PT Jasa Marga (Persero) TbkPTJSY 67 Return-on-Tangible-Asset is 16.36% as of Mar. 2026, which is 41% above its 10-year median of 11.64. GuruFocus rates PTJSY with a GF Score™ of 67/100 and a GF Value™ of $4.77 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,777 Construction companies, PT Jasa Marga (Persero) Tbk ranks better than 96.06% on this metric.
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 Jasa Marga (Persero) Tbk Return-on-Tangible-Asset Related Terms
PT Jasa Marga (Persero) 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.
For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) 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 Jasa Marga (Persero) Tbk Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Jasa Marga (Persero) 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 16.36% mean?
PT Jasa Marga (Persero) Tbk (PTJSY) has a Return-on-Tangible-Asset of 16.36% 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 Jasa Marga (Persero) Tbk and its competitors. This is 41% above median its historical median of 11.64. Over the past decade, PT Jasa Marga (Persero) Tbk's Return-on-Tangible-Asset has ranged from 2.42 to 32.89. According to the industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #70 out of 1777 companies in the Construction industry, placing it in the top 3.9%.
Is PT Jasa Marga (Persero) Tbk's Return-on-Tangible-Asset too high?
PT Jasa Marga (Persero) Tbk's current Return-on-Tangible-Asset of 16.36% is 41% above median its 10-year median of 11.64. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 32.89. The Construction industry median Return-on-Tangible-Asset is 3.00. PT Jasa Marga (Persero) Tbk's value of 16.36% is 445.3% above this industry median. Based on the distribution chart, PT Jasa Marga (Persero) Tbk ranks #70 out of 1777 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PT Jasa Marga (Persero) Tbk has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Marga (Persero) Tbk's Return-on-Tangible-Asset compare to competitors?
According to the Construction industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #70 out of 1777 companies for Return-on-Tangible-Asset. This places PT Jasa Marga (Persero) Tbk in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.00. PT Jasa Marga (Persero) Tbk's value of 16.36% is 445.3% above this benchmark. Historically, PT Jasa Marga (Persero) Tbk's own Return-on-Tangible-Asset has ranged from 2.42 to 32.89 over the past decade. While the company's 10-year median is 11.64 vs. the industry median of 3.00, PT Jasa Marga (Persero) 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.00, based on 1,777 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 Jasa Marga (Persero) Tbk's current Return-on-Tangible-Asset of 16.36% is 445.3% 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 Jasa Marga (Persero) Tbk and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jasa Marga (Persero) Tbk's current Return-on-Tangible-Asset is 16.36%, which is 41% above median its own 10-year median of 11.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jasa Marga (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk (PTJSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.77, compared to a current price of $3.45 — trading 27.7% below its estimated fair value. The current Return-on-Tangible-Asset is 16.36%, which is 41% above median its 10-year median of 11.64 and 445.3% above the Construction industry median of 3.00. PT Jasa Marga (Persero) Tbk's overall GF Score™ is 67/100 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 Jasa Marga (Persero) Tbk (PTJSY), the current Return-on-Tangible-Asset is 16.36% 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 Jasa Marga (Persero) Tbk (PTJSY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk stock appears to be undervalued.
The current stock price of $3.45 is trading 27.7% below its estimated GF Value™ of $4.77.
GuruFocus considers PT Jasa Marga (Persero) Tbk to be Modestly Undervalued.
Key valuation signals for PTJSY:
Return-on-Tangible-Asset: 16.36% (41% above median its 10-year median of 11.64)
GF Value™: $4.77 vs. price of $3.45 (27.7% below fair value)
Industry Position: 445.3% above the Construction median (#70 of 1777)
No single metric tells the full story. See the PTJSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.
67GF Score
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