PT Krakatau Steel (Persero) Tbk (ISX:KRAS) Scaled Net Operating Assets: 0.71 (As of Mar. 2026)

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ISX:KRAS PT Krakatau Steel (Persero) Tbk ISX:KRAS
44 GF Score
Price Rp228.00
GF Value Rp147.89
Valuation Significantly Overvalued
! 7 Warning Signs
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What is PT Krakatau Steel (Persero) Tbk Scaled Net Operating Assets?

PT Krakatau Steel (Persero) Tbk ISX:KRAS +5.56% 44 Scaled Net Operating Assets is 0.71 as of Mar. 2026. GuruFocus rates ISX:KRAS with a GF Score™ of 44/100 and a GF Value™ of Rp147.89 (Significantly Overvalued). The stock has 7 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 Krakatau Steel (Persero) Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp47,991,197 Mil. PT Krakatau Steel (Persero) Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp15,362,542 Mil. PT Krakatau Steel (Persero) Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp46,208,786 Mil. Therefore, PT Krakatau Steel (Persero) Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.71.


PT Krakatau Steel (Persero) Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Krakatau Steel (Persero) 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 Krakatau Steel (Persero) Tbk Scaled Net Operating Assets Chart

PT Krakatau Steel (Persero) 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 0.80 0.67 0.61 0.69 0.63

PT Krakatau Steel (Persero) 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 0.68 0.64 0.63 0.63 0.71

ISX:KRAS vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, PT Krakatau Steel (Persero) 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 Krakatau Steel (Persero) Tbk Scaled Net Operating Assets vs Steel Industry

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

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


ISX:KRAS
44GF Score
PT Krakatau Steel (Persero) Tbk ISX:KRAS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Krakatau Steel (Persero) 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 Krakatau Steel (Persero) 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 )
=(45173662.219-15863866.998)/46417534.204
=0.63

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=46208785.609 - 1035123.39
=45173662.219

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=34087615.509 - 14061017.765 - 4162730.746
=15863866.998

PT Krakatau Steel (Persero) 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 )
=(47991196.736-15362542.112)/46208785.609
=0.71

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=49270869.661 - 1279672.925
=47991196.736

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36647090.691 - 14959284.904 - 6325263.675
=15362542.112

* 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 0.71 mean?
PT Krakatau Steel (Persero) Tbk (ISX:KRAS) has a Scaled Net Operating Assets of 0.71 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 Krakatau Steel (Persero) Tbk and its competitors.
Is PT Krakatau Steel (Persero) Tbk's Scaled Net Operating Assets too high?
PT Krakatau Steel (Persero) Tbk's current Scaled Net Operating Assets is 0.71. Overall, PT Krakatau Steel (Persero) Tbk has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Krakatau Steel (Persero) Tbk's Scaled Net Operating Assets compare to NUE and STLD?
PT Krakatau Steel (Persero) Tbk's Scaled Net Operating Assets of 0.71 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 Krakatau Steel (Persero) Tbk and its competitors. PT Krakatau Steel (Persero) Tbk's current Scaled Net Operating Assets is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Krakatau Steel (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Krakatau Steel (Persero) Tbk (ISX:KRAS) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp147.89, compared to a current price of Rp228.00 — trading 54.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.71. PT Krakatau Steel (Persero) Tbk's overall GF Score™ is 44/100 with 7 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 Krakatau Steel (Persero) Tbk (ISX:KRAS), the current Scaled Net Operating Assets is 0.71 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 Krakatau Steel (Persero) Tbk (ISX:KRAS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Krakatau Steel (Persero) Tbk stock appears to be overvalued. The current stock price of Rp228.00 is trading 54.2% above its estimated GF Value™ of Rp147.89. GuruFocus considers PT Krakatau Steel (Persero) Tbk to be Significantly Overvalued.

Key valuation signals for ISX:KRAS:

  • Scaled Net Operating Assets: 0.71
  • GF Value™: Rp147.89 vs. price of Rp228.00 (54.2% above fair value)
  • GF Score™: 44/100 with 7 warning signs

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


PT Krakatau Steel (Persero) Tbk Business Description

Other Exchanges 07K:Germany
Address Jl. Asia Raya Kav. O.3, Wisma Krakatau Steel, Cilegon, IDN, 42435
PT Krakatau Steel (Persero) Tbk is a steel producer in Indonesia. The company's products include Hot Rolled Coil, Cold Rolled Coil, and Wire Rod. Along with its subsidiaries, The Company's core business activities include the production and sale of steel products, such as Hot Rolled Coil (HRC), Cold Rolled Coil (CRC), wire rods, steel pipes, steel sections, and reinforcing bars, as well as related services including coating and tolling. It operates in four segments: Steel Products; Infrastructure facilities segment; Engineering and Construction; and Other Services. It derives the majority of its revenue from the Steel Products segment.
44GF Score

Get the complete analysis for ISX:KRAS

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

Rp228.00
Price
Rp147.89
GF Value