Esta Multi Usaha PT (ESTA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Esta Multi Usaha PT IDR 27, price IDR 167, upside -83.9%, quality 22 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 31.55 IDR – 515.00 IDR · fair‑value band 5.38 IDR – 48.45 IDR · the 167.00 IDR price screens above the 26.91 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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PT Esta Multi Usaha Tbk primarily engages in the hospitality business in Indonesia. The company owns and operates a hotel under the name D'esta Hotel 88. It also offers accommodation services, including food and beverage, and two-star hotels. In addition, it engages in purchase, sale, rental, and operation of real estate; as well as vehicle rental.
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PT Esta Multi Usaha Tbk primarily engages in the hospitality business in Indonesia. The company owns and operates a hotel under the name D'esta Hotel 88. It also offers accommodation services, including food and beverage, and two-star hotels. In addition, it engages in purchase, sale, rental, and operation of real estate; as well as vehicle rental. The company was formerly known as PT Esta Asri Propertindo and changed its name to PT Esta Multi Usaha Tbk in September 2019. PT Esta Multi Usaha Tbk was incorporated in 2011 and is founded in South Tangerang, Indonesia. PT Esta Multi Usaha Tbk operates as a subsidiary of PT Esta Utama Corpora.
Stock analysis
Esta Multi Usaha PT (ESTA) currently trades at 167.00 IDR, while our model-based Fair Value estimate is 26.91 IDR, implying the stock looks roughly 520.7% overvalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 5.38 IDR (bear) to 48.45 IDR (bull), the price of 167.00 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 22/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Esta Multi Usaha PT reported revenue of 50.2B IDR in FY2025 versus 35.6B IDR in FY2021, a compound +9.0%/yr. Reported net income was −8.2B IDR in FY2025.
Key figures
Market cap 405B IDR (≈ $40.5M) · P/S ratio 7.76 · EPS (TTM) −0.4170 IDR · Net margin −16.4% · Return on equity −4.2% · Return on assets (EBIT) 1.0% · Operating margin −2.7% · Revenue (TTM) 51.0B IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 123% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −29% fair-value upside, at −84%, ESTA screens richer than that median.
Fair Value models
Bear 5.38 IDRFair Value 26.91 IDRBull 48.45 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+41.6%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+60.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
10.0% (2020) → 5.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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.Lodging · 167 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside−84% · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−15% · Bottom 25%
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth8% · Above median
Balance sheet
Debt / equity0.49× · Above median
Valuation Multiplesvs Lodging median · lower = cheaper
EV/EBITDA4.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)38· sector 24
PAST (return on equity)0· sector 12
HEALTH (low debt)75· sector 88
DIVIDEND (yield)0· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Esta Multi Usaha PT Fair Value". https://www.fairvalue-calculator.com/stock/ESTA
Frequently asked questions
Is Esta Multi Usaha PT (ESTA) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 26.91 IDR versus a price of 167.00 IDR, about −84% upside (overvalued).
What is the fair value of ESTA?
Our model-based fair value for Esta Multi Usaha PT is 26.91 IDR (as of Sep 23, 2026), built from audited fundamentals. The current price: 167.00 IDR.
What is the quality score of ESTA?
Esta Multi Usaha PT has a Quality Score of 22/100. 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 price target for Esta Multi Usaha PT (ESTA)?
Our model-based price target is the fair value of 26.91 IDR (as of Sep 23, 2026) from 2 valuation models. Cautious scenario 5.38 IDR, optimistic scenario 48.45 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Esta Multi Usaha PT stock forecast for 2026?
Our models put fair value at 26.91 IDR, about −84% upside versus a price of 167.00 IDR (overvalued). Cautious scenario 5.38 IDR, optimistic scenario 48.45 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Esta Multi Usaha PT (ESTA)?
Esta Multi Usaha PT reported trailing-twelve-month revenue of about 51.0B IDR (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Esta Multi Usaha PT (ESTA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Esta Multi Usaha PT it is 26.91 IDR per share (as of Sep 23, 2026), against a price of 167.00 IDR. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Esta Multi Usaha PT stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ESTA trades above its calculated fair value: price 167.00 IDR, fair value 26.91 IDR, a gap of about −84% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ESTA?
No. The price is what the market pays today (167.00 IDR); the fair value is what the company's own numbers justify (26.91 IDR). For Esta Multi Usaha PT the two are 140.09 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Esta Multi Usaha PT worth?
The market values Esta Multi Usaha PT at about 405B IDR (market capitalisation, as of Sep 23, 2026). Per share that is 167.00 IDR; our models calculate a fair value of 26.91 IDR per share.
What do the bullish and bearish scenarios say about ESTA?
Our models span a range for Esta Multi Usaha PT: cautious scenario 5.38 IDR, base 26.91 IDR, optimistic 48.45 IDR per share (as of Sep 23, 2026, price 167.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Esta Multi Usaha PT (ESTA)?
Balance-sheet figures for Esta Multi Usaha PT (as of Sep 23, 2026): return on equity −4.2%, debt of 0.49 per unit of equity. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is ESTA from its 52-week high?
Esta Multi Usaha PT trades at 167.00 IDR, about 62% below its 52-week high of 440.00 IDR and 123% above the low of 75.00 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 26.91 IDR is for.
Which stocks are comparable to Esta Multi Usaha PT?
From the same area (Consumer Cyclical) we also value Marriott International, Inc, Hilton Worldwide Holdings, InterContinental Hotels Group, Hyatt Hotels Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Esta Multi Usaha PT stock attractive at the current price?
The data as of Sep 23, 2026: price 167.00 IDR, calculated fair value 26.91 IDR (−84%), Quality Score 22/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ESTA calculated?
We run Esta Multi Usaha PT through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 26.91 IDR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Esta Multi Usaha PT itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Esta Multi Usaha PT (ESTA)?
The closing price on Sep 23, 2026 was 167.00 IDR. Our model-based fair value is 26.91 IDR, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Esta Multi Usaha PT right now?
The price sits above even our optimistic bull case (48.45 IDR). The favourable scenario is already priced in. Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (5.38 IDR to 48.45 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Esta Multi Usaha PT
How large is the market capitalisation of Esta Multi Usaha PT (ESTA)?
The market capitalisation of Esta Multi Usaha PT is 405B IDR (≈ $40.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Esta Multi Usaha PT (ESTA)?
The price-to-sales ratio of Esta Multi Usaha PT is 7.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Esta Multi Usaha PT (ESTA)?
Earnings per share at Esta Multi Usaha PT are −0.4170 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Esta Multi Usaha PT (ESTA)?
The net margin of Esta Multi Usaha PT is −16.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Esta Multi Usaha PT (ESTA)?
The return on equity (ROE) of Esta Multi Usaha PT is −4.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Esta Multi Usaha PT (ESTA)?
On an EBIT basis the return on assets of Esta Multi Usaha PT is 1.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Esta Multi Usaha PT (ESTA)?
The operating margin of Esta Multi Usaha PT is −2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Esta Multi Usaha PT (ESTA)?
Revenue at Esta Multi Usaha PT is growing +7.6% versus a year earlier (3y avg +4.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Esta Multi Usaha PT (ESTA)?
Earnings per share at Esta Multi Usaha PT are growing −95.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Esta Multi Usaha PT (ESTA) generate?
The free cash flow of Esta Multi Usaha PT is −10.1B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Esta Multi Usaha PT (ESTA) carry?
The net debt of Esta Multi Usaha PT is 144B IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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