PT Temas Tbk (ISX:TMAS) Operating Income: Rp660,939 Mil (TTM As of Mar. 2026)


ISX:TMAS PT Temas Tbk ISX:TMAS
75 GF Score
Price Rp119.00
GF Value Rp145.12
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Temas Tbk Operating Income?

PT Temas Tbk ISX:TMAS +0.85% 75 Operating Income is Rp660,939 Mil as of Mar. 2026. GuruFocus rates ISX:TMAS with a GF Score™ of 75/100 and a GF Value™ of Rp145.12 (Modestly Undervalued). The stock has 2 warning signs investors should review.

PT Temas Tbk's Operating Income for the three months ended in Mar. 2026 was Rp193,277 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was Rp660,939 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Temas Tbk's Operating Income for the three months ended in Mar. 2026 was Rp193,277 Mil. PT Temas Tbk's Revenue for the three months ended in Mar. 2026 was Rp1,139,380 Mil. Therefore, PT Temas Tbk's Operating Margin % for the quarter that ended in Mar. 2026 was 16.96%.

Good Sign:

PT Temas Tbk operating margin is expanding. Margin expansion is usually a good sign.

PT Temas Tbk's 5-Year average Growth Rate for Operating Margin % was 5.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Temas Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 14.38%. PT Temas Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.75%.

PT Temas Tbk  (ISX:TMAS) Operating Income Explanation

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

PT Temas Tbk's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=773108 * ( 1 - 10.39% )/( (4695273 + 4943293)/ 2 )
=692782.0788/4819283
=14.38 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=5290964 - 333501 - ( 491770 - max(0, 757904 - 1020094+491770))
=4695273

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))
=5569893 - 403211 - ( 320268 - max(0, 797981 - 1021370+320268))
=4943293

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

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

PT Temas Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=805472/( ( (4196360 + max(143432, 0)) + (4468982 + max(266423, 0)) )/ 2 )
=805472/( ( 4339792 + 4735405 )/ 2 )
=805472/4537598.5
=17.75 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(306332 + 154458 + 64690) - (333501 + 0 + 48547)
=143432

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(352191 + 248366 + 97976) - (403211 + 0 + 28899)
=266423

When net working capital is negative, 0 is used.

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

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

PT Temas Tbk's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=193277/1139380
=16.96 %

* 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 Temas Tbk Operating Income Related Terms

PT Temas Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Temas 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 Temas Tbk Operating Income Chart

PT Temas 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 545,998.00 1,541,149.00 932,695.00 675,055.00 636,131.00

PT Temas Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 168,469.00 135,712.00 121,772.00 210,178.00 193,277.00
ISX:TMAS
75GF Score
PT Temas Tbk ISX:TMAS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Temas 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp660,939 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 Rp660,939 Mil mean?
PT Temas Tbk (ISX:TMAS) has a Operating Income of Rp660,939 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Temas Tbk and its competitors.
Is PT Temas Tbk's Operating Income too high?
PT Temas Tbk's current Operating Income is Rp660,939 Mil. Overall, PT Temas Tbk has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Temas Tbk's Operating Income compare to competitors?
PT Temas Tbk's Operating Income of Rp660,939 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Temas Tbk and its competitors. PT Temas Tbk's current Operating Income is Rp660,939 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Temas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Temas Tbk (ISX:TMAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp145.12, compared to a current price of Rp119.00 — trading 18% below its estimated fair value. The current Operating Income is Rp660,939 Mil. PT Temas Tbk's overall GF Score™ is 75/100 with 2 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 Temas Tbk (ISX:TMAS), the current Operating Income is Rp660,939 Mil 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 Temas Tbk (ISX:TMAS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Temas Tbk stock appears to be undervalued. The current stock price of Rp119.00 is trading 18% below its estimated GF Value™ of Rp145.12. GuruFocus considers PT Temas Tbk to be Modestly Undervalued.

Key valuation signals for ISX:TMAS:

  • Operating Income: Rp660,939 Mil
  • GF Value™: Rp145.12 vs. price of Rp119.00 (18% below fair value)
  • GF Score™: 75/100 with 2 warning signs

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

PT Temas Tbk Business Description

Address Jalan Yos Sudarso Kav. 33, Sunter Jaya, Tanjung Priok, Kantor Pusat Jakarta, Jakarta, IDN, 14350
PT Temas Tbk operates in the shipping industry. The company is engaged in the transportation business, especially marine transportation services that provide containerized goods delivery. Services offered include managing container transportation and stevedoring services nationwide. The company engages in both domestic and international transportation activities, particularly in transporting passengers, cargoes, and animals by vessels, acts as an agent in the shipping business. In addition, it is involved in the purchase and sale of vessels and related equipment. Its businesses are grouped into two operating segments: Shipping and Stevedoring. The Shipping segment contributes the vast majority of total revenue. Geographically, the company operates Domestically as well as Overseas.
75GF Score

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

Rp119.00
Price
Rp145.12
GF Value