PT Panin Sekuritas TbkISX:PANS +3.74%80 Return-on-Tangible-Equity is 2.90% as of Mar. 2026, which is 72% below its 10-year median of 10.36. GuruFocus rates ISX:PANS with a GF Score™ of 80/100 and a GF Value™ of Rp1,870.56 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 779 Capital Markets companies, PT Panin Sekuritas Tbk ranks better than 69.32% 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 Panin Sekuritas Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp46,326 Mil. PT Panin Sekuritas Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp1,598,045 Mil. Therefore, PT Panin Sekuritas Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.90%.
The historical rank and industry rank for PT Panin Sekuritas Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:PANS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.25 Med: 10.36 Max: 22.58
Current: 14.41
During the past 13 years, PT Panin Sekuritas Tbk's highest Return-on-Tangible-Equity was 22.58%. The lowest was 6.25%. And the median was 10.36%.
ISX:PANS's Return-on-Tangible-Equity is ranked better than 69.32% of 779
companies
in the Capital Markets industry
Industry Median: 6.52
vs ISX:PANS: 14.41
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 Panin Sekuritas Tbk Return-on-Tangible-Equity Related Terms
PT Panin Sekuritas Tbk Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PT Panin Sekuritas 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:PANS vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, PT Panin Sekuritas 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 Panin Sekuritas Tbk Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PT Panin Sekuritas Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Panin Sekuritas 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 2.90% mean?
PT Panin Sekuritas Tbk (ISX:PANS) has a Return-on-Tangible-Equity of 2.90% 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 Panin Sekuritas Tbk and its competitors. This is 72% below median its historical median of 10.36. Over the past decade, PT Panin Sekuritas Tbk's Return-on-Tangible-Equity has ranged from 6.25 to 22.58. According to the industry distribution chart, PT Panin Sekuritas Tbk ranks #239 out of 779 companies in the Capital Markets industry, placing it in the top 30.7%.
Is PT Panin Sekuritas Tbk's Return-on-Tangible-Equity too high?
PT Panin Sekuritas Tbk's current Return-on-Tangible-Equity of 2.90% is 72% below median its 10-year median of 10.36. Over the past 10 years, this metric has ranged from a low of 6.25 to a high of 22.58. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. PT Panin Sekuritas Tbk's value of 2.90% is 55.5% below this industry median. Based on the distribution chart, PT Panin Sekuritas Tbk ranks #239 out of 779 companies in the Capital Markets industry, which is above the industry midpoint. Overall, PT Panin Sekuritas Tbk has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Panin Sekuritas Tbk's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, PT Panin Sekuritas Tbk ranks #239 out of 779 companies for Return-on-Tangible-Equity. This puts PT Panin Sekuritas Tbk in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. PT Panin Sekuritas Tbk's value of 2.90% is 55.5% below this benchmark. Historically, PT Panin Sekuritas Tbk's own Return-on-Tangible-Equity has ranged from 6.25 to 22.58 over the past decade. While the company's 10-year median is 10.36 vs. the industry median of 6.52, PT Panin Sekuritas Tbk has consistently been below 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 779 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 Panin Sekuritas Tbk's current Return-on-Tangible-Equity of 2.90% is 55.5% below 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 Panin Sekuritas Tbk and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Panin Sekuritas Tbk's current Return-on-Tangible-Equity is 2.90%, which is 72% below median its own 10-year median of 10.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Panin Sekuritas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Panin Sekuritas Tbk (ISX:PANS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,870.56, compared to a current price of Rp1,525.00 — trading 18.5% below its estimated fair value. The current Return-on-Tangible-Equity is 2.90%, which is 72% below median its 10-year median of 10.36 and 55.5% below the Capital Markets industry median of 6.52. PT Panin Sekuritas Tbk's overall GF Score™ is 80/100 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 Panin Sekuritas Tbk (ISX:PANS), the current Return-on-Tangible-Equity is 2.90% 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 Panin Sekuritas Tbk (ISX:PANS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Panin Sekuritas Tbk stock appears to be undervalued.
The current stock price of Rp1,525.00 is trading 18.5% below its estimated GF Value™ of Rp1,870.56.
GuruFocus considers PT Panin Sekuritas Tbk to be Modestly Undervalued.
Key valuation signals for ISX:PANS:
Return-on-Tangible-Equity: 2.90% (72% below median its 10-year median of 10.36)
GF Value™: Rp1,870.56 vs. price of Rp1,525.00 (18.5% below fair value)
Industry Position: 55.5% below the Capital Markets median (#239 of 779)
No single metric tells the full story. See the ISX:PANS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Panin Sekuritas Tbk is engaged in the capital markets business sector. The company is engaged in providing services like broker dealing, corporate finance, asset management, research, online trading, Sharia online trading, education, and others. The operating segments of the company include Brokerage and underwriting and Investment manager and Other business activities. The company generates maximum revenue from the Brokerage and underwriting segment. The product line of the company consists of Panin News, trading ideas, recommendations, company reports, industrial reports, and others.
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