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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 Mastersystem Infotama Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 62.86%.
The historical rank and industry rank for PT Mastersystem Infotama Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:MSTI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 57.02 Med: 77.85 Max: 92.11
Current: 59.95
During the past 6 years, PT Mastersystem Infotama Tbk's highest ROC (Joel Greenblatt) % was 92.11%. The lowest was 57.02%. And the median was 77.85%.
ISX:MSTI's ROC (Joel Greenblatt) % is ranked better than 64.38% of 2816
companies
in the Software industry
Industry Median: 20.03
vs ISX:MSTI: 59.95
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:MSTI vs IBM, ACN, FISV: ROC (Joel Greenblatt) % Comparison
For the Information Technology Services subindustry, PT Mastersystem Infotama 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 Mastersystem Infotama Tbk ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, PT Mastersystem Infotama Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Mastersystem Infotama 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 62.86% mean?
PT Mastersystem Infotama Tbk (ISX:MSTI) has a ROC (Joel Greenblatt) % of 62.86% 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 Mastersystem Infotama Tbk and its competitors. This is 19% below median its historical median of 77.85. Over the past decade, PT Mastersystem Infotama Tbk's ROC (Joel Greenblatt) % has ranged from 57.02 to 92.11. According to the industry distribution chart, PT Mastersystem Infotama Tbk ranks #1003 out of 2816 companies in the Software industry, placing it in the top 35.6%.
Is PT Mastersystem Infotama Tbk's ROC (Joel Greenblatt) % too high?
PT Mastersystem Infotama Tbk's current ROC (Joel Greenblatt) % of 62.86% is 19% below median its 10-year median of 77.85. Over the past 10 years, this metric has ranged from a low of 57.02 to a high of 92.11. The Software industry median ROC (Joel Greenblatt) % is 20.03. PT Mastersystem Infotama Tbk's value of 62.86% is 213.8% above this industry median. Based on the distribution chart, PT Mastersystem Infotama Tbk ranks #1003 out of 2816 companies in the Software industry, which is above the industry midpoint. Overall, PT Mastersystem Infotama Tbk has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mastersystem Infotama Tbk's ROC (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, PT Mastersystem Infotama Tbk ranks #1003 out of 2816 companies for ROC (Joel Greenblatt) %. This puts PT Mastersystem Infotama Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 20.03. PT Mastersystem Infotama Tbk's value of 62.86% is 213.8% above this benchmark. Historically, PT Mastersystem Infotama Tbk's own ROC (Joel Greenblatt) % has ranged from 57.02 to 92.11 over the past decade. While the company's 10-year median is 77.85 vs. the industry median of 20.03, PT Mastersystem Infotama 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.03, based on 2,816 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 Mastersystem Infotama Tbk's current ROC (Joel Greenblatt) % of 62.86% is 213.8% 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 Mastersystem Infotama Tbk and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mastersystem Infotama Tbk's current ROC (Joel Greenblatt) % is 62.86%, which is 19% below median its own 10-year median of 77.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mastersystem Infotama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mastersystem Infotama Tbk (ISX:MSTI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,546.05, compared to a current price of Rp1,320.00 — trading 14.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 62.86%, which is 19% below median its 10-year median of 77.85 and 213.8% above the Software industry median of 20.03. PT Mastersystem Infotama Tbk's overall GF Score™ is 71/100 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 Mastersystem Infotama Tbk (ISX:MSTI), the current ROC (Joel Greenblatt) % is 62.86% 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 Mastersystem Infotama Tbk (ISX:MSTI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mastersystem Infotama Tbk stock appears to be undervalued.
The current stock price of Rp1,320.00 is trading 14.6% below its estimated GF Value™ of Rp1,546.05.
GuruFocus considers PT Mastersystem Infotama Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MSTI:
ROC (Joel Greenblatt) %: 62.86% (19% below median its 10-year median of 77.85)
GF Value™: Rp1,546.05 vs. price of Rp1,320.00 (14.6% below fair value)
Industry Position: 213.8% above the Software median (#1003 of 2816)
No single metric tells the full story. See the ISX:MSTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mastersystem Infotama Tbk is a system integration service provider in Indonesia. The Company offers a comprehensive range of Information and Communication Technology (ICT) solutions to customers by integrating various hardware, software, network, and communications components into a cohesive and functional system, thereby enabling seamless collaboration and interaction between existing technology systems. The Company provides comprehensive services for customers by planning, designing, implementing, and optimizing ICT infrastructure and offering solutions that support the achievement of increased efficiency, scalability, and productivity, so that customers can achieve sustainable business activity growth. The company generates the majority of its revenue from Hardware sales.
71GF Score
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