PT Mitra Adiperkasa Tbk (ISX:MAPI) ROIC %: 16.53% (As of Mar. 2026)


ISX:MAPI PT Mitra Adiperkasa Tbk ISX:MAPI
85 GF Score
Price Rp1,515.00
GF Value Rp1,760.93
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Mitra Adiperkasa Tbk ROIC %?

PT Mitra Adiperkasa Tbk ISX:MAPI -0.33% 85 ROIC % is 16.53% as of Mar. 2026. GuruFocus rates ISX:MAPI with a GF Score™ of 85/100 and a GF Value™ of Rp1,760.93 (Modestly Undervalued). The stock has 4 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 Mitra Adiperkasa Tbk's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 16.53%.

As of today (2026-06-24), PT Mitra Adiperkasa Tbk's WACC % is 3.84%. PT Mitra Adiperkasa Tbk's ROIC % is 15.42% (calculated using TTM income statement data). PT Mitra 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 Mitra Adiperkasa Tbk  (ISX:MAPI) 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 Mitra Adiperkasa Tbk's WACC % is 3.84%. PT Mitra Adiperkasa Tbk's ROIC % is 15.42% (calculated using TTM income statement data). PT Mitra 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 Mitra Adiperkasa Tbk ROIC % Related Terms


PT Mitra Adiperkasa Tbk ROIC % Historical Data

* Premium members only.

The historical data trend for PT Mitra 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 Mitra Adiperkasa Tbk ROIC % Chart

PT Mitra Adiperkasa Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.74 19.55 16.60 14.21 15.38

PT Mitra Adiperkasa Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only Premium Member Only 13.72 12.41 12.69 20.21 16.53

ISX:MAPI vs DDS, M: ROIC % Comparison

For the Department Stores subindustry, PT Mitra 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 Mitra Adiperkasa Tbk ROIC % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Mitra Adiperkasa Tbk's ROIC % distribution charts can be found below:

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


ISX:MAPI
85GF Score
PT Mitra Adiperkasa Tbk ISX:MAPI
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mitra Adiperkasa Tbk ROIC % Calculation

PT Mitra 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 )
=4223756 * ( 1 - 23.18% )/( (20206385 + 21974817)/ 2 )
=3244689.3592/21090601
=15.38 %

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))
=29525113 - 4653267 - ( 4665461 - max(0, 10976229 - 15845879+4665461))
=20206385

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))
=32824207 - 4814620 - ( 6034770 - max(0, 11448935 - 18425158+6034770))
=21974817

PT Mitra 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 )
=4573616 * ( 1 - 18.45% )/( (21974817 + 23150657)/ 2 )
=3729783.848/22562737
=16.53 %

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))
=32824207 - 4814620 - ( 6034770 - max(0, 11448935 - 18425158+6034770))
=21974817

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))
=34222432 - 4751896 - ( 6319879 - max(0, 11951505 - 19334841+6319879))
=23150657

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 16.53% mean?
PT Mitra Adiperkasa Tbk (ISX:MAPI) has a ROIC % of 16.53% 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 Mitra Adiperkasa Tbk and its competitors.
Is PT Mitra Adiperkasa Tbk's ROIC % too high?
PT Mitra Adiperkasa Tbk's current ROIC % is 16.53%. The Retail - Cyclical industry median ROIC % is 4.36. PT Mitra Adiperkasa Tbk's value of 16.53% is 279.1% above this industry median. Overall, PT Mitra Adiperkasa Tbk has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mitra Adiperkasa Tbk's ROIC % compare to DDS and M?
PT Mitra Adiperkasa Tbk's ROIC % of 16.53% can be compared against companies in the Retail - Cyclical industry. The industry median ROIC % is 4.36. PT Mitra Adiperkasa Tbk's value of 16.53% is 279.1% 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 Retail - Cyclical company?
The median ROIC % among Retail - Cyclical companies is 4.36, based on 1,114 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 Mitra Adiperkasa Tbk's current ROIC % of 16.53% is 279.1% 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 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 Mitra Adiperkasa Tbk and its competitors. For the Retail - Cyclical industry, the median ROIC % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mitra Adiperkasa Tbk's current ROIC % is 16.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mitra Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk (ISX:MAPI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,760.93, compared to a current price of Rp1,515.00 — trading 14% below its estimated fair value. The current ROIC % is 16.53% and 279.1% above the Retail - Cyclical industry median of 4.36. PT Mitra Adiperkasa Tbk's overall GF Score™ is 85/100 with 4 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 Mitra Adiperkasa Tbk (ISX:MAPI), the current ROIC % is 16.53% 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 Mitra Adiperkasa Tbk (ISX:MAPI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mitra Adiperkasa Tbk stock appears to be undervalued. The current stock price of Rp1,515.00 is trading 14% below its estimated GF Value™ of Rp1,760.93. GuruFocus considers PT Mitra Adiperkasa Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MAPI:

  • ROIC %: 16.53%
  • GF Value™: Rp1,760.93 vs. price of Rp1,515.00 (14% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 279.1% above the Retail - Cyclical median

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


PT Mitra Adiperkasa Tbk Business Description

Other Exchanges PMDKF:USAQGI:Germany
Address Jalan Jend Sudirman Kav 86, 29th Floor, Sahid Sudirman Center, Central Jakarta, Jakarta, IDN, 10220
PT Mitra Adiperkasa Tbk is a departmental store operator in Indonesia. Its portfolio of services comprises sports equipment, fashion, food and beverages, and lifestyle stores managed by over 100 brands like Zara, Lacoste, Adidas, Nike, Starbucks, Domino's Pizza, Galeries, Lafayette, and more. It operates in the following segments: Retail sales; Department stores; Cafe & restaurant; and Others. The majority of its revenue is derived from the Retail sales segment. Its geographical segments include Indonesia, Vietnam, the Philippines, Thailand, and Others.
85GF Score

Get the complete analysis for ISX:MAPI

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

Rp1,515.00
Price
Rp1,760.93
GF Value