PUTKF (PT United Tractors Tbk) ROC (Joel Greenblatt) %: 8.82% (As of Mar. 2026) — 78% Below Median


PUTKF PT United Tractors Tbk PUTKF
81 GF Score
Price $1.60
GF Value $1.58
Valuation Modestly Overvalued
! 5 Warning Signs
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What is PT United Tractors Tbk ROC (Joel Greenblatt) %?

PT United Tractors Tbk PUTKF -4.65% 81 ROC (Joel Greenblatt) % is 8.82% as of Mar. 2026, which is 78% below its 10-year median of 39.68. GuruFocus rates PUTKF with a GF Score™ of 81/100 and a GF Value™ of $1.58 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,496 Metals & Mining companies, PT United Tractors Tbk ranks better than 89.22% 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 United Tractors Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.82%.

The historical rank and industry rank for PT United Tractors Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:

PUTKF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.44   Med: 39.68   Max: 75.86
Current: 26.11

During the past 13 years, PT United Tractors Tbk's highest ROC (Joel Greenblatt) % was 75.86%. The lowest was 15.44%. And the median was 39.68%.

PUTKF's ROC (Joel Greenblatt) % is ranked better than
89.22% of 2496 companies
in the Metals & Mining industry
Industry Median: -22.58 vs PUTKF: 26.11

PT United Tractors Tbk's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 12.60% per year.


PT United Tractors Tbk  (OTCPK:PUTKF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


PT United Tractors Tbk ROC (Joel Greenblatt) % Related Terms


PT United Tractors Tbk ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for PT United Tractors 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.

PT United Tractors Tbk ROC (Joel Greenblatt) % Chart

PT United Tractors Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.92 72.70 59.10 43.52 31.74

PT United Tractors Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.31 40.89 27.46 29.44 8.82

PT United Tractors Tbk ROC (Joel Greenblatt) % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PT United Tractors 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 United Tractors Tbk ROC (Joel Greenblatt) % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT United Tractors Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PT United Tractors Tbk's ROC (Joel Greenblatt) % falls into.


PUTKF
81GF Score
PT United Tractors Tbk PUTKF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT United Tractors 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1192.165 + 1003.075 + 533.012) - (1918.771 + 0 + 571.696)
=237.785

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1177.247 + 907.68 + 590.085) - (1644.582 + 0 + 548.165)
=482.265

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of PT United Tractors Tbk for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=388.328/( ( (3834.547 + max(237.785, 0)) + (4255.154 + max(482.265, 0)) )/ 2 )
=388.328/( ( 4072.332 + 4737.419 )/ 2 )
=388.328/4404.8755
=8.82 %

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 8.82% mean?
PT United Tractors Tbk (PUTKF) has a ROC (Joel Greenblatt) % of 8.82% 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 United Tractors Tbk and its competitors. This is 78% below median its historical median of 39.68. Over the past decade, PT United Tractors Tbk's ROC (Joel Greenblatt) % has ranged from 15.44 to 75.86. According to the industry distribution chart, PT United Tractors Tbk ranks #269 out of 2496 companies in the Metals & Mining industry, placing it in the top 10.8%.
Is PT United Tractors Tbk's ROC (Joel Greenblatt) % too high?
PT United Tractors Tbk's current ROC (Joel Greenblatt) % of 8.82% is 78% below median its 10-year median of 39.68. Over the past 10 years, this metric has ranged from a low of 15.44 to a high of 75.86. Based on the distribution chart, PT United Tractors Tbk ranks #269 out of 2496 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT United Tractors Tbk has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT United Tractors Tbk's ROC (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, PT United Tractors Tbk ranks #269 out of 2496 companies for ROC (Joel Greenblatt) %. This places PT United Tractors Tbk in the top 11% of its industry — outperforming the majority of peers. Historically, PT United Tractors Tbk's own ROC (Joel Greenblatt) % has ranged from 15.44 to 75.86 over the past decade. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 United Tractors Tbk and its competitors. PT United Tractors Tbk's current ROC (Joel Greenblatt) % is 8.82%, which is 78% below median its own 10-year median of 39.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT United Tractors Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT United Tractors Tbk (PUTKF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.58, compared to a current price of $1.60 — trading 1.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.82%, which is 78% below median its 10-year median of 39.68. PT United Tractors Tbk's overall GF Score™ is 81/100 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 PT United Tractors Tbk (PUTKF), the current ROC (Joel Greenblatt) % is 8.82% 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 United Tractors Tbk (PUTKF) Overvalued in 2026?

Based on GuruFocus' analysis, PT United Tractors Tbk stock appears to be overvalued. The current stock price of $1.60 is trading 1.3% above its estimated GF Value™ of $1.58. GuruFocus considers PT United Tractors Tbk to be Modestly Overvalued.

Key valuation signals for PUTKF:

  • ROC (Joel Greenblatt) %: 8.82% (78% below median its 10-year median of 39.68)
  • GF Value™: $1.58 vs. price of $1.60 (1.3% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the PUTKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT United Tractors Tbk Business Description

Address Jalan Raya Bekasi Km. 22, Cakung, Jakarta Timur, Jakarta, IDN, 13910
PT United Tractors Tbk is the sole distributor of Komatsu heavy equipment in Indonesia. The Company provides a range of complementary products such as Tadano cranes, Bomag vibratory rollers, Scania buses and trucks, and UD Trucks. Through its subsidiaries, the Company provides engineering and manufacturing services for heavy equipment components, engine reconditioning, and the sale and leasing of tractors, generators, mini excavators, forklifts, and commodity parts. The Group operates through segments including Construction Machinery (sales, rental, and after-sales services), Mining Contracting (which generates maximum revenue), Thermal and Metallurgical Coal, Gold, and Other Mineral Mining, as well as other segments focused on construction services, energy, and related activities.
81GF Score

Get the complete analysis for PUTKF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.60
Price
$1.58
GF Value