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PT Bank IBK Indonesia Tbk (AGRS) Fair Value & Analysis

Financial Services · ID · Market cap 2.8T IDR

PB PT Bank IBK Indonesia Tbk AGRS · JK
Price61.00 IDR
Fair Value45.58 IDR
Upside-25.3%
Quality26/100
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Expensive Growth
Highly profitable · 29.8% net margin
Moderate debt · negative free cash flow
Trails peers (2/12)
Moderate moat 59/100
Evidence: High Range 34.19 IDR – 56.98 IDR Share as image

Fair value as of: Jul 13, 2026

From 4 valuation models · updated 28 days ago

Share price +3.4% over the past month.

Below-average quality, and screening another 25% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (56.98 IDR). The favourable scenario is already priced in.
  • Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

564.14 IDR 51.00 IDR Fair Value 45.58 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 51.00 IDR – 564.14 IDR · fair‑value band 34.19 IDR – 56.98 IDR · the 61.00 IDR price screens above the 45.58 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

PT Bank IBK Indonesia Tbk (AGRS) currently trades at 61.00 IDR, while our model-based Fair Value estimate is 45.58 IDR, implying the stock looks roughly 25.3% overvalued today. The Quality Score stands at 26/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Bank IBK Indonesia Tbk generated revenue of 662B IDR at a net margin of 29.8%. Revenue declined 28.2% year over year. It earns a return on equity of 3.5%. Net debt stands at 3.0T IDR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 34.19 IDR (bear case) to 56.98 IDR (bull case); at 61.00 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -25%, AGRS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
P/E Multiple 40.22 IDR 53.62 IDR 67.03 IDR 63
Residual Income 90.39 IDR 88.93 IDR 78.62 IDR 61
P/B Multiple 52.59 IDR 70.12 IDR 87.65 IDR 55
All 4 models by family
Multiples
P/E Multiple 40.22 IDR 53.62 IDR 67.03 IDR 63
P/B Multiple 52.59 IDR 70.12 IDR 87.65 IDR 55
Asset-Based
NCAV (Graham) 60.75 IDR 81.40 IDR 121.49 IDR 50
Economic Profit
Residual Income 90.39 IDR 88.93 IDR 78.62 IDR 61

Widest divergence: Economic Profit (88.93 IDR) versus Multiples (53.62 IDR). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 662B IDR
Revenue growth (YoY) -28.2%
Net margin 29.8%
Return on equity 3.5%
Free cash flow −280B IDR FY2025
P/E ratio 15.7
More key figures
Operating margin 33.4%
EPS (TTM) 3.76 IDR
EPS growth (YoY) -8.7%
Net debt 3.0T IDR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 26/100

Of which business quality 23 · Market factors (momentum, volatility) 38

Profitability 23
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Bank IBK Indonesia Tbk provides various banking products and services in Indonesia. The company offers current accounts; savings and time deposits; ATM services; and various loans. The company was founded in 1973 and is headquartered in Jakarta Pusat, Indonesia. PT Bank IBK Indonesia Tbk is a subsidiary of Industrial Bank of Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank IBK Indonesia Tbk reported revenue of 1.5T IDR in FY2025 versus 616B IDR in FY2021, a compound +24.7%/yr. Reported net income was 197B IDR in FY2025, compounding +98.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.5T IDR
Latest YoY
+1.4%
Avg. growth/yr (3Y) 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.
+18.6%
Avg. growth/yr (5Y) 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.
+25.3%
Avg. growth/yr (14Y) 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.
+24.3%
Revenue +24.7%/yr
FY21 616B IDR
FY22 894B IDR
FY23 1.4T IDR
FY24 1.5T IDR
FY25 1.5T IDR
Net income +98.3%/yr
FY21 12.8B IDR
FY22 103B IDR
FY23 183B IDR
FY24 216B IDR
FY25 197B IDR
Character of growth · EPS growth decomposed (2014-2025) +25.5 % p.a.
Revenue per share −5.8 pp

of which total revenue +16.1 pp · buybacks/dilution −21.9 pp

EBIT margin +28.5 pp
Tax rate +3.7 pp
Residual (interest, one-offs) −0.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

AGRS screens 25% overvalued. Compare with KB Financial Group →

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Cite: Fair Value Calculator (2026). "PT Bank IBK Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/AGRS

Peer Group

Banks - Regional · 1083 stocks

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.

Quality Score 27 · Bottom 25%
Fair Value upside −25% · Bottom 25%
Return on equity (TTM) 3% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 30% · Above median
Operating margin (TTM) 33% · Below median
Revenue growth -28% · Bottom 25%
Debt / equity 0.89× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 15.7× · Pricier than 75% of peers
P/B 0.49× · Cheaper than 75% of peers
P/S (TTM) 4.27× · Pricier than median
EV/EBITDA 17.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 39
FUTURE 0 · sector 44
PAST 14 · sector 41
HEALTH 56 · sector 85
DIVIDEND 0 · sector 49

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is PT Bank IBK Indonesia Tbk (AGRS) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 45.58 IDR versus a price of 61.00 IDR, about −25% (overvalued).
What is the fair value of AGRS?
Our model-based fair value for PT Bank IBK Indonesia Tbk is 45.58 IDR (as of Jul 13, 2026), built from audited fundamentals. The current price is 61.00 IDR.
What is the quality score of AGRS?
PT Bank IBK Indonesia Tbk has a Quality Score of 26/100. 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 revenue of PT Bank IBK Indonesia Tbk (AGRS)?
PT Bank IBK Indonesia Tbk reported trailing-twelve-month revenue of about 662B IDR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of AGRS?
The net profit margin of PT Bank IBK Indonesia Tbk is about 29.8%, meaning it keeps roughly 29.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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