Bank Amar Indonesia (AMAR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bank Amar Indonesia IDR 145, price IDR 234, upside -38.2%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 143.84 IDR – 664.26 IDR · fair‑value band 141.66 IDR – 144.62 IDR · the 234.00 IDR price screens above the 144.62 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PT Bank Amar Indonesia Tbk provides banking products and services in Indonesia. The company operates through Online, Brick and mortar, and Head Office segments. Its deposit products include demand, saving, and time deposit; certificate of deposit; and other form of deposits, including deposit from other banks.
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PT Bank Amar Indonesia Tbk provides banking products and services in Indonesia. The company operates through Online, Brick and mortar, and Head Office segments. Its deposit products include demand, saving, and time deposit; certificate of deposit; and other form of deposits, including deposit from other banks. The company also offers working capital loans and investment loans, such as installment, fixed, demand, and stand by; consumer loans, such as multi-purpose loans; housing, consumer, and third-party loans; and debit cards. In addition, it provides digital account opening, transfer, direct debit, QRSI payment, settlement, bill payment, financial, and treasury management services. The company was formerly known as PT. Anglomas International Bank and changed its name to PT Bank Amar Indonesia in 2014. PT Bank Amar Indonesia Tbk was founded in 1991 and is headquartered in Setiabudi, Indonesia. PT Bank Amar Indonesia Tbk is a subsidiary of Tolaram Pte. Ltd.
Stock analysis
Bank Amar Indonesia (AMAR) currently trades at 234.00 IDR, while our model-based Fair Value estimate is 144.62 IDR, implying the stock looks roughly 61.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 180.16 IDR per share, and 1 of the 4 models we run sit above the 234.00 IDR price.
Bear case: the Asset-Based group reads lowest at 127.27 IDR, and 3 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 141.66 IDR (bear) to 144.62 IDR (bull), the price of 234.00 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 56/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank Amar Indonesia reported revenue of 1.9T IDR in FY2025 versus 820B IDR in FY2021, a compound +23.0%/yr. Reported net income was 250B IDR in FY2025, compounding +179.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 4.3T IDR (≈ $430M) · P/E ratio 16.7 · P/S ratio 2.23 · EPS (TTM) 14.00 IDR · Net margin 13.3% · Return on equity 7.4% · Return on assets (EBIT) 2.2% · Operating margin 34.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −38%, AMAR screens richer than that median.
Fair Value models
Bear 141.66 IDRFair Value 144.62 IDRBull 144.62 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (10.28 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.Evidence ⓘEvidence = 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.5%
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.
+26.1%
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.
+19.3%
Start year 2020 (pandemic). Over 10 years: +46.9% a year
Revenue growth 12 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.
+53.9%
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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.
+80.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+80.1%
Dividend (yield on the price)0.0%
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.80% vs 47%, picking up
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.3% → 17%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−20.5%
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 −22.5% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 1074 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−38% · Bottom 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets4% · Top 25%
Net margin (TTM)27% · Below median
Operating margin (TTM)34% · Below median
Growth and dividend
Revenue growth8% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)16.7× · Priciest 25%
P/B1.26× · Pricier than median
P/S (TTM)4.62× · Priciest 25%
P/FCF0.0× · Cheapest 25%
EV/EBITDA12.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)41· sector 45
PAST (return on equity)29· sector 41
HEALTH (low debt)100· sector 85
DIVIDEND (yield)0· sector 53
VALUE 0: the price sits above our fair-value range.
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). "Bank Amar Indonesia Fair Value". https://www.fairvalue-calculator.com/stock/AMAR
Frequently asked questions
Is Bank Amar Indonesia (AMAR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 144.62 IDR versus a price of 234.00 IDR, about −38% upside (overvalued).
What is the fair value of AMAR?
Our model-based fair value for Bank Amar Indonesia is 144.62 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 234.00 IDR.
What is the quality score of AMAR?
Bank Amar Indonesia has a Quality Score of 56/100. 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 Amar Indonesia (AMAR)?
Our model-based price target is the fair value of 144.62 IDR (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 141.66 IDR, optimistic scenario 144.62 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Amar Indonesia stock forecast for 2026?
Our models put fair value at 144.62 IDR, about −38% upside versus a price of 234.00 IDR (overvalued). Cautious scenario 141.66 IDR, optimistic scenario 144.62 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Amar Indonesia (AMAR)?
