Bank Pembangunan Daerah Banten Tbk PT (BEKS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bank Pembangunan Daerah Banten Tbk PT IDR 44, price IDR 23, upside +91.3%, quality 43 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 19.00 IDR – 106.58 IDR · fair‑value band 33.00 IDR – 55.00 IDR · the 23.00 IDR price screens below the 44.00 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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PT. Bank Pembangunan Daerah Banten, Tbk provides various banking services in Indonesia. The company offers demand, savings, and time deposits, as well as current accounts; investment credit, working capital credit, and bank guarantees; business development credit and pension credit; and MSME loans. PT.
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PT. Bank Pembangunan Daerah Banten, Tbk provides various banking services in Indonesia. The company offers demand, savings, and time deposits, as well as current accounts; investment credit, working capital credit, and bank guarantees; business development credit and pension credit; and MSME loans. PT. Bank Pembangunan Daerah Banten, Tbk was formerly known as PT Bank Pundi Indonesia, Tbk and changed its name to PT. Bank Pembangunan Daerah Banten, Tbk in August 2016. The company was founded in 1992 and is headquartered in Serang, Indonesia. PT. Bank Pembangunan Daerah Banten, Tbk operates as a subsidiary of PT Banten Global Development.
Stock analysis
Bank Pembangunan Daerah Banten Tbk PT (BEKS) currently trades at 23.00 IDR, while our model-based Fair Value estimate is 44.00 IDR, implying the stock looks roughly 47.7% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 24.54 IDR per share, and 1 of the 4 models we run sit above the 23.00 IDR price.
Bear case: the Multiples group reads lowest at 13.16 IDR, and 3 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 33.00 IDR (bear) to 55.00 IDR (bull), the price of 23.00 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 43/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bank Pembangunan Daerah Banten Tbk PT reported revenue of 654B IDR in FY2025 versus 337B IDR in FY2021, a compound +18.0%/yr. Reported net income was 52.5B IDR in FY2025.
Key figures
Market cap 1.2T IDR (≈ $66.7M) · P/E ratio 20.6 · P/S ratio 1.65 · EPS (TTM) 1.02 IDR · Net margin 8.0% · Return on equity 2.9% · Return on assets (EBIT) −0.8% · Operating margin 13.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 91%, BEKS screens cheaper than that median.
Fair Value models
Bear 33.00 IDRFair Value 44.00 IDRBull 55.00 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 (0.7461 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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+21.0%
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.
+5.1%
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.
+11.0%
Start year 2020 (pandemic). Over 10 years: −5.0% a year
Revenue growth 23 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.
+2.6%
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What shareholders gained per year (last 3 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 3 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.
≈ +3.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.8%
Dividend (yield on the price)0.0%
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.−67% → 9%
⚠ Revenue per share shrinking 20.0%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 59% above its own trend.
Compare Bank Pembangunan Daerah Banten Tbk PT with another stock
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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 · 1076 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+91% · Top 25%
Profitability
Return on equity (TTM)3% · Bottom 25%
Return on assets1% · Below median
Net margin (TTM)14% · Bottom 25%
Operating margin (TTM)14% · Bottom 25%
Growth and dividend
Revenue growth42% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bank Pembangunan Daerah Banten Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/BEKS
Frequently asked questions
Is Bank Pembangunan Daerah Banten Tbk PT (BEKS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 44.00 IDR versus a price of 23.00 IDR, about +91% upside (undervalued).
What is the fair value of BEKS?
Our model-based fair value for Bank Pembangunan Daerah Banten Tbk PT is 44.00 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 23.00 IDR.
What is the quality score of BEKS?
Bank Pembangunan Daerah Banten Tbk PT has a Quality Score of 43/100. 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 Pembangunan Daerah Banten Tbk PT (BEKS)?
Our model-based price target is the fair value of 44.00 IDR (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 33.00 IDR, optimistic scenario 55.00 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Pembangunan Daerah Banten Tbk PT stock forecast for 2026?
Our models put fair value at 44.00 IDR, about +91% upside versus a price of 23.00 IDR (undervalued). Cautious scenario 33.00 IDR, optimistic scenario 55.00 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Pembangunan Daerah Banten Tbk PT (BEKS)?
Bank Pembangunan Daerah Banten Tbk PT reported trailing-twelve-month revenue of about 372B IDR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Bank Pembangunan Daerah Banten Tbk PT (BEKS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Pembangunan Daerah Banten Tbk PT it is 44.00 IDR per share (as of Sep 24, 2026), against a price of 23.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank Pembangunan Daerah Banten Tbk PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BEKS trades below its calculated fair value: price 23.00 IDR, fair value 44.00 IDR, a gap of about +91% (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 BEKS?
