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.
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.
PT Merdeka Copper Gold TbkPMCGF 92 Equity-to-Asset is 0.14 as of Mar. 2026, which is 69% below its 10-year median of 0.45. GuruFocus rates PMCGF with a GF Score™ of 92/100 and a GF Value™ of $0.12. The stock has 6 warning signs investors should review. Among 2,670 Metals & Mining companies, PT Merdeka Copper Gold Tbk ranks worse than 86.97% on this metric.
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 Copper Gold Tbk Equity-to-Asset Related Terms
PT Merdeka Copper Gold 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 Industrial Metals & Mining subindustry, PT Merdeka Copper Gold 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 Copper Gold Tbk Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Copper Gold Tbk's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where PT Merdeka Copper Gold 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.
PT Merdeka Copper Gold Tbk's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
PT Merdeka Copper Gold Tbk (PMCGF) has a Equity-to-Asset of 0.14 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 Copper Gold Tbk and its competitors. This is 69% below median its historical median of 0.45. Over the past decade, PT Merdeka Copper Gold Tbk's Equity-to-Asset has ranged from 0.14 to 0.67. According to the industry distribution chart, PT Merdeka Copper Gold Tbk ranks #2322 out of 2670 companies in the Metals & Mining industry, placing it in the top 87%.
Is PT Merdeka Copper Gold Tbk's Equity-to-Asset too high?
PT Merdeka Copper Gold Tbk's current Equity-to-Asset of 0.14 is 69% below median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.67. The Metals & Mining industry median Equity-to-Asset is 0.80. PT Merdeka Copper Gold Tbk's value of 0.14 is 82.5% below this industry median. Based on the distribution chart, PT Merdeka Copper Gold Tbk ranks #2322 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, PT Merdeka Copper Gold Tbk has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Copper Gold Tbk's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, PT Merdeka Copper Gold Tbk ranks #2322 out of 2670 companies for Equity-to-Asset. This places PT Merdeka Copper Gold Tbk in the lower half of its industry. The industry median Equity-to-Asset is 0.80. PT Merdeka Copper Gold Tbk's value of 0.14 is 82.5% below this benchmark. Historically, PT Merdeka Copper Gold Tbk's own Equity-to-Asset has ranged from 0.14 to 0.67 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 0.80, PT Merdeka Copper Gold 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 2,670 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 Copper Gold Tbk's current Equity-to-Asset of 0.14 is 82.5% 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 Copper Gold 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 Copper Gold Tbk's current Equity-to-Asset is 0.14, which is 69% below median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Copper Gold Tbk stock overvalued right now?
PT Merdeka Copper Gold Tbk (PMCGF) has a current Equity-to-Asset of 0.14. The stock's GF Value™ is $0.12, compared to a current price of $0.10 — trading 16.7% below its estimated fair value. The current Equity-to-Asset is 0.14, which is 69% below median its 10-year median of 0.45 and 82.5% below the Metals & Mining industry median of 0.80. PT Merdeka Copper Gold Tbk's overall GF Score™ is 92/100 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 Copper Gold Tbk (PMCGF), the current Equity-to-Asset is 0.14 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 Copper Gold Tbk (PMCGF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Merdeka Copper Gold Tbk stock appears to be undervalued.
The current stock price of $0.10 is trading 16.7% below its estimated GF Value™ of $0.12.
Key valuation signals for PMCGF:
Equity-to-Asset: 0.14 (69% below median its 10-year median of 0.45)
GF Value™: $0.12 vs. price of $0.10 (16.7% below fair value)
Industry Position: 82.5% below the Metals & Mining median (#2322 of 2670)
No single metric tells the full story. See the PMCGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressJalan Jenderal Sudirman Kav. 52-53, Treasury Tower, 67th-68th Floor, District 8 SCBD Lot. 28, Senayan, Kebayoran Baru, South Jakarta, Jakarta, IDN, 12190
PT Merdeka Copper Gold Tbk is a holding company. Along with its subsidiary, the company engages in the field of mining and other management consultancy activities. The company's gold projects consist of the Tujuh Bukit Gold Mine and the Pani Gold Project. The copper projects include Wetar Copper Mine and Tujuh Bukit Copper Project. The Nickel project comprises SCM Mine, RKEF Smelters, Nickel Matte Converter, AIM Project, HPAL Facilities, and IKIP. The majority of the company's revenue is generated by the Nickel segment.
92GF Score
Get the complete analysis for PMCGF
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PMCGF has been successfully added to your 
