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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 Sinar Mas Multiartha Tbk's annualizedNet Income for the quarter that ended in Mar. 2026 was Rp2,237,736 Mil. PT Sinar Mas Multiartha Tbk's average total tangible assets for the quarter that ended in Mar. 2026 was Rp121,802,812 Mil. Therefore, PT Sinar Mas Multiartha Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.84%.
The historical rank and industry rank for PT Sinar Mas Multiartha Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:SMMA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.02 Med: 1.21 Max: 4.97
Current: 1.83
During the past 13 years, PT Sinar Mas Multiartha Tbk's highest Return-on-Tangible-Asset was 4.97%. The lowest was -0.02%. And the median was 1.21%.
ISX:SMMA's Return-on-Tangible-Asset is ranked worse than 61.39% of 505
companies
in the Insurance industry
Industry Median: 2.88
vs ISX:SMMA: 1.83
PT Sinar Mas Multiartha Tbk (ISX:SMMA) 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 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 Sinar Mas Multiartha Tbk Return-on-Tangible-Asset Related Terms
PT Sinar Mas Multiartha 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.
PT Sinar Mas Multiartha Tbk Return-on-Tangible-Asset Chart
ISX:SMMA vs BRK.A, AIG, HIG: Return-on-Tangible-Asset Comparison
For the Insurance - Diversified subindustry, PT Sinar Mas Multiartha 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 Sinar Mas Multiartha Tbk Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, PT Sinar Mas Multiartha Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Sinar Mas Multiartha 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 1.84% mean?
PT Sinar Mas Multiartha Tbk (ISX:SMMA) has a Return-on-Tangible-Asset of 1.84% 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 Sinar Mas Multiartha Tbk and its competitors. This is 52% above median its historical median of 1.21. According to the industry distribution chart, PT Sinar Mas Multiartha Tbk ranks #310 out of 505 companies in the Insurance industry, placing it in the top 61.4%.
Is PT Sinar Mas Multiartha Tbk's Return-on-Tangible-Asset too high?
PT Sinar Mas Multiartha Tbk's current Return-on-Tangible-Asset of 1.84% is 52% above median its 10-year median of 1.21. The Insurance industry median Return-on-Tangible-Asset is 2.88. PT Sinar Mas Multiartha Tbk's value of 1.84% is 36.1% below this industry median. Based on the distribution chart, PT Sinar Mas Multiartha Tbk ranks #310 out of 505 companies in the Insurance industry, which is below the industry midpoint. Overall, PT Sinar Mas Multiartha Tbk has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Sinar Mas Multiartha Tbk's Return-on-Tangible-Asset compare to BRK.A and AIG?
According to the Insurance industry distribution chart, PT Sinar Mas Multiartha Tbk ranks #310 out of 505 companies for Return-on-Tangible-Asset. This places PT Sinar Mas Multiartha Tbk in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.88. PT Sinar Mas Multiartha Tbk's value of 1.84% is 36.1% below this benchmark. While the company's 10-year median is 1.21 vs. the industry median of 2.88, PT Sinar Mas Multiartha Tbk has consistently been below 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 an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.88, based on 505 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 Sinar Mas Multiartha Tbk's current Return-on-Tangible-Asset of 1.84% is 36.1% below 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 Sinar Mas Multiartha Tbk and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Sinar Mas Multiartha Tbk's current Return-on-Tangible-Asset is 1.84%, which is 52% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Sinar Mas Multiartha Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Sinar Mas Multiartha Tbk (ISX:SMMA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp15,929.52, compared to a current price of Rp20,175.00 — trading 26.7% above its estimated fair value. The current Return-on-Tangible-Asset is 1.84%, which is 52% above median its 10-year median of 1.21 and 36.1% below the Insurance industry median of 2.88. PT Sinar Mas Multiartha Tbk's overall GF Score™ is 63/100 with 2 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 Sinar Mas Multiartha Tbk (ISX:SMMA), the current Return-on-Tangible-Asset is 1.84% 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 Sinar Mas Multiartha Tbk (ISX:SMMA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Sinar Mas Multiartha Tbk stock appears to be overvalued.
The current stock price of Rp20,175.00 is trading 26.7% above its estimated GF Value™ of Rp15,929.52.
GuruFocus considers PT Sinar Mas Multiartha Tbk to be Modestly Overvalued.
Key valuation signals for ISX:SMMA:
Return-on-Tangible-Asset: 1.84% (52% above median its 10-year median of 1.21)
GF Value™: Rp15,929.52 vs. price of Rp20,175.00 (26.7% above fair value)
Industry Position: 36.1% below the Insurance median (#310 of 505)
No single metric tells the full story. See the ISX:SMMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Sinar Mas Multiartha Tbk provides an integrated and comprehensive range of financial services in Indonesia. The company is engaged in insurance underwriting, consumer financing, factoring of accounts, securities administration, securities brokerage, investment management, banking, development, Information technology, trading, and other related services. It is also involved in the auction house, property, health clinic, and workshop activities.
63GF Score
Get the complete analysis for ISX:SMMA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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