PT Astra International TbkISX:ASII -0.43%92 ROC (Joel Greenblatt) % is 31.61% as of Mar. 2026, which is 38% below its 10-year median of 50.83. GuruFocus rates ISX:ASII with a GF Score™ of 92/100 and a GF Value™ of Rp5,290.96 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 560 Conglomerates companies, PT Astra International Tbk ranks better than 82.86% 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 Astra International Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.61%.
The historical rank and industry rank for PT Astra International Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:ASII'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 29.54 Med: 50.83 Max: 68.56
Current: 46.55
During the past 13 years, PT Astra International Tbk's highest ROC (Joel Greenblatt) % was 68.56%. The lowest was 29.54%. And the median was 50.83%.
ISX:ASII's ROC (Joel Greenblatt) % is ranked better than 82.86% of 560
companies
in the Conglomerates industry
Industry Median: 14.68
vs ISX:ASII: 46.55
PT Astra International Tbk (ISX:ASII) 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.
* 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 Astra International Tbk ROC (Joel Greenblatt) % Chart
ISX:ASII vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, PT Astra International 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 Astra International Tbk ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, PT Astra International Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Astra International Tbk's ROC (Joel Greenblatt) % falls into.
PT Astra International 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 31.61% mean?
PT Astra International Tbk (ISX:ASII) has a ROC (Joel Greenblatt) % of 31.61% 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 Astra International Tbk and its competitors. This is 38% below median its historical median of 50.83. Over the past decade, PT Astra International Tbk's ROC (Joel Greenblatt) % has ranged from 29.54 to 68.56. According to the industry distribution chart, PT Astra International Tbk ranks #96 out of 560 companies in the Conglomerates industry, placing it in the top 17.1%.
Is PT Astra International Tbk's ROC (Joel Greenblatt) % too high?
PT Astra International Tbk's current ROC (Joel Greenblatt) % of 31.61% is 38% below median its 10-year median of 50.83. Over the past 10 years, this metric has ranged from a low of 29.54 to a high of 68.56. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.68. PT Astra International Tbk's value of 31.61% is 115.3% above this industry median. Based on the distribution chart, PT Astra International Tbk ranks #96 out of 560 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, PT Astra International Tbk has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Astra International Tbk's ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, PT Astra International Tbk ranks #96 out of 560 companies for ROC (Joel Greenblatt) %. This places PT Astra International Tbk in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.68. PT Astra International Tbk's value of 31.61% is 115.3% above this benchmark. Historically, PT Astra International Tbk's own ROC (Joel Greenblatt) % has ranged from 29.54 to 68.56 over the past decade. While the company's 10-year median is 50.83 vs. the industry median of 14.68, PT Astra International 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.68, based on 560 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 Astra International Tbk's current ROC (Joel Greenblatt) % of 31.61% is 115.3% 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 Astra International Tbk and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Astra International Tbk's current ROC (Joel Greenblatt) % is 31.61%, which is 38% below median its own 10-year median of 50.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Astra International Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Astra International Tbk (ISX:ASII) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp5,290.96, compared to a current price of Rp4,580.00 — trading 13.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 31.61%, which is 38% below median its 10-year median of 50.83 and 115.3% above the Conglomerates industry median of 14.68. PT Astra International Tbk's overall GF Score™ is 92/100 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 Astra International Tbk (ISX:ASII), the current ROC (Joel Greenblatt) % is 31.61% 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 Astra International Tbk (ISX:ASII) Overvalued in 2026?
Based on GuruFocus' analysis, PT Astra International Tbk stock appears to be undervalued.
The current stock price of Rp4,580.00 is trading 13.4% below its estimated GF Value™ of Rp5,290.96.
GuruFocus considers PT Astra International Tbk to be Modestly Undervalued.
Key valuation signals for ISX:ASII:
ROC (Joel Greenblatt) %: 31.61% (38% below median its 10-year median of 50.83)
GF Value™: Rp5,290.96 vs. price of Rp4,580.00 (13.4% below fair value)
Industry Position: 115.3% above the Conglomerates median (#96 of 560)
No single metric tells the full story. See the ISX:ASII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive and mobility, Financial Services, Energy (HEMCE), Agribusiness, Infrastructure, Information Technology, and Property. The company generates maximum revenue from Energy Segment. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining, and other activities.
92GF Score
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