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PT Harum Energy TbkFRA:44H 87 ROC (Joel Greenblatt) % is 19.45% as of Jun. 2026, which is 50% below its 10-year median of 38.91. GuruFocus rates FRA:44H with a GF Score™ of 87/100 and a GF Value™ of €0.07 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,506 Metals & Mining companies, PT Harum Energy Tbk ranks better than 78.77% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. PT Harum Energy Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 19.45%.
The historical rank and industry rank for PT Harum Energy Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:44H'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.87 Med: 38.91 Max: 150.41
Current: 8.03
During the past 13 years, PT Harum Energy Tbk's highest ROC (Joel Greenblatt) % was 150.41%. The lowest was 3.87%. And the median was 38.91%.
FRA:44H's ROC (Joel Greenblatt) % is ranked better than 78.77% of 2506
companies
in the Metals & Mining industry
Industry Median: -21.95
vs FRA:44H: 8.03
PT Harum Energy Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -39.50% per year.
PT Harum Energy Tbk (FRA:44H) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
PT Harum Energy Tbk ROC (Joel Greenblatt) % Related Terms
PT Harum Energy Tbk ROC (Joel Greenblatt) % Historical Data
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The historical data trend for PT Harum Energy Tbk's ROC (Joel Greenblatt) % 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 Harum Energy Tbk ROC (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, PT Harum Energy Tbk's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 Harum Energy Tbk ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Harum Energy Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Harum Energy Tbk's ROC (Joel Greenblatt) % falls into.
PT Harum Energy Tbk ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Jun. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 19.45% mean?
PT Harum Energy Tbk (FRA:44H) has a ROC (Joel Greenblatt) % of 19.45% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on PT Harum Energy Tbk and its competitors. This is 50% below median its historical median of 38.91. Over the past decade, PT Harum Energy Tbk's ROC (Joel Greenblatt) % has ranged from 3.87 to 150.41. According to the industry distribution chart, PT Harum Energy Tbk ranks #532 out of 2506 companies in the Metals & Mining industry, placing it in the top 21.2%.
Is PT Harum Energy Tbk's ROC (Joel Greenblatt) % too high?
PT Harum Energy Tbk's current ROC (Joel Greenblatt) % of 19.45% is 50% below median its 10-year median of 38.91. Over the past 10 years, this metric has ranged from a low of 3.87 to a high of 150.41. Based on the distribution chart, PT Harum Energy Tbk ranks #532 out of 2506 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT Harum Energy Tbk has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Harum Energy Tbk's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, PT Harum Energy Tbk ranks #532 out of 2506 companies for ROC (Joel Greenblatt) %. This places PT Harum Energy Tbk in the top 21% of its industry — outperforming the majority of peers. Historically, PT Harum Energy Tbk's own ROC (Joel Greenblatt) % has ranged from 3.87 to 150.41 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 ROC (Joel Greenblatt) % for a Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on PT Harum Energy Tbk and its competitors. PT Harum Energy Tbk's current ROC (Joel Greenblatt) % is 19.45%, which is 50% below median its own 10-year median of 38.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Harum Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Harum Energy Tbk (FRA:44H) is currently considered Possible Value Trap. The stock's GF Value™ is €0.07, compared to a current price of €0.04 — trading 49.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 19.45%, which is 50% below median its 10-year median of 38.91. PT Harum Energy Tbk's overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For PT Harum Energy Tbk (FRA:44H), the current ROC (Joel Greenblatt) % is 19.45% as of Jun. 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 Harum Energy Tbk (FRA:44H) Overvalued in 2026?
Based on GuruFocus' analysis, PT Harum Energy Tbk stock appears to be undervalued.
The current stock price of €0.04 is trading 49.3% below its estimated GF Value™ of €0.07.
GuruFocus considers PT Harum Energy Tbk to be Possible Value Trap.
Key valuation signals for FRA:44H:
ROC (Joel Greenblatt) %: 19.45% (50% below median its 10-year median of 38.91)
GF Value™: €0.07 vs. price of €0.04 (49.3% below fair value)
No single metric tells the full story. See the FRA:44H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Harum Energy Tbk is a holding company engaged in the coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is broken down into various segments, which include Coal mining sectors; Rental and service sectors; Nickel Smelter; and Other sectors. It serves coal-fired power-generating and manufacturing companies. Geographically, the firm generates revenue from East Asia, South Asia, Southeast Asia, and Europe. The firm generates the majority of its revenue from the Nickel Smelter, which consists of the Nickel Smelter sector by IMI, WMI, and BSE.
87GF Score
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