Gajah Tunggal Tbk (GJTL) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Gajah Tunggal Tbk stock IDR 1,068, price IDR 1,185, upside -9.9%, quality 48 out of 100. Rating: overvalued. 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. As of Oct 28, 2026.
How to read this chart
60‑month range 468.12 IDR – 1,445 IDR · fair‑value band 981.97 IDR – 1,221 IDR · the 1,185 IDR price screens above the 1,068 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 28, 2026.
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PT. Gajah Tunggal Tbk, together with its subsidiaries, manufactures and sells tires in Indonesia, America, Europe, Asia, the Middle East, Africa, Australia, and Oceania. It offers tyres, tyre cords, synthetic rubber, and tire rubber, inner tubes, flaps, and o-rings, as well as nylon filament yarns.
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The company's products are used in passenger cars, SUVs, commercial vehicles, off-the-road vehicles, industrial vehicles, motorcycles, and bicycles. It exports its products. The company was founded in 1951 and is headquartered in Jakarta, Indonesia.
Stock analysis
Gajah Tunggal Tbk (GJTL) currently trades at 1,185 IDR, while our model-based Fair Value estimate is 1,068 IDR, so the stock looks roughly fairly valued today (gap 11.0%).
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Valuation
Bull case: the Multiples group reads highest at a median of 7,711 IDR per share, and 13 of the 15 models we run sit above the 1,185 IDR price.
Bear case: the Dividend Discount group reads lowest at 448.76 IDR, and 2 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 981.97 IDR (bear) to 1,221 IDR (bull), the price of 1,185 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Gajah Tunggal Tbk reported revenue of 17.7T IDR in FY2025 versus 15.3T IDR in FY2021, a compound +3.6%/yr. Reported net income was 1.2T IDR in FY2025, compounding +98.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 4.1T IDR (≈ $227M) Micro · P/E ratio 2.6 · P/S ratio 0.23 · EPS (TTM) 452.18 IDR · Dividend yield 4.2% · Net margin 8.8% · Return on equity 15.3% · Return on assets (EBIT) 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −25% fair-value upside, at −10%, GJTL screens cheaper than that median.
Fair Value models
Bear981.97 IDRFair Value 1,068 IDRBull1,221 IDR
Price 1,185 IDR · Upside -9.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (374.13 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.0%
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.
+0.9%
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.
+5.6%
Start year 2020 (pandemic). Over 10 years: +3.1% a year
Revenue growth 25 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.
+5.1%
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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.
+40.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.8%
Dividend (yield on the price)4.2%
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.35.8% vs 10.7%, picking up
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.9% → 10%
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.Auto Parts · 659 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−9.9% · Below median
Profitability
Return on equity (12 months)15.3% · Top 25%
Return on assets5.7% · Above median
Net margin (12 months)8.8% · Above median
Operating margin (12 months)10.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)16.6% · Above median
Dividend yield (12 months)4.2% · Top 25%
Balance sheet
Debt / equity0.38× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Is Gajah Tunggal Tbk (GJTL) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 1,068 IDR versus a price of 1,185 IDR, about −10% upside (fairly valued).
What is the fair value of GJTL?
Our model-based fair value for Gajah Tunggal Tbk is 1,068 IDR (as of Oct 28, 2026), built from audited fundamentals. The current price: 1,185 IDR.
What is the quality score of GJTL?
Gajah Tunggal Tbk has a Quality Score of 48/100. 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 Gajah Tunggal Tbk (GJTL)?
Our model-based price target is the fair value of 1,068 IDR (as of Oct 28, 2026) from 15 valuation models. Cautious scenario 981.97 IDR, optimistic scenario 1,221 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Gajah Tunggal Tbk stock forecast for 2026?
Our models put fair value at 1,068 IDR, about −10% upside versus a price of 1,185 IDR (fairly valued). Cautious scenario 981.97 IDR, optimistic scenario 1,221 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Gajah Tunggal Tbk (GJTL)?
Gajah Tunggal Tbk reported trailing-twelve-month revenue of about 18.1T IDR (latest available figure, as of Oct 28, 2026).
Does Gajah Tunggal Tbk pay a dividend?
Gajah Tunggal Tbk currently shows a dividend yield of 4.24% relative to its recent price (as of Oct 28, 2026).
What is the intrinsic value of Gajah Tunggal Tbk (GJTL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gajah Tunggal Tbk it is 1,068 IDR per share (as of Oct 28, 2026), against a price of 1,185 IDR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Gajah Tunggal Tbk stock overvalued or undervalued in 2026?
