Astra International Tbk (ASII) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Astra International Tbk stock IDR 9,860, price IDR 4,930, upside +100.0%, quality 60 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 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. As of Nov 6, 2026.
How to read this chart
60‑month range 3,146 IDR – 7,044 IDR · fair‑value band 5,742 IDR – 14,114 IDR · the 4,930 IDR price screens below the 9,860 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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PT Astra International Tbk, together with its subsidiaries, operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.
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It operates in Automotive, Financial Services, Heavy Equipment and Mining, construction, and energy, infrastructure and logistics, Agribusiness, Information Technology, and Property segments. The Automotive segment includes car, motorcycle, component, and others.
Its Financial Services segment engages in car, motorcycle, heavy equipment financing, and Insurance. The Heavy Equipment and Mining, construction, and energy segment engages in construction machines, mining contractor, mining, and construction.
Its infrastructure and logistics segment includes infrastructure and logistics value chain services; Agribusiness segment include oil palm plantations and their derivative products.
The Information Technology segment comprises document solutions, IT Solutions, and office solutions; and Property development segment. The company also engages in sales of spare parts, heavy equipment and rental services, mining and related services.
The company was founded in 1957 and is headquartered in Jakarta, Indonesia. PT Astra International Tbk is a subsidiary of Jardine Cycle & Carriage Limited.
Stock analysis
Astra International Tbk (ASII) currently trades at 4,930 IDR, while our model-based Fair Value estimate is 9,860 IDR, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 15,244 IDR per share, and 10 of the 13 models we run sit above the 4,930 IDR price.
Bear case: the Asset-Based group reads lowest at 3,555 IDR, and 3 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 5,742 IDR (bear) to 14,114 IDR (bull), the price of 4,930 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 60/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Astra International Tbk reported revenue of 323T IDR in FY2025 versus 233T IDR in FY2021, a compound +8.5%/yr. Reported net income was 32.8T IDR in FY2025, compounding +12.9%/yr from FY2021.
Key figures
Market cap 197T IDR (≈ $10.9B) Large · P/E ratio 6.6 · P/S ratio 0.61 · EPS (TTM) 746.00 IDR · Dividend yield 5.9% · Net margin 9.2% · Return on equity 11.6% · Return on assets (EBIT) 9.2%.
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 30% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 100%, ASII screens cheaper than that median.
Fair Value models
Bear5,742 IDRFair Value 9,860 IDRBull14,114 IDR
Price 4,930 IDR · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (385.59 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.3%
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.
+2.4%
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.
+13.1%
Start year 2020 (pandemic). Over 10 years: +5.8% 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.
+10.2%
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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.
+16.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)5.9%
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.10.2% vs 8.0%, 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.11% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−5.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −7.6% a year for the price and −0.1% for the forecasts.
AI conclusion: The conglomerate strengthens its position by tightening control over the automotive components chain, yet uneven results from mining and heavy equipment expose it to persistent cyclical swings that limit overall stability.
Main risk: Named Chinese electric vehicle makers such as BYD and Chery could gain share with cheaper models or trigger price competition in Indonesia's automotive market, reducing volumes or margins for Astra's vehicle and parts businesses.
Bull case: Astra could maintain its automotive position through its multi-technology vehicle strategy and diversified segments while navigating environmental rules via compliance upgrades.
Bear case: If Chinese competition intensifies and mining permits remain restricted, Astra's core automotive and mining segments could see sustained lower contributions, pressuring overall profitability.
Astra is deepening its stake in auto-parts subsidiary Astra Otoparts through a current voluntary tender offer. This move strengthens control over a core part of the automotive value chain even as first-half results showed profit pressure from the mining and heavy-equipment segments. Our models see the shares as undervalued. Does the company gain more long-term stability by tightening its grip on components, or does the uneven segment performance point to deeper cyclical risks?
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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.Conglomerates · 307 stocks
Beats the industry median on 14/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)11.6% · Above median
Return on assets6.5% · Top 25%
Net margin (12 months)9.2% · Above median
Operating margin (12 months)10.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.4% · Below median
Dividend yield (12 months)5.9% · Top 25%
Balance sheet
Debt / equity0.17× · Below median
Valuation Multiplesvs Conglomerates 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). "Astra International Tbk Fair Value". https://www.fairvalue-calculator.com/stock/ASII
Frequently asked questions
Is Astra International Tbk (ASII) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 9,860 IDR versus a price of 4,930 IDR, about +100% upside (undervalued).
What is the fair value of ASII?
Our model-based fair value for Astra International Tbk is 9,860 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 4,930 IDR.
What is the quality score of ASII?
Astra International Tbk has a Quality Score of 60/100. 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 Astra International Tbk (ASII)?
Our model-based price target is the fair value of 9,860 IDR (as of Nov 6, 2026) from 13 valuation models. Cautious scenario 5,742 IDR, optimistic scenario 14,114 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Astra International Tbk stock forecast for 2026?
