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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. PTranacentral Bajatama Tbk's annualizedNet Income for the quarter that ended in Mar. 2026 was Rp-42,111 Mil. PTranacentral Bajatama Tbk's average total tangible assets for the quarter that ended in Mar. 2026 was Rp677,736 Mil. Therefore, PTranacentral Bajatama Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -6.21%.
The historical rank and industry rank for PTranacentral Bajatama Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:BAJA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.19 Med: -1.28 Max: 11.92
Current: -4.02
During the past 13 years, PTranacentral Bajatama Tbk's highest Return-on-Tangible-Asset was 11.92%. The lowest was -14.19%. And the median was -1.28%.
ISX:BAJA's Return-on-Tangible-Asset is ranked worse than 84.72% of 635
companies
in the Steel industry
Industry Median: 2.07
vs ISX:BAJA: -4.02
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
PTranacentral Bajatama Tbk Return-on-Tangible-Asset Related Terms
PTranacentral Bajatama Tbk Return-on-Tangible-Asset Historical Data
* 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.
ISX:BAJA vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, PTranacentral Bajatama Tbk's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
PTranacentral Bajatama Tbk Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, PTranacentral Bajatama Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PTranacentral Bajatama Tbk's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -6.21% mean?
PTranacentral Bajatama Tbk (ISX:BAJA) has a Return-on-Tangible-Asset of -6.21% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on PTranacentral Bajatama Tbk and its competitors. According to the industry distribution chart, PTranacentral Bajatama Tbk ranks #538 out of 635 companies in the Steel industry, placing it in the top 84.7%.
Is PTranacentral Bajatama Tbk's Return-on-Tangible-Asset too high?
PTranacentral Bajatama Tbk's current Return-on-Tangible-Asset is -6.21%. Based on the distribution chart, PTranacentral Bajatama Tbk ranks #538 out of 635 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, PTranacentral Bajatama Tbk has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTranacentral Bajatama Tbk's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, PTranacentral Bajatama Tbk ranks #538 out of 635 companies for Return-on-Tangible-Asset. This places PTranacentral Bajatama Tbk in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.07, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on PTranacentral Bajatama Tbk and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTranacentral Bajatama Tbk's current Return-on-Tangible-Asset is -6.21%. 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 Rp114.65, compared to a current price of Rp230.00 — trading 100.6% above its estimated fair value. The current Return-on-Tangible-Asset is -6.21%. PTranacentral Bajatama Tbk's overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For PTranacentral Bajatama Tbk (ISX:BAJA), the current Return-on-Tangible-Asset is -6.21% 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 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 Rp230.00 is trading 100.6% above its estimated GF Value™ of Rp114.65.
GuruFocus considers PTranacentral Bajatama Tbk to be Significantly Overvalued.
Key valuation signals for ISX:BAJA:
Return-on-Tangible-Asset: -6.21%
GF Value™: Rp114.65 vs. price of Rp230.00 (100.6% above fair value)
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.
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.
53GF Score
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