Gema Grahasarana Tbk (GEMA) - Net Assets

Latest as of March 2026: Rp431.32 Billion IDR ≈ $25.27 Million USD

Based on the latest financial reports, Gema Grahasarana Tbk (GEMA) has net assets worth Rp431.32 Billion IDR (≈ $25.27 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.22 Trillion ≈ $71.68 Million USD) and total liabilities (Rp792.05 Billion ≈ $46.41 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Gema Grahasarana Tbk total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp431.32 Billion
% of Total Assets	35.26%
Annual Growth Rate	10.29%
5-Year Change	12.48%
10-Year Change	11.07%
Growth Volatility	24.55

Gema Grahasarana Tbk - Net Assets Trend (2002–2025)

This chart illustrates how Gema Grahasarana Tbk's net assets have evolved over time, based on quarterly financial data. Check GEMA tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Gema Grahasarana Tbk (2002–2025)

The table below shows the annual net assets of Gema Grahasarana Tbk from 2002 to 2025. For live valuation and market cap data, see GEMA stock market capitalisation.

Year	Net Assets	Change
2025-12-31	Rp439.23 Billion ≈ $25.74 Million	+3.15%
2024-12-31	Rp425.80 Billion ≈ $24.95 Million	+6.12%
2023-12-31	Rp401.24 Billion ≈ $23.51 Million	+2.45%
2022-12-31	Rp391.65 Billion ≈ $22.95 Million	+0.30%
2021-12-31	Rp390.48 Billion ≈ $22.88 Million	+5.29%
2020-12-31	Rp370.84 Billion ≈ $21.73 Million	-9.17%
2019-12-31	Rp408.27 Billion ≈ $23.92 Million	-4.17%
2018-12-31	Rp426.04 Billion ≈ $24.96 Million	+4.96%
2017-12-31	Rp405.92 Billion ≈ $23.79 Million	+2.64%
2016-12-31	Rp395.46 Billion ≈ $23.17 Million	+110.16%
2015-12-31	Rp188.17 Billion ≈ $11.03 Million	+13.10%
2014-12-31	Rp166.38 Billion ≈ $9.75 Million	+10.43%
2013-12-31	Rp150.66 Billion ≈ $8.83 Million	+6.04%
2012-12-31	Rp142.07 Billion ≈ $8.32 Million	+25.36%
2011-12-31	Rp113.33 Billion ≈ $6.64 Million	+30.82%
2010-12-31	Rp86.63 Billion ≈ $5.08 Million	+43.22%
2009-12-31	Rp60.49 Billion ≈ $3.54 Million	+14.85%
2008-12-31	Rp52.67 Billion ≈ $3.09 Million	-9.86%
2007-12-31	Rp58.43 Billion ≈ $3.42 Million	+16.80%
2006-12-31	Rp50.03 Billion ≈ $2.93 Million	+15.72%
2005-12-31	Rp43.23 Billion ≈ $2.53 Million	+9.60%
2004-12-31	Rp39.44 Billion ≈ $2.31 Million	+2.92%
2003-12-31	Rp38.32 Billion ≈ $2.25 Million	-17.06%
2002-12-31	Rp46.20 Billion ≈ $2.71 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Gema Grahasarana Tbk's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 4451.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Rp296.53 Billion	66.32%
Common Stock	Rp32.00 Billion	7.16%
Other Comprehensive Income	Rp110.93 Billion	24.81%
Other Components	Rp7.66 Billion	1.71%
Total Equity	Rp447.12 Billion	100.00%

Gema Grahasarana Tbk Competitors by Market Cap

The table below lists competitors of Gema Grahasarana Tbk ranked by their market capitalization.

Company	Market Cap
Galilee Energy Ltd AU:GLL	$7.69 Million
Imperial Pacific Ltd AU:IPC	$7.69 Million
Transocean Holdings Bhd KLSE:7218	$7.69 Million
Fatfish Group Ltd AU:FFG	$7.69 Million
Modern Internasional Tbk JK:MDRN	$7.67 Million
Curative Biotechnology Inc NYSE MKT:CUBT	$7.66 Million
ODIGMA CONSULTANCY SOLUTIONS LTD NSE:ODIGMA	$7.65 Million
Rockhopper Exploration LSE:RKH	$7.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gema Grahasarana Tbk's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 433,838,172,000 to 447,120,300,000, a change of 13,282,128,000 (3.1%).
Net income of 21,235,336,000 contributed positively to equity growth.
Dividend payments of 4,800,000,000 reduced retained earnings.
Share repurchases of 286,000,000 reduced equity.
Other comprehensive income decreased equity by 1,675,081,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rp21.24 Billion	+4.75%
Dividends Paid	Rp4.80 Billion	-1.07%
Share Repurchases	Rp286.00 Million	-0.06%
Other Comprehensive Income	Rp-1.68 Billion	-0.37%
Other Changes	Rp-1.19 Billion	-0.27%
Total Change	Rp-	3.06%

