PT Mulia Boga Raya Tbk (ISX:KEJU) ROC %: 20.94% (As of Jun. 2026)

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ISX:KEJU PT Mulia Boga Raya Tbk ISX:KEJU
86 GF Score
Price Rp565.00
GF Value Rp654.61
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Mulia Boga Raya Tbk ROC %?

PT Mulia Boga Raya Tbk ISX:KEJU -5.04% 86 ROC % is 20.94% as of Jun. 2026. GuruFocus rates ISX:KEJU with a GF Score™ of 86/100 and a GF Value™ of Rp654.61 (Modestly Undervalued). The stock has 4 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 Mulia Boga Raya Tbk's annualized return on capital (ROC %) for the quarter that ended in Jun. 2026 was 20.94%.

As of today (2026-08-12), PT Mulia Boga Raya Tbk's WACC % is 6.24%. PT Mulia Boga Raya Tbk's ROC % is 24.24% (calculated using TTM income statement data). PT Mulia Boga Raya 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 Mulia Boga Raya Tbk  (ISX:KEJU) 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 Mulia Boga Raya Tbk's WACC % is 6.24%. PT Mulia Boga Raya Tbk's ROC % is 24.24% (calculated using TTM income statement data). PT Mulia Boga Raya 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 Mulia Boga Raya Tbk ROC % Related Terms


PT Mulia Boga Raya Tbk ROC % Historical Data

* Premium members only.

The historical data trend for PT Mulia Boga Raya 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 Mulia Boga Raya Tbk ROC % Chart

PT Mulia Boga Raya 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 32.47 19.05 12.53 24.19 25.24

PT Mulia Boga Raya Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 24.14 34.64 16.57 27.78 20.94
ISX:KEJU
86GF Score
PT Mulia Boga Raya Tbk ISX:KEJU
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mulia Boga Raya Tbk ROC % Calculation

PT Mulia Boga Raya 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 )
=210511.422 * ( 1 - 20.79% )/( (574714.356 + 746309.63)/ 2 )
=166746.0973662/660511.993
=25.24 %

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))
=974057.857 - 111283.302 - ( 288060.199 - max(0, 231156.953 - 675847.014+288060.199))
=574714.356

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))
=1251481.881 - 246397.022 - ( 258775.229 - max(0, 404740.714 - 756232.841+258775.229))
=746309.63

PT Mulia Boga Raya Tbk's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=240549.688 * ( 1 - 21.53% )/( (808430.003 + 994070.774)/ 2 )
=188759.3401736/901250.3885
=20.94 %

where

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))
=1326657.204 - 227647.148 - ( 290580.053 - max(0, 427248.324 - 788342.089+290580.053))
=808430.003

Invested Capital(Q: Jun. 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))
=1338082.633 - 177338.78 - ( 166673.079 - max(0, 402371.35 - 713052.264+166673.079))
=994070.774

Note: The Operating Income data used here is four times the quarterly (Jun. 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 20.94% mean?
PT Mulia Boga Raya Tbk (ISX:KEJU) has a ROC % of 20.94% as of Jun. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on PT Mulia Boga Raya Tbk and its competitors.
Is PT Mulia Boga Raya Tbk's ROC % too high?
PT Mulia Boga Raya Tbk's current ROC % is 20.94%. The Consumer Packaged Goods industry median ROC % is 5.34. PT Mulia Boga Raya Tbk's value of 20.94% is 292.1% above this industry median. Overall, PT Mulia Boga Raya Tbk has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mulia Boga Raya Tbk's ROC % compare to KHC and GIS?
PT Mulia Boga Raya Tbk's ROC % of 20.94% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROC % is 5.34. PT Mulia Boga Raya Tbk's value of 20.94% is 292.1% 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 Consumer Packaged Goods company?
The median ROC % among Consumer Packaged Goods companies is 5.34, based on 1,943 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 Mulia Boga Raya Tbk's current ROC % of 20.94% is 292.1% 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 Mulia Boga Raya Tbk and its competitors. For the Consumer Packaged Goods industry, the median ROC % is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mulia Boga Raya Tbk's current ROC % is 20.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mulia Boga Raya Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mulia Boga Raya Tbk (ISX:KEJU) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp654.61, compared to a current price of Rp565.00 — trading 13.7% below its estimated fair value. The current ROC % is 20.94% and 292.1% above the Consumer Packaged Goods industry median of 5.34. PT Mulia Boga Raya Tbk's overall GF Score™ is 86/100 with 4 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 Mulia Boga Raya Tbk (ISX:KEJU), the current ROC % is 20.94% as of Jun. 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 Mulia Boga Raya Tbk (ISX:KEJU) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mulia Boga Raya Tbk stock appears to be undervalued. The current stock price of Rp565.00 is trading 13.7% below its estimated GF Value™ of Rp654.61. GuruFocus considers PT Mulia Boga Raya Tbk to be Modestly Undervalued.

Key valuation signals for ISX:KEJU:

  • ROC %: 20.94%
  • GF Value™: Rp654.61 vs. price of Rp565.00 (13.7% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 292.1% above the Consumer Packaged Goods median

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


PT Mulia Boga Raya Tbk Business Description

Address Jl. Inti Raya II, Blok C.7 No. 5-A, Cibatu Cikarang Selatan, Bekasi, IDN, 11610
PT Mulia Boga Raya Tbk is a manufacturer and marketer of various types of cheese products. Its products portfolio includes Prochiz Premium Cheddar, Prochiz Cheddar Slice, Prochiz Gold Cheddar, Prochiz Gold Cheddar, Prochiz Spready, Prochiz Quick Melt, Prochiz Mayo, Prochiz Cheese Snack etc. Its product-based segment comprises of block cheese, sliced cheese and others out of which block cheese derive majority revenue.
86GF Score

Get the complete analysis for ISX:KEJU

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

Rp565.00
Price
Rp654.61
GF Value