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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 Alamtri Minerals Indonesia Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.67%.
The historical rank and industry rank for PT Alamtri Minerals Indonesia Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:ADMR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.3 Med: 27.93 Max: 83.81
Current: 21.82
During the past 8 years, PT Alamtri Minerals Indonesia Tbk's highest ROC (Joel Greenblatt) % was 83.81%. The lowest was -10.30%. And the median was 27.93%.
ISX:ADMR's ROC (Joel Greenblatt) % is ranked better than 84.52% of 633
companies
in the Steel industry
Industry Median: 7.27
vs ISX:ADMR: 21.82
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.
* 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 Alamtri Minerals Indonesia Tbk ROC (Joel Greenblatt) % Chart
ISX:ADMR vs HCC, AMR, SXC: ROC (Joel Greenblatt) % Comparison
For the Coking Coal subindustry, PT Alamtri Minerals Indonesia 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 Alamtri Minerals Indonesia Tbk ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, PT Alamtri Minerals Indonesia Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Alamtri Minerals Indonesia Tbk's ROC (Joel Greenblatt) % falls into.
PT Alamtri Minerals Indonesia 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 (Mar. 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 21.67% mean?
PT Alamtri Minerals Indonesia Tbk (ISX:ADMR) has a ROC (Joel Greenblatt) % of 21.67% as of Mar. 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 Alamtri Minerals Indonesia Tbk and its competitors. This is 22% below median its historical median of 27.93. According to the industry distribution chart, PT Alamtri Minerals Indonesia Tbk ranks #98 out of 633 companies in the Steel industry, placing it in the top 15.5%.
Is PT Alamtri Minerals Indonesia Tbk's ROC (Joel Greenblatt) % too high?
PT Alamtri Minerals Indonesia Tbk's current ROC (Joel Greenblatt) % of 21.67% is 22% below median its 10-year median of 27.93. The Steel industry median ROC (Joel Greenblatt) % is 7.27. PT Alamtri Minerals Indonesia Tbk's value of 21.67% is 198.1% above this industry median. Based on the distribution chart, PT Alamtri Minerals Indonesia Tbk ranks #98 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, PT Alamtri Minerals Indonesia Tbk has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Alamtri Minerals Indonesia Tbk's ROC (Joel Greenblatt) % compare to HCC and AMR?
According to the Steel industry distribution chart, PT Alamtri Minerals Indonesia Tbk ranks #98 out of 633 companies for ROC (Joel Greenblatt) %. This places PT Alamtri Minerals Indonesia Tbk in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.27. PT Alamtri Minerals Indonesia Tbk's value of 21.67% is 198.1% above this benchmark. While the company's 10-year median is 27.93 vs. the industry median of 7.27, PT Alamtri Minerals Indonesia Tbk has consistently been above 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 ROC (Joel Greenblatt) % for a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.27, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Alamtri Minerals Indonesia Tbk's current ROC (Joel Greenblatt) % of 21.67% is 198.1% above 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 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 Alamtri Minerals Indonesia Tbk and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alamtri Minerals Indonesia Tbk's current ROC (Joel Greenblatt) % is 21.67%, which is 22% below median its own 10-year median of 27.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alamtri Minerals Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alamtri Minerals Indonesia Tbk (ISX:ADMR) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,994.32, compared to a current price of Rp1,490.00 — trading 25.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 21.67%, which is 22% below median its 10-year median of 27.93 and 198.1% above the Steel industry median of 7.27. PT Alamtri Minerals Indonesia Tbk's overall GF Score™ is 94/100 with 4 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 Alamtri Minerals Indonesia Tbk (ISX:ADMR), the current ROC (Joel Greenblatt) % is 21.67% 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 Alamtri Minerals Indonesia Tbk (ISX:ADMR) Overvalued in 2026?
Based on GuruFocus' analysis, PT Alamtri Minerals Indonesia Tbk stock appears to be undervalued.
The current stock price of Rp1,490.00 is trading 25.3% below its estimated GF Value™ of Rp1,994.32.
GuruFocus considers PT Alamtri Minerals Indonesia Tbk to be Modestly Undervalued.
Key valuation signals for ISX:ADMR:
ROC (Joel Greenblatt) %: 21.67% (22% below median its 10-year median of 27.93)
GF Value™: Rp1,994.32 vs. price of Rp1,490.00 (25.3% below fair value)
Industry Position: 198.1% above the Steel median (#98 of 633)
No single metric tells the full story. See the ISX:ADMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Alamtri Minerals Indonesia Tbk Business Description
PT Alamtri Minerals Indonesia Tbk is engaged in metallurgical coal mining, mineral processing, mining services, and renewable energy businesses. Through its subsidiaries, it holds five coal mining concession agreements (PKP2B) located in East Kalimantan and Central Kalimantan of Indonesia; offers mining and related services mainly by renting equipment to related parties; is developing an aluminum smelter facility; and is also engaged in the renewable energy business. Its operating segments are Mining, which generates the maximum revenue, Metal processing, and Other services. The company generates the majority of its revenue from the sale of metallurgical coal. Geographically, it generates maximum revenue from Singapore, and the rest from its domestic market, Korea, India, China, and Japan.
94GF Score
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