PTranacentral Bajatama Tbk (ISX:BAJA) 3-Year ROIIC % : 192.71% (As of Dec. 2025) — 713% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:BAJA PT Saranacentral Bajatama Tbk ISX:BAJA
55 GF Score
Price Rp165.00
GF Value Rp114.84
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is PTranacentral Bajatama Tbk 3-Year ROIIC %?

PTranacentral Bajatama Tbk ISX:BAJA 55 3-Year ROIIC % is 192.71 as of Dec. 2025, which is 713% above its 10-year median of 23.71. GuruFocus rates ISX:BAJA with a GF Score™ of 55/100 and a GF Value™ of Rp114.84 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 605 Steel companies, PTranacentral Bajatama Tbk ranks better than 94.88% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. PTranacentral Bajatama Tbk's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 192.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for PTranacentral Bajatama Tbk's 3-Year ROIIC % or its related term are showing as below:

ISX:BAJA's 3-Year ROIIC % is ranked better than
94.88% of 605 companies
in the Steel industry
Industry Median: -0.23 vs ISX:BAJA: 192.71

PTranacentral Bajatama Tbk  (ISX:BAJA) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


PTranacentral Bajatama Tbk 3-Year ROIIC % Related Terms


PTranacentral Bajatama Tbk 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for PTranacentral Bajatama Tbk's 3-Year ROIIC % 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.

PTranacentral Bajatama Tbk 3-Year ROIIC % Chart

PTranacentral Bajatama Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -201.71 -77.77 -122.06 313.85 192.71

PTranacentral Bajatama Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 192.71 0.00

ISX:BAJA vs NUE, STLD, RS: 3-Year ROIIC % Comparison

For the Steel subindustry, PTranacentral Bajatama Tbk's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


PTranacentral Bajatama Tbk 3-Year ROIIC % vs Steel Industry

For the Steel industry and Basic Materials sector, PTranacentral Bajatama Tbk's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where PTranacentral Bajatama Tbk's 3-Year ROIIC % falls into.


ISX:BAJA
55GF Score
PT Saranacentral Bajatama Tbk ISX:BAJA
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PTranacentral Bajatama Tbk 3-Year ROIIC % Calculation

PTranacentral Bajatama Tbk's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 8685.139 (Dec. 2025) - -57037.700496 (Dec. 2022) )/( 562981.384 (Dec. 2025) - 528876.217 (Dec. 2022) )
=65722.839496/34105.167
=192.71%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 192.71 mean?
PTranacentral Bajatama Tbk (ISX:BAJA) has a 3-Year ROIIC % of 192.71 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on PTranacentral Bajatama Tbk and its competitors. This is 713% above median its historical median of 23.71. According to the industry distribution chart, PTranacentral Bajatama Tbk ranks #31 out of 605 companies in the Steel industry, placing it in the top 5.1%.
Is PTranacentral Bajatama Tbk's 3-Year ROIIC % too high?
PTranacentral Bajatama Tbk's current 3-Year ROIIC % of 192.71 is 713% above median its 10-year median of 23.71. Based on the distribution chart, PTranacentral Bajatama Tbk ranks #31 out of 605 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, PTranacentral Bajatama Tbk has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTranacentral Bajatama Tbk's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, PTranacentral Bajatama Tbk ranks #31 out of 605 companies for 3-Year ROIIC %. This places PTranacentral Bajatama Tbk in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on PTranacentral Bajatama Tbk and its competitors. PTranacentral Bajatama Tbk's current 3-Year ROIIC % is 192.71, which is 713% above median its own 10-year median of 23.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTranacentral Bajatama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTranacentral Bajatama Tbk (ISX:BAJA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp114.84, compared to a current price of Rp165.00 — trading 43.7% above its estimated fair value. The current 3-Year ROIIC % is 192.71, which is 713% above median its 10-year median of 23.71. PTranacentral Bajatama Tbk's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For PTranacentral Bajatama Tbk (ISX:BAJA), the current 3-Year ROIIC % is 192.71 as of Dec. 2025. 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 PTranacentral Bajatama Tbk (ISX:BAJA) Overvalued in 2026?

Based on GuruFocus' analysis, PTranacentral Bajatama Tbk stock appears to be overvalued. The current stock price of Rp165.00 is trading 43.7% above its estimated GF Value™ of Rp114.84. GuruFocus considers PTranacentral Bajatama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BAJA:

  • 3-Year ROIIC %: 192.71 (713% above median its 10-year median of 23.71)
  • GF Value™: Rp114.84 vs. price of Rp165.00 (43.7% above fair value)
  • GF Score™: 55/100 with 7 warning signs

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


PTranacentral Bajatama Tbk Business Description

Address Jalan Pangeran Jayakarta No. 55, Gedung Baja Tower B, Lantai 6, Mangga Dua Selatan, Sawah Besar, Jakarta Pusat, Jakarta, IDN, 10730
PT Saranacentral Bajatama Tbk is involved in the manufacture and sale of steel products in Indonesia. The company manufactures three types of coated steel products, namely, galvanized steel, Saranalume aluminum-zinc-coated steel, and Sarancolor painted zinc-coated steel. The company's products are used in various applications, including building, electrical machinery, and motor vehicles. The company has four reportable segments, including galvanized, saranalume, coloring, and non-production. The company derives the majority of its revenue from the Saranalume segment.
55GF Score

Get the complete analysis for ISX:BAJA

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

Rp165.00
Price
Rp114.84
GF Value