Astra International Tbk (ASII) fair value: what the stock is really worth
We calculate from audited financials what Astra International Tbk is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 18, 2026.
How to read this chart
60‑month range 3,146 IDR – 7,044 IDR · fair‑value band 6,305 IDR – 14,163 IDR · the 4,820 IDR price screens below the 9,800 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
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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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. 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 4,820 IDR, while our model-based Fair Value estimate is 9,800 IDR, implying the stock looks roughly 50.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 18,046 IDR per share, and 10 of the 11 models we run sit above the 4,820 IDR price.
Bear case: the Asset-Based group reads lowest at 3,828 IDR, and 1 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 6,305 IDR (bear) to 14,163 IDR (bull), the price of 4,820 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 58/100 (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 195T IDR (≈ $19.5B) · P/E ratio 6.1 · P/S ratio 0.62 · EPS (TTM) 785.19 IDR · Dividend yield 8.1% · Net margin 10.1% · Return on equity 13.3% · Return on assets (EBIT) 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 103%, ASII screens cheaper than that median.
Fair Value models
Bear 6,305 IDRFair Value 9,800 IDRBull 14,163 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 (286.92 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.87/100
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%
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.
+18.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)8.1%
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% vs 8%, 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%
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).
−5.3%
Yearly growth needed for the next five years to justify today's price.
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.
+3.1%
Yearly sales growth analysts expect, extended to five years.
Compare Astra International Tbk with another stock
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.Conglomerates · 377 stocks
Beats the industry median on 14/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Top 25%
Fair Value upside+96% · Top 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets5% · Top 25%
Net margin (TTM)10% · Top 25%
Operating margin (TTM)9% · Above median
Growth and dividend
Revenue growth−6% · Below median
Dividend yield (TTM)8.1% · 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 Sep 18, 2026, our model estimates a fair value of 9,800 IDR versus a price of 4,820 IDR, about +103% upside (undervalued).
What is the fair value of ASII?
Our model-based fair value for Astra International Tbk is 9,800 IDR (as of Sep 18, 2026), built from audited fundamentals. The current price: 4,820 IDR.
What is the quality score of ASII?
Astra International Tbk has a Quality Score of 58/100. 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 9,800 IDR (as of Sep 18, 2026) from 11 valuation models. Cautious scenario 6,305 IDR, optimistic scenario 14,163 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 9,800 IDR, about +103% upside versus a price of 4,820 IDR (undervalued). Cautious scenario 6,305 IDR, optimistic scenario 14,163 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 319T IDR (latest available figure, as of Sep 18, 2026).
Does Astra International Tbk pay a dividend?
Astra International Tbk currently shows a dividend yield of about 8.09% relative to its recent price (as of Sep 18, 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 -5.3 % 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 Sep 18, 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 -5.3 % 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 -5.3 % 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 +2.6 % a year. That is the yardstick for the growth priced into Astra International Tbk (-5.3 % 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 17.48 %: 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 9,800 IDR per share (as of Sep 18, 2026), against a price of 4,820 IDR. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Astra International Tbk stock overvalued or undervalued in 2026?
As of Sep 18, 2026, ASII trades below its calculated fair value: price 4,820 IDR, fair value 9,800 IDR, a gap of about +103% (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 (4,820 IDR); the fair value is what the company's own numbers justify (9,800 IDR). For Astra International Tbk the two are 4,980 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 195T IDR (market capitalisation, as of Sep 18, 2026). Per share that is 4,820 IDR; our models calculate a fair value of 9,800 IDR per share.
What do the bullish and bearish scenarios say about ASII?
Our models span a range for Astra International Tbk: cautious scenario 6,305 IDR, base 9,800 IDR, optimistic 14,163 IDR per share (as of Sep 18, 2026, price 4,820 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 6.1 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9,800 IDR is built from several models across several years. Other multiples: PEG 0.8, P/B 0.8, P/S 0.6, EV/EBITDA 3.1.
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 Sep 18, 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 Sep 18, 2026): return on equity 13.3%, debt of 0.17 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is ASII from its 52-week high?
Astra International Tbk trades at 4,820 IDR, about 32% below its 52-week high of 7,116 IDR and 17% above the low of 4,119 IDR (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 9,800 IDR is for.
Which stocks are comparable to Astra International Tbk?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, 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 Sep 18, 2026: price 4,820 IDR, calculated fair value 9,800 IDR (+103%), Quality Score 58/100, from 11 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 11 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 9,800 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 16.1 % above its aggregate fair value. Astra International Tbk currently trades 103 % 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 Sep 21, 2026 was 4,820 IDR. Our model-based fair value is 9,800 IDR, about +103% 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 (6,305 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 (58/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (6,305 IDR to 14,163 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 195T IDR (≈ $19.5B). 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 0.62 (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 Astra International Tbk (ASII)?
Earnings per share at Astra International Tbk are 785.19 IDR (price ÷ EPS = P/E 6.1). 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 8.1% (payout 49.7%). 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 10.1% (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 Astra International Tbk (ASII)?
The return on equity (ROE) of Astra International Tbk is 13.3% (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 8.6% (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 −5.6% 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 −14.6% 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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