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PT Panin Sekuritas TbkISX:PANS 78 ROC (Joel Greenblatt) % is 18.50% as of Mar. 2026, which is 68% below its 10-year median of 58.52. GuruFocus rates ISX:PANS with a GF Score™ of 78/100 and a GF Value™ of Rp1,870.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 679 Capital Markets companies, PT Panin Sekuritas Tbk ranks better than 57.88% 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 Panin Sekuritas Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.50%.
The historical rank and industry rank for PT Panin Sekuritas Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:PANS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 39.75 Med: 58.52 Max: 433.92
Current: 63.29
During the past 13 years, PT Panin Sekuritas Tbk's highest ROC (Joel Greenblatt) % was 433.92%. The lowest was 39.75%. And the median was 58.52%.
ISX:PANS's ROC (Joel Greenblatt) % is ranked better than 57.88% of 679
companies
in the Capital Markets industry
Industry Median: 34.76
vs ISX:PANS: 63.29
PT Panin Sekuritas Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.50% 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.
PT Panin Sekuritas Tbk ROC (Joel Greenblatt) % Related Terms
PT Panin Sekuritas Tbk ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PT Panin Sekuritas 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.
ISX:PANS vs MS, GS, SCHW: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, PT Panin Sekuritas 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 Panin Sekuritas Tbk ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PT Panin Sekuritas Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Panin Sekuritas 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 18.50% mean?
PT Panin Sekuritas Tbk (ISX:PANS) has a ROC (Joel Greenblatt) % of 18.50% 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 Panin Sekuritas Tbk and its competitors. This is 68% below median its historical median of 58.52. Over the past decade, PT Panin Sekuritas Tbk's ROC (Joel Greenblatt) % has ranged from 39.75 to 433.92. According to the industry distribution chart, PT Panin Sekuritas Tbk ranks #286 out of 679 companies in the Capital Markets industry, placing it in the top 42.1%.
Is PT Panin Sekuritas Tbk's ROC (Joel Greenblatt) % too high?
PT Panin Sekuritas Tbk's current ROC (Joel Greenblatt) % of 18.50% is 68% below median its 10-year median of 58.52. Over the past 10 years, this metric has ranged from a low of 39.75 to a high of 433.92. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.76. PT Panin Sekuritas Tbk's value of 18.50% is 46.8% below this industry median. Based on the distribution chart, PT Panin Sekuritas Tbk ranks #286 out of 679 companies in the Capital Markets industry, which is above the industry midpoint. Overall, PT Panin Sekuritas Tbk has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Panin Sekuritas Tbk's ROC (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, PT Panin Sekuritas Tbk ranks #286 out of 679 companies for ROC (Joel Greenblatt) %. This puts PT Panin Sekuritas Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 34.76. PT Panin Sekuritas Tbk's value of 18.50% is 46.8% below this benchmark. Historically, PT Panin Sekuritas Tbk's own ROC (Joel Greenblatt) % has ranged from 39.75 to 433.92 over the past decade. While the company's 10-year median is 58.52 vs. the industry median of 34.76, PT Panin Sekuritas 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 a Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.76, based on 679 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 Panin Sekuritas Tbk's current ROC (Joel Greenblatt) % of 18.50% is 46.8% 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 Panin Sekuritas Tbk and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Panin Sekuritas Tbk's current ROC (Joel Greenblatt) % is 18.50%, which is 68% below median its own 10-year median of 58.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Panin Sekuritas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Panin Sekuritas Tbk (ISX:PANS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,870.31, compared to a current price of Rp1,580.00 — trading 15.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 18.50%, which is 68% below median its 10-year median of 58.52 and 46.8% below the Capital Markets industry median of 34.76. PT Panin Sekuritas Tbk's overall GF Score™ is 78/100 with 2 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 Panin Sekuritas Tbk (ISX:PANS), the current ROC (Joel Greenblatt) % is 18.50% 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 Panin Sekuritas Tbk (ISX:PANS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Panin Sekuritas Tbk stock appears to be undervalued.
The current stock price of Rp1,580.00 is trading 15.5% below its estimated GF Value™ of Rp1,870.31.
GuruFocus considers PT Panin Sekuritas Tbk to be Modestly Undervalued.
Key valuation signals for ISX:PANS:
ROC (Joel Greenblatt) %: 18.50% (68% below median its 10-year median of 58.52)
GF Value™: Rp1,870.31 vs. price of Rp1,580.00 (15.5% below fair value)
Industry Position: 46.8% below the Capital Markets median (#286 of 679)
No single metric tells the full story. See the ISX:PANS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Panin Sekuritas Tbk is engaged in the capital markets business sector. The company is engaged in providing services like broker dealing, corporate finance, asset management, research, online trading, Sharia online trading, education, and others. The operating segments of the company include Brokerage and underwriting and Investment manager and Other business activities. The company generates maximum revenue from the Brokerage and underwriting segment. The product line of the company consists of Panin News, trading ideas, recommendations, company reports, industrial reports, and others.
78GF Score
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