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PT Indo Kordsa TbkISX:BRAM 62 Return-on-Tangible-Asset is 3.37% as of Jun. 2026, which is 39% below its 10-year median of 5.57. GuruFocus rates ISX:BRAM with a GF Score™ of 62/100 and a GF Value™ of Rp3,849.16 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,064 Manufacturing - Apparel & Accessories companies, PT Indo Kordsa Tbk ranks better than 51.6% on this metric.
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. PT Indo Kordsa Tbk's annualizedNet Income for the quarter that ended in Jun. 2026 was Rp163,619 Mil. PT Indo Kordsa Tbk's average total tangible assets for the quarter that ended in Jun. 2026 was Rp4,851,049 Mil. Therefore, PT Indo Kordsa Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 3.37%.
The historical rank and industry rank for PT Indo Kordsa Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:BRAM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.45 Med: 5.57 Max: 11.56
Current: 2.26
During the past 13 years, PT Indo Kordsa Tbk's highest Return-on-Tangible-Asset was 11.56%. The lowest was -1.45%. And the median was 5.57%.
ISX:BRAM's Return-on-Tangible-Asset is ranked better than 51.6% of 1064
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.025
vs ISX:BRAM: 2.26
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.
PT Indo Kordsa Tbk Return-on-Tangible-Asset Related Terms
PT Indo Kordsa Tbk Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PT Indo Kordsa Tbk's Return-on-Tangible-Asset 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.
ISX:BRAM vs AIN: Return-on-Tangible-Asset Comparison
For the Textile Manufacturing subindustry, PT Indo Kordsa 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.
PT Indo Kordsa Tbk Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Indo Kordsa Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Indo Kordsa 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.37% mean?
PT Indo Kordsa Tbk (ISX:BRAM) has a Return-on-Tangible-Asset of 3.37% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on PT Indo Kordsa Tbk and its competitors. This is 39% below median its historical median of 5.57. According to the industry distribution chart, PT Indo Kordsa Tbk ranks #515 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 48.4%.
Is PT Indo Kordsa Tbk's Return-on-Tangible-Asset too high?
PT Indo Kordsa Tbk's current Return-on-Tangible-Asset of 3.37% is 39% below median its 10-year median of 5.57. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.03. PT Indo Kordsa Tbk's value of 3.37% is 66.4% above this industry median. Based on the distribution chart, PT Indo Kordsa Tbk ranks #515 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, PT Indo Kordsa Tbk has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indo Kordsa Tbk's Return-on-Tangible-Asset compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Indo Kordsa Tbk ranks #515 out of 1064 companies for Return-on-Tangible-Asset. This puts PT Indo Kordsa Tbk in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.03. PT Indo Kordsa Tbk's value of 3.37% is 66.4% above this benchmark. While the company's 10-year median is 5.57 vs. the industry median of 2.03, PT Indo Kordsa Tbk has consistently been above the industry average. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.03, based on 1,064 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. PT Indo Kordsa Tbk's current Return-on-Tangible-Asset of 3.37% is 66.4% above 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 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 PT Indo Kordsa Tbk and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indo Kordsa Tbk's current Return-on-Tangible-Asset is 3.37%, which is 39% below median its own 10-year median of 5.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indo Kordsa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indo Kordsa Tbk (ISX:BRAM) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp3,849.16, compared to a current price of Rp4,500.00 — trading 16.9% above its estimated fair value. The current Return-on-Tangible-Asset is 3.37%, which is 39% below median its 10-year median of 5.57 and 66.4% above the Manufacturing - Apparel & Accessories industry median of 2.03. PT Indo Kordsa Tbk's overall GF Score™ is 62/100 with 5 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 PT Indo Kordsa Tbk (ISX:BRAM), the current Return-on-Tangible-Asset is 3.37% 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 Indo Kordsa Tbk (ISX:BRAM) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indo Kordsa Tbk stock appears to be overvalued.
The current stock price of Rp4,500.00 is trading 16.9% above its estimated GF Value™ of Rp3,849.16.
GuruFocus considers PT Indo Kordsa Tbk to be Modestly Overvalued.
Key valuation signals for ISX:BRAM:
Return-on-Tangible-Asset: 3.37% (39% below median its 10-year median of 5.57)
GF Value™: Rp3,849.16 vs. price of Rp4,500.00 (16.9% above fair value)
Industry Position: 66.4% above the Manufacturing - Apparel & Accessories median (#515 of 1064)
No single metric tells the full story. See the ISX:BRAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indo Kordsa Tbk is an Indonesian company engaged in the manufacturing and sale of tire reinforcement materials. The business activity of the group is functioned through various divisions which include Tyre cord fabric, Nylon yarn, and Polyester yarn. The company generates a majority of its revenue from the tire cord fabric segment. Geographically, it derives a majority of its revenue from Thailand and also has a presence in Other Countries.
62GF Score
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