Bank Rakyat Indonesia Persero (BBRI) fair value: what the stock is really worth
We calculate from audited financials what Bank Rakyat Indonesia Persero 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 2,394 IDR – 5,213 IDR · fair‑value band 2,844 IDR – 4,740 IDR · the 3,310 IDR price screens below the 3,792 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 Bank Rakyat Indonesia (Persero) Tbk provides various banking products and services in Indonesia and internationally.
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PT Bank Rakyat Indonesia (Persero) Tbk provides various banking products and services in Indonesia and internationally. 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 3,310 IDR, while our model-based Fair Value estimate is 3,792 IDR, implying the stock looks roughly 12.7% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 3,400 IDR per share, and 2 of the 4 models we run sit above the 3,310 IDR price.
Bear case: the Asset-Based group reads lowest at 1,442 IDR, and 2 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 2,844 IDR (bear) to 4,740 IDR (bull), the price of 3,310 IDR sits inside 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 65/100 (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 499T IDR (≈ $49.9B) · P/E ratio 8.5 · P/S ratio 1.55 · EPS (TTM) 389.07 IDR · Dividend yield 10.5% · Net margin 18.3% · Return on equity 18.1% · Return on assets (EBIT) 3.6%.
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 14% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 15%, BBRI screens cheaper than that median.
Fair Value models
Bear 2,844 IDRFair Value 3,792 IDRBull 4,740 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 (15.75 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.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.
+18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.0%
Dividend (yield on the price)10.5%
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% vs 6%, 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%
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).
−14.8%
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.
−2.7%
Yearly sales growth analysts expect, extended to five years.
Compare Bank Rakyat Indonesia Persero 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.Banks - Regional · 1073 stocks
Beats the industry median on 14/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+12% · Above median
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets3% · Top 25%
Net margin (TTM)40% · Top 25%
Operating margin (TTM)42% · Above median
Growth and dividend
Revenue growth16% · Above median
Dividend yield (TTM)10.5% · 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 Sep 18, 2026, our model estimates a fair value of 3,792 IDR versus a price of 3,310 IDR, about +15% 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 Sep 18, 2026), built from audited fundamentals. The current price: 3,310 IDR.
What is the quality score of BBRI?
Bank Rakyat Indonesia Persero has a Quality Score of 65/100. 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 Sep 18, 2026) from 4 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 +15% upside versus a price of 3,310 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 145T IDR (latest available figure, as of Sep 18, 2026).
Does Bank Rakyat Indonesia Persero pay a dividend?
Bank Rakyat Indonesia Persero currently shows a dividend yield of about 10.45% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Bank Rakyat Indonesia Persero (BBRI)?
For today's price to be fair in a discounted-cash-flow model, Bank Rakyat Indonesia Persero would have to grow free cash flow by -14.8 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.6 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of BBRI use?
Our models discount Bank Rakyat Indonesia Persero at 10.0 %: a base by market capitalisation (large), damped by beta 0.22, 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 Bank Rakyat Indonesia Persero that is -14.8 % per year a year over ten years, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Bank Rakyat Indonesia Persero (BBRI) delivered so far?
Over the past 5 years revenue at Bank Rakyat Indonesia Persero grew +13.6 % a year. The price currently implies -14.8 % 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 Bank Rakyat Indonesia Persero (BBRI) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Bank Rakyat Indonesia Persero (-14.8 % 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 Bank Rakyat Indonesia Persero (BBRI)?
The free-cash-flow yield on the price is 21.25 %: that much free cash flow Bank Rakyat Indonesia Persero produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
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 Sep 18, 2026), against a price of 3,310 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank Rakyat Indonesia Persero stock overvalued or undervalued in 2026?
As of Sep 18, 2026, BBRI trades below its calculated fair value: price 3,310 IDR, fair value 3,792 IDR, a gap of about +15% (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 (3,310 IDR); the fair value is what the company's own numbers justify (3,792 IDR). For Bank Rakyat Indonesia Persero the two are 481.99 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 499T IDR (market capitalisation, as of Sep 18, 2026). Per share that is 3,310 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 Sep 18, 2026, price 3,310 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 8.5 (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 3,792 IDR is built from several models across several years. Other multiples: PEG 1.2, P/B 1.4, P/S 3.1, EV/EBITDA 5.4.
What is the PEG ratio of BBRI?
The PEG ratio of Bank Rakyat Indonesia Persero is 1.24 (P/E divided by earnings growth, as of Sep 18, 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 Sep 18, 2026): return on equity 18.1%, debt of 0.15 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is BBRI from its 52-week high?
Bank Rakyat Indonesia Persero trades at 3,310 IDR, about 14% below its 52-week high of 3,865 IDR and 28% above the low of 2,590 IDR (as of Sep 18, 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 DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank 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 Bank Rakyat Indonesia Persero stock attractive at the current price?
The data as of Sep 18, 2026: price 3,310 IDR, calculated fair value 3,792 IDR (+15%), Quality Score 65/100, 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 BBRI calculated?
We run Bank Rakyat Indonesia Persero 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 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 16.1 % above its aggregate fair value. Bank Rakyat Indonesia Persero currently trades 15 % 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 Sep 18, 2026 was 3,310 IDR. Our model-based fair value is 3,792 IDR, about +15% 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?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 499T IDR (≈ $49.9B). 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 Bank Rakyat Indonesia Persero (BBRI)?
The price-to-sales ratio of Bank Rakyat Indonesia Persero is 1.55 (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 Bank Rakyat Indonesia Persero (BBRI)?
Earnings per share at Bank Rakyat Indonesia Persero are 389.07 IDR (price ÷ EPS = P/E 8.5). 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 10.5% (payout 88.9%). 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 18.3% (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 Bank Rakyat Indonesia Persero (BBRI)?
The return on equity (ROE) of Bank Rakyat Indonesia Persero is 18.1% (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 42.0% (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 +16.3% 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 +14.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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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