Menteng Heritage Realty Tbk PT (HRME) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Menteng Heritage Realty Tbk PT IDR 13, price IDR 39, upside -67.7%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
PT Menteng Heritage Realty Tbk, together with its subsidiaries, owns and operates hotels in Indonesia. The company owns The Hermitage, a hotel located in Menteng, Central Jakarta. It is also involved in investment; and sea transportation businesses, as well as provides barge charter services.
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PT Menteng Heritage Realty Tbk, together with its subsidiaries, owns and operates hotels in Indonesia. The company owns The Hermitage, a hotel located in Menteng, Central Jakarta. It is also involved in investment; and sea transportation businesses, as well as provides barge charter services. The company was formerly known as PT Citra Prestasi Abadi and changed its name to PT Menteng Heritage Realty Tbk in October 2007. PT Menteng Heritage Realty Tbk was founded in 2007 and is based in Jakarta Pusat, Indonesia. PT Menteng Heritage Realty Tbk is a subsidiary of PT Wijaya Wisesa Realty.
Stock analysis
Menteng Heritage Realty Tbk PT (HRME) currently trades at 39.00 IDR, while our model-based Fair Value estimate is 12.60 IDR, 67.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 61.50 IDR per share, and 2 of the 6 models we run sit above the 39.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 12.92 IDR, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 12.21 IDR (bear) to 12.93 IDR (bull), the price of 39.00 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Menteng Heritage Realty Tbk PT reported revenue of 105B IDR in FY2025 versus 66.4B IDR in FY2021, a compound +12.1%/yr. Reported net income was −6.1B IDR in FY2025.
Key figures
Market cap 232B IDR (≈ $13.0M) · P/S ratio 2.30 · EPS (TTM) −1.02 IDR · Net margin −5.8% · Return on equity −3.1% · Return on assets (EBIT) 0.4% · Operating margin 17.3% · Revenue (TTM) 98.6B IDR.
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 about 46% below its 52-week high and 8% 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 −68%, HRME screens richer than that median.
Fair Value models
Bear12.21 IDRFair Value 12.60 IDRBull12.93 IDR
Price 39.00 IDR · Upside -67.7%
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. 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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−10.5%
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.
+6.8%
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.
+17.3%
Start year 2020 (pandemic). Over 10 years: +12.1% a year
Revenue growth 10 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.
+12.1%
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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.
−43.2% (2020) → 2.1% (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
Compare Menteng Heritage Realty Tbk PT with another stock
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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 · 154 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−67.7% · Bottom 25%
Profitability
Return on assets−1.3% · Bottom 25%
Net margin (12 months)−16.8% · Bottom 25%
Operating margin (12 months)17.3% · Above median
Growth and dividend
Revenue growth300.1% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 18
FUTURE (revenue growth)100· sector 32
PAST (return on equity)0· sector 16
HEALTH (low debt)98· sector 88
DIVIDEND (yield)0· sector 32
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.
Is Menteng Heritage Realty Tbk PT (HRME) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 12.60 IDR versus a price of 39.00 IDR, about −68% upside (overvalued).
What is the fair value of HRME?
Our model-based fair value for Menteng Heritage Realty Tbk PT is 12.60 IDR (as of Oct 3, 2026), built from audited fundamentals. The current price: 39.00 IDR.
What is the quality score of HRME?
Menteng Heritage Realty Tbk PT has a Quality Score of 45/100. 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 Menteng Heritage Realty Tbk PT (HRME)?
Our model-based price target is the fair value of 12.60 IDR (as of Oct 3, 2026) from 6 valuation models. Cautious scenario 12.21 IDR, optimistic scenario 12.93 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Menteng Heritage Realty Tbk PT stock forecast for 2026?
Our models put fair value at 12.60 IDR, about −68% upside versus a price of 39.00 IDR (overvalued). Cautious scenario 12.21 IDR, optimistic scenario 12.93 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Menteng Heritage Realty Tbk PT (HRME)?
