PT Calculus Global Ventures TbkISX:STAR -1.46%59 ROC (Joel Greenblatt) % is 1,023.64% as of Mar. 2026, which is 670% above its 10-year median of 132.97. GuruFocus rates ISX:STAR with a GF Score™ of 59/100 and a GF Value™ of Rp111.59 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 628 Asset Management companies, PT Calculus Global Ventures Tbk ranks better than 59.71% 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 Calculus Global Ventures Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,023.64%.
The historical rank and industry rank for PT Calculus Global Ventures Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:STAR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.84 Med: 132.97 Max: 1267.96
Current: 160.08
During the past 13 years, PT Calculus Global Ventures Tbk's highest ROC (Joel Greenblatt) % was 1267.96%. The lowest was 4.84%. And the median was 132.97%.
ISX:STAR's ROC (Joel Greenblatt) % is ranked better than 59.71% of 628
companies
in the Asset Management industry
Industry Median: 63.66
vs ISX:STAR: 160.08
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 Calculus Global Ventures Tbk ROC (Joel Greenblatt) % Chart
ISX:STAR vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, PT Calculus Global Ventures 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 Calculus Global Ventures Tbk ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PT Calculus Global Ventures Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Calculus Global Ventures Tbk's ROC (Joel Greenblatt) % falls into.
PT Calculus Global Ventures 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 1,023.64% mean?
PT Calculus Global Ventures Tbk (ISX:STAR) has a ROC (Joel Greenblatt) % of 1,023.64% 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 Calculus Global Ventures Tbk and its competitors. This is 670% above median its historical median of 132.97. Over the past decade, PT Calculus Global Ventures Tbk's ROC (Joel Greenblatt) % has ranged from 4.84 to 1,267.96. According to the industry distribution chart, PT Calculus Global Ventures Tbk ranks #253 out of 628 companies in the Asset Management industry, placing it in the top 40.3%.
Is PT Calculus Global Ventures Tbk's ROC (Joel Greenblatt) % too high?
PT Calculus Global Ventures Tbk's current ROC (Joel Greenblatt) % of 1,023.64% is 670% above median its 10-year median of 132.97. Over the past 10 years, this metric has ranged from a low of 4.84 to a high of 1,267.96. The Asset Management industry median ROC (Joel Greenblatt) % is 63.66. PT Calculus Global Ventures Tbk's value of 1,023.64% is 1508% above this industry median. Based on the distribution chart, PT Calculus Global Ventures Tbk ranks #253 out of 628 companies in the Asset Management industry, which is above the industry midpoint. Overall, PT Calculus Global Ventures Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Calculus Global Ventures Tbk's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Calculus Global Ventures Tbk ranks #253 out of 628 companies for ROC (Joel Greenblatt) %. This puts PT Calculus Global Ventures Tbk in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 63.66. PT Calculus Global Ventures Tbk's value of 1,023.64% is 1508% above this benchmark. Historically, PT Calculus Global Ventures Tbk's own ROC (Joel Greenblatt) % has ranged from 4.84 to 1,267.96 over the past decade. While the company's 10-year median is 132.97 vs. the industry median of 63.66, PT Calculus Global Ventures 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.66, based on 628 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 Calculus Global Ventures Tbk's current ROC (Joel Greenblatt) % of 1,023.64% is 1508% 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 Calculus Global Ventures Tbk and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Calculus Global Ventures Tbk's current ROC (Joel Greenblatt) % is 1,023.64%, which is 670% above median its own 10-year median of 132.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Calculus Global Ventures Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk (ISX:STAR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp111.59, compared to a current price of Rp270.00 — trading 142% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,023.64%, which is 670% above median its 10-year median of 132.97 and 1508% above the Asset Management industry median of 63.66. PT Calculus Global Ventures Tbk's overall GF Score™ is 59/100 with 1 warning sign 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 Calculus Global Ventures Tbk (ISX:STAR), the current ROC (Joel Greenblatt) % is 1,023.64% 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 Calculus Global Ventures Tbk (ISX:STAR) Overvalued in 2026?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk stock appears to be overvalued.
The current stock price of Rp270.00 is trading 142% above its estimated GF Value™ of Rp111.59.
GuruFocus considers PT Calculus Global Ventures Tbk to be Significantly Overvalued.
Key valuation signals for ISX:STAR:
ROC (Joel Greenblatt) %: 1,023.64% (670% above median its 10-year median of 132.97)
GF Value™: Rp111.59 vs. price of Rp270.00 (142% above fair value)
Industry Position: 1508% above the Asset Management median (#253 of 628)
No single metric tells the full story. See the ISX:STAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Calculus Global Ventures Tbk Business Description
PT Calculus Global Ventures Tbk, formerly known as PT Buana Artha Anugerah Tbk, operates in the business area of investment management, particularly in asset management. The company is engaged in the management consulting business. The products of the company consist of mutual funds includes including foster equity fund, foster fixed income, and foster money market and management of securities portfolio. The company segments consist of investment management services and others.
59GF Score
Get the complete analysis for ISX:STAR
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:STAR has been successfully added to your 
