Era Graharealty PT Tbk (IPAC) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Era Graharealty PT Tbk IDR 121, price IDR 189, upside -35.9%, quality 69 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 73.00 IDR – 418.00 IDR · fair‑value band 87.27 IDR – 199.73 IDR · the 189.00 IDR price screens above the 121.07 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 Era Graharealty Tbk provides property brokerage services in Indonesia.
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PT Era Graharealty Tbk provides property brokerage services in Indonesia. It engages in the property agency, real estate on contract basis; services related to real estate such as real estate agent and broker activities, brokerage of buying, selling and renting real estate on a fee or contract basis, real estate management and development, real estate appraisal services; real estate agent services covering a market of franchise fees and royalties. The company was incorporated in 1991 and is headquartered in Jakarta Pusat, Indonesia. PT Era Graharealty Tbk operates as a subsidiary of APAC Investment 2 Pte Ltd.
Stock analysis
Era Graharealty PT Tbk (IPAC) currently trades at 189.00 IDR, while our model-based Fair Value estimate is 121.07 IDR, implying the stock looks roughly 56.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 145.84 IDR per share, and 0 of the 14 models we run sit above the 189.00 IDR price.
Bear case: the Asset-Based group reads lowest at 25.79 IDR, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 87.27 IDR (bear) to 199.73 IDR (bull), the price of 189.00 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 69/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Era Graharealty PT Tbk reported revenue of 57.7B IDR in FY2025 versus 20.3B IDR in FY2021, a compound +29.9%/yr. Reported net income was 1.8B IDR in FY2025, compounding −18.1%/yr from FY2021.
Key figures
Market cap 180B IDR (≈ $18.0M) · P/E ratio 49.4 · P/S ratio 1.50 · EPS (TTM) 3.82 IDR · Net margin 3.0% · Return on equity 1.2% · Return on assets (EBIT) 8.1% · Operating margin −15.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −36%, IPAC screens cheaper than that median.
Fair Value models
Bear 87.27 IDRFair Value 121.07 IDRBull 199.73 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 (2.81 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+32.3%
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.
+30.5%
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.
+29.1%
Start year 2020 (pandemic)
Revenue growth 6 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.
+16.4%
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
+4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.6%
Dividend (yield on the price)0.0%
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.11% → 4%
Growth Forecast
Little optimism in the price
The price assumes less 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).
+23.0%
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 +19.9% a year for the price.
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.Real Estate Services · 546 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−36% · Below median
Profitability
Return on equity (TTM)1% · Below median
Return on assets2% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)−15% · Bottom 25%
Growth and dividend
Revenue growth−9% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)49.4× · Priciest 25%
P/B4.91× · Priciest 25%
P/S (TTM)3.14× · Pricier than median
P/FCF0.0× · Cheapest 25%
EV/EBITDA53.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 37
FUTURE (revenue growth)0· sector 12
PAST (return on equity)5· sector 16
HEALTH (low debt)99· sector 83
DIVIDEND (yield)0· sector 65
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 Era Graharealty PT Tbk (IPAC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 121.07 IDR versus a price of 189.00 IDR, about −36% upside (overvalued).
What is the fair value of IPAC?
Our model-based fair value for Era Graharealty PT Tbk is 121.07 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 189.00 IDR.
What is the quality score of IPAC?
Era Graharealty PT Tbk has a Quality Score of 69/100. 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 Era Graharealty PT Tbk (IPAC)?
Our model-based price target is the fair value of 121.07 IDR (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 87.27 IDR, optimistic scenario 199.73 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Era Graharealty PT Tbk stock forecast for 2026?
Our models put fair value at 121.07 IDR, about −36% upside versus a price of 189.00 IDR (overvalued). Cautious scenario 87.27 IDR, optimistic scenario 199.73 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Era Graharealty PT Tbk (IPAC)?
Era Graharealty PT Tbk reported trailing-twelve-month revenue of about 57.2B IDR (latest available figure, as of Sep 24, 2026).
What growth is priced into Era Graharealty PT Tbk (IPAC)?
For today's price to be fair in a discounted-cash-flow model, Era Graharealty PT Tbk would have to grow free cash flow by +23.0 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +29.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of IPAC use?
