PT Adirana Armada TbkISX:ASSA -4.69%90 WACC % is 8.2% as of Jun. 28, 2026, which is 6% below its 10-year median of 8.77. GuruFocus rates ISX:ASSA with a GF Score™ of 90/100 and a GF Value™ of Rp1,058.87 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,113 Business Services companies, PT Adirana Armada Tbk ranks worse than 58.49% on this metric.
As of today (2026-06-28), PT Adirana Armada Tbk's weighted average cost of capital is 8.2%%. PT Adirana Armada Tbk's ROIC % is 9.80% (calculated using TTM income statement data).
PT Adirana Armada 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.
For a comprehensive WACC calculation, please access the WACC Calculator.
PT Adirana Armada Tbk (ISX:ASSA) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % 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 Adirana Armada Tbk's weighted average cost of capital is 8.2%%. PT Adirana Armada Tbk's ROIC % is 9.80% (calculated using TTM income statement data).
PT Adirana Armada 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
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
* 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 Rental & Leasing Services subindustry, PT Adirana Armada Tbk's WACC %, along with its competitors' market caps and WACC % 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 Adirana Armada Tbk WACC % vs Business Services Industry
For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's WACC % distribution charts can be found below:
* The bar in red indicates where PT Adirana Armada Tbk's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, PT Adirana Armada Tbk's market capitalization (E) is Rp2251593.885 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, PT Adirana Armada Tbk's latest one-year quarterly average Book Value of Debt (D) is Rp4271546.2032 Mil.
a) weight of equity = E / (E + D) = 2251593.885 / (2251593.885 + 4271546.2032) = 0.3452
b) weight of debt = D / (E + D) = 4271546.2032 / (2251593.885 + 4271546.2032) = 0.6548
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.376%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. PT Adirana Armada Tbk's beta is 1.5745.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.376% + 1.5745 * 6% = 13.823%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Mar. 2026, PT Adirana Armada Tbk's interest expense (positive number) was Rp284597.833 Mil. Its total Book Value of Debt (D) is Rp4271546.2032 Mil.
Cost of Debt = 284597.833 / 4271546.2032 = 6.6626%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 161496.446 / 755764.971 = 21.37%.
PT Adirana Armada Tbk's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.3452
*
13.823%
+
0.6548
*
6.6626%
*
(1 - 21.37%)
=
8.2%
* 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 Adirana Armada Tbk (ISX:ASSA) has a WACC % of 8.2% as of Jun. 28, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on PT Adirana Armada Tbk and its competitors. This is near median its historical median of 8.77. Over the past decade, PT Adirana Armada Tbk's WACC % has ranged from 6.00 to 15.03. According to the industry distribution chart, PT Adirana Armada Tbk ranks #651 out of 1113 companies in the Business Services industry, placing it in the top 58.5%.
Is PT Adirana Armada Tbk's WACC % too high?
PT Adirana Armada Tbk's current WACC % of 8.2% is near median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 15.03. The Business Services industry median WACC % is 7.25. PT Adirana Armada Tbk's value of 8.2% is 13.1% above this industry median. Based on the distribution chart, PT Adirana Armada Tbk ranks #651 out of 1113 companies in the Business Services industry, which is below the industry midpoint. Overall, PT Adirana Armada Tbk has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's WACC % compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Adirana Armada Tbk ranks #651 out of 1113 companies for WACC %. This places PT Adirana Armada Tbk in the lower half of its industry. The industry median WACC % is 7.25. PT Adirana Armada Tbk's value of 8.2% is 13.1% above this benchmark. Historically, PT Adirana Armada Tbk's own WACC % has ranged from 6.00 to 15.03 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 7.25, PT Adirana Armada Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good WACC % for a Business Services company?
The median WACC % among Business Services companies is 7.25, based on 1,113 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Adirana Armada Tbk's current WACC % of 8.2% is 13.1% 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on PT Adirana Armada Tbk and its competitors. For the Business Services industry, the median WACC % is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Adirana Armada Tbk's current WACC % is 8.2%, which is near median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,058.87, compared to a current price of Rp610.00 — trading 42.4% below its estimated fair value. The current WACC % is 8.2%, which is near median its 10-year median of 8.77 and 13.1% above the Business Services industry median of 7.25. PT Adirana Armada Tbk's overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For PT Adirana Armada Tbk (ISX:ASSA), the current WACC % is 8.2% as of Jun. 28, 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 Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued.
The current stock price of Rp610.00 is trading 42.4% below its estimated GF Value™ of Rp1,058.87.
GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.
Key valuation signals for ISX:ASSA:
WACC %: 8.2% (near median its 10-year median of 8.77)
GF Value™: Rp1,058.87 vs. price of Rp610.00 (42.4% below fair value)
Industry Position: 13.1% above the Business Services median (#651 of 1113)
No single metric tells the full story. See the ISX:ASSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
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