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Bank Mega Tbk (MEGA) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Bank Mega Tbk stock IDR 1,155, price IDR 1,950, that is 40.8% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services ID · ISIN ID1000052400

BM Bank Mega Tbk logo Thin data Nov 5, 2026

Bank Mega Tbk

MEGA · JK
Solid, but very expensive

Our calculation puts a fair price 41% below what the stock costs today.

Quality 60/100
Highly profitable · 43.3% net margin (TTM)
Expensive Growth (revenue 5y +3.7 %/yr in IDR)
Mixed vs. peers (7/14)
Wide moat 71/100 · thin data
Revenue last quarter 18% below a year ago.
Fair value 1,155 IDR · Strongly overvalued (−40.8%)
Thin data
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What runs behind every stock

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

Price vs Fair Value

965,951 IDR 1,555 IDR Fair Value 1,155 IDR Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range 1,555 IDR – 965,951 IDR · fair‑value band 985.24 IDR – 1,575 IDR · the 1,950 IDR price screens above the 1,155 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

PT Bank Mega Tbk provides various banking products and services in Indonesia. The company offers savings accounts, current accounts, and time deposits.

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It also provides cash, car, housing, working capital, and investment loans; inventory and supplier financing; financing for the purchase of motor vehicles and assets; credit and debit cards; and various credit facilities.

In addition, the company offers investment products, such as mutual funds; bancassurance products comprising unit link products; and monitoring agent services for the issuance of medium-term notes and guarantor agent services.

Further, the company provides treasury products, such as banknotes, foreign exchange services, derivatives, and bonds; RTGS, funds remittance, funds transfer, intercity clearing, safe deposit box, custody, trustee, and trade financing services; international banking services; and ATM and internet banking services.

The company was formerly known as PT. Karman bank and changed its name to PT Bank Mega Tbk in 1992. PT Bank Mega Tbk was founded in 1969 and is headquartered in Jakarta, Indonesia. PT Bank Mega Tbk is a subsidiary of PT Mega Corpora.

Stock analysis

Bank Mega Tbk (MEGA) currently trades at 1,950 IDR, while our model-based Fair Value estimate is 1,155 IDR, 41% 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 1,677 IDR per share, and 0 of the 6 models we run sit above the 1,950 IDR price.

Bear case: the Dividend Discount group reads lowest at 635.62 IDR, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 985.24 IDR (bear) to 1,575 IDR (bull), the price of 1,950 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 60/100 (solid quality), in the Financial Services sector.

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

Bank Mega Tbk reported revenue of 13.1T IDR in FY2025 versus 11.2T IDR in FY2021, a compound +4.0%/yr. Reported net income was 3.4T IDR in FY2025, compounding −4.3%/yr from FY2021.

Key figures

Market cap 46.4T IDR (≈ $2.6B) Mid · P/E ratio 15.3 · P/S ratio 6.71 · EPS (TTM) 127.68 IDR · Dividend yield 2.3% · Net margin 43.3% · Return on equity 12.8% · Return on assets (EBIT) 3.2% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 25% 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 −41%, MEGA screens richer than that median.

Fair Value models

Bear 985.24 IDR Fair Value 1,155 IDR Bull 1,575 IDR
Price 1,950 IDR · Downside -40.8%
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 (109.14 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 985.24 IDR 1,155 IDR 1,575 IDR 76
Gordon GGM 363.14 IDR 675.64 IDR 956.83 IDR 67
DDM Multi-Stage 363.14 IDR 595.60 IDR 719.20 IDR 67
All 6 models by family
Dividend Discount
Gordon GGM 363.14 IDR 675.64 IDR 956.83 IDR 67
DDM Multi-Stage 363.14 IDR 595.60 IDR 719.20 IDR 67
Multiples
P/E Multiple 1,397 IDR 1,863 IDR 2,328 IDR 63
P/B Multiple 1,118 IDR 1,491 IDR 1,864 IDR 55
Asset-Based
NCAV (Graham) 532.49 IDR 713.53 IDR 1,065 IDR 54
Economic Profit
Residual Income 985.24 IDR 1,155 IDR 1,575 IDR 76

