PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Return-on-Tangible-Asset: 11.58% (As of Mar. 2026) — 23% Below Median

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ISX:MAHA PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA
77 GF Score
Price Rp140.00
GF Value Rp233.00
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is PT Mandiri Herindo Adiperkasa Tbk Return-on-Tangible-Asset?

PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA -0.71% 77 Return-on-Tangible-Asset is 11.58% as of Mar. 2026, which is 23% below its 10-year median of 15.08. GuruFocus rates ISX:MAHA with a GF Score™ of 77/100 and a GF Value™ of Rp233.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,012 Transportation companies, PT Mandiri Herindo Adiperkasa Tbk ranks better than 88.64% 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 Mandiri Herindo Adiperkasa Tbk's annualized Net Income for the quarter that ended in Mar. 2026 was Rp347,926 Mil. PT Mandiri Herindo Adiperkasa Tbk's average total tangible assets for the quarter that ended in Mar. 2026 was Rp3,005,237 Mil. Therefore, PT Mandiri Herindo Adiperkasa Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.58%.

The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's Return-on-Tangible-Asset or its related term are showing as below:

ISX:MAHA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.51   Med: 15.08   Max: 37.48
Current: 11.4

During the past 6 years, PT Mandiri Herindo Adiperkasa Tbk's highest Return-on-Tangible-Asset was 37.48%. The lowest was 8.51%. And the median was 15.08%.

ISX:MAHA's Return-on-Tangible-Asset is ranked better than
88.64% of 1012 companies
in the Transportation industry
Industry Median: 3.755 vs ISX:MAHA: 11.40

PT Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) Return-on-Tangible-Asset Explanation

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 company’s 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 company’s 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 Mandiri Herindo Adiperkasa Tbk Return-on-Tangible-Asset Related Terms


PT Mandiri Herindo Adiperkasa Tbk Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for PT Mandiri Herindo Adiperkasa 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.

PT Mandiri Herindo Adiperkasa Tbk Return-on-Tangible-Asset Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 33.59 37.48 12.88 11.29 8.51

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset 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 1.61 0.28 10.43 22.82 11.58

ISX:MAHA vs ODFL, XPO, KNX: Return-on-Tangible-Asset Comparison

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk Return-on-Tangible-Asset vs Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's Return-on-Tangible-Asset falls into.


ISX:MAHA
77GF Score
PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Mandiri Herindo Adiperkasa Tbk Return-on-Tangible-Asset Calculation

PT Mandiri Herindo Adiperkasa Tbk's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=242527.087/( (2703008.859+2996031.812)/ 2 )
=242527.087/2849520.3355
=8.51 %

PT Mandiri Herindo Adiperkasa Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=347925.58/( (2996031.812+3014442.331)/ 2 )
=347925.58/3005237.0715
=11.58 %

* 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 11.58% mean?
PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) has a Return-on-Tangible-Asset of 11.58% 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 Mandiri Herindo Adiperkasa Tbk and its competitors. This is 23% below median its historical median of 15.08. Over the past decade, PT Mandiri Herindo Adiperkasa Tbk's Return-on-Tangible-Asset has ranged from 8.51 to 37.48. According to the industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #115 out of 1012 companies in the Transportation industry, placing it in the top 11.4%.
Is PT Mandiri Herindo Adiperkasa Tbk's Return-on-Tangible-Asset too high?
PT Mandiri Herindo Adiperkasa Tbk's current Return-on-Tangible-Asset of 11.58% is 23% below median its 10-year median of 15.08. Over the past 10 years, this metric has ranged from a low of 8.51 to a high of 37.48. The Transportation industry median Return-on-Tangible-Asset is 3.76. PT Mandiri Herindo Adiperkasa Tbk's value of 11.58% is 208.4% above this industry median. Based on the distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #115 out of 1012 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, PT Mandiri Herindo Adiperkasa Tbk has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mandiri Herindo Adiperkasa Tbk's Return-on-Tangible-Asset compare to ODFL and XPO?
According to the Transportation industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #115 out of 1012 companies for Return-on-Tangible-Asset. This places PT Mandiri Herindo Adiperkasa Tbk in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.76. PT Mandiri Herindo Adiperkasa Tbk's value of 11.58% is 208.4% above this benchmark. Historically, PT Mandiri Herindo Adiperkasa Tbk's own Return-on-Tangible-Asset has ranged from 8.51 to 37.48 over the past decade. While the company's 10-year median is 15.08 vs. the industry median of 3.76, PT Mandiri Herindo Adiperkasa 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 Transportation company?
The median Return-on-Tangible-Asset among Transportation companies is 3.76, based on 1,012 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 Mandiri Herindo Adiperkasa Tbk's current Return-on-Tangible-Asset of 11.58% is 208.4% 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 Mandiri Herindo Adiperkasa Tbk and its competitors. For the Transportation industry, the median Return-on-Tangible-Asset is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mandiri Herindo Adiperkasa Tbk's current Return-on-Tangible-Asset is 11.58%, which is 23% below median its own 10-year median of 15.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mandiri Herindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp233.00, compared to a current price of Rp140.00 — trading 39.9% below its estimated fair value. The current Return-on-Tangible-Asset is 11.58%, which is 23% below median its 10-year median of 15.08 and 208.4% above the Transportation industry median of 3.76. PT Mandiri Herindo Adiperkasa Tbk's overall GF Score™ is 77/100 with 3 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA), the current Return-on-Tangible-Asset is 11.58% 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk stock appears to be undervalued. The current stock price of Rp140.00 is trading 39.9% below its estimated GF Value™ of Rp233.00. GuruFocus considers PT Mandiri Herindo Adiperkasa Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MAHA:

  • Return-on-Tangible-Asset: 11.58% (23% below median its 10-year median of 15.08)
  • GF Value™: Rp233.00 vs. price of Rp140.00 (39.9% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 208.4% above the Transportation median (#115 of 1012)

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


PT Mandiri Herindo Adiperkasa Tbk Business Description

Address Jl. Jend. Sudirman Kav. 52 - 53, Senopati Raya No. 8B, Gedung Office 8, Floor 31, Unit A, SCBD Lot 28, Kebayoran Baru, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers, and dump trucks, with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments, which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates the majority of its revenue from the East Kalimantan segment.
77GF Score

Get the complete analysis for ISX:MAHA

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp140.00
Price
Rp233.00
GF Value