PT Merdeka Battery Materials Tbk's quarterly construction in progress
declined
from Sep. 2025 (Rp17,250,231 Mil) to Dec. 2025 (Rp9,762,241 Mil) but then
increased
from Dec. 2025 (Rp9,762,241 Mil) to Mar. 2026 (Rp10,499,501 Mil).
PT Merdeka Battery Materials Tbk's annual construction in progress
increased
from Dec. 2023 (Rp11,113,016 Mil) to Dec. 2024 (Rp14,154,784 Mil) but then
declined
from Dec. 2024 (Rp14,154,784 Mil) to Dec. 2025 (Rp9,762,241 Mil).
PT Merdeka Battery Materials Tbk Construction In Progress Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PT Merdeka Battery Materials Tbk Construction In Progress Chart
PT Merdeka Battery Materials Tbk Construction In Progress Calculation
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
What does a Construction In Progress of Rp10,499,501 Mil mean?
PT Merdeka Battery Materials Tbk (ISX:MBMA) has a Construction In Progress of Rp10,499,501 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on PT Merdeka Battery Materials Tbk and its competitors.
Is PT Merdeka Battery Materials Tbk's Construction In Progress too high?
PT Merdeka Battery Materials Tbk's current Construction In Progress is Rp10,499,501 Mil. Overall, PT Merdeka Battery Materials Tbk has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Battery Materials Tbk's Construction In Progress compare to HL and SIND?
PT Merdeka Battery Materials Tbk's Construction In Progress of Rp10,499,501 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on PT Merdeka Battery Materials Tbk and its competitors. PT Merdeka Battery Materials Tbk's current Construction In Progress is Rp10,499,501 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Battery Materials Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk (ISX:MBMA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp801.40, compared to a current price of Rp494.00 — trading 38.4% below its estimated fair value. The current Construction In Progress is Rp10,499,501 Mil. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current Construction In Progress is Rp10,499,501 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PT Merdeka Battery Materials Tbk (ISX:MBMA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk stock appears to be undervalued.
The current stock price of Rp494.00 is trading 38.4% below its estimated GF Value™ of Rp801.40.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
Construction In Progress: Rp10,499,501 Mil
GF Value™: Rp801.40 vs. price of Rp494.00 (38.4% below fair value)
No single metric tells the full story. See the ISX:MBMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Merdeka Battery Materials Tbk Business Description
PT Merdeka Battery Materials Tbk is an integrated battery materials and nickel processing company focused on the electric vehicle (EV) battery value chain in Indonesia. The company engages in nickel mining, smelting, and downstream battery material processing activities. Its business operations include the SCM Mine, RKEF smelters, Nickel Matte operations, AIM Project, IKIP industrial area development, and HPAL projects. The company operates through Mining, Manufacturing, and Other segments, with the majority of revenue generated from the Manufacturing segment.
49GF Score
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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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