No. The price is what the market pays today (23.00 IDR); the fair value is what the company's own numbers justify (44.00 IDR). For Bank Pembangunan Daerah Banten Tbk PT the two are 21.00 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Pembangunan Daerah Banten Tbk PT worth?
The market values Bank Pembangunan Daerah Banten Tbk PT at about 1.2T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 23.00 IDR; our models calculate a fair value of 44.00 IDR per share.
What do the bullish and bearish scenarios say about BEKS?
Our models span a range for Bank Pembangunan Daerah Banten Tbk PT: cautious scenario 33.00 IDR, base 44.00 IDR, optimistic 55.00 IDR per share (as of Sep 24, 2026, price 23.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BEKS?
Bank Pembangunan Daerah Banten Tbk PT trades at a price-to-earnings ratio of 20.6 (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 44.00 IDR is built from several models across several years. Other multiples: P/B 0.6, P/S 3.2.
How solid is the balance sheet of Bank Pembangunan Daerah Banten Tbk PT (BEKS)?
Balance-sheet figures for Bank Pembangunan Daerah Banten Tbk PT (as of Sep 24, 2026): return on equity 2.9%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is BEKS from its 52-week high?
Bank Pembangunan Daerah Banten Tbk PT trades at 23.00 IDR, about 39% below its 52-week high of 38.00 IDR and 21% above the low of 19.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 44.00 IDR is for.
Which stocks are comparable to Bank Pembangunan Daerah Banten Tbk PT?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, 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 Pembangunan Daerah Banten Tbk PT stock attractive at the current price?
The data as of Sep 24, 2026: price 23.00 IDR, calculated fair value 44.00 IDR (+91%), Quality Score 43/100, 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 BEKS calculated?
We run Bank Pembangunan Daerah Banten Tbk PT 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 44.00 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 14.0 % above its aggregate fair value. Bank Pembangunan Daerah Banten Tbk PT currently trades 91 % 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 Pembangunan Daerah Banten Tbk PT (BEKS)?
The closing price on Sep 24, 2026 was 23.00 IDR. Our model-based fair value is 44.00 IDR, about +91% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Pembangunan Daerah Banten Tbk PT right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (33.00 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. 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 Bank Pembangunan Daerah Banten Tbk PT
How large is the market capitalisation of Bank Pembangunan Daerah Banten Tbk PT (BEKS)?
The market capitalisation of Bank Pembangunan Daerah Banten Tbk PT is 1.2T IDR (≈ $66.7M). 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 Pembangunan Daerah Banten Tbk PT (BEKS)?
The price-to-sales ratio of Bank Pembangunan Daerah Banten Tbk PT is 1.65 (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 Pembangunan Daerah Banten Tbk PT (BEKS)?
Earnings per share at Bank Pembangunan Daerah Banten Tbk PT are 1.02 IDR (price ÷ EPS = P/E 20.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Pembangunan Daerah Banten Tbk PT (BEKS)?
The net margin of Bank Pembangunan Daerah Banten Tbk PT is 8.0% (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 Pembangunan Daerah Banten Tbk PT (BEKS)?
The return on equity (ROE) of Bank Pembangunan Daerah Banten Tbk PT is 2.9% (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 Pembangunan Daerah Banten Tbk PT (BEKS)?
On an EBIT basis the return on assets of Bank Pembangunan Daerah Banten Tbk PT is −0.8% (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 Bank Pembangunan Daerah Banten Tbk PT (BEKS)?
The operating margin of Bank Pembangunan Daerah Banten Tbk PT is 13.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Pembangunan Daerah Banten Tbk PT (BEKS)?
Revenue at Bank Pembangunan Daerah Banten Tbk PT is growing +41.7% versus a year earlier (3y avg +5.1%). 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 Pembangunan Daerah Banten Tbk PT (BEKS)?
Earnings per share at Bank Pembangunan Daerah Banten Tbk PT are growing +19.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank Pembangunan Daerah Banten Tbk PT (BEKS) generate?
The free cash flow of Bank Pembangunan Daerah Banten Tbk PT is −281B 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 Bank Pembangunan Daerah Banten Tbk PT (BEKS) hold?
Bank Pembangunan Daerah Banten Tbk PT holds more cash than debt, 458B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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