PT Adirana Armada TbkISX:ASSA +1.72%89 Return-on-Tangible-Equity is 18.85% as of Mar. 2026, which is 77% above its 10-year median of 10.67. GuruFocus rates ISX:ASSA with a GF Score™ of 89/100 and a GF Value™ of Rp1,060.40 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,009 Business Services companies, PT Adirana Armada Tbk ranks better than 69.97% 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. PT Adirana Armada Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp393,902 Mil. PT Adirana Armada Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp2,089,783 Mil. Therefore, PT Adirana Armada Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.85%.
The historical rank and industry rank for PT Adirana Armada Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:ASSA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.68 Med: 10.67 Max: 21.83
Current: 20.76
During the past 13 years, PT Adirana Armada Tbk's highest Return-on-Tangible-Equity was 21.83%. The lowest was 6.68%. And the median was 10.67%.
ISX:ASSA's Return-on-Tangible-Equity is ranked better than 69.97% of 1009
companies
in the Business Services industry
Industry Median: 10.56
vs ISX:ASSA: 20.76
PT Adirana Armada Tbk (ISX:ASSA) Return-on-Tangible-Equity Explanation
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 Adirana Armada Tbk Return-on-Tangible-Equity Related Terms
PT Adirana Armada Tbk Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PT Adirana Armada 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.
PT Adirana Armada Tbk Return-on-Tangible-Equity Chart
ISX:ASSA vs URI, SUNB, AER: Return-on-Tangible-Equity Comparison
For the Rental & Leasing Services subindustry, PT Adirana Armada 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 Adirana Armada Tbk Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Adirana Armada 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 18.85% mean?
PT Adirana Armada Tbk (ISX:ASSA) has a Return-on-Tangible-Equity of 18.85% 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 Adirana Armada Tbk and its competitors. This is 77% above median its historical median of 10.67. Over the past decade, PT Adirana Armada Tbk's Return-on-Tangible-Equity has ranged from 6.68 to 21.83. According to the industry distribution chart, PT Adirana Armada Tbk ranks #303 out of 1009 companies in the Business Services industry, placing it in the top 30%.
Is PT Adirana Armada Tbk's Return-on-Tangible-Equity too high?
PT Adirana Armada Tbk's current Return-on-Tangible-Equity of 18.85% is 77% above median its 10-year median of 10.67. Over the past 10 years, this metric has ranged from a low of 6.68 to a high of 21.83. The Business Services industry median Return-on-Tangible-Equity is 10.56. PT Adirana Armada Tbk's value of 18.85% is 78.5% above this industry median. Based on the distribution chart, PT Adirana Armada Tbk ranks #303 out of 1009 companies in the Business Services industry, which is above the industry midpoint. Overall, PT Adirana Armada Tbk has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's Return-on-Tangible-Equity compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Adirana Armada Tbk ranks #303 out of 1009 companies for Return-on-Tangible-Equity. This puts PT Adirana Armada Tbk in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.56. PT Adirana Armada Tbk's value of 18.85% is 78.5% above this benchmark. Historically, PT Adirana Armada Tbk's own Return-on-Tangible-Equity has ranged from 6.68 to 21.83 over the past decade. While the company's 10-year median is 10.67 vs. the industry median of 10.56, PT Adirana Armada 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-Equity for a Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.56, based on 1,009 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. PT Adirana Armada Tbk's current Return-on-Tangible-Equity of 18.85% is 78.5% 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-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 Adirana Armada Tbk and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Adirana Armada Tbk's current Return-on-Tangible-Equity is 18.85%, which is 77% above median its own 10-year median of 10.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,060.40, compared to a current price of Rp590.00 — trading 44.4% below its estimated fair value. The current Return-on-Tangible-Equity is 18.85%, which is 77% above median its 10-year median of 10.67 and 78.5% above the Business Services industry median of 10.56. PT Adirana Armada Tbk's overall GF Score™ is 89/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For PT Adirana Armada Tbk (ISX:ASSA), the current Return-on-Tangible-Equity is 18.85% 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 Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued.
The current stock price of Rp590.00 is trading 44.4% below its estimated GF Value™ of Rp1,060.40.
GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.
Key valuation signals for ISX:ASSA:
Return-on-Tangible-Equity: 18.85% (77% above median its 10-year median of 10.67)
GF Value™: Rp1,060.40 vs. price of Rp590.00 (44.4% below fair value)
Industry Position: 78.5% above the Business Services median (#303 of 1009)
No single metric tells the full story. See the ISX:ASSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
89GF Score
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