Our models put fair value at 9,860 IDR, about +100% upside versus a price of 4,930 IDR (undervalued). Cautious scenario 5,742 IDR, optimistic scenario 14,114 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Astra International Tbk (ASII)?
Astra International Tbk reported trailing-twelve-month revenue of about 324T IDR (latest available figure, as of Nov 6, 2026).
Does Astra International Tbk pay a dividend?
Astra International Tbk currently shows a dividend yield of 5.92% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Astra International Tbk (ASII)?
For today's price to be fair in a discounted-cash-flow model, Astra International Tbk would have to grow free cash flow by -5.2 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.1 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of ASII use?
Our models discount Astra International Tbk at 11.5 %: a base by market capitalisation (large), 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 Astra International Tbk that is -5.2 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Astra International Tbk (ASII) delivered so far?
Over the past 5 years revenue at Astra International Tbk grew +13.1 % a year. The price currently implies -5.2 % 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 Astra International Tbk (ASII) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Astra International Tbk (-5.2 % 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 Astra International Tbk (ASII)?
The free-cash-flow yield on the price is 17.32 %: that much free cash flow Astra International Tbk produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Astra International Tbk (ASII)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Astra International Tbk it is 9,860 IDR per share (as of Nov 6, 2026), against a price of 4,930 IDR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Astra International Tbk stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ASII trades below its calculated fair value: price 4,930 IDR, fair value 9,860 IDR, a gap of about +100% (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 ASII?
No. The price is what the market pays today (4,930 IDR); the fair value is what the company's own numbers justify (9,860 IDR). For Astra International Tbk the two are 4,930 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Astra International Tbk worth?
The market values Astra International Tbk at about 197T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 4,930 IDR; our models calculate a fair value of 9,860 IDR per share.
What do the bullish and bearish scenarios say about ASII?
Our models span a range for Astra International Tbk: cautious scenario 5,742 IDR, base 9,860 IDR, optimistic 14,114 IDR per share (as of Nov 6, 2026, price 4,930 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASII?
Astra International Tbk trades at a price-to-earnings ratio of 6.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9,860 IDR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 12.2. Other multiples: PEG 0.8, P/B 0.9, P/S 0.6, EV/EBITDA 3.5.
What is the PEG ratio of ASII?
The PEG ratio of Astra International Tbk is 0.77 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Astra International Tbk (ASII)?
Balance-sheet figures for Astra International Tbk (as of Nov 6, 2026): return on equity 11.6%, debt of 0.17 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is ASII from its 52-week high?
Astra International Tbk trades at 4,930 IDR, about 30% below its 52-week high of 7,044 IDR and 19% above the low of 4,130 IDR (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 9,860 IDR is for.
Which stocks are comparable to Astra International Tbk?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, CITIC 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 Astra International Tbk stock attractive at the current price?
The data as of Nov 6, 2026: price 4,930 IDR, calculated fair value 9,860 IDR (+100%), Quality Score 60/100, from 13 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 ASII calculated?
We run Astra International Tbk through 13 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 9,860 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 15.5% above its aggregate fair value. Astra International Tbk currently trades 50% 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 Astra International Tbk (ASII)?
The closing price on Nov 5, 2026 was 4,930 IDR. Our model-based fair value is 9,860 IDR, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Astra International Tbk right now?
The price is below even our cautious bear case (5,742 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 (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (5,742 IDR to 14,114 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Astra International Tbk (ASII) come from?
Earnings per share at Astra International Tbk grew +8.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.2 %, EBIT margin +3.2 %, tax rate −0.2 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Astra International Tbk
How large is the market capitalisation of Astra International Tbk (ASII)?
The market capitalisation of Astra International Tbk is 197T IDR (≈ $10.9B). 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 Astra International Tbk (ASII)?
The price-to-sales ratio of Astra International Tbk is 0.61 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Astra International Tbk (ASII)?
Earnings per share at Astra International Tbk are 746.00 IDR (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Astra International Tbk (ASII)?
The dividend yield of Astra International Tbk is 5.9% (payout 39.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Astra International Tbk (ASII)?
The net margin of Astra International Tbk is 9.2% (last twelve months). 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 Astra International Tbk (ASII)?
The return on equity (ROE) of Astra International Tbk is 11.6% (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 Astra International Tbk (ASII)?
On an EBIT basis the return on assets of Astra International Tbk is 9.2% (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 Astra International Tbk (ASII)?
The operating margin of Astra International Tbk is 10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Astra International Tbk (ASII)?
Revenue at Astra International Tbk is growing +6.4% versus a year earlier (3y avg +2.4%). 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 Astra International Tbk (ASII)?
Earnings per share at Astra International Tbk are growing +2.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Astra International Tbk (ASII) carry?
The net debt of Astra International Tbk is 58.8T IDR (fiscal year 2025, ≈ 1.7 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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Thin data
Nov 6, 2026