PT Adirana Armada TbkISX:ASSA +2.54%89 ROC (Joel Greenblatt) % is 16.36% as of Mar. 2026, which is 60% above its 10-year median of 10.25. GuruFocus rates ISX:ASSA with a GF Score™ of 89/100 and a GF Value™ of Rp1,061.27 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,080 Business Services companies, PT Adirana Armada Tbk ranks worse than 54.07% 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 Adirana Armada Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.36%.
The historical rank and industry rank for PT Adirana Armada Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:ASSA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.47 Med: 10.25 Max: 18.1
Current: 17.72
During the past 13 years, PT Adirana Armada Tbk's highest ROC (Joel Greenblatt) % was 18.10%. The lowest was 5.47%. And the median was 10.25%.
ISX:ASSA's ROC (Joel Greenblatt) % is ranked worse than 54.07% of 1080
companies
in the Business Services industry
Industry Median: 20.865
vs ISX:ASSA: 17.72
PT Adirana Armada Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.50% per year.
PT Adirana Armada Tbk (ISX:ASSA) 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 Adirana Armada Tbk ROC (Joel Greenblatt) % Related Terms
PT Adirana Armada Tbk ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PT Adirana Armada 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 Adirana Armada Tbk ROC (Joel Greenblatt) % Chart
ISX:ASSA vs URI, SUNB, AER: ROC (Joel Greenblatt) % Comparison
For the Rental & Leasing Services subindustry, PT Adirana Armada 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 Adirana Armada Tbk ROC (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Adirana Armada Tbk's ROC (Joel Greenblatt) % falls into.
PT Adirana Armada 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 16.36% mean?
PT Adirana Armada Tbk (ISX:ASSA) has a ROC (Joel Greenblatt) % of 16.36% 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 Adirana Armada Tbk and its competitors. This is 60% above median its historical median of 10.25. Over the past decade, PT Adirana Armada Tbk's ROC (Joel Greenblatt) % has ranged from 5.47 to 18.10. According to the industry distribution chart, PT Adirana Armada Tbk ranks #584 out of 1080 companies in the Business Services industry, placing it in the top 54.1%.
Is PT Adirana Armada Tbk's ROC (Joel Greenblatt) % too high?
PT Adirana Armada Tbk's current ROC (Joel Greenblatt) % of 16.36% is 60% above median its 10-year median of 10.25. Over the past 10 years, this metric has ranged from a low of 5.47 to a high of 18.10. The Business Services industry median ROC (Joel Greenblatt) % is 20.87. PT Adirana Armada Tbk's value of 16.36% is 21.6% below this industry median. Based on the distribution chart, PT Adirana Armada Tbk ranks #584 out of 1080 companies in the Business Services industry, which is below the industry midpoint. Overall, PT Adirana Armada Tbk has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's ROC (Joel Greenblatt) % compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Adirana Armada Tbk ranks #584 out of 1080 companies for ROC (Joel Greenblatt) %. This places PT Adirana Armada Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 20.87. PT Adirana Armada Tbk's value of 16.36% is 21.6% below this benchmark. Historically, PT Adirana Armada Tbk's own ROC (Joel Greenblatt) % has ranged from 5.47 to 18.10 over the past decade. While the company's 10-year median is 10.25 vs. the industry median of 20.87, PT Adirana Armada Tbk has consistently been below 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 Business Services company?
The median ROC (Joel Greenblatt) % among Business Services companies is 20.87, based on 1,080 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 Adirana Armada Tbk's current ROC (Joel Greenblatt) % of 16.36% is 21.6% below 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 Adirana Armada Tbk and its competitors. For the Business Services industry, the median ROC (Joel Greenblatt) % is 20.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Adirana Armada Tbk's current ROC (Joel Greenblatt) % is 16.36%, which is 60% above median its own 10-year median of 10.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,061.27, compared to a current price of Rp605.00 — trading 43% below its estimated fair value. The current ROC (Joel Greenblatt) % is 16.36%, which is 60% above median its 10-year median of 10.25 and 21.6% below the Business Services industry median of 20.87. PT Adirana Armada Tbk's overall GF Score™ is 89/100 with 3 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 Adirana Armada Tbk (ISX:ASSA), the current ROC (Joel Greenblatt) % is 16.36% 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 Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued.
The current stock price of Rp605.00 is trading 43% below its estimated GF Value™ of Rp1,061.27.
GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.
Key valuation signals for ISX:ASSA:
ROC (Joel Greenblatt) %: 16.36% (60% above median its 10-year median of 10.25)
GF Value™: Rp1,061.27 vs. price of Rp605.00 (43% below fair value)
Industry Position: 21.6% below the Business Services median (#584 of 1080)
No single metric tells the full story. See the ISX:ASSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
89GF Score
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