Lippo General Insurance Tbk (LPGI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lippo General Insurance Tbk IDR 330, price IDR 645, upside -48.9%, quality 67 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 129.88 IDR – 808.12 IDR · fair‑value band 290.67 IDR – 537.24 IDR · the 645.00 IDR price screens above the 329.52 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 Lippo General Insurance Tbk provides insurance products and services for individuals, families, and corporate clients in Indonesia. It operates through Property, Motor Vehicles, Marine Cargo, Marine Hull, Aviation Hull, Engineering, Health, Credit, and Others segments.
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PT Lippo General Insurance Tbk provides insurance products and services for individuals, families, and corporate clients in Indonesia. It operates through Property, Motor Vehicles, Marine Cargo, Marine Hull, Aviation Hull, Engineering, Health, Credit, and Others segments. The company offers health insurance products, including Medicare for company employees and their dependents; HealthPlus Family and Perlindungan Kesehatan Prima for individuals and families; HealthPlus Micro and HealthPlus Business for employees of small- to medium-sized companies; Elite Health Plan, which is a private medical insurance product; and Asuransi Jalan Prima for outpatient care. It also provides auto protection, motor protection, home care, marine cargo, domestic and international travel, business care, and aviation hull insurance; and contractor/erection all risk, engine damage, demolition, legal liability, money, heavy equipment, hole-in-one, and shipbuilder's risk insurance. In addition, the company offers partner workshop, e-Policy, and hospital and clinic provider services; eBenefit Health App, an application for health insurance customers; eBenefit General App, an application for general insurance customers; MyPro+, an application and website service for customers to choose comprehensive insurance coverage; and the LGI Agency Dashboard, an application for insurance agents. The company was formerly known as PT Asuransi Marga Pusaka and changed its name to PT Lippo General Insurance Tbk in July 1991. PT Lippo General Insurance Tbk was founded in 1963 and is headquartered in Jakarta Selatan. PT Lippo General Insurance Tbk operates as a subsidiary of Hanwha General Insurance Co., Ltd.
Stock analysis
Lippo General Insurance Tbk (LPGI) currently trades at 645.00 IDR, while our model-based Fair Value estimate is 329.52 IDR, implying the stock looks roughly 95.7% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 479.76 IDR per share, and 0 of the 6 models we run sit above the 645.00 IDR price.
Bear case: the Dividend Discount group reads lowest at 66.38 IDR, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 290.67 IDR (bear) to 537.24 IDR (bull), the price of 645.00 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 67/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lippo General Insurance Tbk reported revenue of 3.9T IDR in FY2025 versus 1.8T IDR in FY2021, a compound +21.5%/yr. Reported net income was 145B IDR in FY2025, compounding +44.5%/yr from FY2021.
Key figures
Market cap 1.9T IDR (≈ $108M) · P/E ratio 13.4 · P/S ratio 0.50 · EPS (TTM) 47.99 IDR · Dividend yield 0.9% · Net margin 3.7% · Return on equity 15.0% · Return on assets (EBIT) 2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 49% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −24% fair-value upside, at −49%, LPGI screens richer than that median.
Fair Value models
Bear 290.67 IDRFair Value 329.52 IDRBull 537.24 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 (35.11 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.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+31.6%
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.
+20.4%
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.
+24.0%
Start year 2020 (pandemic). Over 10 years: +14.4% a year
Revenue growth 24 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.
+19.6%
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What shareholders gained per year (last 5 years), in IDR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−41.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−41.9%
Dividend (yield on the price)0.9%
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.−29% vs 6%, slowing
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.8% → 4%
2025 sits 132% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
−17.9%
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 −20.0% a year for the price.
Compare Lippo General Insurance Tbk 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.Insurance - Diversified · 83 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−49% · Bottom 25%
Profitability
Return on equity (TTM)15% · Above median
Return on assets4% · Above median
Net margin (TTM)3% · Bottom 25%
Operating margin (TTM)3% · Bottom 25%
Growth and dividend
Revenue growth21% · Top 25%
Dividend yield (TTM)0.9% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
P/E (TTM)13.4× · Cheaper than median
P/B1.88× · Pricier than median
P/S (TTM)0.47× · Cheapest 25%
P/FCF0.0× · Cheapest 25%
EV/EBITDA10.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 6
FUTURE (revenue growth)100· sector 31
PAST (return on equity)60· sector 49
HEALTH (low debt)100· sector 89
DIVIDEND (yield)18· sector 73
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.
Cite: Fair Value Calculator (2026). "Lippo General Insurance Tbk Fair Value". https://www.fairvalue-calculator.com/stock/LPGI
Frequently asked questions
Is Lippo General Insurance Tbk (LPGI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 329.52 IDR versus a price of 645.00 IDR, about −49% upside (overvalued).
What is the fair value of LPGI?
Our model-based fair value for Lippo General Insurance Tbk is 329.52 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 645.00 IDR.
What is the quality score of LPGI?
Lippo General Insurance Tbk has a Quality Score of 67/100. 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 Lippo General Insurance Tbk (LPGI)?
Our model-based price target is the fair value of 329.52 IDR (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 290.67 IDR, optimistic scenario 537.24 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Lippo General Insurance Tbk stock forecast for 2026?
