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PT Citra Tubindo Tbk, (CTBN) Fair Value & Analysis

Energy · ID · Market cap 4.0T IDR

PC PT Citra Tubindo Tbk, CTBN · JK
Price4,000 IDR
Fair Value6,862 IDR
Upside+71.6%
Quality73/100
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Healthy Growth
Thin margins · 2.9% net margin
generates free cash flow
Trails peers (3/13)
Narrow moat 31/100
Evidence: High Range 5,057 IDR – 8,668 IDR Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 6,876 IDR to 6,862 IDR (−0.2%) since Jul 15, 2026. Share price −31.0% over the past month.

A solid business, screening 72% undervalued on our models.

What matters now

  • The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (5,057 IDR). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

8,063 IDR 873.09 IDR Fair Value 6,862 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 873.09 IDR – 8,063 IDR · fair‑value band 5,057 IDR – 8,668 IDR · the 4,000 IDR price screens below the 6,862 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Citra Tubindo Tbk, (CTBN) currently trades at 4,000 IDR, while our model-based Fair Value estimate is 6,862 IDR, implying the stock looks roughly 71.6% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Energy 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: high), always confirm before acting.

Over the trailing twelve months, PT Citra Tubindo Tbk, generated revenue of 189M IDR at a net margin of 2.9%. Revenue declined 80.1% year over year. It earns a return on equity of 4.1%. The balance sheet holds a net cash position of 62.8M IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 5,057 IDR (bear case) to 8,668 IDR (bull case); at 4,000 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 56% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at 72%, CTBN 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 3,251 IDR 4,334 IDR 15,711 IDR 76
Growth DCF 19,143 IDR 30,881 IDR 50,565 IDR 72
Growth-Adj P/E 4,154 IDR 5,959 IDR 7,765 IDR 68
All 24 models by family
DCF Models
FCF DCF 18,962 IDR 30,520 IDR 50,023 IDR 38
Owner Earnings 8,127 IDR 12,461 IDR 19,684 IDR 31
5Y Revenue Exit 10,474 IDR 14,267 IDR 18,962 IDR 39
5Y EBITDA Exit 9,210 IDR 11,919 IDR 14,808 IDR 41
5Y P/E Exit 10,294 IDR 13,905 IDR 17,698 IDR 38
10Y Revenue Exit 13,002 IDR 17,337 IDR 22,935 IDR 36
10Y EBITDA Exit 12,280 IDR 15,711 IDR 19,684 IDR 37
10Y P/E Exit 13,002 IDR 17,156 IDR 22,032 IDR 35
Earnings-Based
Graham-Dodd 3,251 IDR 11,738 IDR 15,892 IDR 54
Lynch FV 2,709 IDR 3,973 IDR 5,057 IDR 50
PEG = 1.0 2,709 IDR 3,973 IDR 5,057 IDR 46
EPV 6,140 IDR 7,043 IDR 7,765 IDR 59
Multiples
P/E Multiple 5,057 IDR 6,862 IDR 8,488 IDR 63
P/S Multiple 5,418 IDR 7,224 IDR 8,849 IDR 58
P/B Multiple 3,792 IDR 5,057 IDR 6,321 IDR 55
EV/EBIT 6,140 IDR 7,585 IDR 9,210 IDR 53
EV/EBITDA 4,876 IDR 5,959 IDR 7,043 IDR 54
EV/Revenue 6,501 IDR 8,668 IDR 10,835 IDR 43
Asset-Based
NCAV (Graham) 1,445 IDR 1,806 IDR 2,889 IDR 50
Growth DCF
Growth DCF 19,143 IDR 30,881 IDR 50,565 IDR 72
Rev-Margin DCF 10,474 IDR 14,447 IDR 19,143 IDR 67
Economic Profit
Residual Income 3,251 IDR 4,334 IDR 15,711 IDR 76
ROIC Compounder 6,501 IDR 7,946 IDR 9,571 IDR 67
Growth Earnings
Growth-Adj P/E 4,154 IDR 5,959 IDR 7,765 IDR 68

Widest divergence: Growth DCF (14,447 IDR) versus Asset-Based (1,806 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 189M IDR
Revenue growth (YoY) -80.1%
Net margin 2.9%
Return on equity 4.1%
Free cash flow 62.1M IDR FY2025
P/E ratio 46.8
More key figures
Operating margin -3.7%
EPS (TTM) 108.00 IDR
EPS growth (YoY) -94.3%
Net cash 62.8M IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 78 · Market factors (momentum, volatility) 22

Profitability 68
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 95
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Citra Tubindo Tbk, together with its subsidiaries, provides pipes and accessories, and related services to the oil and gas industries in Indonesia. The company operates through Pipe Processing; Transportation Services and Others, and Technical Support segments.

Full company description

PT Citra Tubindo Tbk, together with its subsidiaries, provides pipes and accessories, and related services to the oil and gas industries in Indonesia. The company operates through Pipe Processing; Transportation Services and Others, and Technical Support segments. The company offers finishing and threading of pipes; and heat treatment process for seamless pipes, as well as manufactures accessories. It also provides technical support services related to intellectual property. In addition, the company offers port, transportation, and stevedoring services. It exports its products. PT Citra Tubindo Tbk was incorporated in 1983 and is headquartered in Batam, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Citra Tubindo Tbk, reported revenue of 264M IDR in FY2025 versus 93.8M IDR in FY2021, a compound +29.5%/yr. Reported net income was 21.5M IDR in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
264M IDR
Latest YoY
+3.8%
Avg. growth/yr (3Y)
+26.8%
Avg. growth/yr (5Y)
+15.9%
Avg. growth/yr (16Y)
+0.7%
Revenue +29.5%/yr
FY21 93.8M IDR
FY22 129M IDR
FY23 208M IDR
FY24 254M IDR
FY25 264M IDR
Net income
FY21 −16.0M IDR
FY22 −6.6M IDR
FY23 18.6M IDR
FY24 26.2M IDR
FY25 21.5M IDR

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Cite: Fair Value Calculator (2026). "PT Citra Tubindo Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/CTBN

Peer Group

Oil & Gas Equipment & Services · 191 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.

Quality Score 73 · Top 25%
Fair Value upside +72% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -80% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/E (TTM) 46.8× · Pricier than 75% of peers
P/B 3.25× · Pricier than 75% of peers
P/S (TTM) 2.14× · Pricier than median
P/FCF 6.5× · Cheaper than median
EV/EBITDA 25.2× · Pricier than 75% of peers

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.

VALUE 100 · sector 0
FUTURE 0 · sector 0
PAST 16 · sector 28
HEALTH 0 · sector 92
DIVIDEND 0 · sector 31

Values & ESG

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

Oil & gas

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

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥12.08 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is PT Citra Tubindo Tbk, (CTBN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 6,862 IDR versus a price of 4,000 IDR, about +72% (undervalued).
What is the fair value of CTBN?
Our model-based fair value for PT Citra Tubindo Tbk, is 6,862 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 4,000 IDR.
What is the quality score of CTBN?
PT Citra Tubindo Tbk, has a Quality Score of 73/100. 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 revenue of PT Citra Tubindo Tbk, (CTBN)?
PT Citra Tubindo Tbk, reported trailing-twelve-month revenue of about 189M IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of CTBN?
The net profit margin of PT Citra Tubindo Tbk, is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.

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.

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