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PT Tirta Mahakam Resources TbkISX:TIRT 11 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates ISX:TIRT with a GF Score™ of 11/100. The stock has 4 warning signs investors should review. Among 280 Forest Products companies, PT Tirta Mahakam Resources Tbk ranks worse than 357142.5% 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 Tirta Mahakam Resources Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp29,835 Mil. PT Tirta Mahakam Resources Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was Rp-607,217 Mil. Therefore, PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, PT Tirta Mahakam Resources Tbk's highest Return-on-Tangible-Equity was 26.60%. The lowest was -83.84%. And the median was -16.87%.
ISX:TIRT's Return-on-Tangible-Equity is not ranked *
in the Forest Products industry.
Industry Median: 2.2 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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 Tirta Mahakam Resources Tbk Return-on-Tangible-Equity Related Terms
PT Tirta Mahakam Resources 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.
ISX:TIRT vs SSD, UFPI, BCC: Return-on-Tangible-Equity Comparison
For the Lumber & Wood Production subindustry, PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Tirta Mahakam Resources Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk (ISX:TIRT) 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 Tirta Mahakam Resources Tbk and its competitors. According to the industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #999999 out of 280 companies in the Forest Products industry.
Is PT Tirta Mahakam Resources Tbk's Return-on-Tangible-Equity too high?
PT Tirta Mahakam Resources Tbk's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, PT Tirta Mahakam Resources Tbk ranks #999999 out of 280 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Tirta Mahakam Resources Tbk has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does PT Tirta Mahakam Resources Tbk's Return-on-Tangible-Equity compare to SSD and UFPI?
According to the Forest Products industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #999999 out of 280 companies for Return-on-Tangible-Equity. This places PT Tirta Mahakam Resources Tbk in the lower half of its industry. The industry median Return-on-Tangible-Equity is 2.20. 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.20, based on 280 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 Tirta Mahakam Resources Tbk and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk stock overvalued right now?
PT Tirta Mahakam Resources Tbk (ISX:TIRT) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The current Return-on-Tangible-Equity is Negative Tangible Equity%. PT Tirta Mahakam Resources Tbk's overall GF Score™ is 11/100 with 4 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 Tirta Mahakam Resources Tbk (ISX:TIRT), 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.
PT Tirta Mahakam Resources Tbk Business Description
PT Tirta Mahakam Resources Tbk is engaged in the plywood processing industry, producing various types of plywood products. The company's main products are Floorbase, General Plywood, Concrete Panel, Structure Panel, Barecore, Blockboard, Polyester Plywood, and Polyester Blockboard. It has only one reportable segment, which is plywood industry segment.
11GF Score
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