PT Jasa Marga (Persero) Tbk (PTJSY) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 5.79 means the share price is 5.79 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $1.36B is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerPT Jasa Marga (Persero) Tbk (PTJSY) trades at $3.75. PT Jasa Marga (Persero) Tbk is an Indonesian company focused on developing, constructing, operating, and maintaining toll roads. Market cap: $1.36B, Sector: Industrials.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for PTJSY: PTJSY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PTJSY against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
PTJSY: the 2 scored disciplines are evenly split. Dominant signal: Izzy Englander bearish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
PT Jasa Marga (Persero) Tbk (PTJSY) Industrial Operations Profile
PT Jasa Marga (Persero) Tbk, an Indonesian toll road operator, develops, constructs, and manages toll roads across Indonesia. With a focus on toll road services and real estate development, the company operates 13 toll roads, contributing to Indonesia's infrastructure development and offering a dividend yield of 5.09%.
What Is the Investment Thesis for PTJSY?
With a P/E ratio of 5.79 and a dividend yield of 5.09%, the company offers a blend of value and income potential. Key value drivers include increasing traffic volume on its 13 toll roads and potential expansion through new infrastructure projects. Ongoing catalysts include government infrastructure spending and increasing urbanization in Indonesia. Potential risks include regulatory changes, currency fluctuations, and competition from alternative transportation modes. Investors should monitor traffic volume growth, project timelines, and macroeconomic conditions in Indonesia.
Based on FMP financials and quantitative analysis
PTJSY Key Highlights
Market capitalization of $1.36B reflects the company's significant presence in the Indonesian toll road sector.
- P/E ratio of 5.79 suggests the company may be undervalued compared to its earnings.
- Profit margin of 12.2% indicates efficient operations and profitability in the toll road business.
- Gross margin of 39.1% demonstrates the company's ability to manage costs effectively.
- Dividend yield of 5.09% offers an attractive income stream for investors.
Who Are PTJSY's Competitors?
PTJSY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AEGXF Aecon Group Inc. | $32.79 | -2.03% | $2.25B | — |
| BIRDF Bird Construction Inc. | $52.15 | -0.20% | $2.89B | 459-signal |
| BRRAF Barloworld Limited | $5.72 | 0.00% | $1.07B | — |
| BTGRF BTS Group Holdings Public Company Limited | $0.07 | 0.00% | $1.19B | — |
| CKOCF Chudenko Corporation | $27.11 | 0.00% | $1.44B | — |
| AMRC Ameresco, Inc. | $23.78 | +4.34% | $1.26B | 315-pillar |
| WLDN Willdan Group, Inc. | $81.93 | -0.56% | $1.24B | 745-pillar |
| MOPHY Monadelphous Group Limited | $19.50 | 0.00% | $1.96B | 489-signal |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are PTJSY's Key Strengths?
Established market position in the Indonesian toll road sector.
- Extensive network of toll roads connecting major cities and industrial areas.
- Strong relationships with the Indonesian government and regulatory agencies.
- Experienced management team with a proven track record.
What Are PTJSY's Weaknesses?
High dependence on government infrastructure spending.
- Exposure to currency fluctuations and macroeconomic risks in Indonesia.
- Potential for delays and cost overruns in construction projects.
- Vulnerability to changes in government regulations and policies.
What Could Drive PTJSY Stock Higher?
Government infrastructure spending in Indonesia continues to support toll road development and expansion.
- Increasing urbanization and economic growth in Indonesia drive higher traffic volume on toll roads.
- Potential new toll road projects and acquisitions could expand the company's network and revenue base.
- Implementation of new technologies to improve efficiency and reduce operating costs.
- Real estate development projects along toll roads can generate additional revenue streams.
What Are the Key Risks for PTJSY?
Financial-distress signal — its Altman Z-Score of 0.71 sits in the distress zone (elevated bankruptcy risk).
- Changes in government regulations and policies could negatively impact the toll road sector.
- Economic downturns and reduced traffic volume could decrease toll revenue.
- Competition from alternative transportation modes could erode market share.
- Currency fluctuations could affect the value of the ADR for U.S. investors.
- Delays and cost overruns in construction projects could reduce profitability.
What Are the Growth Opportunities for PTJSY?
- Expansion of Toll Road Network: PT Jasa Marga has the opportunity to expand its toll road network through new construction projects and acquisitions. The Indonesian government's focus on infrastructure development provides a supportive environment for growth. The market size for new toll road projects is estimated to be in the billions of dollars over the next decade, with potential for PT Jasa Marga to secure a significant share. This expansion could drive revenue growth and increase the company's market share in the toll road sector. Timeline: Ongoing.
- Real Estate Development: The company can leverage its existing toll road network to develop real estate properties adjacent to its toll roads. This includes commercial, residential, and industrial developments. The market for real estate development along toll roads is substantial, driven by increasing urbanization and demand for convenient access to transportation networks. This diversification strategy can generate additional revenue streams and enhance the company's profitability. Timeline: Ongoing.
