PT Mulia Industrindo Tbk (MLIA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PT Mulia Industrindo Tbk IDR 47, price IDR 210, upside -77.7%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 99.99 IDR – 608.78 IDR · fair‑value band 41.58 IDR – 51.73 IDR · the 210.00 IDR price screens above the 46.76 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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PT Mulia Industrindo Tbk, together with its subsidiaries, manufactures and sells glass in Indonesia, Asia, Australia, Europe, Africa, and the United States. It operates through Float Glass, Safety Glass, Glass Containers and Glass Block segments.
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PT Mulia Industrindo Tbk, together with its subsidiaries, manufactures and sells glass in Indonesia, Asia, Australia, Europe, Africa, and the United States. It operates through Float Glass, Safety Glass, Glass Containers and Glass Block segments. The company offers plain and colored float glass; mugs and cups, as well as transparent and colored container glass used for packaging of food, beverages, and beer; glass blocks; and automotive safety glasses for front/rear door right/left door, rear quarter left/right, back door window, and windshield. It sells its products to distributors and glass processors. PT Mulia Industrindo Tbk was founded in 1968 and is headquartered in Jakarta Selatan, Indonesia.
Stock analysis
PT Mulia Industrindo Tbk (MLIA) currently trades at 210.00 IDR, while our model-based Fair Value estimate is 46.76 IDR, implying the stock looks roughly 349.0% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 55.84 IDR per share, and 2 of the 8 models we run sit above the 210.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 19.00 IDR, and 6 of the 8 models stay below the price. Evidence for this calculation is low.
Scenario range: 41.58 IDR (bear) to 51.73 IDR (bull), the price of 210.00 IDR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
PT Mulia Industrindo Tbk reported revenue of 4.1T IDR in FY2025 versus 4.5T IDR in FY2021, a compound −2.0%/yr. Reported net income was −4.5B IDR in FY2025.
Key figures
Market cap 1.6T IDR (≈ $88.7M) · P/S ratio 0.40 · EPS (TTM) −11.86 IDR · Dividend yield 2.9% · Net margin −0.1% · Return on equity −1.5% · Return on assets (EBIT) 10.2% · Operating margin −4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −78%, MLIA screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (19.00 IDR to 684.44 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 41.58 IDRFair Value 46.76 IDRBull 51.73 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.9/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−7.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.9%
Start year 2020 (pandemic). Over 10 years: −3.3% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
7.3% (2020) → 0.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Products & Equipment · 253 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−78% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−2% · Bottom 25%
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−11% · Bottom 25%
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity0.09× · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)0· sector 11
PAST (return on equity)0· sector 23
HEALTH (low debt)96· sector 95
DIVIDEND (yield)58· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is PT Mulia Industrindo Tbk (MLIA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 46.76 IDR versus a price of 210.00 IDR, about −78% upside (overvalued).
What is the fair value of MLIA?
Our model-based fair value for PT Mulia Industrindo Tbk is 46.76 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 210.00 IDR.
What is the quality score of MLIA?
PT Mulia Industrindo Tbk has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for PT Mulia Industrindo Tbk (MLIA)?
Our model-based price target is the fair value of 46.76 IDR (as of Sep 24, 2026) from 8 valuation models. Cautious scenario 41.58 IDR, optimistic scenario 51.73 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Mulia Industrindo Tbk stock forecast for 2026?
Our models put fair value at 46.76 IDR, about −78% upside versus a price of 210.00 IDR (overvalued). Cautious scenario 41.58 IDR, optimistic scenario 51.73 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Mulia Industrindo Tbk (MLIA)?
PT Mulia Industrindo Tbk reported trailing-twelve-month revenue of about 4.0T IDR (latest available figure, as of Sep 24, 2026).
Does PT Mulia Industrindo Tbk pay a dividend?
