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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2026-08-27), PT Merdeka Battery Materials Tbk's 12-1 Month Momentum % is 23.17%.
ISX:MBMA's 12-1 Month Momentum % is ranked better than 57.05% of 2498
companies
in the Metals & Mining industry
Industry Median: 11.79
vs ISX:MBMA: 23.17
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
For the Other Precious Metals & Mining subindustry, PT Merdeka Battery Materials Tbk's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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 12-1 Month Momentum % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where PT Merdeka Battery Materials Tbk's 12-1 Month Momentum % falls into.
* 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 12-1 Month Momentum % of 23.17% as of Aug. 27, 2026. 12-1 Month Momentum measures the total return of the stock from 12-month ago to 1-month ago. View historical data on PT Merdeka Battery Materials Tbk and its competitors. According to the industry distribution chart, PT Merdeka Battery Materials Tbk ranks #1073 out of 2498 companies in the Metals & Mining industry, placing it in the top 43%.
Is PT Merdeka Battery Materials Tbk's 12-1 Month Momentum % too high?
PT Merdeka Battery Materials Tbk's current 12-1 Month Momentum % is 23.17%. The Metals & Mining industry median 12-1 Month Momentum % is 11.79. PT Merdeka Battery Materials Tbk's value of 23.17% is 96.5% above this industry median. Based on the distribution chart, PT Merdeka Battery Materials Tbk ranks #1073 out of 2498 companies in the Metals & Mining industry, which is above the industry midpoint. 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 12-1 Month Momentum % compare to HL?
According to the Metals & Mining industry distribution chart, PT Merdeka Battery Materials Tbk ranks #1073 out of 2498 companies for 12-1 Month Momentum %. This puts PT Merdeka Battery Materials Tbk in the upper half of its industry. The industry median 12-1 Month Momentum % is 11.79. PT Merdeka Battery Materials Tbk's value of 23.17% is 96.5% 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 12-1 Month Momentum % for a Metals & Mining company?
The median 12-1 Month Momentum % among Metals & Mining companies is 11.79, based on 2,498 companies in the industry. Companies in the top quartile (top 25%) have a 12-1 Month Momentum % significantly above this median, while those in the bottom quartile fall well below. However, 12-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Merdeka Battery Materials Tbk's current 12-1 Month Momentum % of 23.17% is 96.5% 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 12-1 Month Momentum % mean?
A high 12-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 12-1 Month Momentum measures the total return of the stock from 12-month ago to 1-month ago. View historical data on PT Merdeka Battery Materials Tbk and its competitors. For the Metals & Mining industry, the median 12-1 Month Momentum % is 11.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merdeka Battery Materials Tbk's current 12-1 Month Momentum % is 23.17%. 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 Rp855.64, compared to a current price of Rp545.00 — trading 36.3% below its estimated fair value. The current 12-1 Month Momentum % is 23.17% and 96.5% above the Metals & Mining industry median of 11.79. 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 12-1 Month Momentum % calculated?
12-1 Month Momentum % is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current 12-1 Month Momentum % is 23.17% as of Aug. 27, 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 Rp855.64.
GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.
Key valuation signals for ISX:MBMA:
12-1 Month Momentum %: 23.17%
GF Value™: Rp855.64 vs. price of Rp545.00 (36.3% below fair value)
Industry Position: 96.5% above the Metals & Mining median (#1073 of 2498)
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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