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PT Merdeka Gold Resources TbkISX:EMAS 1 Return-on-Tangible-Asset is -5.68% as of Mar. 2026. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review. Among 2,670 Metals & Mining companies, PT Merdeka Gold Resources Tbk ranks better than 71.5% on this metric.
The historical rank and industry rank for PT Merdeka Gold Resources Tbk's Return-on-Tangible-Asset or its related term are showing as below:
ISX:EMAS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.38 Med: -3.7 Max: -2.33
Current: -2.33
During the past 4 years, PT Merdeka Gold Resources Tbk's highest Return-on-Tangible-Asset was -2.33%. The lowest was -5.38%. And the median was -3.70%.
ISX:EMAS's Return-on-Tangible-Asset is ranked better than 71.5% of 2670
companies
in the Metals & Mining industry
Industry Median: -17.41
vs ISX:EMAS: -2.33
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
PT Merdeka Gold Resources Tbk Return-on-Tangible-Asset Related Terms
PT Merdeka Gold Resources Tbk Return-on-Tangible-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.
ISX:EMAS vs NEM, AU, RGLD: Return-on-Tangible-Asset Comparison
For the Gold subindustry, PT Merdeka Gold Resources Tbk's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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 Gold Resources Tbk Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Gold Resources Tbk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PT Merdeka Gold Resources Tbk's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -5.68% mean?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a Return-on-Tangible-Asset of -5.68% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on PT Merdeka Gold Resources Tbk and its competitors. According to the industry distribution chart, PT Merdeka Gold Resources Tbk ranks #761 out of 2670 companies in the Metals & Mining industry, placing it in the top 28.5%.
Is PT Merdeka Gold Resources Tbk's Return-on-Tangible-Asset too high?
PT Merdeka Gold Resources Tbk's current Return-on-Tangible-Asset is -5.68%. Based on the distribution chart, PT Merdeka Gold Resources Tbk ranks #761 out of 2670 companies in the Metals & Mining industry, which is above the industry midpoint. 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 Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, PT Merdeka Gold Resources Tbk ranks #761 out of 2670 companies for Return-on-Tangible-Asset. This puts PT Merdeka Gold Resources Tbk in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on PT Merdeka Gold Resources Tbk and its competitors. PT Merdeka Gold Resources Tbk's current Return-on-Tangible-Asset is -5.68%. 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 Return-on-Tangible-Asset of -5.68%. The current Return-on-Tangible-Asset is -5.68%. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For PT Merdeka Gold Resources Tbk (ISX:EMAS), the current Return-on-Tangible-Asset is -5.68% 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.
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.
1GF Score
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