Kawasan Industri Jababeka Tbk (KIJA) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kawasan Industri Jababeka Tbk IDR 468, price IDR 176, upside +165.6%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Kawasan Industri Jababeka Tbk for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 109.16 IDR – 348.14 IDR · fair‑value band 318.85 IDR – 616.15 IDR · the 176.00 IDR price screens below the 467.50 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.
Follow Kawasan Industri Jababeka Tbk in your weekly email
Every Wednesday you see whether Kawasan Industri Jababeka Tbk is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
PT Kawasan Industri Jababeka Tbk, together with its subsidiaries, engages in the real estate business in Indonesia. It operates in five segments: Real Estate, Golf, Service and Maintenance, Power Plant, and Tourism.
Show more
PT Kawasan Industri Jababeka Tbk, together with its subsidiaries, engages in the real estate business in Indonesia. It operates in five segments: Real Estate, Golf, Service and Maintenance, Power Plant, and Tourism. The Real Estate segment develops and sells industrial estates, and related facilities and services, including residential estates, apartments, office buildings, and shopping centers; and develops and installs water treatment plants, wastewater treatment, telephone, electricity, and sports and recreational facilities to support the industrial estates. This segment also exports and imports goods for businesses related to the development and management of industrial estates. Its Golf segment develops and manages golf courses, clubhouses, recreation and sports facilities, and supporting facilities. The Service and Maintenance segment is involved in the development and infrastructure management of industrial estates, hotels, and residential estates; and development and management of public infrastructure. Its Power Plant segment develops power plants; manages, supplies, and distributes energy; and provides energy management services to third parties. The Tourism segment is involved in the tourism objects, tourism hotels, tourism estates and education, and tourism training center businesses. PT Kawasan Industri Jababeka Tbk was founded in 1989 and is headquartered in Bekasi, Indonesia.
Stock analysis
Kawasan Industri Jababeka Tbk (KIJA) currently trades at 176.00 IDR, while our model-based Fair Value estimate is 467.50 IDR, implying the stock looks roughly 62.4% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 1,430 IDR per share, and 14 of the 16 models we run sit above the 176.00 IDR price.
Bear case: the Asset-Based group reads lowest at 203.78 IDR, and 2 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 318.85 IDR (bear) to 616.15 IDR (bull), the price of 176.00 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 61/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kawasan Industri Jababeka Tbk reported revenue of 5.1T IDR in FY2025 versus 2.5T IDR in FY2021, a compound +19.9%/yr. Reported net income was 423B IDR in FY2025, compounding +48.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 3.6T IDR (≈ $203M) · P/E ratio 6.2 · P/S ratio 0.51 · EPS (TTM) 21.25 IDR · Dividend yield 1.3% · Net margin 8.2% · Return on equity 10.2% · Return on assets (EBIT) 6.9%.
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 49% below its 52-week high and 61% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 166%, KIJA screens cheaper than that median.
Fair Value models
Bear 318.85 IDRFair Value 467.50 IDRBull 616.15 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 (15.60 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 growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.9%
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.
+23.7%
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.
+16.5%
Start year 2020 (pandemic). Over 10 years: +5.1% 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.
+22.7%
’14
’15
’16
’17
’18
’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. 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.
+38.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.9%
Dividend (yield on the price)1.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.37% vs 1%, picking up
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.20% → 26%
Start year 2020 (pandemic)
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).
−22.2%
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 −24.2% a year for the price.
Compare Kawasan Industri Jababeka Tbk with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 - Development · 577 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+166% · Top 25%
Profitability
Return on equity (TTM)10% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)9% · Above median
Operating margin (TTM)25% · Top 25%
Growth and dividend
Revenue growth−8% · Below median
Dividend yield (TTM)1.3% · Below median
Balance sheet
Debt / equity0.71× · Above median
Valuation Multiplesvs Real Estate - Development 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). "Kawasan Industri Jababeka Tbk Fair Value". https://www.fairvalue-calculator.com/stock/KIJA
Frequently asked questions
Is Kawasan Industri Jababeka Tbk (KIJA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 467.50 IDR versus a price of 176.00 IDR, about +166% upside (undervalued).
What is the fair value of KIJA?
Our model-based fair value for Kawasan Industri Jababeka Tbk is 467.50 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 176.00 IDR.
What is the quality score of KIJA?
Kawasan Industri Jababeka Tbk has a Quality Score of 61/100. 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 Kawasan Industri Jababeka Tbk (KIJA)?
Our model-based price target is the fair value of 467.50 IDR (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 318.85 IDR, optimistic scenario 616.15 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Kawasan Industri Jababeka Tbk stock forecast for 2026?
Our models put fair value at 467.50 IDR, about +166% upside versus a price of 176.00 IDR (undervalued). Cautious scenario 318.85 IDR, optimistic scenario 616.15 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Kawasan Industri Jababeka Tbk (KIJA)?
Kawasan Industri Jababeka Tbk reported trailing-twelve-month revenue of about 5.1T IDR (latest available figure, as of Sep 24, 2026).
Does Kawasan Industri Jababeka Tbk pay a dividend?
Kawasan Industri Jababeka Tbk currently shows a dividend yield of about 1.28% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kawasan Industri Jababeka Tbk (KIJA)?
For today's price to be fair in a discounted-cash-flow model, Kawasan Industri Jababeka Tbk would have to grow free cash flow by -22.2 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KIJA use?
