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Global Sukses Solusi Tbk PT (RUNS) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Global Sukses Solusi Tbk PT stock IDR 49, price IDR 50, that is 1.4% below the price, quality 48 out of 100. Rating: fairly valued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.

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Technology ID · ISIN ID1000163405

GS Global Sukses Solusi Tbk PT logo Thin data Nov 7, 2026

Global Sukses Solusi Tbk PT

RUNS · JK
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Generates free cash flow
Fair value 49.31 IDR · Fairly valued
Quality 48/100
Revenue last quarter 28% below a year ago.
Weak Growth (revenue 5y −5.3 %/yr in IDR)
Loss-making · -66.8% net margin (TTM)
Trails peers (3/11)
Narrow moat 15/100 · thin data
Thin data
⚠ Small free float
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What runs behind every stock

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

Price vs Fair Value

833.65 IDR 45.00 IDR Fair Value 49.31 IDR Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range 45.00 IDR – 833.65 IDR · fair‑value band 22.90 IDR – 87.00 IDR · the 50.00 IDR price screens above the 49.31 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.

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Company profile

PT Global Sukses Solusi Tbk provides enterprise resource planning software solutions under the RUN System brand name for various business processes in Southeast Asia.

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The company provides various solutions for cost control, cash flow management, asset management, enterprise accounting, account payable, and account receivable; sales management, international trade logistics, and distribution management; and purchasing management, contract management, raw material purchasing, and e-procurement.

It also offers material management, warehouse management system, and inventory management; production management, production planning, capacity planning, and material requirement planning; and performance, organization, assessment, training, and recruitment management services.

In addition, the company provides custom application development, professional, and information technology services.

It serves the manufacturing, construction, mining and quarrying, financial services, agriculture and forestry, industrial park, property, professional services, and tourism and hospitality sectors. PT Global Sukses Solusi Tbk was founded in 2014 and is headquartered in Yogyakarta, Indonesia.

Stock analysis

Global Sukses Solusi Tbk PT (RUNS) currently trades at 50.00 IDR, while our model-based Fair Value estimate is 49.31 IDR, so the stock looks roughly fairly valued today (gap 1.4%).

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Valuation

Bull case: the Growth DCF group reads highest at a median of 54.75 IDR per share, and 2 of the 7 models we run sit above the 50.00 IDR price.

Bear case: the Asset-Based group reads lowest at 11.81 IDR, and 5 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: 22.90 IDR (bear) to 87.00 IDR (bull), the price of 50.00 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 48/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Global Sukses Solusi Tbk PT reported revenue of 17.2B IDR in FY2025 versus 4.9B IDR in FY2021, a compound +36.6%/yr. Reported net income was −7.6B IDR in FY2025.

Key figures

Market cap 49.0B IDR (≈ $2.7M) Micro · P/S ratio 4.40 · EPS (TTM) −12.86 IDR · Net margin −44.3% · Return on equity −15.4% · Return on assets (EBIT) −6.5% (5-year average) · Operating margin −27.4% · Revenue (TTM) 13.8B IDR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and 9% above 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 −1%, RUNS screens richer than that median.

Fair Value models

Bear 22.90 IDR Fair Value 49.31 IDR Bull 87.00 IDR
Price 50.00 IDR · Downside -1.4%
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. 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
FCF DCF 31.27 IDR 58.85 IDR 127.32 IDR 72
Growth DCF 29.55 IDR 64.00 IDR 121.48 IDR 72
Rev-Margin DCF 20.47 IDR 45.49 IDR 81.52 IDR 67
All 7 models by family
DCF Models
FCF DCF 31.27 IDR 58.85 IDR 127.32 IDR 72
5Y Revenue Exit 20.47 IDR 45.03 IDR 83.53 IDR 66
10Y Revenue Exit 22.90 IDR 49.31 IDR 87.00 IDR 62
Multiples
EV/Revenue 16.65 IDR 27.44 IDR 38.23 IDR 52
Asset-Based
NCAV (Graham) 8.81 IDR 11.81 IDR 17.62 IDR 54
Growth DCF
Growth DCF 29.55 IDR 64.00 IDR 121.48 IDR 72
Rev-Margin DCF 20.47 IDR 45.49 IDR 81.52 IDR 67

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 6
How much profit the company makes from its sales and capital
Quality Growth 7
Are margins and returns getting better?
Cashflow 77
Do the profits arrive as real cash?
Financial strength 49
Debt, balance sheet and risk of trouble
Investment 100
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 12
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 74
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. 15/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.5%
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.
−18.1%
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.
−5.3%
Start year 2020 (pandemic)
Revenue growth 6 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.
+19.4%
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.
43.2% (2020) → −47.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +9.5% a year for the price.

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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 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −1.4% · Above median
Profitability
Return on assets −9.1% · Bottom 25%
Net margin (12 months) −66.8% · Bottom 25%
Operating margin (12 months) −27.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −28.3% · Bottom 25%
Balance sheet
Debt / equity 0.22× · Above median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 0.89× · Cheapest 25%
P/S (12 months) 3.55× · Pricier than median
Price / free cash flow (fiscal year) 18.1× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)31 · sector 29
FUTURE (revenue growth)0 · sector 41
PAST (return on equity)0 · sector 20
HEALTH (low debt)89 · sector 98
DIVIDEND (yield)0 · sector 29

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

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Global Sukses Solusi Tbk PT: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Global Sukses Solusi Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/RUNS

