Bank Bumi Arta Tbk (BNBA) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Bank Bumi Arta Tbk stock IDR 681, price IDR 745, upside -8.6%, quality 55 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
PT Bank Bumi Arta Tbk provides banking products and services in Indonesia.
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The company offers savings and pension savings; term deposits; on call, plus, and premium deposits; Giro products; current accounts; current account, fixed, on demand, term, export and import financing, investment, housing, car ownership, pension, term, multipurpose, and general-purpose loans; and trade finance services.
It also provides bank guarantees, including performance and bid bonds; payment services for electricity, telephone, and tax; domestic and overseas remittance and collection; opening of letters of credit (export and import) and bills collection; foreign currency exchange; payment of state revenue services, such as tax and import tax; virtual accounts; and financial supply chain services.
In addition, the company offers e-banking services, including ATMs, debit cards, corporate internet banking, mobile banking, online deposits, and QRIS mobile banking services; and bank notes, corporate payroll, and bank draft services.
PT Bank Bumi Arta Tbk was founded in 1967 and is headquartered in Jakarta Pusat, Indonesia.
Stock analysis
Bank Bumi Arta Tbk (BNBA) currently trades at 745.00 IDR, while our model-based Fair Value estimate is 680.61 IDR, so the stock looks roughly fairly valued today (gap 9.5%).
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Valuation
Bull case: the Asset-Based group reads highest at a median of 634.05 IDR per share, and 1 of the 4 models we run sit above the 745.00 IDR price.
Bear case: the Economic Profit group reads lowest at 488.96 IDR, and 3 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 510.46 IDR (bear) to 850.76 IDR (bull), the price of 745.00 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 55/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Bank Bumi Arta Tbk reported revenue of 531B IDR in FY2025 versus 536B IDR in FY2021, a compound −0.2%/yr. Reported net income was 9.5B IDR in FY2025, compounding −31.4%/yr from FY2021.
Key figures
Market cap 2.5T IDR (≈ $140M) Micro · P/E ratio 137.2 · P/S ratio 8.17 · EPS (TTM) 5.43 IDR · Net margin 6.0% · Return on equity 0.6% · Return on assets (EBIT) 0.6% · Operating margin 25.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −29% fair-value upside, at −9%, BNBA screens cheaper than that median.
Fair Value models
Bear510.46 IDRFair Value 680.61 IDRBull850.76 IDR
Price 745.00 IDR · Upside -8.6%
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 (4.46 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.5%
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.
−0.9%
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.
−4.0%
Start year 2020 (pandemic). Over 10 years: −2.5% a year
Revenue growth 20 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.
+6.4%
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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.
−31.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−31.2%
Dividend (yield on the price)0.0%
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.−31.2% vs −17.9%, slowing
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.8% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.9%/yr over ~10Y (margins eroding too) ⓘ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.
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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 · 1062 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−8.6% · Above median
Profitability
Return on equity (12 months)0.6% · Bottom 25%
Return on assets0.1% · Bottom 25%
Net margin (12 months)6.0% · Bottom 25%
Operating margin (12 months)25.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)26.5% · Top 25%
Valuation Multiplesvs Banks - Regional 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). "Bank Bumi Arta Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BNBA
Frequently asked questions
Is Bank Bumi Arta Tbk (BNBA) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of 680.61 IDR versus a price of 745.00 IDR, about −9% upside (fairly valued).
What is the fair value of BNBA?
Our model-based fair value for Bank Bumi Arta Tbk is 680.61 IDR (as of Oct 26, 2026), built from audited fundamentals. The current price: 745.00 IDR.
What is the quality score of BNBA?
Bank Bumi Arta Tbk has a Quality Score of 55/100. 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 Bumi Arta Tbk (BNBA)?
Our model-based price target is the fair value of 680.61 IDR (as of Oct 26, 2026) from 4 valuation models. Cautious scenario 510.46 IDR, optimistic scenario 850.76 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Bumi Arta Tbk stock forecast for 2026?
Our models put fair value at 680.61 IDR, about −9% upside versus a price of 745.00 IDR (fairly valued). Cautious scenario 510.46 IDR, optimistic scenario 850.76 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Bumi Arta Tbk (BNBA)?
Bank Bumi Arta Tbk reported trailing-twelve-month revenue of about 309B IDR (latest available figure, as of Oct 26, 2026).
What growth is priced into Bank Bumi Arta Tbk (BNBA)?
For today's price to be fair in a discounted-cash-flow model, Bank Bumi Arta Tbk would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.0 % per year. As of Oct 26, 2026.
What discount rate (WACC) does the fair value of BNBA use?
Our models discount Bank Bumi Arta Tbk at 13.5 %: a base by market capitalisation (micro), damped by beta 0.55, 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 Bumi Arta Tbk that is less than minus 40 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Bank Bumi Arta Tbk (BNBA) delivered so far?
