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PT Meratus Jasa Prima TbkISX:KARW 63 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates ISX:KARW with a GF Score™ of 63/100 and a GF Value™ of Rp394.47 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 977 Transportation companies, PT Meratus Jasa Prima Tbk ranks worse than 102354.04% 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 Meratus Jasa Prima Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp1,219 Mil. PT Meratus Jasa Prima Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp-543,329 Mil. Therefore, PT Meratus Jasa Prima Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for PT Meratus Jasa Prima Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:KARW's Return-on-Tangible-Equity is not ranked *
in the Transportation industry.
Industry Median: 9 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
PT Meratus Jasa Prima Tbk (ISX:KARW) 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 Meratus Jasa Prima Tbk Return-on-Tangible-Equity Related Terms
PT Meratus Jasa Prima Tbk Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk Return-on-Tangible-Equity Chart
PT Meratus Jasa Prima Tbk Return-on-Tangible-Equity Competitor Comparison
For the Marine Shipping subindustry, PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, PT Meratus Jasa Prima Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Meratus Jasa Prima 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 Negative Tangible Equity% mean?
PT Meratus Jasa Prima Tbk (ISX:KARW) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Meratus Jasa Prima Tbk and its competitors. According to the industry distribution chart, PT Meratus Jasa Prima Tbk ranks #999999 out of 977 companies in the Transportation industry.
Is PT Meratus Jasa Prima Tbk's Return-on-Tangible-Equity too high?
PT Meratus Jasa Prima Tbk's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, PT Meratus Jasa Prima Tbk ranks #999999 out of 977 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Meratus Jasa Prima Tbk has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Meratus Jasa Prima Tbk's Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, PT Meratus Jasa Prima Tbk ranks #999999 out of 977 companies for Return-on-Tangible-Equity. This places PT Meratus Jasa Prima Tbk in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.00. 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 9.00, based on 977 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 Meratus Jasa Prima Tbk and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Meratus Jasa Prima Tbk's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Meratus Jasa Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk (ISX:KARW) is currently considered Possible Value Trap. The stock's GF Value™ is Rp394.47, compared to a current price of Rp212.00 — trading 46.3% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. PT Meratus Jasa Prima Tbk's overall GF Score™ is 63/100 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 Meratus Jasa Prima Tbk (ISX:KARW), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Meratus Jasa Prima Tbk (ISX:KARW) Overvalued in 2026?
Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk stock appears to be undervalued.
The current stock price of Rp212.00 is trading 46.3% below its estimated GF Value™ of Rp394.47.
GuruFocus considers PT Meratus Jasa Prima Tbk to be Possible Value Trap.
No single metric tells the full story. See the ISX:KARW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Meratus Jasa Prima Tbk is engaged in transportation consulting activities. The company also engages in supporting business activities in the scope of construction of non-fishery port buildings, dredging, cold storage activities, sea port service activities, wholesale trade in sea transportation equipment, parts and supplies. Its products and services include the management and operation of stevedoring equipment at Terminals 300, 301, 302, and 303 of Tanjung Priok Port to support container handling activities. These services also cover cargodoring, lift on/lift off, and trucking, in accordance with the applicable systems and procedures at port. It operates in single segment of stevedoring services in Port of Tanjung Priok, Jakarta.
63GF Score
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