PT Ciputra Development Tbk, (CTRA) Fair Value & Analysis
Real Estate · ID · Market cap 10.0T IDR
Fair value as of: Jul 14, 2026
From 9 valuation models · updated 26 days ago
Fair value updated Jul 14, 2026, revised from 1,450 IDR to 1,388 IDR (−4.3%) since Jun 26, 2026. Share price +14.7% over the past month.
A solid business, screening 122% undervalued on our models.
What matters now
- The price is below even our cautious bear case (1,024 IDR). The market is more pessimistic than our downside scenario.
- Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range 496.53 IDR – 1,282 IDR · fair‑value band 1,024 IDR – 1,799 IDR · the 625.00 IDR price screens below the 1,388 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
PT Ciputra Development Tbk, (CTRA) currently trades at 625.00 IDR, while our model-based Fair Value estimate is 1,388 IDR, implying the stock looks roughly 122.0% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Real Estate 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: medium), always confirm before acting.
Over the trailing twelve months, PT Ciputra Development Tbk, generated revenue of 12.4T IDR at a net margin of 20.3%. Revenue declined 6.4% year over year. It earns a return on equity of 10.2%. The balance sheet holds a net cash position of 528B IDR. Fundamentals as of Jul 14, 2026
Our scenario range runs from 1,024 IDR (bear case) to 1,799 IDR (bull case); at 625.00 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 44% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 30% fair-value upside, at 122%, CTRA 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.
All 9 models by family
Widest divergence: Multiples (2,700 IDR) versus Dividend Discount (412.86 IDR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 36
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 Ciputra Development Tbk, together with its subsidiaries, develops and sells real estate properties in Indonesia. The company operates through Real Estate and Rental segments. It develops, sells, and maintains houses, shophouses, warehouses, apartments, office towers, malls, hotels, golf courses, waterparks, and hospitals and healthcare facilities.
Full company description
PT Ciputra Development Tbk, together with its subsidiaries, develops and sells real estate properties in Indonesia. The company operates through Real Estate and Rental segments. It develops, sells, and maintains houses, shophouses, warehouses, apartments, office towers, malls, hotels, golf courses, waterparks, and hospitals and healthcare facilities. The company was formerly known as PT Citra Habitat Indonesia and changed its name to PT Ciputra Development Tbk in December 1990. PT Ciputra Development Tbk was founded in 1981 and is based in Jakarta, Indonesia. PT Ciputra Development Tbk operates as a subsidiary of PT Sang Pelopor.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Ciputra Development Tbk, reported revenue of 12.7T IDR in FY2025 versus 9.7T IDR in FY2021, a compound +6.8%/yr. Reported net income was 2.7T IDR in FY2025, compounding +11.3%/yr from FY2021.
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Peer Group
Real Estate - Development · 588 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.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DLF Limited DLF | ₹657.75 | ₹159.49 | -76% |
| Lodha Developers Limited LODHA | ₹1,188 | ₹583.43 | -51% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,125 IDR | 1,330 IDR | -78% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,925 | ₹1,183 | -39% |
| Godrej Properties Limited GODREJPROP | ₹2,102 | ₹1,044 | -50% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
| PT Bumi Serpong Damai Tbk, BSDE | 555.00 IDR | 1,388 IDR | +150% |
| PT Sentul City Tbk, BKSL | 64.00 IDR | 84.16 IDR | +32% |
| PT Duta Pertiwi Tbk DUTI | 4,100 IDR | 6,239 IDR | +52% |
| PT Puradelta Lestari Tbk DMAS | 139.00 IDR | 181.20 IDR | +30% |
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Frequently asked questions
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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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