PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) Return-on-Tangible-Equity: 18.42% (As of Dec. 2025) — 61% Above Median


ISX:MKAP PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
13 GF Score
Price Rp1,170.00
! 5 Warning Signs
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What is PT Multikarya Asia Pasifik Raya Tbk Return-on-Tangible-Equity?

PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP -0.85% 13 Return-on-Tangible-Equity is 18.42% as of Dec. 2025, which is 61% above its 10-year median of 11.45. GuruFocus rates ISX:MKAP with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 942 Oil & Gas companies, PT Multikarya Asia Pasifik Raya Tbk ranks better than 77.18% 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 Multikarya Asia Pasifik Raya Tbk's annualized net income for the quarter that ended in Dec. 2025 was Rp55,344 Mil. PT Multikarya Asia Pasifik Raya Tbk's average shareholder tangible equity for the quarter that ended in Dec. 2025 was Rp300,379 Mil. Therefore, PT Multikarya Asia Pasifik Raya Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 18.42%.

The historical rank and industry rank for PT Multikarya Asia Pasifik Raya Tbk's Return-on-Tangible-Equity or its related term are showing as below:

ISX:MKAP' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.22   Med: 11.45   Max: 19.87
Current: 18.42

During the past 5 years, PT Multikarya Asia Pasifik Raya Tbk's highest Return-on-Tangible-Equity was 19.87%. The lowest was -1.22%. And the median was 11.45%.

ISX:MKAP's Return-on-Tangible-Equity is ranked better than
77.18% of 942 companies
in the Oil & Gas industry
Industry Median: 6.77 vs ISX:MKAP: 18.42

PT Multikarya Asia Pasifik Raya Tbk  (ISX:MKAP) 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 Multikarya Asia Pasifik Raya Tbk Return-on-Tangible-Equity Related Terms


PT Multikarya Asia Pasifik Raya Tbk Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for PT Multikarya Asia Pasifik Raya 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 Multikarya Asia Pasifik Raya Tbk Return-on-Tangible-Equity Chart

PT Multikarya Asia Pasifik Raya Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec24 Dec25
Return-on-Tangible-Equity
0.87 11.45 -1.22 19.87 18.42

PT Multikarya Asia Pasifik Raya Tbk Semi-Annual Data
Dec20 Dec21 Dec22 Dec24 Dec25
Return-on-Tangible-Equity 0.87 11.45 -1.22 19.87 18.42

ISX:MKAP vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison

For the Oil & Gas Equipment & Services subindustry, PT Multikarya Asia Pasifik Raya 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 Multikarya Asia Pasifik Raya Tbk Return-on-Tangible-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Multikarya Asia Pasifik Raya Tbk's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where PT Multikarya Asia Pasifik Raya Tbk's Return-on-Tangible-Equity falls into.


ISX:MKAP
13GF Score
PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multikarya Asia Pasifik Raya Tbk Return-on-Tangible-Equity Calculation

PT Multikarya Asia Pasifik Raya Tbk's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=55344.177/( (277608.462+323149.862 )/ 2 )
=55344.177/300379.162
=18.42 %

PT Multikarya Asia Pasifik Raya Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=55344.177/( (277608.462+323149.862)/ 2 )
=55344.177/300379.162
=18.42 %

* 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 one times the annual (Dec. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 18.42% mean?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a Return-on-Tangible-Equity of 18.42% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PT Multikarya Asia Pasifik Raya Tbk and its competitors. This is 61% above median its historical median of 11.45. According to the industry distribution chart, PT Multikarya Asia Pasifik Raya Tbk ranks #215 out of 942 companies in the Oil & Gas industry, placing it in the top 22.8%.
Is PT Multikarya Asia Pasifik Raya Tbk's Return-on-Tangible-Equity too high?
PT Multikarya Asia Pasifik Raya Tbk's current Return-on-Tangible-Equity of 18.42% is 61% above median its 10-year median of 11.45. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. PT Multikarya Asia Pasifik Raya Tbk's value of 18.42% is 172.1% above this industry median. Based on the distribution chart, PT Multikarya Asia Pasifik Raya Tbk ranks #215 out of 942 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, PT Multikarya Asia Pasifik Raya Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Multikarya Asia Pasifik Raya Tbk's Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, PT Multikarya Asia Pasifik Raya Tbk ranks #215 out of 942 companies for Return-on-Tangible-Equity. This places PT Multikarya Asia Pasifik Raya Tbk in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.77. PT Multikarya Asia Pasifik Raya Tbk's value of 18.42% is 172.1% above this benchmark. While the company's 10-year median is 11.45 vs. the industry median of 6.77, PT Multikarya Asia Pasifik Raya 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 Multikarya Asia Pasifik Raya Tbk's current Return-on-Tangible-Equity of 18.42% is 172.1% 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 Multikarya Asia Pasifik Raya 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 Multikarya Asia Pasifik Raya Tbk's current Return-on-Tangible-Equity is 18.42%, which is 61% above median its own 10-year median of 11.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multikarya Asia Pasifik Raya Tbk stock overvalued right now?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a current Return-on-Tangible-Equity of 18.42%. The current Return-on-Tangible-Equity is 18.42%, which is 61% above median its 10-year median of 11.45 and 172.1% above the Oil & Gas industry median of 6.77. PT Multikarya Asia Pasifik Raya Tbk's overall GF Score™ is 13/100 with 5 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 Multikarya Asia Pasifik Raya Tbk (ISX:MKAP), the current Return-on-Tangible-Equity is 18.42% as of Dec. 2025. 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.

PT Multikarya Asia Pasifik Raya Tbk Business Description

Industry EnergyOil & Gas
Address Jalan TB Simatupang No 02, Cibis Nine, 16th Floor, Cilandak Timur, Pasar Minggu, South Jakarta, Jakarta, IDN, 12560
PT Multikarya Asia Pasifik Raya Tbk is engaged in the manufacturing and trading of services, as well as the rental and repair of pumps and other supporting equipment, including spare parts for the oil, natural gas, and mining industries. The firm operates through two main segments: Spare Parts and Procurement, and Rental and Services, with the majority of its revenue coming from the Spare Parts and Procurement segment. For the oil and gas industry, it offers products and services such as crude oil transfer to and from further processing, water reinjection production, water treatment injection plants, and pumps for mud, cement, and stimulation. In the mining industry, the company provides services for water drying and mud removal, along with reinstallation, repair, and rejuvenation of pump.
13GF Score

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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp1,170.00
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