PT Merdeka Battery Materials Tbk (ISX:MBMA) EBITDA Margin %: 24.70% (As of Mar. 2026) — 237% Above Median


ISX:MBMA PT Merdeka Battery Materials Tbk ISX:MBMA
49 GF Score
Price Rp494.00
GF Value Rp801.40
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is PT Merdeka Battery Materials Tbk EBITDA Margin %?

PT Merdeka Battery Materials Tbk ISX:MBMA -0.40% 49 EBITDA Margin % is 24.70% as of Mar. 2026, which is 237% above its 10-year median of 7.34. GuruFocus rates ISX:MBMA with a GF Score™ of 49/100 and a GF Value™ of Rp801.40 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 841 Metals & Mining companies, PT Merdeka Battery Materials Tbk ranks better than 60.29% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. PT Merdeka Battery Materials Tbk's EBITDA for the three months ended in Mar. 2026 was Rp1,903,520 Mil. PT Merdeka Battery Materials Tbk's Revenue for the three months ended in Mar. 2026 was Rp7,705,125 Mil. Therefore, PT Merdeka Battery Materials Tbk's EBITDA margin for the quarter that ended in Mar. 2026 was 24.70%.


PT Merdeka Battery Materials Tbk  (ISX:MBMA) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


PT Merdeka Battery Materials Tbk EBITDA Margin % Related Terms


PT Merdeka Battery Materials Tbk EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for PT Merdeka Battery Materials Tbk's EBITDA Margin % 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 Merdeka Battery Materials Tbk EBITDA Margin % Chart

PT Merdeka Battery Materials Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial 0.00 13.08 4.03 5.35 9.33

PT Merdeka Battery Materials Tbk Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % 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 3.03 10.70 13.21 10.86 24.70

ISX:MBMA vs HL, SIND: EBITDA Margin % Comparison

For the Other Precious Metals & Mining subindustry, PT Merdeka Battery Materials Tbk's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where PT Merdeka Battery Materials Tbk's EBITDA Margin % falls into.


ISX:MBMA
49GF Score
PT Merdeka Battery Materials Tbk ISX:MBMA
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Merdeka Battery Materials Tbk EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

PT Merdeka Battery Materials Tbk's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2237234.503/23966689.333
=9.33 %

PT Merdeka Battery Materials Tbk's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1903519.613/7705124.515
=24.70 %

* 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 EBITDA Margin % →
What does a EBITDA Margin % of 24.70% mean?
PT Merdeka Battery Materials Tbk (ISX:MBMA) has a EBITDA Margin % of 24.70% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on PT Merdeka Battery Materials Tbk and its competitors. This is 237% above median its historical median of 7.34. Over the past decade, PT Merdeka Battery Materials Tbk's EBITDA Margin % has ranged from 4.03 to 15.50. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #334 out of 841 companies in the Metals & Mining industry, placing it in the top 39.7%.
Is PT Merdeka Battery Materials Tbk's EBITDA Margin % too high?
PT Merdeka Battery Materials Tbk's current EBITDA Margin % of 24.70% is 237% above median its 10-year median of 7.34. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 15.50. The Metals & Mining industry median EBITDA Margin % is 9.19. PT Merdeka Battery Materials Tbk's value of 24.70% is 168.8% above this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #334 out of 841 companies in the Metals & Mining industry, which is above the industry midpoint. 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 EBITDA Margin % compare to HL and SIND?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #334 out of 841 companies for EBITDA Margin %. This puts PT Merdeka Battery Materials Tbk in the upper half of its industry. The industry median EBITDA Margin % is 9.19. PT Merdeka Battery Materials Tbk's value of 24.70% is 168.8% above this benchmark. Historically, PT Merdeka Battery Materials Tbk's own EBITDA Margin % has ranged from 4.03 to 15.50 over the past decade. While the company's 10-year median is 7.34 vs. the industry median of 9.19, 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 EBITDA Margin % for a Metals & Mining company?
The median EBITDA Margin % among Metals & Mining companies is 9.19, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Merdeka Battery Materials Tbk's current EBITDA Margin % of 24.70% is 168.8% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on PT Merdeka Battery Materials Tbk and its competitors. For the Metals & Mining industry, the median EBITDA Margin % is 9.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Battery Materials Tbk's current EBITDA Margin % is 24.70%, which is 237% above median its own 10-year median of 7.34. 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 Rp801.40, compared to a current price of Rp494.00 — trading 38.4% below its estimated fair value. The current EBITDA Margin % is 24.70%, which is 237% above median its 10-year median of 7.34 and 168.8% above the Metals & Mining industry median of 9.19. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current EBITDA Margin % is 24.70% 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 Rp494.00 is trading 38.4% below its estimated GF Value™ of Rp801.40. GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MBMA:

  • EBITDA Margin %: 24.70% (237% above median its 10-year median of 7.34)
  • GF Value™: Rp801.40 vs. price of Rp494.00 (38.4% below fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 168.8% above the Metals & Mining median (#334 of 841)

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

Address Jalan Jenderal Sudirman Kav. 52-53, Treasury Tower Building, 69th Floor, District 8 SCBD Lot. 28, South Jakarta, Jakarta, IDN, 12190
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

Get the complete analysis for ISX:MBMA

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp494.00
Price
Rp801.40
GF Value