PBATF (PT Bukit Asam (Persero) Tbk) Equity-to-Asset: 0.54 (As of Mar. 2026) — 14% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PBATF PT Bukit Asam (Persero) Tbk PBATF
86 GF Score
Price $0.17
GF Value $0.20
! 6 Warning Signs
View Full Analysis

What is PT Bukit Asam (Persero) Tbk Equity-to-Asset?

PT Bukit Asam (Persero) Tbk PBATF +29.67% 86 Equity-to-Asset is 0.54 as of Mar. 2026, which is 14% below its 10-year median of 0.63. GuruFocus rates PBATF with a GF Score™ of 86/100 and a GF Value™ of $0.20. The stock has 6 warning signs investors should review. Among 186 Other Energy Sources companies, PT Bukit Asam (Persero) Tbk ranks worse than 55.38% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. PT Bukit Asam (Persero) Tbk's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $1,390 Mil. PT Bukit Asam (Persero) Tbk's Total Assets for the quarter that ended in Mar. 2026 was $2,553 Mil. Therefore, PT Bukit Asam (Persero) Tbk's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.54.

The historical rank and industry rank for PT Bukit Asam (Persero) Tbk's Equity-to-Asset or its related term are showing as below:

PBATF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4   Med: 0.63   Max: 0.71
Current: 0.54

During the past 13 years, the highest Equity to Asset Ratio of PT Bukit Asam (Persero) Tbk was 0.71. The lowest was 0.40. And the median was 0.63.

PBATF's Equity-to-Asset is ranked worse than
55.38% of 186 companies
in the Other Energy Sources industry
Industry Median: 0.6 vs PBATF: 0.54

PT Bukit Asam (Persero) Tbk  (OTCPK:PBATF) Equity-to-Asset Explanation

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 Bukit Asam (Persero) Tbk Equity-to-Asset Related Terms


PT Bukit Asam (Persero) Tbk Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for PT Bukit Asam (Persero) Tbk's Equity-to-Asset 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 Bukit Asam (Persero) Tbk Equity-to-Asset Chart

PT Bukit Asam (Persero) Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.63 0.55 0.54 0.51

PT Bukit Asam (Persero) Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.46 0.48 0.51 0.54

PT Bukit Asam (Persero) Tbk Equity-to-Asset Competitor Comparison

For the Thermal Coal subindustry, PT Bukit Asam (Persero) 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 Bukit Asam (Persero) Tbk Equity-to-Asset vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Bukit Asam (Persero) Tbk's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where PT Bukit Asam (Persero) Tbk's Equity-to-Asset falls into.


PBATF
86GF Score
PT Bukit Asam (Persero) Tbk PBATF
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bukit Asam (Persero) Tbk Equity-to-Asset Calculation

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.

PT Bukit Asam (Persero) Tbk's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=1345.756/2628.642
=0.51

PT Bukit Asam (Persero) Tbk's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=1390.08/2553.448
=0.54

* 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 Equity-to-Asset →
What does a Equity-to-Asset of 0.54 mean?
PT Bukit Asam (Persero) Tbk (PBATF) has a Equity-to-Asset of 0.54 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 Bukit Asam (Persero) Tbk and its competitors. This is 14% below median its historical median of 0.63. Over the past decade, PT Bukit Asam (Persero) Tbk's Equity-to-Asset has ranged from 0.40 to 0.71. According to the industry distribution chart, PT Bukit Asam (Persero) Tbk ranks #103 out of 186 companies in the Other Energy Sources industry, placing it in the top 55.4%.
Is PT Bukit Asam (Persero) Tbk's Equity-to-Asset too high?
PT Bukit Asam (Persero) Tbk's current Equity-to-Asset of 0.54 is 14% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.71. The Other Energy Sources industry median Equity-to-Asset is 0.60. PT Bukit Asam (Persero) Tbk's value of 0.54 is 10% below this industry median. Based on the distribution chart, PT Bukit Asam (Persero) Tbk ranks #103 out of 186 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, PT Bukit Asam (Persero) Tbk has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does PT Bukit Asam (Persero) Tbk's Equity-to-Asset compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Bukit Asam (Persero) Tbk ranks #103 out of 186 companies for Equity-to-Asset. This places PT Bukit Asam (Persero) Tbk in the lower half of its industry. The industry median Equity-to-Asset is 0.60. PT Bukit Asam (Persero) Tbk's value of 0.54 is 10% below this benchmark. Historically, PT Bukit Asam (Persero) Tbk's own Equity-to-Asset has ranged from 0.40 to 0.71 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.60, PT Bukit Asam (Persero) 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 an Other Energy Sources company?
The median Equity-to-Asset among Other Energy Sources companies is 0.60, based on 186 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 Bukit Asam (Persero) Tbk's current Equity-to-Asset of 0.54 is 10% 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 Bukit Asam (Persero) Tbk and its competitors. For the Other Energy Sources industry, the median Equity-to-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bukit Asam (Persero) Tbk's current Equity-to-Asset is 0.54, which is 14% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bukit Asam (Persero) Tbk stock overvalued right now?
PT Bukit Asam (Persero) Tbk (PBATF) has a current Equity-to-Asset of 0.54. The stock's GF Value™ is $0.20, compared to a current price of $0.17 — trading 15% below its estimated fair value. The current Equity-to-Asset is 0.54, which is 14% below median its 10-year median of 0.63 and 10% below the Other Energy Sources industry median of 0.60. PT Bukit Asam (Persero) Tbk's overall GF Score™ is 86/100 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 Bukit Asam (Persero) Tbk (PBATF), the current Equity-to-Asset is 0.54 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 Bukit Asam (Persero) Tbk (PBATF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bukit Asam (Persero) Tbk stock appears to be undervalued. The current stock price of $0.17 is trading 15% below its estimated GF Value™ of $0.20.

Key valuation signals for PBATF:

  • Equity-to-Asset: 0.54 (14% below median its 10-year median of 0.63)
  • GF Value™: $0.20 vs. price of $0.17 (15% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 10% below the Other Energy Sources median (#103 of 186)

No single metric tells the full story. See the PBATF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Bukit Asam (Persero) Tbk Business Description

Address Jalan Parigi No. 1, Tanjung Enim, Muara Enim, South Sumatra, 5d356, Palembang, IDN, 31716
PT Bukit Asam (Persero) Tbk operates in Indonesia's energy sector, managing coal reserves and producing coal for domestic and export markets. The operations of the company include logistics and infrastructure for coal distribution via dedicated routes and railways, downstream processing of coal for power generation and derivative products, and development of renewable energy projects, including solar power (PV) and biomass.
86GF Score

Get the complete analysis for PBATF

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.17
Price
$0.20
GF Value