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PT Aviana Sinar Abadi Tbk (IRSX) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of PT Aviana Sinar Abadi Tbk stock IDR 87, price IDR 165, that is 47.1% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.

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Technology ID

PA PT Aviana Sinar Abadi Tbk logo Thin data Nov 6, 2026

PT Aviana Sinar Abadi Tbk

IRSX · JK
Very expensive, weak quality

Our calculation puts a fair price 47% below what the stock costs today.

Profit last quarter +53% vs. a year ago.
Quality 48/100
Expensive Growth (revenue 3y +36.3 %/yr in IDR)
Thin margins · 5.5% net margin (TTM)
0.1% dividend yield · Token dividend
Mixed vs. peers (5/12)
Moderate moat 47/100 · thin data
Fair value 87.21 IDR · Strongly overvalued
Negative free cash flow
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

784.61 IDR 9.00 IDR Fair Value 87.21 IDR Feb 2023 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

45‑month range 9.00 IDR – 784.61 IDR · fair‑value band 61.04 IDR – 113.37 IDR · the 165.00 IDR price screens above the 87.21 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

PT Folago Global Nusantara Tbk, together with its subsidiaries, engages in software publishing and digital product sales businesses in Indonesia. It operates through five segments: Digital Products, IRS Software, Advertisement, Commission, and Digital Marketing Services.

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The Digital Products segment provides information technology solutions to support customers' digitalization needs. Its IRS Software segment develops revenue management systems to improve operational efficiency and support financial reporting requirements.

The Advertising segment offers digital marketing services through various media channels. The Commission segment includes intermediary activities and commission-based cooperation within the digital ecosystem.

The Digital Marketing segment provides integrated digital marketing solutions, including campaign planning, content management, and optimization of digital marketing distribution.

It serves digital product distributors, e-commerce players, corporate clients, gaming aggregators, and other digital service providers. In addition, the company provides information and communication services.

The company was formerly known as PT Aviana Sinar Abadi Tbk and changed its name to PT Folago Global Nusantara Tbk in September 2025. PT Folago Global Nusantara Tbk was founded in 2013 and is headquartered in Tangerang Selatan, Indonesia.

Stock analysis

PT Aviana Sinar Abadi Tbk (IRSX) currently trades at 165.00 IDR, while our model-based Fair Value estimate is 87.21 IDR, 47% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 119.62 IDR per share, and 1 of the 13 models we run sit above the 165.00 IDR price.

Bear case: the Earnings-Based group reads lowest at 38.52 IDR, and 12 of the 13 models stay below the price. Data coverage for this calculation is low.

Scenario range: 61.04 IDR (bear) to 113.37 IDR (bull), the price of 165.00 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 48/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

PT Aviana Sinar Abadi Tbk reported revenue of 410B IDR in FY2025 versus 7.6B IDR in FY2021, a compound +171.0%/yr. Reported net income was 28.8B IDR in FY2025, compounding +170.3%/yr from FY2021.

Key figures

Market cap 1.0T IDR (≈ $56.3M) Micro · P/E ratio 39.3 · P/S ratio 1.91 · EPS (TTM) 4.20 IDR · Dividend yield 0.1% · Net margin 5.5% · Return on equity 15.5% · Return on assets (EBIT) 5.0% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 79% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −47%, IRSX screens richer than that median.

Fair Value models

Bear 61.04 IDR Fair Value 87.21 IDR Bull 113.37 IDR
Price 165.00 IDR · Downside -47.1%
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 (3.46 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.
Best data coverage
Residual Income 37.15 IDR 38.58 IDR 42.77 IDR 68
EPV 37.18 IDR 39.77 IDR 41.84 IDR 67
ROIC Compounder 37.18 IDR 39.77 IDR 41.84 IDR 67
All 13 models by family
Earnings-Based
Graham-Dodd 31.59 IDR 111.48 IDR 150.00 IDR 61
Lynch FV 26.08 IDR 37.26 IDR 48.44 IDR 58
PEG = 1.0 26.08 IDR 37.26 IDR 48.44 IDR 55
EPV 37.18 IDR 39.77 IDR 41.84 IDR 67
Multiples
P/E Multiple 97.56 IDR 130.08 IDR 162.60 IDR 63
P/S Multiple 59.23 IDR 78.98 IDR 98.72 IDR 57
P/B Multiple 211.91 IDR 282.54 IDR 353.18 IDR 55
EV/EBIT 93.20 IDR 119.62 IDR 146.05 IDR 62
EV/Revenue 54.00 IDR 71.17 IDR 88.35 IDR 51
Asset-Based
NCAV (Graham) 27.98 IDR 42.40 IDR 53.00 IDR 52
Economic Profit
Residual Income 37.15 IDR 38.58 IDR 42.77 IDR 68
ROIC Compounder 37.18 IDR 39.77 IDR 41.84 IDR 67
Growth Earnings
Growth-Adj P/E 61.04 IDR 87.21 IDR 113.37 IDR 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 48/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 50
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 20
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 21
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 21
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 42
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−51.3%
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.
+36.3%
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.
8.8% (2021) → 8.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed

