ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. PT Ciputra Development Tbk's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 8.21%.
As of today (2026-06-26), PT Ciputra Development Tbk's WACC % is 8.06%. PT Ciputra Development Tbk's ROC % is 9.15% (calculated using TTM income statement data).
PT Ciputra Development Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
PT Ciputra Development Tbk (ISX:CTRA) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, PT Ciputra Development Tbk's WACC % is 8.06%. PT Ciputra Development Tbk's ROC % is 9.15% (calculated using TTM income statement data).
PT Ciputra Development Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
* 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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 Ciputra Development Tbk (ISX:CTRA) has a ROC % of 8.21% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on PT Ciputra Development Tbk and its competitors.
Is PT Ciputra Development Tbk's ROC % too high?
PT Ciputra Development Tbk's current ROC % is 8.21%. The Real Estate industry median ROC % is 2.19. PT Ciputra Development Tbk's value of 8.21% is 274.9% above this industry median. Overall, PT Ciputra Development Tbk has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Ciputra Development Tbk's ROC % compare to competitors?
PT Ciputra Development Tbk's ROC % of 8.21% can be compared against companies in the Real Estate industry. The industry median ROC % is 2.19. PT Ciputra Development Tbk's value of 8.21% is 274.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Real Estate company?
The median ROC % among Real Estate companies is 2.19, based on 1,757 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Ciputra Development Tbk's current ROC % of 8.21% is 274.9% 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 % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on PT Ciputra Development Tbk and its competitors. For the Real Estate industry, the median ROC % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ciputra Development Tbk's current ROC % is 8.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ciputra Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ciputra Development Tbk (ISX:CTRA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,404.52, compared to a current price of Rp565.00 — trading 59.8% below its estimated fair value. The current ROC % is 8.21% and 274.9% above the Real Estate industry median of 2.19. PT Ciputra Development Tbk's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For PT Ciputra Development Tbk (ISX:CTRA), the current ROC % is 8.21% 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 Ciputra Development Tbk (ISX:CTRA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Ciputra Development Tbk stock appears to be undervalued.
The current stock price of Rp565.00 is trading 59.8% below its estimated GF Value™ of Rp1,404.52.
GuruFocus considers PT Ciputra Development Tbk to be Possible Value Trap.
Key valuation signals for ISX:CTRA:
ROC %: 8.21%
GF Value™: Rp1,404.52 vs. price of Rp565.00 (59.8% below fair value)
Industry Position: 274.9% above the Real Estate median
No single metric tells the full story. See the ISX:CTRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Ciputra Development Tbk is a property company in Indonesia. It targets the mid-high-income segment and has developed numerous projects across cities in Indonesia. The firm operates in two segments. Residential segment that derives the majority of revenue comprises the development of housing and other properties for sale, including land provision, integrated township development with supporting infrastructure and public facilities, and management of landed residential areas, as well as the sale of strata-title apartments and office spaces (high-rise developments). Commercial Property segment includes the development and management of shopping centers and commercial estates, hotels, leased apartments and office spaces, healthcare services, golf courses, and other recreational facilities.
62GF Score
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