PT Aracord Nusantara Group Tbk (ISX:RONY) Return-on-Tangible-Asset: -11.67% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:RONY PT Aracord Nusantara Group Tbk ISX:RONY
44 GF Score
Price Rp1,490.00
GF Value Rp4,186.54
Valuation Significantly Undervalued
View Full Analysis

What is PT Aracord Nusantara Group Tbk Return-on-Tangible-Asset?

PT Aracord Nusantara Group Tbk ISX:RONY +9.96% 44 Return-on-Tangible-Asset is -11.67% as of Mar. 2026. GuruFocus rates ISX:RONY with a GF Score™ of 44/100 and a GF Value™ of Rp4,186.54 (Significantly Undervalued). Among 1,780 Construction companies, PT Aracord Nusantara Group Tbk ranks worse than 78.15% 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 Aracord Nusantara Group Tbk's annualized Net Income for the quarter that ended in Mar. 2026 was Rp-7,035 Mil. PT Aracord Nusantara Group Tbk's average total tangible assets for the quarter that ended in Mar. 2026 was Rp60,279 Mil. Therefore, PT Aracord Nusantara Group Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -11.67%.

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

ISX:RONY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1122.02   Med: 1.65   Max: 105.36
Current: -1.27

During the past 5 years, PT Aracord Nusantara Group Tbk's highest Return-on-Tangible-Asset was 105.36%. The lowest was -1122.02%. And the median was 1.65%.

ISX:RONY's Return-on-Tangible-Asset is ranked worse than
78.15% of 1780 companies
in the Construction industry
Industry Median: 3.06 vs ISX:RONY: -1.27

PT Aracord Nusantara Group Tbk  (ISX:RONY) 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 Aracord Nusantara Group Tbk Return-on-Tangible-Asset Related Terms


PT Aracord Nusantara Group Tbk Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for PT Aracord Nusantara Group 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 Aracord Nusantara Group Tbk Return-on-Tangible-Asset Chart

PT Aracord Nusantara Group Tbk Annual Data
Trend Dec17 Dec18 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
-1,122.02 105.36 1.65 23.55 0.60

PT Aracord Nusantara Group Tbk Quarterly Data
Dec17 Dec18 Sep19 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 -72.22 -31.09 -56.67 39.15 -11.67

ISX:RONY vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison

For the Engineering & Construction subindustry, PT Aracord Nusantara Group 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 Aracord Nusantara Group Tbk Return-on-Tangible-Asset vs Construction Industry

For the Construction industry and Industrials sector, PT Aracord Nusantara Group Tbk's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where PT Aracord Nusantara Group Tbk's Return-on-Tangible-Asset falls into.


ISX:RONY
44GF Score
PT Aracord Nusantara Group Tbk ISX:RONY
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Aracord Nusantara Group Tbk Return-on-Tangible-Asset Calculation

PT Aracord Nusantara Group 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 )
=199.901/( (7221.103+59244.817)/ 2 )
=199.901/33232.96
=0.60 %

PT Aracord Nusantara Group 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 )
=-7034.804/( (59244.817+61313.246)/ 2 )
=-7034.804/60279.0315
=-11.67 %

* 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 -11.67% mean?
PT Aracord Nusantara Group Tbk (ISX:RONY) has a Return-on-Tangible-Asset of -11.67% 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 Aracord Nusantara Group Tbk and its competitors. According to the industry distribution chart, PT Aracord Nusantara Group Tbk ranks #1391 out of 1780 companies in the Construction industry, placing it in the top 78.1%.
Is PT Aracord Nusantara Group Tbk's Return-on-Tangible-Asset too high?
PT Aracord Nusantara Group Tbk's current Return-on-Tangible-Asset is -11.67%. Based on the distribution chart, PT Aracord Nusantara Group Tbk ranks #1391 out of 1780 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PT Aracord Nusantara Group Tbk has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Aracord Nusantara Group Tbk's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, PT Aracord Nusantara Group Tbk ranks #1391 out of 1780 companies for Return-on-Tangible-Asset. This places PT Aracord Nusantara Group Tbk in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.06. 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,780 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 PT Aracord Nusantara Group Tbk and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Aracord Nusantara Group Tbk's current Return-on-Tangible-Asset is -11.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Aracord Nusantara Group Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Aracord Nusantara Group Tbk (ISX:RONY) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp4,186.54, compared to a current price of Rp1,490.00 — trading 64.4% below its estimated fair value. The current Return-on-Tangible-Asset is -11.67%. PT Aracord Nusantara Group Tbk's overall GF Score™ is 44/100. 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 Aracord Nusantara Group Tbk (ISX:RONY), the current Return-on-Tangible-Asset is -11.67% 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 Aracord Nusantara Group Tbk (ISX:RONY) Overvalued in 2026?

Based on GuruFocus' analysis, PT Aracord Nusantara Group Tbk stock appears to be undervalued. The current stock price of Rp1,490.00 is trading 64.4% below its estimated GF Value™ of Rp4,186.54. GuruFocus considers PT Aracord Nusantara Group Tbk to be Significantly Undervalued.

Key valuation signals for ISX:RONY:

  • Return-on-Tangible-Asset: -11.67%
  • GF Value™: Rp4,186.54 vs. price of Rp1,490.00 (64.4% below fair value)
  • GF Score™: 44/100

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


PT Aracord Nusantara Group Tbk Business Description

Address Jalan Jenderal Sudirman Kav 5-6, Lantai 23, Zona F, Menara Astra, RT 010 / RW 006, Karet Tengsin, Tanah Abang, Jakarta, IDN, 10220
PT Aracord Nusantara Group Tbk is engaged in heavy constructions & civil engineering activities.
44GF Score

Get the complete analysis for ISX:RONY

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

Rp1,490.00
Price
Rp4,186.54
GF Value