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PT Bank Amar Indonesia Tbk (AMAR) Fair Value & Analysis

Financial Services · ID · Market cap 3.6T IDR

PB PT Bank Amar Indonesia Tbk AMAR · JK
Price222.00 IDR
Fair Value180.16 IDR
Upside-18.9%
Quality56/100
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Healthy Growth
Highly profitable · 27.2% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Wide moat 68/100
Evidence: High Range 135.12 IDR – 225.19 IDR Share as image

Fair value as of: Jul 11, 2026

From 4 valuation models · updated 30 days ago

Share price +9.9% over the past month.

A solid business, but screening 19% overvalued on our models.

What matters now

  • Solid but not exceptional quality (56/100) 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.
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Price vs Fair Value (5 years)

664.26 IDR 143.84 IDR Fair Value 180.16 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 143.84 IDR – 664.26 IDR · fair‑value band 135.12 IDR – 225.19 IDR · the 222.00 IDR price screens above the 180.16 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

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Analysis

PT Bank Amar Indonesia Tbk (AMAR) currently trades at 222.00 IDR, while our model-based Fair Value estimate is 180.16 IDR, implying the stock looks roughly 18.9% overvalued today. The Quality Score stands at 56/100 (solid 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 Amar Indonesia Tbk generated revenue of 931B IDR at a net margin of 27.2%. Revenue grew 8.1% year over year. It earns a return on equity of 7.4%. Net debt stands at 160B IDR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 135.12 IDR (bear case) to 225.19 IDR (bull case); at 222.00 IDR, the current price sits within 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 26% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -19%, AMAR 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
Residual Income 157.70 IDR 167.90 IDR 186.15 IDR 76
P/E Multiple 135.12 IDR 180.16 IDR 225.19 IDR 63
P/B Multiple 176.69 IDR 235.59 IDR 294.48 IDR 55
All 4 models by family
Multiples
P/E Multiple 135.12 IDR 180.16 IDR 225.19 IDR 63
P/B Multiple 176.69 IDR 235.59 IDR 294.48 IDR 55
Asset-Based
NCAV (Graham) 94.98 IDR 127.27 IDR 189.96 IDR 50
Economic Profit
Residual Income 157.70 IDR 167.90 IDR 186.15 IDR 76

Widest divergence: Multiples (180.16 IDR) versus Asset-Based (127.27 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 931B IDR
Revenue growth (YoY) +8.1%
Net margin 27.2%
Return on equity 7.4%
Free cash flow 1.3T IDR FY2025
P/E ratio 13.1
More key figures
Operating margin 34.2%
EPS (TTM) 14.00 IDR
EPS growth (YoY) +5.4%
Net debt 160B IDR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 60

Profitability 33
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 40
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 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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank Amar Indonesia Tbk 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.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.9T IDR
Latest YoY
+17.5%
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.
+26.1%
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.
+19.3%
Avg. growth/yr (12Y) 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.
+53.9%
Revenue +23.0%/yr
FY21 820B IDR
FY22 935B IDR
FY23 1.3T IDR
FY24 1.6T IDR
FY25 1.9T IDR
Net income +179.1%/yr
FY21 4.1B IDR
FY22 −155B IDR
FY23 178B IDR
FY24 215B IDR
FY25 250B IDR

AMAR screens 19% overvalued. Compare with KB Financial Group →

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

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 58 · Above median
Fair Value upside −19% · Below median
Return on equity (TTM) 7% · Below median
Return on assets 4% · Top 25%
Net margin (TTM) 27% · Below median
Operating margin (TTM) 34% · Below median
Revenue growth 8% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 14.4× · Pricier than median
P/B 1.06× · Cheaper than median
P/S (TTM) 3.91× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 10.8× · Pricier than median

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 8 · sector 39
FUTURE 41 · sector 44
PAST 29 · sector 41
HEALTH 100 · sector 85
DIVIDEND 0 · sector 49

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 11, 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 Amar Indonesia Tbk (AMAR) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 180.16 IDR versus a price of 222.00 IDR, about −19% (overvalued).
What is the fair value of AMAR?
Our model-based fair value for PT Bank Amar Indonesia Tbk is 180.16 IDR (as of Jul 11, 2026), built from audited fundamentals. The current price is 222.00 IDR.
What is the quality score of AMAR?
PT Bank Amar Indonesia Tbk 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 revenue of PT Bank Amar Indonesia Tbk (AMAR)?
PT Bank Amar Indonesia Tbk reported trailing-twelve-month revenue of about 931B IDR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of AMAR?
The net profit margin of PT Bank Amar Indonesia Tbk is about 27.2%, meaning it keeps roughly 27.2% 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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