PT Sinar Mas Multiartha Tbk (ISX:SMMA) Scaled Net Operating Assets: -0.16 (As of Dec. 2025)


ISX:SMMA PT Sinar Mas Multiartha Tbk ISX:SMMA
62 GF Score
Price Rp21,550.00
GF Value Rp15,030.25
Valuation Significantly Overvalued
! 4 Warning Signs
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What is PT Sinar Mas Multiartha Tbk Scaled Net Operating Assets?

PT Sinar Mas Multiartha Tbk ISX:SMMA -1.49% 62 Scaled Net Operating Assets is -0.16 as of Dec. 2025. GuruFocus rates ISX:SMMA with a GF Score™ of 62/100 and a GF Value™ of Rp15,030.25 (Significantly Overvalued). 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 Sinar Mas Multiartha Tbk's operating assets for the quarter that ended in Dec. 2025 was Rp63,236,764 Mil. PT Sinar Mas Multiartha Tbk's operating liabilities for the quarter that ended in Dec. 2025 was Rp82,778,764 Mil. PT Sinar Mas Multiartha Tbk's Total Assets for the quarter that ended in Sep. 2025 was Rp122,555,441 Mil. Therefore, PT Sinar Mas Multiartha Tbk's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.16.

ISX:SMMA
62GF Score
PT Sinar Mas Multiartha Tbk ISX:SMMA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Sinar Mas Multiartha 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 Sinar Mas Multiartha 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 )
=(111210565-82778764)/117192124
=0.24

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=120391247 - 9180682
=111210565

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=94480144 - 9191408 - 2509972
=82778764

PT Sinar Mas Multiartha Tbk's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(63236764-82778764)/122555441
=-0.16

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=120391247 - 57154483
=63236764

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=94480144 - 9191408 - 2509972
=82778764

* 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 -0.16 mean?
PT Sinar Mas Multiartha Tbk (ISX:SMMA) has a Scaled Net Operating Assets of -0.16 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Sinar Mas Multiartha Tbk and its competitors.
Is PT Sinar Mas Multiartha Tbk's Scaled Net Operating Assets too high?
PT Sinar Mas Multiartha Tbk's current Scaled Net Operating Assets is -0.16. Overall, PT Sinar Mas Multiartha Tbk has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Sinar Mas Multiartha Tbk's Scaled Net Operating Assets compare to BRK.A and AIG?
PT Sinar Mas Multiartha Tbk's Scaled Net Operating Assets of -0.16 can be compared against companies in the Insurance 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 an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance 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 Sinar Mas Multiartha Tbk and its competitors. PT Sinar Mas Multiartha Tbk's current Scaled Net Operating Assets is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Sinar Mas Multiartha Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Sinar Mas Multiartha Tbk (ISX:SMMA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp15,030.25, compared to a current price of Rp21,550.00 — trading 43.4% above its estimated fair value. The current Scaled Net Operating Assets is -0.16. PT Sinar Mas Multiartha Tbk's overall GF Score™ is 62/100 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 Sinar Mas Multiartha Tbk (ISX:SMMA), the current Scaled Net Operating Assets is -0.16 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 Sinar Mas Multiartha Tbk (ISX:SMMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Sinar Mas Multiartha Tbk stock appears to be overvalued. The current stock price of Rp21,550.00 is trading 43.4% above its estimated GF Value™ of Rp15,030.25. GuruFocus considers PT Sinar Mas Multiartha Tbk to be Significantly Overvalued.

Key valuation signals for ISX:SMMA:

  • Scaled Net Operating Assets: -0.16
  • GF Value™: Rp15,030.25 vs. price of Rp21,550.00 (43.4% above fair value)
  • GF Score™: 62/100 with 4 warning signs

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

PT Sinar Mas Multiartha Tbk Business Description

Address Sinar Mas Land Plaza, Tower I Lt 1 dan 2, Jl. MH Thamrin No. 51, Jakarta, IDN, 10350
PT Sinar Mas Multiartha Tbk provides an integrated and comprehensive range of financial services in Indonesia. The company is engaged in insurance underwriting, consumer financing, factoring of accounts, securities administration, securities brokerage, investment management, banking, development, Information technology, trading, and other related services. It is also involved in the auction house, property, health clinic, and workshop activities.
62GF Score

Get the complete analysis for ISX:SMMA

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

Rp21,550.00
Price
Rp15,030.25
GF Value