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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 TBS Energi Utama Tbk's annualizedNet Income for the quarter that ended in Mar. 2026 was Rp-613,858 Mil. PT TBS Energi Utama Tbk's average total tangible assets for the quarter that ended in Mar. 2026 was Rp10,952,584 Mil. Therefore, PT TBS Energi Utama Tbk's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -5.60%.
The historical rank and industry rank for PT TBS Energi Utama Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:TOBA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.05 Med: 4.16 Max: 9.33
Current: -15.65
During the past 13 years, PT TBS Energi Utama Tbk's highest Return-on-Tangible-Asset was 9.33%. The lowest was -22.05%. And the median was 4.16%.
ISX:TOBA's Return-on-Tangible-Asset is ranked worse than 74.59% of 185
companies
in the Other Energy Sources industry
Industry Median: -0.61
vs ISX:TOBA: -15.65
PT TBS Energi Utama Tbk (ISX:TOBA) 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 TBS Energi Utama Tbk Return-on-Tangible-Asset Related Terms
PT TBS Energi Utama Tbk Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PT TBS Energi Utama 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 TBS Energi Utama Tbk Return-on-Tangible-Asset Chart
PT TBS Energi Utama Tbk Return-on-Tangible-Asset Competitor Comparison
For the Thermal Coal subindustry, PT TBS Energi Utama 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 TBS Energi Utama Tbk Return-on-Tangible-Asset vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT TBS Energi Utama Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT TBS Energi Utama 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 -5.60% mean?
PT TBS Energi Utama Tbk (ISX:TOBA) has a Return-on-Tangible-Asset of -5.60% 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 TBS Energi Utama Tbk and its competitors. According to the industry distribution chart, PT TBS Energi Utama Tbk ranks #138 out of 185 companies in the Other Energy Sources industry, placing it in the top 74.6%.
Is PT TBS Energi Utama Tbk's Return-on-Tangible-Asset too high?
PT TBS Energi Utama Tbk's current Return-on-Tangible-Asset is -5.60%. Based on the distribution chart, PT TBS Energi Utama Tbk ranks #138 out of 185 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, PT TBS Energi Utama Tbk has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT TBS Energi Utama Tbk's Return-on-Tangible-Asset compare to competitors?
According to the Other Energy Sources industry distribution chart, PT TBS Energi Utama Tbk ranks #138 out of 185 companies for Return-on-Tangible-Asset. This places PT TBS Energi Utama Tbk in the lower half of its industry. 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 Other Energy Sources company?
A good Return-on-Tangible-Asset depends on the Other Energy Sources industry context. 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 TBS Energi Utama Tbk and its competitors. PT TBS Energi Utama Tbk's current Return-on-Tangible-Asset is -5.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT TBS Energi Utama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT TBS Energi Utama Tbk (ISX:TOBA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp316.93, compared to a current price of Rp464.00 — trading 46.4% above its estimated fair value. The current Return-on-Tangible-Asset is -5.60%. PT TBS Energi Utama Tbk's overall GF Score™ is 64/100 with 6 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 TBS Energi Utama Tbk (ISX:TOBA), the current Return-on-Tangible-Asset is -5.60% 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 TBS Energi Utama Tbk (ISX:TOBA) Overvalued in 2026?
Based on GuruFocus' analysis, PT TBS Energi Utama Tbk stock appears to be overvalued.
The current stock price of Rp464.00 is trading 46.4% above its estimated GF Value™ of Rp316.93.
GuruFocus considers PT TBS Energi Utama Tbk to be Significantly Overvalued.
Key valuation signals for ISX:TOBA:
Return-on-Tangible-Asset: -5.60%
GF Value™: Rp316.93 vs. price of Rp464.00 (46.4% above fair value)
No single metric tells the full story. See the ISX:TOBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT TBS Energi Utama Tbk is an integrated energy company operating in Indonesia and Singapore. The company has a diversified business portfolio that includes waste management, renewable energy, and electric vehicles. It is involved in activities aimed at lowering carbon emissions and developing low-carbon energy solutions. The company operates across various locations such as Gorontalo, East Kalimantan, Batam, Lampung, and Central Java. The Group operating segments are coal mining, coal trading, IPP, waste management and others. It derives maximum revenue from Waste Management segment. Geographically, the group operates Overseas as well as Domestic. It generates majority revenue from Overseas.
64GF Score
Get the complete analysis for ISX:TOBA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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