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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. PT Goto Gojek Tokopedia Tbk's annualizedNet Income for the quarter that ended in Mar. 2026 was Rp1,031,772 Mil. PT Goto Gojek Tokopedia Tbk's average total tangible assets for the quarter that ended in Mar. 2026 was Rp44,736,940 Mil. Therefore, PT Goto Gojek Tokopedia Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 2.31%.
The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:GOTO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -205.11 Med: -74.23 Max: -1.52
Current: -1.52
During the past 8 years, PT Goto Gojek Tokopedia Tbk's highest Return-on-Tangible-Asset was -1.52%. The lowest was -205.11%. And the median was -74.23%.
ISX:GOTO's Return-on-Tangible-Asset is ranked worse than 60.98% of 2891
companies
in the Software industry
Industry Median: 2.07
vs ISX:GOTO: -1.52
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 Goto Gojek Tokopedia Tbk Return-on-Tangible-Asset Related Terms
PT Goto Gojek Tokopedia 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:GOTO vs MSFT, ORCL, PLTR: Return-on-Tangible-Asset Comparison
For the Software - Infrastructure subindustry, PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Goto Gojek Tokopedia 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 2.31% mean?
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) has a Return-on-Tangible-Asset of 2.31% 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 PT Goto Gojek Tokopedia Tbk and its competitors. According to the industry distribution chart, PT Goto Gojek Tokopedia Tbk ranks #1763 out of 2891 companies in the Software industry, placing it in the top 61%.
Is PT Goto Gojek Tokopedia Tbk's Return-on-Tangible-Asset too high?
PT Goto Gojek Tokopedia Tbk's current Return-on-Tangible-Asset is 2.31%. The Software industry median Return-on-Tangible-Asset is 2.07. PT Goto Gojek Tokopedia Tbk's value of 2.31% is 11.6% above this industry median. Based on the distribution chart, PT Goto Gojek Tokopedia Tbk ranks #1763 out of 2891 companies in the Software industry, which is below the industry midpoint. Overall, PT Goto Gojek Tokopedia Tbk has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Goto Gojek Tokopedia Tbk's Return-on-Tangible-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, PT Goto Gojek Tokopedia Tbk ranks #1763 out of 2891 companies for Return-on-Tangible-Asset. This places PT Goto Gojek Tokopedia Tbk in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. PT Goto Gojek Tokopedia Tbk's value of 2.31% is 11.6% above this benchmark. 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.07, based on 2,891 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 Goto Gojek Tokopedia Tbk's current Return-on-Tangible-Asset of 2.31% is 11.6% 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 Goto Gojek Tokopedia Tbk and its competitors. For the Software 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. PT Goto Gojek Tokopedia Tbk's current Return-on-Tangible-Asset is 2.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Goto Gojek Tokopedia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk (ISX:GOTO) is currently considered Possible Value Trap. The stock's GF Value™ is Rp85.81, compared to a current price of Rp50.00 — trading 41.7% below its estimated fair value. The current Return-on-Tangible-Asset is 2.31% and 11.6% above the Software industry median of 2.07. PT Goto Gojek Tokopedia Tbk's overall GF Score™ is 75/100 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 Goto Gojek Tokopedia Tbk (ISX:GOTO), the current Return-on-Tangible-Asset is 2.31% 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 Goto Gojek Tokopedia Tbk (ISX:GOTO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk stock appears to be undervalued.
The current stock price of Rp50.00 is trading 41.7% below its estimated GF Value™ of Rp85.81.
GuruFocus considers PT Goto Gojek Tokopedia Tbk to be Possible Value Trap.
Key valuation signals for ISX:GOTO:
Return-on-Tangible-Asset: 2.31%
GF Value™: Rp85.81 vs. price of Rp50.00 (41.7% below fair value)
Industry Position: 11.6% above the Software median (#1763 of 2891)
No single metric tells the full story. See the ISX:GOTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the financial services business to account for the majority of revenue while its on-demand business begins to become less of a priority. Prior to the deconsolidation, 82% of nonfinancial services' gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy-now, pay-later programs. The company competes with Grab in the ride-hailing and delivery business.
75GF Score
Get the complete analysis for ISX:GOTO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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