Pt Multi Makmur Lemindo Tbk (ISX:PIPA) Debt-to-Equity: 0.10 (As of Jun. 2026) — 23% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:PIPA Pt Multi Makmur Lemindo Tbk ISX:PIPA
63 GF Score
Price Rp119.00
GF Value Rp32.75
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Pt Multi Makmur Lemindo Tbk Debt-to-Equity?

Pt Multi Makmur Lemindo Tbk ISX:PIPA -4.03% 63 Debt-to-Equity is 0.10 as of Jun. 2026, which is 23% below its 10-year median of 0.13. GuruFocus rates ISX:PIPA with a GF Score™ of 63/100 and a GF Value™ of Rp32.75 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,614 Construction companies, Pt Multi Makmur Lemindo Tbk ranks better than 80.98% on this metric.

Pt Multi Makmur Lemindo Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp2,073 Mil. Pt Multi Makmur Lemindo Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp4,421 Mil. Pt Multi Makmur Lemindo Tbk's Total Stockholders Equity for the quarter that ended in Jun. 2026 was Rp64,181 Mil. Pt Multi Makmur Lemindo Tbk's debt to equity for the quarter that ended in Jun. 2026 was 0.10.

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 Multi Makmur Lemindo Tbk's Debt-to-Equity or its related term are showing as below:

ISX:PIPA' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.53   Med: 0.13   Max: 48.28
Current: 0.09

During the past 7 years, the highest Debt-to-Equity Ratio of Pt Multi Makmur Lemindo Tbk was 48.28. The lowest was -11.53. And the median was 0.13.

ISX:PIPA's Debt-to-Equity is ranked better than
80.98% of 1614 companies
in the Construction industry
Industry Median: 0.4 vs ISX:PIPA: 0.09

Pt Multi Makmur Lemindo Tbk  (ISX:PIPA) Debt-to-Equity Explanation

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


Be Aware

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 Multi Makmur Lemindo Tbk Debt-to-Equity Related Terms


Pt Multi Makmur Lemindo Tbk Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Pt Multi Makmur Lemindo Tbk's Debt-to-Equity 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 Multi Makmur Lemindo Tbk Debt-to-Equity Chart

Pt Multi Makmur Lemindo Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial 48.28 0.63 0.18 0.13 0.11

Pt Multi Makmur Lemindo Tbk Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity 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 0.11 0.10 0.11 0.09 0.10

ISX:PIPA vs TT, JCI, CARR: Debt-to-Equity Comparison

For the Building Products & Equipment subindustry, Pt Multi Makmur Lemindo 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 Multi Makmur Lemindo Tbk Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Pt Multi Makmur Lemindo Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pt Multi Makmur Lemindo Tbk's Debt-to-Equity falls into.


ISX:PIPA
63GF Score
Pt Multi Makmur Lemindo Tbk ISX:PIPA
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pt Multi Makmur Lemindo Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pt Multi Makmur Lemindo Tbk's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Pt Multi Makmur Lemindo Tbk's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.10 mean?
Pt Multi Makmur Lemindo Tbk (ISX:PIPA) has a Debt-to-Equity of 0.10 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pt Multi Makmur Lemindo Tbk and its competitors. This is 23% below median its historical median of 0.13. According to the industry distribution chart, Pt Multi Makmur Lemindo Tbk ranks #307 out of 1614 companies in the Construction industry, placing it in the top 19%.
Is Pt Multi Makmur Lemindo Tbk's Debt-to-Equity too high?
Pt Multi Makmur Lemindo Tbk's current Debt-to-Equity of 0.10 is 23% below median its 10-year median of 0.13. The Construction industry median Debt-to-Equity is 0.40. Pt Multi Makmur Lemindo Tbk's value of 0.10 is 75% below this industry median. Based on the distribution chart, Pt Multi Makmur Lemindo Tbk ranks #307 out of 1614 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Pt Multi Makmur Lemindo Tbk has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pt Multi Makmur Lemindo Tbk's Debt-to-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Pt Multi Makmur Lemindo Tbk ranks #307 out of 1614 companies for Debt-to-Equity. This places Pt Multi Makmur Lemindo Tbk in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.40. Pt Multi Makmur Lemindo Tbk's value of 0.10 is 75% below this benchmark. While the company's 10-year median is 0.13 vs. the industry median of 0.40, Pt Multi Makmur Lemindo Tbk has consistently been below 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,614 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 Multi Makmur Lemindo Tbk's current Debt-to-Equity of 0.10 is 75% below 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 Multi Makmur Lemindo Tbk and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pt Multi Makmur Lemindo Tbk's current Debt-to-Equity is 0.10, which is 23% below median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pt Multi Makmur Lemindo Tbk stock overvalued right now?
Based on GuruFocus' analysis, Pt Multi Makmur Lemindo Tbk (ISX:PIPA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp32.75, compared to a current price of Rp119.00 — trading 263.4% above its estimated fair value. The current Debt-to-Equity is 0.10, which is 23% below median its 10-year median of 0.13 and 75% below the Construction industry median of 0.40. Pt Multi Makmur Lemindo Tbk's overall GF Score™ is 63/100 with 2 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 Multi Makmur Lemindo Tbk (ISX:PIPA), the current Debt-to-Equity is 0.10 as of Jun. 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 Multi Makmur Lemindo Tbk (ISX:PIPA) Overvalued in 2026?

Based on GuruFocus' analysis, Pt Multi Makmur Lemindo Tbk stock appears to be overvalued. The current stock price of Rp119.00 is trading 263.4% above its estimated GF Value™ of Rp32.75. GuruFocus considers Pt Multi Makmur Lemindo Tbk to be Significantly Overvalued.

Key valuation signals for ISX:PIPA:

  • Debt-to-Equity: 0.10 (23% below median its 10-year median of 0.13)
  • GF Value™: Rp32.75 vs. price of Rp119.00 (263.4% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 75% below the Construction median (#307 of 1614)

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


Pt Multi Makmur Lemindo Tbk Business Description

Address Jl. Sultan Iskandar Muda No.70, Kedaung Baru, Neglasari Tangerang, Banten, Tangerang, IDN, 15128
Pt Multi Makmur Lemindo Tbk is engaged in the engaged in manufacturing building materials made of PVC-based plastic such as PVC pipes, PVC fittings, PVC Hose, Cast Buckets and Water Tanks by toll-free at other factories using its patented brand.
63GF Score

Get the complete analysis for ISX:PIPA

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

Rp119.00
Price
Rp32.75
GF Value