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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 Jaya Konstruksi Manggala Pratama Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 40.82%.
ISX:JKON'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.59 Med: 19.89 Max: 31.79
Current: 23.95
During the past 13 years, PT Jaya Konstruksi Manggala Pratama Tbk's highest ROC (Joel Greenblatt) % was 31.79%. The lowest was 1.59%. And the median was 19.89%.
ISX:JKON's ROC (Joel Greenblatt) % is ranked better than 62.32% of 552
companies
in the Conglomerates industry
Industry Median: 14.865
vs ISX:JKON: 23.95
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:JKON vs MMM, HON: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama Tbk ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, PT Jaya Konstruksi Manggala Pratama Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Jaya Konstruksi Manggala Pratama 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 (Jun. 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 40.82% mean?
PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) has a ROC (Joel Greenblatt) % of 40.82% as of Jun. 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 Jaya Konstruksi Manggala Pratama Tbk and its competitors. This is 105% above median its historical median of 19.89. Over the past decade, PT Jaya Konstruksi Manggala Pratama Tbk's ROC (Joel Greenblatt) % has ranged from 1.59 to 31.79. According to the industry distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #208 out of 552 companies in the Conglomerates industry, placing it in the top 37.7%.
Is PT Jaya Konstruksi Manggala Pratama Tbk's ROC (Joel Greenblatt) % too high?
PT Jaya Konstruksi Manggala Pratama Tbk's current ROC (Joel Greenblatt) % of 40.82% is 105% above median its 10-year median of 19.89. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 31.79. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.87. PT Jaya Konstruksi Manggala Pratama Tbk's value of 40.82% is 174.6% above this industry median. Based on the distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #208 out of 552 companies in the Conglomerates industry, which is above the industry midpoint. Overall, PT Jaya Konstruksi Manggala Pratama Tbk has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Jaya Konstruksi Manggala Pratama Tbk's ROC (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #208 out of 552 companies for ROC (Joel Greenblatt) %. This puts PT Jaya Konstruksi Manggala Pratama Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.87. PT Jaya Konstruksi Manggala Pratama Tbk's value of 40.82% is 174.6% above this benchmark. Historically, PT Jaya Konstruksi Manggala Pratama Tbk's own ROC (Joel Greenblatt) % has ranged from 1.59 to 31.79 over the past decade. While the company's 10-year median is 19.89 vs. the industry median of 14.87, PT Jaya Konstruksi Manggala Pratama 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 14.87, based on 552 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 Jaya Konstruksi Manggala Pratama Tbk's current ROC (Joel Greenblatt) % of 40.82% is 174.6% 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 Jaya Konstruksi Manggala Pratama Tbk and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jaya Konstruksi Manggala Pratama Tbk's current ROC (Joel Greenblatt) % is 40.82%, which is 105% above median its own 10-year median of 19.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jaya Konstruksi Manggala Pratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) is currently considered Fairly Valued. The stock's GF Value™ is Rp94.03, compared to a current price of Rp86.00 — trading 8.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 40.82%, which is 105% above median its 10-year median of 19.89 and 174.6% above the Conglomerates industry median of 14.87. PT Jaya Konstruksi Manggala Pratama Tbk's overall GF Score™ is 69/100 with 5 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON), the current ROC (Joel Greenblatt) % is 40.82% as of Jun. 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk stock appears to be undervalued.
The current stock price of Rp86.00 is trading 8.5% below its estimated GF Value™ of Rp94.03.
GuruFocus considers PT Jaya Konstruksi Manggala Pratama Tbk to be Fairly Valued.
Key valuation signals for ISX:JKON:
ROC (Joel Greenblatt) %: 40.82% (105% above median its 10-year median of 19.89)
GF Value™: Rp94.03 vs. price of Rp86.00 (8.5% below fair value)
Industry Position: 174.6% above the Conglomerates median (#208 of 552)
No single metric tells the full story. See the ISX:JKON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Jaya Konstruksi Manggala Pratama Tbk is an Indonesian infrastructure development company that is engaged in the infrastructure and building construction sector, asphalt, and liquefied petroleum gas trading, precast concrete manufacturing, and specialized mechanical and electrical engineering and maintenance services. The company delivers construction, engineering, and maintenance services for hotels, malls, apartments, and office buildings in Indonesia and overseas. It manages its business in segments, namely Construction, Gas trading, Asphalt trading, Manufacturing concrete, Handling equipment, and Others. The company earns the majority of its revenue from its Asphalt trading business in Indonesia.
69GF Score
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