PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) ROE %: 18.01% (As of Mar. 2026) — 20% Below Median


ISX:MAHA PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA
68 GF Score
Price Rp132.00
GF Value Rp229.48
Valuation Significantly Undervalued
! 3 Warning Signs
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What is PT Mandiri Herindo Adiperkasa Tbk ROE %?

PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA +0.76% 68 ROE % is 18.01% as of Mar. 2026, which is 20% below its 10-year median of 22.63. GuruFocus rates ISX:MAHA with a GF Score™ of 68/100 and a GF Value™ of Rp229.48 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 983 Transportation companies, PT Mandiri Herindo Adiperkasa Tbk ranks better than 81.99% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PT Mandiri Herindo Adiperkasa Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp347,926 Mil. PT Mandiri Herindo Adiperkasa Tbk's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was Rp1,932,003 Mil. Therefore, PT Mandiri Herindo Adiperkasa Tbk's annualized ROE % for the quarter that ended in Mar. 2026 was 18.01%.

The historical rank and industry rank for PT Mandiri Herindo Adiperkasa Tbk's ROE % or its related term are showing as below:

ISX:MAHA' s ROE % Range Over the Past 10 Years
Min: 12.93   Med: 22.63   Max: 53.59
Current: 17.49

During the past 6 years, PT Mandiri Herindo Adiperkasa Tbk's highest ROE % was 53.59%. The lowest was 12.93%. And the median was 22.63%.

ISX:MAHA's ROE % is ranked better than
81.99% of 983 companies
in the Transportation industry
Industry Median: 7.6 vs ISX:MAHA: 17.49

PT Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) 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
=347925.58/1932003.1945
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(347925.58 / 2897943.472)*(2897943.472 / 3005438.555)*(3005438.555 / 1932003.1945)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.01 %*0.9642*1.5556
=ROA %*Equity Multiplier
=11.58 %*1.5556
=18.01 %

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
=347925.58/1932003.1945
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (347925.58 / 421846.76) * (421846.76 / 366916.976) * (366916.976 / 2897943.472) * (2897943.472 / 3005438.555) * (3005438.555 / 1932003.1945)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8248 * 1.1497 * 12.66 % * 0.9642 * 1.5556
=18.01 %

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 Mandiri Herindo Adiperkasa Tbk ROE % Related Terms


PT Mandiri Herindo Adiperkasa Tbk ROE % Historical Data

* Premium members only.

The historical data trend for PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk ROE % Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 50.35 53.59 18.30 16.24 12.93

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 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 2.37 0.42 15.93 35.91 18.01

ISX:MAHA vs ODFL, XPO, KNX: ROE % Comparison

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, PT Mandiri Herindo Adiperkasa Tbk's ROE % distribution charts can be found below:

* The bar in red indicates where PT Mandiri Herindo Adiperkasa Tbk's ROE % falls into.


ISX:MAHA
68GF Score
PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mandiri Herindo Adiperkasa Tbk ROE % Calculation

PT Mandiri Herindo Adiperkasa 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 )
=242527.087/( (1862798.039+1888432.662)/ 2 )
=242527.087/1875615.3505
=12.93 %

PT Mandiri Herindo Adiperkasa 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 )
=347925.58/( (1888432.662+1975573.727)/ 2 )
=347925.58/1932003.1945
=18.01 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 18.01% mean?
PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) has a ROE % of 18.01% 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 Mandiri Herindo Adiperkasa Tbk and its competitors. This is 20% below median its historical median of 22.63. Over the past decade, PT Mandiri Herindo Adiperkasa Tbk's ROE % has ranged from 12.93 to 53.59. According to the industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #177 out of 983 companies in the Transportation industry, placing it in the top 18%.
Is PT Mandiri Herindo Adiperkasa Tbk's ROE % too high?
PT Mandiri Herindo Adiperkasa Tbk's current ROE % of 18.01% is 20% below median its 10-year median of 22.63. Over the past 10 years, this metric has ranged from a low of 12.93 to a high of 53.59. The Transportation industry median ROE % is 7.60. PT Mandiri Herindo Adiperkasa Tbk's value of 18.01% is 137% above this industry median. Based on the distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #177 out of 983 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, PT Mandiri Herindo Adiperkasa Tbk has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mandiri Herindo Adiperkasa Tbk's ROE % compare to ODFL and XPO?
According to the Transportation industry distribution chart, PT Mandiri Herindo Adiperkasa Tbk ranks #177 out of 983 companies for ROE %. This places PT Mandiri Herindo Adiperkasa Tbk in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 7.60. PT Mandiri Herindo Adiperkasa Tbk's value of 18.01% is 137% above this benchmark. Historically, PT Mandiri Herindo Adiperkasa Tbk's own ROE % has ranged from 12.93 to 53.59 over the past decade. While the company's 10-year median is 22.63 vs. the industry median of 7.60, PT Mandiri Herindo Adiperkasa 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 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. PT Mandiri Herindo Adiperkasa Tbk's current ROE % of 18.01% is 137% 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 Mandiri Herindo Adiperkasa 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 Mandiri Herindo Adiperkasa Tbk's current ROE % is 18.01%, which is 20% below median its own 10-year median of 22.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mandiri Herindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp229.48, compared to a current price of Rp132.00 — trading 42.5% below its estimated fair value. The current ROE % is 18.01%, which is 20% below median its 10-year median of 22.63 and 137% above the Transportation industry median of 7.60. PT Mandiri Herindo Adiperkasa Tbk's overall GF Score™ is 68/100 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA), the current ROE % is 18.01% 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 Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mandiri Herindo Adiperkasa Tbk stock appears to be undervalued. The current stock price of Rp132.00 is trading 42.5% below its estimated GF Value™ of Rp229.48. GuruFocus considers PT Mandiri Herindo Adiperkasa Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MAHA:

  • ROE %: 18.01% (20% below median its 10-year median of 22.63)
  • GF Value™: Rp229.48 vs. price of Rp132.00 (42.5% below fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 137% above the Transportation median (#177 of 983)

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


PT Mandiri Herindo Adiperkasa Tbk Business Description

Address Jl. Jend. Sudirman Kav. 52 - 53, Senopati Raya No. 8B, Gedung Office 8, Floor 31, Unit A, SCBD Lot 28, Kebayoran Baru, Jakarta, IDN, 12190
PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers, and dump trucks, with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments, which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates the majority of its revenue from the East Kalimantan segment.
68GF Score

Get the complete analysis for ISX:MAHA

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

Rp132.00
Price
Rp229.48
GF Value