PT Suparma Tbk (ISX:SPMA) Scaled Net Operating Assets: 0.87 (As of Mar. 2026)


ISX:SPMA PT Suparma Tbk ISX:SPMA
78 GF Score
Price Rp206.00
GF Value Rp239.19
Valuation Modestly Undervalued
! 6 Warning Signs
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What is PT Suparma Tbk Scaled Net Operating Assets?

PT Suparma Tbk ISX:SPMA +0.98% 78 Scaled Net Operating Assets is 0.87 as of Mar. 2026. GuruFocus rates ISX:SPMA with a GF Score™ of 78/100 and a GF Value™ of Rp239.19 (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.

PT Suparma Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp3,673,397 Mil. PT Suparma Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp492,991 Mil. PT Suparma Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp3,661,124 Mil. Therefore, PT Suparma Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.87.

PT Suparma Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

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

PT Suparma Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only 0.97 0.93 0.81 0.82 0.89

PT Suparma 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 0.83 0.86 0.86 0.85 0.87

ISX:SPMA vs SLVM: Scaled Net Operating Assets Comparison

For the Paper & Paper Products subindustry, PT Suparma 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 Suparma Tbk Scaled Net Operating Assets vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Suparma Tbk's Scaled Net Operating Assets distribution charts can be found below:

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


ISX:SPMA
78GF Score
PT Suparma Tbk ISX:SPMA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Suparma 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 Suparma 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 )
=(3463083.685-459152.672)/3392686.914
=0.89

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3661123.776 - 198040.091
=3463083.685

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1171645.303 - 129202.376 - 583290.255
=459152.672

PT Suparma 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 )
=(3673396.828-492991.141)/3661123.776
=0.87

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3755254.591 - 81857.763
=3673396.828

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1255542.175 - 156716.063 - 605834.971
=492991.141

* 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 0.87 mean?
PT Suparma Tbk (ISX:SPMA) has a Scaled Net Operating Assets of 0.87 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 Suparma Tbk and its competitors.
Is PT Suparma Tbk's Scaled Net Operating Assets too high?
PT Suparma Tbk's current Scaled Net Operating Assets is 0.87. Overall, PT Suparma Tbk has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Suparma Tbk's Scaled Net Operating Assets compare to SLVM?
PT Suparma Tbk's Scaled Net Operating Assets of 0.87 can be compared against companies in the Forest Products 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 Forest Products company?
A good Scaled Net Operating Assets depends on the Forest Products 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 Suparma Tbk and its competitors. PT Suparma Tbk's current Scaled Net Operating Assets is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Suparma Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Suparma Tbk (ISX:SPMA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp239.19, compared to a current price of Rp206.00 — trading 13.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.87. PT Suparma Tbk's overall GF Score™ is 78/100 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 PT Suparma Tbk (ISX:SPMA), the current Scaled Net Operating Assets is 0.87 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 Suparma Tbk (ISX:SPMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Suparma Tbk stock appears to be undervalued. The current stock price of Rp206.00 is trading 13.9% below its estimated GF Value™ of Rp239.19. GuruFocus considers PT Suparma Tbk to be Modestly Undervalued.

Key valuation signals for ISX:SPMA:

  • Scaled Net Operating Assets: 0.87
  • GF Value™: Rp239.19 vs. price of Rp206.00 (13.9% below fair value)
  • GF Score™: 78/100 with 6 warning signs

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

PT Suparma Tbk Business Description

Address Jalan Raya Mastrip, No. 856 Warugunung, Karangpilang, East Java, Surabaya, IDN, 60221
PT Suparma Tbk is an Indonesia-based company that manufactures paper and paper products. The group manufactured paper and paper wrapping products for the industrial and consumer sectors. The firm offers Laminated Wrapping Kraft, Samson Kraft, MG Paper, Coated Duplex Board, Bathroom Tissue, Carrier Tissue, Industrial Roll Towel, Kitchen Towel, and Other products. Geographically, the firm generates the majority of its revenue from the local market.
78GF Score

Get the complete analysis for ISX:SPMA

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

Rp206.00
Price
Rp239.19
GF Value