Bank Rakyat Indonesia Persero (BBRI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bank Rakyat Indonesia Persero stock IDR 3,792, price IDR 2,810, upside +34.9%, quality 64 out of 100. Rating: undervalued. Calculated from audited financials with 6 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 2,534 IDR – 5,213 IDR · fair‑value band 2,844 IDR – 4,740 IDR · the 2,810 IDR price screens below the 3,792 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 Bank Rakyat Indonesia (Persero) Tbk provides various banking products and services in Indonesia and internationally.
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The company offers savings and current accounts; time, foreign currency time, and on-call deposits; mortgage, working capital, investment, franchise, and cash collateral loans, as well as supply and value chain financing and bank guarantees; and microphone, small and medium, and program loans.
It also provides bill payment, deposit, online transaction, remittance, money transfer, business, financial, institutional, treasury and global, custodian, trustee, and cash management services.
In addition, the company offers investment products and services; trade finance and services, and transaction banking services, including import and export, standby L/C, money changer, BRI RTE online system services, as well as letters of credit; credit cards; and wealth management, merchant, and digital banking services.
Further, it provides life and general insurance, securities underwriting and brokerage, and venture capital services. PT Bank Rakyat Indonesia (Persero) Tbk was founded in 1895 and is headquartered in Jakarta, Indonesia.
PT Bank Rakyat Indonesia (Persero) Tbk operates as a subsidiary of PT Danantara Asset Management (Persero).
Stock analysis
Bank Rakyat Indonesia Persero (BBRI) currently trades at 2,810 IDR, while our model-based Fair Value estimate is 3,792 IDR, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 4,897 IDR per share, and 3 of the 6 models we run sit above the 2,810 IDR price.
Bear case: the Asset-Based group reads lowest at 1,289 IDR, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2,844 IDR (bear) to 4,740 IDR (bull), the price of 2,810 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 64/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank Rakyat Indonesia Persero reported revenue of 310T IDR in FY2025 versus 176T IDR in FY2021, a compound +15.2%/yr. Reported net income was 56.7T IDR in FY2025, compounding +14.1%/yr from FY2021.
Key figures
Market cap 423T IDR (≈ $23.4B) Large · P/E ratio 6.9 · P/S ratio 2.88 · EPS (TTM) 410.03 IDR · Dividend yield 7.4% · Net margin 41.7% · Return on equity 19.0% · Return on assets (EBIT) 3.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −34% fair-value upside, at 35%, BBRI screens cheaper than that median.
Fair Value models
Bear2,844 IDRFair Value 3,792 IDRBull4,740 IDR
Price 2,810 IDR · Upside +34.9%
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 (170.74 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
+15.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.0%
Dividend (yield on the price)7.4%
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.8.0% vs 6.2%, 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.18% → 24%
AI conclusion: The core strength is its microfinance and regional lending model supporting steady growth, while the main weak point remains the absence of any clear durable moat and thin governance signals.
Main risk: Rivals such as Bank Jago and SeaBank with ecosystem integrations could draw away microfinance and regional lending customers from BRI or force lower prices and margins.
Bull case: BRI could integrate its extensive agent network and micro expertise with digital platforms to retain and grow its customer base despite competition.
Bear case: If digital competitors capture significant share in micro lending, BRI's core business could face sustained pressure on volumes and profitability.
BRI continues its second-phase share buyback of up to one trillion rupiah through January, funded internally and aimed at optimising shareholder value while maintaining strong capital ratios. Our models see the stock as undervalued. Does this step mainly reduce shares outstanding to lift earnings per share, or does it underscore that the core microfinance and regional lending model can keep delivering steady growth amid market swings?
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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.Banks - Regional · 1002 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+34.9% · Top 25%
Profitability
Return on equity (12 months)19.0% · Top 25%
Return on assets2.7% · Top 25%
Net margin (12 months)41.7% · Top 25%
Operating margin (12 months)41.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.0% · Below median
Dividend yield (12 months)7.4% · Top 25%
Balance sheet
Debt / equity0.15× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bank Rakyat Indonesia Persero Fair Value". https://www.fairvalue-calculator.com/stock/BBRI
Frequently asked questions
Is Bank Rakyat Indonesia Persero (BBRI) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 3,792 IDR versus a price of 2,810 IDR, about +35% upside (undervalued).
What is the fair value of BBRI?
Our model-based fair value for Bank Rakyat Indonesia Persero is 3,792 IDR (as of Nov 6, 2026), built from audited fundamentals. The current price: 2,810 IDR.
What is the quality score of BBRI?
Bank Rakyat Indonesia Persero has a Quality Score of 64/100. 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 Bank Rakyat Indonesia Persero (BBRI)?
Our model-based price target is the fair value of 3,792 IDR (as of Nov 6, 2026) from 6 valuation models. Cautious scenario 2,844 IDR, optimistic scenario 4,740 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Rakyat Indonesia Persero stock forecast for 2026?
Our models put fair value at 3,792 IDR, about +35% upside versus a price of 2,810 IDR (undervalued). Cautious scenario 2,844 IDR, optimistic scenario 4,740 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Rakyat Indonesia Persero (BBRI)?