As of Oct 28, 2026, GJTL trades above its calculated fair value: price 1,185 IDR, fair value 1,068 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 GJTL?
No. The price is what the market pays today (1,185 IDR); the fair value is what the company's own numbers justify (1,068 IDR). For Gajah Tunggal Tbk the two are 117.11 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Gajah Tunggal Tbk worth?
The market values Gajah Tunggal Tbk at about 4.1T IDR (market capitalisation, as of Oct 28, 2026). Per share that is 1,185 IDR; our models calculate a fair value of 1,068 IDR per share.
What do the bullish and bearish scenarios say about GJTL?
Our models span a range for Gajah Tunggal Tbk: cautious scenario 981.97 IDR, base 1,068 IDR, optimistic 1,221 IDR per share (as of Oct 28, 2026, price 1,185 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GJTL?
Gajah Tunggal Tbk trades at a price-to-earnings ratio of 2.6 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,068 IDR is built from several models across several years. Other multiples: PEG 0.3, P/B 0.4, P/S 0.2, EV/EBITDA 2.5.
What is the PEG ratio of GJTL?
The PEG ratio of Gajah Tunggal Tbk is 0.30 (P/E divided by earnings growth, as of Oct 28, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Gajah Tunggal Tbk (GJTL)?
Balance-sheet figures for Gajah Tunggal Tbk (as of Oct 28, 2026): return on equity 15.3%, debt of 0.38 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is GJTL from its 52-week high?
Gajah Tunggal Tbk trades at 1,185 IDR, about 18% below its 52-week high of 1,445 IDR and 27% above the low of 934.47 IDR (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 1,068 IDR is for.
Which stocks are comparable to Gajah Tunggal Tbk?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Gajah Tunggal Tbk stock attractive at the current price?
The data as of Oct 28, 2026: price 1,185 IDR, calculated fair value 1,068 IDR (−10%), Quality Score 48/100, from 15 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 GJTL calculated?
We run Gajah Tunggal Tbk through 15 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 1,068 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 13.4 % above its aggregate fair value. Gajah Tunggal Tbk 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 Gajah Tunggal Tbk (GJTL)?
The closing price on Oct 28, 2026 was 1,185 IDR. Our model-based fair value is 1,068 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 Gajah Tunggal Tbk right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Gajah Tunggal Tbk (GJTL) come from?
Earnings per share at Gajah Tunggal Tbk grew +11.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.1 %, EBIT margin +2.1 %, tax rate +0.4 %, residual (interest, one-offs) +5.6 %. 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 Gajah Tunggal Tbk
How large is the market capitalisation of Gajah Tunggal Tbk (GJTL)?
The market capitalisation of Gajah Tunggal Tbk is 4.1T IDR (≈ $227M). 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 Gajah Tunggal Tbk (GJTL)?
The price-to-sales ratio of Gajah Tunggal Tbk is 0.23 (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 Gajah Tunggal Tbk (GJTL)?
Earnings per share at Gajah Tunggal Tbk are 452.18 IDR (price ÷ EPS = P/E 2.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gajah Tunggal Tbk (GJTL)?
The dividend yield of Gajah Tunggal Tbk is 4.2% (payout 11.1%). 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 Gajah Tunggal Tbk (GJTL)?
The net margin of Gajah Tunggal Tbk is 8.8% (last twelve months). 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 Gajah Tunggal Tbk (GJTL)?
The return on equity (ROE) of Gajah Tunggal Tbk is 15.3% (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 Gajah Tunggal Tbk (GJTL)?
On an EBIT basis the return on assets of Gajah Tunggal Tbk is 7.1% (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 Gajah Tunggal Tbk (GJTL)?
The operating margin of Gajah Tunggal Tbk is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gajah Tunggal Tbk (GJTL)?
Revenue at Gajah Tunggal Tbk is growing +16.6% versus a year earlier (3y avg +0.9%). 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 Gajah Tunggal Tbk (GJTL)?
Earnings per share at Gajah Tunggal Tbk are growing +328% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Gajah Tunggal Tbk (GJTL) generate?
The free cash flow of Gajah Tunggal Tbk is −232B 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 Gajah Tunggal Tbk (GJTL) carry?
The net debt of Gajah Tunggal Tbk is 4.3T 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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Thin data
Oct 28, 2026