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 Panin Sekuritas Tbk's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 4.17%.
As of today (2026-07-04), PT Panin Sekuritas Tbk's WACC % is 5.78%. PT Panin Sekuritas Tbk's ROIC % is 6.55% (calculated using TTM income statement data).
PT Panin Sekuritas 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.
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 Panin Sekuritas Tbk's WACC % is 5.78%. PT Panin Sekuritas Tbk's ROIC % is 6.55% (calculated using TTM income statement data).
PT Panin Sekuritas 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.
* 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.
For the Capital Markets subindustry, PT Panin Sekuritas 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 Panin Sekuritas Tbk ROIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PT Panin Sekuritas Tbk's ROIC % distribution charts can be found below:
* The bar in red indicates where PT Panin Sekuritas Tbk's ROIC % falls into.
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.
PT Panin Sekuritas Tbk (ISX:PANS) has a ROIC % of 4.17% 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 Panin Sekuritas Tbk and its competitors.
Is PT Panin Sekuritas Tbk's ROIC % too high?
PT Panin Sekuritas Tbk's current ROIC % is 4.17%. The Capital Markets industry median ROIC % is 1.27. PT Panin Sekuritas Tbk's value of 4.17% is 228.3% above this industry median. Overall, PT Panin Sekuritas Tbk has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Panin Sekuritas Tbk's ROIC % compare to MS and GS?
PT Panin Sekuritas Tbk's ROIC % of 4.17% can be compared against companies in the Capital Markets industry. The industry median ROIC % is 1.27. PT Panin Sekuritas Tbk's value of 4.17% is 228.3% 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 Capital Markets company?
The median ROIC % among Capital Markets companies is 1.27, based on 698 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 Panin Sekuritas Tbk's current ROIC % of 4.17% is 228.3% 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 Panin Sekuritas Tbk and its competitors. For the Capital Markets industry, the median ROIC % is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Panin Sekuritas Tbk's current ROIC % is 4.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Panin Sekuritas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Panin Sekuritas Tbk (ISX:PANS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,870.77, compared to a current price of Rp1,465.00 — trading 21.7% below its estimated fair value. The current ROIC % is 4.17% and 228.3% above the Capital Markets industry median of 1.27. PT Panin Sekuritas Tbk's overall GF Score™ is 80/100 with 2 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 Panin Sekuritas Tbk (ISX:PANS), the current ROIC % is 4.17% 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 Panin Sekuritas Tbk (ISX:PANS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Panin Sekuritas Tbk stock appears to be undervalued.
The current stock price of Rp1,465.00 is trading 21.7% below its estimated GF Value™ of Rp1,870.77.
GuruFocus considers PT Panin Sekuritas Tbk to be Modestly Undervalued.
Key valuation signals for ISX:PANS:
ROIC %: 4.17%
GF Value™: Rp1,870.77 vs. price of Rp1,465.00 (21.7% below fair value)
Industry Position: 228.3% above the Capital Markets median
No single metric tells the full story. See the ISX:PANS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Panin Sekuritas Tbk is engaged in the capital markets business sector. The company is engaged in providing services like broker dealing, corporate finance, asset management, research, online trading, Sharia online trading, education, and others. The operating segments of the company include Brokerage and underwriting and Investment manager and Other business activities. The company generates maximum revenue from the Brokerage and underwriting segment. The product line of the company consists of Panin News, trading ideas, recommendations, company reports, industrial reports, and others.
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