Aneka Tambang Persero Tbk (ANTM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Aneka Tambang Persero Tbk stock IDR 1,471, price IDR 2,690, that is 45.3% below the price, quality 71 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Aneka Tambang Persero Tbk
ANTM · JKOur calculation puts a fair price 45% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range 1,074 IDR – 4,435 IDR · fair‑value band 908.10 IDR – 2,221 IDR · the 2,690 IDR price screens above the 1,471 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Company profile
PT Antam (Persero) Tbk operates as a diversified metals and mining company in Indonesia. The company operates through three segments: Nickel, Precious Metals and Refinery, and Bauxite and Alumina.
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The company is involved in the exploration, excavation, processing, and marketing of alumina, nickel ore, ferronickel, gold, silver, bauxite, and coal.
It also engages in construction, trading, industry, mining, agriculture, printing, and ground transportation businesses; and provision of industrial area management services. In addition, the company exports its products.
The company was formerly known as PT Aneka Tambang Tbk and changed its name to PT Antam (Persero) Tbk in February 2026. The company was incorporated in 1968 and is headquartered in Jakarta, Indonesia. PT Antam (Persero) Tbk operates as a subsidiary of PT Mineral Industri Indonesia (Persero).
Stock analysis
Aneka Tambang Persero Tbk (ANTM) currently trades at 2,690 IDR, while our model-based Fair Value estimate is 1,471 IDR, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 7,511 IDR per share, and 20 of the 26 models we run sit above the 2,690 IDR price.
Bear case: the Asset-Based group reads lowest at 240.93 IDR, and 6 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 908.10 IDR (bear) to 2,221 IDR (bull), the price of 2,690 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 71/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Aneka Tambang Persero Tbk reported revenue of 84.6T IDR in FY2025 versus 38.4T IDR in FY2021, a compound +21.8%/yr. Reported net income was 7.2T IDR in FY2025, compounding +40.3%/yr from FY2021.
Key figures
Market cap 64.6T IDR (≈ $3.6B) Mid · P/E ratio 7.3 · P/S ratio 0.64 · EPS (TTM) 370.40 IDR · Dividend yield 7.8% · Net margin 10.0% · Return on equity 28.7% · Return on assets (EBIT) 10.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −45%, ANTM screens richer than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
ANTM screens overvalued: fair value 45% below the price. Compare with Newmont Corporation →
Compare Aneka Tambang Persero 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.Gold · 202 stocks
Valuation Multiplesvs Gold median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks 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 Gold stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Agnico Eagle Mines Limited AEM | $191.57 | $220.07 | +15% | vs ANTM |
| Newmont Corporation NEM | $120.91 | $133.00 | +10% | vs ANTM |
| AngloGold Ashanti plc AU | $92.99 | $88.60 | −5% | vs ANTM |
| Royal Gold, Inc RGLD | $265.81 | $248.53 | −7% | vs ANTM |
| Shandong Gold Mining Co 600547 | ¥26.20 | ¥23.61 | −10% | vs ANTM |
| Franco-Nevada Corporation FNV | $254.95 | $212.28 | −17% | vs ANTM |
| Kinross Gold Corporation KGC | $22.24 | $18.00 | −19% | vs ANTM |
| Northern Star Resources Limited NST | A$25.65 | A$16.87 | −34% | vs ANTM |
| Wheaton Precious Metals Corp WPM | $136.31 | $87.64 | −36% | vs ANTM |
| Zijin Mining Group 601899 | ¥28.28 | ¥15.62 | −45% | vs ANTM |
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Frequently asked questions
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Key figures of Aneka Tambang Persero Tbk
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