PSGTY (PT Semen Indonesia (Persero) Tbk) Debt-to-Equity: 0.23 (As of Mar. 2026) — 38% 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.

PSGTY PT Semen Indonesia (Persero) Tbk PSGTY
56 GF Score
Price $1.50
GF Value $3.81
Valuation Possible Value Trap
! 7 Warning Signs
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What is PT Semen Indonesia (Persero) Tbk Debt-to-Equity?

PT Semen Indonesia (Persero) Tbk PSGTY 56 Debt-to-Equity is 0.23 as of Mar. 2026, which is 38% below its 10-year median of 0.37. GuruFocus rates PSGTY with a GF Score™ of 56/100 and a GF Value™ of $3.81 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 366 Building Materials companies, PT Semen Indonesia (Persero) Tbk ranks better than 62.57% on this metric.

PT Semen Indonesia (Persero) Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $240 Mil. PT Semen Indonesia (Persero) Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $356 Mil. PT Semen Indonesia (Persero) Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $2,572 Mil. PT Semen Indonesia (Persero) Tbk's debt to equity for the quarter that ended in Mar. 2026 was 0.23.

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

PSGTY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18   Med: 0.37   Max: 1.11
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of PT Semen Indonesia (Persero) Tbk was 1.11. The lowest was 0.18. And the median was 0.37.

PSGTY's Debt-to-Equity is ranked better than
62.57% of 366 companies
in the Building Materials industry
Industry Median: 0.355 vs PSGTY: 0.23

PT Semen Indonesia (Persero) Tbk  (OTCPK:PSGTY) 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 Indonesia (Persero) Tbk Debt-to-Equity Related Terms


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

* Premium members only.

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

PT Semen Indonesia (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 0.53 0.39 0.37 0.25 0.24

PT Semen Indonesia (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 0.25 0.26 0.25 0.24 0.23

PSGTY vs CRH, VMC, MLM: Debt-to-Equity Comparison

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

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

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


PSGTY
56GF Score
PT Semen Indonesia (Persero) Tbk PSGTY
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Semen Indonesia (Persero) Tbk Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

PT Semen Indonesia (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 0.23 mean?
PT Semen Indonesia (Persero) Tbk (PSGTY) has a Debt-to-Equity of 0.23 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Semen Indonesia (Persero) Tbk and its competitors. This is 38% below median its historical median of 0.37. Over the past decade, PT Semen Indonesia (Persero) Tbk's Debt-to-Equity has ranged from 0.18 to 1.11. According to the industry distribution chart, PT Semen Indonesia (Persero) Tbk ranks #137 out of 366 companies in the Building Materials industry, placing it in the top 37.4%.
Is PT Semen Indonesia (Persero) Tbk's Debt-to-Equity too high?
PT Semen Indonesia (Persero) Tbk's current Debt-to-Equity of 0.23 is 38% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.11. The Building Materials industry median Debt-to-Equity is 0.36. PT Semen Indonesia (Persero) Tbk's value of 0.23 is 35.2% below this industry median. Based on the distribution chart, PT Semen Indonesia (Persero) Tbk ranks #137 out of 366 companies in the Building Materials industry, which is above the industry midpoint. Overall, PT Semen Indonesia (Persero) Tbk has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Semen Indonesia (Persero) Tbk's Debt-to-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, PT Semen Indonesia (Persero) Tbk ranks #137 out of 366 companies for Debt-to-Equity. This puts PT Semen Indonesia (Persero) Tbk in the upper half of its industry. The industry median Debt-to-Equity is 0.36. PT Semen Indonesia (Persero) Tbk's value of 0.23 is 35.2% below this benchmark. Historically, PT Semen Indonesia (Persero) Tbk's own Debt-to-Equity has ranged from 0.18 to 1.11 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.36, PT Semen Indonesia (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 0.36, based on 366 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 Indonesia (Persero) Tbk's current Debt-to-Equity of 0.23 is 35.2% 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 Indonesia (Persero) Tbk and its competitors. For the Building Materials industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Semen Indonesia (Persero) Tbk's current Debt-to-Equity is 0.23, which is 38% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Semen Indonesia (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Semen Indonesia (Persero) Tbk (PSGTY) is currently considered Possible Value Trap. The stock's GF Value™ is $3.81, compared to a current price of $1.50 — trading 60.6% below its estimated fair value. The current Debt-to-Equity is 0.23, which is 38% below median its 10-year median of 0.37 and 35.2% below the Building Materials industry median of 0.36. PT Semen Indonesia (Persero) Tbk's overall GF Score™ is 56/100 with 7 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 Indonesia (Persero) Tbk (PSGTY), the current Debt-to-Equity is 0.23 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 Indonesia (Persero) Tbk (PSGTY) Overvalued in 2026?

Based on GuruFocus' analysis, PT Semen Indonesia (Persero) Tbk stock appears to be undervalued. The current stock price of $1.50 is trading 60.6% below its estimated GF Value™ of $3.81. GuruFocus considers PT Semen Indonesia (Persero) Tbk to be Possible Value Trap.

Key valuation signals for PSGTY:

  • Debt-to-Equity: 0.23 (38% below median its 10-year median of 0.37)
  • GF Value™: $3.81 vs. price of $1.50 (60.6% below fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 35.2% below the Building Materials median (#137 of 366)

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


PT Semen Indonesia (Persero) Tbk Business Description

Address Jalan R.A. Kartini Kav. 8, South Quarter, Tower A, Lantai 19th - 20th Floor, Cilandak Barat, South Jakarta, Jakarta, IDN, 12430
PT Semen Indonesia (Persero) Tbk is engaged in the manufacturing industry, especially cement & its derivatives, other building materials, and related business activities both upstream and downstream. The company operates in two segments; the Cement Production Segment produces and markets cement products in Indonesia, and Vietnam, as well as various export destination countries, including Bangladesh, Australia, the Philippines, Taiwan, China, and several other countries, and The non-cement production segment, consists of mining limestone and clay, manufacturing packaging bags, developing industrial estates, finished and ready-to-use concrete, information system services, logistics, and trading. It generates a majority of its revenue from the cement production segment.
56GF Score

Get the complete analysis for PSGTY

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

$1.50
Price
$3.81
GF Value