IRSX screens overvalued: fair value 47% below the price. Compare with SAP SE →

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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.Software - Application · 628 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −47.1% · Below median
Profitability
Return on equity (12 months) 15.5% · Top 25%
Return on assets 8.0% · Above median
Net margin (12 months) 5.5% · Above median
Operating margin (12 months) 3.9% · Below median
Growth and dividend
Revenue growth (quarter YoY) 233.4% · Top 25%
Dividend yield (12 months) 0.1% · Bottom 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/E (12 months) 39.3× · Pricier than median
P/B 3.37× · Pricier than median
P/S (12 months) 1.91× · Cheaper than median
EV/EBITDA 21.3× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 29
FUTURE (revenue growth)100 · sector 41
PAST (return on equity)62 · sector 20
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)2 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $239.30 $463.72 +94% vs IRSX
Salesforce, Inc CRM $213.65 $342.73 +60% vs IRSX
Uber Technologies, Inc UBER $68.59 $101.28 +48% vs IRSX
Intuit Inc INTU $341.50 $459.14 +34% vs IRSX
ServiceNow, Inc NOW $101.97 $112.17 +10% vs IRSX
SAP SE SAP €210.75 €173.59 −18% vs IRSX
Cadence Design Systems, Inc CDNS $319.92 $225.48 −30% vs IRSX
Automatic Data Processing, Inc ADP $303.35 $150.40 −50% vs IRSX
Shopify Inc SHOP $148.91 $64.96 −56% vs IRSX
Snowflake Inc SNOW $275.88 $73.81 −73% vs IRSX

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Cite: Fair Value Calculator (2026). "PT Aviana Sinar Abadi Tbk Fair Value". https://www.fairvalue-calculator.com/stock/IRSX

