PT Jasa Marga (Persero) Tbk (STU:0JM) EV-to-OCF: 15.29 (As of Sep. 09, 2026) — 37% 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.

STU:0JM PT Jasa Marga (Persero) Tbk STU:0JM
76 GF Score
Price €0.13
GF Value €0.15
! 5 Warning Signs
View Full Analysis

What is PT Jasa Marga (Persero) Tbk EV-to-OCF?

PT Jasa Marga (Persero) Tbk STU:0JM +1.60% 76 EV-to-OCF is 15.29 as of Sep. 09, 2026, which is 37% below its 10-year median of 24.26. GuruFocus rates STU:0JM with a GF Score™ of 76/100 and a GF Value™ of €0.15. The stock has 5 warning signs investors should review. Among 1,796 Construction companies, PT Jasa Marga (Persero) Tbk ranks worse than 72.88% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, PT Jasa Marga (Persero) Tbk's Enterprise Value is €5,790 Mil. PT Jasa Marga (Persero) Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €379 Mil. Therefore, PT Jasa Marga (Persero) Tbk's EV-to-OCF for today is 15.29.

The historical rank and industry rank for PT Jasa Marga (Persero) Tbk's EV-to-OCF or its related term are showing as below:

STU:0JM' s EV-to-OCF Range Over the Past 10 Years
Min: -88.71   Med: 24.26   Max: 89.59
Current: 15.9

During the past 13 years, the highest EV-to-OCF of PT Jasa Marga (Persero) Tbk was 89.59. The lowest was -88.71. And the median was 24.26.

STU:0JM's EV-to-OCF is ranked worse than
72.88% of 1796 companies
in the Construction industry
Industry Median: 6.83 vs STU:0JM: 15.90

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-09), PT Jasa Marga (Persero) Tbk's stock price is €0.127. PT Jasa Marga (Persero) Tbk's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.026. Therefore, PT Jasa Marga (Persero) Tbk's PE Ratio (TTM) for today is 4.88.


PT Jasa Marga (Persero) Tbk  (STU:0JM) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

PT Jasa Marga (Persero) Tbk's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.127/0.026
=4.88

PT Jasa Marga (Persero) Tbk's share price for today is €0.127.
PT Jasa Marga (Persero) Tbk's Earnings per Share (Diluted) 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 €0.026.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


PT Jasa Marga (Persero) Tbk EV-to-OCF Related Terms


PT Jasa Marga (Persero) Tbk EV-to-OCF Historical Data

* Premium members only.

The historical data trend for PT Jasa Marga (Persero) Tbk's EV-to-OCF 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 Jasa Marga (Persero) Tbk EV-to-OCF Chart

PT Jasa Marga (Persero) Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.58 16.36 26.95 19.65 21.05

PT Jasa Marga (Persero) Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF 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 24.94 24.72 21.05 18.88 15.63

PT Jasa Marga (Persero) Tbk EV-to-OCF Competitor Comparison

For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) Tbk's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Construction Industry

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

* The bar in red indicates where PT Jasa Marga (Persero) Tbk's EV-to-OCF falls into.


STU:0JM
76GF Score
PT Jasa Marga (Persero) Tbk STU:0JM
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Jasa Marga (Persero) Tbk EV-to-OCF Calculation

PT Jasa Marga (Persero) Tbk's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=5789.546/378.679
=15.29

PT Jasa Marga (Persero) Tbk's current Enterprise Value is €5,790 Mil.
PT Jasa Marga (Persero) Tbk's Cash Flow from Operations 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 €379 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 EV-to-OCF →
What does a EV-to-OCF of 15.29 mean?
PT Jasa Marga (Persero) Tbk (STU:0JM) has a EV-to-OCF of 15.29 as of Sep. 09, 2026. This is 37% below median its historical median of 24.26. According to the industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #1309 out of 1796 companies in the Construction industry, placing it in the top 72.9%.
Is PT Jasa Marga (Persero) Tbk's EV-to-OCF too high?
PT Jasa Marga (Persero) Tbk's current EV-to-OCF of 15.29 is 37% below median its 10-year median of 24.26. The Construction industry median EV-to-OCF is 6.83. PT Jasa Marga (Persero) Tbk's value of 15.29 is 123.9% above this industry median. Based on the distribution chart, PT Jasa Marga (Persero) Tbk ranks #1309 out of 1796 companies in the Construction industry, which is below the industry midpoint. Overall, PT Jasa Marga (Persero) Tbk has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Marga (Persero) Tbk's EV-to-OCF compare to competitors?
According to the Construction industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #1309 out of 1796 companies for EV-to-OCF. This places PT Jasa Marga (Persero) Tbk in the lower half of its industry. The industry median EV-to-OCF is 6.83. PT Jasa Marga (Persero) Tbk's value of 15.29 is 123.9% above this benchmark. While the company's 10-year median is 24.26 vs. the industry median of 6.83, 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 EV-to-OCF for a Construction company?
The median EV-to-OCF among Construction companies is 6.83, based on 1,796 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Jasa Marga (Persero) Tbk's current EV-to-OCF of 15.29 is 123.9% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median EV-to-OCF is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jasa Marga (Persero) Tbk's current EV-to-OCF is 15.29, which is 37% below median its own 10-year median of 24.26. 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?
PT Jasa Marga (Persero) Tbk (STU:0JM) has a current EV-to-OCF of 15.29. The stock's GF Value™ is €0.15, compared to a current price of €0.13 — trading 15.3% below its estimated fair value. The current EV-to-OCF is 15.29, which is 37% below median its 10-year median of 24.26 and 123.9% above the Construction industry median of 6.83. PT Jasa Marga (Persero) Tbk's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For PT Jasa Marga (Persero) Tbk (STU:0JM), the current EV-to-OCF is 15.29 as of Sep. 09, 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 (STU:0JM) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk stock appears to be undervalued. The current stock price of €0.13 is trading 15.3% below its estimated GF Value™ of €0.15.

Key valuation signals for STU:0JM:

  • EV-to-OCF: 15.29 (37% below median its 10-year median of 24.26)
  • GF Value™: €0.15 vs. price of €0.13 (15.3% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 123.9% above the Construction median (#1309 of 1796)

No single metric tells the full story. See the STU:0JM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Jasa Marga (Persero) Tbk Business Description

Address Plaza Tol Taman Mini Indonesia Indah, Kantor Pusat, Jakarta, IDN, 13550
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.
76GF Score

Get the complete analysis for STU:0JM

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

€0.13
Price
€0.15
GF Value