PT Multi Spunindo Jaya Tbk (ISX:MSJA) Earnings Yield (Joel Greenblatt) %: 5.22% (As of Jun. 2026) — 15% Below Median

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:MSJA PT Multi Spunindo Jaya Tbk ISX:MSJA
54 GF Score
Price Rp440.00
GF Value Rp344.12
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is PT Multi Spunindo Jaya Tbk Earnings Yield (Joel Greenblatt) %?

PT Multi Spunindo Jaya Tbk ISX:MSJA -2.22% 54 Earnings Yield (Joel Greenblatt) % is 5.22% as of Jun. 2026, which is 15% below its 10-year median of 6.14. GuruFocus rates ISX:MSJA with a GF Score™ of 54/100 and a GF Value™ of Rp344.12 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,071 Manufacturing - Apparel & Accessories companies, PT Multi Spunindo Jaya Tbk ranks worse than 54.44% on this metric.

PT Multi Spunindo Jaya Tbk's Enterprise Value for the quarter that ended in Jun. 2026 was Rp2,335,793 Mil. PT Multi Spunindo Jaya Tbk's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was Rp122,018 Mil. PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.22%.

The historical rank and industry rank for PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ISX:MSJA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.28   Med: 6.14   Max: 8.76
Current: 4.67

During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of PT Multi Spunindo Jaya Tbk was 8.76%. The lowest was 3.28%. And the median was 6.14%.

ISX:MSJA's Earnings Yield (Joel Greenblatt) % is ranked worse than
54.44% of 1071 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.65 vs ISX:MSJA: 4.67

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. PT Multi Spunindo Jaya Tbk's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


PT Multi Spunindo Jaya Tbk  (ISX:MSJA) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


PT Multi Spunindo Jaya Tbk Earnings Yield (Joel Greenblatt) % Related Terms


PT Multi Spunindo Jaya Tbk Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) % 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 Multi Spunindo Jaya Tbk Earnings Yield (Joel Greenblatt) % Chart

PT Multi Spunindo Jaya Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial 0.00 0.00 0.00 5.83 6.81

PT Multi Spunindo Jaya Tbk Quarterly Data
Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Earnings Yield (Joel Greenblatt) % 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 8.47 5.39 6.81 5.81 5.22

PT Multi Spunindo Jaya Tbk Earnings Yield (Joel Greenblatt) % Competitor Comparison

For the Textile Manufacturing subindustry, PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Multi Spunindo Jaya Tbk Earnings Yield (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) % falls into.


ISX:MSJA
54GF Score
PT Multi Spunindo Jaya Tbk ISX:MSJA
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Multi Spunindo Jaya Tbk Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

PT Multi Spunindo Jaya Tbks Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=127542.198/1873553.541
=6.81 %

PT Multi Spunindo Jaya Tbk's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp122,018 Mil.


What does a Earnings Yield (Joel Greenblatt) % of 5.22% mean?
PT Multi Spunindo Jaya Tbk (ISX:MSJA) has a Earnings Yield (Joel Greenblatt) % of 5.22% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on PT Multi Spunindo Jaya Tbk and its competitors. This is 15% below median its historical median of 6.14. Over the past decade, PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) % has ranged from 3.28 to 8.76. According to the industry distribution chart, PT Multi Spunindo Jaya Tbk ranks #583 out of 1071 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.4%.
Is PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) % too high?
PT Multi Spunindo Jaya Tbk's current Earnings Yield (Joel Greenblatt) % of 5.22% is 15% below median its 10-year median of 6.14. Over the past 10 years, this metric has ranged from a low of 3.28 to a high of 8.76. The Manufacturing - Apparel & Accessories industry median Earnings Yield (Joel Greenblatt) % is 5.65. PT Multi Spunindo Jaya Tbk's value of 5.22% is 7.6% below this industry median. Based on the distribution chart, PT Multi Spunindo Jaya Tbk ranks #583 out of 1071 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, PT Multi Spunindo Jaya Tbk has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Multi Spunindo Jaya Tbk's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Multi Spunindo Jaya Tbk ranks #583 out of 1071 companies for Earnings Yield (Joel Greenblatt) %. This places PT Multi Spunindo Jaya Tbk in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.65. PT Multi Spunindo Jaya Tbk's value of 5.22% is 7.6% below this benchmark. Historically, PT Multi Spunindo Jaya Tbk's own Earnings Yield (Joel Greenblatt) % has ranged from 3.28 to 8.76 over the past decade. While the company's 10-year median is 6.14 vs. the industry median of 5.65, PT Multi Spunindo Jaya Tbk has consistently been below 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 Earnings Yield (Joel Greenblatt) % for a Manufacturing - Apparel & Accessories company?
The median Earnings Yield (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 5.65, based on 1,071 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Multi Spunindo Jaya Tbk's current Earnings Yield (Joel Greenblatt) % of 5.22% is 7.6% below 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on PT Multi Spunindo Jaya Tbk and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Earnings Yield (Joel Greenblatt) % is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multi Spunindo Jaya Tbk's current Earnings Yield (Joel Greenblatt) % is 5.22%, which is 15% below median its own 10-year median of 6.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Spunindo Jaya Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Multi Spunindo Jaya Tbk (ISX:MSJA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp344.12, compared to a current price of Rp440.00 — trading 27.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.22%, which is 15% below median its 10-year median of 6.14 and 7.6% below the Manufacturing - Apparel & Accessories industry median of 5.65. PT Multi Spunindo Jaya Tbk's overall GF Score™ is 54/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For PT Multi Spunindo Jaya Tbk (ISX:MSJA), the current Earnings Yield (Joel Greenblatt) % is 5.22% 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 Multi Spunindo Jaya Tbk (ISX:MSJA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Multi Spunindo Jaya Tbk stock appears to be overvalued. The current stock price of Rp440.00 is trading 27.9% above its estimated GF Value™ of Rp344.12. GuruFocus considers PT Multi Spunindo Jaya Tbk to be Modestly Overvalued.

Key valuation signals for ISX:MSJA:

  • Earnings Yield (Joel Greenblatt) %: 5.22% (15% below median its 10-year median of 6.14)
  • GF Value™: Rp344.12 vs. price of Rp440.00 (27.9% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 7.6% below the Manufacturing - Apparel & Accessories median (#583 of 1071)

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


PT Multi Spunindo Jaya Tbk Business Description

Address Desa Jabaran, Kec. Belongbendo, Krian, Sidoarjo, Jawa Timur, IDN, 61263
PT Multi Spunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors. It has two segments Local and Export. Geographically, it operates in Indonesia.
54GF Score

Get the complete analysis for ISX:MSJA

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp440.00
Price
Rp344.12
GF Value