Armada Berjaya Trans Tbk PT (JAYA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Armada Berjaya Trans Tbk PT stock IDR 110, price IDR 117, that is 5.6% below the price, quality 39 out of 100. Rating: fairly valued. Calculated from audited financials with 16 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 4, 2026.
How to read this chart
60‑month range 71.78 IDR – 218.00 IDR · fair‑value band 85.37 IDR – 130.86 IDR · the 117.00 IDR price screens above the 110.45 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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PT Armada Berjaya Trans Tbk engages in the transportation business in Indonesia.
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The company offers land transportation services, including loose cargo and container transportation, and long box truck fleet services; import and export custom clearance services for cargoes; and domestic freight forwarding and door to door services to various destinations.
It also provides warehousing services; and engages in real estate development activities. PT Armada Berjaya Trans Tbk was formerly known as PT Armada Beton. The company was founded in 2012 and is based in Jakarta Timur, Indonesia.
Stock analysis
Armada Berjaya Trans Tbk PT (JAYA) currently trades at 117.00 IDR, while our model-based Fair Value estimate is 110.45 IDR, so the stock looks roughly fairly valued today (gap 5.9%).
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Valuation
Bull case: the Multiples group reads highest at a median of 105.19 IDR per share, and 3 of the 16 models we run sit above the 117.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 59.63 IDR, and 13 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 85.37 IDR (bear) to 130.86 IDR (bull), the price of 117.00 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 39/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Armada Berjaya Trans Tbk PT reported revenue of 73.9B IDR in FY2025 versus 72.4B IDR in FY2021, a compound +0.5%/yr. Reported net income was 4.5B IDR in FY2025, compounding −5.8%/yr from FY2021.
Key figures
Market cap 93.4B IDR (≈ $5.2M) Micro · P/E ratio 8.8 · P/S ratio 0.91 · EPS (TTM) 13.31 IDR · Dividend yield 4.3% · Net margin 10.4% · Return on equity 8.2% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at −6%, JAYA screens cheaper than that median.
Fair Value models
Bear85.37 IDRFair Value 110.45 IDRBull130.86 IDR
Price 117.00 IDR · Downside -5.6%
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 (11.41 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.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−26.6%
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.
−2.3%
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.
+2.5%
Start year 2020 (pandemic). Over 10 years: +16.2% a year
Revenue growth 10 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.
+16.2%
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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. 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.
+0.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.9%
Dividend (yield on the price)4.3%
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.−3.9% vs 3.1%, slowing
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.8% → 11%
Compare Armada Berjaya Trans Tbk PT 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.Trucking · 44 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−5.6% · Above median
Profitability
Return on equity (12 months)8.2% · Above median
Return on assets1.2% · Below median
Net margin (12 months)10.4% · Top 25%
Operating margin (12 months)25.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)109.9% · Top 25%
Dividend yield (12 months)4.3% · Top 25%
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Trucking 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). "Armada Berjaya Trans Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/JAYA
Frequently asked questions
Is Armada Berjaya Trans Tbk PT (JAYA) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 110.45 IDR versus a price of 117.00 IDR, about 6% lower (fairly valued).
What is the fair value of JAYA?
Our model-based fair value for Armada Berjaya Trans Tbk PT is 110.45 IDR (as of Nov 4, 2026), built from audited fundamentals. The current price: 117.00 IDR.
What is the quality score of JAYA?
Armada Berjaya Trans Tbk PT has a Quality Score of 39/100. 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 Armada Berjaya Trans Tbk PT (JAYA)?
Our model-based price target is the fair value of 110.45 IDR (as of Nov 4, 2026) from 16 valuation models. Cautious scenario 85.37 IDR, optimistic scenario 130.86 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Armada Berjaya Trans Tbk PT stock forecast for 2026?
Our models put fair value at 110.45 IDR, about 6% lower versus a price of 117.00 IDR (fairly valued). Cautious scenario 85.37 IDR, optimistic scenario 130.86 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Armada Berjaya Trans Tbk PT (JAYA)?
Armada Berjaya Trans Tbk PT reported trailing-twelve-month revenue of about 102B IDR (latest available figure, as of Nov 4, 2026).
Does Armada Berjaya Trans Tbk PT pay a dividend?
Armada Berjaya Trans Tbk PT currently shows a dividend yield of 4.32% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Armada Berjaya Trans Tbk PT (JAYA)?
Armada Berjaya Trans Tbk PT has a dividend yield of 4.3%.
