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 Gunawan Dianjaya Steel Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.89%.
The historical rank and industry rank for PT Gunawan Dianjaya Steel Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:GDST'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.23 Med: 6.98 Max: 35.06
Current: 8.99
During the past 13 years, PT Gunawan Dianjaya Steel Tbk's highest ROC (Joel Greenblatt) % was 35.06%. The lowest was -15.23%. And the median was 6.98%.
ISX:GDST's ROC (Joel Greenblatt) % is ranked better than 56.58% of 631
companies
in the Steel industry
Industry Median: 6.97
vs ISX:GDST: 8.99
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.
ISX:GDST vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, PT Gunawan Dianjaya Steel 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 Gunawan Dianjaya Steel Tbk ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, PT Gunawan Dianjaya Steel Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Gunawan Dianjaya Steel 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 7.89% mean?
PT Gunawan Dianjaya Steel Tbk (ISX:GDST) has a ROC (Joel Greenblatt) % of 7.89% 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 Gunawan Dianjaya Steel Tbk and its competitors. This is 13% above median its historical median of 6.98. According to the industry distribution chart, PT Gunawan Dianjaya Steel Tbk ranks #274 out of 631 companies in the Steel industry, placing it in the top 43.4%.
Is PT Gunawan Dianjaya Steel Tbk's ROC (Joel Greenblatt) % too high?
PT Gunawan Dianjaya Steel Tbk's current ROC (Joel Greenblatt) % of 7.89% is 13% above median its 10-year median of 6.98. The Steel industry median ROC (Joel Greenblatt) % is 6.97. PT Gunawan Dianjaya Steel Tbk's value of 7.89% is 13.2% above this industry median. Based on the distribution chart, PT Gunawan Dianjaya Steel Tbk ranks #274 out of 631 companies in the Steel industry, which is above the industry midpoint. Overall, PT Gunawan Dianjaya Steel Tbk has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Gunawan Dianjaya Steel Tbk's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, PT Gunawan Dianjaya Steel Tbk ranks #274 out of 631 companies for ROC (Joel Greenblatt) %. This puts PT Gunawan Dianjaya Steel Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 6.97. PT Gunawan Dianjaya Steel Tbk's value of 7.89% is 13.2% above this benchmark. While the company's 10-year median is 6.98 vs. the industry median of 6.97, PT Gunawan Dianjaya Steel 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 6.97, based on 631 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 Gunawan Dianjaya Steel Tbk's current ROC (Joel Greenblatt) % of 7.89% is 13.2% 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 Gunawan Dianjaya Steel Tbk and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gunawan Dianjaya Steel Tbk's current ROC (Joel Greenblatt) % is 7.89%, which is 13% above median its own 10-year median of 6.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gunawan Dianjaya Steel Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gunawan Dianjaya Steel Tbk (ISX:GDST) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp89.77, compared to a current price of Rp79.00 — trading 12% below its estimated fair value. The current ROC (Joel Greenblatt) % is 7.89%, which is 13% above median its 10-year median of 6.98 and 13.2% above the Steel industry median of 6.97. PT Gunawan Dianjaya Steel Tbk's overall GF Score™ is 66/100 with 7 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 Gunawan Dianjaya Steel Tbk (ISX:GDST), the current ROC (Joel Greenblatt) % is 7.89% 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 Gunawan Dianjaya Steel Tbk (ISX:GDST) Overvalued in 2026?
Based on GuruFocus' analysis, PT Gunawan Dianjaya Steel Tbk stock appears to be undervalued.
The current stock price of Rp79.00 is trading 12% below its estimated GF Value™ of Rp89.77.
GuruFocus considers PT Gunawan Dianjaya Steel Tbk to be Modestly Undervalued.
Key valuation signals for ISX:GDST:
ROC (Joel Greenblatt) %: 7.89% (13% above median its 10-year median of 6.98)
GF Value™: Rp89.77 vs. price of Rp79.00 (12% below fair value)
Industry Position: 13.2% above the Steel median (#274 of 631)
No single metric tells the full story. See the ISX:GDST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Gunawan Dianjaya Steel Tbk Business Description
PT Gunawan Dianjaya Steel Tbk is an Indonesian steel plate manufacturing (re-rolling) company. It is engaged in the manufacture of Hot Rolled Steel Plate. Its products include Low carbon Structural Steel Plates, High Strength Low Alloy Structural Steel Plates, Steel plates for boilers and pressure vessels, Steel plates for ship building including Hull Structural Steel Plates (Mild Steels), and High Strength Hull Structural Steel Plates (High Tensile Steels). It operates in single segment of manufacturing of hot rolled steel in Indonesia.
66GF Score
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