PT Merdeka Gold Resources Tbk (ISX:EMAS) EV-to-EBITDA: -451.46 (As of Jul. 31, 2026)

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ISX:EMAS PT Merdeka Gold Resources Tbk ISX:EMAS
1 GF Score
Price Rp6,600.00
! 1 Warning Sign
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What is PT Merdeka Gold Resources Tbk EV-to-EBITDA?

PT Merdeka Gold Resources Tbk ISX:EMAS +4.76% 1 EV-to-EBITDA is -451.46 as of Jul. 31, 2026. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review. Among 692 Metals & Mining companies, PT Merdeka Gold Resources Tbk ranks worse than 144508.53% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, PT Merdeka Gold Resources Tbk's enterprise value is Rp102,990,356 Mil. PT Merdeka Gold Resources Tbk's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was Rp-228,128 Mil. Therefore, PT Merdeka Gold Resources Tbk's EV-to-EBITDA for today is -451.46.

The historical rank and industry rank for PT Merdeka Gold Resources Tbk's EV-to-EBITDA or its related term are showing as below:

ISX:EMAS' s EV-to-EBITDA Range Over the Past 10 Years
Min: -11748.18   Med: -609.4   Max: -315.91
Current: -451.47

During the past 4 years, the highest EV-to-EBITDA of PT Merdeka Gold Resources Tbk was -315.91. The lowest was -11748.18. And the median was -609.40.

ISX:EMAS's EV-to-EBITDA is ranked worse than
100% of 692 companies
in the Metals & Mining industry
Industry Median: 10 vs ISX:EMAS: -451.47

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-07-31), PT Merdeka Gold Resources Tbk's stock price is Rp6600.00. PT Merdeka Gold Resources Tbk's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was Rp-17.765. Therefore, PT Merdeka Gold Resources Tbk's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


PT Merdeka Gold Resources Tbk  (ISX:EMAS) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

PT Merdeka Gold Resources Tbk's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=6600.00/-17.765
=At Loss

PT Merdeka Gold Resources Tbk's share price for today is Rp6600.00.
PT Merdeka Gold Resources Tbk's Earnings per Share (Diluted) 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 Rp-17.765.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


PT Merdeka Gold Resources Tbk EV-to-EBITDA Related Terms


PT Merdeka Gold Resources Tbk EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PT Merdeka Gold Resources Tbk's EV-to-EBITDA 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 Gold Resources Tbk EV-to-EBITDA Chart

PT Merdeka Gold Resources Tbk Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
0.00 0.00 0.00 -439.18

PT Merdeka Gold Resources Tbk Quarterly Data
Dec22 Dec23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial 0.00 0.00 -1,087.26 -439.18 -553.15

ISX:EMAS vs NEM, AU, RGLD: EV-to-EBITDA Comparison

For the Gold subindustry, PT Merdeka Gold Resources Tbk's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 Gold Resources Tbk EV-to-EBITDA vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Merdeka Gold Resources Tbk's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Merdeka Gold Resources Tbk's EV-to-EBITDA falls into.


ISX:EMAS
1GF Score
PT Merdeka Gold Resources Tbk ISX:EMAS
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Merdeka Gold Resources Tbk EV-to-EBITDA Calculation

PT Merdeka Gold Resources Tbk's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=102990356.219/-228128.16
=-451.46

PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp102,990,356 Mil.
PT Merdeka Gold Resources Tbk's EBITDA 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 Rp-228,128 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of -451.46 mean?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a EV-to-EBITDA of -451.46 as of Jul. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on PT Merdeka Gold Resources Tbk. According to the industry distribution chart, PT Merdeka Gold Resources Tbk ranks #999999 out of 692 companies in the Metals & Mining industry.
Is PT Merdeka Gold Resources Tbk's EV-to-EBITDA too high?
PT Merdeka Gold Resources Tbk's current EV-to-EBITDA is -451.46. Based on the distribution chart, PT Merdeka Gold Resources Tbk ranks #999999 out of 692 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, PT Merdeka Gold Resources Tbk has a GF Score™ of 1/100, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Gold Resources Tbk's EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, PT Merdeka Gold Resources Tbk ranks #999999 out of 692 companies for EV-to-EBITDA. This places PT Merdeka Gold Resources Tbk in the lower half of its industry. The industry median EV-to-EBITDA is 10.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 10.00, based on 692 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on PT Merdeka Gold Resources Tbk. For the Metals & Mining industry, the median EV-to-EBITDA is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Gold Resources Tbk's current EV-to-EBITDA is -451.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Gold Resources Tbk stock overvalued right now?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a current EV-to-EBITDA of -451.46. The current EV-to-EBITDA is -451.46. PT Merdeka Gold Resources Tbk's overall GF Score™ is 1/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For PT Merdeka Gold Resources Tbk (ISX:EMAS), the current EV-to-EBITDA is -451.46 as of Jul. 31, 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.

PT Merdeka Gold Resources Tbk Business Description

Other Exchanges 06228:Hong Kong
Address Jl. Jend. Sudirman, Kav. 52-53, Senayan, Treasury Tower, Lantai 67/67th Floor, District 8 SCBD Lot. 28, Kebayoran Baru, Jakarta Selatan, IDN, 12190
PT Merdeka Gold Resources Tbk operates as a holding company overseeing a group engaged in gold mining and associated minerals, processing operations, and other vertically integrated related activities. Its products include gold products in the form of semi-finished gold bars produced from gold mining and ore processing activities, by-products derived from the gold processing activities, including silver contained in the dore bullion, integrated mining services and activities, covering exploration, mining, processing, and initial refining activities conducted through EMAS Group, and supporting mining-related services, including mine management, mining infrastructure, and other related activities within a vertically integrated value chain. It operates in single segment.
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp6,600.00
Price