Asuransi Bintang Tbk (ASBI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Asuransi Bintang Tbk IDR 702, price IDR 392, upside +79.0%, quality 53 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 247.25 IDR – 929.11 IDR · fair‑value band 526.25 IDR – 877.08 IDR · the 392.00 IDR price screens below the 701.66 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 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.
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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.
Stock analysis
Asuransi Bintang Tbk (ASBI) currently trades at 392.00 IDR, while our model-based Fair Value estimate is 701.66 IDR, implying the stock looks roughly 44.1% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 933.38 IDR per share, and 4 of the 4 models we run sit above the 392.00 IDR price.
Bear case: the Multiples group reads lowest at 612.08 IDR, and 0 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 526.25 IDR (bear) to 877.08 IDR (bull), the price of 392.00 IDR sits below 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 53/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap 149B IDR (≈ $8.3M) · P/E ratio 8.0 · P/S ratio 0.36 · EPS (TTM) 49.19 IDR · Net margin 4.6% · Return on equity 5.0% · Return on assets (EBIT) −1.8% · Operating margin 3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −24% fair-value upside, at 79%, ASBI screens cheaper than that median.
Fair Value models
Bear 526.25 IDRFair Value 701.66 IDRBull 877.08 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 (36.11 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.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+112.5%
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.
+6.3%
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.
+3.4%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 25 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.
+6.5%
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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. Basis: EBIT basis. 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.
≈ +33.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.5%
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.0% vs 1%, steady
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.−4% → 5%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 182% above its own trend.
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.Insurance - Diversified · 83 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside+77% · Top 25%
Profitability
Return on equity (TTM)5% · Bottom 25%
Return on assets−1% · Bottom 25%
Net margin (TTM)7% · Below median
Operating margin (TTM)4% · Bottom 25%
Growth and dividend
Revenue growth−15% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
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). "Asuransi Bintang Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ASBI
Frequently asked questions
Is Asuransi Bintang Tbk (ASBI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 701.66 IDR versus a price of 392.00 IDR, about +79% upside (undervalued).
What is the fair value of ASBI?
Our model-based fair value for Asuransi Bintang Tbk is 701.66 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 392.00 IDR.
What is the quality score of ASBI?
Asuransi Bintang Tbk has a Quality Score of 53/100. 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 Asuransi Bintang Tbk (ASBI)?
Our model-based price target is the fair value of 701.66 IDR (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 526.25 IDR, optimistic scenario 877.08 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Asuransi Bintang Tbk stock forecast for 2026?
Our models put fair value at 701.66 IDR, about +79% upside versus a price of 392.00 IDR (undervalued). Cautious scenario 526.25 IDR, optimistic scenario 877.08 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Asuransi Bintang Tbk (ASBI)?
Asuransi Bintang Tbk reported trailing-twelve-month revenue of about 320B IDR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Asuransi Bintang Tbk (ASBI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asuransi Bintang Tbk it is 701.66 IDR per share (as of Sep 24, 2026), against a price of 392.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Asuransi Bintang Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ASBI trades below its calculated fair value: price 392.00 IDR, fair value 701.66 IDR, a gap of about +79% (undervalued). 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 ASBI?
No. The price is what the market pays today (392.00 IDR); the fair value is what the company's own numbers justify (701.66 IDR). For Asuransi Bintang Tbk the two are 309.66 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Asuransi Bintang Tbk worth?
The market values Asuransi Bintang Tbk at about 149B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 392.00 IDR; our models calculate a fair value of 701.66 IDR per share.
What do the bullish and bearish scenarios say about ASBI?
Our models span a range for Asuransi Bintang Tbk: cautious scenario 526.25 IDR, base 701.66 IDR, optimistic 877.08 IDR per share (as of Sep 24, 2026, price 392.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASBI?
Asuransi Bintang Tbk trades at a price-to-earnings ratio of 8.0 (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 701.66 IDR is built from several models across several years. Other multiples: P/B 0.3, P/S 0.5.
How solid is the balance sheet of Asuransi Bintang Tbk (ASBI)?
Balance-sheet figures for Asuransi Bintang Tbk (as of Sep 24, 2026): return on equity 5.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is ASBI from its 52-week high?
Asuransi Bintang Tbk trades at 392.00 IDR, about 28% below its 52-week high of 542.43 IDR and 2% above the low of 384.63 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 701.66 IDR is for.
Which stocks are comparable to Asuransi Bintang Tbk?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, 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 Asuransi Bintang Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 392.00 IDR, calculated fair value 701.66 IDR (+79%), Quality Score 53/100, 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 ASBI calculated?
We run Asuransi Bintang Tbk 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 701.66 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 13.0 % above its aggregate fair value. Asuransi Bintang Tbk currently trades 79 % below its own fair value, and the market average says nothing about that. 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 Asuransi Bintang Tbk (ASBI)?
The closing price on Sep 24, 2026 was 392.00 IDR. Our model-based fair value is 701.66 IDR, about +79% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asuransi Bintang Tbk right now?
The price is below even our cautious bear case (526.25 IDR). The market is more pessimistic than our downside scenario. 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 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.
Key figures of Asuransi Bintang Tbk
How large is the market capitalisation of Asuransi Bintang Tbk (ASBI)?
The market capitalisation of Asuransi Bintang Tbk is 149B IDR (≈ $8.3M). 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 Asuransi Bintang Tbk (ASBI)?
The price-to-sales ratio of Asuransi Bintang Tbk is 0.36 (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 Asuransi Bintang Tbk (ASBI)?
Earnings per share at Asuransi Bintang Tbk are 49.19 IDR (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Asuransi Bintang Tbk (ASBI)?
The net margin of Asuransi Bintang Tbk is 4.6% (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 Asuransi Bintang Tbk (ASBI)?
The return on equity (ROE) of Asuransi Bintang Tbk is 5.0% (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 Asuransi Bintang Tbk (ASBI)?
On an EBIT basis the return on assets of Asuransi Bintang Tbk is −1.8% (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 Asuransi Bintang Tbk (ASBI)?
The operating margin of Asuransi Bintang Tbk is 3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asuransi Bintang Tbk (ASBI)?
Revenue at Asuransi Bintang Tbk is growing −15.0% versus a year earlier (3y avg +6.3%). 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 Asuransi Bintang Tbk (ASBI)?
Earnings per share at Asuransi Bintang Tbk are growing +356% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Asuransi Bintang Tbk (ASBI) generate?
The free cash flow of Asuransi Bintang Tbk is −5.1B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Asuransi Bintang Tbk (ASBI) hold?
Asuransi Bintang Tbk holds more cash than debt, 6.4B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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