PT Mulia Industrindo Tbk currently shows a dividend yield of about 2.91% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of PT Mulia Industrindo Tbk (MLIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Mulia Industrindo Tbk it is 46.76 IDR per share (as of Sep 24, 2026), against a price of 210.00 IDR. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is PT Mulia Industrindo Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MLIA trades above its calculated fair value: price 210.00 IDR, fair value 46.76 IDR, a gap of about −78% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MLIA?
No. The price is what the market pays today (210.00 IDR); the fair value is what the company's own numbers justify (46.76 IDR). For PT Mulia Industrindo Tbk the two are 163.24 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Mulia Industrindo Tbk worth?
The market values PT Mulia Industrindo Tbk at about 1.6T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 210.00 IDR; our models calculate a fair value of 46.76 IDR per share.
What do the bullish and bearish scenarios say about MLIA?
Our models span a range for PT Mulia Industrindo Tbk: cautious scenario 41.58 IDR, base 46.76 IDR, optimistic 51.73 IDR per share (as of Sep 24, 2026, price 210.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Mulia Industrindo Tbk (MLIA)?
Balance-sheet figures for PT Mulia Industrindo Tbk (as of Sep 24, 2026): return on equity −1.5%, debt of 0.09 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is MLIA from its 52-week high?
PT Mulia Industrindo Tbk trades at 210.00 IDR, about 40% below its 52-week high of 352.00 IDR and at the low of 210.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 46.76 IDR is for.
Which stocks are comparable to PT Mulia Industrindo Tbk?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PT Mulia Industrindo Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 210.00 IDR, calculated fair value 46.76 IDR (−78%), Quality Score 35/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MLIA calculated?
We run PT Mulia Industrindo Tbk through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 46.76 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. PT Mulia Industrindo Tbk itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of PT Mulia Industrindo Tbk (MLIA)?
The closing price on Sep 24, 2026 was 210.00 IDR. Our model-based fair value is 46.76 IDR, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Mulia Industrindo Tbk right now?
The price sits above even our optimistic bull case (51.73 IDR). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of PT Mulia Industrindo Tbk (MLIA) come from?
Earnings per share at PT Mulia Industrindo Tbk grew +24.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.9 %, EBIT margin +11.3 %, tax rate −1.2 %, residual (interest, one-offs) +16.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of PT Mulia Industrindo Tbk
How large is the market capitalisation of PT Mulia Industrindo Tbk (MLIA)?
The market capitalisation of PT Mulia Industrindo Tbk is 1.6T IDR (≈ $88.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PT Mulia Industrindo Tbk (MLIA)?
The price-to-sales ratio of PT Mulia Industrindo Tbk is 0.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PT Mulia Industrindo Tbk (MLIA)?
Earnings per share at PT Mulia Industrindo Tbk are −11.86 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PT Mulia Industrindo Tbk (MLIA)?
The dividend yield of PT Mulia Industrindo Tbk is 2.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PT Mulia Industrindo Tbk (MLIA)?
The net margin of PT Mulia Industrindo Tbk is −0.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PT Mulia Industrindo Tbk (MLIA)?
The return on equity (ROE) of PT Mulia Industrindo Tbk is −1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of PT Mulia Industrindo Tbk (MLIA)?
On an EBIT basis the return on assets of PT Mulia Industrindo Tbk is 10.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of PT Mulia Industrindo Tbk (MLIA)?
The operating margin of PT Mulia Industrindo Tbk is −4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Mulia Industrindo Tbk (MLIA)?
Revenue at PT Mulia Industrindo Tbk is growing −10.7% versus a year earlier (3y avg −6.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PT Mulia Industrindo Tbk (MLIA)?
Earnings per share at PT Mulia Industrindo Tbk are growing −97.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Mulia Industrindo Tbk (MLIA) generate?
The free cash flow of PT Mulia Industrindo Tbk is −304B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PT Mulia Industrindo Tbk (MLIA) carry?
The net debt of PT Mulia Industrindo Tbk is 382B IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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