PT Merdeka Gold Resources Tbk (ISX:EMAS) EV-to-OCF: -332.41 (As of Aug. 27, 2026)

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ISX:EMAS PT Merdeka Gold Resources Tbk ISX:EMAS
1 GF Score
Price Rp9,125.00
! 1 Warning Sign
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What is PT Merdeka Gold Resources Tbk EV-to-OCF?

PT Merdeka Gold Resources Tbk ISX:EMAS +4.58% 1 EV-to-OCF is -332.41 as of Aug. 27, 2026. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review. Among 2,668 Metals & Mining companies, PT Merdeka Gold Resources Tbk ranks better than 97.56% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, PT Merdeka Gold Resources Tbk's Enterprise Value is Rp140,074,814 Mil. PT Merdeka Gold Resources Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was Rp-421,389 Mil. Therefore, PT Merdeka Gold Resources Tbk's EV-to-OCF for today is -332.41.

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

ISX:EMAS' s EV-to-OCF Range Over the Past 10 Years
Min: -37448.18   Med: -677.89   Max: -157.36
Current: -289.65

During the past 4 years, the highest EV-to-OCF of PT Merdeka Gold Resources Tbk was -157.36. The lowest was -37448.18. And the median was -677.89.

ISX:EMAS's EV-to-OCF is ranked better than
97.56% of 2668 companies
in the Metals & Mining industry
Industry Median: -9 vs ISX:EMAS: -289.65

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.

As of today (2026-08-27), PT Merdeka Gold Resources Tbk's stock price is Rp9125.00. 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.


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

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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)
=9125.00/-17.765
=At Loss

PT Merdeka Gold Resources Tbk's share price for today is Rp9125.00.
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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


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


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

* Premium members only.

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

PT Merdeka Gold Resources Tbk Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EV-to-OCF
0.00 0.00 0.00 -269.41

PT Merdeka Gold Resources Tbk Quarterly Data
Dec22 Dec23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
EV-to-OCF Get a 7-Day Free Trial 0.00 0.00 -415.78 -269.41 -299.46

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

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

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

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


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

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

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=140074814.171/-421388.546
=-332.41

PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp140,074,814 Mil.
PT Merdeka Gold Resources Tbk's Cash Flow from Operations 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-421,389 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-OCF →
What does a EV-to-OCF of -332.41 mean?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a EV-to-OCF of -332.41 as of Aug. 27, 2026. According to the industry distribution chart, PT Merdeka Gold Resources Tbk ranks #65 out of 2668 companies in the Metals & Mining industry, placing it in the top 2.4%.
Is PT Merdeka Gold Resources Tbk's EV-to-OCF too high?
PT Merdeka Gold Resources Tbk's current EV-to-OCF is -332.41. Based on the distribution chart, PT Merdeka Gold Resources Tbk ranks #65 out of 2668 companies in the Metals & Mining industry, which is in the top quartile — a strong position 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-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, PT Merdeka Gold Resources Tbk ranks #65 out of 2668 companies for EV-to-OCF. This places PT Merdeka Gold Resources Tbk in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. PT Merdeka Gold Resources Tbk's current EV-to-OCF is -332.41. 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-OCF of -332.41. The current EV-to-OCF is -332.41. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For PT Merdeka Gold Resources Tbk (ISX:EMAS), the current EV-to-OCF is -332.41 as of Aug. 27, 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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Rp9,125.00
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