Our models put fair value at 329.52 IDR, about −49% upside versus a price of 645.00 IDR (overvalued). Cautious scenario 290.67 IDR, optimistic scenario 537.24 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Lippo General Insurance Tbk (LPGI)?
Lippo General Insurance Tbk reported trailing-twelve-month revenue of about 4.2T IDR (latest available figure, as of Sep 24, 2026).
Does Lippo General Insurance Tbk pay a dividend?
Lippo General Insurance Tbk currently shows a dividend yield of about 0.89% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Lippo General Insurance Tbk (LPGI)?
For today's price to be fair in a discounted-cash-flow model, Lippo General Insurance Tbk would have to grow free cash flow by -17.9 % 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 +24.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of LPGI use?
Our models discount Lippo General Insurance Tbk at 13.5 %: a base by market capitalisation (micro), damped by beta 0.11, 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 Lippo General Insurance Tbk that is -17.9 % 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 Lippo General Insurance Tbk (LPGI) delivered so far?
Over the past 5 years revenue at Lippo General Insurance Tbk grew +24.0 % a year. The price currently implies -17.9 % 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 Lippo General Insurance Tbk (LPGI) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Lippo General Insurance Tbk (-17.9 % 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 Lippo General Insurance Tbk (LPGI)?
The free-cash-flow yield on the price is 29.66 %: that much free cash flow Lippo General Insurance 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 Lippo General Insurance Tbk (LPGI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lippo General Insurance Tbk it is 329.52 IDR per share (as of Sep 24, 2026), against a price of 645.00 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Lippo General Insurance Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, LPGI trades above its calculated fair value: price 645.00 IDR, fair value 329.52 IDR, a gap of about −49% (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 LPGI?
No. The price is what the market pays today (645.00 IDR); the fair value is what the company's own numbers justify (329.52 IDR). For Lippo General Insurance Tbk the two are 315.48 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Lippo General Insurance Tbk worth?
The market values Lippo General Insurance Tbk at about 1.9T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 645.00 IDR; our models calculate a fair value of 329.52 IDR per share.
What do the bullish and bearish scenarios say about LPGI?
Our models span a range for Lippo General Insurance Tbk: cautious scenario 290.67 IDR, base 329.52 IDR, optimistic 537.24 IDR per share (as of Sep 24, 2026, price 645.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LPGI?
Lippo General Insurance Tbk trades at a price-to-earnings ratio of 13.4 (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 329.52 IDR is built from several models across several years. Other multiples: P/B 1.9, P/S 0.5, EV/EBITDA 10.6.
How solid is the balance sheet of Lippo General Insurance Tbk (LPGI)?
Balance-sheet figures for Lippo General Insurance Tbk (as of Sep 24, 2026): return on equity 15.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is LPGI from its 52-week high?
Lippo General Insurance Tbk trades at 645.00 IDR, about 20% below its 52-week high of 808.12 IDR and 49% above the low of 433.62 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 329.52 IDR is for.
Which stocks are comparable to Lippo General Insurance Tbk?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali 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 Lippo General Insurance Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 645.00 IDR, calculated fair value 329.52 IDR (−49%), Quality Score 67/100, 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 LPGI calculated?
We run Lippo General Insurance Tbk 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 329.52 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. Lippo General Insurance 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 Lippo General Insurance Tbk (LPGI)?
The closing price on Sep 24, 2026 was 645.00 IDR. Our model-based fair value is 329.52 IDR, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lippo General Insurance Tbk right now?
The price sits above even our optimistic bull case (537.24 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 (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (290.67 IDR to 537.24 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Lippo General Insurance Tbk (LPGI) come from?
Earnings per share at Lippo General Insurance Tbk grew −2.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.9 %, EBIT margin −15.1 %, tax rate +0.1 %, 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 Lippo General Insurance Tbk
How large is the market capitalisation of Lippo General Insurance Tbk (LPGI)?
The market capitalisation of Lippo General Insurance Tbk is 1.9T IDR (≈ $108M). 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 Lippo General Insurance Tbk (LPGI)?
The price-to-sales ratio of Lippo General Insurance Tbk is 0.50 (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 Lippo General Insurance Tbk (LPGI)?
Earnings per share at Lippo General Insurance Tbk are 47.99 IDR (price ÷ EPS = P/E 13.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lippo General Insurance Tbk (LPGI)?
The dividend yield of Lippo General Insurance Tbk is 0.9% (payout 11.9%). 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 Lippo General Insurance Tbk (LPGI)?
The net margin of Lippo General Insurance Tbk is 3.7% (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 Lippo General Insurance Tbk (LPGI)?
The return on equity (ROE) of Lippo General Insurance Tbk is 15.0% (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 Lippo General Insurance Tbk (LPGI)?
On an EBIT basis the return on assets of Lippo General Insurance Tbk is 2.9% (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 Lippo General Insurance Tbk (LPGI)?
The operating margin of Lippo General Insurance Tbk is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lippo General Insurance Tbk (LPGI)?
Revenue at Lippo General Insurance Tbk is growing +21.4% versus a year earlier (3y avg +20.4%). 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 Lippo General Insurance Tbk (LPGI)?
Earnings per share at Lippo General Insurance Tbk are growing +402% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lippo General Insurance Tbk (LPGI) hold?
Lippo General Insurance Tbk holds more cash than debt, 13.5B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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