Our models discount Kawasan Industri Jababeka Tbk at 13.5 %: a base by market capitalisation (micro), damped by beta 0.18, 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 Kawasan Industri Jababeka Tbk that is -22.2 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Kawasan Industri Jababeka Tbk (KIJA) delivered so far?
Over the past 5 years revenue at Kawasan Industri Jababeka Tbk grew +16.5 % a year. The price currently implies -22.2 % 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 Kawasan Industri Jababeka Tbk (KIJA) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Kawasan Industri Jababeka Tbk (-22.2 % 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 Kawasan Industri Jababeka Tbk (KIJA)?
The free-cash-flow yield on the price is 46.97 %: that much free cash flow Kawasan Industri Jababeka Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kawasan Industri Jababeka Tbk (KIJA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kawasan Industri Jababeka Tbk it is 467.50 IDR per share (as of Sep 24, 2026), against a price of 176.00 IDR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Kawasan Industri Jababeka Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KIJA trades below its calculated fair value: price 176.00 IDR, fair value 467.50 IDR, a gap of about +166% (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 KIJA?
No. The price is what the market pays today (176.00 IDR); the fair value is what the company's own numbers justify (467.50 IDR). For Kawasan Industri Jababeka Tbk the two are 291.50 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Kawasan Industri Jababeka Tbk worth?
The market values Kawasan Industri Jababeka Tbk at about 3.6T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 176.00 IDR; our models calculate a fair value of 467.50 IDR per share.
What do the bullish and bearish scenarios say about KIJA?
Our models span a range for Kawasan Industri Jababeka Tbk: cautious scenario 318.85 IDR, base 467.50 IDR, optimistic 616.15 IDR per share (as of Sep 24, 2026, price 176.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KIJA?
Kawasan Industri Jababeka Tbk trades at a price-to-earnings ratio of 6.2 (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 467.50 IDR is built from several models across several years. Other multiples: PEG 0.6, P/B 0.6, P/S 0.7, EV/EBITDA 2.9.
What is the PEG ratio of KIJA?
The PEG ratio of Kawasan Industri Jababeka Tbk is 0.65 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Kawasan Industri Jababeka Tbk (KIJA)?
Balance-sheet figures for Kawasan Industri Jababeka Tbk (as of Sep 24, 2026): return on equity 10.2%, debt of 0.71 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is KIJA from its 52-week high?
Kawasan Industri Jababeka Tbk trades at 176.00 IDR, about 49% below its 52-week high of 348.14 IDR and 61% above the low of 109.16 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 467.50 IDR is for.
Which stocks are comparable to Kawasan Industri Jababeka Tbk?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Kawasan Industri Jababeka Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 176.00 IDR, calculated fair value 467.50 IDR (+166%), Quality Score 61/100, from 16 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 KIJA calculated?
We run Kawasan Industri Jababeka Tbk through 16 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 467.50 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 13.0 % above its aggregate fair value. Kawasan Industri Jababeka Tbk currently trades 166 % 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 Kawasan Industri Jababeka Tbk (KIJA)?
The closing price on Sep 24, 2026 was 176.00 IDR. Our model-based fair value is 467.50 IDR, about +166% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kawasan Industri Jababeka Tbk right now?
The price is below even our cautious bear case (318.85 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. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (318.85 IDR to 616.15 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Kawasan Industri Jababeka Tbk (KIJA) come from?
Earnings per share at Kawasan Industri Jababeka Tbk grew −0.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.5 %, EBIT margin −0.3 %, tax rate +0.0 %, residual (interest, one-offs) −4.7 %. 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 Kawasan Industri Jababeka Tbk
How large is the market capitalisation of Kawasan Industri Jababeka Tbk (KIJA)?
The market capitalisation of Kawasan Industri Jababeka Tbk is 3.6T IDR (≈ $203M). 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 Kawasan Industri Jababeka Tbk (KIJA)?
The price-to-sales ratio of Kawasan Industri Jababeka Tbk is 0.51 (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 Kawasan Industri Jababeka Tbk (KIJA)?
Earnings per share at Kawasan Industri Jababeka Tbk are 21.25 IDR (price ÷ EPS = P/E 6.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kawasan Industri Jababeka Tbk (KIJA)?
The dividend yield of Kawasan Industri Jababeka Tbk is 1.3% (payout 10.6%). 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 Kawasan Industri Jababeka Tbk (KIJA)?
The net margin of Kawasan Industri Jababeka Tbk is 8.2% (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 Kawasan Industri Jababeka Tbk (KIJA)?
The return on equity (ROE) of Kawasan Industri Jababeka Tbk is 10.2% (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 Kawasan Industri Jababeka Tbk (KIJA)?
On an EBIT basis the return on assets of Kawasan Industri Jababeka Tbk is 6.9% (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 Kawasan Industri Jababeka Tbk (KIJA)?
The operating margin of Kawasan Industri Jababeka Tbk is 25.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kawasan Industri Jababeka Tbk (KIJA)?
Revenue at Kawasan Industri Jababeka Tbk is growing −7.7% versus a year earlier (3y avg +23.7%). 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 Kawasan Industri Jababeka Tbk (KIJA)?
Earnings per share at Kawasan Industri Jababeka Tbk are growing +33.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kawasan Industri Jababeka Tbk (KIJA) carry?
The net debt of Kawasan Industri Jababeka Tbk is 987B IDR (fiscal year 2025, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Kawasan Industri Jababeka Tbk in the live analysis
One click puts Kawasan Industri Jababeka Tbk on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