Over the past 5 years revenue at Bank Bumi Arta Tbk grew -4.0 % a year. The price currently implies less than minus 40 % 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 Bumi Arta Tbk (BNBA) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Bank Bumi Arta Tbk (less than minus 40 % 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 Bumi Arta Tbk (BNBA)?
The free-cash-flow yield on the price is 1.65 %: that much free cash flow Bank Bumi Arta Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bank Bumi Arta Tbk (BNBA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Bumi Arta Tbk it is 680.61 IDR per share (as of Oct 26, 2026), against a price of 745.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank Bumi Arta Tbk stock overvalued or undervalued in 2026?
As of Oct 26, 2026, BNBA trades above its calculated fair value: price 745.00 IDR, fair value 680.61 IDR, a gap of about −9% (fairly valued). 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 BNBA?
No. The price is what the market pays today (745.00 IDR); the fair value is what the company's own numbers justify (680.61 IDR). For Bank Bumi Arta Tbk the two are 64.39 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Bumi Arta Tbk worth?
The market values Bank Bumi Arta Tbk at about 2.5T IDR (market capitalisation, as of Oct 26, 2026). Per share that is 745.00 IDR; our models calculate a fair value of 680.61 IDR per share.
What do the bullish and bearish scenarios say about BNBA?
Our models span a range for Bank Bumi Arta Tbk: cautious scenario 510.46 IDR, base 680.61 IDR, optimistic 850.76 IDR per share (as of Oct 26, 2026, price 745.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BNBA?
Bank Bumi Arta Tbk trades at a price-to-earnings ratio of 137.2 (as of Oct 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 680.61 IDR is built from several models across several years. Other multiples: PEG 0.3, P/B 0.8, P/S 8.2, EV/EBITDA 2.0.
What is the PEG ratio of BNBA?
The PEG ratio of Bank Bumi Arta Tbk is 0.27 (P/E divided by earnings growth, as of Oct 26, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Bank Bumi Arta Tbk (BNBA)?
Balance-sheet figures for Bank Bumi Arta Tbk (as of Oct 26, 2026): return on equity 0.6%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is BNBA from its 52-week high?
Bank Bumi Arta Tbk trades at 745.00 IDR, about 38% below its 52-week high of 1,200 IDR and 27% above the low of 585.00 IDR (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of 680.61 IDR is for.
Which stocks are comparable to Bank Bumi Arta Tbk?
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 Bumi Arta Tbk stock attractive at the current price?
The data as of Oct 26, 2026: price 745.00 IDR, calculated fair value 680.61 IDR (−9%), Quality Score 55/100, 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 BNBA calculated?
We run Bank Bumi Arta Tbk 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 680.61 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 12.7 % above its aggregate fair value. Bank Bumi Arta Tbk itself currently trades above fair value. 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 Bumi Arta Tbk (BNBA)?
The closing price on Oct 26, 2026 was 745.00 IDR. Our model-based fair value is 680.61 IDR, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Bumi Arta Tbk right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 Bumi Arta Tbk (BNBA) come from?
Earnings per share at Bank Bumi Arta Tbk grew −7.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.0 %, EBIT margin −3.8 %, tax rate +0.5 %, residual (interest, one-offs) +0.0 %. 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 Bumi Arta Tbk
How large is the market capitalisation of Bank Bumi Arta Tbk (BNBA)?
The market capitalisation of Bank Bumi Arta Tbk is 2.5T IDR (≈ $140M). 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 Bumi Arta Tbk (BNBA)?
The price-to-sales ratio of Bank Bumi Arta Tbk is 8.17 (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 Bumi Arta Tbk (BNBA)?
Earnings per share at Bank Bumi Arta Tbk are 5.43 IDR (price ÷ EPS = P/E 137.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Bumi Arta Tbk (BNBA)?
The net margin of Bank Bumi Arta Tbk is 6.0% (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 Bumi Arta Tbk (BNBA)?
The return on equity (ROE) of Bank Bumi Arta Tbk is 0.6% (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 Bumi Arta Tbk (BNBA)?
On an EBIT basis the return on assets of Bank Bumi Arta Tbk is 0.6% (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 Bumi Arta Tbk (BNBA)?
The operating margin of Bank Bumi Arta Tbk is 25.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Bumi Arta Tbk (BNBA)?
Revenue at Bank Bumi Arta Tbk is growing +26.5% versus a year earlier (3y avg −0.9%). 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 Bumi Arta Tbk (BNBA)?
Earnings per share at Bank Bumi Arta Tbk are growing −36.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bank Bumi Arta Tbk (BNBA) hold?
Bank Bumi Arta Tbk holds more cash than debt, 2.5T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 26, 2026