PT Adhi Karya (Persero) Tbk (FRA:KM6) EBIT: €-239.0 Mil (TTM As of Mar. 2026)


FRA:KM6 PT Adhi Karya (Persero) Tbk FRA:KM6
58 GF Score
Price €0.01
GF Value €0.01
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Adhi Karya (Persero) Tbk EBIT?

PT Adhi Karya (Persero) Tbk FRA:KM6 58 EBIT is €-239.0 Mil as of Mar. 2026. GuruFocus rates FRA:KM6 with a GF Score™ of 58/100 and a GF Value™ of €0.01 (Possible Value Trap). The stock has 5 warning signs investors should review.

PT Adhi Karya (Persero) Tbk's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €17.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-239.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Adhi Karya (Persero) Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 7.01%. PT Adhi Karya (Persero) Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PT Adhi Karya (Persero) Tbk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -55.81%.


PT Adhi Karya (Persero) Tbk  (FRA:KM6) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

PT Adhi Karya (Persero) Tbk's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=67.128 * ( 1 - 0.57% )/( (1017.765 + 886.725)/ 2 )
=66.7453704/952.245
=7.01 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1471.828 - 599.244 - ( 105.825 - max(0, 994.618 - 849.437+105.825))
=1017.765

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1435.779 - 537.886 - ( 65.484 - max(0, 891.571 - 902.739+65.484))
=886.725

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

PT Adhi Karya (Persero) Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=67.936/( ( (108.059 + max(-90.62, 0)) + (106.812 + max(65.635, 0)) )/ 2 )
=67.936/( ( 108.059 + 172.447 )/ 2 )
=67.936/140.253
=48.44 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(422.746 + 237.103 + 83.763) - (599.244 + 0 + 234.988)
=-90.62

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(420.717 + 237.757 + 178.781) - (537.886 + 0 + 233.734)
=65.635

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

PT Adhi Karya (Persero) Tbk's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-239.045/428.293
=-55.81 %

* 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 Adhi Karya (Persero) Tbk EBIT Related Terms


PT Adhi Karya (Persero) Tbk EBIT Historical Data

* Premium members only.

The historical data trend for PT Adhi Karya (Persero) Tbk's EBIT 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 Adhi Karya (Persero) Tbk EBIT Chart

PT Adhi Karya (Persero) Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.82 54.00 61.82 44.48 -247.95

PT Adhi Karya (Persero) Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 Premium Member Only 9.36 9.08 9.16 -274.27 16.98

FRA:KM6 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, PT Adhi Karya (Persero) Tbk's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 Adhi Karya (Persero) Tbk EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, PT Adhi Karya (Persero) Tbk's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PT Adhi Karya (Persero) Tbk's EV-to-EBIT falls into.


FRA:KM6
58GF Score
PT Adhi Karya (Persero) Tbk FRA:KM6
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Adhi Karya (Persero) Tbk EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-239.0 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-239.0 Mil mean?
PT Adhi Karya (Persero) Tbk (FRA:KM6) has a EBIT of €-239.0 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PT Adhi Karya (Persero) Tbk.
Is PT Adhi Karya (Persero) Tbk's EBIT too high?
PT Adhi Karya (Persero) Tbk's current EBIT is €-239.0 Mil. Overall, PT Adhi Karya (Persero) Tbk has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adhi Karya (Persero) Tbk's EBIT compare to PWR and FIX?
PT Adhi Karya (Persero) Tbk's EBIT of €-239.0 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Construction company?
A good EBIT depends on the Construction industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PT Adhi Karya (Persero) Tbk. PT Adhi Karya (Persero) Tbk's current EBIT is €-239.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adhi Karya (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adhi Karya (Persero) Tbk (FRA:KM6) is currently considered Possible Value Trap. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 35% below its estimated fair value. The current EBIT is €-239.0 Mil. PT Adhi Karya (Persero) Tbk's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For PT Adhi Karya (Persero) Tbk (FRA:KM6), the current EBIT is €-239.0 Mil 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 Adhi Karya (Persero) Tbk (FRA:KM6) Overvalued in 2026?

Based on GuruFocus' analysis, PT Adhi Karya (Persero) Tbk stock appears to be undervalued. The current stock price of €0.01 is trading 35% below its estimated GF Value™ of €0.01. GuruFocus considers PT Adhi Karya (Persero) Tbk to be Possible Value Trap.

Key valuation signals for FRA:KM6:

  • EBIT: €-239.0 Mil
  • GF Value™: €0.01 vs. price of €0.01 (35% below fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the FRA:KM6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Adhi Karya (Persero) Tbk Business Description

Other Exchanges ADHI:Indonesia
Address Jalan Raya Pasar Minggu Km. 18, Harmonis Building, Jakata, IDN, 12510
PT Adhi Karya (Persero) Tbk is an Indonesia-based company that provides construction services. The company operates through segments namely the Engineering and Infrastructure segment, Property and Hospitality, Manufacturing, Investments and Concessions. The company generates majority of its revenue from the Engineering and Infrastructure segment.
58GF Score

Get the complete analysis for FRA:KM6

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

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