PT Merdeka Gold Resources Tbk (ISX:EMAS) Enterprise Value: Rp87,863,952 Mil (As of Jul. 12, 2026) ***


ISX:EMAS PT Merdeka Gold Resources Tbk ISX:EMAS
1 GF Score
Price Rp5,575.00
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What is PT Merdeka Gold Resources Tbk Enterprise Value?

PT Merdeka Gold Resources Tbk ISX:EMAS +0.45% 1 Enterprise Value is Rp87,863,952 Mil as of Jul. 12, 2026. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, PT Merdeka Gold Resources Tbk's Enterprise Value is Rp87,863,952 Mil. PT Merdeka Gold Resources Tbk's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was Rp-228,128 Mil. Therefore, PT Merdeka Gold Resources Tbk's EV-to-EBIT ratio for today is -385.15.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, PT Merdeka Gold Resources Tbk's Enterprise Value is Rp87,863,952 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 ratio for today is -385.15.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, PT Merdeka Gold Resources Tbk's Enterprise Value is Rp87,863,952 Mil. PT Merdeka Gold Resources Tbk's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was Rp45,096 Mil. Therefore, PT Merdeka Gold Resources Tbk's EV-to-Revenue ratio for today is 1,948.39.

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 Rp87,863,952 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 ratio for today is -208.51.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, PT Merdeka Gold Resources Tbk's Enterprise Value is Rp87,863,952 Mil. PT Merdeka Gold Resources Tbk's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was Rp-1,135,604 Mil. Therefore, PT Merdeka Gold Resources Tbk's EV-to-FCF ratio for today is -77.37.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


PT Merdeka Gold Resources Tbk  (ISX:EMAS) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

PT Merdeka Gold Resources Tbk's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=87863951.658/-228128.16
=-385.15

PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp87,863,952 Mil.
PT Merdeka Gold Resources 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 Rp-228,128 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=87863951.658/-228128.16
=-385.15

PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp87,863,952 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.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

PT Merdeka Gold Resources Tbk's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=87863951.658/45095.576
=1,948.39

PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp87,863,952 Mil.
PT Merdeka Gold Resources Tbk's Revenue 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 Rp45,096 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

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

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=87863951.658/-421388.546
=-208.51

PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp87,863,952 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.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

PT Merdeka Gold Resources Tbk's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=87863951.658/-1135604.124
=-77.37

PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp87,863,952 Mil.
PT Merdeka Gold Resources Tbk's Free Cash Flow 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-1,135,604 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 Gold Resources Tbk Enterprise Value Related Terms


PT Merdeka Gold Resources Tbk Enterprise Value Historical Data

* Premium members only.

The historical data trend for PT Merdeka Gold Resources Tbk's Enterprise Value 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 Enterprise Value Chart

PT Merdeka Gold Resources Tbk Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Enterprise Value
0.00 0.00 0.00 85,841,150.04

PT Merdeka Gold Resources Tbk Quarterly Data
Dec22 Dec23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
Enterprise Value Get a 7-Day Free Trial 0.00 0.00 56,039,400.19 85,841,150.04 126,189,911.42

ISX:EMAS vs NEM, AU, RGLD: Enterprise Value Comparison

For the Gold subindustry, PT Merdeka Gold Resources Tbk's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Metals & Mining Industry

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

* The bar in red indicates where PT Merdeka Gold Resources Tbk's Enterprise Value falls into.


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

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

PT Merdeka Gold Resources Tbk's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

PT Merdeka Gold Resources Tbk's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of Rp87,863,952 Mil mean?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a Enterprise Value of Rp87,863,952 Mil as of Jul. 12, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on PT Merdeka Gold Resources Tbk and its competitors.
Is PT Merdeka Gold Resources Tbk's Enterprise Value too high?
PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp87,863,952 Mil. 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 Enterprise Value compare to NEM and AU?
PT Merdeka Gold Resources Tbk's Enterprise Value of Rp87,863,952 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Metals & Mining company?
A good Enterprise Value depends on the Metals & Mining industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on PT Merdeka Gold Resources Tbk and its competitors. PT Merdeka Gold Resources Tbk's current Enterprise Value is Rp87,863,952 Mil. 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 Enterprise Value of Rp87,863,952 Mil. The current Enterprise Value is Rp87,863,952 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For PT Merdeka Gold Resources Tbk (ISX:EMAS), the current Enterprise Value is Rp87,863,952 Mil as of Jul. 12, 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.
1GF Score

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Rp5,575.00
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