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PT Semen Baturaja (Persero) TbkISX:SMBR 72 ROC (Joel Greenblatt) % is 3.29% as of Mar. 2026, which is 47% below its 10-year median of 6.21. GuruFocus rates ISX:SMBR with a GF Score™ of 72/100 and a GF Value™ of Rp273.84 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 408 Building Materials companies, PT Semen Baturaja (Persero) Tbk ranks worse than 58.58% 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 Semen Baturaja (Persero) Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.29%.
The historical rank and industry rank for PT Semen Baturaja (Persero) Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:SMBR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.93 Med: 6.21 Max: 15.59
Current: 5.85
During the past 13 years, PT Semen Baturaja (Persero) Tbk's highest ROC (Joel Greenblatt) % was 15.59%. The lowest was 4.93%. And the median was 6.21%.
ISX:SMBR's ROC (Joel Greenblatt) % is ranked worse than 58.58% of 408
companies
in the Building Materials industry
Industry Median: 8.6
vs ISX:SMBR: 5.85
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:SMBR vs CRH, VMC, MLM: ROC (Joel Greenblatt) % Comparison
For the Building Materials subindustry, PT Semen Baturaja (Persero) 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 Semen Baturaja (Persero) Tbk ROC (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, PT Semen Baturaja (Persero) Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Semen Baturaja (Persero) 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 3.29% mean?
PT Semen Baturaja (Persero) Tbk (ISX:SMBR) has a ROC (Joel Greenblatt) % of 3.29% 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 Semen Baturaja (Persero) Tbk and its competitors. This is 47% below median its historical median of 6.21. Over the past decade, PT Semen Baturaja (Persero) Tbk's ROC (Joel Greenblatt) % has ranged from 4.93 to 15.59. According to the industry distribution chart, PT Semen Baturaja (Persero) Tbk ranks #239 out of 408 companies in the Building Materials industry, placing it in the top 58.6%.
Is PT Semen Baturaja (Persero) Tbk's ROC (Joel Greenblatt) % too high?
PT Semen Baturaja (Persero) Tbk's current ROC (Joel Greenblatt) % of 3.29% is 47% below median its 10-year median of 6.21. Over the past 10 years, this metric has ranged from a low of 4.93 to a high of 15.59. The Building Materials industry median ROC (Joel Greenblatt) % is 8.60. PT Semen Baturaja (Persero) Tbk's value of 3.29% is 61.7% below this industry median. Based on the distribution chart, PT Semen Baturaja (Persero) Tbk ranks #239 out of 408 companies in the Building Materials industry, which is below the industry midpoint. Overall, PT Semen Baturaja (Persero) Tbk has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Semen Baturaja (Persero) Tbk's ROC (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, PT Semen Baturaja (Persero) Tbk ranks #239 out of 408 companies for ROC (Joel Greenblatt) %. This places PT Semen Baturaja (Persero) Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 8.60. PT Semen Baturaja (Persero) Tbk's value of 3.29% is 61.7% below this benchmark. Historically, PT Semen Baturaja (Persero) Tbk's own ROC (Joel Greenblatt) % has ranged from 4.93 to 15.59 over the past decade. While the company's 10-year median is 6.21 vs. the industry median of 8.60, PT Semen Baturaja (Persero) 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 Building Materials company?
The median ROC (Joel Greenblatt) % among Building Materials companies is 8.60, based on 408 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 Semen Baturaja (Persero) Tbk's current ROC (Joel Greenblatt) % of 3.29% is 61.7% 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 Semen Baturaja (Persero) Tbk and its competitors. For the Building Materials industry, the median ROC (Joel Greenblatt) % is 8.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Semen Baturaja (Persero) Tbk's current ROC (Joel Greenblatt) % is 3.29%, which is 47% below median its own 10-year median of 6.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Semen Baturaja (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Semen Baturaja (Persero) Tbk (ISX:SMBR) is currently considered Possible Value Trap. The stock's GF Value™ is Rp273.84, compared to a current price of Rp157.00 — trading 42.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3.29%, which is 47% below median its 10-year median of 6.21 and 61.7% below the Building Materials industry median of 8.60. PT Semen Baturaja (Persero) Tbk's overall GF Score™ is 72/100 with 4 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 Semen Baturaja (Persero) Tbk (ISX:SMBR), the current ROC (Joel Greenblatt) % is 3.29% 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 Semen Baturaja (Persero) Tbk (ISX:SMBR) Overvalued in 2026?
Based on GuruFocus' analysis, PT Semen Baturaja (Persero) Tbk stock appears to be undervalued.
The current stock price of Rp157.00 is trading 42.7% below its estimated GF Value™ of Rp273.84.
GuruFocus considers PT Semen Baturaja (Persero) Tbk to be Possible Value Trap.
Key valuation signals for ISX:SMBR:
ROC (Joel Greenblatt) %: 3.29% (47% below median its 10-year median of 6.21)
GF Value™: Rp273.84 vs. price of Rp157.00 (42.7% below fair value)
Industry Position: 61.7% below the Building Materials median (#239 of 408)
No single metric tells the full story. See the ISX:SMBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Semen Baturaja (Persero) Tbk Business Description
PT Semen Baturaja (Persero) Tbk is an Indonesian-based company engaged in cement manufacturing. Its product portfolio includes Ordinary Portland Cement (OPC) Type II, Ordinary Portland Cement (OPC) Type V, and Ordinary Portland Cement (OPC) Type I. The company's geographical segment includes South Sumatra, Lampung, Jambi, and Jakarta. It generates maximum revenue from the South Sumatra region. The company generates the majority of its revenue from the sale of cement products.
72GF Score
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