Gihon Telekomunikasi Indonesia Tbk PT (GHON) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Gihon Telekomunikasi Indonesia Tbk PT IDR 1,799, price IDR 1,640, upside +9.7%, quality 55 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 24, 2026.
How to read this chart
60‑month range 1,175 IDR – 2,330 IDR · fair‑value band 1,176 IDR – 2,982 IDR · the 1,640 IDR price screens below the 1,799 IDR fair value. Dashed = 300-day average. As of Sep 24, 2026.
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PT Gihon Telekomunikasi Indonesia Tbk provides telecommunications tower leasing services in Indonesia. The company is involved in the engineering, design, construction, installation, and network integration of telecommunication Industry.
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PT Gihon Telekomunikasi Indonesia Tbk provides telecommunications tower leasing services in Indonesia. The company is involved in the engineering, design, construction, installation, and network integration of telecommunication Industry. It also provides telecommunications infrastructure services, including maintenance, operation, and maintenance of sites and networks. The company was founded in 2001 and is based in Tangerang, Indonesia. PT Gihon Telekomunikasi Indonesia Tbk is a subsidiary of PT Tower Bersama Infrastructure Tbk.
Stock analysis
Gihon Telekomunikasi Indonesia Tbk PT (GHON) currently trades at 1,640 IDR, while our model-based Fair Value estimate is 1,799 IDR, implying the stock looks roughly 8.8% fairly valued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 2,722 IDR per share, and 15 of the 26 models we run sit above the 1,640 IDR price.
Bear case: the Asset-Based group reads lowest at 924.45 IDR, and 11 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,176 IDR (bear) to 2,982 IDR (bull), the price of 1,640 IDR sits inside 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 55/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Gihon Telekomunikasi Indonesia Tbk PT reported revenue of 211B IDR in FY2025 versus 165B IDR in FY2021, a compound +6.4%/yr. Reported net income was 78.1B IDR in FY2025, compounding −3.4%/yr from FY2021.
Key figures
Market cap 902B IDR (≈ $50.4M) · P/E ratio 10.0 · P/S ratio 3.71 · EPS (TTM) 163.37 IDR · Dividend yield 11.7% · Net margin 37.0% · Return on equity 8.9% · Return on assets (EBIT) 9.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at 10%, GHON screens richer than that median.
Fair Value models
Bear 1,176 IDRFair Value 1,799 IDRBull 2,982 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (119.96 IDR per share) are deliberately not added.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.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.2%
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.
+4.3%
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.
+8.1%
Start year 2020 (pandemic). Over 10 years: +9.6% a year
Revenue growth 11 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.
+10.0%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)11.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0% vs 15%, slowing
Profit margin 2020 to 2025 ⓘ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.66% → 56%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +19.4% a year for the price.
Compare Gihon Telekomunikasi Indonesia Tbk PT with another stock
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.Telecom Services · 249 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)9% · Above median
Return on assets6% · Top 25%
Net margin (TTM)35% · Top 25%
Operating margin (TTM)60% · Top 25%
Growth and dividend
Revenue growth−4% · Bottom 25%
Dividend yield (TTM)11.7% · Top 25%
Balance sheet
Debt / equity0.42× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Gihon Telekomunikasi Indonesia Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/GHON
Frequently asked questions
Is Gihon Telekomunikasi Indonesia Tbk PT (GHON) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,799 IDR versus a price of 1,640 IDR, about +10% upside (fairly valued).
What is the fair value of GHON?
Our model-based fair value for Gihon Telekomunikasi Indonesia Tbk PT is 1,799 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,640 IDR.
What is the quality score of GHON?
Gihon Telekomunikasi Indonesia Tbk PT has a Quality Score of 55/100. 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 Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
Our model-based price target is the fair value of 1,799 IDR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 1,176 IDR, optimistic scenario 2,982 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Gihon Telekomunikasi Indonesia Tbk PT stock forecast for 2026?
Our models put fair value at 1,799 IDR, about +10% upside versus a price of 1,640 IDR (fairly valued). Cautious scenario 1,176 IDR, optimistic scenario 2,982 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
Gihon Telekomunikasi Indonesia Tbk PT reported trailing-twelve-month revenue of about 209B IDR (latest available figure, as of Sep 24, 2026).
Does Gihon Telekomunikasi Indonesia Tbk PT pay a dividend?
Gihon Telekomunikasi Indonesia Tbk PT currently shows a dividend yield of about 11.69% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
For today's price to be fair in a discounted-cash-flow model, Gihon Telekomunikasi Indonesia Tbk PT would have to grow free cash flow by +22.5 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of GHON use?
Our models discount Gihon Telekomunikasi Indonesia Tbk PT at 10.5 %: a base by market capitalisation (nano), damped by beta 0.16, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Gihon Telekomunikasi Indonesia Tbk PT that is +22.5 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Gihon Telekomunikasi Indonesia Tbk PT (GHON) delivered so far?
