PT Merdeka Battery Materials Tbk (ISX:MBMA) ROE % Adjusted to Book Value: 0.46% (As of Dec. 2025)


ISX:MBMA PT Merdeka Battery Materials Tbk ISX:MBMA
53 GF Score
Price Rp494.00
GF Value Rp811.02
Valuation Significantly Undervalued
! 6 Warning Signs
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What is PT Merdeka Battery Materials Tbk ROE % Adjusted to Book Value?

PT Merdeka Battery Materials Tbk ISX:MBMA -0.40% 53 ROE % Adjusted to Book Value is 0.46% as of Dec. 2025. GuruFocus rates ISX:MBMA with a GF Score™ of 53/100 and a GF Value™ of Rp811.02 (Significantly Undervalued). The stock has 6 warning signs investors should review.

PT Merdeka Battery Materials Tbk's ROE % for the quarter that ended in Dec. 2025 was 1.08%. PT Merdeka Battery Materials Tbk's PB Ratio for the quarter that ended in Dec. 2025 was 2.33. PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 0.46%.


PT Merdeka Battery Materials Tbk ROE % Adjusted to Book Value Related Terms


PT Merdeka Battery Materials Tbk ROE % Adjusted to Book Value Historical Data

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The historical data trend for PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value can be seen below:

* 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 ROE % Adjusted to Book Value Chart

PT Merdeka Battery Materials Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 0.00 0.00 0.22 0.76 0.82

PT Merdeka Battery Materials Tbk Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 -0.71 1.22 1.87 0.46

ISX:MBMA vs HL, SIND: ROE % Adjusted to Book Value Comparison

For the Other Precious Metals & Mining subindustry, PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value falls into.


ISX:MBMA
53GF Score
PT Merdeka Battery Materials Tbk ISX:MBMA
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Merdeka Battery Materials Tbk ROE % Adjusted to Book Value Calculation

PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=1.92% / 2.33
=0.82%

PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=1.08% / 2.33
=0.46%

* 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.

What does a ROE % Adjusted to Book Value of 0.46% mean?
PT Merdeka Battery Materials Tbk (ISX:MBMA) has a ROE % Adjusted to Book Value of 0.46% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on PT Merdeka Battery Materials Tbk and its competitors.
Is PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value too high?
PT Merdeka Battery Materials Tbk's current ROE % Adjusted to Book Value is 0.46%. 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 ROE % Adjusted to Book Value compare to HL and SIND?
PT Merdeka Battery Materials Tbk's ROE % Adjusted to Book Value of 0.46% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on PT Merdeka Battery Materials Tbk and its competitors. PT Merdeka Battery Materials Tbk's current ROE % Adjusted to Book Value is 0.46%. 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 Rp811.02, compared to a current price of Rp494.00 — trading 39.1% below its estimated fair value. The current ROE % Adjusted to Book Value is 0.46%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current ROE % Adjusted to Book Value is 0.46% as of Dec. 2025. 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 Rp494.00 is trading 39.1% below its estimated GF Value™ of Rp811.02. GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MBMA:

  • ROE % Adjusted to Book Value: 0.46%
  • GF Value™: Rp811.02 vs. price of Rp494.00 (39.1% below fair value)
  • GF Score™: 53/100 with 6 warning signs

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

Address Jalan Jenderal Sudirman Kav. 52-53, Treasury Tower Building, 69th Floor, District 8 SCBD Lot. 28, South Jakarta, Jakarta, IDN, 12190
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

Get the complete analysis for ISX:MBMA

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp494.00
Price
Rp811.02
GF Value