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PTrana Menara Nusantara TbkISX:TOWR 90 ROC (Joel Greenblatt) % is 11.91% as of Mar. 2026, which is 26% below its 10-year median of 16.06. GuruFocus rates ISX:TOWR with a GF Score™ of 90/100 and a GF Value™ of Rp696.23 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,749 Real Estate companies, PTrana Menara Nusantara Tbk ranks worse than 50.77% 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. PTrana Menara Nusantara Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.91%.
The historical rank and industry rank for PTrana Menara Nusantara Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:TOWR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.33 Med: 16.06 Max: 24.44
Current: 12.33
During the past 13 years, PTrana Menara Nusantara Tbk's highest ROC (Joel Greenblatt) % was 24.44%. The lowest was 12.33%. And the median was 16.06%.
ISX:TOWR's ROC (Joel Greenblatt) % is ranked worse than 50.77% of 1749
companies
in the Real Estate industry
Industry Median: 13
vs ISX:TOWR: 12.33
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:TOWR vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, PTrana Menara Nusantara 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.
PTrana Menara Nusantara Tbk ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PTrana Menara Nusantara Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PTrana Menara Nusantara 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 11.91% mean?
PTrana Menara Nusantara Tbk (ISX:TOWR) has a ROC (Joel Greenblatt) % of 11.91% 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 PTrana Menara Nusantara Tbk and its competitors. This is 26% below median its historical median of 16.06. Over the past decade, PTrana Menara Nusantara Tbk's ROC (Joel Greenblatt) % has ranged from 12.33 to 24.44. According to the industry distribution chart, PTrana Menara Nusantara Tbk ranks #888 out of 1749 companies in the Real Estate industry, placing it in the top 50.8%.
Is PTrana Menara Nusantara Tbk's ROC (Joel Greenblatt) % too high?
PTrana Menara Nusantara Tbk's current ROC (Joel Greenblatt) % of 11.91% is 26% below median its 10-year median of 16.06. Over the past 10 years, this metric has ranged from a low of 12.33 to a high of 24.44. The Real Estate industry median ROC (Joel Greenblatt) % is 13.00. PTrana Menara Nusantara Tbk's value of 11.91% is 8.4% below this industry median. Based on the distribution chart, PTrana Menara Nusantara Tbk ranks #888 out of 1749 companies in the Real Estate industry, which is below the industry midpoint. Overall, PTrana Menara Nusantara Tbk has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PTrana Menara Nusantara Tbk's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PTrana Menara Nusantara Tbk ranks #888 out of 1749 companies for ROC (Joel Greenblatt) %. This places PTrana Menara Nusantara Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.00. PTrana Menara Nusantara Tbk's value of 11.91% is 8.4% below this benchmark. Historically, PTrana Menara Nusantara Tbk's own ROC (Joel Greenblatt) % has ranged from 12.33 to 24.44 over the past decade. While the company's 10-year median is 16.06 vs. the industry median of 13.00, PTrana Menara Nusantara 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 13.00, based on 1,749 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. PTrana Menara Nusantara Tbk's current ROC (Joel Greenblatt) % of 11.91% is 8.4% 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 PTrana Menara Nusantara Tbk and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTrana Menara Nusantara Tbk's current ROC (Joel Greenblatt) % is 11.91%, which is 26% below median its own 10-year median of 16.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTrana Menara Nusantara Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTrana Menara Nusantara Tbk (ISX:TOWR) is currently considered Possible Value Trap. The stock's GF Value™ is Rp696.23, compared to a current price of Rp404.00 — trading 42% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.91%, which is 26% below median its 10-year median of 16.06 and 8.4% below the Real Estate industry median of 13.00. PTrana Menara Nusantara Tbk's overall GF Score™ is 90/100 with 5 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 PTrana Menara Nusantara Tbk (ISX:TOWR), the current ROC (Joel Greenblatt) % is 11.91% 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 PTrana Menara Nusantara Tbk (ISX:TOWR) Overvalued in 2026?
Based on GuruFocus' analysis, PTrana Menara Nusantara Tbk stock appears to be undervalued.
The current stock price of Rp404.00 is trading 42% below its estimated GF Value™ of Rp696.23.
GuruFocus considers PTrana Menara Nusantara Tbk to be Possible Value Trap.
Key valuation signals for ISX:TOWR:
ROC (Joel Greenblatt) %: 11.91% (26% below median its 10-year median of 16.06)
GF Value™: Rp696.23 vs. price of Rp404.00 (42% below fair value)
Industry Position: 8.4% below the Real Estate median (#888 of 1749)
No single metric tells the full story. See the ISX:TOWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Sarana Menara Nusantara Tbk is an investment company. The company's main business focus is to invest in companies engaged in operating telecommunication tower locations for lease to wireless communication companies. The business segments of the company include Tower lease and Non-Tower (VSAT service, and Wireline). The majority of the company's revenue is generated from the Tower Lease segment.
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