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- Jasa Marga (Persero)
Jasa Marga (Persero) Valuation Multiples
Discover revenue and EBITDA valuation multiples for Jasa Marga (Persero) and similar public comparables like EcoRodovias, Sdiptech, Infraestrctura Visble, GRK Infra and more.
Jasa Marga (Persero) Overview
About Jasa Marga (Persero)
PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.
Founded
1978
HQ

Employees
7.9K
Website
Sectors
Financials (LTM)
EV
$5B
Jasa Marga (Persero) Financials
Jasa Marga (Persero) reported last 12-month revenue of $1B and EBITDA of $783M.
In the same LTM period, Jasa Marga (Persero) generated $782M in gross profit, $783M in EBITDA, and $249M in net income.
Revenue (LTM)
Jasa Marga (Persero) P&L
In the most recent fiscal year, Jasa Marga (Persero) reported revenue of $2B and EBITDA of $776M.
Jasa Marga (Persero) expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $782M | XXX | $689M | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $783M | XXX | $776M | XXX | XXX | XXX |
| EBITDA Margin | 66% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 47% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | $249M | XXX | $251M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Jasa Marga (Persero) Stock Performance
Jasa Marga (Persero) has current market cap of $1B, and enterprise value of $5B.
Market Cap Evolution
Jasa Marga (Persero)'s stock price is $0.19.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $1B | 0.0% | XXX | XXX | XXX | $0.03 |
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Start Free TrialJasa Marga (Persero) Valuation Multiples
Jasa Marga (Persero) trades at 4.5x EV/Revenue multiple, and 6.9x EV/EBITDA.
EV / Revenue (LTM)
Jasa Marga (Persero) Financial Valuation Multiples
As of April 20, 2026, Jasa Marga (Persero) has market cap of $1B and EV of $5B.
Equity research analysts estimate Jasa Marga (Persero)'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Jasa Marga (Persero) has a P/E ratio of 5.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 4.5x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 6.9x | XXX | 6.9x | XXX | XXX | XXX |
| EV/EBIT | 9.6x | XXX | 9.6x | XXX | XXX | XXX |
| EV/Gross Profit | 6.9x | XXX | 7.8x | XXX | XXX | XXX |
| P/E | 5.5x | XXX | 5.5x | XXX | XXX | XXX |
| EV/FCF | (40.1x) | XXX | (28.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Jasa Marga (Persero) Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Jasa Marga (Persero) Margins & Growth Rates
Jasa Marga (Persero)'s revenue in the last 12 month grew by 5%.
Jasa Marga (Persero)'s revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Jasa Marga (Persero)'s rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Jasa Marga (Persero)'s rule of X is (10%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Jasa Marga (Persero) Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | (30%) | XXX | XXX | XXX |
| EBITDA Margin | 66% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (10%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Jasa Marga (Persero) Public Comps
See public comps and valuation multiples for other Road Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Jasa Marga (Persero) | XXX | XXX | XXX | XXX | XXX | XXX |
| EcoRodovias | XXX | XXX | XXX | XXX | XXX | XXX |
| Sdiptech | XXX | XXX | XXX | XXX | XXX | XXX |
| Infraestrctura Visble | XXX | XXX | XXX | XXX | XXX | XXX |
| GRK Infra | XXX | XXX | XXX | XXX | XXX | XXX |
| Park24 | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Jasa Marga (Persero) M&A Activity
Jasa Marga (Persero) acquired XXX companies to date.
Last acquisition by Jasa Marga (Persero) was on XXXXXXXX, XXXXX. Jasa Marga (Persero) acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Jasa Marga (Persero)
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialJasa Marga (Persero) Investment Activity
Jasa Marga (Persero) invested in XXX companies to date.
Jasa Marga (Persero) made its latest investment on XXXXXXXX, XXXXX. Jasa Marga (Persero) invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Jasa Marga (Persero)
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Jasa Marga (Persero)
| When was Jasa Marga (Persero) founded? | Jasa Marga (Persero) was founded in 1978. |
| Where is Jasa Marga (Persero) headquartered? | Jasa Marga (Persero) is headquartered in Indonesia. |
| How many employees does Jasa Marga (Persero) have? | As of today, Jasa Marga (Persero) has over 7K employees. |
| Is Jasa Marga (Persero) publicly listed? | Yes, Jasa Marga (Persero) is a public company listed on Indonesia Stock Exchange. |
| What is the stock symbol of Jasa Marga (Persero)? | Jasa Marga (Persero) trades under JSMR ticker. |
| When did Jasa Marga (Persero) go public? | Jasa Marga (Persero) went public in 2007. |
| Who are competitors of Jasa Marga (Persero)? | Jasa Marga (Persero) main competitors are EcoRodovias, Sdiptech, Infraestrctura Visble, GRK Infra. |
| What is the current market cap of Jasa Marga (Persero)? | Jasa Marga (Persero)'s current market cap is $1B. |
| What is the current revenue of Jasa Marga (Persero)? | Jasa Marga (Persero)'s last 12 months revenue is $1B. |
| What is the current revenue growth of Jasa Marga (Persero)? | Jasa Marga (Persero) revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Jasa Marga (Persero)? | Current revenue multiple of Jasa Marga (Persero) is 4.5x. |
| Is Jasa Marga (Persero) profitable? | Yes, Jasa Marga (Persero) is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Jasa Marga (Persero)? | Jasa Marga (Persero)'s last 12 months EBITDA is $783M. |
| What is Jasa Marga (Persero)'s EBITDA margin? | Jasa Marga (Persero)'s last 12 months EBITDA margin is 66%. |
| What is the current EV/EBITDA multiple of Jasa Marga (Persero)? | Current EBITDA multiple of Jasa Marga (Persero) is 6.9x. |
| What is the current FCF of Jasa Marga (Persero)? | Jasa Marga (Persero)'s last 12 months FCF is ($134M). |
| What is Jasa Marga (Persero)'s FCF margin? | Jasa Marga (Persero)'s last 12 months FCF margin is (11%). |
| What is the current EV/FCF multiple of Jasa Marga (Persero)? | Current FCF multiple of Jasa Marga (Persero) is (40.1x). |
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