Frequently asked questions

Is PT Aviana Sinar Abadi Tbk (IRSX) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 87.21 IDR versus a price of 165.00 IDR, about 47% lower (overvalued).
What is the fair value of IRSX?
Our model-based fair value for PT Aviana Sinar Abadi Tbk is 87.21 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 165.00 IDR.
What is the quality score of IRSX?
PT Aviana Sinar Abadi Tbk has a Quality Score of 48/100. 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 Aviana Sinar Abadi Tbk (IRSX)?
Our model-based price target is the fair value of 87.21 IDR (as of Nov 6, 2026) from 13 valuation models. Cautious scenario 61.04 IDR, optimistic scenario 113.37 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Aviana Sinar Abadi Tbk stock forecast for 2026?
Our models put fair value at 87.21 IDR, about 47% lower versus a price of 165.00 IDR (overvalued). Cautious scenario 61.04 IDR, optimistic scenario 113.37 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Aviana Sinar Abadi Tbk (IRSX)?
PT Aviana Sinar Abadi Tbk reported trailing-twelve-month revenue of about 530B IDR (latest available figure, as of Nov 6, 2026).
Does PT Aviana Sinar Abadi Tbk pay a dividend?
PT Aviana Sinar Abadi Tbk currently shows a dividend yield of 0.10% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of PT Aviana Sinar Abadi Tbk (IRSX) and when is the ex-dividend date?
PT Aviana Sinar Abadi Tbk pays a dividend of 0.17 IDR per share a year, a dividend yield of 0.1%. The last ex-dividend date was May 29, 2026. The payout ratio is 4.0% of earnings. Our assessment: Token dividend. At a yield of 0.1% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.1% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of PT Aviana Sinar Abadi Tbk (IRSX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Aviana Sinar Abadi Tbk it is 87.21 IDR per share (as of Nov 6, 2026), against a price of 165.00 IDR. It is the blended result of 13 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PT Aviana Sinar Abadi Tbk stock overvalued or undervalued in 2026?
As of Nov 6, 2026, IRSX trades above its calculated fair value: price 165.00 IDR, fair value 87.21 IDR, a gap of about −47% (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 IRSX?
No. The price is what the market pays today (165.00 IDR); the fair value is what the company's own numbers justify (87.21 IDR). For PT Aviana Sinar Abadi Tbk the two are 77.79 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Aviana Sinar Abadi Tbk worth?
The market values PT Aviana Sinar Abadi Tbk at about 1.0T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 165.00 IDR; our models calculate a fair value of 87.21 IDR per share.
What do the bullish and bearish scenarios say about IRSX?
Our models span a range for PT Aviana Sinar Abadi Tbk: cautious scenario 61.04 IDR, base 87.21 IDR, optimistic 113.37 IDR per share (as of Nov 6, 2026, price 165.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IRSX?
PT Aviana Sinar Abadi Tbk trades at a price-to-earnings ratio of 39.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 87.21 IDR is built from several models across several years. Other multiples: P/B 3.4, P/S 1.9, EV/EBITDA 21.3.
How solid is the balance sheet of PT Aviana Sinar Abadi Tbk (IRSX)?
Balance-sheet figures for PT Aviana Sinar Abadi Tbk (as of Nov 6, 2026): return on equity 15.5%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is IRSX from its 52-week high?
PT Aviana Sinar Abadi Tbk trades at 165.00 IDR, about 79% below its 52-week high of 784.61 IDR and at the low of 165.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 87.21 IDR is for.
Which stocks are comparable to PT Aviana Sinar Abadi Tbk?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 Aviana Sinar Abadi Tbk stock attractive at the current price?
The data as of Nov 6, 2026: price 165.00 IDR, calculated fair value 87.21 IDR (−47%), Quality Score 48/100, from 13 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 IRSX calculated?
We run PT Aviana Sinar Abadi Tbk through 13 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 87.21 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. PT Aviana Sinar Abadi 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 Aviana Sinar Abadi Tbk (IRSX)?
The closing price on Nov 6, 2026 was 165.00 IDR. Our model-based fair value is 87.21 IDR, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Aviana Sinar Abadi Tbk right now?
The price sits above even our optimistic bull case (113.37 IDR). The favourable scenario is already priced in. Weak quality (48/100) 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. A fairly wide model range (61.04 IDR to 113.37 IDR) leaves room in how you read the outcome.

Key figures of PT Aviana Sinar Abadi Tbk

How large is the market capitalisation of PT Aviana Sinar Abadi Tbk (IRSX)?
The market capitalisation of PT Aviana Sinar Abadi Tbk is 1.0T IDR (≈ $56.3M). 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 Aviana Sinar Abadi Tbk (IRSX)?
The price-to-sales ratio of PT Aviana Sinar Abadi Tbk is 1.91 (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 Aviana Sinar Abadi Tbk (IRSX)?
Earnings per share at PT Aviana Sinar Abadi Tbk are 4.20 IDR (price ÷ EPS = P/E 39.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PT Aviana Sinar Abadi Tbk (IRSX)?
The dividend yield of PT Aviana Sinar Abadi Tbk is 0.1% (payout 4.0%). 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 Aviana Sinar Abadi Tbk (IRSX)?
The net margin of PT Aviana Sinar Abadi Tbk is 5.5% (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 PT Aviana Sinar Abadi Tbk (IRSX)?
The return on equity (ROE) of PT Aviana Sinar Abadi Tbk is 15.5% (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 Aviana Sinar Abadi Tbk (IRSX)?
On an EBIT basis the return on assets of PT Aviana Sinar Abadi Tbk is 5.0% (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 Aviana Sinar Abadi Tbk (IRSX)?
The operating margin of PT Aviana Sinar Abadi Tbk is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Aviana Sinar Abadi Tbk (IRSX)?
Revenue at PT Aviana Sinar Abadi Tbk is growing +233% versus a year earlier (3y avg +36.3%). 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 Aviana Sinar Abadi Tbk (IRSX)?
Earnings per share at PT Aviana Sinar Abadi Tbk are growing +53.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Aviana Sinar Abadi Tbk (IRSX) generate?
The free cash flow of PT Aviana Sinar Abadi Tbk is −6.7B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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