PT Merdeka Battery Materials Tbk (ISX:MBMA) Total Operating Expense: Rp660,671 Mil (TTM As of Mar. 2026)


ISX:MBMA PT Merdeka Battery Materials Tbk ISX:MBMA
49 GF Score
Price Rp494.00
GF Value Rp801.40
Valuation Significantly Undervalued
! 5 Warning Signs
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What is PT Merdeka Battery Materials Tbk Total Operating Expense?

PT Merdeka Battery Materials Tbk ISX:MBMA -0.40% 49 Total Operating Expense is Rp660,671 Mil as of Mar. 2026. GuruFocus rates ISX:MBMA with a GF Score™ of 49/100 and a GF Value™ of Rp801.40 (Significantly Undervalued). The stock has 5 warning signs investors should review.

PT Merdeka Battery Materials Tbk's Total Operating Expense for the three months ended in Mar. 2026 was Rp195,449 Mil. PT Merdeka Battery Materials Tbk's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was Rp660,671 Mil.

PT Merdeka Battery Materials Tbk Total Operating Expense Related Terms

PT Merdeka Battery Materials Tbk Total Operating Expense Historical Data

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The historical data trend for PT Merdeka Battery Materials Tbk's Total Operating Expense 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 Merdeka Battery Materials Tbk Total Operating Expense Chart

PT Merdeka Battery Materials Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 71.65 222,373.17 469,630.49 555,272.26 593,671.01

PT Merdeka Battery Materials Tbk Quarterly Data
Dec19 Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 122,115.51 101,279.78 172,395.01 191,547.20 195,449.39
ISX:MBMA
49GF Score
PT Merdeka Battery Materials Tbk ISX:MBMA
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Merdeka Battery Materials Tbk Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp660,671 Mil.

* 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 Total Operating Expense of Rp660,671 Mil mean?
PT Merdeka Battery Materials Tbk (ISX:MBMA) has a Total Operating Expense of Rp660,671 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on PT Merdeka Battery Materials Tbk and its competitors.
Is PT Merdeka Battery Materials Tbk's Total Operating Expense too high?
PT Merdeka Battery Materials Tbk's current Total Operating Expense is Rp660,671 Mil. Overall, PT Merdeka Battery Materials Tbk has a GF Score™ of 49/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Battery Materials Tbk's Total Operating Expense compare to HL and SIND?
PT Merdeka Battery Materials Tbk's Total Operating Expense of Rp660,671 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Metals & Mining company?
A good Total Operating Expense depends on the Metals & Mining industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on PT Merdeka Battery Materials Tbk and its competitors. PT Merdeka Battery Materials Tbk's current Total Operating Expense is Rp660,671 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Battery Materials Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk (ISX:MBMA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp801.40, compared to a current price of Rp494.00 — trading 38.4% below its estimated fair value. The current Total Operating Expense is Rp660,671 Mil. PT Merdeka Battery Materials Tbk's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For PT Merdeka Battery Materials Tbk (ISX:MBMA), the current Total Operating Expense is Rp660,671 Mil 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 Merdeka Battery Materials Tbk (ISX:MBMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Merdeka Battery Materials Tbk stock appears to be undervalued. The current stock price of Rp494.00 is trading 38.4% below its estimated GF Value™ of Rp801.40. GuruFocus considers PT Merdeka Battery Materials Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MBMA:

  • Total Operating Expense: Rp660,671 Mil
  • GF Value™: Rp801.40 vs. price of Rp494.00 (38.4% below fair value)
  • GF Score™: 49/100 with 5 warning signs

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

PT Merdeka Battery Materials Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 52-53, Treasury Tower Building, 69th Floor, District 8 SCBD Lot. 28, South Jakarta, Jakarta, IDN, 12190
PT Merdeka Battery Materials Tbk is an integrated battery materials and nickel processing company focused on the electric vehicle (EV) battery value chain in Indonesia. The company engages in nickel mining, smelting, and downstream battery material processing activities. Its business operations include the SCM Mine, RKEF smelters, Nickel Matte operations, AIM Project, IKIP industrial area development, and HPAL projects. The company operates through Mining, Manufacturing, and Other segments, with the majority of revenue generated from the Manufacturing segment.
49GF Score

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

Rp494.00
Price
Rp801.40
GF Value