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PT Mandiri Herindo Adiperkasa TbkISX:MAHA 79 ROC (Joel Greenblatt) % is 28.66% as of Mar. 2026, which is 24% below its 10-year median of 37.71. GuruFocus rates ISX:MAHA with a GF Score™ of 79/100 and a GF Value™ of Rp232.30 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 999 Transportation companies, PT Mandiri Herindo Adiperkasa Tbk ranks better than 82.48% 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 Mandiri Herindo Adiperkasa Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.66%.
The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:MAHA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 23.95 Med: 37.71 Max: 104.38
Current: 30.09
During the past 6 years, PT Mandiri Herindo Adiperkasa Tbk's highest ROC (Joel Greenblatt) % was 104.38%. The lowest was 23.95%. And the median was 37.71%.
ISX:MAHA's ROC (Joel Greenblatt) % is ranked better than 82.48% of 999
companies
in the Transportation industry
Industry Median: 11.77
vs ISX:MAHA: 30.09
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:MAHA vs ODFL, XPO, KNX: ROC (Joel Greenblatt) % Comparison
For the Trucking subindustry, PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Mandiri Herindo Adiperkasa 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 28.66% mean?
PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) has a ROC (Joel Greenblatt) % of 28.66% 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 Mandiri Herindo Adiperkasa Tbk and its competitors. This is 24% below median its historical median of 37.71. Over the past decade, PT Mandiri Herindo Adiperkasa Tbk's ROC (Joel Greenblatt) % has ranged from 23.95 to 104.38. According to the industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #175 out of 999 companies in the Transportation industry, placing it in the top 17.5%.
Is PT Mandiri Herindo Adiperkasa Tbk's ROC (Joel Greenblatt) % too high?
PT Mandiri Herindo Adiperkasa Tbk's current ROC (Joel Greenblatt) % of 28.66% is 24% below median its 10-year median of 37.71. Over the past 10 years, this metric has ranged from a low of 23.95 to a high of 104.38. The Transportation industry median ROC (Joel Greenblatt) % is 11.77. PT Mandiri Herindo Adiperkasa Tbk's value of 28.66% is 143.5% above this industry median. Based on the distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #175 out of 999 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, PT Mandiri Herindo Adiperkasa Tbk has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mandiri Herindo Adiperkasa Tbk's ROC (Joel Greenblatt) % compare to ODFL and XPO?
According to the Transportation industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #175 out of 999 companies for ROC (Joel Greenblatt) %. This places PT Mandiri Herindo Adiperkasa Tbk in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.77. PT Mandiri Herindo Adiperkasa Tbk's value of 28.66% is 143.5% above this benchmark. Historically, PT Mandiri Herindo Adiperkasa Tbk's own ROC (Joel Greenblatt) % has ranged from 23.95 to 104.38 over the past decade. While the company's 10-year median is 37.71 vs. the industry median of 11.77, PT Mandiri Herindo Adiperkasa 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.77, based on 999 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 Mandiri Herindo Adiperkasa Tbk's current ROC (Joel Greenblatt) % of 28.66% is 143.5% 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 Mandiri Herindo Adiperkasa Tbk and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mandiri Herindo Adiperkasa Tbk's current ROC (Joel Greenblatt) % is 28.66%, which is 24% below median its own 10-year median of 37.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mandiri Herindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp232.30, compared to a current price of Rp141.00 — trading 39.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 28.66%, which is 24% below median its 10-year median of 37.71 and 143.5% above the Transportation industry median of 11.77. PT Mandiri Herindo Adiperkasa Tbk's overall GF Score™ is 79/100 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA), the current ROC (Joel Greenblatt) % is 28.66% 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk stock appears to be undervalued.
The current stock price of Rp141.00 is trading 39.3% below its estimated GF Value™ of Rp232.30.
GuruFocus considers PT Mandiri Herindo Adiperkasa Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MAHA:
ROC (Joel Greenblatt) %: 28.66% (24% below median its 10-year median of 37.71)
GF Value™: Rp232.30 vs. price of Rp141.00 (39.3% below fair value)
Industry Position: 143.5% above the Transportation median (#175 of 999)
No single metric tells the full story. See the ISX:MAHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mandiri Herindo Adiperkasa Tbk Business Description
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers, and dump trucks, with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments, which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates the majority of its revenue from the East Kalimantan segment.
79GF Score
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