PT First Media Tbk (ISX:KBLV) Operating Income: Rp-8,095 Mil (TTM As of Jun. 2026)

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.

ISX:KBLV PT First Media Tbk ISX:KBLV
40 GF Score
Price Rp136.00
GF Value Rp3.14
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT First Media Tbk Operating Income?

PT First Media Tbk ISX:KBLV -2.16% 40 Operating Income is Rp-8,095 Mil as of Jun. 2026. GuruFocus rates ISX:KBLV with a GF Score™ of 40/100 and a GF Value™ of Rp3.14 (Significantly Overvalued). The stock has 6 warning signs investors should review.

PT First Media Tbk's Operating Income for the three months ended in Jun. 2026 was Rp-2,037 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was Rp-8,095 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT First Media Tbk's Operating Income for the three months ended in Jun. 2026 was Rp-2,037 Mil. PT First Media Tbk's Revenue for the three months ended in Jun. 2026 was Rp187 Mil. Therefore, PT First Media Tbk's Operating Margin % for the quarter that ended in Jun. 2026 was -1,089.30%.

Warning Sign:

PT First Media Tbk operating margin has been in a 5-year decline. The average rate of decline per year is -70.8%.

PT First Media Tbk's 5-Year average Growth Rate for Operating Margin % was -70.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT First Media Tbk's annualized ROC % for the quarter that ended in Jun. 2026 was -0.47%. PT First Media Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -8.12%.


PT First Media Tbk  (ISX:KBLV) Operating Income Explanation

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

PT First Media 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 )
=-8148 * ( 1 - 0% )/( (1636101 + 1797749)/ 2 )
=-8148/1716925
=-0.47 %

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))
=1866144 - 1340894 - ( 254120 - max(0, 1380813 - 269962+254120))
=1636101

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))
=2034414 - 1356924 - ( 260157 - max(0, 1396703 - 276444+260157))
=1797749

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

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

PT First Media 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 )
=-37548/( ( (462319 + max(-1367367, 0)) + (462319 + max(-1383160, 0)) )/ 2 )
=-37548/( ( 462319 + 462319 )/ 2 )
=-37548/462319
=-8.12 %

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)
=(63 + 0 + 13383) - (1340894 + 0 + 39919)
=-1367367

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(82 + 0 + 13461) - (1356924 + 0 + 39779)
=-1383160

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 %:

PT First Media 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 )
=-2037/187
=-1,089.30 %

* 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.


PT First Media Tbk Operating Income Related Terms


PT First Media Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT First Media 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.

PT First Media Tbk Operating Income Chart

PT First Media 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 -61,767.00 -107,604.00 -84,070.00 -18,841.00 -20,308.00

PT First Media 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 -11,303.00 -2,207.00 -2,452.00 -1,399.00 -2,037.00
ISX:KBLV
40GF Score
PT First Media Tbk ISX:KBLV
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT First Media 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 Rp-8,095 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 Rp-8,095 Mil mean?
PT First Media Tbk (ISX:KBLV) has a Operating Income of Rp-8,095 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT First Media Tbk and its competitors.
Is PT First Media Tbk's Operating Income too high?
PT First Media Tbk's current Operating Income is Rp-8,095 Mil. Overall, PT First Media Tbk has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT First Media Tbk's Operating Income compare to NFLX and DIS?
PT First Media Tbk's Operating Income of Rp-8,095 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Operating Income depends on the Media - Diversified 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 PT First Media Tbk and its competitors. PT First Media Tbk's current Operating Income is Rp-8,095 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT First Media Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT First Media Tbk (ISX:KBLV) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp3.14, compared to a current price of Rp136.00 — trading 4231.2% above its estimated fair value. The current Operating Income is Rp-8,095 Mil. PT First Media Tbk's overall GF Score™ is 40/100 with 6 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 PT First Media Tbk (ISX:KBLV), the current Operating Income is Rp-8,095 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 PT First Media Tbk (ISX:KBLV) Overvalued in 2026?

Based on GuruFocus' analysis, PT First Media Tbk stock appears to be overvalued. The current stock price of Rp136.00 is trading 4231.2% above its estimated GF Value™ of Rp3.14. GuruFocus considers PT First Media Tbk to be Significantly Overvalued.

Key valuation signals for ISX:KBLV:

  • Operating Income: Rp-8,095 Mil
  • GF Value™: Rp3.14 vs. price of Rp136.00 (4231.2% above fair value)
  • GF Score™: 40/100 with 6 warning signs

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


PT First Media Tbk Business Description

Address Jl. H.R. Rasuna Said Kav. B12, Lippo Kuningan 17th Floor, Karet Kuning, Setiabudi, Jakarta Selatan, Jakarta, IDN, 12920
PT First Media Tbk is a media company. Along with its subsidiaries, it is engaged in creative media and content creation business in Indonesia. The company operates its business through two segments Media Business, and Content Creation. The media business segment is conducted through B-Universe which is a multiplatform media network, synergizing television, digital, and activation in national and regional contexts. The Content creation segment seeks to create various kinds of interesting local content that can provide differentiating and educational value to the Indonesian people.
40GF Score

Get the complete analysis for ISX:KBLV

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

Rp136.00
Price
Rp3.14
GF Value