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PT Golden Eagle Energy TbkISX:SMMT +5.45%71 ROC (Joel Greenblatt) % is 19.26% as of Mar. 2026, which is 3% below its 10-year median of 19.83. GuruFocus rates ISX:SMMT with a GF Score™ of 71/100 and a GF Value™ of Rp1,393.90 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 182 Other Energy Sources companies, PT Golden Eagle Energy Tbk ranks better than 78.02% 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 Golden Eagle Energy Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.26%.
The historical rank and industry rank for PT Golden Eagle Energy Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:SMMT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.72 Med: 19.83 Max: 147.02
Current: 22.6
During the past 13 years, PT Golden Eagle Energy Tbk's highest ROC (Joel Greenblatt) % was 147.02%. The lowest was -5.72%. And the median was 19.83%.
ISX:SMMT's ROC (Joel Greenblatt) % is ranked better than 78.02% of 182
companies
in the Other Energy Sources industry
Industry Median: 2.13
vs ISX:SMMT: 22.60
PT Golden Eagle Energy Tbk (ISX:SMMT) 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.
* 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 Golden Eagle Energy Tbk ROC (Joel Greenblatt) % Chart
PT Golden Eagle Energy Tbk ROC (Joel Greenblatt) % Competitor Comparison
For the Thermal Coal subindustry, PT Golden Eagle Energy 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 Golden Eagle Energy Tbk ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Golden Eagle Energy Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Golden Eagle Energy Tbk's ROC (Joel Greenblatt) % falls into.
PT Golden Eagle Energy 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 19.26% mean?
PT Golden Eagle Energy Tbk (ISX:SMMT) has a ROC (Joel Greenblatt) % of 19.26% 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 Golden Eagle Energy Tbk and its competitors. This is near median its historical median of 19.83. According to the industry distribution chart, PT Golden Eagle Energy Tbk ranks #40 out of 182 companies in the Other Energy Sources industry, placing it in the top 22%.
Is PT Golden Eagle Energy Tbk's ROC (Joel Greenblatt) % too high?
PT Golden Eagle Energy Tbk's current ROC (Joel Greenblatt) % of 19.26% is near median its 10-year median of 19.83. The Other Energy Sources industry median ROC (Joel Greenblatt) % is 2.13. PT Golden Eagle Energy Tbk's value of 19.26% is 804.2% above this industry median. Based on the distribution chart, PT Golden Eagle Energy Tbk ranks #40 out of 182 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, PT Golden Eagle Energy Tbk has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Golden Eagle Energy Tbk's ROC (Joel Greenblatt) % compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Golden Eagle Energy Tbk ranks #40 out of 182 companies for ROC (Joel Greenblatt) %. This places PT Golden Eagle Energy Tbk in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 2.13. PT Golden Eagle Energy Tbk's value of 19.26% is 804.2% above this benchmark. While the company's 10-year median is 19.83 vs. the industry median of 2.13, PT Golden Eagle Energy 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 Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.13, based on 182 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 Golden Eagle Energy Tbk's current ROC (Joel Greenblatt) % of 19.26% is 804.2% 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 Golden Eagle Energy Tbk and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Golden Eagle Energy Tbk's current ROC (Joel Greenblatt) % is 19.26%, which is near median its own 10-year median of 19.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Golden Eagle Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Golden Eagle Energy Tbk (ISX:SMMT) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,393.90, compared to a current price of Rp1,935.00 — trading 38.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.26%, which is near median its 10-year median of 19.83 and 804.2% above the Other Energy Sources industry median of 2.13. PT Golden Eagle Energy Tbk's overall GF Score™ is 71/100 with 3 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 Golden Eagle Energy Tbk (ISX:SMMT), the current ROC (Joel Greenblatt) % is 19.26% 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 Golden Eagle Energy Tbk (ISX:SMMT) Overvalued in 2026?
Based on GuruFocus' analysis, PT Golden Eagle Energy Tbk stock appears to be overvalued.
The current stock price of Rp1,935.00 is trading 38.8% above its estimated GF Value™ of Rp1,393.90.
GuruFocus considers PT Golden Eagle Energy Tbk to be Significantly Overvalued.
Key valuation signals for ISX:SMMT:
ROC (Joel Greenblatt) %: 19.26% (near median its 10-year median of 19.83)
GF Value™: Rp1,393.90 vs. price of Rp1,935.00 (38.8% above fair value)
Industry Position: 804.2% above the Other Energy Sources median (#40 of 182)
No single metric tells the full story. See the ISX:SMMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Golden Eagle Energy Tbk, along with its subsidiaries, is engaged in operating coal mines with coal reserves in Sumatra and Kalimantan. The Group's business activities include coal mining and related activities, including general surveying, exploration, exploitation, processing, refining, and trading. Its coal reserves mainly consist of subbituminous coal characterized by relatively low sulfur and ash content, which is mainly used to meet the needs of power plants and the cement industry. Geographically, the Group operates only in Indonesia.
71GF Score
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