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PT Aviana Sinar Abadi Tbk (IRSX) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of PT Aviana Sinar Abadi Tbk IDR 56, price IDR 438, upside -87.2%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · ID

PA Thin data Sep 24, 2026

PT Aviana Sinar Abadi Tbk

IRSX · JK

Weakest SetupStrongly overvalued and low quality.

!Fair value 56.08 IDR · Strongly overvalued (−87%)
!Quality 40/100
!Expensive Growth (revenue 3y +36.3 %/yr)
!Thin margins · 5.5% net margin (TTM)
!negative free cash flow
·0.06% dividend yield
!Trails peers (4/12)
!Moderate moat 49/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 1 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

784.61 IDR 9.00 IDR Fair Value 56.08 IDR Feb 2023 Sep 2026

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

44‑month range 9.00 IDR – 784.61 IDR · fair‑value band 42.54 IDR – 69.61 IDR · the 438.00 IDR price screens above the 56.08 IDR fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

PT Folago Global Nusantara Tbk, together with its subsidiaries, engages in software publishing and digital product sales businesses in Indonesia. It operates through five segments: Digital Products, IRS Software, Advertisement, Commission, and Digital Marketing Services.

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PT Folago Global Nusantara Tbk, together with its subsidiaries, engages in software publishing and digital product sales businesses in Indonesia. It operates through five segments: Digital Products, IRS Software, Advertisement, Commission, and Digital Marketing Services. The Digital Products segment provides information technology solutions to support customers' digitalization needs. Its IRS Software segment develops revenue management systems to improve operational efficiency and support financial reporting requirements. The Advertising segment offers digital marketing services through various media channels. The Commission segment includes intermediary activities and commission-based cooperation within the digital ecosystem. The Digital Marketing segment provides integrated digital marketing solutions, including campaign planning, content management, and optimization of digital marketing distribution. It serves digital product distributors, e-commerce players, corporate clients, gaming aggregators, and other digital service providers. In addition, the company provides information and communication services. The company was formerly known as PT Aviana Sinar Abadi Tbk and changed its name to PT Folago Global Nusantara Tbk in September 2025. PT Folago Global Nusantara Tbk was founded in 2013 and is headquartered in Tangerang Selatan, Indonesia.

Stock analysis

PT Aviana Sinar Abadi Tbk (IRSX) currently trades at 438.00 IDR, while our model-based Fair Value estimate is 56.08 IDR, implying the stock looks roughly 681.3% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 170.35 IDR per share, and 0 of the 13 models we run sit above the 438.00 IDR price.

Bear case: the Asset-Based group reads lowest at 23.60 IDR, and 13 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: 42.54 IDR (bear) to 69.61 IDR (bull), the price of 438.00 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 40/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

PT Aviana Sinar Abadi Tbk reported revenue of 410B IDR in FY2025 versus 7.6B IDR in FY2021, a compound +171.0%/yr. Reported net income was 28.8B IDR in FY2025, compounding +170.3%/yr from FY2021.

Key figures

Market cap 2.7T IDR (≈ $152M) · P/E ratio 96.5 · P/S ratio 6.77 · EPS (TTM) 4.54 IDR · Dividend yield 0.0% · Net margin 7.0% · Return on equity 15.5% · Return on assets (EBIT) 5.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 44% below its 52-week high and 119% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −87%, IRSX screens richer than that median.

