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PT Jasa Marga (Persero) TbkPTJSY 71 Equity-to-Asset is 0.23 as of Mar. 2026, which is 10% above its 10-year median of 0.21. GuruFocus rates PTJSY with a GF Score™ of 71/100 and a GF Value™ of $4.60 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,780 Construction companies, PT Jasa Marga (Persero) Tbk ranks worse than 81.91% on this metric.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
PT Jasa Marga (Persero) Tbk Equity-to-Asset Related Terms
PT Jasa Marga (Persero) Tbk Equity-to-Asset Historical Data
* 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.
For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) Tbk's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Construction Industry
For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where PT Jasa Marga (Persero) Tbk's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
PT Jasa Marga (Persero) Tbk's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (PTJSY) has a Equity-to-Asset of 0.23 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on PT Jasa Marga (Persero) Tbk and its competitors. This is 10% above median its historical median of 0.21. Over the past decade, PT Jasa Marga (Persero) Tbk's Equity-to-Asset has ranged from 0.18 to 0.27. According to the industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #1458 out of 1780 companies in the Construction industry, placing it in the top 81.9%.
Is PT Jasa Marga (Persero) Tbk's Equity-to-Asset too high?
PT Jasa Marga (Persero) Tbk's current Equity-to-Asset of 0.23 is 10% above median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.27. The Construction industry median Equity-to-Asset is 0.45. PT Jasa Marga (Persero) Tbk's value of 0.23 is 48.9% below this industry median. Based on the distribution chart, PT Jasa Marga (Persero) Tbk ranks #1458 out of 1780 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PT Jasa Marga (Persero) Tbk has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Marga (Persero) Tbk's Equity-to-Asset compare to competitors?
According to the Construction industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #1458 out of 1780 companies for Equity-to-Asset. This places PT Jasa Marga (Persero) Tbk in the lower half of its industry. The industry median Equity-to-Asset is 0.45. PT Jasa Marga (Persero) Tbk's value of 0.23 is 48.9% below this benchmark. Historically, PT Jasa Marga (Persero) Tbk's own Equity-to-Asset has ranged from 0.18 to 0.27 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.45, PT Jasa Marga (Persero) 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 Equity-to-Asset for a Construction company?
The median Equity-to-Asset among Construction companies is 0.45, based on 1,780 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Jasa Marga (Persero) Tbk's current Equity-to-Asset of 0.23 is 48.9% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on PT Jasa Marga (Persero) Tbk and its competitors. For the Construction industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jasa Marga (Persero) Tbk's current Equity-to-Asset is 0.23, which is 10% above median its own 10-year median of 0.21. 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?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk (PTJSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.60, compared to a current price of $3.45 — trading 25% below its estimated fair value. The current Equity-to-Asset is 0.23, which is 10% above median its 10-year median of 0.21 and 48.9% below the Construction industry median of 0.45. PT Jasa Marga (Persero) Tbk's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For PT Jasa Marga (Persero) Tbk (PTJSY), the current Equity-to-Asset is 0.23 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 Jasa Marga (Persero) Tbk (PTJSY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk stock appears to be undervalued.
The current stock price of $3.45 is trading 25% below its estimated GF Value™ of $4.60.
GuruFocus considers PT Jasa Marga (Persero) Tbk to be Modestly Undervalued.
Key valuation signals for PTJSY:
Equity-to-Asset: 0.23 (10% above median its 10-year median of 0.21)
GF Value™: $4.60 vs. price of $3.45 (25% below fair value)
Industry Position: 48.9% below the Construction median (#1458 of 1780)
No single metric tells the full story. See the PTJSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
71GF Score
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