- Increased Traffic Volume: As Indonesia's economy grows and urbanization increases, traffic volume on PT Jasa Marga's existing toll roads is expected to rise. This organic growth will contribute to increased toll revenue and profitability. The company can further enhance traffic volume through marketing initiatives and partnerships with transportation providers. The potential increase in revenue from higher traffic volume is significant, given the company's extensive network of toll roads. Timeline: Ongoing.
- Technological Advancements: PT Jasa Marga can adopt new technologies to improve the efficiency and safety of its toll road operations. This includes implementing electronic toll collection systems, intelligent transportation systems, and advanced traffic management technologies. These advancements can reduce operating costs, improve customer satisfaction, and enhance the overall performance of the toll road network. The market for transportation technology is rapidly evolving, providing opportunities for PT Jasa Marga to stay ahead of the curve. Timeline: Ongoing.
- Strategic Partnerships: The company can form strategic partnerships with other infrastructure companies, construction firms, and technology providers to enhance its capabilities and expand its reach. These partnerships can provide access to new markets, technologies, and expertise. Collaboration with other players in the infrastructure sector can create synergies and drive innovation. The potential benefits of strategic partnerships are significant, including increased efficiency, reduced costs, and enhanced competitiveness. Timeline: Ongoing.
What Are PTJSY's Competitive Advantages?
- Government Concessions: Exclusive rights to operate toll roads granted by the Indonesian government create a barrier to entry.
- Extensive Network: The company's established network of toll roads provides a competitive advantage over new entrants.
- High Capital Requirements: The significant capital investment required to develop and construct toll roads deters potential competitors.
- Strategic Locations: Toll roads are strategically located to connect major cities and industrial areas, providing essential transportation infrastructure.
What Does PTJSY Do?
Founded in 1978 and headquartered in Jakarta, Indonesia, PT Jasa Marga (Persero) Tbk has evolved into a key player in Indonesia's infrastructure sector, specifically in the development and management of toll roads. The company's core business revolves around the development, construction, operation, management, and maintenance of toll roads across the Indonesian archipelago. Beyond its primary focus on toll roads, PT Jasa Marga also provides a range of toll road services, including transaction and traffic management, as well as road construction services. The company further diversifies its revenue streams through the rental of toll road equipment and vehicles and the development of real estate properties adjacent to its toll road networks. Currently, PT Jasa Marga operates 13 toll roads, playing a crucial role in facilitating transportation and economic growth in Indonesia. The company's integrated approach, combining toll road operations with related services and property development, positions it as a significant contributor to Indonesia's infrastructure landscape.
What Products and Services Does PTJSY Offer?
- Develops and constructs toll roads in Indonesia.
- Operates and manages toll roads.
- Maintains toll road infrastructure.
- Provides toll road transaction services.
- Offers traffic management services.
- Rents toll road equipment and vehicles.
- Develops real estate properties adjacent to toll roads.
How Does PTJSY Make Money?
- Generates revenue primarily from toll collection on its network of toll roads.
- Earns income from toll road service offerings, including transaction and traffic services.
- Derives revenue from the rental of toll road equipment and vehicles.
- Generates income from real estate development projects along its toll roads.
What Industry Does PTJSY Operate In?
PT Jasa Marga (Persero) Tbk operates within the Indonesian infrastructure sector, specifically in the toll road segment. The industry is characterized by high barriers to entry due to significant capital requirements and regulatory approvals. Market trends include increasing government investment in infrastructure development and growing demand for efficient transportation networks. The competitive landscape includes both domestic and international players, with PT Jasa Marga holding a significant market share due to its established presence and extensive network of toll roads. The Indonesian infrastructure sector is expected to grow in the coming years, driven by urbanization and economic expansion.
Who Are PTJSY's Key Customers?
- Individual vehicle owners using the toll roads.
- Commercial transportation companies and logistics providers.
- Commuters traveling to and from urban areas.
- Businesses located along the toll road network.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in IDR, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 48 |
| 2026-08-26 | 48 |
| 2026-08-29 | 48 |
| 2026-09-01 | 48 |
| 2026-09-04 | 48 |
| 2026-09-07 | 48 |
| 2026-09-10 | 48 |
What changed?
The score has stayed at 48.
Over the same 18 days the stock moved +8.7%.
Company Profile
PT Jasa Marga (Persero) Tbk operates in the Industrial - Infrastructure Operations industry within the Industrials sector. It is headquartered in Jakarta, ID. The company is led by CEO Rivan Achmad Purwantono. PTJSY has traded publicly since 2014.
Key Financial Metrics
Return on equity for PT Jasa Marga (Persero) Tbk stands at 9.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.2%, showing how much profit it generates from its asset base. PTJSY trades at a trailing price-to-earnings ratio of 5.79, below the Industrials sector average of ~28.00x. Its free cash flow yield is 22.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.58 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 18.2%, the inverse of the P/E and a quick read on earnings relative to price.
