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This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
PT Merdeka Battery Materials Tbk's Enterprise Value for the quarter that ended in Mar. 2026 was Rp105,617,489 Mil.
PT Merdeka Battery Materials Tbk's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp3,918,718 Mil.
* 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 EV-to-EBIT Related Terms
PT Merdeka Battery Materials Tbk EV-to-EBIT 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 EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's EV-to-EBIT falls into.
PT Merdeka Battery Materials Tbk's current Enterprise Value is Rp82,204,141 Mil.
PT Merdeka Battery Materials Tbk's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp3,918,718 Mil.
* 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 EV-to-EBIT of 20.98 as of Aug. 02, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on PT Merdeka Battery Materials Tbk and its competitors. This is 61% below median its historical median of 53.92. Over the past decade, PT Merdeka Battery Materials Tbk's EV-to-EBIT has ranged from 18.79 to 319.57. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #474 out of 668 companies in the Metals & Mining industry, placing it in the top 71%.
Is PT Merdeka Battery Materials Tbk's EV-to-EBIT too high?
PT Merdeka Battery Materials Tbk's current EV-to-EBIT of 20.98 is 61% below median its 10-year median of 53.92. Over the past 10 years, this metric has ranged from a low of 18.79 to a high of 319.57. The Metals & Mining industry median EV-to-EBIT is 11.58. PT Merdeka Battery Materials Tbk's value of 20.98 is 81.2% above this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #474 out of 668 companies in the Metals & Mining industry, which is below 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 EV-to-EBIT compare to HL?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #474 out of 668 companies for EV-to-EBIT. This places PT Merdeka Battery Materials Tbk in the lower half of its industry. The industry median EV-to-EBIT is 11.58. PT Merdeka Battery Materials Tbk's value of 20.98 is 81.2% above this benchmark. Historically, PT Merdeka Battery Materials Tbk's own EV-to-EBIT has ranged from 18.79 to 319.57 over the past decade. While the company's 10-year median is 53.92 vs. the industry median of 11.58, 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 EV-to-EBIT for a Metals & Mining company?
The median EV-to-EBIT among Metals & Mining companies is 11.58, based on 668 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Merdeka Battery Materials Tbk's current EV-to-EBIT of 20.98 is 81.2% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on PT Merdeka Battery Materials Tbk and its competitors. For the Metals & Mining industry, the median EV-to-EBIT is 11.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Battery Materials Tbk's current EV-to-EBIT is 20.98, which is 61% below median its own 10-year median of 53.92. 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 Rp852.97, compared to a current price of Rp505.00 — trading 40.8% below its estimated fair value. The current EV-to-EBIT is 20.98, which is 61% below median its 10-year median of 53.92 and 81.2% above the Metals & Mining industry median of 11.58. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current EV-to-EBIT is 20.98 as of Aug. 02, 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 Rp505.00 is trading 40.8% below its estimated GF Value™ of Rp852.97.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
EV-to-EBIT: 20.98 (61% below median its 10-year median of 53.92)
GF Value™: Rp852.97 vs. price of Rp505.00 (40.8% below fair value)
Industry Position: 81.2% above the Metals & Mining median (#474 of 668)
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.
49GF Score
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