Bakrie & Brothers Tbk (BNBR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bakrie & Brothers Tbk IDR 141, price IDR 85, upside +66.0%, quality 15 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Bakrie & Brothers Tbk for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 20.00 IDR – 3,800 IDR · fair‑value band 65.86 IDR – 179.19 IDR · the 85.00 IDR price screens below the 141.10 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Bakrie & Brothers Tbk in your weekly email
Every Wednesday you see whether Bakrie & Brothers Tbk is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Bakrie & Brothers Tbk, through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally. The company operates through Infrastructure and Manufacturing; Fabrication and Construction Services; and Trading, Services, and Investment segments.
Show more
PT Bakrie & Brothers Tbk, through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally. The company operates through Infrastructure and Manufacturing; Fabrication and Construction Services; and Trading, Services, and Investment segments. It offers automotive components, including ferrous foundry, precision machining, grey iron and steel casting, and pattern making. The company also provides fiber cement-based products; and ceiling and partition, mortars, and prefabricated house solutions, as well as flooring, fascia, and siding products. In addition, it owns, develops, and operates diversified assets portfolio and project pipelines comprising toll roads, power, oil and gas, ports, and telecommunication. Further, the company offers pipe manufacturing services consisting of electric resistance welding pipes, and longitudinal and helical submerged arc welding pipes; heavy industrial steel fabrication and construction services for oil and gas, metal, mining, and power industries; and civil steel structure and corrugated metals. The company was founded in 1942 and is headquartered in Jakarta Selatan, Indonesia.
Stock analysis
Bakrie & Brothers Tbk (BNBR) currently trades at 85.00 IDR, while our model-based Fair Value estimate is 141.10 IDR, implying the stock looks roughly 39.8% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 48.41 IDR per share, and 0 of the 5 models we run sit above the 85.00 IDR price.
Bear case: the Asset-Based group reads lowest at 14.89 IDR, and 5 of the 5 models stay below the price. Evidence for this calculation is low.
Scenario range: 65.86 IDR (bear) to 179.19 IDR (bull), the price of 85.00 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 15/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bakrie & Brothers Tbk reported revenue of 3.7T IDR in FY2025 versus 2.4T IDR in FY2021, a compound +11.9%/yr. Reported net income was 494B IDR in FY2025, compounding +66.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 14.7T IDR (≈ $1.5B) · P/E ratio 38.9 · P/S ratio 5.13 · EPS (TTM) 2.21 IDR · Net margin 13.2% · Return on equity 10.6% · Return on assets (EBIT) 1.9% · Operating margin 18.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and 124% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 15% fair-value upside, at 66%, BNBR screens cheaper than that median.
Fair Value models
Bear 65.86 IDRFair Value 141.10 IDRBull 179.19 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 (1.89 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.45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−3.3%
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.
+1.1%
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.
+8.8%
Start year 2020 (pandemic). Over 10 years: −1.2% a year
Revenue growth 25 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.
+3.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−33.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.5%
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.−34% vs −16%, 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.−11% → 0%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 16.9%/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.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Conglomerates · 380 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score15 · Bottom 25%
Fair Value upside+66% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets1% · Below median
Net margin (TTM)11% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth19% · Top 25%
Balance sheet
Debt / equity3.78× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (TTM)38.9× · Priciest 25%
P/B3.83× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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.
Is Bakrie & Brothers Tbk (BNBR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 141.10 IDR versus a price of 85.00 IDR, about +66% upside (undervalued).
What is the fair value of BNBR?
Our model-based fair value for Bakrie & Brothers Tbk is 141.10 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 85.00 IDR.
What is the quality score of BNBR?
Bakrie & Brothers Tbk has a Quality Score of 15/100. 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 Bakrie & Brothers Tbk (BNBR)?
Our model-based price target is the fair value of 141.10 IDR (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 65.86 IDR, optimistic scenario 179.19 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bakrie & Brothers Tbk stock forecast for 2026?
Our models put fair value at 141.10 IDR, about +66% upside versus a price of 85.00 IDR (undervalued). Cautious scenario 65.86 IDR, optimistic scenario 179.19 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bakrie & Brothers Tbk (BNBR)?
