PT Pelat Timah Nusantara Tbk (ISX:NIKL) ROC (Joel Greenblatt) %: 3.00% (As of Jun. 2026) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:NIKL PT Pelat Timah Nusantara Tbk ISX:NIKL
62 GF Score
Price Rp236.00
GF Value Rp259.06
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is PT Pelat Timah Nusantara Tbk ROC (Joel Greenblatt) %?

PT Pelat Timah Nusantara Tbk ISX:NIKL -7.09% 62 ROC (Joel Greenblatt) % is 3.00% as of Jun. 2026, which is 29% below its 10-year median of 4.20. GuruFocus rates ISX:NIKL with a GF Score™ of 62/100 and a GF Value™ of Rp259.06 (Fairly Valued). The stock has 5 warning signs investors should review. Among 3,072 Industrial Products companies, PT Pelat Timah Nusantara Tbk ranks worse than 66.89% 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 Pelat Timah Nusantara Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 3.00%.

The historical rank and industry rank for PT Pelat Timah Nusantara Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:

ISX:NIKL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1   Med: 4.2   Max: 13.65
Current: 4.86

During the past 13 years, PT Pelat Timah Nusantara Tbk's highest ROC (Joel Greenblatt) % was 13.65%. The lowest was -1.00%. And the median was 4.20%.

ISX:NIKL's ROC (Joel Greenblatt) % is ranked worse than
66.89% of 3072 companies
in the Industrial Products industry
Industry Median: 11.925 vs ISX:NIKL: 4.86

PT Pelat Timah Nusantara Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


PT Pelat Timah Nusantara Tbk  (ISX:NIKL) ROC (Joel Greenblatt) % Explanation

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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


PT Pelat Timah Nusantara Tbk ROC (Joel Greenblatt) % Related Terms


PT Pelat Timah Nusantara Tbk ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for PT Pelat Timah Nusantara Tbk's ROC (Joel Greenblatt) % can be seen below:

* 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 Pelat Timah Nusantara Tbk ROC (Joel Greenblatt) % Chart

PT Pelat Timah Nusantara Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.65 10.91 -1.00 3.58 3.83

PT Pelat Timah Nusantara Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.59 7.25 7.48 1.88 3.00

ISX:NIKL vs ATI, CRS, MLI: ROC (Joel Greenblatt) % Comparison

For the Metal Fabrication subindustry, PT Pelat Timah Nusantara 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 Pelat Timah Nusantara Tbk ROC (Joel Greenblatt) % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, PT Pelat Timah Nusantara Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PT Pelat Timah Nusantara Tbk's ROC (Joel Greenblatt) % falls into.


ISX:NIKL
62GF Score
PT Pelat Timah Nusantara Tbk ISX:NIKL
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Pelat Timah Nusantara 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(920093.45 + 361424.774 + 6280.79) - (99510.742 + 0 + 17318.728)
=1170969.544

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(877902.122 + 484585.918 + 5572.2179999999) - (189007.5 + 0 + 11484.862)
=1167567.896

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PT Pelat Timah Nusantara Tbk for the quarter that ended in Jun. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=46656.132/( ( (379031.302 + max(1170969.544, 0)) + (394821.241 + max(1167567.896, 0)) )/ 2 )
=46656.132/( ( 1550000.846 + 1562389.137 )/ 2 )
=46656.132/1556194.9915
=3.00 %

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 3.00% mean?
PT Pelat Timah Nusantara Tbk (ISX:NIKL) has a ROC (Joel Greenblatt) % of 3.00% 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 Pelat Timah Nusantara Tbk and its competitors. This is 29% below median its historical median of 4.20. According to the industry distribution chart, PT Pelat Timah Nusantara Tbk ranks #2055 out of 3072 companies in the Industrial Products industry, placing it in the top 66.9%.
Is PT Pelat Timah Nusantara Tbk's ROC (Joel Greenblatt) % too high?
PT Pelat Timah Nusantara Tbk's current ROC (Joel Greenblatt) % of 3.00% is 29% below median its 10-year median of 4.20. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.93. PT Pelat Timah Nusantara Tbk's value of 3.00% is 74.8% below this industry median. Based on the distribution chart, PT Pelat Timah Nusantara Tbk ranks #2055 out of 3072 companies in the Industrial Products industry, which is below the industry midpoint. Overall, PT Pelat Timah Nusantara Tbk has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Pelat Timah Nusantara Tbk's ROC (Joel Greenblatt) % compare to ATI and CRS?
According to the Industrial Products industry distribution chart, PT Pelat Timah Nusantara Tbk ranks #2055 out of 3072 companies for ROC (Joel Greenblatt) %. This places PT Pelat Timah Nusantara Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.93. PT Pelat Timah Nusantara Tbk's value of 3.00% is 74.8% below this benchmark. While the company's 10-year median is 4.20 vs. the industry median of 11.93, PT Pelat Timah Nusantara Tbk has consistently been below 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.93, based on 3,072 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 Pelat Timah Nusantara Tbk's current ROC (Joel Greenblatt) % of 3.00% is 74.8% below 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 Pelat Timah Nusantara Tbk and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pelat Timah Nusantara Tbk's current ROC (Joel Greenblatt) % is 3.00%, which is 29% below median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pelat Timah Nusantara Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pelat Timah Nusantara Tbk (ISX:NIKL) is currently considered Fairly Valued. The stock's GF Value™ is Rp259.06, compared to a current price of Rp236.00 — trading 8.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3.00%, which is 29% below median its 10-year median of 4.20 and 74.8% below the Industrial Products industry median of 11.93. PT Pelat Timah Nusantara Tbk's overall GF Score™ is 62/100 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 Pelat Timah Nusantara Tbk (ISX:NIKL), the current ROC (Joel Greenblatt) % is 3.00% 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 Pelat Timah Nusantara Tbk (ISX:NIKL) Overvalued in 2026?

Based on GuruFocus' analysis, PT Pelat Timah Nusantara Tbk stock appears to be undervalued. The current stock price of Rp236.00 is trading 8.9% below its estimated GF Value™ of Rp259.06. GuruFocus considers PT Pelat Timah Nusantara Tbk to be Fairly Valued.

Key valuation signals for ISX:NIKL:

  • ROC (Joel Greenblatt) %: 3.00% (29% below median its 10-year median of 4.20)
  • GF Value™: Rp259.06 vs. price of Rp236.00 (8.9% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 74.8% below the Industrial Products median (#2055 of 3072)

No single metric tells the full story. See the ISX:NIKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Pelat Timah Nusantara Tbk Business Description

Address Gedung Krakatau Steel Lantai, 3rd Floor, Jl. Jend. Gatot Subroto Kav. 54, Jakarta, IDN, 12950
PT Pelat Timah Nusantara Tbk is an Indonesia-based manufacturer and distributor of tinplates and related products. The company offers tinplate products in the following forms: coil, sheet, and scroll. Its operating segment includes the Coil segment and Sheet segment, and generates a majority of its revenue from the Coil segment. The company also offers products in different specifications, tin-plated thicknesses, and sizes.
62GF Score

Get the complete analysis for ISX:NIKL

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp236.00
Price
Rp259.06
GF Value