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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 Merdeka Battery Materials Tbk's Debt-to-EBITDA or its related term are showing as below:
ISX:MBMA'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.78 Med: 8.13 Max: 10.33
Current: 4.78
During the past 7 years, the highest Debt-to-EBITDA Ratio of PT Merdeka Battery Materials Tbk was 10.33. The lowest was 4.78. And the median was 8.13.
ISX:MBMA's Debt-to-EBITDA is ranked worse than 79.8% of 594
companies
in the Metals & Mining industry
Industry Median: 1.21
vs ISX:MBMA: 4.78
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 Merdeka Battery Materials Tbk Debt-to-EBITDA Related Terms
PT Merdeka Battery Materials Tbk Debt-to-EBITDA 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.
For the Other Precious Metals & Mining subindustry, PT Merdeka Battery Materials 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 Merdeka Battery Materials Tbk Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's Debt-to-EBITDA falls into.
* 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.
PT Merdeka Battery Materials Tbk (ISX:MBMA) has a Debt-to-EBITDA of 2.47 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 Merdeka Battery Materials Tbk. This is 70% below median its historical median of 8.13. Over the past decade, PT Merdeka Battery Materials Tbk's Debt-to-EBITDA has ranged from 4.78 to 10.33. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #474 out of 594 companies in the Metals & Mining industry, placing it in the top 79.8%.
Is PT Merdeka Battery Materials Tbk's Debt-to-EBITDA too high?
PT Merdeka Battery Materials Tbk's current Debt-to-EBITDA of 2.47 is 70% below median its 10-year median of 8.13. Over the past 10 years, this metric has ranged from a low of 4.78 to a high of 10.33. The Metals & Mining industry median Debt-to-EBITDA is 1.21. PT Merdeka Battery Materials Tbk's value of 2.47 is 104.1% above this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #474 out of 594 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. 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 Debt-to-EBITDA compare to HL?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #474 out of 594 companies for Debt-to-EBITDA. This places PT Merdeka Battery Materials Tbk in the lower half of its industry. The industry median Debt-to-EBITDA is 1.21. PT Merdeka Battery Materials Tbk's value of 2.47 is 104.1% above this benchmark. Historically, PT Merdeka Battery Materials Tbk's own Debt-to-EBITDA has ranged from 4.78 to 10.33 over the past decade. While the company's 10-year median is 8.13 vs. the industry median of 1.21, PT Merdeka Battery Materials 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 Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.21, based on 594 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 Merdeka Battery Materials Tbk's current Debt-to-EBITDA of 2.47 is 104.1% 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 Merdeka Battery Materials Tbk. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Battery Materials Tbk's current Debt-to-EBITDA is 2.47, which is 70% below median its own 10-year median of 8.13. 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 Rp843.69, compared to a current price of Rp496.00 — trading 41.2% below its estimated fair value. The current Debt-to-EBITDA is 2.47, which is 70% below median its 10-year median of 8.13 and 104.1% above the Metals & Mining industry median of 1.21. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 6 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 Merdeka Battery Materials Tbk (ISX:MBMA), the current Debt-to-EBITDA is 2.47 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 Rp496.00 is trading 41.2% below its estimated GF Value™ of Rp843.69.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
Debt-to-EBITDA: 2.47 (70% below median its 10-year median of 8.13)
GF Value™: Rp843.69 vs. price of Rp496.00 (41.2% below fair value)
Industry Position: 104.1% above the Metals & Mining median (#474 of 594)
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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