Tower Bersama (TBIG) Financial Ratio Screen

JKT Communication Services Indonesia IDR 36582938M
RATIOS FAIL*
Automated financial screen · activity assessed separately
Tower Bersama (TBIG) is potentially non-compliant in the automated ratio model. The company's debt ratio of 67.6% exceeds the 30% MSCI new-inclusion threshold relative to total assets. Tower Bersama operates in the Communication Services sector.

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MSCI new-inclusion financial-ratio snapshot

TBIG financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
67.6%
Fail vs 30%
Cash ratio
3.1%
Pass vs 30%
Receivables + cash
7.2%
Pass vs 30%
Impermissible income
0.5%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2024Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Telecom Services) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: PT Tower Bersama Infrastructure Tbk, together with its subsidiaries, engages in central telecommunications construction, telecommunications installations, and telecommunications activities with cables. The company operates through Tower, Repeater, Building, and Fiber Optic segments. It engages in central construction of communication; wholesale trade in telecommunications equipment; residential and industrial building construction; civil construction of roads, bridges, and underpasses; railway tunnel construction; and rental and lease of machinery. The company is also involved in the operation of electricity power supply installations; operation of owned or leased real estate; and repair of electric motors generators, transformers, and telecommunications installations. In addition, it offers data processing, hosting, and related services; internet service provider, data communication system, computer consultancy, and other computer facility management activities; cable telecommunications activities; and other private job training services. The company was formerly known as PT Banyan Mas. PT Tower Bersama Infrastructure Tbk was founded in 2004 and is based in Jakarta Selatan, Indonesia.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 67.6%
/ 30%
3.1%
/ 30%
7.2%
/ 30%
0.47%
/ 5%
RATIOS FAIL*
FTSE 67.6%
/ 33%
3.1%
/ 33%
7.2%
/ 50%
0.47%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
28.1
Forward: 21.8
EPS
$58.38
Dividend Yield
297.0%
Payout: 83.4%
P/B Ratio
3.6
EV/EBITDA
11.7
EV: $67.1T
Revenue
$6.9T
Growth: 0.0%
Beta
-0.2
Low volatility
Current Ratio
0.2

Profitability

Gross Margin 71.7%
Operating Margin 62.6%
Net Margin 18.9%
Return on Equity (ROE) 11.9%
Return on Assets (ROA) 6.0%

Cash Flow & Balance Sheet

Free Cash Flow$2.6T
Total Debt$32.0T
Debt-to-Equity286.8
Current Ratio0.2
Total Assets$47.3T

Price & Trading

Last CloseIDR 1,640.00
50-Day MAIDR 1,737.70
200-Day MAIDR 1,944.35
Avg Volume4.9M
Beta-0.2
52-Week Range
IDR 1,410.00
IDR 2,950.00

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Tower Bersama (TBIG)

CEO
Mr. Hardi Wijaya Liong
Employees
870
Sector
Communication Services
Industry
Telecom Services
Country
Indonesia
Exchange
JKT
Market Cap (listing currency)
IDR 36582938M
Currency
IDR

PT Tower Bersama Infrastructure Tbk, together with its subsidiaries, engages in central telecommunications construction, telecommunications installations, and telecommunications activities with cables. The company operates through Tower, Repeater, Building, and Fiber Optic segments. It engages in central construction of communication; wholesale trade in telecommunications equipment; residential and industrial building construction; civil construction of roads, bridges, and underpasses; railway tunnel construction; and rental and lease of machinery. The company is also involved in the operation of electricity power supply installations; operation of owned or leased real estate; and repair of electric motors generators, transformers, and telecommunications installations. In addition, it offers data processing, hosting, and related services; internet service provider, data communication system, computer consultancy, and other computer facility management activities; cable telecommunications activities; and other private job training services. The company was formerly known as PT Banyan Mas. PT Tower Bersama Infrastructure Tbk was founded in 2004 and is based in Jakarta Selatan, Indonesia.

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Frequently Asked Questions

Is Tower Bersama (TBIG) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Tower Bersama's debt ratio?

Tower Bersama's debt ratio is 67.6% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Tower Bersama's key financial metrics?

Tower Bersama has a market capitalization of IDR 36582938M in its listing currency, trailing P/E ratio of 28.1, and revenue of $6.9T. The company maintains a gross margin of 71.7% and a net margin of 18.9%. Return on equity stands at 11.9%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.