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.
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:ULTJ's Return-on-Tangible-Asset is ranked better than 87.07% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.845
vs ISX:ULTJ: 16.65
PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) 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 Ultrajaya Milk Industry & Trading Co Tbk Return-on-Tangible-Asset Related Terms
PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co Tbk Return-on-Tangible-Asset Chart
PT Ultrajaya Milk Industry & Trading Co Tbk Annual Data
ISX:ULTJ vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co Tbk Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PT Ultrajaya Milk Industry & Trading Co Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Ultrajaya Milk Industry & Trading Co 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 20.62% mean?
PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) has a Return-on-Tangible-Asset of 20.62% 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 Ultrajaya Milk Industry & Trading Co Tbk and its competitors. This is 36% above median its historical median of 15.20. Over the past decade, PT Ultrajaya Milk Industry & Trading Co Tbk's Return-on-Tangible-Asset has ranged from 13.00 to 18.15. According to the industry distribution chart, PT Ultrajaya Milk Industry & Trading Co Tbk ranks #15 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 12.9%.
Is PT Ultrajaya Milk Industry & Trading Co Tbk's Return-on-Tangible-Asset too high?
PT Ultrajaya Milk Industry & Trading Co Tbk's current Return-on-Tangible-Asset of 20.62% is 36% above median its 10-year median of 15.20. Over the past 10 years, this metric has ranged from a low of 13.00 to a high of 18.15. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.85. PT Ultrajaya Milk Industry & Trading Co Tbk's value of 20.62% is 201.2% above this industry median. Based on the distribution chart, PT Ultrajaya Milk Industry & Trading Co Tbk ranks #15 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, PT Ultrajaya Milk Industry & Trading Co Tbk has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Ultrajaya Milk Industry & Trading Co Tbk's Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, PT Ultrajaya Milk Industry & Trading Co Tbk ranks #15 out of 116 companies for Return-on-Tangible-Asset. This places PT Ultrajaya Milk Industry & Trading Co Tbk in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 6.85. PT Ultrajaya Milk Industry & Trading Co Tbk's value of 20.62% is 201.2% above this benchmark. Historically, PT Ultrajaya Milk Industry & Trading Co Tbk's own Return-on-Tangible-Asset has ranged from 13.00 to 18.15 over the past decade. While the company's 10-year median is 15.20 vs. the industry median of 6.85, PT Ultrajaya Milk Industry & Trading Co 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.85, based on 116 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 Ultrajaya Milk Industry & Trading Co Tbk's current Return-on-Tangible-Asset of 20.62% is 201.2% 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 Ultrajaya Milk Industry & Trading Co Tbk and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ultrajaya Milk Industry & Trading Co Tbk's current Return-on-Tangible-Asset is 20.62%, which is 36% above median its own 10-year median of 15.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ultrajaya Milk Industry & Trading Co Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,896.47, compared to a current price of Rp1,370.00 — trading 27.8% below its estimated fair value. The current Return-on-Tangible-Asset is 20.62%, which is 36% above median its 10-year median of 15.20 and 201.2% above the Beverages - Non-Alcoholic industry median of 6.85. PT Ultrajaya Milk Industry & Trading Co Tbk's overall GF Score™ is 98/100 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 Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ), the current Return-on-Tangible-Asset is 20.62% 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 Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) Overvalued in 2026?
Based on GuruFocus' analysis, PT Ultrajaya Milk Industry & Trading Co Tbk stock appears to be undervalued.
The current stock price of Rp1,370.00 is trading 27.8% below its estimated GF Value™ of Rp1,896.47.
GuruFocus considers PT Ultrajaya Milk Industry & Trading Co Tbk to be Modestly Undervalued.
Key valuation signals for ISX:ULTJ:
Return-on-Tangible-Asset: 20.62% (36% above median its 10-year median of 15.20)
GF Value™: Rp1,896.47 vs. price of Rp1,370.00 (27.8% below fair value)
Industry Position: 201.2% above the Beverages - Non-Alcoholic median (#15 of 116)
No single metric tells the full story. See the ISX:ULTJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Ultrajaya Milk Industry & Trading Co Tbk Business Description
PT Ultrajaya Milk Industry & Trading Co Tbk is in the business of producing dairy products, beverages, and healthy drink products with ultra-high temperature technology and aseptic packaging. Its products are Freshmilk, Tea drink, Health drinks, Sweetened condensed creamer, and others. The company operates in two operating segments: Beverages and Food. It derives the majority of its revenues from the Beverages segment.
98GF Score
Get the complete analysis for ISX:ULTJ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:ULTJ has been successfully added to your 
