PT Meratus Jasa Prima Tbk (ISX:KARW) ROE %: Negative Equity% (As of Mar. 2026)


ISX:KARW PT Meratus Jasa Prima Tbk ISX:KARW
65 GF Score
Price Rp212.00
GF Value Rp396.00
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Meratus Jasa Prima Tbk ROE %?

PT Meratus Jasa Prima Tbk ISX:KARW 65 ROE % is Negative Equity% as of Mar. 2026. GuruFocus rates ISX:KARW with a GF Score™ of 65/100 and a GF Value™ of Rp396.00 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 983 Transportation companies, PT Meratus Jasa Prima Tbk ranks worse than 101729.3% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PT Meratus Jasa Prima Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp1,219 Mil. PT Meratus Jasa Prima Tbk's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was Rp-543,329 Mil. Therefore, PT Meratus Jasa Prima Tbk's annualized ROE % for the quarter that ended in Mar. 2026 was Negative Equity%.

The historical rank and industry rank for PT Meratus Jasa Prima Tbk's ROE % or its related term are showing as below:

ISX:KARW's ROE % is not ranked *
in the Transportation industry.
Industry Median: 7.6
* Ranked among companies with meaningful ROE % only.

PT Meratus Jasa Prima Tbk  (ISX:KARW) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1218.912/-543329.0545
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1218.912 / 89454.704)*(89454.704 / 225691.1)*(225691.1 / -543329.0545)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.36 %*0.3964*N/A
=ROA %*Equity Multiplier
=0.54 %*N/A
=Negative Equity %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1218.912/-543329.0545
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1218.912 / 1218.912) * (1218.912 / 5011.088) * (5011.088 / 89454.704) * (89454.704 / 225691.1) * (225691.1 / -543329.0545)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.2432 * 5.6 % * 0.3964 * N/A
=Negative Equity %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


PT Meratus Jasa Prima Tbk ROE % Related Terms


PT Meratus Jasa Prima Tbk ROE % Historical Data

* Premium members only.

The historical data trend for PT Meratus Jasa Prima Tbk's ROE % 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 Meratus Jasa Prima Tbk ROE % Chart

PT Meratus Jasa Prima Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 Negative Equity Negative Equity Negative Equity 0.00

PT Meratus Jasa Prima Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 Negative Equity 0.00 0.00 Negative Equity Negative Equity

PT Meratus Jasa Prima Tbk ROE % Competitor Comparison

For the Marine Shipping subindustry, PT Meratus Jasa Prima Tbk's ROE %, along with its competitors' market caps and ROE % 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 Meratus Jasa Prima Tbk ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, PT Meratus Jasa Prima Tbk's ROE % distribution charts can be found below:

* The bar in red indicates where PT Meratus Jasa Prima Tbk's ROE % falls into.


ISX:KARW
65GF Score
PT Meratus Jasa Prima Tbk ISX:KARW
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Meratus Jasa Prima Tbk ROE % Calculation

PT Meratus Jasa Prima Tbk's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-1336.57/( (-516818.366+-539890.769)/ 2 )
=-1336.57/-528354.5675
=N/A %

PT Meratus Jasa Prima Tbk's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=1218.912/( (-539890.769+-546767.34)/ 2 )
=1218.912/-543329.0545
=Negative Equity %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of Negative Equity% mean?
PT Meratus Jasa Prima Tbk (ISX:KARW) has a ROE % of Negative Equity% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PT Meratus Jasa Prima Tbk and its competitors. According to the industry distribution chart, PT Meratus Jasa Prima Tbk ranks #999999 out of 983 companies in the Transportation industry.
Is PT Meratus Jasa Prima Tbk's ROE % too high?
PT Meratus Jasa Prima Tbk's current ROE % is Negative Equity%. Based on the distribution chart, PT Meratus Jasa Prima Tbk ranks #999999 out of 983 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Meratus Jasa Prima Tbk has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Meratus Jasa Prima Tbk's ROE % compare to competitors?
According to the Transportation industry distribution chart, PT Meratus Jasa Prima Tbk ranks #999999 out of 983 companies for ROE %. This places PT Meratus Jasa Prima Tbk in the lower half of its industry. The industry median ROE % is 7.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.60, based on 983 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PT Meratus Jasa Prima Tbk and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Meratus Jasa Prima Tbk's current ROE % is Negative Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Meratus Jasa Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk (ISX:KARW) is currently considered Possible Value Trap. The stock's GF Value™ is Rp396.00, compared to a current price of Rp212.00 — trading 46.5% below its estimated fair value. The current ROE % is Negative Equity%. PT Meratus Jasa Prima Tbk's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For PT Meratus Jasa Prima Tbk (ISX:KARW), the current ROE % is Negative Equity% 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 Meratus Jasa Prima Tbk (ISX:KARW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk stock appears to be undervalued. The current stock price of Rp212.00 is trading 46.5% below its estimated GF Value™ of Rp396.00. GuruFocus considers PT Meratus Jasa Prima Tbk to be Possible Value Trap.

Key valuation signals for ISX:KARW:

  • ROE %: Negative Equity%
  • GF Value™: Rp396.00 vs. price of Rp212.00 (46.5% below fair value)
  • GF Score™: 65/100 with 3 warning signs

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


PT Meratus Jasa Prima Tbk Business Description

Address Jalan Enggano Kel. Tanjung Priok, Kec. Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14310
PT Meratus Jasa Prima Tbk is engaged in transportation consulting activities. The company also engages in supporting business activities in the scope of construction of non-fishery port buildings, dredging, cold storage activities, sea port service activities, wholesale trade in sea transportation equipment, parts and supplies. Its products and services include the management and operation of stevedoring equipment at Terminals 300, 301, 302, and 303 of Tanjung Priok Port to support container handling activities. These services also cover cargodoring, lift on/lift off, and trucking, in accordance with the applicable systems and procedures at port. It operates in single segment of stevedoring services in Port of Tanjung Priok, Jakarta.
65GF Score

Get the complete analysis for ISX:KARW

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

Rp212.00
Price
Rp396.00
GF Value