PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Gross Margin %: 16.59% (As of Mar. 2026) — 33% Below Median


ISX:MAHA PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA
68 GF Score
Price Rp132.00
GF Value Rp229.48
Valuation Significantly Undervalued
! 3 Warning Signs
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What is PT Mandiri Herindo Adiperkasa Tbk Gross Margin %?

PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA +0.76% 68 Gross Margin % is 16.59% as of Mar. 2026, which is 33% below its 10-year median of 24.69. GuruFocus rates ISX:MAHA with a GF Score™ of 68/100 and a GF Value™ of Rp229.48 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 977 Transportation companies, PT Mandiri Herindo Adiperkasa Tbk ranks worse than 50.15% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. PT Mandiri Herindo Adiperkasa Tbk's Gross Profit for the three months ended in Mar. 2026 was Rp120,198 Mil. PT Mandiri Herindo Adiperkasa Tbk's Revenue for the three months ended in Mar. 2026 was Rp724,486 Mil. Therefore, PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % for the quarter that ended in Mar. 2026 was 16.59%.

Warning Sign:

PT Mandiri Herindo Adiperkasa Tbk gross margin has been in long-term decline. The average rate of decline per year is -4.9%.


The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % or its related term are showing as below:

ISX:MAHA' s Gross Margin % Range Over the Past 10 Years
Min: 19.96   Med: 24.69   Max: 25.48
Current: 20.38


During the past 6 years, the highest Gross Margin % of PT Mandiri Herindo Adiperkasa Tbk was 25.48%. The lowest was 19.96%. And the median was 24.69%.

ISX:MAHA's Gross Margin % is ranked worse than
50.15% of 977 companies
in the Transportation industry
Industry Median: 20.42 vs ISX:MAHA: 20.38

PT Mandiri Herindo Adiperkasa Tbk had a gross margin of 16.59% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for PT Mandiri Herindo Adiperkasa Tbk was -4.90% per year.


PT Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

PT Mandiri Herindo Adiperkasa Tbk had a gross margin of 16.59% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


PT Mandiri Herindo Adiperkasa Tbk Gross Margin % Related Terms


PT Mandiri Herindo Adiperkasa Tbk Gross Margin % Historical Data

* Premium members only.

The historical data trend for PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % 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 Mandiri Herindo Adiperkasa Tbk Gross Margin % Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 24.17 25.48 25.21 19.96 20.15

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % 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 15.06 10.90 23.94 26.52 16.59

ISX:MAHA vs ODFL, XPO, KNX: Gross Margin % Comparison

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa Tbk's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Mandiri Herindo Adiperkasa Tbk Gross Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % falls into.


ISX:MAHA
68GF Score
PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mandiri Herindo Adiperkasa Tbk Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

PT Mandiri Herindo Adiperkasa Tbk's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=588813.5 / 2922315.185
=(Revenue - Cost of Goods Sold) / Revenue
=(2922315.185 - 2333501.655) / 2922315.185
=20.15 %

PT Mandiri Herindo Adiperkasa Tbk's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=120198.4 / 724485.868
=(Revenue - Cost of Goods Sold) / Revenue
=(724485.868 - 604287.474) / 724485.868
=16.59 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 16.59% mean?
PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) has a Gross Margin % of 16.59% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on PT Mandiri Herindo Adiperkasa Tbk and its competitors. This is 33% below median its historical median of 24.69. Over the past decade, PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % has ranged from 19.96 to 25.48. According to the industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #490 out of 977 companies in the Transportation industry, placing it in the top 50.2%.
Is PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % too high?
PT Mandiri Herindo Adiperkasa Tbk's current Gross Margin % of 16.59% is 33% below median its 10-year median of 24.69. Over the past 10 years, this metric has ranged from a low of 19.96 to a high of 25.48. The Transportation industry median Gross Margin % is 20.42. PT Mandiri Herindo Adiperkasa Tbk's value of 16.59% is 18.8% below this industry median. Based on the distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #490 out of 977 companies in the Transportation industry, which is below the industry midpoint. Overall, PT Mandiri Herindo Adiperkasa Tbk has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mandiri Herindo Adiperkasa Tbk's Gross Margin % compare to ODFL and XPO?
According to the Transportation industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #490 out of 977 companies for Gross Margin %. This places PT Mandiri Herindo Adiperkasa Tbk in the lower half of its industry. The industry median Gross Margin % is 20.42. PT Mandiri Herindo Adiperkasa Tbk's value of 16.59% is 18.8% below this benchmark. Historically, PT Mandiri Herindo Adiperkasa Tbk's own Gross Margin % has ranged from 19.96 to 25.48 over the past decade. While the company's 10-year median is 24.69 vs. the industry median of 20.42, PT Mandiri Herindo Adiperkasa 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 Gross Margin % for a Transportation company?
The median Gross Margin % among Transportation companies is 20.42, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Mandiri Herindo Adiperkasa Tbk's current Gross Margin % of 16.59% is 18.8% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on PT Mandiri Herindo Adiperkasa Tbk and its competitors. For the Transportation industry, the median Gross Margin % is 20.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mandiri Herindo Adiperkasa Tbk's current Gross Margin % is 16.59%, which is 33% below median its own 10-year median of 24.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mandiri Herindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp229.48, compared to a current price of Rp132.00 — trading 42.5% below its estimated fair value. The current Gross Margin % is 16.59%, which is 33% below median its 10-year median of 24.69 and 18.8% below the Transportation industry median of 20.42. PT Mandiri Herindo Adiperkasa Tbk's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA), the current Gross Margin % is 16.59% 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk stock appears to be undervalued. The current stock price of Rp132.00 is trading 42.5% below its estimated GF Value™ of Rp229.48. GuruFocus considers PT Mandiri Herindo Adiperkasa Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MAHA:

  • Gross Margin %: 16.59% (33% below median its 10-year median of 24.69)
  • GF Value™: Rp229.48 vs. price of Rp132.00 (42.5% below fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 18.8% below the Transportation median (#490 of 977)

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


PT Mandiri Herindo Adiperkasa Tbk Business Description

Address Jl. Jend. Sudirman Kav. 52 - 53, Senopati Raya No. 8B, Gedung Office 8, Floor 31, Unit A, SCBD Lot 28, Kebayoran Baru, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers, and dump trucks, with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments, which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates the majority of its revenue from the East Kalimantan segment.
68GF Score

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

Rp132.00
Price
Rp229.48
GF Value