PTranacentral Bajatama Tbk (ISX:BAJA) Operating Income: Rp54,739 Mil (TTM As of Jun. 2026)

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ISX:BAJA PT Saranacentral Bajatama Tbk ISX:BAJA
51 GF Score
Price Rp244.00
GF Value Rp114.55
Valuation Significantly Overvalued
! 7 Warning Signs
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What is PTranacentral Bajatama Tbk Operating Income?

PTranacentral Bajatama Tbk ISX:BAJA +6.09% 51 Operating Income is Rp54,739 Mil as of Jun. 2026. GuruFocus rates ISX:BAJA with a GF Score™ of 51/100 and a GF Value™ of Rp114.55 (Significantly Overvalued). The stock has 7 warning signs investors should review.

PTranacentral Bajatama Tbk's Operating Income for the three months ended in Jun. 2026 was Rp42,495 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was Rp54,739 Mil.

Warning Sign:

PT Saranacentral Bajatama Tbk had lost money in 58% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. PTranacentral Bajatama Tbk's Operating Income for the three months ended in Jun. 2026 was Rp42,495 Mil. PTranacentral Bajatama Tbk's Revenue for the three months ended in Jun. 2026 was Rp384,429 Mil. Therefore, PTranacentral Bajatama Tbk's Operating Margin % for the quarter that ended in Jun. 2026 was 11.05%.

PTranacentral Bajatama Tbk's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PTranacentral Bajatama Tbk's annualized ROC % for the quarter that ended in Jun. 2026 was 29.15%. PTranacentral Bajatama Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 34.37%.


PTranacentral Bajatama Tbk  (ISX:BAJA) Operating Income Explanation

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

PTranacentral Bajatama Tbk's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=169981.636 * ( 1 - 0.55% )/( (579899.19 + 579985.219)/ 2 )
=169046.737002/579942.2045
=29.15 %

where

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))
=670803.368 - 220494.491 - ( 13815.312 - max(0, 651345.63 - 521755.317+13815.312))
=579899.19

Invested Capital(Q: Jun. 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))
=769446.291 - 287685.7 - ( 24205.663 - max(0, 718391.277 - 620166.649+24205.663))
=579985.219

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

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

PTranacentral Bajatama Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=134815.456/( ( (103991.913 + max(282342.386, 0)) + (100866.68 + max(297201.238, 0)) )/ 2 )
=134815.456/( ( 386334.299 + 398067.918 )/ 2 )
=134815.456/392201.1085
=34.37 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(176786.47 + 320816.065 + 10187.797) - (220494.491 + 0 + 4953.455)
=282342.386

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(233884.764 + 351311.955 + 10604.411) - (287685.7 + 0 + 10914.192)
=297201.238

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

PTranacentral Bajatama Tbk's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=42495.409/384429.213
=11.05 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


PTranacentral Bajatama Tbk Operating Income Related Terms


PTranacentral Bajatama Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PTranacentral Bajatama Tbk's Operating Income 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.

PTranacentral Bajatama Tbk Operating Income Chart

PTranacentral Bajatama Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 172,634.61 -72,752.17 6,482.91 -10,057.71 8,685.14

PTranacentral Bajatama Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income 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 -756.36 7,437.39 5,732.08 -925.75 42,495.41
ISX:BAJA
51GF Score
PT Saranacentral Bajatama Tbk ISX:BAJA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PTranacentral Bajatama Tbk Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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 Rp54,739 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 Operating Income →
What does a Operating Income of Rp54,739 Mil mean?
PTranacentral Bajatama Tbk (ISX:BAJA) has a Operating Income of Rp54,739 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PTranacentral Bajatama Tbk and its competitors.
Is PTranacentral Bajatama Tbk's Operating Income too high?
PTranacentral Bajatama Tbk's current Operating Income is Rp54,739 Mil. Overall, PTranacentral Bajatama Tbk has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTranacentral Bajatama Tbk's Operating Income compare to NUE and STLD?
PTranacentral Bajatama Tbk's Operating Income of Rp54,739 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Steel company?
A good Operating Income depends on the Steel industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PTranacentral Bajatama Tbk and its competitors. PTranacentral Bajatama Tbk's current Operating Income is Rp54,739 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTranacentral Bajatama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTranacentral Bajatama Tbk (ISX:BAJA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp114.55, compared to a current price of Rp244.00 — trading 113% above its estimated fair value. The current Operating Income is Rp54,739 Mil. PTranacentral Bajatama Tbk's overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For PTranacentral Bajatama Tbk (ISX:BAJA), the current Operating Income is Rp54,739 Mil as of Jun. 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 PTranacentral Bajatama Tbk (ISX:BAJA) Overvalued in 2026?

Based on GuruFocus' analysis, PTranacentral Bajatama Tbk stock appears to be overvalued. The current stock price of Rp244.00 is trading 113% above its estimated GF Value™ of Rp114.55. GuruFocus considers PTranacentral Bajatama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BAJA:

  • Operating Income: Rp54,739 Mil
  • GF Value™: Rp114.55 vs. price of Rp244.00 (113% above fair value)
  • GF Score™: 51/100 with 7 warning signs

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


PTranacentral Bajatama Tbk Business Description

Address Jalan Pangeran Jayakarta No. 55, Gedung Baja Tower B, Lantai 6, Mangga Dua Selatan, Sawah Besar, Jakarta Pusat, Jakarta, IDN, 10730
PT Saranacentral Bajatama Tbk is involved in the manufacture and sale of steel products in Indonesia. The company manufactures three types of coated steel products, namely, galvanized steel, Saranalume aluminum-zinc-coated steel, and Sarancolor painted zinc-coated steel. The company's products are used in various applications, including building, electrical machinery, and motor vehicles. The company has four reportable segments, including galvanized, saranalume, coloring, and non-production. The company derives the majority of its revenue from the Saranalume segment.
51GF Score

Get the complete analysis for ISX:BAJA

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

Rp244.00
Price
Rp114.55
GF Value