Bank Artha Graha Internasional (INPC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bank Artha Graha Internasional IDR 300, price IDR 149, upside +101.3%, quality 41 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 51.00 IDR – 436.00 IDR · fair‑value band 247.97 IDR – 324.59 IDR · the 149.00 IDR price screens below the 300.00 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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PT Bank Artha Graha Internasional Tbk provides various banking products and services in Indonesia. The company operates through four segments: Productive, Consumer, Treasury, and Others. It offers various savings accounts, and demand and time deposits, as well as working capital and investment, productive, consumer, and other loans.
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PT Bank Artha Graha Internasional Tbk provides various banking products and services in Indonesia. The company operates through four segments: Productive, Consumer, Treasury, and Others. It offers various savings accounts, and demand and time deposits, as well as working capital and investment, productive, consumer, and other loans. The company also provides e-banking services that include retail internet banking, virtual account and billing system, and payroll services, as well as e-statements and safe deposit boxes. In addition, it offers treasury services, including money market, and investment in placements and securities, as well as provides ATM, transaction notification, online deposits and saving account opening, and parking payment services. The company was formerly known as PT Bank Inter-Pacific Tbk and changed its name to PT Bank Artha Graha Internasional Tbk in July 2005. The company was incorporated in 1973 and is headquartered in Jakarta Selatan, Indonesia.
Stock analysis
Bank Artha Graha Internasional (INPC) currently trades at 149.00 IDR, while our model-based Fair Value estimate is 300.00 IDR, implying the stock looks roughly 50.3% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 884.85 IDR per share, and 5 of the 6 models we run sit above the 149.00 IDR price.
Bear case: the Asset-Based group reads lowest at 125.93 IDR, and 1 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 247.97 IDR (bear) to 324.59 IDR (bull), the price of 149.00 IDR 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 41/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bank Artha Graha Internasional reported revenue of 2.2T IDR in FY2025 versus 1.8T IDR in FY2021, a compound +5.1%/yr. Reported net income was −568B IDR in FY2025.
Key figures
Market cap 3.0T IDR (≈ $168M) · P/S ratio 2.03 · EPS (TTM) −25.49 IDR · Net margin −25.3% · Return on equity −12.9% · Return on assets (EBIT) −0.3% · Operating margin 9.4% · Revenue (TTM) 1.3T IDR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 101%, INPC screens cheaper than that median.
Fair Value models
Bear 247.97 IDRFair Value 300.00 IDRBull 324.59 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.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.39/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.3%
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.
+11.7%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: −1.2% 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.
+13.0%
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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.
1.7% (2020) → −26.7% (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
not computed
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Bank Artha Graha Internasional 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.Banks - Regional · 1076 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside+101% · Top 25%
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−40% · Bottom 25%
Operating margin (TTM)9% · Bottom 25%
Growth and dividend
Revenue growth169% · Top 25%
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Bank Artha Graha Internasional Fair Value". https://www.fairvalue-calculator.com/stock/INPC
Frequently asked questions
Is Bank Artha Graha Internasional (INPC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 300.00 IDR versus a price of 149.00 IDR, about +101% upside (undervalued).
What is the fair value of INPC?
Our model-based fair value for Bank Artha Graha Internasional is 300.00 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 149.00 IDR.
What is the quality score of INPC?
Bank Artha Graha Internasional has a Quality Score of 41/100. 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 Bank Artha Graha Internasional (INPC)?
Our model-based price target is the fair value of 300.00 IDR (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 247.97 IDR, optimistic scenario 324.59 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Artha Graha Internasional stock forecast for 2026?
Our models put fair value at 300.00 IDR, about +101% upside versus a price of 149.00 IDR (undervalued). Cautious scenario 247.97 IDR, optimistic scenario 324.59 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Artha Graha Internasional (INPC)?
Bank Artha Graha Internasional reported trailing-twelve-month revenue of about 1.3T IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Bank Artha Graha Internasional (INPC)?
For today's price to be fair in a discounted-cash-flow model, Bank Artha Graha Internasional would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 15.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of INPC use?
Our models discount Bank Artha Graha Internasional at 15.0 %: a base by market capitalisation (micro), 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 Bank Artha Graha Internasional that is less than minus 40 % per year a year over ten years, using the same discount rate (15.0 %) and the same formula as our fair value.
