PT Mulia Boga Raya Tbk (ISX:KEJU) ROE %: 22.77% (As of Jun. 2026) — 16% Above Median

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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 ROE %?

PT Mulia Boga Raya Tbk ISX:KEJU -5.04% 86 ROE % is 22.77% as of Jun. 2026, which is 16% above its 10-year median of 19.65. 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. Among 1,923 Consumer Packaged Goods companies, PT Mulia Boga Raya Tbk ranks better than 88.72% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PT Mulia Boga Raya Tbk's annualized net income for the quarter that ended in Jun. 2026 was Rp199,375 Mil. PT Mulia Boga Raya Tbk's average Total Stockholders Equity over the quarter that ended in Jun. 2026 was Rp875,444 Mil. Therefore, PT Mulia Boga Raya Tbk's annualized ROE % for the quarter that ended in Jun. 2026 was 22.77%.

The historical rank and industry rank for PT Mulia Boga Raya Tbk's ROE % or its related term are showing as below:

ISX:KEJU' s ROE % Range Over the Past 10 Years
Min: 9.1   Med: 19.65   Max: 28.19
Current: 23.21

During the past 10 years, PT Mulia Boga Raya Tbk's highest ROE % was 28.19%. The lowest was 9.10%. And the median was 19.65%.

ISX:KEJU's ROE % is ranked better than
88.72% of 1923 companies
in the Consumer Packaged Goods industry
Industry Median: 6.99 vs ISX:KEJU: 23.21

PT Mulia Boga Raya Tbk  (ISX:KEJU) 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: Jun. 2026 )
=Net Income/Total Stockholders Equity
=199375.084/875443.8735
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(199375.084 / 1938239.088)*(1938239.088 / 1332369.9185)*(1332369.9185 / 875443.8735)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.29 %*1.4547*1.5219
=ROA %*Equity Multiplier
=14.97 %*1.5219
=22.77 %

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: Jun. 2026 )
=Net Income/Total Stockholders Equity
=199375.084/875443.8735
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (199375.084 / 254082.308) * (254082.308 / 240549.688) * (240549.688 / 1938239.088) * (1938239.088 / 1332369.9185) * (1332369.9185 / 875443.8735)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7847 * 1.0563 * 12.41 % * 1.4547 * 1.5219
=22.77 %

Note: The net income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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 Mulia Boga Raya Tbk ROE % Related Terms


PT Mulia Boga Raya Tbk ROE % Historical Data

* Premium members only.

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

PT Mulia Boga Raya 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 28.19 18.21 11.69 20.82 22.64

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
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 18.48 28.70 15.22 25.55 22.77

ISX:KEJU vs KHC, GIS: ROE % Comparison

For the Packaged Foods subindustry, PT Mulia Boga Raya 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 Mulia Boga Raya Tbk ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Mulia Boga Raya Tbk's ROE % distribution charts can be found below:

* The bar in red indicates where PT Mulia Boga Raya Tbk's ROE % falls into.


ISX:KEJU
86GF Score
PT Mulia Boga Raya Tbk ISX:KEJU
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mulia Boga Raya Tbk ROE % Calculation

PT Mulia Boga Raya 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 )
=179446.799/( (739867.729+845087.435)/ 2 )
=179446.799/792477.582
=22.64 %

PT Mulia Boga Raya Tbk's annualized ROE % for the quarter that ended in Jun. 2026 is calculated as

ROE %=Net Income (Q: Jun. 2026 )/( (Total Stockholders Equity (Q: Mar. 2026 )+Total Stockholders Equity (Q: Jun. 2026 ))/ count )
=199375.084/( (897713.266+853174.481)/ 2 )
=199375.084/875443.8735
=22.77 %

* 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 (Jun. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 22.77% mean?
PT Mulia Boga Raya Tbk (ISX:KEJU) has a ROE % of 22.77% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PT Mulia Boga Raya Tbk and its competitors. This is 16% above median its historical median of 19.65. Over the past decade, PT Mulia Boga Raya Tbk's ROE % has ranged from 9.10 to 28.19. According to the industry distribution chart, PT Mulia Boga Raya Tbk ranks #217 out of 1923 companies in the Consumer Packaged Goods industry, placing it in the top 11.3%.
Is PT Mulia Boga Raya Tbk's ROE % too high?
PT Mulia Boga Raya Tbk's current ROE % of 22.77% is 16% above median its 10-year median of 19.65. Over the past 10 years, this metric has ranged from a low of 9.10 to a high of 28.19. The Consumer Packaged Goods industry median ROE % is 6.99. PT Mulia Boga Raya Tbk's value of 22.77% is 225.8% above this industry median. Based on the distribution chart, PT Mulia Boga Raya Tbk ranks #217 out of 1923 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Mulia Boga Raya Tbk ranks #217 out of 1923 companies for ROE %. This places PT Mulia Boga Raya Tbk in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 6.99. PT Mulia Boga Raya Tbk's value of 22.77% is 225.8% above this benchmark. Historically, PT Mulia Boga Raya Tbk's own ROE % has ranged from 9.10 to 28.19 over the past decade. While the company's 10-year median is 19.65 vs. the industry median of 6.99, PT Mulia Boga Raya Tbk has consistently been above the industry average. 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 Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.99, based on 1,923 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. PT Mulia Boga Raya Tbk's current ROE % of 22.77% is 225.8% 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 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 Mulia Boga Raya Tbk and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mulia Boga Raya Tbk's current ROE % is 22.77%, which is 16% above median its own 10-year median of 19.65. 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 ROE % is 22.77%, which is 16% above median its 10-year median of 19.65 and 225.8% above the Consumer Packaged Goods industry median of 6.99. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For PT Mulia Boga Raya Tbk (ISX:KEJU), the current ROE % is 22.77% 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:

  • ROE %: 22.77% (16% above median its 10-year median of 19.65)
  • GF Value™: Rp654.61 vs. price of Rp565.00 (13.7% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 225.8% above the Consumer Packaged Goods median (#217 of 1923)

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

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

Rp565.00
Price
Rp654.61
GF Value