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PT Indointernet Tbk. (EDGE) Fair Value & Analysis

Technology · ID · Market cap 9.7T IDR

PI PT Indointernet Tbk. EDGE · JK
Price4,790 IDR
Fair Value1,197 IDR
Upside-75.0%
Quality43/100
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Expensive Growth
Solidly profitable · 13.3% net margin
Moderate debt · negative free cash flow
Trails peers (3/12)
Moderate moat 57/100
Evidence: High Range 762.78 IDR – 1,496 IDR Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 23 days ago

Below-average quality, and screening another 75% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,496 IDR). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (762.78 IDR to 1,496 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

9,625 IDR 1,770 IDR Fair Value 1,197 IDR Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 1,770 IDR – 9,625 IDR · fair‑value band 762.78 IDR – 1,496 IDR · the 4,790 IDR price screens above the 1,197 IDR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

PT Indointernet Tbk. (EDGE) currently trades at 4,790 IDR, while our model-based Fair Value estimate is 1,197 IDR, implying the stock looks roughly 75.0% overvalued today. The Quality Score stands at 43/100 (below-average 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 Indointernet Tbk. generated revenue of 900B IDR at a net margin of 13.3%. Revenue grew 31.2% year over year. It earns a return on equity of 6.6%. Net debt stands at 2.0T IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 762.78 IDR (bear case) to 1,496 IDR (bull case); at 4,790 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. The share trades about 17% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -75%, EDGE 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
Residual Income 731.82 IDR 765.88 IDR 820.59 IDR 76
ROIC Compounder 200.24 IDR 403.09 IDR 583.40 IDR 72
Gordon GGM 18.98 IDR 41.44 IDR 69.73 IDR 70
All 16 models by family
Earnings-Based
Graham-Dodd 406.82 IDR 2,225 IDR 3,087 IDR 54
Lynch FV 618.54 IDR 883.63 IDR 1,149 IDR 50
PEG = 1.0 618.54 IDR 883.63 IDR 1,149 IDR 46
EPV 200.24 IDR 403.09 IDR 583.40 IDR 59
Dividend Discount
Gordon GGM 18.98 IDR 41.44 IDR 69.73 IDR 70
DDM Multi-Stage 18.98 IDR 33.95 IDR 43.19 IDR 61
Multiples
P/E Multiple 897.39 IDR 1,197 IDR 1,496 IDR 63
P/S Multiple 762.78 IDR 1,017 IDR 1,271 IDR 58
P/B Multiple 762.78 IDR 1,017 IDR 1,271 IDR 55
EV/EBIT 774.99 IDR 1,350 IDR 1,924 IDR 53
EV/EBITDA 1,234 IDR 1,961 IDR 2,689 IDR 54
EV/Revenue 92.84 IDR 405.46 IDR 43
Asset-Based
NCAV (Graham) 451.47 IDR 604.97 IDR 902.93 IDR 50
Economic Profit
Residual Income 731.82 IDR 765.88 IDR 820.59 IDR 76
ROIC Compounder 200.24 IDR 403.09 IDR 583.40 IDR 72
Growth Earnings
Growth-Adj P/E 879.35 IDR 1,256 IDR 1,633 IDR 68

Widest divergence: Growth Earnings (1,256 IDR) versus Dividend Discount (33.95 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 900B IDR
Revenue growth (YoY) +31.2%
Net margin 13.3%
Return on equity 6.6%
Free cash flow −999B IDR FY2025
P/E ratio 81.3
More key figures
Operating margin 32.1%
EPS (TTM) 58.92 IDR
EPS growth (YoY) -3.4%
Net debt 2.0T IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 42 · Market factors (momentum, volatility) 50

Profitability 28
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 9
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 34
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 Indointernet Tbk. provides network connection, cloud, and data center services in Indonesia. It offers internet services include dedicated internet; broadband internet; IP transit; EPIX, a high-speed connections for seamless data exchange; and HomeNet services.

Full company description

PT Indointernet Tbk. provides network connection, cloud, and data center services in Indonesia. It offers internet services include dedicated internet; broadband internet; IP transit; EPIX, a high-speed connections for seamless data exchange; and HomeNet services. The company also provides metro connection services, including dark fiber, cloud exchange, DWDM solutions; and Cross Link, a solution that offers SDN-driven metro connectivity services between data centers and other strategic locations, as well as network managed services. In addition, it offers data center solutions; and cloud services. The company was founded in 1994 and is based in Tangerang Selatan, Indonesia. PT Indointernet Tbk. is a subsidiary of Digital Edge (Hong Kong) Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Indointernet Tbk. reported revenue of 842B IDR in FY2025 versus 620B IDR in FY2021, a compound +8.0%/yr. Reported net income was 121B IDR in FY2025, compounding −0.6%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
842B IDR
Latest YoY
−17.2%
Avg. growth/yr (3Y)
+0.8%
Avg. growth/yr (5Y)
+12.1%
Avg. growth/yr (8Y)
+23.4%
Revenue +8.0%/yr
FY21 620B IDR
FY22 822B IDR
FY23 950B IDR
FY24 1.0T IDR
FY25 842B IDR
Net income −0.6%/yr
FY21 124B IDR
FY22 186B IDR
FY23 253B IDR
FY24 232B IDR
FY25 121B IDR

EDGE screens 75% overvalued. Compare with International Business Machines Corporation →

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

Peer Group

Information Technology Services · 480 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 43 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on equity (TTM) 7% · Below median
Return on assets 3% · Below median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 31% · Top 25%
Debt / equity 1.32× · Higher than 75% of peers

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 81.3× · Pricier than 75% of peers
P/B 5.30× · Pricier than 75% of peers
P/S (TTM) 10.75× · Pricier than 75% of peers
EV/EBITDA 24.0× · 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 20
FUTURE 100 · sector 29
PAST 27 · sector 36
HEALTH 34 · sector 97
DIVIDEND 0 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is PT Indointernet Tbk. (EDGE) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1,197 IDR versus a price of 4,790 IDR, about −75% (overvalued).
What is the fair value of EDGE?
Our model-based fair value for PT Indointernet Tbk. is 1,197 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 4,790 IDR.
What is the quality score of EDGE?
PT Indointernet Tbk. has a Quality Score of 43/100. 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 Indointernet Tbk. (EDGE)?
PT Indointernet Tbk. reported trailing-twelve-month revenue of about 900B IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of EDGE?
The net profit margin of PT Indointernet Tbk. is about 13.3%, meaning it keeps roughly 13.3% 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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