PBATF (PT Bukit Asam (Persero) Tbk) Scaled Net Operating Assets: 0.49 (As of Mar. 2026)


PBATF PT Bukit Asam (Persero) Tbk PBATF
66 GF Score
Price $0.17
GF Value $0.11
Valuation Significantly Overvalued
! 5 Warning Signs
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What is PT Bukit Asam (Persero) Tbk Scaled Net Operating Assets?

PT Bukit Asam (Persero) Tbk PBATF +29.67% 66 Scaled Net Operating Assets is 0.49 as of Mar. 2026. GuruFocus rates PBATF with a GF Score™ of 66/100 and a GF Value™ of $0.11 (Significantly Overvalued). The stock has 5 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 Bukit Asam (Persero) Tbk's operating assets for the quarter that ended in Mar. 2026 was $2,279 Mil. PT Bukit Asam (Persero) Tbk's operating liabilities for the quarter that ended in Mar. 2026 was $995 Mil. PT Bukit Asam (Persero) Tbk's Total Assets for the quarter that ended in Dec. 2025 was $2,629 Mil. Therefore, PT Bukit Asam (Persero) Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.49.


PT Bukit Asam (Persero) Tbk Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for PT Bukit Asam (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 Bukit Asam (Persero) Tbk Scaled Net Operating Assets Chart

PT Bukit Asam (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 0.48 0.34 0.38 0.50 0.49

PT Bukit Asam (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 0.46 0.40 0.47 0.50 0.49

PT Bukit Asam (Persero) Tbk Scaled Net Operating Assets Competitor Comparison

For the Thermal Coal subindustry, PT Bukit Asam (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 Bukit Asam (Persero) Tbk Scaled Net Operating Assets vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Bukit Asam (Persero) Tbk's Scaled Net Operating Assets distribution charts can be found below:

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


PBATF
66GF Score
PT Bukit Asam (Persero) Tbk PBATF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bukit Asam (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 Bukit Asam (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 )
=(2329.899-1044.049)/2605.765
=0.49

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2628.642 - 298.743
=2329.899

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1274.92 - 91.739 - 139.132
=1044.049

PT Bukit Asam (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 )
=(2279.325-994.606)/2628.642
=0.49

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2553.448 - 274.123
=2279.325

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1155.251 - 139.991 - 20.654
=994.606

* 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 0.49 mean?
PT Bukit Asam (Persero) Tbk (PBATF) has a Scaled Net Operating Assets of 0.49 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 Bukit Asam (Persero) Tbk and its competitors.
Is PT Bukit Asam (Persero) Tbk's Scaled Net Operating Assets too high?
PT Bukit Asam (Persero) Tbk's current Scaled Net Operating Assets is 0.49. Overall, PT Bukit Asam (Persero) Tbk has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Bukit Asam (Persero) Tbk's Scaled Net Operating Assets compare to competitors?
PT Bukit Asam (Persero) Tbk's Scaled Net Operating Assets of 0.49 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Scaled Net Operating Assets depends on the Other Energy Sources 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 Bukit Asam (Persero) Tbk and its competitors. PT Bukit Asam (Persero) Tbk's current Scaled Net Operating Assets is 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bukit Asam (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bukit Asam (Persero) Tbk (PBATF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.11, compared to a current price of $0.17 — trading 54.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.49. PT Bukit Asam (Persero) Tbk's overall GF Score™ is 66/100 with 5 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 Bukit Asam (Persero) Tbk (PBATF), the current Scaled Net Operating Assets is 0.49 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 Bukit Asam (Persero) Tbk (PBATF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bukit Asam (Persero) Tbk stock appears to be overvalued. The current stock price of $0.17 is trading 54.5% above its estimated GF Value™ of $0.11. GuruFocus considers PT Bukit Asam (Persero) Tbk to be Significantly Overvalued.

Key valuation signals for PBATF:

  • Scaled Net Operating Assets: 0.49
  • GF Value™: $0.11 vs. price of $0.17 (54.5% above fair value)
  • GF Score™: 66/100 with 5 warning signs

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


PT Bukit Asam (Persero) Tbk Business Description

Address Jalan Parigi No. 1, Tanjung Enim, Muara Enim, South Sumatra, 5d356, Palembang, IDN, 31716
PT Bukit Asam (Persero) Tbk operates in Indonesia's energy sector, managing coal reserves and producing coal for domestic and export markets. The operations of the company include logistics and infrastructure for coal distribution via dedicated routes and railways, downstream processing of coal for power generation and derivative products, and development of renewable energy projects, including solar power (PV) and biomass.
66GF Score

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

$0.17
Price
$0.11
GF Value