PTJSY (PT Jasa Marga (Persero) Tbk) Scaled Net Operating Assets: 0.82 (As of Mar. 2026)


PTJSY PT Jasa Marga (Persero) Tbk PTJSY
71 GF Score
Price $3.45
GF Value $4.70
Valuation Modestly Undervalued
! 6 Warning Signs
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What is PT Jasa Marga (Persero) Tbk Scaled Net Operating Assets?

PT Jasa Marga (Persero) Tbk PTJSY +4.55% 71 Scaled Net Operating Assets is 0.82 as of Mar. 2026. GuruFocus rates PTJSY with a GF Score™ of 71/100 and a GF Value™ of $4.70 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Jasa Marga (Persero) Tbk's operating assets for the quarter that ended in Mar. 2026 was $9,138 Mil. PT Jasa Marga (Persero) Tbk's operating liabilities for the quarter that ended in Mar. 2026 was $1,284 Mil. PT Jasa Marga (Persero) Tbk's Total Assets for the quarter that ended in Dec. 2025 was $9,576 Mil. Therefore, PT Jasa Marga (Persero) Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.82.


PT Jasa Marga (Persero) Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets 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 Jasa Marga (Persero) Tbk Scaled Net Operating Assets Chart

PT Jasa Marga (Persero) Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.60 1.16 0.85 0.84

PT Jasa Marga (Persero) Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.76 0.83 0.87 0.83 0.82

PT Jasa Marga (Persero) Tbk Scaled Net Operating Assets Competitor Comparison

For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Jasa Marga (Persero) Tbk Scaled Net Operating Assets vs Construction Industry

For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets falls into.


PTJSY
71GF Score
PT Jasa Marga (Persero) Tbk PTJSY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Jasa Marga (Persero) Tbk Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(9170.929-1342.347)/9274.021
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9576.467 - 405.538
=9170.929

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5843.826 - 4275.954 - 225.525
=1342.347

PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(9138.028-1284.244)/9576.467
=0.82

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9482.828 - 344.8
=9138.028

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5734.323 - 4231.206 - 218.873
=1284.244

* 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.

What does a Scaled Net Operating Assets of 0.82 mean?
PT Jasa Marga (Persero) Tbk (PTJSY) has a Scaled Net Operating Assets of 0.82 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Jasa Marga (Persero) Tbk and its competitors.
Is PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets too high?
PT Jasa Marga (Persero) Tbk's current Scaled Net Operating Assets is 0.82. Overall, PT Jasa Marga (Persero) Tbk has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets compare to competitors?
PT Jasa Marga (Persero) Tbk's Scaled Net Operating Assets of 0.82 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Construction company?
A good Scaled Net Operating Assets depends on the Construction industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Jasa Marga (Persero) Tbk and its competitors. PT Jasa Marga (Persero) Tbk's current Scaled Net Operating Assets is 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jasa Marga (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk (PTJSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.70, compared to a current price of $3.45 — trading 26.6% below its estimated fair value. The current Scaled Net Operating Assets is 0.82. PT Jasa Marga (Persero) Tbk's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For PT Jasa Marga (Persero) Tbk (PTJSY), the current Scaled Net Operating Assets is 0.82 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 Jasa Marga (Persero) Tbk (PTJSY) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk stock appears to be undervalued. The current stock price of $3.45 is trading 26.6% below its estimated GF Value™ of $4.70. GuruFocus considers PT Jasa Marga (Persero) Tbk to be Modestly Undervalued.

Key valuation signals for PTJSY:

  • Scaled Net Operating Assets: 0.82
  • GF Value™: $4.70 vs. price of $3.45 (26.6% below fair value)
  • GF Score™: 71/100 with 6 warning signs

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


PT Jasa Marga (Persero) Tbk Business Description

Address Plaza Tol Taman Mini Indonesia Indah, Kantor Pusat, Jakarta, IDN, 13550
PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.
71GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.45
Price
$4.70
GF Value