GGNPF (PT Gudang Garam Tbk) ROCE %: 12.30% (As of Mar. 2026)


GGNPF PT Gudang Garam Tbk GGNPF
51 GF Score
Price $0.96
GF Value $0.85
Valuation Modestly Overvalued
! 9 Warning Signs
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What is PT Gudang Garam Tbk ROCE %?

PT Gudang Garam Tbk GGNPF +8.66% 51 ROCE % is 12.30% as of Mar. 2026. GuruFocus rates GGNPF with a GF Score™ of 51/100 and a GF Value™ of $0.85 (Modestly Overvalued). The stock has 9 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. PT Gudang Garam Tbk's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.30%.

PT Gudang Garam Tbk  (OTCPK:GGNPF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

PT Gudang Garam Tbk ROCE % Related Terms

PT Gudang Garam Tbk ROCE % Historical Data

* Premium members only.

The historical data trend for PT Gudang Garam Tbk's ROCE % 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 Gudang Garam Tbk ROCE % Chart

PT Gudang Garam Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.93 6.18 12.20 2.95 4.31

PT Gudang Garam Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 1.94 1.25 8.61 5.81 12.30
GGNPF
51GF Score
PT Gudang Garam Tbk GGNPF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Gudang Garam Tbk ROCE % Calculation

PT Gudang Garam Tbk's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=169.494/( ( (5296.847 - 1298.606) + (4504.164 - 641.939) )/ 2 )
=169.494/( (3998.241+3862.225)/ 2 )
=169.494/3930.233
=4.31 %

PT Gudang Garam Tbk's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=477.712/( ( (4504.164 - 641.939) + (4542.709 - 634.8) )/ 2 )
=477.712/( ( 3862.225 + 3907.909 )/ 2 )
=477.712/3885.067
=12.30 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 12.30% mean?
PT Gudang Garam Tbk (GGNPF) has a ROCE % of 12.30% as of Mar. 2026.
Is PT Gudang Garam Tbk's ROCE % too high?
PT Gudang Garam Tbk's current ROCE % is 12.30%. The Tobacco Products industry median ROCE % is 17.46. PT Gudang Garam Tbk's value of 12.30% is 29.6% below this industry median. Overall, PT Gudang Garam Tbk has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's ROCE % compare to PM and MO?
PT Gudang Garam Tbk's ROCE % of 12.30% can be compared against companies in the Tobacco Products industry. The industry median ROCE % is 17.46. PT Gudang Garam Tbk's value of 12.30% is 29.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Tobacco Products company?
The median ROCE % among Tobacco Products companies is 17.46, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Gudang Garam Tbk's current ROCE % of 12.30% is 29.6% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Tobacco Products industry, the median ROCE % is 17.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gudang Garam Tbk's current ROCE % is 12.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (GGNPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.85, compared to a current price of $0.96 — trading 13.1% above its estimated fair value. The current ROCE % is 12.30% and 29.6% below the Tobacco Products industry median of 17.46. PT Gudang Garam Tbk's overall GF Score™ is 51/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For PT Gudang Garam Tbk (GGNPF), the current ROCE % is 12.30% 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 Gudang Garam Tbk (GGNPF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued. The current stock price of $0.96 is trading 13.1% above its estimated GF Value™ of $0.85. GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.

Key valuation signals for GGNPF:

  • ROCE %: 12.30%
  • GF Value™: $0.85 vs. price of $0.96 (13.1% above fair value)
  • GF Score™: 51/100 with 9 warning signs
  • Industry Position: 29.6% below the Tobacco Products median

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

PT Gudang Garam Tbk Business Description

Address Jalan Semampir II/1, East Java, Kediri, IDN, 64121
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
51GF Score

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

$0.96
Price
$0.85
GF Value