As of today (2026-07-12), PT Jaya Konstruksi Manggala Pratama Tbk's weighted average cost of capital is 9.57%%. PT Jaya Konstruksi Manggala Pratama Tbk's ROIC % is 3.43% (calculated using TTM income statement data).
PT Jaya Konstruksi Manggala Pratama Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.
For a comprehensive WACC calculation, please access the WACC Calculator.
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 Jaya Konstruksi Manggala Pratama Tbk's weighted average cost of capital is 9.57%%. PT Jaya Konstruksi Manggala Pratama Tbk's ROIC % is 3.43% (calculated using TTM income statement data).
PT Jaya Konstruksi Manggala Pratama Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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.
Related Terms
PT Jaya Konstruksi Manggala Pratama Tbk WACC % Historical Data
* 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 Conglomerates subindustry, PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama Tbk WACC % vs Conglomerates Industry
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 Jaya Konstruksi Manggala Pratama Tbk's market capitalization (E) is Rp1076362.311 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 Jaya Konstruksi Manggala Pratama Tbk's latest one-year quarterly average Book Value of Debt (D) is Rp70138.6098 Mil.
a) weight of equity = E / (E + D) = 1076362.311 / (1076362.311 + 70138.6098) = 0.9388
b) weight of debt = D / (E + D) = 70138.6098 / (1076362.311 + 70138.6098) = 0.0612
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 4.561%. 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 Jaya Konstruksi Manggala Pratama Tbk's beta is 0.8454.
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 = 4.561% + 0.8454 * 6% = 9.6334%
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 Jaya Konstruksi Manggala Pratama Tbk's interest expense (positive number) was Rp6917.83 Mil. Its total Book Value of Debt (D) is Rp70138.6098 Mil.
Cost of Debt = 6917.83 / 70138.6098 = 9.8631%.
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 = 22439.582 / 168074.831 = 13.35%.
* 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) has a WACC % of 9.57% as of Jul. 12, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on PT Jaya Konstruksi Manggala Pratama Tbk and its competitors. This is 181% above median its historical median of 3.41. According to the industry distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #414 out of 578 companies in the Conglomerates industry, placing it in the top 71.6%.
Is PT Jaya Konstruksi Manggala Pratama Tbk's WACC % too high?
PT Jaya Konstruksi Manggala Pratama Tbk's current WACC % of 9.57% is 181% above median its 10-year median of 3.41. The Conglomerates industry median WACC % is 6.72. PT Jaya Konstruksi Manggala Pratama Tbk's value of 9.57% is 42.4% above this industry median. Based on the distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #414 out of 578 companies in the Conglomerates industry, which is below the industry midpoint. Overall, PT Jaya Konstruksi Manggala Pratama Tbk has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jaya Konstruksi Manggala Pratama Tbk's WACC % compare to HON and MMM?
According to the Conglomerates industry distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #414 out of 578 companies for WACC %. This places PT Jaya Konstruksi Manggala Pratama Tbk in the lower half of its industry. The industry median WACC % is 6.72. PT Jaya Konstruksi Manggala Pratama Tbk's value of 9.57% is 42.4% above this benchmark. While the company's 10-year median is 3.41 vs. the industry median of 6.72, PT Jaya Konstruksi Manggala Pratama 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 Conglomerates company?
The median WACC % among Conglomerates companies is 6.72, based on 578 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 Jaya Konstruksi Manggala Pratama Tbk's current WACC % of 9.57% is 42.4% 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 Jaya Konstruksi Manggala Pratama Tbk and its competitors. For the Conglomerates industry, the median WACC % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jaya Konstruksi Manggala Pratama Tbk's current WACC % is 9.57%, which is 181% above median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jaya Konstruksi Manggala Pratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp84.80, compared to a current price of Rp66.00 — trading 22.2% below its estimated fair value. The current WACC % is 9.57%, which is 181% above median its 10-year median of 3.41 and 42.4% above the Conglomerates industry median of 6.72. PT Jaya Konstruksi Manggala Pratama Tbk's overall GF Score™ is 75/100 with 6 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON), the current WACC % is 9.57% as of Jul. 12, 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk stock appears to be undervalued.
The current stock price of Rp66.00 is trading 22.2% below its estimated GF Value™ of Rp84.80.
GuruFocus considers PT Jaya Konstruksi Manggala Pratama Tbk to be Modestly Undervalued.
Key valuation signals for ISX:JKON:
WACC %: 9.57% (181% above median its 10-year median of 3.41)
GF Value™: Rp84.80 vs. price of Rp66.00 (22.2% below fair value)
Industry Position: 42.4% above the Conglomerates median (#414 of 578)
No single metric tells the full story. See the ISX:JKON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Jaya Konstruksi Manggala Pratama Tbk Business Description
PT Jaya Konstruksi Manggala Pratama Tbk is an Indonesian infrastructure development company that is engaged in the infrastructure and building construction sector, asphalt, and liquefied petroleum gas trading, precast concrete manufacturing, and specialized mechanical and electrical engineering and maintenance services. The company delivers construction, engineering, and maintenance services for hotels, malls, apartments, and office buildings in Indonesia and overseas. It manages its business in segments, namely Construction, Gas trading, Asphalt trading, Manufacturing concrete, Handling equipment, and Others. The company earns the majority of its revenue from its Asphalt trading business in Indonesia.
75GF Score
Get the complete analysis for ISX:JKON
WACC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:JKON has been successfully added to your 
