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PT Jasa Marga (Persero) TbkPTJSY 71 Debt-to-Equity is 2.03 as of Mar. 2026, which is 6% below its 10-year median of 2.15. GuruFocus rates PTJSY with a GF Score™ of 71/100 and a GF Value™ of $4.70 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,611 Construction companies, PT Jasa Marga (Persero) Tbk ranks worse than 90.94% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for PT Jasa Marga (Persero) Tbk's Debt-to-Equity or its related term are showing as below:
PTJSY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.62 Med: 2.15 Max: 3.43
Current: 2.03
During the past 13 years, the highest Debt-to-Equity Ratio of PT Jasa Marga (Persero) Tbk was 3.43. The lowest was 1.62. And the median was 2.15.
PTJSY's Debt-to-Equity is ranked worse than 90.94% of 1611
companies
in the Construction industry
Industry Median: 0.4
vs PTJSY: 2.03
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
PT Jasa Marga (Persero) Tbk Debt-to-Equity Related Terms
PT Jasa Marga (Persero) Tbk Debt-to-Equity 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.
For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) Tbk's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Jasa Marga (Persero) Tbk Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where PT Jasa Marga (Persero) Tbk's Debt-to-Equity 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.
PT Jasa Marga (Persero) Tbk (PTJSY) has a Debt-to-Equity of 2.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Jasa Marga (Persero) Tbk and its competitors. This is near median its historical median of 2.15. Over the past decade, PT Jasa Marga (Persero) Tbk's Debt-to-Equity has ranged from 1.62 to 3.43. According to the industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #1465 out of 1611 companies in the Construction industry, placing it in the top 90.9%.
Is PT Jasa Marga (Persero) Tbk's Debt-to-Equity too high?
PT Jasa Marga (Persero) Tbk's current Debt-to-Equity of 2.03 is near median its 10-year median of 2.15. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 3.43. The Construction industry median Debt-to-Equity is 0.40. PT Jasa Marga (Persero) Tbk's value of 2.03 is 407.5% above this industry median. Based on the distribution chart, PT Jasa Marga (Persero) Tbk ranks #1465 out of 1611 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PT Jasa Marga (Persero) Tbk has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Marga (Persero) Tbk's Debt-to-Equity compare to competitors?
According to the Construction industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #1465 out of 1611 companies for Debt-to-Equity. This places PT Jasa Marga (Persero) Tbk in the lower half of its industry. The industry median Debt-to-Equity is 0.40. PT Jasa Marga (Persero) Tbk's value of 2.03 is 407.5% above this benchmark. Historically, PT Jasa Marga (Persero) Tbk's own Debt-to-Equity has ranged from 1.62 to 3.43 over the past decade. While the company's 10-year median is 2.15 vs. the industry median of 0.40, PT Jasa Marga (Persero) Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,611 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Jasa Marga (Persero) Tbk's current Debt-to-Equity of 2.03 is 407.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Jasa Marga (Persero) Tbk and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jasa Marga (Persero) Tbk's current Debt-to-Equity is 2.03, which is near median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jasa Marga (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk (PTJSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.70, compared to a current price of $3.45 — trading 26.6% below its estimated fair value. The current Debt-to-Equity is 2.03, which is near median its 10-year median of 2.15 and 407.5% above the Construction industry median of 0.40. PT Jasa Marga (Persero) Tbk's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PT Jasa Marga (Persero) Tbk (PTJSY), the current Debt-to-Equity is 2.03 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 Jasa Marga (Persero) Tbk (PTJSY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk stock appears to be undervalued.
The current stock price of $3.45 is trading 26.6% below its estimated GF Value™ of $4.70.
GuruFocus considers PT Jasa Marga (Persero) Tbk to be Modestly Undervalued.
Key valuation signals for PTJSY:
Debt-to-Equity: 2.03 (near median its 10-year median of 2.15)
GF Value™: $4.70 vs. price of $3.45 (26.6% below fair value)
Industry Position: 407.5% above the Construction median (#1465 of 1611)
No single metric tells the full story. See the PTJSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.
71GF Score
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