Book Value vs Market Value Analysis

This analysis compares Gema Grahasarana Tbk's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.29x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 2.17x to 0.29x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	Rp37.73	Rp82.00	x
2010-12-31	Rp53.97	Rp82.00	x
2011-12-31	Rp70.64	Rp82.00	x
2012-12-31	Rp88.55	Rp82.00	x
2013-12-31	Rp93.91	Rp82.00	x
2014-12-31	Rp103.78	Rp82.00	x
2015-12-31	Rp117.38	Rp82.00	x
2016-12-31	Rp246.67	Rp82.00	x
2017-12-31	Rp1266.93	Rp82.00	x
2018-12-31	Rp266.09	Rp82.00	x
2019-12-31	Rp241.29	Rp82.00	x
2020-12-31	Rp237.22	Rp82.00	x
2021-12-31	Rp249.36	Rp82.00	x
2022-12-31	Rp249.79	Rp82.00	x
2023-12-31	Rp255.81	Rp82.00	x
2024-12-31	Rp271.15	Rp82.00	x
2025-12-31	Rp279.49	Rp82.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gema Grahasarana Tbk utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 4.75%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.42%
• Asset Turnover: 1.27x
• Equity Multiplier: 2.64x
Recent ROE (4.75%) is below the historical average (9.71%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	10.48%	5.16%	1.32x	1.54x	Rp221.92 Million
2004	2.83%	0.91%	1.18x	2.63x	Rp-2.83 Billion
2005	10.08%	1.77%	1.12x	5.09x	Rp35.81 Million
2006	13.58%	2.19%	1.24x	4.99x	Rp1.79 Billion
2007	14.37%	2.25%	1.13x	5.64x	Rp2.55 Billion
2009	9.59%	1.52%	1.19x	5.29x	Rp-248.55 Million
2010	30.10%	5.80%	1.29x	4.03x	Rp17.35 Billion
2011	24.45%	5.33%	1.38x	3.31x	Rp16.34 Billion
2012	20.22%	4.79%	1.39x	3.03x	Rp14.48 Billion
2013	12.31%	2.81%	1.74x	2.51x	Rp3.47 Billion
2014	10.85%	2.85%	1.50x	2.53x	Rp1.42 Billion
2015	13.24%	2.97%	1.87x	2.38x	Rp6.08 Billion
2016	7.78%	3.26%	1.38x	1.73x	Rp-8.75 Billion
2017	5.89%	2.70%	1.09x	2.00x	Rp-16.65 Billion
2018	5.08%	1.84%	1.19x	2.32x	Rp-20.95 Billion
2019	6.69%	1.09%	2.47x	2.49x	Rp-12.76 Billion
2020	0.33%	0.13%	1.01x	2.56x	Rp-36.69 Billion
2021	3.22%	1.16%	1.04x	2.67x	Rp-27.05 Billion
2022	0.17%	0.06%	1.01x	2.74x	Rp-39.27 Billion
2023	3.33%	1.08%	1.15x	2.69x	Rp-27.29 Billion
2024	4.23%	1.28%	1.20x	2.75x	Rp-25.05 Billion
2025	4.75%	1.42%	1.27x	2.64x	Rp-23.48 Billion

Industry Comparison

This section compares Gema Grahasarana Tbk's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.

Industry Context

Industry: Furnishings, Fixtures & Appliances
Average net assets among peers: $876,686,819,092
Average return on equity (ROE) among peers: 1.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gema Grahasarana Tbk (GEMA)	Rp431.32 Billion	10.48%	1.84x	$7.67 Million
Cahaya Bintang Medan Tbk Pt (CBMF)	$250.81 Billion	0.59%	0.41x	$5.49 Million
Chitose Internasional Tbk (CINT)	$326.43 Billion	5.91%	0.22x	$9.90 Million
Kedaung Indah Can Tbk (KICI)	$80.77 Billion	-0.01%	0.97x	$3.12 Million
Imago Mulia Persada Tbk PT (LFLO)	$40.54 Billion	4.25%	0.46x	$36.02 Million
Langgeng Makmur Industri Tbk (LMPI)	$205.96 Billion	-11.95%	2.37x	$8.21 Million
Panca Anugrah Wisesa Tbk PT (MGLV)	$128.17 Billion	-7.04%	0.47x	$937.60 Million
Oscar Mitra Sukses Sejahtera Tbk PT (OLIV)	$16.91 Billion	3.77%	0.82x	$5.68 Million
PT Surya Pertiwi Tbk (SPTO)	$2.36 Trillion	12.15%	0.44x	$94.13 Million
Integra Indocabinet Tbk PT (WOOD)	$4.48 Trillion	3.60%	0.75x	$77.08 Million

About Gema Grahasarana Tbk

JK:GEMA Indonesia Furnishings, Fixtures & Appliances

Market Cap

$7.67 Million

Rp130.95 Billion IDR

Market Cap Rank

#27685 Global

#652 in Indonesia

Share Price

Rp82.00

Change (1 day)

+0.00%

52-Week Range

Rp74.00 - Rp130.00

All Time High

Rp432.14