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Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
PT Merdeka Battery Materials Tbk Equity-to-Asset Related Terms
PT Merdeka Battery Materials Tbk Equity-to-Asset 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.
For the Other Precious Metals & Mining subindustry, PT Merdeka Battery Materials Tbk's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
* 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 Equity-to-Asset of 0.41 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on PT Merdeka Battery Materials Tbk and its competitors. This is 11% below median its historical median of 0.46. Over the past decade, PT Merdeka Battery Materials Tbk's Equity-to-Asset has ranged from 0.40 to 1.00. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #2072 out of 2672 companies in the Metals & Mining industry, placing it in the top 77.5%.
Is PT Merdeka Battery Materials Tbk's Equity-to-Asset too high?
PT Merdeka Battery Materials Tbk's current Equity-to-Asset of 0.41 is 11% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.00. The Metals & Mining industry median Equity-to-Asset is 0.80. PT Merdeka Battery Materials Tbk's value of 0.41 is 48.8% below this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #2072 out of 2672 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, PT Merdeka Battery Materials Tbk has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Battery Materials Tbk's Equity-to-Asset compare to HL?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #2072 out of 2672 companies for Equity-to-Asset. This places PT Merdeka Battery Materials Tbk in the lower half of its industry. The industry median Equity-to-Asset is 0.80. PT Merdeka Battery Materials Tbk's value of 0.41 is 48.8% below this benchmark. Historically, PT Merdeka Battery Materials Tbk's own Equity-to-Asset has ranged from 0.40 to 1.00 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.80, PT Merdeka Battery Materials Tbk has consistently been below 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 Equity-to-Asset for a Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,672 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Merdeka Battery Materials Tbk's current Equity-to-Asset of 0.41 is 48.8% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on PT Merdeka Battery Materials Tbk and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Battery Materials Tbk's current Equity-to-Asset is 0.41, which is 11% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka 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 Rp855.61, compared to a current price of Rp545.00 — trading 36.3% below its estimated fair value. The current Equity-to-Asset is 0.41, which is 11% below median its 10-year median of 0.46 and 48.8% below the Metals & Mining industry median of 0.80. PT Merdeka Battery Materials Tbk's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current Equity-to-Asset is 0.41 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 Rp545.00 is trading 36.3% below its estimated GF Value™ of Rp855.61.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
Equity-to-Asset: 0.41 (11% below median its 10-year median of 0.46)
GF Value™: Rp855.61 vs. price of Rp545.00 (36.3% below fair value)
Industry Position: 48.8% below the Metals & Mining median (#2072 of 2672)
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.
53GF Score
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