PT Semen Baturaja (Persero) Tbk (ISX:SMBR) Debt-to-Equity: 0.15 (As of Mar. 2026) — 58% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:SMBR PT Semen Baturaja (Persero) Tbk ISX:SMBR
72 GF Score
Price Rp167.00
GF Value Rp275.56
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is PT Semen Baturaja (Persero) Tbk Debt-to-Equity?

PT Semen Baturaja (Persero) Tbk ISX:SMBR +0.60% 72 Debt-to-Equity is 0.15 as of Mar. 2026, which is 58% below its 10-year median of 0.36. GuruFocus rates ISX:SMBR with a GF Score™ of 72/100 and a GF Value™ of Rp275.56 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 373 Building Materials companies, PT Semen Baturaja (Persero) Tbk ranks better than 69.97% on this metric.

PT Semen Baturaja (Persero) Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp222,592 Mil. PT Semen Baturaja (Persero) Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp298,986 Mil. PT Semen Baturaja (Persero) Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2026 was Rp3,429,998 Mil. PT Semen Baturaja (Persero) Tbk's debt to equity for the quarter that ended in Mar. 2026 was 0.15.

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 Semen Baturaja (Persero) Tbk's Debt-to-Equity or its related term are showing as below:

ISX:SMBR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.36   Max: 0.59
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of PT Semen Baturaja (Persero) Tbk was 0.59. The lowest was 0.03. And the median was 0.36.

ISX:SMBR's Debt-to-Equity is ranked better than
69.97% of 373 companies
in the Building Materials industry
Industry Median: 0.35 vs ISX:SMBR: 0.15

PT Semen Baturaja (Persero) Tbk  (ISX:SMBR) 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 Semen Baturaja (Persero) Tbk Debt-to-Equity Related Terms


PT Semen Baturaja (Persero) Tbk Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for PT Semen Baturaja (Persero) 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 Semen Baturaja (Persero) Tbk Debt-to-Equity Chart

PT Semen Baturaja (Persero) Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.48 0.28 0.22 0.15

PT Semen Baturaja (Persero) 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-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 Premium Member Only 0.22 0.19 0.16 0.15 0.15

ISX:SMBR vs CRH, VMC, MLM: Debt-to-Equity Comparison

For the Building Materials subindustry, PT Semen Baturaja (Persero) 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 Semen Baturaja (Persero) Tbk Debt-to-Equity vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Semen Baturaja (Persero) Tbk's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PT Semen Baturaja (Persero) Tbk's Debt-to-Equity falls into.


ISX:SMBR
72GF Score
PT Semen Baturaja (Persero) Tbk ISX:SMBR
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Semen Baturaja (Persero) Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PT Semen Baturaja (Persero) Tbk's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

PT Semen Baturaja (Persero) Tbk's Debt to Equity Ratio for the quarter that ended in Mar. 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 0.15 mean?
PT Semen Baturaja (Persero) Tbk (ISX:SMBR) has a Debt-to-Equity of 0.15 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Semen Baturaja (Persero) Tbk and its competitors. This is 58% below median its historical median of 0.36. Over the past decade, PT Semen Baturaja (Persero) Tbk's Debt-to-Equity has ranged from 0.03 to 0.59. According to the industry distribution chart, PT Semen Baturaja (Persero) Tbk ranks #112 out of 373 companies in the Building Materials industry, placing it in the top 30%.
Is PT Semen Baturaja (Persero) Tbk's Debt-to-Equity too high?
PT Semen Baturaja (Persero) Tbk's current Debt-to-Equity of 0.15 is 58% below median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.59. The Building Materials industry median Debt-to-Equity is 0.35. PT Semen Baturaja (Persero) Tbk's value of 0.15 is 57.1% below this industry median. Based on the distribution chart, PT Semen Baturaja (Persero) Tbk ranks #112 out of 373 companies in the Building Materials industry, which is above the industry midpoint. Overall, PT Semen Baturaja (Persero) Tbk has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Semen Baturaja (Persero) Tbk's Debt-to-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, PT Semen Baturaja (Persero) Tbk ranks #112 out of 373 companies for Debt-to-Equity. This puts PT Semen Baturaja (Persero) Tbk in the upper half of its industry. The industry median Debt-to-Equity is 0.35. PT Semen Baturaja (Persero) Tbk's value of 0.15 is 57.1% below this benchmark. Historically, PT Semen Baturaja (Persero) Tbk's own Debt-to-Equity has ranged from 0.03 to 0.59 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.35, PT Semen Baturaja (Persero) 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 Building Materials company?
The median Debt-to-Equity among Building Materials companies is 0.35, based on 373 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 Semen Baturaja (Persero) Tbk's current Debt-to-Equity of 0.15 is 57.1% 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 Semen Baturaja (Persero) Tbk and its competitors. For the Building Materials industry, the median Debt-to-Equity is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Semen Baturaja (Persero) Tbk's current Debt-to-Equity is 0.15, which is 58% below median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Semen Baturaja (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Semen Baturaja (Persero) Tbk (ISX:SMBR) is currently considered Possible Value Trap. The stock's GF Value™ is Rp275.56, compared to a current price of Rp167.00 — trading 39.4% below its estimated fair value. The current Debt-to-Equity is 0.15, which is 58% below median its 10-year median of 0.36 and 57.1% below the Building Materials industry median of 0.35. PT Semen Baturaja (Persero) Tbk's overall GF Score™ is 72/100 with 4 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 Semen Baturaja (Persero) Tbk (ISX:SMBR), the current Debt-to-Equity is 0.15 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 Semen Baturaja (Persero) Tbk (ISX:SMBR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Semen Baturaja (Persero) Tbk stock appears to be undervalued. The current stock price of Rp167.00 is trading 39.4% below its estimated GF Value™ of Rp275.56. GuruFocus considers PT Semen Baturaja (Persero) Tbk to be Possible Value Trap.

Key valuation signals for ISX:SMBR:

  • Debt-to-Equity: 0.15 (58% below median its 10-year median of 0.36)
  • GF Value™: Rp275.56 vs. price of Rp167.00 (39.4% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 57.1% below the Building Materials median (#112 of 373)

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


PT Semen Baturaja (Persero) Tbk Business Description

Address Jalan Abikusno Cokrosuyoso Kertapati, P.O. Box 1175, Palembang, IDN, 30258
PT Semen Baturaja (Persero) Tbk is an Indonesian-based company engaged in cement manufacturing. Its product portfolio includes Ordinary Portland Cement (OPC) Type II, Ordinary Portland Cement (OPC) Type V, and Ordinary Portland Cement (OPC) Type I. The company's geographical segment includes South Sumatra, Lampung, Jambi, and Jakarta. It generates maximum revenue from the South Sumatra region. The company generates the majority of its revenue from the sale of cement products.
72GF Score

Get the complete analysis for ISX:SMBR

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

Rp167.00
Price
Rp275.56
GF Value