PT Meratus Jasa Prima Tbk (ISX:KARW) Scaled Net Operating Assets: -2.55 (As of Mar. 2026)


ISX:KARW PT Meratus Jasa Prima Tbk ISX:KARW
65 GF Score
Price Rp212.00
GF Value Rp395.34
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is PT Meratus Jasa Prima Tbk Scaled Net Operating Assets?

PT Meratus Jasa Prima Tbk ISX:KARW 65 Scaled Net Operating Assets is -2.55 as of Mar. 2026. GuruFocus rates ISX:KARW with a GF Score™ of 65/100 and a GF Value™ of Rp395.34 (Possible Value Trap). The stock has 3 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.

PT Meratus Jasa Prima Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp175,117 Mil. PT Meratus Jasa Prima Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp765,681 Mil. PT Meratus Jasa Prima Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp232,029 Mil. Therefore, PT Meratus Jasa Prima Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -2.55.


PT Meratus Jasa Prima Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Meratus Jasa Prima Tbk'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.

PT Meratus Jasa Prima Tbk Scaled Net Operating Assets Chart

PT Meratus Jasa Prima Tbk 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 -1.79 -2.07 -2.17 -2.78 -2.80

PT Meratus Jasa Prima Tbk 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 -2.76 -2.45 -2.40 -2.28 -2.55

PT Meratus Jasa Prima Tbk Scaled Net Operating Assets Competitor Comparison

For the Marine Shipping subindustry, PT Meratus Jasa Prima Tbk'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.


PT Meratus Jasa Prima Tbk Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, PT Meratus Jasa Prima Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Meratus Jasa Prima Tbk's Scaled Net Operating Assets falls into.


ISX:KARW
65GF Score
PT Meratus Jasa Prima Tbk ISX:KARW
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Meratus Jasa Prima Tbk 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.

PT Meratus Jasa Prima Tbk'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 )
=(209356.993-771267.753)/200431.684
=-2.80

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=232028.563 - 22671.57
=209356.993

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=771869.21 - 400.971 - 200.486
=771267.753

PT Meratus Jasa Prima Tbk'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 )
=(175117.236-765680.814)/232028.563
=-2.55

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=219353.637 - 44236.401
=175117.236

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=766070.189 - 186.223 - 203.152
=765680.814

* 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 -2.55 mean?
PT Meratus Jasa Prima Tbk (ISX:KARW) has a Scaled Net Operating Assets of -2.55 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 PT Meratus Jasa Prima Tbk and its competitors.
Is PT Meratus Jasa Prima Tbk's Scaled Net Operating Assets too high?
PT Meratus Jasa Prima Tbk's current Scaled Net Operating Assets is -2.55. Overall, PT Meratus Jasa Prima Tbk has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Meratus Jasa Prima Tbk's Scaled Net Operating Assets compare to competitors?
PT Meratus Jasa Prima Tbk's Scaled Net Operating Assets of -2.55 can be compared against companies in the Transportation 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 Transportation company?
A good Scaled Net Operating Assets depends on the Transportation 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 PT Meratus Jasa Prima Tbk and its competitors. PT Meratus Jasa Prima Tbk's current Scaled Net Operating Assets is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Meratus Jasa Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk (ISX:KARW) is currently considered Possible Value Trap. The stock's GF Value™ is Rp395.34, compared to a current price of Rp212.00 — trading 46.4% below its estimated fair value. The current Scaled Net Operating Assets is -2.55. PT Meratus Jasa Prima Tbk's overall GF Score™ is 65/100 with 3 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 PT Meratus Jasa Prima Tbk (ISX:KARW), the current Scaled Net Operating Assets is -2.55 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 PT Meratus Jasa Prima Tbk (ISX:KARW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk stock appears to be undervalued. The current stock price of Rp212.00 is trading 46.4% below its estimated GF Value™ of Rp395.34. GuruFocus considers PT Meratus Jasa Prima Tbk to be Possible Value Trap.

Key valuation signals for ISX:KARW:

  • Scaled Net Operating Assets: -2.55
  • GF Value™: Rp395.34 vs. price of Rp212.00 (46.4% below fair value)
  • GF Score™: 65/100 with 3 warning signs

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


PT Meratus Jasa Prima Tbk Business Description

Address Jalan Enggano Kel. Tanjung Priok, Kec. Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14310
PT Meratus Jasa Prima Tbk is engaged in transportation consulting activities. The company also engages in supporting business activities in the scope of construction of non-fishery port buildings, dredging, cold storage activities, sea port service activities, wholesale trade in sea transportation equipment, parts and supplies. Its products and services include the management and operation of stevedoring equipment at Terminals 300, 301, 302, and 303 of Tanjung Priok Port to support container handling activities. These services also cover cargodoring, lift on/lift off, and trucking, in accordance with the applicable systems and procedures at port. It operates in single segment of stevedoring services in Port of Tanjung Priok, Jakarta.
65GF Score

Get the complete analysis for ISX:KARW

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

Rp212.00
Price
Rp395.34
GF Value