Frequently asked questions

Is Global Sukses Solusi Tbk PT (RUNS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 49.31 IDR versus a price of 50.00 IDR, about 1% lower (fairly valued).
What is the fair value of RUNS?
Our model-based fair value for Global Sukses Solusi Tbk PT is 49.31 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 50.00 IDR.
What is the quality score of RUNS?
Global Sukses Solusi Tbk PT 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 Global Sukses Solusi Tbk PT (RUNS)?
Our model-based price target is the fair value of 49.31 IDR (as of Nov 7, 2026) from 7 valuation models. Cautious scenario 22.90 IDR, optimistic scenario 87.00 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Global Sukses Solusi Tbk PT stock forecast for 2026?
Our models put fair value at 49.31 IDR, about 1% lower versus a price of 50.00 IDR (fairly valued). Cautious scenario 22.90 IDR, optimistic scenario 87.00 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Global Sukses Solusi Tbk PT (RUNS)?
Global Sukses Solusi Tbk PT reported trailing-twelve-month revenue of about 13.8B IDR (latest available figure, as of Nov 7, 2026).
What growth is priced into Global Sukses Solusi Tbk PT (RUNS)?
For today's price to be fair in a discounted-cash-flow model, Global Sukses Solusi Tbk PT would have to grow free cash flow by +12.4 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of RUNS use?
Our models discount Global Sukses Solusi Tbk PT at 10.5 %: a base by market capitalisation (nano), damped by beta 0.32, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Global Sukses Solusi Tbk PT that is +12.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Global Sukses Solusi Tbk PT (RUNS) delivered so far?
Over the past 5 years revenue at Global Sukses Solusi Tbk PT grew -5.3 % a year. The price currently implies free-cash-flow growth of +12.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Global Sukses Solusi Tbk PT (RUNS) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Global Sukses Solusi Tbk PT (+12.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Global Sukses Solusi Tbk PT (RUNS)?
The free-cash-flow yield on the price is 5.79 %: that much free cash flow Global Sukses Solusi Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Global Sukses Solusi Tbk PT (RUNS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Global Sukses Solusi Tbk PT it is 49.31 IDR per share (as of Nov 7, 2026), against a price of 50.00 IDR. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Global Sukses Solusi Tbk PT stock overvalued or undervalued in 2026?
As of Nov 7, 2026, RUNS trades above its calculated fair value: price 50.00 IDR, fair value 49.31 IDR, a gap of about −1% (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 RUNS?
No. The price is what the market pays today (50.00 IDR); the fair value is what the company's own numbers justify (49.31 IDR). For Global Sukses Solusi Tbk PT the two are 0.6900 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Global Sukses Solusi Tbk PT worth?
The market values Global Sukses Solusi Tbk PT at about 49.0B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 50.00 IDR; our models calculate a fair value of 49.31 IDR per share.
What do the bullish and bearish scenarios say about RUNS?
Our models span a range for Global Sukses Solusi Tbk PT: cautious scenario 22.90 IDR, base 49.31 IDR, optimistic 87.00 IDR per share (as of Nov 7, 2026, price 50.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Global Sukses Solusi Tbk PT (RUNS)?
Balance-sheet figures for Global Sukses Solusi Tbk PT (as of Nov 7, 2026): return on equity −15.4%, debt of 0.22 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is RUNS from its 52-week high?
Global Sukses Solusi Tbk PT trades at 50.00 IDR, about 59% below its 52-week high of 122.00 IDR and 9% above the low of 46.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 49.31 IDR is for.
Which stocks are comparable to Global Sukses Solusi Tbk PT?
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 Global Sukses Solusi Tbk PT stock attractive at the current price?
The data as of Nov 7, 2026: price 50.00 IDR, calculated fair value 49.31 IDR (−1%), Quality Score 48/100, from 7 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 RUNS calculated?
We run Global Sukses Solusi Tbk PT through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 49.31 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. Global Sukses Solusi 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 Global Sukses Solusi Tbk PT (RUNS)?
The closing price on Nov 6, 2026 was 50.00 IDR. Our model-based fair value is 49.31 IDR, about 1% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Global Sukses Solusi Tbk PT right now?
The model range is unusually wide (22.90 IDR to 87.00 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 Global Sukses Solusi Tbk PT

How large is the market capitalisation of Global Sukses Solusi Tbk PT (RUNS)?
The market capitalisation of Global Sukses Solusi Tbk PT is 49.0B IDR (≈ $2.7M). 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 Global Sukses Solusi Tbk PT (RUNS)?
The price-to-sales ratio of Global Sukses Solusi Tbk PT is 4.40 (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 Global Sukses Solusi Tbk PT (RUNS)?
Earnings per share at Global Sukses Solusi Tbk PT are −12.86 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Global Sukses Solusi Tbk PT (RUNS)?
The net margin of Global Sukses Solusi Tbk PT is −44.3% (fiscal year 2025). 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 Global Sukses Solusi Tbk PT (RUNS)?
The return on equity (ROE) of Global Sukses Solusi Tbk PT is −15.4% (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 Global Sukses Solusi Tbk PT (RUNS)?
On an EBIT basis the return on assets of Global Sukses Solusi Tbk PT is −6.5% (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 Global Sukses Solusi Tbk PT (RUNS)?
The operating margin of Global Sukses Solusi Tbk PT is −27.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Global Sukses Solusi Tbk PT (RUNS)?
Revenue at Global Sukses Solusi Tbk PT is growing −28.3% versus a year earlier (3y avg −18.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Global Sukses Solusi Tbk PT (RUNS) carry?
The net debt of Global Sukses Solusi Tbk PT is 8.4B IDR (fiscal year 2025, ≈ 3.1 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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