PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) ROIC %: 13.57% (As of Mar. 2026)


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 ROIC %?

PT Mandiri Herindo Adiperkasa Tbk ISX:MAHA +0.76% 68 ROIC % is 13.57% as of Mar. 2026. 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.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. PT Mandiri Herindo Adiperkasa Tbk's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 13.57%.

As of today (2026-06-30), PT Mandiri Herindo Adiperkasa Tbk's WACC % is 9.68%. PT Mandiri Herindo Adiperkasa Tbk's ROIC % is 17.71% (calculated using TTM income statement data). PT Mandiri Herindo Adiperkasa Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


PT Mandiri Herindo Adiperkasa Tbk  (ISX:MAHA) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, PT Mandiri Herindo Adiperkasa Tbk's WACC % is 9.68%. PT Mandiri Herindo Adiperkasa Tbk's ROIC % is 17.71% (calculated using TTM income statement data). PT Mandiri Herindo Adiperkasa Tbk generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


PT Mandiri Herindo Adiperkasa Tbk ROIC % Related Terms


PT Mandiri Herindo Adiperkasa Tbk ROIC % Historical Data

* Premium members only.

The historical data trend for PT Mandiri Herindo Adiperkasa Tbk's ROIC % 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 ROIC % Chart

PT Mandiri Herindo Adiperkasa Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
Get a 7-Day Free Trial 28.88 29.34 20.26 15.30 14.99

PT Mandiri Herindo Adiperkasa Tbk Quarterly Data
Dec20 Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % 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 3.47 0.30 21.52 31.88 13.57

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

For the Trucking subindustry, PT Mandiri Herindo Adiperkasa Tbk's ROIC %, along with its competitors' market caps and ROIC % 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 ROIC % vs Transportation Industry

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

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


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

PT Mandiri Herindo Adiperkasa Tbk's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=448385.82 * ( 1 - 29.86% )/( (2024321.154 + 2171096.404)/ 2 )
=314497.814148/2097708.779
=14.99 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2703403.336 - 400458.743 - ( 372594.77 - max(0, 612469.261 - 891092.7+372594.77))
=2024321.154

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2996254.739 - 422462.05 - ( 566227.496 - max(0, 707194.23 - 1109890.515+566227.496))
=2171096.404

PT Mandiri Herindo Adiperkasa Tbk's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=366916.976 * ( 1 - 19.9% )/( (2171096.404 + 2161686.049)/ 2 )
=293900.497776/2166391.2265
=13.57 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2996254.739 - 422462.05 - ( 566227.496 - max(0, 707194.23 - 1109890.515+566227.496))
=2171096.404

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3014622.371 - 375606.389 - ( 628759.969 - max(0, 645514.989 - 1122844.922+628759.969))
=2161686.049

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 13.57% mean?
PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA) has a ROIC % of 13.57% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PT Mandiri Herindo Adiperkasa Tbk and its competitors.
Is PT Mandiri Herindo Adiperkasa Tbk's ROIC % too high?
PT Mandiri Herindo Adiperkasa Tbk's current ROIC % is 13.57%. The Transportation industry median ROIC % is 4.69. PT Mandiri Herindo Adiperkasa Tbk's value of 13.57% is 189.3% above this industry median. 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 ROIC % compare to ODFL and XPO?
PT Mandiri Herindo Adiperkasa Tbk's ROIC % of 13.57% can be compared against companies in the Transportation industry. The industry median ROIC % is 4.69. PT Mandiri Herindo Adiperkasa Tbk's value of 13.57% is 189.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Transportation company?
The median ROIC % among Transportation companies is 4.69, based on 986 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Mandiri Herindo Adiperkasa Tbk's current ROIC % of 13.57% is 189.3% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PT Mandiri Herindo Adiperkasa Tbk and its competitors. For the Transportation industry, the median ROIC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mandiri Herindo Adiperkasa Tbk's current ROIC % is 13.57%. 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 ROIC % is 13.57% and 189.3% above the Transportation industry median of 4.69. 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 ROIC % calculated?
ROIC % is calculated from a company's financial statements. For PT Mandiri Herindo Adiperkasa Tbk (ISX:MAHA), the current ROIC % is 13.57% 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:

  • ROIC %: 13.57%
  • GF Value™: Rp229.48 vs. price of Rp132.00 (42.5% below fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 189.3% above the Transportation median

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

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

Rp132.00
Price
Rp229.48
GF Value