ANTAM (Persero) Tbk PT (ISX:ANTM) Scaled Net Operating Assets: 0.72 (As of Mar. 2026)


ISX:ANTM ANTAM (Persero) Tbk PT ISX:ANTM
94 GF Score
Price Rp2,930.00
GF Value Rp3,663.52
Valuation Modestly Undervalued
! 6 Warning Signs
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What is ANTAM (Persero) Tbk PT Scaled Net Operating Assets?

ANTAM (Persero) Tbk PT ISX:ANTM -0.34% 94 Scaled Net Operating Assets is 0.72 as of Mar. 2026. GuruFocus rates ISX:ANTM with a GF Score™ of 94/100 and a GF Value™ of Rp3,663.52 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ANTAM (Persero) Tbk PT's operating assets for the quarter that ended in Mar. 2026 was Rp52,088,843 Mil. ANTAM (Persero) Tbk PT's operating liabilities for the quarter that ended in Mar. 2026 was Rp14,158,254 Mil. ANTAM (Persero) Tbk PT's Total Assets for the quarter that ended in Dec. 2025 was Rp52,530,405 Mil. Therefore, ANTAM (Persero) Tbk PT's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.72.


ANTAM (Persero) Tbk PT Scaled Net Operating Assets Historical Data

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The historical data trend for ANTAM (Persero) Tbk PT's Scaled Net Operating Assets 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.

ANTAM (Persero) Tbk PT Scaled Net Operating Assets Chart

ANTAM (Persero) Tbk PT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 0.66 0.59 0.54 0.68

ANTAM (Persero) Tbk PT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 Premium Member Only Premium Member Only Premium Member Only 0.54 0.49 0.61 0.63 0.72

ISX:ANTM vs NEM, AU, RGLD: Scaled Net Operating Assets Comparison

For the Gold subindustry, ANTAM (Persero) Tbk PT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


ANTAM (Persero) Tbk PT Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, ANTAM (Persero) Tbk PT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where ANTAM (Persero) Tbk PT's Scaled Net Operating Assets falls into.


ISX:ANTM
94GF Score
ANTAM (Persero) Tbk PT ISX:ANTM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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ANTAM (Persero) Tbk PT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ANTAM (Persero) Tbk PT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(41818484-11373616)/44522645
=0.68

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=52530405 - 10711921
=41818484

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=15930519 - 2974200 - 1582703
=11373616

ANTAM (Persero) Tbk PT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(52088843-14158254)/52530405
=0.72

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=63295662 - 11206819
=52088843

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22889651 - 2996988 - 5734409
=14158254

* 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 Scaled Net Operating Assets of 0.72 mean?
ANTAM (Persero) Tbk PT (ISX:ANTM) has a Scaled Net Operating Assets of 0.72 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ANTAM (Persero) Tbk PT and its competitors.
Is ANTAM (Persero) Tbk PT's Scaled Net Operating Assets too high?
ANTAM (Persero) Tbk PT's current Scaled Net Operating Assets is 0.72. Overall, ANTAM (Persero) Tbk PT has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ANTAM (Persero) Tbk PT's Scaled Net Operating Assets compare to NEM and AU?
ANTAM (Persero) Tbk PT's Scaled Net Operating Assets of 0.72 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 Scaled Net Operating Assets for a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ANTAM (Persero) Tbk PT and its competitors. ANTAM (Persero) Tbk PT's current Scaled Net Operating Assets is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANTAM (Persero) Tbk PT stock overvalued right now?
Based on GuruFocus' analysis, ANTAM (Persero) Tbk PT (ISX:ANTM) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp3,663.52, compared to a current price of Rp2,930.00 — trading 20% below its estimated fair value. The current Scaled Net Operating Assets is 0.72. ANTAM (Persero) Tbk PT's overall GF Score™ is 94/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For ANTAM (Persero) Tbk PT (ISX:ANTM), the current Scaled Net Operating Assets is 0.72 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.

Is ANTAM (Persero) Tbk PT (ISX:ANTM) Overvalued in 2026?

Based on GuruFocus' analysis, ANTAM (Persero) Tbk PT stock appears to be undervalued. The current stock price of Rp2,930.00 is trading 20% below its estimated GF Value™ of Rp3,663.52. GuruFocus considers ANTAM (Persero) Tbk PT to be Modestly Undervalued.

Key valuation signals for ISX:ANTM:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: Rp3,663.52 vs. price of Rp2,930.00 (20% below fair value)
  • GF Score™: 94/100 with 6 warning signs

No single metric tells the full story. See the ISX:ANTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ANTAM (Persero) Tbk PT Business Description

Other Exchanges AKTA:GermanyATM:Australia
Address Jalan Letjen T.B. Simatupang No. 1, Gedung Aneka Tambang Tower A, Lingkar Selatan, Tanjung Barat, Jakarta, IDN, 12530
ANTAM (Persero) Tbk PT is a vertically integrated, export-oriented, diversified mining and metals company, from upstream to downstream. Its business activities include exploration, excavation, processing through to marketing of nickel ore, ferronickel, gold, silver, and bauxite commodities.
94GF Score

Get the complete analysis for ISX:ANTM

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp2,930.00
Price
Rp3,663.52
GF Value