Fair Value models

Bear 42.54 IDR Fair Value 56.08 IDR Bull 69.61 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 (3.21 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.
Highest evidence
EPV 35.94 IDR 38.70 IDR 40.94 IDR 68
Residual Income 27.48 IDR 29.08 IDR 31.33 IDR 66
ROIC Compounder 36.63 IDR 43.30 IDR 48.84 IDR 66
All 13 models by family
Earnings-Based
Graham-Dodd 22.92 IDR 159.84 IDR 224.31 IDR 59
Lynch FV 82.58 IDR 117.97 IDR 153.36 IDR 57
PEG = 1.0 82.58 IDR 117.97 IDR 153.36 IDR 53
EPV 35.94 IDR 38.70 IDR 40.94 IDR 68
Multiples
P/E Multiple 70.78 IDR 94.37 IDR 117.97 IDR 63
P/S Multiple 42.97 IDR 57.30 IDR 71.62 IDR 58
P/B Multiple 42.97 IDR 57.30 IDR 71.62 IDR 55
EV/EBIT 86.38 IDR 110.88 IDR 135.38 IDR 63
EV/Revenue 50.05 IDR 65.97 IDR 81.89 IDR 52
Asset-Based
NCAV (Graham) 17.61 IDR 23.60 IDR 35.22 IDR 51
Economic Profit
Residual Income 27.48 IDR 29.08 IDR 31.33 IDR 66
ROIC Compounder 36.63 IDR 43.30 IDR 48.84 IDR 66
Growth Earnings
Growth-Adj P/E 119.24 IDR 170.35 IDR 221.45 IDR 63

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Quality Score breakdown

Overall quality 40/100

Of which business quality 44 · Market factors (momentum, volatility) 59

Profitability 50
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 2
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−51.3%
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.
+36.3%
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.
8.8% (2021) → 8.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed

IRSX screens 681% overvalued. Compare with SAP SE →

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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.Software - Application · 720 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Profitability
Return on equity (TTM) 15% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 4% · Below median
Growth and dividend
Revenue growth 233% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiplesvs Software - Application median · lower = cheaper

P/E (TTM) 96.5× · Priciest 25%
P/B 9.06× · Priciest 25%
P/S (TTM) 5.15× · Priciest 25%
EV/EBITDA 61.8× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)62 · sector 16
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)1 · sector 30

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €182.32 €159.06 −13%
Shopify Inc SHOP $147.74 $64.36 −56%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $137.00 $150.70 +10%
Cadence Design Systems, Inc CDNS $302.95 $225.14 −26%
Snowflake Inc SNOW $336.59 $75.08 −78%
Datadog, Inc DDOG $247.48 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $269.64 $177.51 −34%

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PT Aviana Sinar Abadi Tbk · Fair Value
56.08 IDR −681%Fair Value
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Cite: Fair Value Calculator (2026). "PT Aviana Sinar Abadi Tbk Fair Value". https://www.fairvalue-calculator.com/stock/IRSX

