JSMR
Jasa Marga (Persero) Tbk.
2.640
09 Oct 2026
PER
5,47
PBV
0,31
ROE
9,65%
Current Ratio
0,58
DER
268,55%
Berdasarkan data Trailing Twelve Months (TTM).
Klasifikasi
Sektor
Infrastruktur
Sub Sektor
Infrastruktur Transportasi
Industri
Operator Infrastruktur Transportasi
Sub Industri
Operator Jalan Tol & Rel
Business Line
—
Product & Commodity
—
Info Umum
Tanggal Pencatatan
—
Mata Uang
IDR
Website
https://www.jasamarga.com
Email
—
Telepon
—
Alamat
Plaza Tol Taman Mini Indonesia Indah -, Jakarta
Tentang Perusahaan
PT Jasa Marga (Persero) Tbk develops, constructs, operates, manages, and maintains toll roads in Indonesia. The company also offers toll road service, such as transaction services, traffic services, and road construction services. It also rents toll road equipment and vehicles; and develops real estate properties. The company operates 13 toll roads. PT Jasa Marga (Persero) Tbk was founded in 1978 and is headquartered in Jakarta, Indonesia.
Rasio
Rasio Profitabilitas
Gross Profit Margin (TTM)
41,07%
Operating Profit Margin (TTM)
32,06%
Net Profit Margin (TTM)
11,96%
Management Effectiveness
ROA (TTM)
2,19%
ROE (TTM)
9,65%
Asset Turnover (TTM)
0,18x
Rasio Liquiditas & Leverage
Current Ratio
0,58
Quick Ratio
0,57
Debt to Equity Ratio (DER)
268,55%
Rasio Aktivitas
Perputaran Aset (TTM)
0,18x
Inventory Turnover (TTM)
103,32x
Receivables Turnover (TTM)
—
Valuasi
Current Valuation
Current PE Ratio (Annual)
5,24
Current PE Ratio (TTM)
5,47
Earning Yield (Annual)
19,09%
Earning Yield (TTM)
18,30%
Earning Yield (Greenblatt: EBIT/EV)
8,88%
Current Price to Book Value
0,31
Current Price to Sales (TTM)
0,65
Current Price to Cashflow (TTM)
-3,35
EV to EBITDA (TTM)
11,13
Fair Value (Graham Number)
9.663
Per Share
EPS (Annual)
504
EPS (TTM)
483
Book Value per Share
8.592
Revenue per Share (Annual)
4.118
Revenue per Share (TTM)
4.040
Cash Flow per Share (Annual)
-1.023
Cash Flow per Share (TTM)
-787
Ukuran Perusahaan
Market Cap
19,16 T
Enterprise Value
113,62 T
Saham Beredar
7,26 M
Total Aset
160,00 T
Total Ekuitas
36,36 T
Free Cash Flow (Annual)
-7,43 T
Growth (TTM vs Tahun Terbaru)
Revenue Growth
-1,91%
Gross Profit Growth
2,16%
Net Income Growth
-4,18%
Screening ala Graham
6 / 9
Bukan Saham Teknologi
Lulus
Termasuk Sektor Infrastruktur
Lulus
Revenue Lebih dari Rp175 Miliar
Lulus
Current Ratio > 2
Gagal
Utang Jangka Panjang < Modal Kerja Bersih
Gagal
PER Wajar (< 15)
Lulus
PER x PBV < 22
Lulus
DER Rendah (< 100%)
Gagal
Membagikan Dividen
Lulus
Checklist ala kriteria defensive investor Benjamin Graham — bukan rekomendasi investasi, semata analisis kuantitatif berdasarkan data laporan keuangan terakhir.
Piotroski F-Score
6 / 9
Arus kas operasi positif
Lulus
ROA membaik
Gagal
Rasio utang jangka panjang menurun
Gagal
Kualitas laba (OCF > laba bersih)
Lulus
Laba bersih positif
Lulus
Jumlah saham tidak bertambah
Lulus
Gross margin membaik
Lulus
Current ratio membaik
Lulus
Asset turnover membaik
Gagal
Altman Z-Score
0.64
Modal Kerja / Total Aset
-0.04
Laba Ditahan / Total Aset
0.13
EBIT / Total Aset
0.06
Nilai Pasar Ekuitas / Total Liabilitas
0.20
Penjualan / Total Aset
0.18
Zona
Distress Zone
Model prediksi risiko kebangkrutan Edward Altman (1968) — Z > 2,99 Safe Zone, 1,81–2,99 Grey Zone, di bawah 1,81 Distress Zone.
