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.
PT Elnusa TbkISX:ELSA -1.53%92 Return-on-Tangible-Equity is 14.05% as of Mar. 2026, which is 40% above its 10-year median of 10.02. GuruFocus rates ISX:ELSA with a GF Score™ of 92/100 and a GF Value™ of Rp514.01 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 942 Oil & Gas companies, PT Elnusa Tbk ranks better than 69.75% 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 Elnusa Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp758,220 Mil. PT Elnusa Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp5,394,678 Mil. Therefore, PT Elnusa Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.05%.
The historical rank and industry rank for PT Elnusa Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:ELSA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.9 Med: 10.02 Max: 15.37
Current: 13.91
During the past 13 years, PT Elnusa Tbk's highest Return-on-Tangible-Equity was 15.37%. The lowest was 2.90%. And the median was 10.02%.
ISX:ELSA's Return-on-Tangible-Equity is ranked better than 69.75% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs ISX:ELSA: 13.91
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 Elnusa Tbk Return-on-Tangible-Equity Related Terms
PT Elnusa Tbk Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PT Elnusa 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.
ISX:ELSA vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, PT Elnusa 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 Elnusa Tbk Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PT Elnusa Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Elnusa 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 14.05% mean?
PT Elnusa Tbk (ISX:ELSA) has a Return-on-Tangible-Equity of 14.05% 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 Elnusa Tbk and its competitors. This is 40% above median its historical median of 10.02. Over the past decade, PT Elnusa Tbk's Return-on-Tangible-Equity has ranged from 2.90 to 15.37. According to the industry distribution chart, PT Elnusa Tbk ranks #285 out of 942 companies in the Oil & Gas industry, placing it in the top 30.3%.
Is PT Elnusa Tbk's Return-on-Tangible-Equity too high?
PT Elnusa Tbk's current Return-on-Tangible-Equity of 14.05% is 40% above median its 10-year median of 10.02. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 15.37. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. PT Elnusa Tbk's value of 14.05% is 107.5% above this industry median. Based on the distribution chart, PT Elnusa Tbk ranks #285 out of 942 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, PT Elnusa Tbk has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Elnusa Tbk's Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, PT Elnusa Tbk ranks #285 out of 942 companies for Return-on-Tangible-Equity. This puts PT Elnusa Tbk in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.77. PT Elnusa Tbk's value of 14.05% is 107.5% above this benchmark. Historically, PT Elnusa Tbk's own Return-on-Tangible-Equity has ranged from 2.90 to 15.37 over the past decade. While the company's 10-year median is 10.02 vs. the industry median of 6.77, PT Elnusa 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 an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.77, based on 942 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 Elnusa Tbk's current Return-on-Tangible-Equity of 14.05% is 107.5% 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 Elnusa Tbk and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Elnusa Tbk's current Return-on-Tangible-Equity is 14.05%, which is 40% above median its own 10-year median of 10.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Elnusa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Elnusa Tbk (ISX:ELSA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp514.01, compared to a current price of Rp645.00 — trading 25.5% above its estimated fair value. The current Return-on-Tangible-Equity is 14.05%, which is 40% above median its 10-year median of 10.02 and 107.5% above the Oil & Gas industry median of 6.77. PT Elnusa Tbk's overall GF Score™ is 92/100 with 2 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 Elnusa Tbk (ISX:ELSA), the current Return-on-Tangible-Equity is 14.05% 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 Elnusa Tbk (ISX:ELSA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Elnusa Tbk stock appears to be overvalued.
The current stock price of Rp645.00 is trading 25.5% above its estimated GF Value™ of Rp514.01.
GuruFocus considers PT Elnusa Tbk to be Modestly Overvalued.
Key valuation signals for ISX:ELSA:
Return-on-Tangible-Equity: 14.05% (40% above median its 10-year median of 10.02)
GF Value™: Rp514.01 vs. price of Rp645.00 (25.5% above fair value)
Industry Position: 107.5% above the Oil & Gas median (#285 of 942)
No single metric tells the full story. See the ISX:ELSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Elnusa Tbk is engaged in upstream oil and gas services and investing in shares of stock of subsidiaries and joint ventures that are engaged in various businesses in oil and gas support services and energy distribution and logistics services. The company also provides goods and services including providing and managing office space for its subsidiaries, related parties and third parties. Its business segments are: Integrated upstream oil and gas services, Oil and gas support services, and Sales of goods and energy distribution and logistics services. The majority of the company's revenue is derived from the Sales of goods and energy distribution and logistics services segment, which provides storage services, trading, distribution and marketing of oil and gas products in Indonesia.
92GF Score
Get the complete analysis for ISX:ELSA
Return-on-Tangible-Equity 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:ELSA has been successfully added to your 
