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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, PT Merdeka Battery Materials Tbk's enterprise value is Rp83,255,180 Mil.
PT Merdeka Battery Materials Tbk's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was Rp3,936,144 Mil. Therefore, PT Merdeka Battery Materials Tbk's EV-to-EBITDA for today is 21.15.
The historical rank and industry rank for PT Merdeka Battery Materials Tbk's EV-to-EBITDA or its related term are showing as below:
ISX:MBMA'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 18.71 Med: 53.35 Max: 306.28
Current: 21.14
During the past 7 years, the highest EV-to-EBITDA of PT Merdeka Battery Materials Tbk was 306.28. The lowest was 18.71. And the median was 53.35.
ISX:MBMA's EV-to-EBITDA is ranked worse than 74.75% of 693
companies
in the Metals & Mining industry
Industry Median: 10.11
vs ISX:MBMA: 21.14
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.
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 Battery Materials Tbk's PE Ratio (TTM) for today is calculated as:
PT Merdeka Battery Materials Tbk's share price for today is Rp515.00.
PT Merdeka Battery Materials 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 Rp9.684.
* 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).
* 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-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 Battery Materials Tbk EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's EV-to-EBITDA falls into.
PT Merdeka Battery Materials Tbk's current Enterprise Value is Rp83,255,180 Mil.
PT Merdeka Battery Materials 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 Rp3,936,144 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-EBITDA of 21.15 as of Aug. 03, 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 Battery Materials Tbk. This is 60% below median its historical median of 53.35. Over the past decade, PT Merdeka Battery Materials Tbk's EV-to-EBITDA has ranged from 18.71 to 306.28. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #518 out of 693 companies in the Metals & Mining industry, placing it in the top 74.7%.
Is PT Merdeka Battery Materials Tbk's EV-to-EBITDA too high?
PT Merdeka Battery Materials Tbk's current EV-to-EBITDA of 21.15 is 60% below median its 10-year median of 53.35. Over the past 10 years, this metric has ranged from a low of 18.71 to a high of 306.28. The Metals & Mining industry median EV-to-EBITDA is 10.11. PT Merdeka Battery Materials Tbk's value of 21.15 is 109.2% above this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #518 out of 693 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-EBITDA compare to HL?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #518 out of 693 companies for EV-to-EBITDA. This places PT Merdeka Battery Materials Tbk in the lower half of its industry. The industry median EV-to-EBITDA is 10.11. PT Merdeka Battery Materials Tbk's value of 21.15 is 109.2% above this benchmark. Historically, PT Merdeka Battery Materials Tbk's own EV-to-EBITDA has ranged from 18.71 to 306.28 over the past decade. While the company's 10-year median is 53.35 vs. the industry median of 10.11, 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-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 10.11, based on 693 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. PT Merdeka Battery Materials Tbk's current EV-to-EBITDA of 21.15 is 109.2% 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-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 Battery Materials Tbk. For the Metals & Mining industry, the median EV-to-EBITDA is 10.11 — 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-EBITDA is 21.15, which is 60% below median its own 10-year median of 53.35. 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 Rp855.51, compared to a current price of Rp515.00 — trading 39.8% below its estimated fair value. The current EV-to-EBITDA is 21.15, which is 60% below median its 10-year median of 53.35 and 109.2% above the Metals & Mining industry median of 10.11. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current EV-to-EBITDA is 21.15 as of Aug. 03, 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 Rp515.00 is trading 39.8% below its estimated GF Value™ of Rp855.51.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
EV-to-EBITDA: 21.15 (60% below median its 10-year median of 53.35)
GF Value™: Rp855.51 vs. price of Rp515.00 (39.8% below fair value)
Industry Position: 109.2% above the Metals & Mining median (#518 of 693)
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
Get the complete analysis for ISX:MBMA
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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