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PT Suparma TbkISX:SPMA -1.18%77 ROC (Joel Greenblatt) % is 2.53% as of Mar. 2026, which is 77% below its 10-year median of 10.94. GuruFocus rates ISX:SPMA with a GF Score™ of 77/100 and a GF Value™ of Rp183.70 (Fairly Valued). The stock has 6 warning signs investors should review. Among 285 Forest Products companies, PT Suparma Tbk ranks better than 56.84% 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 Suparma Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.53%.
The historical rank and industry rank for PT Suparma Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:SPMA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.8 Med: 10.94 Max: 20.83
Current: 5.8
During the past 10 years, PT Suparma Tbk's highest ROC (Joel Greenblatt) % was 20.83%. The lowest was 5.80%. And the median was 10.94%.
ISX:SPMA's ROC (Joel Greenblatt) % is ranked better than 56.84% of 285
companies
in the Forest Products industry
Industry Median: 4.78
vs ISX:SPMA: 5.80
PT Suparma Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -19.40% 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 Suparma Tbk ROC (Joel Greenblatt) % Related Terms
PT Suparma Tbk ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PT Suparma 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:SPMA vs SLVM: ROC (Joel Greenblatt) % Comparison
For the Paper & Paper Products subindustry, PT Suparma 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 Suparma Tbk ROC (Joel Greenblatt) % vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Suparma Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Suparma 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 2.53% mean?
PT Suparma Tbk (ISX:SPMA) has a ROC (Joel Greenblatt) % of 2.53% 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 Suparma Tbk and its competitors. This is 77% below median its historical median of 10.94. Over the past decade, PT Suparma Tbk's ROC (Joel Greenblatt) % has ranged from 5.80 to 20.83. According to the industry distribution chart, PT Suparma Tbk ranks #123 out of 285 companies in the Forest Products industry, placing it in the top 43.2%.
Is PT Suparma Tbk's ROC (Joel Greenblatt) % too high?
PT Suparma Tbk's current ROC (Joel Greenblatt) % of 2.53% is 77% below median its 10-year median of 10.94. Over the past 10 years, this metric has ranged from a low of 5.80 to a high of 20.83. The Forest Products industry median ROC (Joel Greenblatt) % is 4.78. PT Suparma Tbk's value of 2.53% is 47.1% below this industry median. Based on the distribution chart, PT Suparma Tbk ranks #123 out of 285 companies in the Forest Products industry, which is above the industry midpoint. Overall, PT Suparma Tbk has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Suparma Tbk's ROC (Joel Greenblatt) % compare to SLVM?
According to the Forest Products industry distribution chart, PT Suparma Tbk ranks #123 out of 285 companies for ROC (Joel Greenblatt) %. This puts PT Suparma Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 4.78. PT Suparma Tbk's value of 2.53% is 47.1% below this benchmark. Historically, PT Suparma Tbk's own ROC (Joel Greenblatt) % has ranged from 5.80 to 20.83 over the past decade. While the company's 10-year median is 10.94 vs. the industry median of 4.78, PT Suparma 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 Forest Products company?
The median ROC (Joel Greenblatt) % among Forest Products companies is 4.78, based on 285 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 Suparma Tbk's current ROC (Joel Greenblatt) % of 2.53% is 47.1% 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 Suparma Tbk and its competitors. For the Forest Products industry, the median ROC (Joel Greenblatt) % is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Suparma Tbk's current ROC (Joel Greenblatt) % is 2.53%, which is 77% below median its own 10-year median of 10.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Suparma Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Suparma Tbk (ISX:SPMA) is currently considered Fairly Valued. The stock's GF Value™ is Rp183.70, compared to a current price of Rp168.00 — trading 8.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.53%, which is 77% below median its 10-year median of 10.94 and 47.1% below the Forest Products industry median of 4.78. PT Suparma Tbk's overall GF Score™ is 77/100 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 Suparma Tbk (ISX:SPMA), the current ROC (Joel Greenblatt) % is 2.53% 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 Suparma Tbk (ISX:SPMA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Suparma Tbk stock appears to be undervalued.
The current stock price of Rp168.00 is trading 8.5% below its estimated GF Value™ of Rp183.70.
GuruFocus considers PT Suparma Tbk to be Fairly Valued.
Key valuation signals for ISX:SPMA:
ROC (Joel Greenblatt) %: 2.53% (77% below median its 10-year median of 10.94)
GF Value™: Rp183.70 vs. price of Rp168.00 (8.5% below fair value)
Industry Position: 47.1% below the Forest Products median (#123 of 285)
No single metric tells the full story. See the ISX:SPMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Suparma Tbk is an Indonesia-based company that manufactures paper and paper products. The group manufactured paper and paper wrapping products for the industrial and consumer sectors. The firm offers Laminated Wrapping Kraft, Samson Kraft, MG Paper, Coated Duplex Board, Bathroom Tissue, Carrier Tissue, Industrial Roll Towel, Kitchen Towel, and Other products. Geographically, the firm generates the majority of its revenue from the local market.
77GF Score
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