PT Indoritel Makmur Internasional Tbk (ISX:DNET) Debt-to-EBITDA : 3.02 (As of Mar. 2026) — 11% Below Median


ISX:DNET PT Indoritel Makmur Internasional Tbk ISX:DNET
74 GF Score
Price Rp9,800.00
GF Value Rp10,000.47
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is PT Indoritel Makmur Internasional Tbk Debt-to-EBITDA?

PT Indoritel Makmur Internasional Tbk ISX:DNET -5.77% 74 Debt-to-EBITDA is 3.02 as of Mar. 2026, which is 11% below its 10-year median of 3.41. GuruFocus rates ISX:DNET with a GF Score™ of 74/100 and a GF Value™ of Rp10,000.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 304 Telecommunication Services companies, PT Indoritel Makmur Internasional Tbk ranks worse than 59.54% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

PT Indoritel Makmur Internasional Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp985,932 Mil. PT Indoritel Makmur Internasional Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp5,938,545 Mil. PT Indoritel Makmur Internasional Tbk's annualized EBITDA for the quarter that ended in Mar. 2026 was Rp2,293,728 Mil. PT Indoritel Makmur Internasional Tbk's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.02.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA or its related term are showing as below:

ISX:DNET' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.2   Med: 3.41   Max: 9.72
Current: 2.65

During the past 13 years, the highest Debt-to-EBITDA Ratio of PT Indoritel Makmur Internasional Tbk was 9.72. The lowest was 0.20. And the median was 3.41.

ISX:DNET's Debt-to-EBITDA is ranked worse than
59.54% of 304 companies
in the Telecommunication Services industry
Industry Median: 2 vs ISX:DNET: 2.65

PT Indoritel Makmur Internasional Tbk  (ISX:DNET) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


PT Indoritel Makmur Internasional Tbk Debt-to-EBITDA Related Terms


PT Indoritel Makmur Internasional Tbk Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA can be seen below:

* 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 Indoritel Makmur Internasional Tbk Debt-to-EBITDA Chart

PT Indoritel Makmur Internasional Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.43 2.61 3.38 2.78 2.79

PT Indoritel Makmur Internasional Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.14 2.36 2.59 2.38 3.02

ISX:DNET vs TMUS, VZ, T: Debt-to-EBITDA Comparison

For the Telecom Services subindustry, PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Indoritel Makmur Internasional Tbk Debt-to-EBITDA vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA falls into.


ISX:DNET
74GF Score
PT Indoritel Makmur Internasional Tbk ISX:DNET
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indoritel Makmur Internasional Tbk Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(812190 + 6272597) / 2539371
=2.79

PT Indoritel Makmur Internasional Tbk's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(985932 + 5938545) / 2293728
=3.02

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.02 mean?
PT Indoritel Makmur Internasional Tbk (ISX:DNET) has a Debt-to-EBITDA of 3.02 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PT Indoritel Makmur Internasional Tbk. This is 11% below median its historical median of 3.41. Over the past decade, PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA has ranged from 0.20 to 9.72. According to the industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #181 out of 304 companies in the Telecommunication Services industry, placing it in the top 59.5%.
Is PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA too high?
PT Indoritel Makmur Internasional Tbk's current Debt-to-EBITDA of 3.02 is 11% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 9.72. The Telecommunication Services industry median Debt-to-EBITDA is 2.00. PT Indoritel Makmur Internasional Tbk's value of 3.02 is 51% above this industry median. Based on the distribution chart, PT Indoritel Makmur Internasional Tbk ranks #181 out of 304 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, PT Indoritel Makmur Internasional Tbk has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indoritel Makmur Internasional Tbk's Debt-to-EBITDA compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #181 out of 304 companies for Debt-to-EBITDA. This places PT Indoritel Makmur Internasional Tbk in the lower half of its industry. The industry median Debt-to-EBITDA is 2.00. PT Indoritel Makmur Internasional Tbk's value of 3.02 is 51% above this benchmark. Historically, PT Indoritel Makmur Internasional Tbk's own Debt-to-EBITDA has ranged from 0.20 to 9.72 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 2.00, PT Indoritel Makmur Internasional Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Telecommunication Services company?
The median Debt-to-EBITDA among Telecommunication Services companies is 2.00, based on 304 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Indoritel Makmur Internasional Tbk's current Debt-to-EBITDA of 3.02 is 51% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PT Indoritel Makmur Internasional Tbk. For the Telecommunication Services industry, the median Debt-to-EBITDA is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indoritel Makmur Internasional Tbk's current Debt-to-EBITDA is 3.02, which is 11% below median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indoritel Makmur Internasional Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk (ISX:DNET) is currently considered Fairly Valued. The stock's GF Value™ is Rp10,000.47, compared to a current price of Rp9,800.00 — trading 2% below its estimated fair value. The current Debt-to-EBITDA is 3.02, which is 11% below median its 10-year median of 3.41 and 51% above the Telecommunication Services industry median of 2.00. PT Indoritel Makmur Internasional Tbk's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For PT Indoritel Makmur Internasional Tbk (ISX:DNET), the current Debt-to-EBITDA is 3.02 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 Indoritel Makmur Internasional Tbk (ISX:DNET) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk stock appears to be undervalued. The current stock price of Rp9,800.00 is trading 2% below its estimated GF Value™ of Rp10,000.47. GuruFocus considers PT Indoritel Makmur Internasional Tbk to be Fairly Valued.

Key valuation signals for ISX:DNET:

  • Debt-to-EBITDA: 3.02 (11% below median its 10-year median of 3.41)
  • GF Value™: Rp10,000.47 vs. price of Rp9,800.00 (2% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 51% above the Telecommunication Services median (#181 of 304)

No single metric tells the full story. See the ISX:DNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Indoritel Makmur Internasional Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 70-71, Gedung Wisma Indocement Lantai 10, South Jakarta, Jakarta, IDN, 12910
PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers.
74GF Score

Get the complete analysis for ISX:DNET

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp9,800.00
Price
Rp10,000.47
GF Value