PT GoTo Gojek Tokopedia Tbk (GTOFF) Fair Value & Analysis

Technology · US · Market cap $1.6B

A solid business, currently priced close to our fair value.

What matters now

• The price sits above even our optimistic bull case ($0.0069). The favourable scenario is already priced in.
• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• The models converge in a tight band ($0.0068 to $0.0069), unusually little disagreement for a valuation.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (3 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

34‑month range $0.0009 – $0.1020 · fair‑value band $0.0068 – $0.0069 · the $0.0073 price screens above the $0.0069 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PT GoTo Gojek Tokopedia Tbk (GTOFF) currently trades at $0.0073, while our model-based Fair Value estimate is $0.0069, implying the stock looks roughly 5.5% fairly valued today. The Quality Score stands at 54/100 (solid 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: low).

Over the trailing twelve months, PT GoTo Gojek Tokopedia Tbk generated revenue of $17.5T at a net margin of -3.3%. Revenue grew 26.3% year over year. It earns a return on equity of -3.3%. Fundamentals as of Aug 13, 2026

Our scenario range runs from $0.0068 (bear case) to $0.0069 (bull case); at $0.0073, 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. For context, the median of 10 Technology peers we cover trades at -62% fair-value upside, at -5%, GTOFF screens cheaper 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.

Key figures & financial health

Quality Score breakdown

About the company

PT GoTo Gojek Tokopedia Tbk provides and operates on-demand services in Indonesia and internationally. It offers Gojek on-demand services, including mobility, food delivery, and logistics through electronic media, software platforms, or applications to micro-entrepreneurs; GoTo Financial technology solutions, including consumer payments, lending, and …

Full company description

PT GoTo Gojek Tokopedia Tbk provides and operates on-demand services in Indonesia and internationally. It offers Gojek on-demand services, including mobility, food delivery, and logistics through electronic media, software platforms, or applications to micro-entrepreneurs; GoTo Financial technology solutions, including consumer payments, lending, and merchant services; and e-commerce services. The company also engages in retail trading of motor vehicle equipment; wholesale trading; digital identity provision activities; professional, and scientific and technical activities; repair of communication equipment; and operation of e-commerce marketplace and digital platform. In addition, it provides management consultancy, software development, package courier, electronic certificate and digital identity, financial intermediary, mobile advertising, data processing and information, motor vehicle rental, mobile and fixed advertising, transportation, online retail, web portal, financial transaction and payment technology, and point-of-sales technology, financing, trading, freight, management and administration, and warehousing and storage services. The company was founded in 2009 and is based in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT GoTo Gojek Tokopedia Tbk reported revenue of $18.3T in FY2025 versus $4.5T in FY2021, a compound +41.8%/yr. Reported net income was −$1.2T in FY2025.

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Peer Group

Software - Infrastructure · 369 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.

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.