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Quality Score breakdown

Overall quality 60/100

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

Profitability 39
How much profit the company makes from its sales and capital
Quality Growth 61
Are margins and returns getting better?
Cashflow 40
Do the profits arrive as real cash?
Financial strength 42
Debt, balance sheet and risk of trouble
Investment 89
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 47
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 43
Distance to the 52-week high, does not count
New shares 73
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. 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.1%
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.
+4.2%
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.
+3.7%
Start year 2020 (pandemic). Over 10 years: +4.6% 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.
+12.2%
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.
−8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.0%
Dividend (yield on the price)2.3%
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.−11.0% vs 12.7%, 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.34% → 32%
Pace: the 5-year rate starts in 2020 (pandemic)

MEGA screens overvalued: fair value 41% below the price. Compare with China Merchants Bank Co →

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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 · 998 stocks

Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 60 · Top 25%
Fair Value upside −40.8% · Bottom 25%
Profitability
Return on equity (12 months) 12.8% · Above median
Return on assets 2.4% · Top 25%
Net margin (12 months) 43.3% · Top 25%
Operating margin (12 months) 44.9% · Above median
Growth and dividend
Revenue growth (quarter YoY) −18.0% · Bottom 25%
Dividend yield (12 months) 2.3% · Below median
Balance sheet
Debt / equity 0.09× · Lowest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 15.3× · Priciest 25%
P/B 1.85× · Priciest 25%
P/S (12 months) 6.71× · Priciest 25%
Price / free cash flow (fiscal year) 53.5× · Priciest 25%
EV/EBITDA 6.9× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)0 · sector 47
PAST (return on equity)51 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)47 · sector 53

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

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

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 Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.53 ¥7.59 +37% vs MEGA
China Merchants Bank Co 600036 ¥42.88 ¥52.73 +23% vs MEGA
BNP Paribas SA BNP €91.93 €106.01 +15% vs MEGA
Intesa Sanpaolo S.p.A ISP €6.18 €4.49 −27% vs MEGA
State Bank of India SBIN ₹1,019 ₹736.65 −28% vs MEGA
UniCredit S.p.A UCG €76.80 €50.44 −34% vs MEGA
Mizuho Financial Group MFG $9.40 $5.90 −37% vs MEGA
DBS Group D05 69.72 SGD 40.39 SGD −42% vs MEGA
HDFC Bank Limited HDFCBANK ₹788.25 ₹406.39 −48% vs MEGA
ICICI Bank Limited ICICIBANK ₹1,571 ₹615.63 −61% vs MEGA

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Bank Mega Tbk: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Bank Mega Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MEGA

