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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Bank Mega Tbk
MEGA · JKOur calculation puts a fair price 41% below what the stock costs today.
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69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
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
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
MEGA screens overvalued: fair value 41% below the price. Compare with China Merchants Bank Co →
Compare Bank Mega Tbk with another stock
Price, fair value, quality and upside side by side.
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
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
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
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
- Piotroski F-Score screener with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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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Frequently asked questions
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Key figures of Bank Mega Tbk
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