Bakrie & Brothers Tbk reported trailing-twelve-month revenue of about 3.9T IDR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Bakrie & Brothers Tbk (BNBR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bakrie & Brothers Tbk it is 141.10 IDR per share (as of Sep 24, 2026), against a price of 85.00 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bakrie & Brothers Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BNBR trades below its calculated fair value: price 85.00 IDR, fair value 141.10 IDR, a gap of about +66% (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 BNBR?
No. The price is what the market pays today (85.00 IDR); the fair value is what the company's own numbers justify (141.10 IDR). For Bakrie & Brothers Tbk the two are 56.10 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bakrie & Brothers Tbk worth?
The market values Bakrie & Brothers Tbk at about 14.7T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 85.00 IDR; our models calculate a fair value of 141.10 IDR per share.
What do the bullish and bearish scenarios say about BNBR?
Our models span a range for Bakrie & Brothers Tbk: cautious scenario 65.86 IDR, base 141.10 IDR, optimistic 179.19 IDR per share (as of Sep 24, 2026, price 85.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BNBR?
Bakrie & Brothers Tbk trades at a price-to-earnings ratio of 38.9 (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 141.10 IDR is built from several models across several years. Other multiples: P/B 3.8, P/S 3.8, EV/EBITDA 61.9.
How solid is the balance sheet of Bakrie & Brothers Tbk (BNBR)?
Balance-sheet figures for Bakrie & Brothers Tbk (as of Sep 24, 2026): return on equity 10.6%, debt of 3.78 per unit of equity. They feed the Quality Score of 15/100, which measures business quality independently of the share price.
How far is BNBR from its 52-week high?
Bakrie & Brothers Tbk trades at 85.00 IDR, about 67% below its 52-week high of 260.00 IDR and 124% above the low of 38.00 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 141.10 IDR is for.
Which stocks are comparable to Bakrie & Brothers Tbk?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane 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 Bakrie & Brothers Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 85.00 IDR, calculated fair value 141.10 IDR (+66%), Quality Score 15/100, 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 BNBR calculated?
We run Bakrie & Brothers Tbk 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 141.10 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 14.1 % above its aggregate fair value. Bakrie & Brothers Tbk currently trades 66 % 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 Bakrie & Brothers Tbk (BNBR)?
The closing price on Sep 23, 2026 was 85.00 IDR. Our model-based fair value is 141.10 IDR, about +66% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bakrie & Brothers Tbk right now?
The large discount to fair value meets weak quality (15/100). That raises the risk this is a value trap rather than a bargain. The model range is unusually wide (65.86 IDR to 179.19 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Bakrie & Brothers Tbk
How large is the market capitalisation of Bakrie & Brothers Tbk (BNBR)?
The market capitalisation of Bakrie & Brothers Tbk is 14.7T IDR (≈ $1.5B). 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 Bakrie & Brothers Tbk (BNBR)?
The price-to-sales ratio of Bakrie & Brothers Tbk is 5.13 (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 Bakrie & Brothers Tbk (BNBR)?
Earnings per share at Bakrie & Brothers Tbk are 2.21 IDR (price ÷ EPS = P/E 38.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bakrie & Brothers Tbk (BNBR)?
The net margin of Bakrie & Brothers Tbk is 13.2% (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 Bakrie & Brothers Tbk (BNBR)?
The return on equity (ROE) of Bakrie & Brothers Tbk is 10.6% (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 Bakrie & Brothers Tbk (BNBR)?
On an EBIT basis the return on assets of Bakrie & Brothers Tbk is 1.9% (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 Bakrie & Brothers Tbk (BNBR)?
The operating margin of Bakrie & Brothers Tbk is 18.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bakrie & Brothers Tbk (BNBR)?
Revenue at Bakrie & Brothers Tbk is growing +19.0% versus a year earlier (3y avg +1.1%). 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 Bakrie & Brothers Tbk (BNBR)?
Earnings per share at Bakrie & Brothers Tbk are growing −78.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bakrie & Brothers Tbk (BNBR) generate?
The free cash flow of Bakrie & Brothers Tbk is −294B 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 Bakrie & Brothers Tbk (BNBR) carry?
The net debt of Bakrie & Brothers Tbk is 15.8T IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Bakrie & Brothers Tbk in the live analysis
One click puts Bakrie & Brothers Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
