PT Indika Energy TbkISX:INDY -0.99%73 ROC (Joel Greenblatt) % is 23.56% as of Mar. 2026, which is 36% below its 10-year median of 36.59. GuruFocus rates ISX:INDY with a GF Score™ of 73/100 and a GF Value™ of Rp1,240.02 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 182 Other Energy Sources companies, PT Indika Energy Tbk ranks better than 76.92% 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 Indika Energy Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.56%.
The historical rank and industry rank for PT Indika Energy Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:INDY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.48 Med: 36.59 Max: 271.24
Current: 20.55
During the past 13 years, PT Indika Energy Tbk's highest ROC (Joel Greenblatt) % was 271.24%. The lowest was -9.48%. And the median was 36.59%.
ISX:INDY's ROC (Joel Greenblatt) % is ranked better than 76.92% of 182
companies
in the Other Energy Sources industry
Industry Median: 2.13
vs ISX:INDY: 20.55
PT Indika Energy Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
PT Indika Energy Tbk (ISX:INDY) 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 Indika Energy Tbk ROC (Joel Greenblatt) % Related Terms
PT Indika Energy Tbk ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PT Indika Energy 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 Indika Energy Tbk ROC (Joel Greenblatt) % Chart
PT Indika Energy Tbk ROC (Joel Greenblatt) % Competitor Comparison
For the Thermal Coal subindustry, PT Indika Energy 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 Indika Energy Tbk ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Indika Energy Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Indika Energy Tbk's ROC (Joel Greenblatt) % falls into.
PT Indika Energy 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 23.56% mean?
PT Indika Energy Tbk (ISX:INDY) has a ROC (Joel Greenblatt) % of 23.56% 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 Indika Energy Tbk and its competitors. This is 36% below median its historical median of 36.59. According to the industry distribution chart, PT Indika Energy Tbk ranks #42 out of 182 companies in the Other Energy Sources industry, placing it in the top 23.1%.
Is PT Indika Energy Tbk's ROC (Joel Greenblatt) % too high?
PT Indika Energy Tbk's current ROC (Joel Greenblatt) % of 23.56% is 36% below median its 10-year median of 36.59. The Other Energy Sources industry median ROC (Joel Greenblatt) % is 2.13. PT Indika Energy Tbk's value of 23.56% is 1006.1% above this industry median. Based on the distribution chart, PT Indika Energy Tbk ranks #42 out of 182 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indika Energy Tbk has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indika Energy Tbk's ROC (Joel Greenblatt) % compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Indika Energy Tbk ranks #42 out of 182 companies for ROC (Joel Greenblatt) %. This places PT Indika Energy Tbk in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 2.13. PT Indika Energy Tbk's value of 23.56% is 1006.1% above this benchmark. While the company's 10-year median is 36.59 vs. the industry median of 2.13, PT Indika Energy 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 an Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.13, based on 182 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 Indika Energy Tbk's current ROC (Joel Greenblatt) % of 23.56% is 1006.1% 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 Indika Energy Tbk and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indika Energy Tbk's current ROC (Joel Greenblatt) % is 23.56%, which is 36% below median its own 10-year median of 36.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indika Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indika Energy Tbk (ISX:INDY) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,240.02, compared to a current price of Rp2,000.00 — trading 61.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 23.56%, which is 36% below median its 10-year median of 36.59 and 1006.1% above the Other Energy Sources industry median of 2.13. PT Indika Energy Tbk's overall GF Score™ is 73/100 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 Indika Energy Tbk (ISX:INDY), the current ROC (Joel Greenblatt) % is 23.56% 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 Indika Energy Tbk (ISX:INDY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indika Energy Tbk stock appears to be overvalued.
The current stock price of Rp2,000.00 is trading 61.3% above its estimated GF Value™ of Rp1,240.02.
GuruFocus considers PT Indika Energy Tbk to be Significantly Overvalued.
Key valuation signals for ISX:INDY:
ROC (Joel Greenblatt) %: 23.56% (36% below median its 10-year median of 36.59)
GF Value™: Rp1,240.02 vs. price of Rp2,000.00 (61.3% above fair value)
Industry Position: 1006.1% above the Other Energy Sources median (#42 of 182)
No single metric tells the full story. See the ISX:INDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indika Energy Tbk is an Indonesia-based integrated energy company engaged in exploring, producing, and processing coal. The company and its subsidiaries are principally organized and based on Energy resources, Energy services, Logistics and infrastructure, Green business, Mineral, Digital Ventures, and Other segments. The company derives maximum revenue from Energy resources engaged in the field exploration of coal resources, production, and trading.
73GF Score
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