Flags

Financial distress

Jasa Marga

JKT:JSMR · ID1000108103

Transportation InfrastructureLarge

360

Value64

Profit price68

EV / EBIT74

Price / Owner Earnings61

Cash yield77

Owner Earnings Yield81

Dividend Yield73

Sales & asset price71

Price/Sales75

EV / Gross Profit44

Price/Book93

Quality49

Returns on capital52

Return on Capital52

Cash Return on Capital59

Return on Equity44

Profit margins55

EBIT Margin87

Gross Profitability23

Cash backing44

Cash Conversion37

Accruals11

Owner Earnings Margin85

Growth48

Sales growth43

Profit growth54

Profit Growth66

Long-Term EPS Growth42

Owner Earnings Growth54

Reinvestment20

Price momentum22

Safety32

Debt load25

Debt serviceability19

Refinancing6

Debt Payback31

Liquidity39

Sentiment47

Analyst ratings62

Expectations trend73

Opinion Changes50

Price Target Upside96

Market mood70

Value Creation6/20not creating value

Creates more value than its capital costs
Owner earnings growing
Owner earnings per share growing
Reinvests at strong returns
Solid earnings base

What this means

Jasa Marga doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryIndonesia

IndustryTransportation Infrastructure

SizeLarge

TypePublic Company

ExchangeIDX

Founded1978

Employees582

Websitejasamarga.com

ISINID1000108103

Last UpdateApr 2, 2026

Indices

IDX Composite (Indonesia)

Themes

Public TransportationTransportation

Description

PT Jasa Marga (Persero) Tbk is an Indonesian state-owned enterprise specializing in toll road service. The company operates and manages toll roads across Indonesia, contributing significantly to the transportation industry's growth. Business Segment…

Analysis

Middle-of-the-road

PT Jasa Marga (Persero) Tbk is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 2.7× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is stretched. The company scores 6/20 on our value-creation score: not creating value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250

2023202420252026

All-time high

Aug 2024

All-time low

Mar 2026

Average rank

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023

Price/Sales

Price/Earnings

Price/Book

Dividend Yield

Value (overall)

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View

1 · Watch OutGood· 100

Value

1 · ExpensiveGood Value· 100

Quality

1 · Weak FundamentalsHigh Quality· 100

Growth

1 · Tough TimesHigh Growth· 100

Safety

1 · High LeverageWell-Financed· 100

Sentiment

1 · SkepticismPositive· 100

Learn More →