PT Calculus Global Ventures TbkISX:STAR +0.74%59 Return-on-Tangible-Equity is 3.64% as of Mar. 2026, which is 574% above its 10-year median of 0.54. GuruFocus rates ISX:STAR with a GF Score™ of 59/100 and a GF Value™ of Rp111.48 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,588 Asset Management companies, PT Calculus Global Ventures Tbk ranks worse than 59.13% 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 Calculus Global Ventures Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp19,656 Mil. PT Calculus Global Ventures Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp540,475 Mil. Therefore, PT Calculus Global Ventures Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.64%.
The historical rank and industry rank for PT Calculus Global Ventures Tbk's Return-on-Tangible-Equity or its related term are showing as below:
ISX:STAR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.54 Max: 4.63
Current: 4.63
During the past 13 years, PT Calculus Global Ventures Tbk's highest Return-on-Tangible-Equity was 4.63%. The lowest was 0.06%. And the median was 0.54%.
ISX:STAR's Return-on-Tangible-Equity is ranked worse than 59.13% of 1588
companies
in the Asset Management industry
Industry Median: 7.19
vs ISX:STAR: 4.63
PT Calculus Global Ventures Tbk (ISX:STAR) 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 Calculus Global Ventures Tbk Return-on-Tangible-Equity Related Terms
PT Calculus Global Ventures 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 Calculus Global Ventures Tbk Return-on-Tangible-Equity Chart
ISX:STAR vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, PT Calculus Global Ventures 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 Calculus Global Ventures Tbk Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PT Calculus Global Ventures Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Calculus Global Ventures 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 3.64% mean?
PT Calculus Global Ventures Tbk (ISX:STAR) has a Return-on-Tangible-Equity of 3.64% 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 Calculus Global Ventures Tbk and its competitors. This is 574% above median its historical median of 0.54. Over the past decade, PT Calculus Global Ventures Tbk's Return-on-Tangible-Equity has ranged from 0.06 to 4.63. According to the industry distribution chart, PT Calculus Global Ventures Tbk ranks #939 out of 1588 companies in the Asset Management industry, placing it in the top 59.1%.
Is PT Calculus Global Ventures Tbk's Return-on-Tangible-Equity too high?
PT Calculus Global Ventures Tbk's current Return-on-Tangible-Equity of 3.64% is 574% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 4.63. The Asset Management industry median Return-on-Tangible-Equity is 7.19. PT Calculus Global Ventures Tbk's value of 3.64% is 49.4% below this industry median. Based on the distribution chart, PT Calculus Global Ventures Tbk ranks #939 out of 1588 companies in the Asset Management industry, which is below the industry midpoint. Overall, PT Calculus Global Ventures Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Calculus Global Ventures Tbk's Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Calculus Global Ventures Tbk ranks #939 out of 1588 companies for Return-on-Tangible-Equity. This places PT Calculus Global Ventures Tbk in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.19. PT Calculus Global Ventures Tbk's value of 3.64% is 49.4% below this benchmark. Historically, PT Calculus Global Ventures Tbk's own Return-on-Tangible-Equity has ranged from 0.06 to 4.63 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 7.19, PT Calculus Global Ventures 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.19, based on 1,588 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 Calculus Global Ventures Tbk's current Return-on-Tangible-Equity of 3.64% is 49.4% 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 Calculus Global Ventures Tbk and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Calculus Global Ventures Tbk's current Return-on-Tangible-Equity is 3.64%, which is 574% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Calculus Global Ventures Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk (ISX:STAR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp111.48, compared to a current price of Rp274.00 — trading 145.8% above its estimated fair value. The current Return-on-Tangible-Equity is 3.64%, which is 574% above median its 10-year median of 0.54 and 49.4% below the Asset Management industry median of 7.19. PT Calculus Global Ventures Tbk's overall GF Score™ is 59/100 with 1 warning sign 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 Calculus Global Ventures Tbk (ISX:STAR), the current Return-on-Tangible-Equity is 3.64% 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 Calculus Global Ventures Tbk (ISX:STAR) Overvalued in 2026?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk stock appears to be overvalued.
The current stock price of Rp274.00 is trading 145.8% above its estimated GF Value™ of Rp111.48.
GuruFocus considers PT Calculus Global Ventures Tbk to be Significantly Overvalued.
Key valuation signals for ISX:STAR:
Return-on-Tangible-Equity: 3.64% (574% above median its 10-year median of 0.54)
GF Value™: Rp111.48 vs. price of Rp274.00 (145.8% above fair value)
Industry Position: 49.4% below the Asset Management median (#939 of 1588)
No single metric tells the full story. See the ISX:STAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Calculus Global Ventures Tbk Business Description
PT Calculus Global Ventures Tbk, formerly known as PT Buana Artha Anugerah Tbk, operates in the business area of investment management, particularly in asset management. The company is engaged in the management consulting business. The products of the company consist of mutual funds includes including foster equity fund, foster fixed income, and foster money market and management of securities portfolio. The company segments consist of investment management services and others.
59GF Score
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