PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) ROC (Joel Greenblatt) %: 3.03% (As of Mar. 2026) — 30% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:IPOL PT Indopoly Swakarsa Industry Tbk ISX:IPOL
62 GF Score
Price Rp106.00
GF Value Rp165.53
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is PT Indopoly Swakarsa Industry Tbk ROC (Joel Greenblatt) %?

PT Indopoly Swakarsa Industry Tbk ISX:IPOL -0.93% 62 ROC (Joel Greenblatt) % is 3.03% as of Mar. 2026, which is 30% below its 10-year median of 4.34. GuruFocus rates ISX:IPOL with a GF Score™ of 62/100 and a GF Value™ of Rp165.53 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 400 Packaging & Containers companies, PT Indopoly Swakarsa Industry Tbk ranks worse than 74.25% 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 Indopoly Swakarsa Industry Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.03%.

The historical rank and industry rank for PT Indopoly Swakarsa Industry Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:

ISX:IPOL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.38   Med: 4.34   Max: 7.33
Current: 3.02

During the past 13 years, PT Indopoly Swakarsa Industry Tbk's highest ROC (Joel Greenblatt) % was 7.33%. The lowest was 2.38%. And the median was 4.34%.

ISX:IPOL's ROC (Joel Greenblatt) % is ranked worse than
74.25% of 400 companies
in the Packaging & Containers industry
Industry Median: 8.88 vs ISX:IPOL: 3.02

PT Indopoly Swakarsa Industry Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -19.80% per year.


PT Indopoly Swakarsa Industry Tbk  (ISX:IPOL) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


PT Indopoly Swakarsa Industry Tbk ROC (Joel Greenblatt) % Related Terms


PT Indopoly Swakarsa Industry Tbk ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk ROC (Joel Greenblatt) % Chart

PT Indopoly Swakarsa Industry Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.33 3.90 2.38 2.63 3.06

PT Indopoly Swakarsa Industry Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.84 2.74 2.60 3.75 3.03

ISX:IPOL vs SW, PKG, IP: ROC (Joel Greenblatt) % Comparison

For the Packaging & Containers subindustry, PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk ROC (Joel Greenblatt) % vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Indopoly Swakarsa Industry Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PT Indopoly Swakarsa Industry Tbk's ROC (Joel Greenblatt) % falls into.


ISX:IPOL
62GF Score
PT Indopoly Swakarsa Industry Tbk ISX:IPOL
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indopoly Swakarsa Industry 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(991601.328 + 640868.637 + 206600.317) - (229104.815 + 0 + 75950.594)
=1534014.873

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1070764.699 + 633614.925 + 257478.542) - (231288.832 + 0 + 74658.45)
=1655910.884

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PT Indopoly Swakarsa Industry Tbk for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=175658.976/( ( (4188643.498 + max(1534014.873, 0)) + (4231559.701 + max(1655910.884, 0)) )/ 2 )
=175658.976/( ( 5722658.371 + 5887470.585 )/ 2 )
=175658.976/5805064.478
=3.03 %

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 3.03% mean?
PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) has a ROC (Joel Greenblatt) % of 3.03% 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 Indopoly Swakarsa Industry Tbk and its competitors. This is 30% below median its historical median of 4.34. Over the past decade, PT Indopoly Swakarsa Industry Tbk's ROC (Joel Greenblatt) % has ranged from 2.38 to 7.33. According to the industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #297 out of 400 companies in the Packaging & Containers industry, placing it in the top 74.2%.
Is PT Indopoly Swakarsa Industry Tbk's ROC (Joel Greenblatt) % too high?
PT Indopoly Swakarsa Industry Tbk's current ROC (Joel Greenblatt) % of 3.03% is 30% below median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 7.33. The Packaging & Containers industry median ROC (Joel Greenblatt) % is 8.88. PT Indopoly Swakarsa Industry Tbk's value of 3.03% is 65.9% below this industry median. Based on the distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #297 out of 400 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, PT Indopoly Swakarsa Industry Tbk has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Indopoly Swakarsa Industry Tbk's ROC (Joel Greenblatt) % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #297 out of 400 companies for ROC (Joel Greenblatt) %. This places PT Indopoly Swakarsa Industry Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.88. PT Indopoly Swakarsa Industry Tbk's value of 3.03% is 65.9% below this benchmark. Historically, PT Indopoly Swakarsa Industry Tbk's own ROC (Joel Greenblatt) % has ranged from 2.38 to 7.33 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 8.88, PT Indopoly Swakarsa Industry 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 Packaging & Containers company?
The median ROC (Joel Greenblatt) % among Packaging & Containers companies is 8.88, based on 400 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 Indopoly Swakarsa Industry Tbk's current ROC (Joel Greenblatt) % of 3.03% is 65.9% 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 Indopoly Swakarsa Industry Tbk and its competitors. For the Packaging & Containers industry, the median ROC (Joel Greenblatt) % is 8.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indopoly Swakarsa Industry Tbk's current ROC (Joel Greenblatt) % is 3.03%, which is 30% below median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indopoly Swakarsa Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) is currently considered Possible Value Trap. The stock's GF Value™ is Rp165.53, compared to a current price of Rp106.00 — trading 36% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3.03%, which is 30% below median its 10-year median of 4.34 and 65.9% below the Packaging & Containers industry median of 8.88. PT Indopoly Swakarsa Industry Tbk's overall GF Score™ is 62/100 with 6 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL), the current ROC (Joel Greenblatt) % is 3.03% 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk stock appears to be undervalued. The current stock price of Rp106.00 is trading 36% below its estimated GF Value™ of Rp165.53. GuruFocus considers PT Indopoly Swakarsa Industry Tbk to be Possible Value Trap.

Key valuation signals for ISX:IPOL:

  • ROC (Joel Greenblatt) %: 3.03% (30% below median its 10-year median of 4.34)
  • GF Value™: Rp165.53 vs. price of Rp106.00 (36% below fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 65.9% below the Packaging & Containers median (#297 of 400)

No single metric tells the full story. See the ISX:IPOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Indopoly Swakarsa Industry Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 70-71, Wisma Indosemen, 6th Floor, Jakarta, IDN, 12910
PT Indopoly Swakarsa Industry Tbk is an Indonesia-based company engaged in the manufacturing of biaxially-oriented polypropylene (BOPP) and biaxially-oriented polyester (BOPET) films for the flexible packaging industry. The company manufactures films that are being used in cigarette packaging, food packaging, non-food packaging, graphic media, green packaging, label, and other custom purposes. Its products are marketed under the brand name Ilene. The firm also manufactures specialty products such as oxo-biodegradable films, breathable films, and high barrier films. It offers its products to both the Indonesian market and international markets such as China, the United States, and others from which Indonesia derives a majority of its revenue to the company.
62GF Score

Get the complete analysis for ISX:IPOL

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp106.00
Price
Rp165.53
GF Value