Bank Rakyat Indonesia Persero reported trailing-twelve-month revenue of about 147T IDR (latest available figure, as of Nov 6, 2026).
Does Bank Rakyat Indonesia Persero pay a dividend?
Bank Rakyat Indonesia Persero currently shows a dividend yield of 7.44% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Bank Rakyat Indonesia Persero (BBRI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Rakyat Indonesia Persero it is 3,792 IDR per share (as of Nov 6, 2026), against a price of 2,810 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bank Rakyat Indonesia Persero stock overvalued or undervalued in 2026?
As of Nov 6, 2026, BBRI trades below its calculated fair value: price 2,810 IDR, fair value 3,792 IDR, a gap of about +35% (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 BBRI?
No. The price is what the market pays today (2,810 IDR); the fair value is what the company's own numbers justify (3,792 IDR). For Bank Rakyat Indonesia Persero the two are 981.99 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Rakyat Indonesia Persero worth?
The market values Bank Rakyat Indonesia Persero at about 423T IDR (market capitalisation, as of Nov 6, 2026). Per share that is 2,810 IDR; our models calculate a fair value of 3,792 IDR per share.
What do the bullish and bearish scenarios say about BBRI?
Our models span a range for Bank Rakyat Indonesia Persero: cautious scenario 2,844 IDR, base 3,792 IDR, optimistic 4,740 IDR per share (as of Nov 6, 2026, price 2,810 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BBRI?
Bank Rakyat Indonesia Persero trades at a price-to-earnings ratio of 6.9 (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 3,792 IDR is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 14.6. Other multiples: PEG 1.0, P/B 1.3, P/S 2.9, EV/EBITDA 5.1.
What is the PEG ratio of BBRI?
The PEG ratio of Bank Rakyat Indonesia Persero is 1.02 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bank Rakyat Indonesia Persero (BBRI)?
Balance-sheet figures for Bank Rakyat Indonesia Persero (as of Nov 6, 2026): return on equity 19.0%, debt of 0.15 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is BBRI from its 52-week high?
Bank Rakyat Indonesia Persero trades at 2,810 IDR, about 25% below its 52-week high of 3,729 IDR and 11% above the low of 2,540 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,792 IDR is for.
Which stocks are comparable to Bank Rakyat Indonesia Persero?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Intesa Sanpaolo 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 Bank Rakyat Indonesia Persero stock attractive at the current price?
The data as of Nov 6, 2026: price 2,810 IDR, calculated fair value 3,792 IDR (+35%), Quality Score 64/100, from 6 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 BBRI calculated?
We run Bank Rakyat Indonesia Persero through 6 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 3,792 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. Bank Rakyat Indonesia Persero currently trades 26% 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 Bank Rakyat Indonesia Persero (BBRI)?
The closing price on Nov 6, 2026 was 2,810 IDR. Our model-based fair value is 3,792 IDR, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Rakyat Indonesia Persero right now?
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 (64/100) 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.
Where does the earnings growth of Bank Rakyat Indonesia Persero (BBRI) come from?
Earnings per share at Bank Rakyat Indonesia Persero grew +7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.0 %, EBIT margin +0.1 %, tax rate +0.1 %, residual (interest, one-offs) −0.7 %. 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 Bank Rakyat Indonesia Persero
How large is the market capitalisation of Bank Rakyat Indonesia Persero (BBRI)?
The market capitalisation of Bank Rakyat Indonesia Persero is 423T IDR (≈ $23.4B). 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 Bank Rakyat Indonesia Persero (BBRI)?
The price-to-sales ratio of Bank Rakyat Indonesia Persero is 2.88 (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 Bank Rakyat Indonesia Persero (BBRI)?
Earnings per share at Bank Rakyat Indonesia Persero are 410.03 IDR (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank Rakyat Indonesia Persero (BBRI)?
The dividend yield of Bank Rakyat Indonesia Persero is 7.4% (payout 51.0%). 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 Bank Rakyat Indonesia Persero (BBRI)?
The net margin of Bank Rakyat Indonesia Persero is 41.7% (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 Bank Rakyat Indonesia Persero (BBRI)?
The return on equity (ROE) of Bank Rakyat Indonesia Persero is 19.0% (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 Bank Rakyat Indonesia Persero (BBRI)?
On an EBIT basis the return on assets of Bank Rakyat Indonesia Persero is 3.6% (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 Bank Rakyat Indonesia Persero (BBRI)?
The operating margin of Bank Rakyat Indonesia Persero is 41.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Rakyat Indonesia Persero (BBRI)?
Revenue at Bank Rakyat Indonesia Persero is growing +4.0% versus a year earlier (3y avg +19.9%). 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 Bank Rakyat Indonesia Persero (BBRI)?
Earnings per share at Bank Rakyat Indonesia Persero are growing +21.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank Rakyat Indonesia Persero (BBRI) generate?
The free cash flow of Bank Rakyat Indonesia Persero is 106T 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 debt does Bank Rakyat Indonesia Persero (BBRI) carry?
The net debt of Bank Rakyat Indonesia Persero is 144T IDR (fiscal year 2025, ≈ 1.4 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