PT Jasa Armada Indonesia TbkISX:IPCM +0.65%94 Return-on-Tangible-Equity is 13.19% as of Mar. 2026, which is 2% above its 10-year median of 12.88. GuruFocus rates ISX:IPCM with a GF Score™ of 94/100 and a GF Value™ of Rp350.91 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 974 Transportation companies, PT Jasa Armada Indonesia Tbk ranks better than 68.69% 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 Jasa Armada Indonesia Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp182,296 Mil. PT Jasa Armada Indonesia Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp1,382,581 Mil. Therefore, PT Jasa Armada Indonesia Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.19%.
The historical rank and industry rank for PT Jasa Armada Indonesia Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:IPCM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.12 Med: 12.88 Max: 34.76
Current: 14.54
During the past 10 years, PT Jasa Armada Indonesia Tbk's highest Return-on-Tangible-Equity was 34.76%. The lowest was 7.12%. And the median was 12.88%.
ISX:IPCM's Return-on-Tangible-Equity is ranked better than 68.69% of 974
companies
in the Transportation industry
Industry Median: 8.985
vs ISX:IPCM: 14.54
PT Jasa Armada Indonesia Tbk (ISX:IPCM) 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 Jasa Armada Indonesia Tbk Return-on-Tangible-Equity Related Terms
PT Jasa Armada Indonesia Tbk Return-on-Tangible-Equity 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.
PT Jasa Armada Indonesia Tbk Return-on-Tangible-Equity Chart
PT Jasa Armada Indonesia Tbk Return-on-Tangible-Equity Competitor Comparison
For the Marine Shipping subindustry, PT Jasa Armada Indonesia 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 Jasa Armada Indonesia Tbk Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, PT Jasa Armada Indonesia Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Jasa Armada Indonesia 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 13.19% mean?
PT Jasa Armada Indonesia Tbk (ISX:IPCM) has a Return-on-Tangible-Equity of 13.19% 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 Jasa Armada Indonesia Tbk and its competitors. This is near median its historical median of 12.88. Over the past decade, PT Jasa Armada Indonesia Tbk's Return-on-Tangible-Equity has ranged from 7.12 to 34.76. According to the industry distribution chart, PT Jasa Armada Indonesia Tbk ranks #305 out of 974 companies in the Transportation industry, placing it in the top 31.3%.
Is PT Jasa Armada Indonesia Tbk's Return-on-Tangible-Equity too high?
PT Jasa Armada Indonesia Tbk's current Return-on-Tangible-Equity of 13.19% is near median its 10-year median of 12.88. Over the past 10 years, this metric has ranged from a low of 7.12 to a high of 34.76. The Transportation industry median Return-on-Tangible-Equity is 8.99. PT Jasa Armada Indonesia Tbk's value of 13.19% is 46.8% above this industry median. Based on the distribution chart, PT Jasa Armada Indonesia Tbk ranks #305 out of 974 companies in the Transportation industry, which is above the industry midpoint. Overall, PT Jasa Armada Indonesia Tbk has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Armada Indonesia Tbk's Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, PT Jasa Armada Indonesia Tbk ranks #305 out of 974 companies for Return-on-Tangible-Equity. This puts PT Jasa Armada Indonesia Tbk in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.99. PT Jasa Armada Indonesia Tbk's value of 13.19% is 46.8% above this benchmark. Historically, PT Jasa Armada Indonesia Tbk's own Return-on-Tangible-Equity has ranged from 7.12 to 34.76 over the past decade. While the company's 10-year median is 12.88 vs. the industry median of 8.99, PT Jasa Armada Indonesia 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.99, based on 974 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 Jasa Armada Indonesia Tbk's current Return-on-Tangible-Equity of 13.19% is 46.8% 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 Jasa Armada Indonesia Tbk and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jasa Armada Indonesia Tbk's current Return-on-Tangible-Equity is 13.19%, which is near median its own 10-year median of 12.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jasa Armada Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jasa Armada Indonesia Tbk (ISX:IPCM) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp350.91, compared to a current price of Rp308.00 — trading 12.2% below its estimated fair value. The current Return-on-Tangible-Equity is 13.19%, which is near median its 10-year median of 12.88 and 46.8% above the Transportation industry median of 8.99. PT Jasa Armada Indonesia Tbk's overall GF Score™ is 94/100 with 4 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 Jasa Armada Indonesia Tbk (ISX:IPCM), the current Return-on-Tangible-Equity is 13.19% 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 Armada Indonesia Tbk (ISX:IPCM) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jasa Armada Indonesia Tbk stock appears to be undervalued.
The current stock price of Rp308.00 is trading 12.2% below its estimated GF Value™ of Rp350.91.
GuruFocus considers PT Jasa Armada Indonesia Tbk to be Modestly Undervalued.
Key valuation signals for ISX:IPCM:
Return-on-Tangible-Equity: 13.19% (near median its 10-year median of 12.88)
GF Value™: Rp350.91 vs. price of Rp308.00 (12.2% below fair value)
Industry Position: 46.8% above the Transportation median (#305 of 974)
No single metric tells the full story. See the ISX:IPCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Jasa Armada Indonesia Tbk is engaged in pilotage and towage services for container vessels, dry and liquid bulk, inland waterways, and offshore STS. The company also provides fleet maintenance services. The company's operating segments are Vessel Services, and Freight Services & Other Services. The company generates maximum revenue from the Vessel services segment.
94GF Score
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