Frequently asked questions

Is Bank Mega Tbk (MEGA) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 1,155 IDR versus a price of 1,950 IDR, about 41% lower (overvalued).
What is the fair value of MEGA?
Our model-based fair value for Bank Mega Tbk is 1,155 IDR (as of Nov 5, 2026), built from audited fundamentals. The current price: 1,950 IDR.
What is the quality score of MEGA?
Bank Mega 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 Mega Tbk (MEGA)?
Our model-based price target is the fair value of 1,155 IDR (as of Nov 5, 2026) from 6 valuation models. Cautious scenario 985.24 IDR, optimistic scenario 1,575 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Mega Tbk stock forecast for 2026?
Our models put fair value at 1,155 IDR, about 41% lower versus a price of 1,950 IDR (overvalued). Cautious scenario 985.24 IDR, optimistic scenario 1,575 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Mega Tbk (MEGA)?
Bank Mega Tbk reported trailing-twelve-month revenue of about 6.9T IDR (latest available figure, as of Nov 5, 2026).
Does Bank Mega Tbk pay a dividend?
Bank Mega Tbk currently shows a dividend yield of 2.33% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Bank Mega Tbk (MEGA)?
Bank Mega Tbk has a dividend yield of 2.3%.
What is the intrinsic value of Bank Mega Tbk (MEGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Mega Tbk it is 1,155 IDR per share (as of Nov 5, 2026), against a price of 1,950 IDR. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Bank Mega Tbk stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MEGA trades above its calculated fair value: price 1,950 IDR, fair value 1,155 IDR, a gap of about −41% (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 MEGA?
No. The price is what the market pays today (1,950 IDR); the fair value is what the company's own numbers justify (1,155 IDR). For Bank Mega Tbk the two are 794.98 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Mega Tbk worth?
The market values Bank Mega Tbk at about 46.4T IDR (market capitalisation, as of Nov 5, 2026). Per share that is 1,950 IDR; our models calculate a fair value of 1,155 IDR per share.
What do the bullish and bearish scenarios say about MEGA?
Our models span a range for Bank Mega Tbk: cautious scenario 985.24 IDR, base 1,155 IDR, optimistic 1,575 IDR per share (as of Nov 5, 2026, price 1,950 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MEGA?
Bank Mega Tbk trades at a price-to-earnings ratio of 15.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,155 IDR is built from several models across several years. Other multiples: P/B 1.9, P/S 6.7, EV/EBITDA 6.9.
How solid is the balance sheet of Bank Mega Tbk (MEGA)?
Balance-sheet figures for Bank Mega Tbk (as of Nov 5, 2026): return on equity 12.8%, debt of 0.09 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is MEGA from its 52-week high?
Bank Mega Tbk trades at 1,950 IDR, about 34% below its 52-week high of 2,950 IDR and 25% above the low of 1,555 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,155 IDR is for.
Which stocks are comparable to Bank Mega 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 Mega Tbk stock attractive at the current price?
The data as of Nov 5, 2026: price 1,950 IDR, calculated fair value 1,155 IDR (−41%), Quality Score 60/100, from 6 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 MEGA calculated?
We run Bank Mega Tbk through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 1,155 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 13.0% above its aggregate fair value. Bank Mega 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 Bank Mega Tbk (MEGA)?
The closing price on Nov 6, 2026 was 1,950 IDR. Our model-based fair value is 1,155 IDR, about 41% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Mega Tbk right now?
The price sits above even our optimistic bull case (1,575 IDR). The favourable scenario is already priced in. 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 but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. 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 Mega Tbk (MEGA) come from?
Earnings per share at Bank Mega Tbk grew +15.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.3 %, EBIT margin +10.3 %, tax rate +0.0 %, 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 Mega Tbk

How large is the market capitalisation of Bank Mega Tbk (MEGA)?
The market capitalisation of Bank Mega Tbk is 46.4T IDR (≈ $2.6B). 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 Mega Tbk (MEGA)?
The price-to-sales ratio of Bank Mega Tbk is 6.71 (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 Mega Tbk (MEGA)?
Earnings per share at Bank Mega Tbk are 127.68 IDR (price ÷ EPS = P/E 15.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank Mega Tbk (MEGA)?
The dividend yield of Bank Mega Tbk is 2.3% (payout 35.6%). 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 Bank Mega Tbk (MEGA)?
The net margin of Bank Mega Tbk is 43.3% (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 Mega Tbk (MEGA)?
The return on equity (ROE) of Bank Mega Tbk is 12.8% (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 Mega Tbk (MEGA)?
On an EBIT basis the return on assets of Bank Mega Tbk is 3.2% (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 Bank Mega Tbk (MEGA)?
The operating margin of Bank Mega Tbk is 44.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Mega Tbk (MEGA)?
Revenue at Bank Mega Tbk is growing −18.0% versus a year earlier (3y avg +4.2%). 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 Mega Tbk (MEGA)?
Earnings per share at Bank Mega Tbk are growing −34.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank Mega Tbk (MEGA) generate?
The free cash flow of Bank Mega Tbk is 867B 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 Mega Tbk (MEGA) hold?
Bank Mega Tbk holds more cash than debt, 14.0T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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