Bank Amar Indonesia reported trailing-twelve-month revenue of about 931B IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Bank Amar Indonesia (AMAR)?
For today's price to be fair in a discounted-cash-flow model, Bank Amar Indonesia would have to grow free cash flow by -20.5 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AMAR use?
Our models discount Bank Amar Indonesia at 12.0 %: a base by market capitalisation (small), damped by beta 0.15, 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 Bank Amar Indonesia that is -20.5 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Bank Amar Indonesia (AMAR) delivered so far?
Over the past 5 years revenue at Bank Amar Indonesia grew +19.3 % a year. The price currently implies -20.5 % per year free-cash-flow growth a 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 Bank Amar Indonesia (AMAR) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Bank Amar Indonesia (-20.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bank Amar Indonesia (AMAR)?
The free-cash-flow yield on the price is 29.71 %: that much free cash flow Bank Amar Indonesia produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bank Amar Indonesia (AMAR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Amar Indonesia it is 144.62 IDR per share (as of Sep 24, 2026), against a price of 234.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank Amar Indonesia stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AMAR trades above its calculated fair value: price 234.00 IDR, fair value 144.62 IDR, a gap of about −38% (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 AMAR?
No. The price is what the market pays today (234.00 IDR); the fair value is what the company's own numbers justify (144.62 IDR). For Bank Amar Indonesia the two are 89.38 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Amar Indonesia worth?
The market values Bank Amar Indonesia at about 4.3T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 234.00 IDR; our models calculate a fair value of 144.62 IDR per share.
What do the bullish and bearish scenarios say about AMAR?
Our models span a range for Bank Amar Indonesia : cautious scenario 141.66 IDR, base 144.62 IDR, optimistic 144.62 IDR per share (as of Sep 24, 2026, price 234.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AMAR?
Bank Amar Indonesia trades at a price-to-earnings ratio of 16.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 144.62 IDR is built from several models across several years. Other multiples: P/B 1.3, P/S 4.6, EV/EBITDA 12.8.
How solid is the balance sheet of Bank Amar Indonesia (AMAR)?
Balance-sheet figures for Bank Amar Indonesia (as of Sep 24, 2026): return on equity 7.4%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is AMAR from its 52-week high?
Bank Amar Indonesia trades at 234.00 IDR, about 11% below its 52-week high of 261.88 IDR and 31% above the low of 178.38 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 144.62 IDR is for.
Which stocks are comparable to Bank Amar Indonesia ?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Amar Indonesia stock attractive at the current price?
The data as of Sep 24, 2026: price 234.00 IDR, calculated fair value 144.62 IDR (−38%), Quality Score 56/100, from 4 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 AMAR calculated?
We run Bank Amar Indonesia through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 144.62 IDR, 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 14.1 % above its aggregate fair value. Bank Amar Indonesia 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 Amar Indonesia (AMAR)?
The closing price on Sep 23, 2026 was 234.00 IDR. Our model-based fair value is 144.62 IDR, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Amar Indonesia right now?
The price sits above even our optimistic bull case (144.62 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 (56/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (141.66 IDR to 144.62 IDR), unusually little disagreement for a valuation.
Key figures of Bank Amar Indonesia
How large is the market capitalisation of Bank Amar Indonesia (AMAR)?
The market capitalisation of Bank Amar Indonesia is 4.3T IDR (≈ $430M). 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 Amar Indonesia (AMAR)?
The price-to-sales ratio of Bank Amar Indonesia is 2.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bank Amar Indonesia (AMAR)?
Earnings per share at Bank Amar Indonesia are 14.00 IDR (price ÷ EPS = P/E 16.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Amar Indonesia (AMAR)?
The net margin of Bank Amar Indonesia is 13.3% (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 Bank Amar Indonesia (AMAR)?
The return on equity (ROE) of Bank Amar Indonesia is 7.4% (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 Bank Amar Indonesia (AMAR)?
On an EBIT basis the return on assets of Bank Amar Indonesia is 2.2% (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 Amar Indonesia (AMAR)?
The operating margin of Bank Amar Indonesia is 34.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Amar Indonesia (AMAR)?
Revenue at Bank Amar Indonesia is growing +8.1% versus a year earlier (3y avg +26.1%). 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 Amar Indonesia (AMAR)?
Earnings per share at Bank Amar Indonesia are growing +5.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bank Amar Indonesia (AMAR) carry?
The net debt of Bank Amar Indonesia is 160B IDR (fiscal year 2025, ≈ 0.1 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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