Frequently asked questions

Is PT Aviana Sinar Abadi Tbk (IRSX) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 56.08 IDR versus a price of 438.00 IDR, about −87% upside (overvalued).
What is the fair value of IRSX?
Our model-based fair value for PT Aviana Sinar Abadi Tbk is 56.08 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 438.00 IDR.
What is the quality score of IRSX?
PT Aviana Sinar Abadi Tbk has a Quality Score of 40/100. 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 PT Aviana Sinar Abadi Tbk (IRSX)?
Our model-based price target is the fair value of 56.08 IDR (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 42.54 IDR, optimistic scenario 69.61 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Aviana Sinar Abadi Tbk stock forecast for 2026?
Our models put fair value at 56.08 IDR, about −87% upside versus a price of 438.00 IDR (overvalued). Cautious scenario 42.54 IDR, optimistic scenario 69.61 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Aviana Sinar Abadi Tbk (IRSX)?
PT Aviana Sinar Abadi Tbk reported trailing-twelve-month revenue of about 530B IDR (latest available figure, as of Sep 24, 2026).
Does PT Aviana Sinar Abadi Tbk pay a dividend?
PT Aviana Sinar Abadi Tbk currently shows a dividend yield of about 0.04% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of PT Aviana Sinar Abadi Tbk (IRSX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Aviana Sinar Abadi Tbk it is 56.08 IDR per share (as of Sep 24, 2026), against a price of 438.00 IDR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is PT Aviana Sinar Abadi Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IRSX trades above its calculated fair value: price 438.00 IDR, fair value 56.08 IDR, a gap of about −87% (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 IRSX?
No. The price is what the market pays today (438.00 IDR); the fair value is what the company's own numbers justify (56.08 IDR). For PT Aviana Sinar Abadi Tbk the two are 381.93 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Aviana Sinar Abadi Tbk worth?
The market values PT Aviana Sinar Abadi Tbk at about 2.7T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 438.00 IDR; our models calculate a fair value of 56.08 IDR per share.
What do the bullish and bearish scenarios say about IRSX?
Our models span a range for PT Aviana Sinar Abadi Tbk: cautious scenario 42.54 IDR, base 56.08 IDR, optimistic 69.61 IDR per share (as of Sep 24, 2026, price 438.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IRSX?
PT Aviana Sinar Abadi Tbk trades at a price-to-earnings ratio of 96.5 (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 56.08 IDR is built from several models across several years. Other multiples: P/B 9.1, P/S 5.1, EV/EBITDA 61.8.
How solid is the balance sheet of PT Aviana Sinar Abadi Tbk (IRSX)?
Balance-sheet figures for PT Aviana Sinar Abadi Tbk (as of Sep 24, 2026): return on equity 15.5%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is IRSX from its 52-week high?
PT Aviana Sinar Abadi Tbk trades at 438.00 IDR, about 44% below its 52-week high of 784.61 IDR and 119% above the low of 199.90 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 56.08 IDR is for.
Which stocks are comparable to PT Aviana Sinar Abadi Tbk?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, 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 PT Aviana Sinar Abadi Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 438.00 IDR, calculated fair value 56.08 IDR (−87%), Quality Score 40/100, from 13 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 IRSX calculated?
We run PT Aviana Sinar Abadi Tbk through 13 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 56.08 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 13.2 % above its aggregate fair value. PT Aviana Sinar Abadi 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 PT Aviana Sinar Abadi Tbk (IRSX)?
The closing price on Sep 24, 2026 was 438.00 IDR. Our model-based fair value is 56.08 IDR, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Aviana Sinar Abadi Tbk right now?
The price sits above even our optimistic bull case (69.61 IDR). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of PT Aviana Sinar Abadi Tbk

How large is the market capitalisation of PT Aviana Sinar Abadi Tbk (IRSX)?
The market capitalisation of PT Aviana Sinar Abadi Tbk is 2.7T IDR (≈ $152M). 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 PT Aviana Sinar Abadi Tbk (IRSX)?
The price-to-sales ratio of PT Aviana Sinar Abadi Tbk is 6.77 (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 PT Aviana Sinar Abadi Tbk (IRSX)?
Earnings per share at PT Aviana Sinar Abadi Tbk are 4.54 IDR (price ÷ EPS = P/E 96.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PT Aviana Sinar Abadi Tbk (IRSX)?
The dividend yield of PT Aviana Sinar Abadi Tbk is 0.0% (payout 3.7%). 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 PT Aviana Sinar Abadi Tbk (IRSX)?
The net margin of PT Aviana Sinar Abadi Tbk is 7.0% (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 PT Aviana Sinar Abadi Tbk (IRSX)?
The return on equity (ROE) of PT Aviana Sinar Abadi Tbk is 15.5% (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 PT Aviana Sinar Abadi Tbk (IRSX)?
On an EBIT basis the return on assets of PT Aviana Sinar Abadi Tbk is 5.0% (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 PT Aviana Sinar Abadi Tbk (IRSX)?
The operating margin of PT Aviana Sinar Abadi Tbk is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Aviana Sinar Abadi Tbk (IRSX)?
Revenue at PT Aviana Sinar Abadi Tbk is growing +233% versus a year earlier (3y avg +36.3%). 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 PT Aviana Sinar Abadi Tbk (IRSX)?
Earnings per share at PT Aviana Sinar Abadi Tbk are growing +53.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Aviana Sinar Abadi Tbk (IRSX) generate?
The free cash flow of PT Aviana Sinar Abadi Tbk is −6.7B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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