Bank Sinarmas Tbk (BSIM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bank Sinarmas Tbk stock IDR 388, price IDR 755, that is 48.6% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
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Bank Sinarmas Tbk
BSIM · JKOur calculation puts a fair price 49% below what the stock costs today.
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 530.00 IDR – 1,710 IDR · fair‑value band 290.78 IDR – 484.63 IDR · the 755.00 IDR price screens above the 387.71 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. As of Nov 6, 2026.
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Company profile
PT Bank Sinarmas Tbk provides various banking products and services in Indonesia. The company operates through Marketing and Credit, Treasury, and Trade Finance segments.
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It offers savings, time and on-call deposits, and current accounts; mutual funds; bancassurance products; and mutual funds investment and guarantees services.
The company also provides unsecured, car ownership, multipurpose, working capital, investment loans, as well as simas cash fund, expansion of collateral, back-to-back credit, micro and business credit, and palm oil farmers loan; inward documentary collection, issuance, amendment, advising, outward documentary collection, discount export document, and negotiation export document; and treasury services comprising telegraphic transfer, bank notes, FX hedging, and ODA for G7. In addition, it offers insurance products; other services, such as safe deposit box, travelers cheque, simas holiday, payroll, bill payment, and giro biller insurance products; internet, mobile, and phone banking; and debit card and credit card.
Further, the company is involved in investments in securities and money markets; financing; issuance of debt; and trade financing activities. The company was formerly known as PT Bank Shinta Indonesia and changed its name to PT Bank Sinarmas Tbk in January 2007.
PT Bank Sinarmas Tbk was founded in 1989 and is headquartered in Jakarta, Indonesia. PT Bank Sinarmas Tbk operates as a subsidiary of PT Sinar Mas Multiartha Tbk.
Stock analysis
Bank Sinarmas Tbk (BSIM) currently trades at 755.00 IDR, while our model-based Fair Value estimate is 387.71 IDR, 49% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 387.71 IDR per share, and 0 of the 4 models we run sit above the 755.00 IDR price.
Bear case: the Economic Profit group reads lowest at 275.39 IDR, and 4 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 290.78 IDR (bear) to 484.63 IDR (bull), the price of 755.00 IDR sits above 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 54/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Bank Sinarmas Tbk reported revenue of 4.0T IDR in FY2025 versus 4.0T IDR in FY2021, a compound −0.1%/yr. Reported net income was 286B IDR in FY2025, compounding +22.3%/yr from FY2021.
Key figures
Market cap 14.9T IDR (≈ $822M) Small · P/E ratio 55.7 · P/S ratio 5.05 · EPS (TTM) 13.55 IDR · Net margin 9.2% · Return on equity 3.4% · Return on assets (EBIT) 0.5% (5-year average) · Operating margin 8.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 11% 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 −49%, BSIM screens richer 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
BSIM screens overvalued: fair value 49% below the price. Compare with China Merchants Bank Co →
Compare Bank Sinarmas 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 · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
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
- Stock screener with 62 metrics
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 BSIM |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs BSIM |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs BSIM |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs BSIM |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs BSIM |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs BSIM |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs BSIM |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs BSIM |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs BSIM |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs BSIM |
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Key figures of Bank Sinarmas Tbk
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