Bank Permata Tbk (BNLI) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bank Permata Tbk stock IDR 2,760, price IDR 1,375, upside +100.7%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 849.00 IDR – 5,913 IDR · fair‑value band 2,070 IDR – 3,450 IDR · the 1,375 IDR price screens below the 2,760 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow Bank Permata Tbk in your weekly email
Every Wednesday you see whether Bank Permata Tbk is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Bank Permata Tbk provides corporate, commercial, and consumer banking products and services in Indonesia.
Show moreShow less
It offers savings and current accounts, time deposits, mutual funds, bonds, and credit cards; mortgage, personal, and working capital loan products; bancassurance, trade finance, foreign exchange, cash management, and treasury solutions; security services and agency services, as well as various digital banking services.
The company was formerly known as PT Bank Bali Tbk and changed its name to PT Bank Permata Tbk in October 2002. The company was founded in 1954 and is headquartered in Jakarta, Indonesia. PT Bank Permata Tbk is a subsidiary of Bangkok Bank Public Company Limited.
Stock analysis
Bank Permata Tbk (BNLI) currently trades at 1,375 IDR, while our model-based Fair Value estimate is 2,760 IDR, implying the stock looks roughly 50% undervalued today.
Show more
Valuation
How firm this estimate is: it rests on 4 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: 2,070 IDR (bear) to 3,450 IDR (bull), the price of 1,375 IDR sits below 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 60/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank Permata Tbk reported revenue of 19.4T IDR in FY2025 versus 13.3T IDR in FY2021, a compound +10.0%/yr. Reported net income was 3.6T IDR in FY2025, compounding +30.7%/yr from FY2021.
Key figures
Market cap 63.0T IDR (≈ $3.5B) Mid · P/E ratio 17.1 · P/S ratio 5.72 · EPS (TTM) 102.00 IDR · Net margin 33.3% · Return on equity 8.3% · Return on assets (EBIT) 1.6% (5-year average) · Operating margin 39.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 74% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 101%, BNLI screens cheaper than that median.
Fair Value models
Bear2,070 IDRFair Value 2,760 IDRBull3,450 IDR
Price 1,375 IDR · Upside +100.7%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (87.47 IDR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.7%
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.
+21.9%
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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +1.2% 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.
+15.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+20.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.20.5% vs 5.2%, picking up
Profit margin 2020 to 2025 ⓘ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.12% → 24%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 6.9%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Banks - Regional · 996 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)8.3% · Below median
Return on assets1.3% · Top 25%
Net margin (12 months)33.3% · Above median
Operating margin (12 months)39.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.1% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.25× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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 Bank Permata Tbk (BNLI) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 2,760 IDR versus a price of 1,375 IDR, about +101% upside (undervalued).
What is the fair value of BNLI?
Our model-based fair value for Bank Permata Tbk is 2,760 IDR (as of Nov 9, 2026), built from audited fundamentals. The current price: 1,375 IDR.
What is the quality score of BNLI?
Bank Permata Tbk has a Quality Score of 60/100. 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 Bank Permata Tbk (BNLI)?
Our model-based price target is the fair value of 2,760 IDR (as of Nov 9, 2026) from 4 valuation models. Cautious scenario 2,070 IDR, optimistic scenario 3,450 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Permata Tbk stock forecast for 2026?
Our models put fair value at 2,760 IDR, about +101% upside versus a price of 1,375 IDR (undervalued). Cautious scenario 2,070 IDR, optimistic scenario 3,450 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Permata Tbk (BNLI)?
Bank Permata Tbk reported trailing-twelve-month revenue of about 11.0T IDR (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Bank Permata Tbk (BNLI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Permata Tbk it is 2,760 IDR per share (as of Nov 9, 2026), against a price of 1,375 IDR. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Bank Permata Tbk stock overvalued or undervalued in 2026?
As of Nov 9, 2026, BNLI trades below its calculated fair value: price 1,375 IDR, fair value 2,760 IDR, a gap of about +101% (undervalued). 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 BNLI?
No. The price is what the market pays today (1,375 IDR); the fair value is what the company's own numbers justify (2,760 IDR). For Bank Permata Tbk the two are 1,385 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Permata Tbk worth?
The market values Bank Permata Tbk at about 63.0T IDR (market capitalisation, as of Nov 9, 2026). Per share that is 1,375 IDR; our models calculate a fair value of 2,760 IDR per share.
What do the bullish and bearish scenarios say about BNLI?
Our models span a range for Bank Permata Tbk: cautious scenario 2,070 IDR, base 2,760 IDR, optimistic 3,450 IDR per share (as of Nov 9, 2026, price 1,375 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BNLI?
Bank Permata Tbk trades at a price-to-earnings ratio of 17.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,760 IDR is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 21.3. Other multiples: P/B 1.4, P/S 5.7, EV/EBITDA 10.4.
How solid is the balance sheet of Bank Permata Tbk (BNLI)?
Balance-sheet figures for Bank Permata Tbk (as of Nov 9, 2026): return on equity 8.3%, debt of 0.25 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is BNLI from its 52-week high?
Bank Permata Tbk trades at 1,375 IDR, about 74% below its 52-week high of 5,221 IDR and 1% above the low of 1,355 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 2,760 IDR is for.
Which stocks are comparable to Bank Permata Tbk?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 Bank Permata Tbk stock attractive at the current price?
The data as of Nov 9, 2026: price 1,375 IDR, calculated fair value 2,760 IDR (+101%), Quality Score 60/100, from 4 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 BNLI calculated?
We run Bank Permata Tbk through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2,760 IDR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Bank Permata Tbk currently trades 50% below its own fair value, and the market average says nothing about that. 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 Bank Permata Tbk (BNLI)?
The closing price on Nov 9, 2026 was 1,375 IDR. Our model-based fair value is 2,760 IDR, about +101% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Permata Tbk right now?
The price is below even our cautious bear case (2,070 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Bank Permata Tbk (BNLI) come from?
Earnings per share at Bank Permata Tbk grew +4.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share −7.6 %, EBIT margin +13.1 %, tax rate −0.1 %, residual (interest, one-offs) +0.0 %. 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 Bank Permata Tbk
How large is the market capitalisation of Bank Permata Tbk (BNLI)?
The market capitalisation of Bank Permata Tbk is 63.0T IDR (≈ $3.5B). 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 Bank Permata Tbk (BNLI)?
The price-to-sales ratio of Bank Permata Tbk is 5.72 (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 Bank Permata Tbk (BNLI)?
Earnings per share at Bank Permata Tbk are 102.00 IDR (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Permata Tbk (BNLI)?
The net margin of Bank Permata Tbk is 33.3% (last twelve months). 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 Bank Permata Tbk (BNLI)?
The return on equity (ROE) of Bank Permata Tbk is 8.3% (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 Bank Permata Tbk (BNLI)?
On an EBIT basis the return on assets of Bank Permata Tbk is 1.6% (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 Bank Permata Tbk (BNLI)?
The operating margin of Bank Permata Tbk is 39.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Permata Tbk (BNLI)?
Revenue at Bank Permata Tbk is growing −0.1% versus a year earlier (3y avg +21.9%). 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 Bank Permata Tbk (BNLI)?
Earnings per share at Bank Permata Tbk are growing −6.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank Permata Tbk (BNLI) generate?
The free cash flow of Bank Permata Tbk is 3.9T 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 cash does Bank Permata Tbk (BNLI) hold?
Bank Permata Tbk holds more cash than debt, 10.2T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Bank Permata Tbk in the live analysis
One click puts Bank Permata Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 9, 2026