PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) Fair Value & Analysis

Financial Services · ID · Market cap 7.7T IDR

A solid business, screening 96% undervalued on our models.

What matters now

• The price is below even our cautious bear case (765.00 IDR). The market is more pessimistic than our downside scenario.
• Solid quality (58/100) 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.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 369.66 IDR – 551.26 IDR · fair‑value band 765.00 IDR – 1,275 IDR · the 520.00 IDR price screens below the 1,020 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) currently trades at 520.00 IDR, while our model-based Fair Value estimate is 1,020 IDR, implying the stock looks roughly 96.2% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, PT Bank Pembangunan Daerah Jawa Timur Tbk generated revenue of 7.1T IDR at a net margin of 23.0%. Revenue grew 50.0% year over year. It earns a return on equity of 10.3%. Net debt stands at 349B IDR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 765.00 IDR (bear case) to 1,275 IDR (bull case); at 520.00 IDR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 96%, BJTM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (1,273 IDR) versus Asset-Based (609.36 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

PT Bank Pembangunan Daerah Jawa Timur Tbk provides various banking products and services in Indonesia. The company offers savings and current accounts, and deposits; personal loans, such as property and property consumption, multiguna, motor vehicle loans, and gold guarantee and cash collateral credit; productive loans; property construction loan, bank …

Full company description

PT Bank Pembangunan Daerah Jawa Timur Tbk provides various banking products and services in Indonesia. The company offers savings and current accounts, and deposits; personal loans, such as property and property consumption, multiguna, motor vehicle loans, and gold guarantee and cash collateral credit; productive loans; property construction loan, bank guarantee, checking account, investment loan, syndicated loans, financing receivables loan, local government loan, bureau of public service area loan, local government and bailout credit, and bank guarantee fore; and common foreign exchange, hedging forward contract, banknotes, deposit on call, and list of underlying documents. It also provides ATM, internet banking, mobile banking, SMS banking, virtual account, and electronic government staff card services; trade finance and remittance transactions that include letter of credit, documentary collection, bill purchasing and shipping guarantee remittance; safe deposit box; BPD net online; and other banking services. In addition, the company offers treasury papers, bonds, commercial papers, and other securities instruments. PT Bank Pembangunan Daerah Jawa Timur Tbk was founded in 1961 and is headquartered in Surabaya, Indonesia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank Pembangunan Daerah Jawa Timur Tbk reported revenue of 11.2T IDR in FY2025 versus 7.0T IDR in FY2021, a compound +12.3%/yr. Reported net income was 1.5T IDR in FY2025, compounding +0.4%/yr from FY2021.

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Peer Group

Banks - Regional · 1083 stocks

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.

Valuation Multiples vs Banks - Regional median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.