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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 Aracord Nusantara Group Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -105.73%.
The historical rank and industry rank for PT Aracord Nusantara Group Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:RONY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.15 Med: 24.91 Max: 188.91
Current: 36.36
During the past 5 years, PT Aracord Nusantara Group Tbk's highest ROC (Joel Greenblatt) % was 188.91%. The lowest was 7.15%. And the median was 24.91%.
ISX:RONY's ROC (Joel Greenblatt) % is ranked better than 69.08% of 1782
companies
in the Construction industry
Industry Median: 19.6
vs ISX:RONY: 36.36
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 Aracord Nusantara Group Tbk ROC (Joel Greenblatt) % Chart
ISX:RONY vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, PT Aracord Nusantara Group 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 Aracord Nusantara Group Tbk ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, PT Aracord Nusantara Group Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Aracord Nusantara Group Tbk's ROC (Joel Greenblatt) % falls into.
PT Aracord Nusantara Group 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 -105.73% mean?
PT Aracord Nusantara Group Tbk (ISX:RONY) has a ROC (Joel Greenblatt) % of -105.73% 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 Aracord Nusantara Group Tbk and its competitors. Over the past decade, PT Aracord Nusantara Group Tbk's ROC (Joel Greenblatt) % has ranged from 7.15 to 188.91. According to the industry distribution chart, PT Aracord Nusantara Group Tbk ranks #551 out of 1782 companies in the Construction industry, placing it in the top 30.9%.
Is PT Aracord Nusantara Group Tbk's ROC (Joel Greenblatt) % too high?
PT Aracord Nusantara Group Tbk's current ROC (Joel Greenblatt) % is -105.73%. Over the past 10 years, this metric has ranged from a low of 7.15 to a high of 188.91. Based on the distribution chart, PT Aracord Nusantara Group Tbk ranks #551 out of 1782 companies in the Construction industry, which is above the industry midpoint. Overall, PT Aracord Nusantara Group Tbk has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Aracord Nusantara Group Tbk's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, PT Aracord Nusantara Group Tbk ranks #551 out of 1782 companies for ROC (Joel Greenblatt) %. This puts PT Aracord Nusantara Group Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.60. Historically, PT Aracord Nusantara Group Tbk's own ROC (Joel Greenblatt) % has ranged from 7.15 to 188.91 over the past decade. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.60, based on 1,782 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 Aracord Nusantara Group Tbk and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Aracord Nusantara Group Tbk's current ROC (Joel Greenblatt) % is -105.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Aracord Nusantara Group Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Aracord Nusantara Group Tbk (ISX:RONY) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp4,173.89, compared to a current price of Rp1,465.00 — trading 64.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is -105.73%. PT Aracord Nusantara Group Tbk's overall GF Score™ is 44/100. 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 Aracord Nusantara Group Tbk (ISX:RONY), the current ROC (Joel Greenblatt) % is -105.73% 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 Aracord Nusantara Group Tbk (ISX:RONY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Aracord Nusantara Group Tbk stock appears to be undervalued.
The current stock price of Rp1,465.00 is trading 64.9% below its estimated GF Value™ of Rp4,173.89.
GuruFocus considers PT Aracord Nusantara Group Tbk to be Significantly Undervalued.
Key valuation signals for ISX:RONY:
ROC (Joel Greenblatt) %: -105.73%
GF Value™: Rp4,173.89 vs. price of Rp1,465.00 (64.9% below fair value)
No single metric tells the full story. See the ISX:RONY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Aracord Nusantara Group Tbk Business Description
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