Menteng Heritage Realty Tbk PT reported trailing-twelve-month revenue of about 98.6B IDR (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of Menteng Heritage Realty Tbk PT (HRME)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Menteng Heritage Realty Tbk PT it is 12.60 IDR per share (as of Oct 3, 2026), against a price of 39.00 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Menteng Heritage Realty Tbk PT stock overvalued or undervalued in 2026?
As of Oct 3, 2026, HRME trades above its calculated fair value: price 39.00 IDR, fair value 12.60 IDR, a gap of about −68% (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 HRME?
No. The price is what the market pays today (39.00 IDR); the fair value is what the company's own numbers justify (12.60 IDR). For Menteng Heritage Realty Tbk PT the two are 26.40 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Menteng Heritage Realty Tbk PT worth?
The market values Menteng Heritage Realty Tbk PT at about 232B IDR (market capitalisation, as of Oct 3, 2026). Per share that is 39.00 IDR; our models calculate a fair value of 12.60 IDR per share.
What do the bullish and bearish scenarios say about HRME?
Our models span a range for Menteng Heritage Realty Tbk PT: cautious scenario 12.21 IDR, base 12.60 IDR, optimistic 12.93 IDR per share (as of Oct 3, 2026, price 39.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Menteng Heritage Realty Tbk PT (HRME)?
Balance-sheet figures for Menteng Heritage Realty Tbk PT (as of Oct 3, 2026): return on equity −3.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is HRME from its 52-week high?
Menteng Heritage Realty Tbk PT trades at 39.00 IDR, about 46% below its 52-week high of 72.00 IDR and 8% above the low of 36.00 IDR (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of 12.60 IDR is for.
Which stocks are comparable to Menteng Heritage Realty Tbk 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 Menteng Heritage Realty Tbk PT stock attractive at the current price?
The data as of Oct 3, 2026: price 39.00 IDR, calculated fair value 12.60 IDR (−68%), Quality Score 45/100, from 6 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 HRME calculated?
We run Menteng Heritage Realty Tbk PT through 6 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 12.60 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 14.5 % above its aggregate fair value. Menteng Heritage Realty Tbk 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 Menteng Heritage Realty Tbk PT (HRME)?
The closing price on Oct 14, 2026 was 39.00 IDR. Our model-based fair value is 12.60 IDR, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Menteng Heritage Realty Tbk PT right now?
The price sits above even our optimistic bull case (12.93 IDR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (12.21 IDR to 12.93 IDR), unusually little disagreement for a valuation.
Key figures of Menteng Heritage Realty Tbk PT
How large is the market capitalisation of Menteng Heritage Realty Tbk PT (HRME)?
The market capitalisation of Menteng Heritage Realty Tbk PT is 232B IDR (≈ $13.0M). 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 Menteng Heritage Realty Tbk PT (HRME)?
The price-to-sales ratio of Menteng Heritage Realty Tbk PT is 2.30 (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 Menteng Heritage Realty Tbk PT (HRME)?
Earnings per share at Menteng Heritage Realty Tbk PT are −1.02 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Menteng Heritage Realty Tbk PT (HRME)?
The net margin of Menteng Heritage Realty Tbk PT is −5.8% (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 Menteng Heritage Realty Tbk PT (HRME)?
The return on equity (ROE) of Menteng Heritage Realty Tbk PT is −3.1% (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 Menteng Heritage Realty Tbk PT (HRME)?
On an EBIT basis the return on assets of Menteng Heritage Realty Tbk PT is 0.4% (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 Menteng Heritage Realty Tbk PT (HRME)?
The operating margin of Menteng Heritage Realty Tbk PT is 17.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Menteng Heritage Realty Tbk PT (HRME)?
Revenue at Menteng Heritage Realty Tbk PT is growing +300% versus a year earlier (3y avg +6.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Menteng Heritage Realty Tbk PT (HRME) generate?
The free cash flow of Menteng Heritage Realty Tbk PT is −29.4B 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 Menteng Heritage Realty Tbk PT (HRME) carry?
The net debt of Menteng Heritage Realty Tbk PT is 153B 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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