PT Gudang Garam Tbk (GDNGY) fair value: what the stock is really worth
We calculate from audited financials what PT Gudang Garam Tbk is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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PT Gudang Garam Tbk
GDNGY · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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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 13, 2026.
How to read this chart
60‑month range $1.70 – $10.29 · fair‑value band $8.42 – $8.78 · the $4.38 price screens below the $8.42 fair value. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
PT Gudang Garam Tbk, together with its subsidiaries, engages in the manufacture and sale of cigarettes in Indonesia and internationally. It operates through Cigarettes, Paperboards, Infrastructure, and Others segments.
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PT Gudang Garam Tbk, together with its subsidiaries, engages in the manufacture and sale of cigarettes in Indonesia and internationally. It operates through Cigarettes, Paperboards, Infrastructure, and Others segments. The company offers hand-rolled, machine-made, and klobot clove cigarettes under the Gudang Garam Family, Surya Family, and GG Family brand names. It also involved in trading business; and provision of safety protective equipment, airport, toll road, and construction services. In addition, the company offers tobacco processing, non-scheduled air transportation, infrastructure, entertainment, and tourism services. The company was formerly known as PT Perusahaan Rokok Tjap "Gudang Garam" Kediri. PT Gudang Garam Tbk was founded in 1958 and is headquartered in Kediri, Indonesia. PT Gudang Garam Tbk operates as a subsidiary of PT Suryaduta Investama.
Stock analysis
PT Gudang Garam Tbk, (GDNGY) currently trades at $4.38, while our model-based Fair Value estimate is $8.42, implying the stock looks roughly 48.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $20.13 per share, and 19 of the 23 models we run sit above the $4.38 price.
Bear case: the Earnings-Based group reads lowest at $2.15, and 4 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: $8.42 (bear) to $8.78 (bull), the price of $4.38 sits below 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 65/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
PT Gudang Garam Tbk, reported revenue of 90.1T IDR in FY2025 versus 125T IDR in FY2021, a compound −7.8%/yr. Reported net income was 1.6T IDR in FY2025, compounding −27.3%/yr from FY2021.
Key figures
Market cap $2.1B · P/E ratio 9.9 · P/S ratio 0.17 · EPS (TTM) $0.3500 · Dividend yield 3.7% · Net margin 1.7% · Return on equity 4.7% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 125% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 92%, GDNGY screens cheaper than that median.
Fair Value models
All 23 models by family
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Set up alert →Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 78
Revenue & earnings trend
Growth Forecast
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Compare PT Gudang Garam Tbk, with another stock
Price, fair value, quality and upside side by side.
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.Tobacco · 39 stocks
Valuation Multiplesvs Tobacco median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Tobacco stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Philip Morris International Inc PM | $191.06 | $103.71 | −46% |
| British American Tobacco p.l.c. BTI | $55.24 | $91.58 | +66% |
| Altria Group MO | $68.98 | $75.66 | +10% |
| ITC Limited ITC | ₹259.85 | ₹285.84 | +10% |
| KT&G Corporation 033780 | 171,800 KRW | 103,453 KRW | −40% |
| PT Hanjaya Mandala Sampoerna Tbk, HMSP | 730.00 IDR | 1,018 IDR | +39% |
| Smoore International Holdings 6969 | HK$9.52 | HK$4.21 | −56% |
| Godfrey Phillips India Limited GODFRYPHLP | ₹1,927 | ₹1,126 | −42% |
| TABAK TABAK | 18,800 CZK | 23,215 CZK | +23% |
| RLX Technology Inc RLX | $1.77 | $2.38 | +34% |
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