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ANTAM (Persero) Tbk PTISX:ANTM -0.32%96 Return-on-Tangible-Equity is 36.90% as of Mar. 2026, which is 372% above its 10-year median of 7.81. GuruFocus rates ISX:ANTM with a GF Score™ of 96/100 and a GF Value™ of Rp3,719.13 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,385 Metals & Mining companies, ANTAM (Persero) Tbk PT ranks better than 89.73% on this metric.
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. ANTAM (Persero) Tbk PT's annualized net income for the quarter that ended in Mar. 2026 was Rp13,627,128 Mil. ANTAM (Persero) Tbk PT's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp36,930,463 Mil. Therefore, ANTAM (Persero) Tbk PT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 36.90%.
The historical rank and industry rank for ANTAM (Persero) Tbk PT's Return-on-Tangible-Equity or its related term are showing as below:
ISX:ANTM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.35 Med: 7.81 Max: 24.46
Current: 24.46
During the past 13 years, ANTAM (Persero) Tbk PT's highest Return-on-Tangible-Equity was 24.46%. The lowest was 0.35%. And the median was 7.81%.
ISX:ANTM's Return-on-Tangible-Equity is ranked better than 89.73% of 2385
companies
in the Metals & Mining industry
Industry Median: -16.48
vs ISX:ANTM: 24.46
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.
ANTAM (Persero) Tbk PT Return-on-Tangible-Equity Related Terms
ANTAM (Persero) Tbk PT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ANTAM (Persero) Tbk PT'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.
ISX:ANTM vs NEM, AU, RGLD: Return-on-Tangible-Equity Comparison
For the Gold subindustry, ANTAM (Persero) Tbk PT'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.
ANTAM (Persero) Tbk PT Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, ANTAM (Persero) Tbk PT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ANTAM (Persero) Tbk PT'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 36.90% mean?
ANTAM (Persero) Tbk PT (ISX:ANTM) has a Return-on-Tangible-Equity of 36.90% 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 ANTAM (Persero) Tbk PT and its competitors. This is 372% above median its historical median of 7.81. Over the past decade, ANTAM (Persero) Tbk PT's Return-on-Tangible-Equity has ranged from 0.35 to 24.46. According to the industry distribution chart, ANTAM (Persero) Tbk PT ranks #245 out of 2385 companies in the Metals & Mining industry, placing it in the top 10.3%.
Is ANTAM (Persero) Tbk PT's Return-on-Tangible-Equity too high?
ANTAM (Persero) Tbk PT's current Return-on-Tangible-Equity of 36.90% is 372% above median its 10-year median of 7.81. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 24.46. Based on the distribution chart, ANTAM (Persero) Tbk PT ranks #245 out of 2385 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, ANTAM (Persero) Tbk PT has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ANTAM (Persero) Tbk PT's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, ANTAM (Persero) Tbk PT ranks #245 out of 2385 companies for Return-on-Tangible-Equity. This places ANTAM (Persero) Tbk PT in the top 10% of its industry — outperforming the majority of peers. Historically, ANTAM (Persero) Tbk PT's own Return-on-Tangible-Equity has ranged from 0.35 to 24.46 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. 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 ANTAM (Persero) Tbk PT and its competitors. ANTAM (Persero) Tbk PT's current Return-on-Tangible-Equity is 36.90%, which is 372% above median its own 10-year median of 7.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANTAM (Persero) Tbk PT stock overvalued right now?
Based on GuruFocus' analysis, ANTAM (Persero) Tbk PT (ISX:ANTM) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp3,719.13, compared to a current price of Rp3,070.00 — trading 17.5% below its estimated fair value. The current Return-on-Tangible-Equity is 36.90%, which is 372% above median its 10-year median of 7.81. ANTAM (Persero) Tbk PT's overall GF Score™ is 96/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For ANTAM (Persero) Tbk PT (ISX:ANTM), the current Return-on-Tangible-Equity is 36.90% 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 ANTAM (Persero) Tbk PT (ISX:ANTM) Overvalued in 2026?
Based on GuruFocus' analysis, ANTAM (Persero) Tbk PT stock appears to be undervalued.
The current stock price of Rp3,070.00 is trading 17.5% below its estimated GF Value™ of Rp3,719.13.
GuruFocus considers ANTAM (Persero) Tbk PT to be Modestly Undervalued.
Key valuation signals for ISX:ANTM:
Return-on-Tangible-Equity: 36.90% (372% above median its 10-year median of 7.81)
GF Value™: Rp3,719.13 vs. price of Rp3,070.00 (17.5% below fair value)
No single metric tells the full story. See the ISX:ANTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANTAM (Persero) Tbk PT is a vertically integrated, export-oriented, diversified mining and metals company, from upstream to downstream. Its business activities include exploration, excavation, processing through to marketing of nickel ore, ferronickel, gold, silver, and bauxite commodities.
96GF Score
Get the complete analysis for ISX:ANTM
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