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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 Arthavest Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -12.99%.
The historical rank and industry rank for PT Arthavest Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:ARTA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.14 Med: 0.91 Max: 9.27
Current: -3.53
During the past 9 years, PT Arthavest Tbk's highest ROC (Joel Greenblatt) % was 9.27%. The lowest was -4.14%. And the median was 0.91%.
ISX:ARTA's ROC (Joel Greenblatt) % is ranked worse than 79.1% of 847
companies
in the Travel & Leisure industry
Industry Median: 10.04
vs ISX:ARTA: -3.53
PT Arthavest Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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 Arthavest Tbk ROC (Joel Greenblatt) % Related Terms
PT Arthavest Tbk ROC (Joel Greenblatt) % Historical Data
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The historical data trend for PT Arthavest 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.
ISX:ARTA vs MAR, HLT, H: ROC (Joel Greenblatt) % Comparison
For the Lodging subindustry, PT Arthavest 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 Arthavest Tbk ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PT Arthavest Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Arthavest Tbk's ROC (Joel Greenblatt) % falls into.
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 -12.99% mean?
PT Arthavest Tbk (ISX:ARTA) has a ROC (Joel Greenblatt) % of -12.99% 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 Arthavest Tbk and its competitors. According to the industry distribution chart, PT Arthavest Tbk ranks #670 out of 847 companies in the Travel & Leisure industry, placing it in the top 79.1%.
Is PT Arthavest Tbk's ROC (Joel Greenblatt) % too high?
PT Arthavest Tbk's current ROC (Joel Greenblatt) % is -12.99%. Based on the distribution chart, PT Arthavest Tbk ranks #670 out of 847 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, PT Arthavest Tbk has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Arthavest Tbk's ROC (Joel Greenblatt) % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, PT Arthavest Tbk ranks #670 out of 847 companies for ROC (Joel Greenblatt) %. This places PT Arthavest Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.04. 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.04, based on 847 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. 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 Arthavest Tbk and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Arthavest Tbk's current ROC (Joel Greenblatt) % is -12.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Arthavest Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Arthavest Tbk (ISX:ARTA) is currently considered Fairly Valued. The stock's GF Value™ is Rp2,288.30, compared to a current price of Rp2,500.00 — trading 9.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -12.99%. PT Arthavest Tbk's overall GF Score™ is 69/100 with 2 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 Arthavest Tbk (ISX:ARTA), the current ROC (Joel Greenblatt) % is -12.99% 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 Arthavest Tbk (ISX:ARTA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Arthavest Tbk stock appears to be overvalued.
The current stock price of Rp2,500.00 is trading 9.3% above its estimated GF Value™ of Rp2,288.30.
GuruFocus considers PT Arthavest Tbk to be Fairly Valued.
Key valuation signals for ISX:ARTA:
ROC (Joel Greenblatt) %: -12.99%
GF Value™: Rp2,288.30 vs. price of Rp2,500.00 (9.3% above fair value)
No single metric tells the full story. See the ISX:ARTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Arthavest Tbk engages in investment activities. Through its subsidiary, the company is majorly involved in the hotel and convention center operations and management of the REDTOP Hotel. The hotel offers facilities such as Superior Rooms, Suite Rooms, a Bar and Restaurant, a Swimming pool, Internet connectivity, and a sports center. The company is also involved in the provision of services in the fields of information technology and payment systems. It operates in business segments: Room; Food and beverage; Fitness and spa Laundry; and Others, of which it derives primary revenue from providing Room segment.
69GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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