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PT ITSEC Asia Tbk (CYBR) Fair Value & Analysis

Technology · ID · Market cap 8.0T IDR

PI PT ITSEC Asia Tbk CYBR · JK
Price580.00 IDR
Fair Value133.44 IDR
Upside-77.0%
Quality56/100
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Expensive Growth
Thin margins · 2.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Narrow moat 32/100
Evidence: High Range 100.08 IDR – 166.80 IDR Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 133.55 IDR to 133.44 IDR (−0.1%) since Jun 24, 2026.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (166.80 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 years)

1,000,000 IDR 67.50 IDR Fair Value 133.44 IDR Aug 2023 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

36‑month range 67.50 IDR – 1,000,000 IDR · fair‑value band 100.08 IDR – 166.80 IDR · the 580.00 IDR price screens above the 133.44 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT ITSEC Asia Tbk (CYBR) currently trades at 580.00 IDR, while our model-based Fair Value estimate is 133.44 IDR, implying the stock looks roughly 77.0% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT ITSEC Asia Tbk generated revenue of 478B IDR at a net margin of 2.9%. Revenue declined 36.4% year over year. It earns a return on equity of 6.9%. Net debt stands at 25.4B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 100.08 IDR (bear case) to 166.80 IDR (bull case); at 580.00 IDR, the current price sits above 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. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -77%, CYBR screens richer 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
ROIC Compounder 97.87 IDR 151.04 IDR 224.25 IDR 72
Growth-Adj P/E 168.60 IDR 240.85 IDR 313.11 IDR 68
P/E Multiple 100.08 IDR 133.44 IDR 166.80 IDR 63
All 15 models by family
DCF Models
Owner Earnings 51.97 IDR 120.02 IDR 269.25 IDR 31
Earnings-Based
Graham-Dodd 32.41 IDR 225.99 IDR 317.15 IDR 54
Lynch FV 116.76 IDR 166.80 IDR 216.83 IDR 50
PEG = 1.0 116.76 IDR 166.80 IDR 216.83 IDR 46
EPV 75.49 IDR 88.58 IDR 100.22 IDR 59
Multiples
P/E Multiple 100.08 IDR 133.44 IDR 166.80 IDR 63
P/S Multiple 60.76 IDR 81.01 IDR 101.27 IDR 58
P/B Multiple 60.76 IDR 81.01 IDR 101.27 IDR 55
EV/EBIT 167.81 IDR 223.31 IDR 278.81 IDR 53
EV/EBITDA 130.01 IDR 172.91 IDR 215.82 IDR 54
EV/Revenue 85.49 IDR 121.56 IDR 157.64 IDR 43
Asset-Based
NCAV (Graham) 9.46 IDR 12.67 IDR 18.92 IDR 50
Economic Profit
Residual Income 34.66 IDR 46.99 IDR 312.35 IDR 61
ROIC Compounder 97.87 IDR 151.04 IDR 224.25 IDR 72
Growth Earnings
Growth-Adj P/E 168.60 IDR 240.85 IDR 313.11 IDR 68

Widest divergence: Growth Earnings (240.85 IDR) versus Asset-Based (12.67 IDR). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) 478B IDR
Revenue growth (YoY) -36.4%
Net margin 2.9%
Return on equity 6.9%
Free cash flow −60.9B IDR FY2025
P/E ratio 608.0
More key figures
Operating margin -23.0%
EPS (TTM) 0.8800 IDR
EPS growth (YoY) +7.3%
Net debt 25.4B IDR FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 58 · Market factors (momentum, volatility) 38

Profitability 85
Margins and returns on capital today
Quality Growth 95
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 49
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 ITSEC Asia Tbk provides cybersecurity solutions and services in Indonesia, Singapore, and Australia. It operates through Professional Security Services, Managed Security Services, and Cybersecurity Training segments. The company offers information security process manager; managed security service software solutions; and IT education services.

Full company description

PT ITSEC Asia Tbk provides cybersecurity solutions and services in Indonesia, Singapore, and Australia. It operates through Professional Security Services, Managed Security Services, and Cybersecurity Training segments. The company offers information security process manager; managed security service software solutions; and IT education services. It also provides penetration testing and red teaming; audit, risk assurance, and compliance; managed security; security solution integration; V-CISO; threat hunting and compromise assessment; information security analysis; OT/ICS cybersecurity; application security; digital forensics and incident response; and cloud security services. In addition, it offers IntelliBron, a software solution against cyber-attacks. Further, it provides fraud management, DevSecOps, security operations center, and personal data protection solutions. The company serves financial, telecommunications, energy, transportation, manufacturing, and other industries. PT ITSEC Asia Tbk was founded in 2004 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT ITSEC Asia Tbk reported revenue of 527B IDR in FY2025 versus 118B IDR in FY2021, a compound +45.3%/yr. Reported net income was 64.2B IDR in FY2025.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
527B IDR
Latest YoY
+62.1%
Avg. growth/yr (3Y)
+41.3%
Avg. growth/yr (5Y)
+48.3%
Revenue +45.3%/yr
FY21 118B IDR
FY22 187B IDR
FY23 209B IDR
FY24 325B IDR
FY25 527B IDR
Net income
FY21 −6.9B IDR
FY22 −10.9B IDR
FY23 −35.7B IDR
FY24 760M IDR
FY25 64.2B IDR

CYBR screens 77% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "PT ITSEC Asia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/CYBR

Peer Group

Software - Infrastructure · 368 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 56 · Above median
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) -23% · Bottom 25%
Revenue growth -36% · Bottom 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 668.5× · Pricier than 75% of peers
P/B 31.45× · Pricier than 75% of peers
P/S (TTM) 16.78× · 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 0 · sector 0
FUTURE 0 · sector 46
PAST 28 · sector 15
HEALTH 100 · sector 99
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is PT ITSEC Asia Tbk (CYBR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 133.44 IDR versus a price of 580.00 IDR, about −77% (overvalued).
What is the fair value of CYBR?
Our model-based fair value for PT ITSEC Asia Tbk is 133.44 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 580.00 IDR.
What is the quality score of CYBR?
PT ITSEC Asia Tbk has a Quality Score of 56/100. 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 ITSEC Asia Tbk (CYBR)?
PT ITSEC Asia Tbk reported trailing-twelve-month revenue of about 478B IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of CYBR?
The net profit margin of PT ITSEC Asia 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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