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PT Trimegah Bangun Persada TbkISX:NCKL +2.14%97 Return-on-Tangible-Equity is 26.96% as of Mar. 2026, which is 15% below its 10-year median of 31.83. GuruFocus rates ISX:NCKL with a GF Score™ of 97/100 and a GF Value™ of Rp1,226.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,385 Metals & Mining companies, PT Trimegah Bangun Persada Tbk ranks better than 90.65% 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 Trimegah Bangun Persada Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp10,846,808 Mil. PT Trimegah Bangun Persada Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp40,226,064 Mil. Therefore, PT Trimegah Bangun Persada Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.96%.
The historical rank and industry rank for PT Trimegah Bangun Persada Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:NCKL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.21 Med: 31.83 Max: 61.71
Current: 27.56
During the past 7 years, PT Trimegah Bangun Persada Tbk's highest Return-on-Tangible-Equity was 61.71%. The lowest was 2.21%. And the median was 31.83%.
ISX:NCKL's Return-on-Tangible-Equity is ranked better than 90.65% of 2385
companies
in the Metals & Mining industry
Industry Median: -16.49
vs ISX:NCKL: 27.56
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 Trimegah Bangun Persada Tbk Return-on-Tangible-Equity Related Terms
PT Trimegah Bangun Persada 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.
For the Other Industrial Metals & Mining subindustry, PT Trimegah Bangun Persada 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 Trimegah Bangun Persada Tbk Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Trimegah Bangun Persada Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Trimegah Bangun Persada 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 26.96% mean?
PT Trimegah Bangun Persada Tbk (ISX:NCKL) has a Return-on-Tangible-Equity of 26.96% 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 Trimegah Bangun Persada Tbk and its competitors. This is 15% below median its historical median of 31.83. Over the past decade, PT Trimegah Bangun Persada Tbk's Return-on-Tangible-Equity has ranged from 2.21 to 61.71. According to the industry distribution chart, PT Trimegah Bangun Persada Tbk ranks #223 out of 2385 companies in the Metals & Mining industry, placing it in the top 9.4%.
Is PT Trimegah Bangun Persada Tbk's Return-on-Tangible-Equity too high?
PT Trimegah Bangun Persada Tbk's current Return-on-Tangible-Equity of 26.96% is 15% below median its 10-year median of 31.83. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 61.71. Based on the distribution chart, PT Trimegah Bangun Persada Tbk ranks #223 out of 2385 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT Trimegah Bangun Persada Tbk has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Trimegah Bangun Persada Tbk's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, PT Trimegah Bangun Persada Tbk ranks #223 out of 2385 companies for Return-on-Tangible-Equity. This places PT Trimegah Bangun Persada Tbk in the top 9% of its industry — outperforming the majority of peers. Historically, PT Trimegah Bangun Persada Tbk's own Return-on-Tangible-Equity has ranged from 2.21 to 61.71 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. 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 Trimegah Bangun Persada Tbk and its competitors. PT Trimegah Bangun Persada Tbk's current Return-on-Tangible-Equity is 26.96%, which is 15% below median its own 10-year median of 31.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Trimegah Bangun Persada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Trimegah Bangun Persada Tbk (ISX:NCKL) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,226.87, compared to a current price of Rp955.00 — trading 22.2% below its estimated fair value. The current Return-on-Tangible-Equity is 26.96%, which is 15% below median its 10-year median of 31.83. PT Trimegah Bangun Persada Tbk's overall GF Score™ is 97/100 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 Trimegah Bangun Persada Tbk (ISX:NCKL), the current Return-on-Tangible-Equity is 26.96% 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 Trimegah Bangun Persada Tbk (ISX:NCKL) Overvalued in 2026?
Based on GuruFocus' analysis, PT Trimegah Bangun Persada Tbk stock appears to be undervalued.
The current stock price of Rp955.00 is trading 22.2% below its estimated GF Value™ of Rp1,226.87.
GuruFocus considers PT Trimegah Bangun Persada Tbk to be Modestly Undervalued.
Key valuation signals for ISX:NCKL:
Return-on-Tangible-Equity: 26.96% (15% below median its 10-year median of 31.83)
GF Value™: Rp1,226.87 vs. price of Rp955.00 (22.2% below fair value)
No single metric tells the full story. See the ISX:NCKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Trimegah Bangun Persada Tbk is an Indonesian nickel producer with upstream and downstream capabilities mainly based on the Obi Islands in North Maluku province. TBP Group is the pure-play nickel producer in Indonesia. Since its establishment, it has gained vital support from controlling owner Harita Jayaraya, part of the Harita Group, a conglomerate with over 100 years of business experience in Indonesia.
97GF Score
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