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PT Merdeka Battery Materials Tbk's earnings per share without non-recurring items for the
three
months ended in Mar. 2026 was Rp4.74.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was Rp9.68.
During the past 12 months, PT Merdeka Battery Materials Tbk's average earnings per share (NRI) Growth Rate was 294.90% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 65.30% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for PT Merdeka Battery Materials Tbk's EPS without NRI or its related term are showing as below:
ISX:MBMA'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 65.3 Med: 65.3 Max: 65.3
Current: 65.3
During the past 7 years, PT Merdeka Battery Materials Tbk's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 65.30% per year. The lowest was 65.30% per year. And the median was 65.30% per year.
ISX:MBMA's 3-Year EPS without NRI Growth Rate is ranked better than 95.2% of 1957
companies
in the Metals & Mining industry
Industry Median: 16.7
vs ISX:MBMA: 65.30
PT Merdeka Battery Materials Tbk (ISX:MBMA) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
PT Merdeka Battery Materials Tbk EPS without NRI Related Terms
PT Merdeka Battery Materials Tbk EPS without NRI 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.
PT Merdeka Battery Materials Tbk EPS without NRI Chart
For the Other Precious Metals & Mining subindustry, PT Merdeka Battery Materials Tbk's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's PE Ratio without NRI falls into.
PT Merdeka Battery Materials Tbk EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI 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 Rp9.68
* 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 EPS without NRI of Rp9.68 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on PT Merdeka Battery Materials Tbk and its competitors. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #94 out of 1957 companies in the Metals & Mining industry, placing it in the top 4.8%.
Is PT Merdeka Battery Materials Tbk's EPS without NRI too high?
PT Merdeka Battery Materials Tbk's current EPS without NRI is Rp9.68. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #94 out of 1957 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. 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 EPS without NRI compare to HL and SIND?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #94 out of 1957 companies for EPS without NRI. This places PT Merdeka Battery Materials Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 16.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Metals & Mining company?
The median EPS without NRI among Metals & Mining companies is 16.70, based on 1,957 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on PT Merdeka Battery Materials Tbk and its competitors. For the Metals & Mining industry, the median EPS without NRI is 16.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Battery Materials Tbk's current EPS without NRI is Rp9.68. 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 Rp806.13, compared to a current price of Rp500.00 — trading 38% below its estimated fair value. The current EPS without NRI is Rp9.68. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current EPS without NRI is Rp9.68 as of Mar. 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 Rp500.00 is trading 38% below its estimated GF Value™ of Rp806.13.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
EPS without NRI: Rp9.68
GF Value™: Rp806.13 vs. price of Rp500.00 (38% below fair value)
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 Business Description
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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EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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