Over the past 5 years revenue at Gihon Telekomunikasi Indonesia Tbk PT grew +8.1 % a year. The price currently implies +22.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Gihon Telekomunikasi Indonesia Tbk PT (GHON) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Gihon Telekomunikasi Indonesia Tbk PT (+22.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The free-cash-flow yield on the price is 3.52 %: that much free cash flow Gihon Telekomunikasi Indonesia Tbk PT produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gihon Telekomunikasi Indonesia Tbk PT it is 1,799 IDR per share (as of Sep 24, 2026), against a price of 1,640 IDR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Gihon Telekomunikasi Indonesia Tbk PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, GHON trades below its calculated fair value: price 1,640 IDR, fair value 1,799 IDR, a gap of about +10% (fairly valued). 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 GHON?
No. The price is what the market pays today (1,640 IDR); the fair value is what the company's own numbers justify (1,799 IDR). For Gihon Telekomunikasi Indonesia Tbk PT the two are 158.50 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Gihon Telekomunikasi Indonesia Tbk PT worth?
The market values Gihon Telekomunikasi Indonesia Tbk PT at about 902B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 1,640 IDR; our models calculate a fair value of 1,799 IDR per share.
What do the bullish and bearish scenarios say about GHON?
Our models span a range for Gihon Telekomunikasi Indonesia Tbk PT: cautious scenario 1,176 IDR, base 1,799 IDR, optimistic 2,982 IDR per share (as of Sep 24, 2026, price 1,640 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GHON?
Gihon Telekomunikasi Indonesia Tbk PT trades at a price-to-earnings ratio of 10.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,799 IDR is built from several models across several years. Other multiples: P/B 1.2, P/S 4.3, EV/EBITDA 8.2.
How solid is the balance sheet of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
Balance-sheet figures for Gihon Telekomunikasi Indonesia Tbk PT (as of Sep 24, 2026): return on equity 8.9%, debt of 0.42 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is GHON from its 52-week high?
Gihon Telekomunikasi Indonesia Tbk PT trades at 1,640 IDR, about 30% below its 52-week high of 2,330 IDR and 11% above the low of 1,478 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1,799 IDR is for.
Which stocks are comparable to Gihon Telekomunikasi Indonesia Tbk PT?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 Gihon Telekomunikasi Indonesia Tbk PT stock attractive at the current price?
The data as of Sep 24, 2026: price 1,640 IDR, calculated fair value 1,799 IDR (+10%), Quality Score 55/100, from 26 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 GHON calculated?
We run Gihon Telekomunikasi Indonesia Tbk PT through 26 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 1,799 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 14.0 % above its aggregate fair value. Gihon Telekomunikasi Indonesia Tbk PT currently trades 10 % below its own fair value, and the market average says nothing about that. 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 Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The closing price on Sep 24, 2026 was 1,640 IDR. Our model-based fair value is 1,799 IDR, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gihon Telekomunikasi Indonesia Tbk PT right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (1,176 IDR to 2,982 IDR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Gihon Telekomunikasi Indonesia Tbk PT (GHON) come from?
Earnings per share at Gihon Telekomunikasi Indonesia Tbk PT grew +22.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.3 %, EBIT margin +7.3 %, tax rate +2.1 %, residual (interest, one-offs) +6.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Gihon Telekomunikasi Indonesia Tbk PT
How large is the market capitalisation of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The market capitalisation of Gihon Telekomunikasi Indonesia Tbk PT is 902B IDR (≈ $50.4M). 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 Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The price-to-sales ratio of Gihon Telekomunikasi Indonesia Tbk PT is 3.71 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
Earnings per share at Gihon Telekomunikasi Indonesia Tbk PT are 163.37 IDR (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The dividend yield of Gihon Telekomunikasi Indonesia Tbk PT is 11.7% (payout 117%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The net margin of Gihon Telekomunikasi Indonesia Tbk PT is 37.0% (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 Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The return on equity (ROE) of Gihon Telekomunikasi Indonesia Tbk PT is 8.9% (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 Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
On an EBIT basis the return on assets of Gihon Telekomunikasi Indonesia Tbk PT is 9.3% (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 Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
The operating margin of Gihon Telekomunikasi Indonesia Tbk PT is 59.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
Revenue at Gihon Telekomunikasi Indonesia Tbk PT is growing −3.9% versus a year earlier (3y avg +4.3%). 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 Gihon Telekomunikasi Indonesia Tbk PT (GHON)?
Earnings per share at Gihon Telekomunikasi Indonesia Tbk PT are growing −20.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Gihon Telekomunikasi Indonesia Tbk PT (GHON) carry?
The net debt of Gihon Telekomunikasi Indonesia Tbk PT is 493B IDR (fiscal year 2025, ≈ 15.5 yrs of FCF). 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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