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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for PT Merdeka Battery Materials Tbk's Debt-to-Equity or its related term are showing as below:
ISX:MBMA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.47 Max: 0.69
Current: 0.69
During the past 7 years, the highest Debt-to-Equity Ratio of PT Merdeka Battery Materials Tbk was 0.69. The lowest was 0.32. And the median was 0.47.
ISX:MBMA's Debt-to-Equity is ranked worse than 80.54% of 1223
companies
in the Metals & Mining industry
Industry Median: 0.14
vs ISX:MBMA: 0.69
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
PT Merdeka Battery Materials Tbk Debt-to-Equity Related Terms
PT Merdeka Battery Materials Tbk Debt-to-Equity 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-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's Debt-to-Equity 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.
PT Merdeka Battery Materials Tbk (ISX:MBMA) has a Debt-to-Equity of 0.69 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Merdeka Battery Materials Tbk and its competitors. This is 47% above median its historical median of 0.47. Over the past decade, PT Merdeka Battery Materials Tbk's Debt-to-Equity has ranged from 0.32 to 0.69. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #985 out of 1223 companies in the Metals & Mining industry, placing it in the top 80.5%.
Is PT Merdeka Battery Materials Tbk's Debt-to-Equity too high?
PT Merdeka Battery Materials Tbk's current Debt-to-Equity of 0.69 is 47% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.69. The Metals & Mining industry median Debt-to-Equity is 0.14. PT Merdeka Battery Materials Tbk's value of 0.69 is 392.9% above this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #985 out of 1223 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 53/100 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-Equity compare to HL?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #985 out of 1223 companies for Debt-to-Equity. This places PT Merdeka Battery Materials Tbk in the lower half of its industry. The industry median Debt-to-Equity is 0.14. PT Merdeka Battery Materials Tbk's value of 0.69 is 392.9% above this benchmark. Historically, PT Merdeka Battery Materials Tbk's own Debt-to-Equity has ranged from 0.32 to 0.69 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.14, 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-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,223 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity of 0.69 is 392.9% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Merdeka Battery Materials Tbk and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — 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-Equity is 0.69, which is 47% above median its own 10-year median of 0.47. 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 Rp861.09, compared to a current price of Rp530.00 — trading 38.5% below its estimated fair value. The current Debt-to-Equity is 0.69, which is 47% above median its 10-year median of 0.47 and 392.9% above the Metals & Mining industry median of 0.14. PT Merdeka Battery Materials Tbk's overall GF Score™ is 53/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current Debt-to-Equity is 0.69 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 Rp530.00 is trading 38.5% below its estimated GF Value™ of Rp861.09.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
Debt-to-Equity: 0.69 (47% above median its 10-year median of 0.47)
GF Value™: Rp861.09 vs. price of Rp530.00 (38.5% below fair value)
Industry Position: 392.9% above the Metals & Mining median (#985 of 1223)
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 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.
53GF Score
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