Graham Valuation
Fair Value (Graham Number)
9.663
Harga Saat Ini
2.640
Selisih
7.023
Status Kuartal Terkini
Checklist fundamental berbasis TTM & laporan tahunan — label berwarna berarti kriteria terpenuhi.
Kinerja Dasar
Laba
Laba Naik
Laba Naik < 20%
Penjualan Turun < 20%
Hutang Turun < 20%
Pertumbuhan Rata-rata (CAGR)
Modal Naik Rata2 > 10%
Modal Naik Rata2 > 20%
Modal Naik Rata2 > 40%
Penjualan Naik Rata2 > 10%
Laba Naik Rata2 > 20%
Solvabilitas
DER < 0.5x
DER < 1x
Likuiditas
Aset Lancar > Hutang Lancar
Profitabilitas
ROE > 10%
Margin Laba Kotor > 20%
Margin Laba Kotor > 40%
Margin Laba Kotor > 60%
Margin Laba Kotor > 80%
Margin Laba Operasi > 10%
Margin Laba Operasi > 20%
Margin Laba Bersih > 10%
Margin Laba Bersih > 20%
Margin Laba Bersih > 30%
Valuasi
Nilai Buku < Harga
Laba Kotor
6,32 T
2018
6,96 T
2019
5,35 T
2020
7,48 T
2021
7,42 T
2022
8,96 T
2023
11,31 T
2024
11,79 T
2025
Laba Bersih
2,20 T
2018
2,21 T
2019
501,05 M
2020
1,62 T
2021
2,75 T
2022
6,79 T
2023
4,53 T
2024
3,66 T
2025
Margin Laba Kotor
17,1%
2018
26,4%
2019
39,1%
2020
49,3%
2021
44,7%
2022
42,0%
2023
35,6%
2024
39,4%
2025
Margin Laba Operasi
11,5%
2018
16,6%
2019
29,3%
2020
39,1%
2021
30,2%
2022
32,5%
2023
27,7%
2024
30,7%
2025
Margin Laba Bersih
6,0%
2018
8,4%
2019
3,7%
2020
10,7%
2021
16,6%
2022
31,9%
2023
14,3%
2024
12,2%
2025
Imbal Hasil Aset (ROA)
-
2018
-
2019
-
2020
-
2021
3,0%
2022
5,0%
2023
3,1%
2024
2,3%
2025
Imbal Hasil Ekuitas (ROE)
-
2018
-
2019
-
2020
-
2021
12,6%
2022
24,4%
2023
13,3%
2024
10,1%
2025
Current Ratio
-
2018
-
2019
-
2020
-
2021
1,02x
2022
0,33x
2023
0,33x
2024
0,58x
2025
Quick Ratio
-
2018
-
2019
-
2020
-
2021
1,01x
2022
0,33x
2023
0,33x
2024
0,57x
2025
Debt to Equity Ratio (DER)
-
2018
-
2019
-
2020
-
2021
300,2%
2022
340,7%
2023
264,1%
2024
268,6%
2025
Perputaran Aset
-
2018
-
2019
-
2020
-
2021
0,18x
2022
0,16x
2023
0,21x
2024
0,19x
2025
Perputaran Persediaan
-
2018
-
2019
-
2020
-
2021
92,92x
2022
103,44x
2023
138,16x
2024
108,25x
2025
Perputaran Piutang
-
2018
-
2019
-
2020
-
2021
-
2022
-
2023
-
2024
-
2025
Tren historis per tahun buku berdasarkan laporan laba rugi & neraca yang tersedia. Batang berwarna merah menandakan nilai negatif.
| Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 29.318.964.000.000 | 29.890.247.000.000 | 31.755.916.000.000 | 21.318.605.000.000 | 16.582.849.000.000 | 15.169.552.000.000 | 13.704.000.000.000 | 26.345.300.000.000 | 36.974.100.000.000 |
| Cost of Revenue | 17.277.829.000.000 | 18.103.537.000.000 | 20.444.949.000.000 | 12.360.079.000.000 | 9.164.752.000.000 | 7.694.275.000.000 | 8.349.490.000.000 | 19.385.900.000.000 | 30.656.200.000.000 |
| Gross Profit | 12.041.135.000.000 | 11.786.710.000.000 | 11.310.967.000.000 | 8.958.526.000.000 | 7.418.097.000.000 | 7.475.277.000.000 | 5.354.530.000.000 | 6.959.350.000.000 | 6.317.920.000.000 |
| Operating Expenses | 2.642.906.000.000 | 2.609.463.000.000 | 2.518.130.000.000 | 2.021.065.000.000 | 2.413.533.000.000 | 1.537.316.000.000 | 1.337.050.000.000 | 21.974.500.000.000 | 32.717.400.000.000 |
| Operating Income | 9.398.229.000.000 | 9.177.247.000.000 | 8.792.837.000.000 | 6.937.461.000.000 | 5.004.564.000.000 | 5.937.961.000.000 | 4.017.480.000.000 | 4.370.790.000.000 | 4.256.650.000.000 |
| EBIT | 10.093.554.000.000 | 9.889.701.000.000 | 9.338.120.000.000 | 11.047.430.000.000 | 6.999.433.000.000 | — | 0 | 4.370.790.000.000 | 4.256.650.000.000 |
| Income Before Tax | 6.468.419.000.000 | 6.353.822.000.000 | 5.763.285.000.000 | 7.926.425.000.000 | 3.725.795.000.000 | 2.072.453.000.000 | 696.451.000.000 | 3.097.600.000.000 | 3.210.310.000.000 |
| Net Income | 3.506.544.000.000 | 3.659.535.000.000 | 4.533.007.000.000 | 6.793.551.000.000 | 2.746.884.000.000 | 1.615.281.000.000 | 501.047.000.000 | 2.207.120.000.000 | 2.202.600.000.000 |
| Basic EPS | 483,00 | 504,00 | 625,00 | 936,03 | 378,00 | 222,56 | — | — | — |
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total Aset | 159.995.285.000.000 | 148.716.520.000.000 | 134.732.001.000.000 | 91.139.182.000.000 |
| Aset Lancar | 9.268.670.000.000 | 7.197.565.000.000 | 8.267.495.000.000 | 12.372.212.000.000 |
| Kas | 6.750.913.000.000 | 5.123.252.000.000 | 4.696.437.000.000 | 8.429.118.000.000 |
| Piutang | — | — | — | — |
| Persediaan | 167.233.000.000 | 147.978.000.000 | 119.490.000.000 | 98.627.000.000 |
| Total Liabilitas | 97.633.568.000.000 | 89.883.279.000.000 | 95.004.167.000.000 | 65.517.793.000.000 |
| Liabilitas Lancar | 15.995.855.000.000 | 21.566.219.000.000 | 24.795.057.000.000 | 12.142.988.000.000 |
| Long Term Debt | 71.336.930.000.000 | 58.988.577.000.000 | 60.316.676.000.000 | 47.783.513.000.000 |
| Total Ekuitas | 36.355.614.000.000 | 34.033.535.000.000 | 27.884.494.000.000 | 21.825.603.000.000 |
| Working Capital | -6.727.185.000.000 | -14.368.654.000.000 | -16.527.562.000.000 | 229.224.000.000 |
| Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Kas dari Aktivitas Operasi | 7.470.838.000.000 | 5.661.228.000.000 | 5.903.543.000.000 | 4.165.956.000.000 | 4.022.207.000.000 | 0 |
| Kas dari Aktivitas Investasi | -11.827.428.000.000 | -13.224.193.000.000 | -13.401.184.000.000 | -8.324.353.000.000 | -1.639.671.000.000 | 0 |
| Kas dari Aktivitas Pembiayaan | 4.965.488.000.000 | 9.190.626.000.000 | 7.924.456.000.000 | 168.230.000.000 | -62.057.000.000 | 0 |
| Capital Expenditures | -11.802.384.000.000 | -13.087.201.000.000 | -12.716.438.000.000 | -5.783.275.000.000 | -4.482.823.000.000 | 0 |
| Arus Kas Bebas (FCF) | -4.331.546.000.000 | -7.425.973.000.000 | -6.812.895.000.000 | -1.617.319.000.000 | -460.616.000.000 | 0 |
| Dividen Dibayar | -1.133.891.000.000 | -1.133.891.000.000 | -274.809.000.000 | -555.104.000.000 | -148.000.000 | 0 |