PT Asuransi Bintang Tbk (ASBI) Fair Value & Analysis
Financial Services · ID · Market cap 149B IDR
Fair value as of: Jul 18, 2026
From 4 valuation models · updated 24 days ago
Share price +1.0% over the past month.
A solid business, screening 44% undervalued on our models.
What matters now
- The price is below even our cautious bear case (459.06 IDR). The market is more pessimistic than our downside scenario.
- Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 247.25 IDR – 929.11 IDR · fair‑value band 459.06 IDR – 765.10 IDR · the 424.00 IDR price screens below the 612.08 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
PT Asuransi Bintang Tbk (ASBI) currently trades at 424.00 IDR, while our model-based Fair Value estimate is 612.08 IDR, implying the stock looks roughly 44.4% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, PT Asuransi Bintang Tbk generated revenue of 320B IDR at a net margin of 6.9%. Revenue declined 15.0% year over year. It earns a return on equity of 5.0%. The balance sheet holds a net cash position of 6.4B IDR. Fundamentals as of Jul 18, 2026
Our scenario range runs from 459.06 IDR (bear case) to 765.10 IDR (bull case); at 424.00 IDR, the current price sits below 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 39% 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 -12% fair-value upside, at 44%, ASBI screens cheaper 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.
All 4 models by family
Widest divergence: Economic Profit (954.06 IDR) versus Multiples (612.08 IDR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 48
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 Asuransi Bintang Tbk engages in general insurance and reinsurance business in Indonesia. It offers home, fire, travel, micro, motor vehicle, property, engineering, cargo, marine hull and machinery, personal accident, and other insurance products.
Full company description
PT Asuransi Bintang Tbk engages in general insurance and reinsurance business in Indonesia. It offers home, fire, travel, micro, motor vehicle, property, engineering, cargo, marine hull and machinery, personal accident, and other insurance products. The company also provides services, such as policy status check, vehicle and non-vehicle claims, payment, and personal data change and policy extension. PT Asuransi Bintang Tbk was founded in 1955 and is headquartered in Jakarta, Indonesia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Asuransi Bintang Tbk reported revenue of 360B IDR in FY2025 versus 288B IDR in FY2021, a compound +5.8%/yr. Reported net income was 16.4B IDR in FY2025, compounding −0.1%/yr from FY2021.
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Peer Group
Insurance - Diversified · 84 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.
Valuation Multiples vs Insurance - Diversified median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Berkshire Hathaway Inc BRKB | 8,562 MXN | 10,844 MXN | +27% |
| Allianz SE ALV | €421.00 | €369.31 | -12% |
| Zurich Insurance Group ZURN | CHF 624.40 | CHF 619.80 | -1% |
| AXA SA AXAN | 888.28 MXN | 1,249 MXN | +41% |
| Assicurazioni Generali S.p.A G | €42.90 | €12.18 | -72% |
| Sun Life Financial Inc SLF | C$114.20 | C$87.83 | -23% |
| BB Seguridade Participações S.A BBSE3 | R$40.71 | R$60.39 | +48% |
| Tryg A/S TRYG | kr 154.00 | kr 116.45 | -24% |
| PT Sinar Mas Multiartha Tbk SMMA | 20,625 IDR | 4,176 IDR | -80% |
| Caixa Seguridade Participações S.A CXSE3 | R$21.77 | R$18.60 | -15% |
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Frequently asked questions
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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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