How much growth has Bank Artha Graha Internasional (INPC) delivered so far?
Over the past 5 years revenue at Bank Artha Graha Internasional grew +4.5 % a year. The price currently implies less than minus 40 % 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 Bank Artha Graha Internasional (INPC) growing?
The median revenue growth in the sector is +8.5 % a year. That is the yardstick for the growth priced into Bank Artha Graha Internasional (less than minus 40 % 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 Bank Artha Graha Internasional (INPC)?
The free-cash-flow yield on the price is 0.45 %: that much free cash flow Bank Artha Graha Internasional produces per unit of market value. When it exceeds the discount rate of our models (15.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bank Artha Graha Internasional (INPC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Artha Graha Internasional it is 300.00 IDR per share (as of Sep 24, 2026), against a price of 149.00 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bank Artha Graha Internasional stock overvalued or undervalued in 2026?
As of Sep 24, 2026, INPC trades below its calculated fair value: price 149.00 IDR, fair value 300.00 IDR, a gap of about +101% (undervalued). 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 INPC?
No. The price is what the market pays today (149.00 IDR); the fair value is what the company's own numbers justify (300.00 IDR). For Bank Artha Graha Internasional the two are 151.00 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Artha Graha Internasional worth?
The market values Bank Artha Graha Internasional at about 3.0T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 149.00 IDR; our models calculate a fair value of 300.00 IDR per share.
What do the bullish and bearish scenarios say about INPC?
Our models span a range for Bank Artha Graha Internasional: cautious scenario 247.97 IDR, base 300.00 IDR, optimistic 324.59 IDR per share (as of Sep 24, 2026, price 149.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bank Artha Graha Internasional (INPC)?
Balance-sheet figures for Bank Artha Graha Internasional (as of Sep 24, 2026): return on equity −12.9%, debt of 0.05 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is INPC from its 52-week high?
Bank Artha Graha Internasional trades at 149.00 IDR, about 51% below its 52-week high of 306.00 IDR and 38% above the low of 108.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 300.00 IDR is for.
Which stocks are comparable to Bank Artha Graha Internasional?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Bank Artha Graha Internasional stock attractive at the current price?
The data as of Sep 24, 2026: price 149.00 IDR, calculated fair value 300.00 IDR (+101%), Quality Score 41/100, 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 INPC calculated?
We run Bank Artha Graha Internasional 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 300.00 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. Bank Artha Graha Internasional currently trades 101 % 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 Bank Artha Graha Internasional (INPC)?
The closing price on Sep 24, 2026 was 149.00 IDR. Our model-based fair value is 300.00 IDR, about +101% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Artha Graha Internasional right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (247.97 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Bank Artha Graha Internasional (INPC) come from?
Earnings per share at Bank Artha Graha Internasional grew +1.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share −7.6 %, EBIT margin +8.5 %, tax rate +1.3 %, residual (interest, one-offs) +0.0 %. 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 Bank Artha Graha Internasional
How large is the market capitalisation of Bank Artha Graha Internasional (INPC)?
The market capitalisation of Bank Artha Graha Internasional is 3.0T IDR (≈ $168M). 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 Bank Artha Graha Internasional (INPC)?
The price-to-sales ratio of Bank Artha Graha Internasional is 2.03 (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 Bank Artha Graha Internasional (INPC)?
Earnings per share at Bank Artha Graha Internasional are −25.49 IDR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Artha Graha Internasional (INPC)?
The net margin of Bank Artha Graha Internasional is −25.3% (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 Bank Artha Graha Internasional (INPC)?
The return on equity (ROE) of Bank Artha Graha Internasional is −12.9% (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 Bank Artha Graha Internasional (INPC)?
On an EBIT basis the return on assets of Bank Artha Graha Internasional is −0.3% (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 Bank Artha Graha Internasional (INPC)?
The operating margin of Bank Artha Graha Internasional is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Artha Graha Internasional (INPC)?
Revenue at Bank Artha Graha Internasional is growing +169% versus a year earlier (3y avg +11.7%). 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 Bank Artha Graha Internasional (INPC)?
Earnings per share at Bank Artha Graha Internasional are growing +215% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bank Artha Graha Internasional (INPC) hold?
Bank Artha Graha Internasional holds more cash than debt, 4.1T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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