Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PT Gudang Garam Tbk's annualized net income for the quarter that ended in Mar. 2026 was $0 Mil. PT Gudang Garam Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2,874 Mil. Therefore, PT Gudang Garam Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for PT Gudang Garam Tbk's Return-on-Tangible-Equity or its related term are showing as below:
GGNPF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.06 Med: 12.02 Max: 22.65
Current: 3.05
During the past 13 years, PT Gudang Garam Tbk's highest Return-on-Tangible-Equity was 22.65%. The lowest was 2.06%. And the median was 12.02%.
GGNPF's Return-on-Tangible-Equity is ranked worse than 77.27% of 44
companies
in the Tobacco Products industry
Industry Median: 25.395
vs GGNPF: 3.05
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
PT Gudang Garam Tbk Return-on-Tangible-Equity Related Terms
PT Gudang Garam Tbk Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PT Gudang Garam Tbk's Return-on-Tangible-Equity 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.
GGNPF vs PM, MO, TPB: Return-on-Tangible-Equity Comparison
For the Tobacco subindustry, PT Gudang Garam Tbk's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Gudang Garam Tbk Return-on-Tangible-Equity vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Gudang Garam Tbk's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
PT Gudang Garam Tbk (GGNPF) has a Return-on-Tangible-Equity of 0.00% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PT Gudang Garam Tbk and its competitors. Over the past decade, PT Gudang Garam Tbk's Return-on-Tangible-Equity has ranged from 2.06 to 22.65. According to the industry distribution chart, PT Gudang Garam Tbk ranks #34 out of 44 companies in the Tobacco Products industry, placing it in the top 77.3%.
Is PT Gudang Garam Tbk's Return-on-Tangible-Equity too high?
PT Gudang Garam Tbk's current Return-on-Tangible-Equity is 0.00%. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 22.65. Based on the distribution chart, PT Gudang Garam Tbk ranks #34 out of 44 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, PT Gudang Garam Tbk has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's Return-on-Tangible-Equity compare to PM and MO?
According to the Tobacco Products industry distribution chart, PT Gudang Garam Tbk ranks #34 out of 44 companies for Return-on-Tangible-Equity. This places PT Gudang Garam Tbk in the lower half of its industry. The industry median Return-on-Tangible-Equity is 25.40. Historically, PT Gudang Garam Tbk's own Return-on-Tangible-Equity has ranged from 2.06 to 22.65 over the past decade. 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-Equity for a Tobacco Products company?
The median Return-on-Tangible-Equity among Tobacco Products companies is 25.40, based on 44 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PT Gudang Garam Tbk and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Equity is 25.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gudang Garam Tbk's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (GGNPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.85, compared to a current price of $0.96 — trading 13.1% above its estimated fair value. The current Return-on-Tangible-Equity is 0.00%. PT Gudang Garam Tbk's overall GF Score™ is 51/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For PT Gudang Garam Tbk (GGNPF), the current Return-on-Tangible-Equity is 0.00% 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 Gudang Garam Tbk (GGNPF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued.
The current stock price of $0.96 is trading 13.1% above its estimated GF Value™ of $0.85.
GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.
Key valuation signals for GGNPF:
Return-on-Tangible-Equity: 0.00%
GF Value™: $0.85 vs. price of $0.96 (13.1% above fair value)
No single metric tells the full story. See the GGNPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
51GF Score
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