?
PT Cerestar Indonesia Tbk (ISX:TRGU) has a Scaled Net Operating Assets of 0.85 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Cerestar Indonesia Tbk and its competitors.
Is PT Cerestar Indonesia Tbk's Scaled Net Operating Assets too high?
PT Cerestar Indonesia Tbk's current Scaled Net Operating Assets is 0.85. Overall, PT Cerestar Indonesia Tbk has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Cerestar Indonesia Tbk's Scaled Net Operating Assets compare to KHC and GIS?
PT Cerestar Indonesia Tbk's Scaled Net Operating Assets of 0.85 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Cerestar Indonesia Tbk and its competitors. PT Cerestar Indonesia Tbk's current Scaled Net Operating Assets is 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Cerestar Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Cerestar Indonesia Tbk (ISX:TRGU) is currently considered Fairly Valued. The stock's GF Value™ is Rp172.89, compared to a current price of Rp165.00 — trading 4.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.85. PT Cerestar Indonesia Tbk's overall GF Score™ is 45/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For PT Cerestar Indonesia Tbk (ISX:TRGU), the current Scaled Net Operating Assets is 0.85 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 Cerestar Indonesia Tbk (ISX:TRGU) Overvalued in 2026?

Based on GuruFocus' analysis, PT Cerestar Indonesia Tbk stock appears to be undervalued. The current stock price of Rp165.00 is trading 4.6% below its estimated GF Value™ of Rp172.89. GuruFocus considers PT Cerestar Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:TRGU:

  • Scaled Net Operating Assets: 0.85
  • GF Value™: Rp172.89 vs. price of Rp165.00 (4.6% below fair value)
  • GF Score™: 45/100 with 6 warning signs

No single metric tells the full story. See the ISX:TRGU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Cerestar Indonesia Tbk Business Description

Address Jalan M.H. Thamrin Nomor 81, The City Tower 28th Floor, Jakarta Pusat, IDN, 10310
PT Cerestar Indonesia Tbk is engaged in the flour industry and cereal/grain trading through subsidiaries and management consulting services. The Group reports segments based on operating divisions by main product produced in the form of wheat flour and animal feed, as well as flour and grain processing, and others.
45GF Score

Get the complete analysis for ISX:TRGU

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp165.00
Price
Rp172.89
GF Value