PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) ROE %: 18.41% (As of Dec. 2025) — 61% Above Median


ISX:MKAP PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
13 GF Score
Price Rp1,200.00
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What is PT Multikarya Asia Pasifik Raya Tbk ROE %?

PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP -0.83% 13 ROE % is 18.41% as of Dec. 2025, which is 61% above its 10-year median of 11.42. GuruFocus rates ISX:MKAP with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 959 Oil & Gas companies, PT Multikarya Asia Pasifik Raya Tbk ranks better than 81.75% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PT Multikarya Asia Pasifik Raya Tbk's annualized net income for the quarter that ended in Dec. 2025 was Rp55,344 Mil. PT Multikarya Asia Pasifik Raya Tbk's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was Rp300,564 Mil. Therefore, PT Multikarya Asia Pasifik Raya Tbk's annualized ROE % for the quarter that ended in Dec. 2025 was 18.41%.

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

ISX:MKAP' s ROE % Range Over the Past 10 Years
Min: -1.22   Med: 11.42   Max: 19.85
Current: 18.41

During the past 5 years, PT Multikarya Asia Pasifik Raya Tbk's highest ROE % was 19.85%. The lowest was -1.22%. And the median was 11.42%.

ISX:MKAP's ROE % is ranked better than
81.75% of 959 companies
in the Oil & Gas industry
Industry Median: 5.88 vs ISX:MKAP: 18.41

PT Multikarya Asia Pasifik Raya Tbk  (ISX:MKAP) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=55344.177/300563.8435
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(55344.177 / 405636.315)*(405636.315 / 527638.9545)*(527638.9545 / 300563.8435)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.64 %*0.7688*1.7555
=ROA %*Equity Multiplier
=10.49 %*1.7555
=18.41 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=55344.177/300563.8435
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (55344.177 / 69138.925) * (69138.925 / 70601.025) * (70601.025 / 405636.315) * (405636.315 / 527638.9545) * (527638.9545 / 300563.8435)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8005 * 0.9793 * 17.41 % * 0.7688 * 1.7555
=18.41 %

Note: The net income data used here is one times the annual (Dec. 2025) net income data. The Revenue data used here is one times the annual (Dec. 2025) 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 Multikarya Asia Pasifik Raya Tbk ROE % Related Terms


PT Multikarya Asia Pasifik Raya Tbk ROE % Historical Data

* Premium members only.

The historical data trend for PT Multikarya Asia Pasifik 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 Multikarya Asia Pasifik Raya Tbk ROE % Chart

PT Multikarya Asia Pasifik Raya Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec24 Dec25
ROE %
0.87 11.42 -1.22 19.85 18.41

PT Multikarya Asia Pasifik Raya Tbk Semi-Annual Data
Dec20 Dec21 Dec22 Dec24 Dec25
ROE % 0.87 11.42 -1.22 19.85 18.41

ISX:MKAP vs SLB, BKR, HAL: ROE % Comparison

For the Oil & Gas Equipment & Services subindustry, PT Multikarya Asia Pasifik 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 Multikarya Asia Pasifik Raya Tbk ROE % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Multikarya Asia Pasifik Raya Tbk's ROE % distribution charts can be found below:

* The bar in red indicates where PT Multikarya Asia Pasifik Raya Tbk's ROE % falls into.


ISX:MKAP
13GF Score
PT Multikarya Asia Pasifik Raya Tbk ISX:MKAP
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multikarya Asia Pasifik Raya Tbk ROE % Calculation

PT Multikarya Asia Pasifik 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 )
=55344.177/( (277754.009+323373.678)/ 2 )
=55344.177/300563.8435
=18.41 %

PT Multikarya Asia Pasifik Raya Tbk's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Dec. 2024 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=55344.177/( (277754.009+323373.678)/ 2 )
=55344.177/300563.8435
=18.41 %

* 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 one times the annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 18.41% mean?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a ROE % of 18.41% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on PT Multikarya Asia Pasifik Raya Tbk and its competitors. This is 61% above median its historical median of 11.42. According to the industry distribution chart, PT Multikarya Asia Pasifik Raya Tbk ranks #175 out of 959 companies in the Oil & Gas industry, placing it in the top 18.2%.
Is PT Multikarya Asia Pasifik Raya Tbk's ROE % too high?
PT Multikarya Asia Pasifik Raya Tbk's current ROE % of 18.41% is 61% above median its 10-year median of 11.42. The Oil & Gas industry median ROE % is 5.88. PT Multikarya Asia Pasifik Raya Tbk's value of 18.41% is 213.1% above this industry median. Based on the distribution chart, PT Multikarya Asia Pasifik Raya Tbk ranks #175 out of 959 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, PT Multikarya Asia Pasifik Raya Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Multikarya Asia Pasifik Raya Tbk's ROE % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, PT Multikarya Asia Pasifik Raya Tbk ranks #175 out of 959 companies for ROE %. This places PT Multikarya Asia Pasifik Raya Tbk in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 5.88. PT Multikarya Asia Pasifik Raya Tbk's value of 18.41% is 213.1% above this benchmark. While the company's 10-year median is 11.42 vs. the industry median of 5.88, PT Multikarya Asia Pasifik 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 an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.88, based on 959 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 Multikarya Asia Pasifik Raya Tbk's current ROE % of 18.41% is 213.1% 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 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 Multikarya Asia Pasifik Raya Tbk and its competitors. For the Oil & Gas industry, the median ROE % is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multikarya Asia Pasifik Raya Tbk's current ROE % is 18.41%, which is 61% above median its own 10-year median of 11.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multikarya Asia Pasifik Raya Tbk stock overvalued right now?
PT Multikarya Asia Pasifik Raya Tbk (ISX:MKAP) has a current ROE % of 18.41%. The current ROE % is 18.41%, which is 61% above median its 10-year median of 11.42 and 213.1% above the Oil & Gas industry median of 5.88. PT Multikarya Asia Pasifik Raya Tbk's overall GF Score™ is 13/100 with 5 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 Multikarya Asia Pasifik Raya Tbk (ISX:MKAP), the current ROE % is 18.41% as of Dec. 2025. 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.

PT Multikarya Asia Pasifik Raya Tbk Business Description

Industry EnergyOil & Gas
Address Jalan TB Simatupang No 02, Cibis Nine, 16th Floor, Cilandak Timur, Pasar Minggu, South Jakarta, Jakarta, IDN, 12560
PT Multikarya Asia Pasifik Raya Tbk is engaged in the manufacturing and trading of services, as well as the rental and repair of pumps and other supporting equipment, including spare parts for the oil, natural gas, and mining industries. The firm operates through two main segments: Spare Parts and Procurement, and Rental and Services, with the majority of its revenue coming from the Spare Parts and Procurement segment. For the oil and gas industry, it offers products and services such as crude oil transfer to and from further processing, water reinjection production, water treatment injection plants, and pumps for mud, cement, and stimulation. In the mining industry, the company provides services for water drying and mud removal, along with reinstallation, repair, and rejuvenation of pump.
13GF Score

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