PT Merdeka Gold Resources TbkISX:EMAS +0.45%1 PB Ratio is 13.18 as of Jul. 12, 2026, which is 20% below its 10-year median of 16.53. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review. Among 2,357 Metals & Mining companies, PT Merdeka Gold Resources Tbk ranks worse than 92.24% on this metric.
The historical rank and industry rank for PT Merdeka Gold Resources Tbk's PB Ratio or its related term are showing as below:
ISX:EMAS'
s PB Ratio Range Over the Past 10 Years
Min: 11.31 Med: 16.53 Max: 21.99
Current: 13.18
During the past 4 years, PT Merdeka Gold Resources Tbk's highest PB Ratio was 21.99. The lowest was 11.31. And the median was 16.53.
ISX:EMAS's PB Ratio is ranked worse than 92.24% of 2357
companies
in the Metals & Mining industry
Industry Median: 2.22
vs ISX:EMAS: 13.18
During the past 12 months, PT Merdeka Gold Resources Tbk's average Book Value Per Share Growth Rate was 42.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 34.80% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of PT Merdeka Gold Resources Tbk was 34.80% per year. The lowest was 34.80% per year. And the median was 34.80% per year.
Back to Basics: PB Ratio
PT Merdeka Gold Resources Tbk (ISX:EMAS) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
PT Merdeka Gold Resources Tbk PB Ratio Related Terms
PT Merdeka Gold Resources Tbk PB Ratio 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 Gold subindustry, PT Merdeka Gold Resources Tbk's PB Ratio, along with its competitors' market caps and PB Ratio 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 Gold Resources Tbk PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Gold Resources Tbk's PB Ratio distribution charts can be found below:
* The bar in red indicates where PT Merdeka Gold Resources Tbk's PB Ratio falls into.
PT Merdeka Gold Resources Tbk PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a PB Ratio of 13.18 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PT Merdeka Gold Resources Tbk and its competitors. This is 20% below median its historical median of 16.53. Over the past decade, PT Merdeka Gold Resources Tbk's PB Ratio has ranged from 11.31 to 21.99. According to the industry distribution chart, PT Merdeka Gold Resources Tbk ranks #2174 out of 2357 companies in the Metals & Mining industry, placing it in the top 92.2%.
Is PT Merdeka Gold Resources Tbk's PB Ratio too high?
PT Merdeka Gold Resources Tbk's current PB Ratio of 13.18 is 20% below median its 10-year median of 16.53. Over the past 10 years, this metric has ranged from a low of 11.31 to a high of 21.99. The Metals & Mining industry median PB Ratio is 2.22. PT Merdeka Gold Resources Tbk's value of 13.18 is 493.7% above this industry median. Based on the distribution chart, PT Merdeka Gold Resources Tbk ranks #2174 out of 2357 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, PT Merdeka Gold Resources Tbk has a GF Score™ of 1/100, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Gold Resources Tbk's PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, PT Merdeka Gold Resources Tbk ranks #2174 out of 2357 companies for PB Ratio. This places PT Merdeka Gold Resources Tbk in the lower half of its industry. The industry median PB Ratio is 2.22. PT Merdeka Gold Resources Tbk's value of 13.18 is 493.7% above this benchmark. Historically, PT Merdeka Gold Resources Tbk's own PB Ratio has ranged from 11.31 to 21.99 over the past decade. While the company's 10-year median is 16.53 vs. the industry median of 2.22, PT Merdeka Gold Resources Tbk has consistently been above 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 PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.22, based on 2,357 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Merdeka Gold Resources Tbk's current PB Ratio of 13.18 is 493.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PT Merdeka Gold Resources Tbk and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Gold Resources Tbk's current PB Ratio is 13.18, which is 20% below median its own 10-year median of 16.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Gold Resources Tbk stock overvalued right now?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a current PB Ratio of 13.18. The current PB Ratio is 13.18, which is 20% below median its 10-year median of 16.53 and 493.7% above the Metals & Mining industry median of 2.22. PT Merdeka Gold Resources Tbk's overall GF Score™ is 1/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For PT Merdeka Gold Resources Tbk (ISX:EMAS), the current PB Ratio is 13.18 as of Jul. 12, 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.
PT Merdeka Gold Resources Tbk Business Description
PT Merdeka Gold Resources Tbk operates as a holding company overseeing a group engaged in gold mining and associated minerals, processing operations, and other vertically integrated related activities. Its products include gold products in the form of semi-finished gold bars produced from gold mining and ore processing activities, by-products derived from the gold processing activities, including silver contained in the dore bullion, integrated mining services and activities, covering exploration, mining, processing, and initial refining activities conducted through EMAS Group, and supporting mining-related services, including mine management, mining infrastructure, and other related activities within a vertically integrated value chain. It operates in single segment.
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