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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
PT Astra International Tbk's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 4.61. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for PT Astra International Tbk's Degree of Operating Leverage or its related term are showing as below:
ISX:ASII's Degree of Operating Leverage is ranked worse than 72.71% of 524
companies
in the Conglomerates industry
Industry Median: 1.12
vs ISX:ASII: 4.61
PT Astra International Tbk (ISX:ASII) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
PT Astra International Tbk Degree of Operating Leverage Related Terms
PT Astra International Tbk Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for PT Astra International Tbk's Degree of Operating Leverage 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 Astra International Tbk Degree of Operating Leverage Chart
ISX:ASII vs MMM, HON: Degree of Operating Leverage Comparison
For the Conglomerates subindustry, PT Astra International Tbk's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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 Astra International Tbk Degree of Operating Leverage vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, PT Astra International Tbk's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where PT Astra International Tbk's Degree of Operating Leverage 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 4.61 mean?
PT Astra International Tbk (ISX:ASII) has a Degree of Operating Leverage of 4.61 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for PT Astra International Tbk and its competitors. According to the industry distribution chart, PT Astra International Tbk ranks #381 out of 524 companies in the Conglomerates industry, placing it in the top 72.7%.
Is PT Astra International Tbk's Degree of Operating Leverage too high?
PT Astra International Tbk's current Degree of Operating Leverage is 4.61. The Conglomerates industry median Degree of Operating Leverage is 1.12. PT Astra International Tbk's value of 4.61 is 311.6% above this industry median. Based on the distribution chart, PT Astra International Tbk ranks #381 out of 524 companies in the Conglomerates industry, which is below the industry midpoint. Overall, PT Astra International Tbk has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Astra International Tbk's Degree of Operating Leverage compare to MMM and HON?
According to the Conglomerates industry distribution chart, PT Astra International Tbk ranks #381 out of 524 companies for Degree of Operating Leverage. This places PT Astra International Tbk in the lower half of its industry. The industry median Degree of Operating Leverage is 1.12. PT Astra International Tbk's value of 4.61 is 311.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Conglomerates company?
The median Degree of Operating Leverage among Conglomerates companies is 1.12, based on 524 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Astra International Tbk's current Degree of Operating Leverage of 4.61 is 311.6% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for PT Astra International Tbk and its competitors. For the Conglomerates industry, the median Degree of Operating Leverage is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Astra International Tbk's current Degree of Operating Leverage is 4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Astra International Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Astra International Tbk (ISX:ASII) is currently considered Fairly Valued. The stock's GF Value™ is Rp5,186.15, compared to a current price of Rp4,800.00 — trading 7.4% below its estimated fair value. The current Degree of Operating Leverage is 4.61 and 311.6% above the Conglomerates industry median of 1.12. PT Astra International Tbk's overall GF Score™ is 96/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For PT Astra International Tbk (ISX:ASII), the current Degree of Operating Leverage is 4.61 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 PT Astra International Tbk (ISX:ASII) Overvalued in 2026?
Based on GuruFocus' analysis, PT Astra International Tbk stock appears to be undervalued.
The current stock price of Rp4,800.00 is trading 7.4% below its estimated GF Value™ of Rp5,186.15.
GuruFocus considers PT Astra International Tbk to be Fairly Valued.
Key valuation signals for ISX:ASII:
Degree of Operating Leverage: 4.61
GF Value™: Rp5,186.15 vs. price of Rp4,800.00 (7.4% below fair value)
Industry Position: 311.6% above the Conglomerates median (#381 of 524)
No single metric tells the full story. See the ISX:ASII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive and mobility, Financial Services, Energy (HEMCE), Agribusiness, Infrastructure, Information Technology, and Property. The company generates maximum revenue from Energy Segment. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining, and other activities.
96GF Score
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