PT Jakarta Setiabudi Internasional Tbk (ISX:JSPT) ROC %: 16.95% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:JSPT PT Jakarta Setiabudi Internasional Tbk ISX:JSPT
67 GF Score
Price Rp1,405.00
GF Value Rp2,649.03
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is PT Jakarta Setiabudi Internasional Tbk ROC %?

PT Jakarta Setiabudi Internasional Tbk ISX:JSPT -2.09% 67 ROC % is 16.95% as of Mar. 2026. GuruFocus rates ISX:JSPT with a GF Score™ of 67/100 and a GF Value™ of Rp2,649.03 (Significantly Undervalued). The stock has 2 warning signs investors should review.

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 Jakarta Setiabudi Internasional Tbk's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 16.95%.

As of today (2026-07-23), PT Jakarta Setiabudi Internasional Tbk's WACC % is 6.29%. PT Jakarta Setiabudi Internasional Tbk's ROC % is 11.22% (calculated using TTM income statement data). PT Jakarta Setiabudi Internasional 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 Jakarta Setiabudi Internasional Tbk  (ISX:JSPT) 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 Jakarta Setiabudi Internasional Tbk's WACC % is 6.29%. PT Jakarta Setiabudi Internasional Tbk's ROC % is 11.22% (calculated using TTM income statement data). PT Jakarta Setiabudi Internasional 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.


PT Jakarta Setiabudi Internasional Tbk ROC % Related Terms


PT Jakarta Setiabudi Internasional Tbk ROC % Historical Data

* Premium members only.

The historical data trend for PT Jakarta Setiabudi Internasional Tbk's ROC % 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 Jakarta Setiabudi Internasional Tbk ROC % Chart

PT Jakarta Setiabudi Internasional Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.29 3.17 7.72 10.08 8.49

PT Jakarta Setiabudi Internasional Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC % 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 7.50 9.59 11.24 6.95 16.95
ISX:JSPT
67GF Score
PT Jakarta Setiabudi Internasional Tbk ISX:JSPT
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Jakarta Setiabudi Internasional Tbk ROC % Calculation

PT Jakarta Setiabudi Internasional Tbk's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=609895.76 * ( 1 - 28.12% )/( (5093378.202 + 5234538.675)/ 2 )
=438393.072288/5163958.4385
=8.49 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6457844.771 - 270127.691 - ( 1685267.161 - max(0, 1045454.225 - 2139793.103+1685267.161))
=5093378.202

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6481957.185 - 326837.372 - ( 1745417.747 - max(0, 1191352.267 - 2111933.405+1745417.747))
=5234538.675

PT Jakarta Setiabudi Internasional Tbk's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1007034.104 * ( 1 - 11.54% )/( (5234538.675 + 5276091.773)/ 2 )
=890822.3683984/5255315.224
=16.95 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6481957.185 - 326837.372 - ( 1745417.747 - max(0, 1191352.267 - 2111933.405+1745417.747))
=5234538.675

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6585961.826 - 369921.85 - ( 1856113.796 - max(0, 1281132.659 - 2221080.862+1856113.796))
=5276091.773

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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 16.95% mean?
PT Jakarta Setiabudi Internasional Tbk (ISX:JSPT) has a ROC % of 16.95% 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 Jakarta Setiabudi Internasional Tbk and its competitors.
Is PT Jakarta Setiabudi Internasional Tbk's ROC % too high?
PT Jakarta Setiabudi Internasional Tbk's current ROC % is 16.95%. The Real Estate industry median ROC % is 2.17. PT Jakarta Setiabudi Internasional Tbk's value of 16.95% is 682.9% above this industry median. Overall, PT Jakarta Setiabudi Internasional Tbk has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jakarta Setiabudi Internasional Tbk's ROC % compare to CBRE and BEKE?
PT Jakarta Setiabudi Internasional Tbk's ROC % of 16.95% can be compared against companies in the Real Estate industry. The industry median ROC % is 2.17. PT Jakarta Setiabudi Internasional Tbk's value of 16.95% is 682.9% 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 2.17, based on 1,754 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 Jakarta Setiabudi Internasional Tbk's current ROC % of 16.95% is 682.9% 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 Jakarta Setiabudi Internasional Tbk and its competitors. For the Real Estate industry, the median ROC % is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jakarta Setiabudi Internasional Tbk's current ROC % is 16.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jakarta Setiabudi Internasional Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jakarta Setiabudi Internasional Tbk (ISX:JSPT) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp2,649.03, compared to a current price of Rp1,405.00 — trading 47% below its estimated fair value. The current ROC % is 16.95% and 682.9% above the Real Estate industry median of 2.17. PT Jakarta Setiabudi Internasional Tbk's overall GF Score™ is 67/100 with 2 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 Jakarta Setiabudi Internasional Tbk (ISX:JSPT), the current ROC % is 16.95% 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 Jakarta Setiabudi Internasional Tbk (ISX:JSPT) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jakarta Setiabudi Internasional Tbk stock appears to be undervalued. The current stock price of Rp1,405.00 is trading 47% below its estimated GF Value™ of Rp2,649.03. GuruFocus considers PT Jakarta Setiabudi Internasional Tbk to be Significantly Undervalued.

Key valuation signals for ISX:JSPT:

  • ROC %: 16.95%
  • GF Value™: Rp2,649.03 vs. price of Rp1,405.00 (47% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 682.9% above the Real Estate median

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


PT Jakarta Setiabudi Internasional Tbk Business Description

Address Jalan HR Rasuna Said Kav. 62, Setiabudi 2 Building, 3A Floor, Jakarta, IDN, 12920
PT Jakarta Setiabudi Internasional Tbk is a real estate company. The company's business activities mainly cover the ownership, management, rental, and sales of office buildings, hotels, townhouses, real estate, shopping centers, and apartments, both directly as well as in collaboration with other parties. The company operates in segments namely; Hotel consisting of hotel guestrooms and restaurant Services; Real estate consisting of sale of land and/or building and apartment units under strata-title; Rental of office space; Rental of Retail Center; and Others. The company derives maximum revenue from Hotel segment.
67GF Score

Get the complete analysis for ISX:JSPT

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

Rp1,405.00
Price
Rp2,649.03
GF Value