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PT Multi Spunindo Jaya TbkISX:MSJA 36 ROC (Joel Greenblatt) % is 8.82% as of Mar. 2026, which is 32% below its 10-year median of 12.99. GuruFocus rates ISX:MSJA with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,061 Manufacturing - Apparel & Accessories companies, PT Multi Spunindo Jaya Tbk ranks better than 61.92% 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 Multi Spunindo Jaya Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.82%.
The historical rank and industry rank for PT Multi Spunindo Jaya Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:MSJA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.39 Med: 12.99 Max: 34.57
Current: 12.39
During the past 6 years, PT Multi Spunindo Jaya Tbk's highest ROC (Joel Greenblatt) % was 34.57%. The lowest was 9.39%. And the median was 12.99%.
ISX:MSJA's ROC (Joel Greenblatt) % is ranked better than 61.92% of 1061
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 8.45
vs ISX:MSJA: 12.39
PT Multi Spunindo Jaya Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -18.70% per year.
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.
PT Multi Spunindo Jaya Tbk ROC (Joel Greenblatt) % Chart
For the Textile Manufacturing subindustry, PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Multi Spunindo Jaya Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Multi Spunindo Jaya Tbk's ROC (Joel Greenblatt) % falls into.
PT Multi Spunindo Jaya 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 8.82% mean?
PT Multi Spunindo Jaya Tbk (ISX:MSJA) has a ROC (Joel Greenblatt) % of 8.82% 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 Multi Spunindo Jaya Tbk and its competitors. This is 32% below median its historical median of 12.99. Over the past decade, PT Multi Spunindo Jaya Tbk's ROC (Joel Greenblatt) % has ranged from 9.39 to 34.57. According to the industry distribution chart, PT Multi Spunindo Jaya Tbk ranks #404 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 38.1%.
Is PT Multi Spunindo Jaya Tbk's ROC (Joel Greenblatt) % too high?
PT Multi Spunindo Jaya Tbk's current ROC (Joel Greenblatt) % of 8.82% is 32% below median its 10-year median of 12.99. Over the past 10 years, this metric has ranged from a low of 9.39 to a high of 34.57. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 8.45. PT Multi Spunindo Jaya Tbk's value of 8.82% is 4.4% above this industry median. Based on the distribution chart, PT Multi Spunindo Jaya Tbk ranks #404 out of 1061 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, PT Multi Spunindo Jaya Tbk has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does PT Multi Spunindo Jaya Tbk's ROC (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Multi Spunindo Jaya Tbk ranks #404 out of 1061 companies for ROC (Joel Greenblatt) %. This puts PT Multi Spunindo Jaya Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.45. PT Multi Spunindo Jaya Tbk's value of 8.82% is 4.4% above this benchmark. Historically, PT Multi Spunindo Jaya Tbk's own ROC (Joel Greenblatt) % has ranged from 9.39 to 34.57 over the past decade. While the company's 10-year median is 12.99 vs. the industry median of 8.45, PT Multi Spunindo Jaya 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 8.45, based on 1,061 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 Multi Spunindo Jaya Tbk's current ROC (Joel Greenblatt) % of 8.82% is 4.4% 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 Multi Spunindo Jaya Tbk and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multi Spunindo Jaya Tbk's current ROC (Joel Greenblatt) % is 8.82%, which is 32% below median its own 10-year median of 12.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Spunindo Jaya Tbk stock overvalued right now?
PT Multi Spunindo Jaya Tbk (ISX:MSJA) has a current ROC (Joel Greenblatt) % of 8.82%. The current ROC (Joel Greenblatt) % is 8.82%, which is 32% below median its 10-year median of 12.99 and 4.4% above the Manufacturing - Apparel & Accessories industry median of 8.45. PT Multi Spunindo Jaya Tbk's overall GF Score™ is 36/100 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 Multi Spunindo Jaya Tbk (ISX:MSJA), the current ROC (Joel Greenblatt) % is 8.82% 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.
PT Multi Spunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors. It has two segments Local and Export. Geographically, it operates in Indonesia.
36GF Score
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