PT Multipolar Tbk (ISX:MLPL) Scaled Net Operating Assets: 0.38 (As of Mar. 2026)


ISX:MLPL PT Multipolar Tbk ISX:MLPL
65 GF Score
Price Rp78.00
GF Value Rp99.18
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Multipolar Tbk Scaled Net Operating Assets?

PT Multipolar Tbk ISX:MLPL -1.27% 65 Scaled Net Operating Assets is 0.38 as of Mar. 2026. GuruFocus rates ISX:MLPL with a GF Score™ of 65/100 and a GF Value™ of Rp99.18 (Modestly Undervalued). The stock has 4 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 Multipolar Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp12,348,992 Mil. PT Multipolar Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp6,608,452 Mil. PT Multipolar Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp15,088,087 Mil. Therefore, PT Multipolar Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.38.


PT Multipolar Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Multipolar 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 Multipolar Tbk Scaled Net Operating Assets Chart

PT Multipolar 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 0.31 0.33 0.38 0.40 0.50

PT Multipolar 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 0.48 0.43 0.67 0.40 0.38

ISX:MLPL vs DDS, M: Scaled Net Operating Assets Comparison

For the Department Stores subindustry, PT Multipolar 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 Multipolar Tbk Scaled Net Operating Assets vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Multipolar Tbk's Scaled Net Operating Assets distribution charts can be found below:

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


ISX:MLPL
65GF Score
PT Multipolar Tbk ISX:MLPL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Multipolar 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 Multipolar 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 )
=(13413363-6791821)/13128720
=0.50

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=15088087 - 1674724
=13413363

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8792006 - 966117 - 1034068
=6791821

PT Multipolar 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 )
=(12348992-6608452)/15088087
=0.38

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14397446 - 2048454
=12348992

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9134253 - 1407615 - 1118186
=6608452

* 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 0.38 mean?
PT Multipolar Tbk (ISX:MLPL) has a Scaled Net Operating Assets of 0.38 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 Multipolar Tbk and its competitors.
Is PT Multipolar Tbk's Scaled Net Operating Assets too high?
PT Multipolar Tbk's current Scaled Net Operating Assets is 0.38. Overall, PT Multipolar Tbk has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Multipolar Tbk's Scaled Net Operating Assets compare to DDS and M?
PT Multipolar Tbk's Scaled Net Operating Assets of 0.38 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Scaled Net Operating Assets depends on the Retail - Cyclical 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 Multipolar Tbk and its competitors. PT Multipolar Tbk's current Scaled Net Operating Assets is 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multipolar Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Multipolar Tbk (ISX:MLPL) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp99.18, compared to a current price of Rp78.00 — trading 21.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.38. PT Multipolar Tbk's overall GF Score™ is 65/100 with 4 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 Multipolar Tbk (ISX:MLPL), the current Scaled Net Operating Assets is 0.38 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 Multipolar Tbk (ISX:MLPL) Overvalued in 2026?

Based on GuruFocus' analysis, PT Multipolar Tbk stock appears to be undervalued. The current stock price of Rp78.00 is trading 21.4% below its estimated GF Value™ of Rp99.18. GuruFocus considers PT Multipolar Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MLPL:

  • Scaled Net Operating Assets: 0.38
  • GF Value™: Rp99.18 vs. price of Rp78.00 (21.4% below fair value)
  • GF Score™: 65/100 with 4 warning signs

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


PT Multipolar Tbk Business Description

Address Jalan Boulevard Palem Raya No. 7, Menara Matahari 20th-21st Floor, Lippo Karawaci, Banten, Tangerang, IDN, 15811
PT Multipolar Tbk is an investment holding company. The company is engaged in business scopes covering the telecommunication services, information technology industry, general trading including import, export, interinsulair, local and retail trading, property/real estate development, management services, renting spaces in buildings and investment. The company has three main business segments: Retail and Distribution, Information Technology, and Other Segments. The firm's key revenue is generated by the Retail and Distribution Segment.
65GF Score

Get the complete analysis for ISX:MLPL

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

Rp78.00
Price
Rp99.18
GF Value