Bank Multiarta Sentosa PT (MASB) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bank Multiarta Sentosa PT IDR 1,973, price IDR 3,290, upside -40.0%, quality 55 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 2,950 IDR – 4,200 IDR · fair‑value band 1,646 IDR – 2,743 IDR · the 3,290 IDR price screens above the 1,973 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 Multiarta Sentosa Tbk, together with its subsidiaries, provides various banking products and services in Indonesia. The company offers saving and current accounts; time deposits; business and investment loans; personal loans, such as home, apartment, office, shop, kiosk ownership, and vehicle; mobile and internet banking; automated teller machines.
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PT Bank Multiarta Sentosa Tbk, together with its subsidiaries, provides various banking products and services in Indonesia. The company offers saving and current accounts; time deposits; business and investment loans; personal loans, such as home, apartment, office, shop, kiosk ownership, and vehicle; mobile and internet banking; automated teller machines. It operates a network of branches and sub-branches. The company was founded in 1992 and is headquartered in Jakarta Selatan, Indonesia. PT Bank Multiarta Sentosa Tbk is a subsidiary of Pt Danabina Sentana.
Stock analysis
Bank Multiarta Sentosa PT (MASB) currently trades at 3,290 IDR, while our model-based Fair Value estimate is 1,973 IDR, implying the stock looks roughly 66.7% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 2,058 IDR per share, and 0 of the 6 models we run sit above the 3,290 IDR price.
Bear case: the Dividend Discount group reads lowest at 294.14 IDR, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,646 IDR (bear) to 2,743 IDR (bull), the price of 3,290 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 55/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank Multiarta Sentosa PT reported revenue of 2.0T IDR in FY2025 versus 1.4T IDR in FY2021, a compound +10.3%/yr. Reported net income was 205B IDR in FY2025, compounding −1.0%/yr from FY2021.
Key figures
Market cap 4.6T IDR (≈ $461M) · P/E ratio 21.7 · P/S ratio 2.22 · EPS (TTM) 151.87 IDR · Dividend yield 0.7% · Net margin 10.2% · Return on equity 5.2% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −40%, MASB screens richer than that median.
Fair Value models
Bear 1,646 IDRFair Value 1,973 IDRBull 2,743 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 (111.09 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.87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.9%
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.
+14.8%
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.
+10.3%
Start year 2020 (pandemic). Over 10 years: +16.8% a year
Revenue growth 10 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.
+16.8%
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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.
+9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.8%
Dividend (yield on the price)0.7%
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.9% vs 11%, steady
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.13% → 13%
Start year 2020 (pandemic)
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 Multiarta Sentosa PT 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 · 1074 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−40% · Bottom 25%
Profitability
Return on equity (TTM)5% · Bottom 25%
Return on assets1% · Below median
Net margin (TTM)20% · Below median
Operating margin (TTM)28% · Below median
Growth and dividend
Revenue growth18% · Above median
Dividend yield (TTM)0.7% · Bottom 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)21.7× · Priciest 25%
P/B1.12× · Cheaper than median
P/S (TTM)4.43× · Pricier than median
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)89· sector 45
PAST (return on equity)21· sector 41
HEALTH (low debt)0· sector 85
DIVIDEND (yield)14· sector 53
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 Bank Multiarta Sentosa PT (MASB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,973 IDR versus a price of 3,290 IDR, about −40% upside (overvalued).
What is the fair value of MASB?
Our model-based fair value for Bank Multiarta Sentosa PT is 1,973 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 3,290 IDR.
What is the quality score of MASB?
Bank Multiarta Sentosa PT has a Quality Score of 55/100. 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 Multiarta Sentosa PT (MASB)?
Our model-based price target is the fair value of 1,973 IDR (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 1,646 IDR, optimistic scenario 2,743 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Multiarta Sentosa PT stock forecast for 2026?
Our models put fair value at 1,973 IDR, about −40% upside versus a price of 3,290 IDR (overvalued). Cautious scenario 1,646 IDR, optimistic scenario 2,743 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Multiarta Sentosa PT (MASB)?
Bank Multiarta Sentosa PT reported trailing-twelve-month revenue of about 1.0T IDR (latest available figure, as of Sep 24, 2026).
Does Bank Multiarta Sentosa PT pay a dividend?
