Bank Victoria International (BVIC) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bank Victoria International stock IDR 94, price IDR 72, upside +30.1%, quality 51 out of 100. Rating: 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 64.00 IDR – 258.00 IDR · fair‑value band 70.27 IDR – 117.12 IDR · the 72.00 IDR price screens below the 93.69 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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PT Bank Victoria International Tbk provides banking products and services in Indonesia. The company offers various savings accounts; foreign exchange, rupiah, and online deposits; time deposits; bancassurance products and mutual funds; and investment products.
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It also provides loan products, such as home and car ownership loan, multi-purpose credit, and implant banking credit; corporate and commercial lending, small medium enterprise lending, and multi finance lending services; working capital loans; investment credit; bank guarantees; and domestic documentary letter of credit.
In addition, the company offers internet and mobile banking services; Sharia banking services; and banknotes and foreign currency transactions. PT Bank Victoria International Tbk was incorporated in 1992 and is headquartered in Jakarta Selatan, Indonesia.
PT Bank Victoria International Tbk is a subsidiary of PT Victoria Investama Tbk.
Stock analysis
Bank Victoria International (BVIC) currently trades at 72.00 IDR, while our model-based Fair Value estimate is 93.69 IDR, implying the stock looks roughly 23% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 158.42 IDR per share, and 4 of the 4 models we run sit above the 72.00 IDR price.
Bear case: the Multiples group reads lowest at 93.69 IDR, and 0 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 70.27 IDR (bear) to 117.12 IDR (bull), the price of 72.00 IDR sits inside 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 51/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bank Victoria International reported revenue of 2.6T IDR in FY2025 versus 1.7T IDR in FY2021, a compound +10.4%/yr. Reported net income was 132B IDR in FY2025.
Key figures
Market cap 1.3T IDR (≈ $73.7M) Micro · P/E ratio 24.9 · P/S ratio 1.76 · EPS (TTM) 2.89 IDR · Net margin 9.0% · Return on equity 1.6% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin 30.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 11% 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 30%, BVIC screens cheaper than that median.
Fair Value models
Bear70.27 IDRFair Value 93.69 IDRBull117.12 IDR
Price 72.00 IDR · Upside +30.1%
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 (2.48 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.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+23.0%
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.
+14.2%
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.
+4.0%
Start year 2020 (pandemic). Over 10 years: +1.5% 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.
+14.5%
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What shareholders gained per year (last 3 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 3 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. 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.
−17.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.6%
Dividend (yield on the price)0.0%
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.−14% → 6%
⚠ Revenue per share shrinking 7.1%/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.
Compare Bank Victoria International with another stock
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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.Banks - Regional · 996 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+26.6% · Top 25%
Profitability
Return on equity (12 months)1.6% · Bottom 25%
Return on assets0.4% · Bottom 25%
Net margin (12 months)9.0% · Bottom 25%
Operating margin (12 months)30.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−2.3% · Bottom 25%
Balance sheet
Debt / equity0.90× · Highest 25%
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.
Cite: Fair Value Calculator (2026). "Bank Victoria International Fair Value". https://www.fairvalue-calculator.com/stock/BVIC
Frequently asked questions
Is Bank Victoria International (BVIC) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 93.69 IDR versus a price of 72.00 IDR, about +30% upside (undervalued).
What is the fair value of BVIC?
Our model-based fair value for Bank Victoria International is 93.69 IDR (as of Nov 9, 2026), built from audited fundamentals. The current price: 72.00 IDR.
What is the quality score of BVIC?
Bank Victoria International has a Quality Score of 51/100. 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 Victoria International (BVIC)?
Our model-based price target is the fair value of 93.69 IDR (as of Nov 9, 2026) from 4 valuation models. Cautious scenario 70.27 IDR, optimistic scenario 117.12 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Victoria International stock forecast for 2026?
Our models put fair value at 93.69 IDR, about +30% upside versus a price of 72.00 IDR (undervalued). Cautious scenario 70.27 IDR, optimistic scenario 117.12 IDR. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Bank Victoria International (BVIC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Victoria International it is 93.69 IDR per share (as of Nov 9, 2026), against a price of 72.00 IDR. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Bank Victoria International stock overvalued or undervalued in 2026?
As of Nov 9, 2026, BVIC trades below its calculated fair value: price 72.00 IDR, fair value 93.69 IDR, a gap of about +30% (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 BVIC?
No. The price is what the market pays today (72.00 IDR); the fair value is what the company's own numbers justify (93.69 IDR). For Bank Victoria International the two are 21.69 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Victoria International worth?
The market values Bank Victoria International at about 1.3T IDR (market capitalisation, as of Nov 9, 2026). Per share that is 72.00 IDR; our models calculate a fair value of 93.69 IDR per share.
What do the bullish and bearish scenarios say about BVIC?
Our models span a range for Bank Victoria International: cautious scenario 70.27 IDR, base 93.69 IDR, optimistic 117.12 IDR per share (as of Nov 9, 2026, price 72.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BVIC?
Bank Victoria International trades at a price-to-earnings ratio of 24.9 (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 93.69 IDR is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 15.0. Other multiples: P/B 0.3, P/S 1.8, EV/EBITDA 21.1.
How solid is the balance sheet of Bank Victoria International (BVIC)?
Balance-sheet figures for Bank Victoria International (as of Nov 9, 2026): return on equity 1.6%, debt of 0.90 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is BVIC from its 52-week high?
Bank Victoria International trades at 72.00 IDR, about 56% below its 52-week high of 163.00 IDR and 11% above the low of 65.00 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 93.69 IDR is for.
Which stocks are comparable to Bank Victoria International?
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 Victoria International stock attractive at the current price?
The data as of Nov 9, 2026: price 72.00 IDR, calculated fair value 93.69 IDR (+30%), Quality Score 51/100, 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 BVIC calculated?
We run Bank Victoria International through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 93.69 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 Victoria International currently trades 23% 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 Victoria International (BVIC)?
The closing price on Nov 9, 2026 was 72.00 IDR. Our model-based fair value is 93.69 IDR, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Victoria International right now?
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 (51/100) 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 Victoria International (BVIC) come from?
Earnings per share at Bank Victoria International grew −6.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −8.6 %, EBIT margin +4.5 %, tax rate −2.2 %, 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 Victoria International
How large is the market capitalisation of Bank Victoria International (BVIC)?
The market capitalisation of Bank Victoria International is 1.3T IDR (≈ $73.7M). 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 Bank Victoria International (BVIC)?
The price-to-sales ratio of Bank Victoria International is 1.76 (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 Victoria International (BVIC)?
Earnings per share at Bank Victoria International are 2.89 IDR (price ÷ EPS = P/E 24.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Victoria International (BVIC)?
The net margin of Bank Victoria International is 9.0% (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 Victoria International (BVIC)?
The return on equity (ROE) of Bank Victoria International is 1.6% (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 Victoria International (BVIC)?
On an EBIT basis the return on assets of Bank Victoria International is 0.4% (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 Victoria International (BVIC)?
The operating margin of Bank Victoria International is 30.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Victoria International (BVIC)?
Revenue at Bank Victoria International is growing −2.3% versus a year earlier (3y avg +14.2%). 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 Victoria International (BVIC)?
Earnings per share at Bank Victoria International are growing −75.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank Victoria International (BVIC) generate?
The free cash flow of Bank Victoria International is 695B 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 Bank Victoria International (BVIC) carry?
The net debt of Bank Victoria International is 5.9T IDR (fiscal year 2025, ≈ 8.6 yrs of FCF). 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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Thin data
Nov 9, 2026