PT Tirta Mahakam Resources Tbk (ISX:TIRT) ROE %: Negative Equity% (As of Mar. 2026)


ISX:TIRT PT Tirta Mahakam Resources Tbk ISX:TIRT
11 GF Score
Price Rp655.00
! 4 Warning Signs
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What is PT Tirta Mahakam Resources Tbk ROE %?

PT Tirta Mahakam Resources Tbk ISX:TIRT -2.96% 11 ROE % is Negative Equity% as of Mar. 2026. GuruFocus rates ISX:TIRT with a GF Score™ of 11/100. The stock has 4 warning signs investors should review. Among 280 Forest Products companies, PT Tirta Mahakam Resources Tbk ranks worse than 357142.5% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. PT Tirta Mahakam Resources Tbk's annualized net income for the quarter that ended in Mar. 2026 was Rp29,835 Mil. PT Tirta Mahakam Resources Tbk's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was Rp-607,217 Mil. Therefore, PT Tirta Mahakam Resources Tbk's annualized ROE % for the quarter that ended in Mar. 2026 was Negative Equity%.

The historical rank and industry rank for PT Tirta Mahakam Resources Tbk's ROE % or its related term are showing as below:

During the past 13 years, PT Tirta Mahakam Resources Tbk's highest ROE % was 26.60%. The lowest was -83.84%. And the median was -16.87%.

ISX:TIRT's ROE % is not ranked *
in the Forest Products industry.
Industry Median: 2.07
* Ranked among companies with meaningful ROE % only.

PT Tirta Mahakam Resources Tbk  (ISX:TIRT) 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
=29834.716/-607216.5365
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(29834.716 / 106474.18)*(106474.18 / 375032.36)*(375032.36 / -607216.5365)
=Net Margin %*Asset Turnover*Equity Multiplier
=28.02 %*0.2839*N/A
=ROA %*Equity Multiplier
=7.95 %*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
=29834.716/-607216.5365
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (29834.716 / 31112.408) * (31112.408 / 44479.924) * (44479.924 / 106474.18) * (106474.18 / 375032.36) * (375032.36 / -607216.5365)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9589 * 0.6995 * 41.78 % * 0.2839 * 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 Tirta Mahakam Resources Tbk ROE % Related Terms


PT Tirta Mahakam Resources Tbk ROE % Historical Data

* Premium members only.

The historical data trend for PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk ROE % Chart

PT Tirta Mahakam Resources 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 0.00 0.00 0.00 0.00

PT Tirta Mahakam Resources 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 0.00 0.00 0.00 0.00 Negative Equity

ISX:TIRT vs SSD, UFPI, BCC: ROE % Comparison

For the Lumber & Wood Production subindustry, PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk ROE % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Tirta Mahakam Resources Tbk's ROE % distribution charts can be found below:

* The bar in red indicates where PT Tirta Mahakam Resources Tbk's ROE % falls into.


ISX:TIRT
11GF Score
PT Tirta Mahakam Resources Tbk ISX:TIRT
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Tirta Mahakam Resources Tbk ROE % Calculation

PT Tirta Mahakam Resources 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 )
=-41344.315/( (-669803.649+-610945.876)/ 2 )
=-41344.315/-640374.7625
=N/A %

PT Tirta Mahakam Resources 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 )
=29834.716/( (-610945.876+-603487.197)/ 2 )
=29834.716/-607216.5365
=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 Tirta Mahakam Resources Tbk (ISX:TIRT) 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 Tirta Mahakam Resources Tbk and its competitors. According to the industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #999999 out of 280 companies in the Forest Products industry.
Is PT Tirta Mahakam Resources Tbk's ROE % too high?
PT Tirta Mahakam Resources Tbk's current ROE % is Negative Equity%. Based on the distribution chart, PT Tirta Mahakam Resources Tbk ranks #999999 out of 280 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Tirta Mahakam Resources Tbk has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does PT Tirta Mahakam Resources Tbk's ROE % compare to SSD and UFPI?
According to the Forest Products industry distribution chart, PT Tirta Mahakam Resources Tbk ranks #999999 out of 280 companies for ROE %. This places PT Tirta Mahakam Resources Tbk in the lower half of its industry. The industry median ROE % is 2.07. 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 Forest Products company?
The median ROE % among Forest Products companies is 2.07, based on 280 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 Tirta Mahakam Resources Tbk and its competitors. For the Forest Products industry, the median ROE % is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Tirta Mahakam Resources 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 Tirta Mahakam Resources Tbk stock overvalued right now?
PT Tirta Mahakam Resources Tbk (ISX:TIRT) has a current ROE % of Negative Equity%. The current ROE % is Negative Equity%. PT Tirta Mahakam Resources Tbk's overall GF Score™ is 11/100 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 Tirta Mahakam Resources Tbk (ISX:TIRT), 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.

PT Tirta Mahakam Resources Tbk Business Description

Address Jalan Letjen Soepeno No. 34, Arteri Permata Hijau, Gapura Prima Office Tower (The Bellezza) 20th Floor, Jakarta Selatan, Jakarta, IDN, 12210
PT Tirta Mahakam Resources Tbk is engaged in the plywood processing industry, producing various types of plywood products. The company's main products are Floorbase, General Plywood, Concrete Panel, Structure Panel, Barecore, Blockboard, Polyester Plywood, and Polyester Blockboard. It has only one reportable segment, which is plywood industry segment.
11GF Score

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

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