What is the intrinsic value of Armada Berjaya Trans Tbk PT (JAYA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Armada Berjaya Trans Tbk PT it is 110.45 IDR per share (as of Nov 4, 2026), against a price of 117.00 IDR. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Armada Berjaya Trans Tbk PT stock overvalued or undervalued in 2026?
As of Nov 4, 2026, JAYA trades above its calculated fair value: price 117.00 IDR, fair value 110.45 IDR, a gap of about −6% (fairly valued). 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 JAYA?
No. The price is what the market pays today (117.00 IDR); the fair value is what the company's own numbers justify (110.45 IDR). For Armada Berjaya Trans Tbk PT the two are 6.55 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Armada Berjaya Trans Tbk PT worth?
The market values Armada Berjaya Trans Tbk PT at about 93.4B IDR (market capitalisation, as of Nov 4, 2026). Per share that is 117.00 IDR; our models calculate a fair value of 110.45 IDR per share.
What do the bullish and bearish scenarios say about JAYA?
Our models span a range for Armada Berjaya Trans Tbk PT: cautious scenario 85.37 IDR, base 110.45 IDR, optimistic 130.86 IDR per share (as of Nov 4, 2026, price 117.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JAYA?
Armada Berjaya Trans Tbk PT trades at a price-to-earnings ratio of 8.8 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 110.45 IDR is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 15.9. Other multiples: P/B 0.8, P/S 0.9, EV/EBITDA 7.5.
How solid is the balance sheet of Armada Berjaya Trans Tbk PT (JAYA)?
Balance-sheet figures for Armada Berjaya Trans Tbk PT (as of Nov 4, 2026): return on equity 8.2%, debt of 0.18 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is JAYA from its 52-week high?
Armada Berjaya Trans Tbk PT trades at 117.00 IDR, about 46% below its 52-week high of 218.00 IDR and 13% above the low of 104.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 110.45 IDR is for.
Which stocks are comparable to Armada Berjaya Trans Tbk PT?
From the same area (Industrials) we also value Old Dominion Freight Line, Inc, XPO, Inc, Knight-Swift Transportation Holdings, Saia, 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 Armada Berjaya Trans Tbk PT stock attractive at the current price?
The data as of Nov 4, 2026: price 117.00 IDR, calculated fair value 110.45 IDR (−6%), Quality Score 39/100, from 16 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 JAYA calculated?
We run Armada Berjaya Trans Tbk PT through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 110.45 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. Armada Berjaya Trans Tbk PT 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 Armada Berjaya Trans Tbk PT (JAYA)?
The closing price on Nov 6, 2026 was 117.00 IDR. Our model-based fair value is 110.45 IDR, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Armada Berjaya Trans Tbk PT right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Armada Berjaya Trans Tbk PT
How large is the market capitalisation of Armada Berjaya Trans Tbk PT (JAYA)?
The market capitalisation of Armada Berjaya Trans Tbk PT is 93.4B IDR (≈ $5.2M). 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 Armada Berjaya Trans Tbk PT (JAYA)?
The price-to-sales ratio of Armada Berjaya Trans Tbk PT is 0.91 (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 Armada Berjaya Trans Tbk PT (JAYA)?
Earnings per share at Armada Berjaya Trans Tbk PT are 13.31 IDR (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Armada Berjaya Trans Tbk PT (JAYA)?
The dividend yield of Armada Berjaya Trans Tbk PT is 4.3% (payout 38.0%). 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 Armada Berjaya Trans Tbk PT (JAYA)?
The net margin of Armada Berjaya Trans Tbk PT is 10.4% (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 Armada Berjaya Trans Tbk PT (JAYA)?
The return on equity (ROE) of Armada Berjaya Trans Tbk PT is 8.2% (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 Armada Berjaya Trans Tbk PT (JAYA)?
On an EBIT basis the return on assets of Armada Berjaya Trans Tbk PT is 5.7% (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 Armada Berjaya Trans Tbk PT (JAYA)?
The operating margin of Armada Berjaya Trans Tbk PT is 25.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Armada Berjaya Trans Tbk PT (JAYA)?
Revenue at Armada Berjaya Trans Tbk PT is growing +110% versus a year earlier (3y avg −2.3%). 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 Armada Berjaya Trans Tbk PT (JAYA)?
Earnings per share at Armada Berjaya Trans Tbk PT are growing +222% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Armada Berjaya Trans Tbk PT (JAYA) generate?
The free cash flow of Armada Berjaya Trans Tbk PT is −8.6B 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 Armada Berjaya Trans Tbk PT (JAYA) carry?
The net debt of Armada Berjaya Trans Tbk PT is 77.2B 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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Nov 4, 2026