PTJSY Valuation & Market Position
With a $1.36B market cap, PT Jasa Marga (Persero) Tbk sits in the small-cap segment of the market.
Quarterly Financial Performance: PT Jasa Marga (Persero) Tbk
Revenue for PT Jasa Marga (Persero) Tbk came in at $376.3M during Q2 FY2026, a 3.0% improvement versus the preceding quarter. The company recorded net income of $64.1M, with diluted EPS of $0.18. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Industrials. Across the four most recent quarters, PTJSY averaged $0.14 in diluted EPS.
Financial Health
PT Jasa Marga (Persero) Tbk's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.71 places it in the distress zone, a signal of elevated financial risk.
PTJSY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Established market position in the Indonesian toll road sector.
- Extensive network of toll roads connecting major cities and industrial areas.
- Strong relationships with the Indonesian government and regulatory agencies.
- Experienced management team with a proven track record.
Bear Case
- High dependence on government infrastructure spending.
- Exposure to currency fluctuations and macroeconomic risks in Indonesia.
- Potential for delays and cost overruns in construction projects.
- Vulnerability to changes in government regulations and policies.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $376M | $64M | $0.18 |
| Q1 FY2026 | $365M | $44M | $0.12 |
| Q4 FY2025 | $499M | $53M | $0.15 |
| Q3 FY2025 | $464M | $49M | $0.13 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from IDR at today's rate
PTJSY Latest News
No recent news available for PTJSY.
PTJSY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for PTJSY.
Price Targets
Wall Street price target analysis for PTJSY.
PTJSY MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for PTJSY; grades run from A+ (80-100) to F (below 30).
Leadership: Pramitha Wulanjani
Unknown
Therefore, a detailed career history, education, previous roles, and credentials cannot be provided. Further research would be needed to develop a comprehensive profile.
Track Record: Information on Pramitha Wulanjani's track record is not available in the provided data. Key achievements, strategic decisions, and company milestones under their leadership cannot be provided without further research.
PT Jasa Marga (Persero) Tbk ADR Information Unsponsored
PT Jasa Marga (Persero) Tbk trades as an American Depositary Receipt (ADR) in the United States. An ADR is a certificate representing shares of a foreign company's stock held by a U.S. depositary bank. For PTJSY, each ADR represents a certain number of shares of PT Jasa Marga's stock traded on the Jakarta Stock Exchange, allowing U.S. investors to invest in the company more easily.
- Home Market Ticker: Jakarta Stock Exchange (PTJS), Indonesia
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: PTJS
PTJSY OTC Market Information
PT Jasa Marga (Persero) Tbk trades on the OTC Other tier, which represents the lowest tier of the OTC market. Companies on this tier often have limited financial disclosure and may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investing in OTC Other tier stocks carries higher risks due to the potential for less transparency and regulatory oversight compared to listed companies. Investors should conduct thorough due diligence before investing in OTC Other stocks.
- OTC Tier: OTC Other
- Limited financial disclosure and transparency.
- Low trading volume and liquidity.
- Potential for price manipulation and fraud.
- Higher risk of delisting or trading suspension.
- Lack of regulatory oversight and investor protection.
- Verify the company's registration and legal status.
- Obtain and review audited financial statements.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal proceedings against the company.
- The company has been in operation since 1978.
- It is a Persero (state-owned enterprise) in Indonesia.
- It operates 13 toll roads in Indonesia.
- It has a market capitalization of $1.36B.
- It has a dividend yield of 5.09%.
PTJSY Industrials Stock FAQ
Is PTJSY a good stock?
Stock Expert AI does not rate PTJSY buy, sell or hold. PT Jasa Marga (Persero) Tbk has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What does PT Jasa Marga (Persero) Tbk do?
PT Jasa Marga (Persero) Tbk is primarily involved in the development, construction, operation, and maintenance of toll roads in Indonesia. It generates revenue through toll collection from vehicles using its network of 13 toll roads.
What are the key factors to evaluate for PTJSY?
Evaluate PTJSY on fundamentals, analyst consensus, and risk factors. P/E: 5.79x vs the S&P 500's ~20-25x. With a P/E ratio of 5.79 and a dividend yield of 5.09%, the company offers a blend of value and income potential. Not financial advice.
How frequently does PTJSY data refresh on this page?
PTJSY's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven PTJSY's recent stock price performance?
PT Jasa Marga (Persero) Tbk (PTJSY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established market position in the Indonesian toll road sector. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider PTJSY overvalued or undervalued right now?
PT Jasa Marga (Persero) Tbk (PTJSY) trades at 5.79x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of PTJSY?
Yes, most major brokerages offer fractional shares of PT Jasa Marga (Persero) Tbk (PTJSY) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track PTJSY's earnings and financial reports?
PT Jasa Marga (Persero) Tbk (PTJSY) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for PTJSY earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information on Pramitha Wulanjani's background and track record is limited.