PT Calculus Global Ventures Tbk (ISX:STAR) Operating Margin %: 9.30% (As of Mar. 2026)


ISX:STAR PT Calculus Global Ventures Tbk ISX:STAR
59 GF Score
Price Rp280.00
GF Value Rp111.36
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Calculus Global Ventures Tbk Operating Margin %?

PT Calculus Global Ventures Tbk ISX:STAR 59 Operating Margin % is 9.30% as of Mar. 2026. GuruFocus rates ISX:STAR with a GF Score™ of 59/100 and a GF Value™ of Rp111.36 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 650 Asset Management companies, PT Calculus Global Ventures Tbk ranks worse than 71.38% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Calculus Global Ventures Tbk's Operating Income for the three months ended in Mar. 2026 was Rp235 Mil. PT Calculus Global Ventures Tbk's Revenue for the three months ended in Mar. 2026 was Rp2,527 Mil. Therefore, PT Calculus Global Ventures Tbk's Operating Margin % for the quarter that ended in Mar. 2026 was 9.30%.

Good Sign:

PT Calculus Global Ventures Tbk operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for PT Calculus Global Ventures Tbk's Operating Margin % or its related term are showing as below:

ISX:STAR' s Operating Margin % Range Over the Past 10 Years
Min: -172.13   Med: -42.52   Max: 18.71
Current: -6.73


ISX:STAR's Operating Margin % is ranked worse than
71.38% of 650 companies
in the Asset Management industry
Industry Median: 17.18 vs ISX:STAR: -6.73

PT Calculus Global Ventures Tbk's 5-Year Average Operating Margin % Growth Rate was 23.40% per year.

PT Calculus Global Ventures Tbk's Operating Income for the three months ended in Mar. 2026 was Rp235 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was Rp-515 Mil.


PT Calculus Global Ventures Tbk  (ISX:STAR) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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 Calculus Global Ventures Tbk Operating Margin % Related Terms


PT Calculus Global Ventures Tbk Operating Margin % Historical Data

* Premium members only.

The historical data trend for PT Calculus Global Ventures Tbk's Operating 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 Calculus Global Ventures Tbk Operating Margin % Chart

PT Calculus Global Ventures Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -77.34 -64.08 -75.70 -109.51 -20.96

PT Calculus Global Ventures Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating 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 Premium Member Only Premium Member Only Premium Member Only -42.85 -2.29 -9.07 -28.59 9.30

ISX:STAR vs BLK, BX, KKR: Operating Margin % Comparison

For the Asset Management subindustry, PT Calculus Global Ventures Tbk's Operating Margin %, along with its competitors' market caps and Operating 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 Calculus Global Ventures Tbk Operating Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Calculus Global Ventures Tbk's Operating Margin % distribution charts can be found below:

* The bar in red indicates where PT Calculus Global Ventures Tbk's Operating Margin % falls into.


ISX:STAR
59GF Score
PT Calculus Global Ventures Tbk ISX:STAR
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Calculus Global Ventures Tbk Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

PT Calculus Global Ventures Tbk's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-1387.414 / 6618.151
=-20.96 %

PT Calculus Global Ventures 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 )
=235.081 / 2526.538
=9.30 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 9.30% mean?
PT Calculus Global Ventures Tbk (ISX:STAR) has a Operating Margin % of 9.30% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PT Calculus Global Ventures Tbk and its competitors. According to the industry distribution chart, PT Calculus Global Ventures Tbk ranks #464 out of 650 companies in the Asset Management industry, placing it in the top 71.4%.
Is PT Calculus Global Ventures Tbk's Operating Margin % too high?
PT Calculus Global Ventures Tbk's current Operating Margin % is 9.30%. The Asset Management industry median Operating Margin % is 17.18. PT Calculus Global Ventures Tbk's value of 9.30% is 45.9% below this industry median. Based on the distribution chart, PT Calculus Global Ventures Tbk ranks #464 out of 650 companies in the Asset Management industry, which is below the industry midpoint. Overall, PT Calculus Global Ventures Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Calculus Global Ventures Tbk's Operating Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Calculus Global Ventures Tbk ranks #464 out of 650 companies for Operating Margin %. This places PT Calculus Global Ventures Tbk in the lower half of its industry. The industry median Operating Margin % is 17.18. PT Calculus Global Ventures Tbk's value of 9.30% is 45.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Asset Management company?
The median Operating Margin % among Asset Management companies is 17.18, based on 650 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Calculus Global Ventures Tbk's current Operating Margin % of 9.30% is 45.9% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on PT Calculus Global Ventures Tbk and its competitors. For the Asset Management industry, the median Operating Margin % is 17.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Calculus Global Ventures Tbk's current Operating Margin % is 9.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Calculus Global Ventures Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk (ISX:STAR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp111.36, compared to a current price of Rp280.00 — trading 151.4% above its estimated fair value. The current Operating Margin % is 9.30% and 45.9% below the Asset Management industry median of 17.18. PT Calculus Global Ventures Tbk's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For PT Calculus Global Ventures Tbk (ISX:STAR), the current Operating Margin % is 9.30% 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 Calculus Global Ventures Tbk (ISX:STAR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk stock appears to be overvalued. The current stock price of Rp280.00 is trading 151.4% above its estimated GF Value™ of Rp111.36. GuruFocus considers PT Calculus Global Ventures Tbk to be Significantly Overvalued.

Key valuation signals for ISX:STAR:

  • Operating Margin %: 9.30%
  • GF Value™: Rp111.36 vs. price of Rp280.00 (151.4% above fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 45.9% below the Asset Management median (#464 of 650)

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


PT Calculus Global Ventures Tbk Business Description

Address Jalan MH. Thamrin Number 1, Menara BCA Lot 45, Grand Indonesia, Jakarta Pusat, Jakarta, IDN, 10310
PT Calculus Global Ventures Tbk, formerly known as PT Buana Artha Anugerah Tbk, operates in the business area of investment management, particularly in asset management. The company is engaged in the management consulting business. The products of the company consist of mutual funds includes including foster equity fund, foster fixed income, and foster money market and management of securities portfolio. The company segments consist of investment management services and others.
59GF Score

Get the complete analysis for ISX:STAR

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

Rp280.00
Price
Rp111.36
GF Value