PT Calculus Global Ventures Tbk (ISX:STAR) ROE %: 3.64% (As of Mar. 2026) — 574% Above Median


ISX:STAR PT Calculus Global Ventures Tbk ISX:STAR
59 GF Score
Price Rp280.00
GF Value Rp111.36
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Calculus Global Ventures Tbk ROE %?

PT Calculus Global Ventures Tbk ISX:STAR 59 ROE % is 3.64% as of Mar. 2026, which is 574% above its 10-year median of 0.54. GuruFocus rates ISX:STAR with a GF Score™ of 59/100 and a GF Value™ of Rp111.36 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,608 Asset Management companies, PT Calculus Global Ventures Tbk ranks worse than 57.03% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PT Calculus Global Ventures Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp19,656 Mil. PT Calculus Global Ventures Tbk's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was Rp540,475 Mil. Therefore, PT Calculus Global Ventures Tbk's annualized ROE % for the quarter that ended in Mar. 2026 was 3.64%.

The historical rank and industry rank for PT Calculus Global Ventures Tbk's ROE % or its related term are showing as below:

ISX:STAR' s ROE % Range Over the Past 10 Years
Min: 0.06   Med: 0.54   Max: 4.63
Current: 4.63

During the past 13 years, PT Calculus Global Ventures Tbk's highest ROE % was 4.63%. The lowest was 0.06%. And the median was 0.54%.

ISX:STAR's ROE % is ranked worse than
57.03% of 1608 companies
in the Asset Management industry
Industry Median: 6.52 vs ISX:STAR: 4.63

PT Calculus Global Ventures Tbk  (ISX:STAR) 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
=19655.784/540474.6715
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(19655.784 / 10106.152)*(10106.152 / 543261.2935)*(543261.2935 / 540474.6715)
=Net Margin %*Asset Turnover*Equity Multiplier
=194.49 %*0.0186*1.0052
=ROA %*Equity Multiplier
=3.62 %*1.0052
=3.64 %

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
=19655.784/540474.6715
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (19655.784 / 19901.552) * (19901.552 / 940.324) * (940.324 / 10106.152) * (10106.152 / 543261.2935) * (543261.2935 / 540474.6715)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9877 * 21.1646 * 9.3 % * 0.0186 * 1.0052
=3.64 %

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 Calculus Global Ventures Tbk ROE % Related Terms


PT Calculus Global Ventures Tbk ROE % Historical Data

* Premium members only.

The historical data trend for PT Calculus Global Ventures 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 Calculus Global Ventures Tbk ROE % Chart

PT Calculus Global Ventures 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 2.10 0.34 0.54 0.83 4.36

PT Calculus Global Ventures 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 2.60 1.72 2.11 11.01 3.64

ISX:STAR vs BLK, BX, KKR: ROE % Comparison

For the Asset Management subindustry, PT Calculus Global Ventures 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 Calculus Global Ventures Tbk ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Calculus Global Ventures Tbk's ROE % distribution charts can be found below:

* The bar in red indicates where PT Calculus Global Ventures Tbk's ROE % falls into.


ISX:STAR
59GF Score
PT Calculus Global Ventures Tbk ISX:STAR
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Calculus Global Ventures Tbk ROE % Calculation

PT Calculus Global Ventures 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 )
=22945.488/( (515078.981+538017.698)/ 2 )
=22945.488/526548.3395
=4.36 %

PT Calculus Global Ventures 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 )
=19655.784/( (538017.698+542931.645)/ 2 )
=19655.784/540474.6715
=3.64 %

* 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 3.64% mean?
PT Calculus Global Ventures Tbk (ISX:STAR) has a ROE % of 3.64% 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 Calculus Global Ventures Tbk and its competitors. This is 574% above median its historical median of 0.54. Over the past decade, PT Calculus Global Ventures Tbk's ROE % has ranged from 0.06 to 4.63. According to the industry distribution chart, PT Calculus Global Ventures Tbk ranks #917 out of 1608 companies in the Asset Management industry, placing it in the top 57%.
Is PT Calculus Global Ventures Tbk's ROE % too high?
PT Calculus Global Ventures Tbk's current ROE % of 3.64% is 574% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 4.63. The Asset Management industry median ROE % is 6.52. PT Calculus Global Ventures Tbk's value of 3.64% is 44.2% below this industry median. Based on the distribution chart, PT Calculus Global Ventures Tbk ranks #917 out of 1608 companies in the Asset Management industry, which is below the industry midpoint. Overall, PT Calculus Global Ventures Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Calculus Global Ventures Tbk's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Calculus Global Ventures Tbk ranks #917 out of 1608 companies for ROE %. This places PT Calculus Global Ventures Tbk in the lower half of its industry. The industry median ROE % is 6.52. PT Calculus Global Ventures Tbk's value of 3.64% is 44.2% below this benchmark. Historically, PT Calculus Global Ventures Tbk's own ROE % has ranged from 0.06 to 4.63 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 6.52, PT Calculus Global Ventures Tbk has consistently been below 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 Asset Management company?
The median ROE % among Asset Management companies is 6.52, based on 1,608 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 Calculus Global Ventures Tbk's current ROE % of 3.64% is 44.2% 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 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 Calculus Global Ventures Tbk and its competitors. For the Asset Management industry, the median ROE % is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Calculus Global Ventures Tbk's current ROE % is 3.64%, which is 574% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Calculus Global Ventures Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk (ISX:STAR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp111.36, compared to a current price of Rp280.00 — trading 151.4% above its estimated fair value. The current ROE % is 3.64%, which is 574% above median its 10-year median of 0.54 and 44.2% below the Asset Management industry median of 6.52. PT Calculus Global Ventures Tbk's overall GF Score™ is 59/100 with 1 warning sign 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 Calculus Global Ventures Tbk (ISX:STAR), the current ROE % is 3.64% 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 Calculus Global Ventures Tbk (ISX:STAR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk stock appears to be overvalued. The current stock price of Rp280.00 is trading 151.4% above its estimated GF Value™ of Rp111.36. GuruFocus considers PT Calculus Global Ventures Tbk to be Significantly Overvalued.

Key valuation signals for ISX:STAR:

  • ROE %: 3.64% (574% above median its 10-year median of 0.54)
  • GF Value™: Rp111.36 vs. price of Rp280.00 (151.4% above fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 44.2% below the Asset Management median (#917 of 1608)

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


PT Calculus Global Ventures Tbk Business Description

Address Jalan MH. Thamrin Number 1, Menara BCA Lot 45, Grand Indonesia, Jakarta Pusat, Jakarta, IDN, 10310
PT Calculus Global Ventures Tbk, formerly known as PT Buana Artha Anugerah Tbk, operates in the business area of investment management, particularly in asset management. The company is engaged in the management consulting business. The products of the company consist of mutual funds includes including foster equity fund, foster fixed income, and foster money market and management of securities portfolio. The company segments consist of investment management services and others.
59GF Score

Get the complete analysis for ISX:STAR

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

Rp280.00
Price
Rp111.36
GF Value