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The historical rank and industry rank for PT Merdeka Battery Materials Tbk's EV-to-FCF or its related term are showing as below:
ISX:MBMA'
s EV-to-FCF Range Over the Past 10 Years
Min: -58.86 Med: -20.71 Max: 241.8
Current: 185.78
During the past 7 years, the highest EV-to-FCF of PT Merdeka Battery Materials Tbk was 241.80. The lowest was -58.86. And the median was -20.71.
ISX:MBMA's EV-to-FCF is ranked worse than 91.48% of 446
companies
in the Metals & Mining industry
Industry Median: 18.445
vs ISX:MBMA: 185.78
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
PT Merdeka Battery Materials Tbk's PE Ratio (TTM) for today is calculated as:
PT Merdeka Battery Materials Tbk's share price for today is Rp505.00.
PT Merdeka Battery Materials Tbk's Earnings per Share (Diluted) 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 Rp9.684.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
PT Merdeka Battery Materials Tbk EV-to-FCF Related Terms
PT Merdeka Battery Materials Tbk EV-to-FCF 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 EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's EV-to-FCF falls into.
PT Merdeka Battery Materials Tbk's current Enterprise Value is Rp82,080,858 Mil.
PT Merdeka Battery Materials 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 Rp447,956 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 Battery Materials Tbk (ISX:MBMA) has a EV-to-FCF of 183.23 as of Jul. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on PT Merdeka Battery Materials Tbk and its competitors. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #408 out of 446 companies in the Metals & Mining industry, placing it in the top 91.5%.
Is PT Merdeka Battery Materials Tbk's EV-to-FCF too high?
PT Merdeka Battery Materials Tbk's current EV-to-FCF is 183.23. The Metals & Mining industry median EV-to-FCF is 18.45. PT Merdeka Battery Materials Tbk's value of 183.23 is 893.4% above this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #408 out of 446 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 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 EV-to-FCF compare to HL and SIND?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #408 out of 446 companies for EV-to-FCF. This places PT Merdeka Battery Materials Tbk in the lower half of its industry. The industry median EV-to-FCF is 18.45. PT Merdeka Battery Materials Tbk's value of 183.23 is 893.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 18.45, based on 446 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Merdeka Battery Materials Tbk's current EV-to-FCF of 183.23 is 893.4% above 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on PT Merdeka Battery Materials Tbk and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Battery Materials Tbk's current EV-to-FCF is 183.23. 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 Rp837.34, compared to a current price of Rp505.00 — trading 39.7% below its estimated fair value. The current EV-to-FCF is 183.23 and 893.4% above the Metals & Mining industry median of 18.45. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current EV-to-FCF is 183.23 as of Jul. 25, 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 Rp505.00 is trading 39.7% below its estimated GF Value™ of Rp837.34.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
EV-to-FCF: 183.23
GF Value™: Rp837.34 vs. price of Rp505.00 (39.7% below fair value)
Industry Position: 893.4% above the Metals & Mining median (#408 of 446)
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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