Bank Cimb Niaga Tbk (BNGA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bank Cimb Niaga Tbk stock IDR 2,990, price IDR 1,490, upside +100.7%, quality 61 out of 100. Rating: strongly undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
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Bank Cimb Niaga Tbk
BNGA · JKThe stock costs 50% less than our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 576.13 IDR – 1,765 IDR · fair‑value band 2,243 IDR – 3,738 IDR · the 1,490 IDR price screens below the 2,990 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
PT Bank CIMB Niaga Tbk, together with its subsidiaries, provides various banking products and services in Indonesia and internationally.
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The company offers saving, current, and time and term deposit products; Sharia and payroll savings products; credit and debit cards; mortgages and loans; distributes and supplies financing services; treasury products, such as foreign exchange, strike currency, bond and market-linked deposits, swap deposit, hedging instruments, and investment products; and mutual funds and endowment services.
It also provides individual loans, such as mortgages, OCTO loan, joint financing, consumer loan products with cash and securities as collateral, and other loans; Sharia individual financing and indirect auto financing products; working capital, investment, and syndicated loans; Sharia hedging; bank notes and a range of bonds; and account receivable, account payable, pre-shipment, and supply chain financing.
In addition, the company offers bank draft, special fund transfer, preferred collection, cash mobile and pick up, cash sweeping, and safe deposit box services; trustee and agency services, custodian services, factoring, and letter of credit; and electronic access facilities, including operation of automatic teller machine, and digital and mobile banking services.
Further, it provides state treasury notes and government guarantee instruments; bancassurance products, such as Sharia based insurance products, life and health insurance, mortgage credit life insurance, personal loan credit life insurance, travel insurance, and credit protector insurance; and cash management, remittance, trade finance, and value chain services.
The company was formerly known as PT Bank Niaga Tbk and changed its name to PT Bank CIMB Niaga Tbk in May 2008. The company was founded in 1955 and is headquartered in Jakarta, Indonesia. PT Bank CIMB Niaga Tbk is a subsidiary of CIMB Group Sdn. Bhd.
Stock analysis
Bank Cimb Niaga Tbk (BNGA) currently trades at 1,490 IDR, while our model-based Fair Value estimate is 2,990 IDR, implying the stock looks roughly 50% undervalued today.
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Valuation
How firm this estimate is: it rests on 4 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: 2,243 IDR (bear) to 3,738 IDR (bull), the price of 1,490 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 61/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank Cimb Niaga Tbk reported revenue of 30.7T IDR in FY2025 versus 23.5T IDR in FY2021, a compound +6.9%/yr. Reported net income was 6.9T IDR in FY2025, compounding +13.8%/yr from FY2021.
Key figures
Market cap 37.4T IDR (≈ $2.1B) Mid · P/E ratio 5.6 · P/S ratio 2.08 · EPS (TTM) 272.77 IDR · Dividend yield 10.3% · Net margin 38.2% · Return on equity 12.5% · Return on assets (EBIT) 2.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 101%, BNGA screens cheaper than that median.
Fair Value models
All 4 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Compare Bank Cimb Niaga Tbk with another stock
Price, fair value, quality and upside side by side.
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 · 996 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- PEG screener for stocks with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs BNGA |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs BNGA |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs BNGA |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs BNGA |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs BNGA |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs BNGA |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs BNGA |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs BNGA |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs BNGA |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs BNGA |
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Frequently asked questions
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Key figures of Bank Cimb Niaga Tbk
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