Our models discount Era Graharealty PT Tbk at 11.2 %: a base by market capitalisation (nano), damped by beta 0.74, 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 Era Graharealty PT Tbk that is +23.0 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Era Graharealty PT Tbk (IPAC) delivered so far?
Over the past 5 years revenue at Era Graharealty PT Tbk grew +29.1 % a year. The price currently implies +23.0 % 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 Era Graharealty PT Tbk (IPAC) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Era Graharealty PT Tbk (+23.0 % 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 Era Graharealty PT Tbk (IPAC)?
The free-cash-flow yield on the price is 2.60 %: that much free cash flow Era Graharealty PT Tbk produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Era Graharealty PT Tbk (IPAC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Era Graharealty PT Tbk it is 121.07 IDR per share (as of Sep 24, 2026), against a price of 189.00 IDR. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Era Graharealty PT Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IPAC trades above its calculated fair value: price 189.00 IDR, fair value 121.07 IDR, a gap of about −36% (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 IPAC?
No. The price is what the market pays today (189.00 IDR); the fair value is what the company's own numbers justify (121.07 IDR). For Era Graharealty PT Tbk the two are 67.93 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Era Graharealty PT Tbk worth?
The market values Era Graharealty PT Tbk at about 180B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 189.00 IDR; our models calculate a fair value of 121.07 IDR per share.
What do the bullish and bearish scenarios say about IPAC?
Our models span a range for Era Graharealty PT Tbk: cautious scenario 87.27 IDR, base 121.07 IDR, optimistic 199.73 IDR per share (as of Sep 24, 2026, price 189.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IPAC?
Era Graharealty PT Tbk trades at a price-to-earnings ratio of 49.4 (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 121.07 IDR is built from several models across several years. Other multiples: P/B 4.9, P/S 3.1, EV/EBITDA 53.6.
How solid is the balance sheet of Era Graharealty PT Tbk (IPAC)?
Balance-sheet figures for Era Graharealty PT Tbk (as of Sep 24, 2026): return on equity 1.2%, debt of 0.02 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is IPAC from its 52-week high?
Era Graharealty PT Tbk trades at 189.00 IDR, about 55% below its 52-week high of 418.00 IDR and 58% above the low of 120.00 IDR (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of 121.07 IDR is for.
Which stocks are comparable to Era Graharealty PT Tbk?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.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 Era Graharealty PT Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 189.00 IDR, calculated fair value 121.07 IDR (−36%), Quality Score 69/100, from 14 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 IPAC calculated?
We run Era Graharealty PT Tbk through 14 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 121.07 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 14.1 % above its aggregate fair value. Era Graharealty PT 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 Era Graharealty PT Tbk (IPAC)?
The closing price on Sep 22, 2026 was 189.00 IDR. Our model-based fair value is 121.07 IDR, about −36% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Era Graharealty PT Tbk right now?
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 (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (87.27 IDR to 199.73 IDR) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Era Graharealty PT Tbk
How large is the market capitalisation of Era Graharealty PT Tbk (IPAC)?
The market capitalisation of Era Graharealty PT Tbk is 180B IDR (≈ $18.0M). 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 Era Graharealty PT Tbk (IPAC)?
The price-to-sales ratio of Era Graharealty PT Tbk is 1.50 (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 Era Graharealty PT Tbk (IPAC)?
Earnings per share at Era Graharealty PT Tbk are 3.82 IDR (price ÷ EPS = P/E 49.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Era Graharealty PT Tbk (IPAC)?
The net margin of Era Graharealty PT Tbk is 3.0% (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 Era Graharealty PT Tbk (IPAC)?
The return on equity (ROE) of Era Graharealty PT Tbk is 1.2% (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 Era Graharealty PT Tbk (IPAC)?
On an EBIT basis the return on assets of Era Graharealty PT Tbk is 8.1% (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 Era Graharealty PT Tbk (IPAC)?
The operating margin of Era Graharealty PT Tbk is −15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Era Graharealty PT Tbk (IPAC)?
Revenue at Era Graharealty PT Tbk is growing −9.4% versus a year earlier (3y avg +30.5%). 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 Era Graharealty PT Tbk (IPAC)?
Earnings per share at Era Graharealty PT Tbk are growing +47.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Era Graharealty PT Tbk (IPAC) hold?
Era Graharealty PT Tbk holds more cash than debt, 24.5B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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