PT Meratus Jasa Prima Tbk (ISX:KARW) EBIT: Rp-2,759 Mil (TTM As of Mar. 2026)


ISX:KARW PT Meratus Jasa Prima Tbk ISX:KARW
65 GF Score
Price Rp212.00
GF Value Rp396.34
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Meratus Jasa Prima Tbk EBIT?

PT Meratus Jasa Prima Tbk ISX:KARW -8.62% 65 EBIT is Rp-2,759 Mil as of Mar. 2026. GuruFocus rates ISX:KARW with a GF Score™ of 65/100 and a GF Value™ of Rp396.34 (Possible Value Trap). The stock has 3 warning signs investors should review.

PT Meratus Jasa Prima Tbk's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was Rp305 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was Rp-2,759 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Meratus Jasa Prima Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 3.15%. PT Meratus Jasa Prima Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. PT Meratus Jasa Prima Tbk's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -2.45%.

PT Meratus Jasa Prima Tbk  (ISX:KARW) EBIT Explanation

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

PT Meratus Jasa Prima 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 )
=5011.088 * ( 1 - 0% )/( (164281.169 + 154124.837)/ 2 )
=5011.088/159203.003
=3.15 %

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))
=232028.563 - 736466.81 - ( 22671.57 - max(0, 767976.45 - 99257.034+22671.57))
=164281.169

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))
=219353.637 - 733921.346 - ( 44236.401 - max(0, 762142.579 - 93450.033+44236.401))
=154124.837

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 Meratus Jasa Prima 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 )
=1218.912/( ( (111369.7 + max(-691190.5, 0)) + (104640.336 + max(-712725.795, 0)) )/ 2 )
=1218.912/( ( 111369.7 + 104640.336 )/ 2 )
=1218.912/108005.018
=1.13 %

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)
=(64506.213 + 4594.46 + 7484.791) - (736466.81 + 0 + 31309.154)
=-691190.5

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37329.225 + 5298.888 + 6585.519) - (733921.346 + 0 + 28018.081)
=-712725.795

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 Meratus Jasa Prima Tbk's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-2758.807/112499.582
=-2.45 %

* 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 Meratus Jasa Prima Tbk EBIT Related Terms

PT Meratus Jasa Prima Tbk EBIT Historical Data

* Premium members only.

The historical data trend for PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk EBIT Chart

PT Meratus Jasa Prima 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 -4,714.21 22,048.38 26,980.99 3,608.06 -1,136.09

PT Meratus Jasa Prima 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 1,992.71 -1,614.61 -5,926.44 4,477.51 304.73

PT Meratus Jasa Prima Tbk EBIT Competitor Comparison

For the Marine Shipping subindustry, PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, PT Meratus Jasa Prima Tbk's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where PT Meratus Jasa Prima Tbk's EV-to-EBIT falls into.


ISX:KARW
65GF Score
PT Meratus Jasa Prima Tbk ISX:KARW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Meratus Jasa Prima 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 Rp-2,759 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 Rp-2,759 Mil mean?
PT Meratus Jasa Prima Tbk (ISX:KARW) has a EBIT of Rp-2,759 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on PT Meratus Jasa Prima Tbk.
Is PT Meratus Jasa Prima Tbk's EBIT too high?
PT Meratus Jasa Prima Tbk's current EBIT is Rp-2,759 Mil. Overall, PT Meratus Jasa Prima Tbk has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Meratus Jasa Prima Tbk's EBIT compare to competitors?
PT Meratus Jasa Prima Tbk's EBIT of Rp-2,759 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Meratus Jasa Prima Tbk. PT Meratus Jasa Prima Tbk's current EBIT is Rp-2,759 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Meratus Jasa Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk (ISX:KARW) is currently considered Possible Value Trap. The stock's GF Value™ is Rp396.34, compared to a current price of Rp212.00 — trading 46.5% below its estimated fair value. The current EBIT is Rp-2,759 Mil. PT Meratus Jasa Prima Tbk's overall GF Score™ is 65/100 with 3 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 Meratus Jasa Prima Tbk (ISX:KARW), the current EBIT is Rp-2,759 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 Meratus Jasa Prima Tbk (ISX:KARW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk stock appears to be undervalued. The current stock price of Rp212.00 is trading 46.5% below its estimated GF Value™ of Rp396.34. GuruFocus considers PT Meratus Jasa Prima Tbk to be Possible Value Trap.

Key valuation signals for ISX:KARW:

  • EBIT: Rp-2,759 Mil
  • GF Value™: Rp396.34 vs. price of Rp212.00 (46.5% below fair value)
  • GF Score™: 65/100 with 3 warning signs

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

PT Meratus Jasa Prima Tbk Business Description

Address Jalan Enggano Kel. Tanjung Priok, Kec. Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14310
PT Meratus Jasa Prima Tbk is engaged in transportation consulting activities. The company also engages in supporting business activities in the scope of construction of non-fishery port buildings, dredging, cold storage activities, sea port service activities, wholesale trade in sea transportation equipment, parts and supplies. Its products and services include the management and operation of stevedoring equipment at Terminals 300, 301, 302, and 303 of Tanjung Priok Port to support container handling activities. These services also cover cargodoring, lift on/lift off, and trucking, in accordance with the applicable systems and procedures at port. It operates in single segment of stevedoring services in Port of Tanjung Priok, Jakarta.
65GF Score

Get the complete analysis for ISX:KARW

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

Rp212.00
Price
Rp396.34
GF Value