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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 Provident Investasi Bersama Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6,698.75%.
The historical rank and industry rank for PT Provident Investasi Bersama Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:PALM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -74125.58 Med: 10.05 Max: 9820.62
Current: 9820.62
During the past 13 years, PT Provident Investasi Bersama Tbk's highest ROC (Joel Greenblatt) % was 9820.62%. The lowest was -74125.58%. And the median was 10.05%.
ISX:PALM's ROC (Joel Greenblatt) % is ranked better than 95.38% of 628
companies
in the Asset Management industry
Industry Median: 63.66
vs ISX:PALM: 9820.62
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 Provident Investasi Bersama Tbk ROC (Joel Greenblatt) % Chart
ISX:PALM vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, PT Provident Investasi Bersama 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 Provident Investasi Bersama Tbk ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PT Provident Investasi Bersama Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Provident Investasi Bersama Tbk's ROC (Joel Greenblatt) % falls into.
PT Provident Investasi Bersama 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 6,698.75% mean?
PT Provident Investasi Bersama Tbk (ISX:PALM) has a ROC (Joel Greenblatt) % of 6,698.75% 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 Provident Investasi Bersama Tbk and its competitors. This is 66554% above median its historical median of 10.05. According to the industry distribution chart, PT Provident Investasi Bersama Tbk ranks #29 out of 628 companies in the Asset Management industry, placing it in the top 4.6%.
Is PT Provident Investasi Bersama Tbk's ROC (Joel Greenblatt) % too high?
PT Provident Investasi Bersama Tbk's current ROC (Joel Greenblatt) % of 6,698.75% is 66554% above median its 10-year median of 10.05. The Asset Management industry median ROC (Joel Greenblatt) % is 63.66. PT Provident Investasi Bersama Tbk's value of 6,698.75% is 10422.7% above this industry median. Based on the distribution chart, PT Provident Investasi Bersama Tbk ranks #29 out of 628 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, PT Provident Investasi Bersama 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 Provident Investasi Bersama Tbk's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Provident Investasi Bersama Tbk ranks #29 out of 628 companies for ROC (Joel Greenblatt) %. This places PT Provident Investasi Bersama Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 63.66. PT Provident Investasi Bersama Tbk's value of 6,698.75% is 10422.7% above this benchmark. While the company's 10-year median is 10.05 vs. the industry median of 63.66, PT Provident Investasi Bersama 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.66, based on 628 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 Provident Investasi Bersama Tbk's current ROC (Joel Greenblatt) % of 6,698.75% is 10422.7% 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 Provident Investasi Bersama Tbk and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Provident Investasi Bersama Tbk's current ROC (Joel Greenblatt) % is 6,698.75%, which is 66554% above median its own 10-year median of 10.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Provident Investasi Bersama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Provident Investasi Bersama Tbk (ISX:PALM) is currently considered Possible Value Trap. The stock's GF Value™ is Rp4,283.79, compared to a current price of Rp308.00 — trading 92.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6,698.75%, which is 66554% above median its 10-year median of 10.05 and 10422.7% above the Asset Management industry median of 63.66. PT Provident Investasi Bersama Tbk's overall GF Score™ is 51/100 with 6 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 Provident Investasi Bersama Tbk (ISX:PALM), the current ROC (Joel Greenblatt) % is 6,698.75% 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 Provident Investasi Bersama Tbk (ISX:PALM) Overvalued in 2026?
Based on GuruFocus' analysis, PT Provident Investasi Bersama Tbk stock appears to be undervalued.
The current stock price of Rp308.00 is trading 92.8% below its estimated GF Value™ of Rp4,283.79.
GuruFocus considers PT Provident Investasi Bersama Tbk to be Possible Value Trap.
Key valuation signals for ISX:PALM:
ROC (Joel Greenblatt) %: 6,698.75% (66554% above median its 10-year median of 10.05)
GF Value™: Rp4,283.79 vs. price of Rp308.00 (92.8% below fair value)
Industry Position: 10422.7% above the Asset Management median (#29 of 628)
No single metric tells the full story. See the ISX:PALM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Provident Investasi Bersama Tbk Business Description
AddressJalan H.R. Rasuna Said, Kawasan Rasuna Epicentrum, Gedung The Convergence Building 21st Floor, Gran Rubina Business Park, Karet Kuningan, Setiabudi, Jakarta, IDN, 12940
PT Provident Investasi Bersama Tbk is an investment company. The company has four operating segments Natural resources engaged in the mining of gold, silver, copper, nickel, and other associated minerals, as well as related industrial; Logistic ; Telecommunication company providing telecommunications services and/or telecommunications networks and/or multimedia.; and Other equity securities. The company generates majority of revenue from Natural resources.
51GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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