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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 Capitalinc Investment Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1,969.23%.
The historical rank and industry rank for PT Capitalinc Investment Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:MTFN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3673.57 Med: -185 Max: 369.4
Current: 80.5
During the past 13 years, PT Capitalinc Investment Tbk's highest ROC (Joel Greenblatt) % was 369.40%. The lowest was -3673.57%. And the median was -185.00%.
ISX:MTFN's ROC (Joel Greenblatt) % is ranked better than 95.39% of 998
companies
in the Oil & Gas industry
Industry Median: 8.465
vs ISX:MTFN: 80.50
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:MTFN vs COP, EOG, FANG: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, PT Capitalinc Investment 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 Capitalinc Investment Tbk ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PT Capitalinc Investment Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Capitalinc Investment 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 -1,969.23% mean?
PT Capitalinc Investment Tbk (ISX:MTFN) has a ROC (Joel Greenblatt) % of -1,969.23% 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 Capitalinc Investment Tbk and its competitors. According to the industry distribution chart, PT Capitalinc Investment Tbk ranks #46 out of 998 companies in the Oil & Gas industry, placing it in the top 4.6%.
Is PT Capitalinc Investment Tbk's ROC (Joel Greenblatt) % too high?
PT Capitalinc Investment Tbk's current ROC (Joel Greenblatt) % is -1,969.23%. Based on the distribution chart, PT Capitalinc Investment Tbk ranks #46 out of 998 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, PT Capitalinc Investment Tbk has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Capitalinc Investment Tbk's ROC (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, PT Capitalinc Investment Tbk ranks #46 out of 998 companies for ROC (Joel Greenblatt) %. This places PT Capitalinc Investment Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.47. 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.47, based on 998 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. 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 Capitalinc Investment Tbk and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Capitalinc Investment Tbk's current ROC (Joel Greenblatt) % is -1,969.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Capitalinc Investment Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Capitalinc Investment Tbk (ISX:MTFN) is currently considered Possible Value Trap. The stock's GF Value™ is Rp26.56, compared to a current price of Rp13.00 — trading 51.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1,969.23%. PT Capitalinc Investment Tbk's overall GF Score™ is 51/100 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 Capitalinc Investment Tbk (ISX:MTFN), the current ROC (Joel Greenblatt) % is -1,969.23% 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 Capitalinc Investment Tbk (ISX:MTFN) Overvalued in 2026?
Based on GuruFocus' analysis, PT Capitalinc Investment Tbk stock appears to be undervalued.
The current stock price of Rp13.00 is trading 51.1% below its estimated GF Value™ of Rp26.56.
GuruFocus considers PT Capitalinc Investment Tbk to be Possible Value Trap.
Key valuation signals for ISX:MTFN:
ROC (Joel Greenblatt) %: -1,969.23%
GF Value™: Rp26.56 vs. price of Rp13.00 (51.1% below fair value)
No single metric tells the full story. See the ISX:MTFN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Capitalinc Investment Tbk is an Indonesian-based company engaged in financial services, which invests in mining and energy, focusing on oil and gas. The company's investment in the form of shares ownership in some subsidiaries and associates of the company usually held on oil and gas companies, from upstream and downstream. The group derives revenue mainly from the sales and services revenue from its subsidiaries. The group's operating segments are Business Investment segment and Oil and Gas segment. It generates the majority of the revenue from Oil & Gas segment.
51GF Score
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