Bank Multiarta Sentosa PT currently shows a dividend yield of about 0.68% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bank Multiarta Sentosa PT (MASB)?
For today's price to be fair in a discounted-cash-flow model, Bank Multiarta Sentosa PT would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MASB use?
Our models discount Bank Multiarta Sentosa PT at 12.0 %: a base by market capitalisation (small), damped by beta 0.05, 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 Multiarta Sentosa PT that is less than minus 40 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Bank Multiarta Sentosa PT (MASB) delivered so far?
Over the past 5 years revenue at Bank Multiarta Sentosa PT grew +10.3 % 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 Multiarta Sentosa PT (MASB) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Bank Multiarta Sentosa PT (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 Multiarta Sentosa PT (MASB)?
The free-cash-flow yield on the price is 14.42 %: that much free cash flow Bank Multiarta Sentosa PT produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), 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 Multiarta Sentosa PT (MASB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Multiarta Sentosa PT it is 1,973 IDR per share (as of Sep 24, 2026), against a price of 3,290 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bank Multiarta Sentosa PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MASB trades above its calculated fair value: price 3,290 IDR, fair value 1,973 IDR, a gap of about −40% (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 MASB?
No. The price is what the market pays today (3,290 IDR); the fair value is what the company's own numbers justify (1,973 IDR). For Bank Multiarta Sentosa PT the two are 1,317 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Multiarta Sentosa PT worth?
The market values Bank Multiarta Sentosa PT at about 4.6T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 3,290 IDR; our models calculate a fair value of 1,973 IDR per share.
What do the bullish and bearish scenarios say about MASB?
Our models span a range for Bank Multiarta Sentosa PT: cautious scenario 1,646 IDR, base 1,973 IDR, optimistic 2,743 IDR per share (as of Sep 24, 2026, price 3,290 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MASB?
Bank Multiarta Sentosa PT trades at a price-to-earnings ratio of 21.7 (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 1,973 IDR is built from several models across several years. Other multiples: P/B 1.1, P/S 4.4.
How solid is the balance sheet of Bank Multiarta Sentosa PT (MASB)?
Balance-sheet figures for Bank Multiarta Sentosa PT (as of Sep 24, 2026): return on equity 5.2%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is MASB from its 52-week high?
Bank Multiarta Sentosa PT trades at 3,290 IDR, about 12% below its 52-week high of 3,720 IDR and 12% above the low of 2,950 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,973 IDR is for.
Which stocks are comparable to Bank Multiarta Sentosa PT?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Multiarta Sentosa PT stock attractive at the current price?
The data as of Sep 24, 2026: price 3,290 IDR, calculated fair value 1,973 IDR (−40%), Quality Score 55/100, 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 MASB calculated?
We run Bank Multiarta Sentosa PT 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 1,973 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. Bank Multiarta Sentosa PT 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 Bank Multiarta Sentosa PT (MASB)?
The closing price on Sep 23, 2026 was 3,290 IDR. Our model-based fair value is 1,973 IDR, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Multiarta Sentosa PT right now?
The price sits above even our optimistic bull case (2,743 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 (55/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Bank Multiarta Sentosa PT
How large is the market capitalisation of Bank Multiarta Sentosa PT (MASB)?
The market capitalisation of Bank Multiarta Sentosa PT is 4.6T IDR (≈ $461M). 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 Multiarta Sentosa PT (MASB)?
The price-to-sales ratio of Bank Multiarta Sentosa PT is 2.22 (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 Bank Multiarta Sentosa PT (MASB)?
Earnings per share at Bank Multiarta Sentosa PT are 151.87 IDR (price ÷ EPS = P/E 21.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank Multiarta Sentosa PT (MASB)?
The dividend yield of Bank Multiarta Sentosa PT is 0.7% (payout 14.7%). 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 Bank Multiarta Sentosa PT (MASB)?
The net margin of Bank Multiarta Sentosa PT is 10.2% (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 Bank Multiarta Sentosa PT (MASB)?
The return on equity (ROE) of Bank Multiarta Sentosa PT is 5.2% (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 Bank Multiarta Sentosa PT (MASB)?
On an EBIT basis the return on assets of Bank Multiarta Sentosa PT is 1.2% (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 Multiarta Sentosa PT (MASB)?
The operating margin of Bank Multiarta Sentosa PT is 27.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Multiarta Sentosa PT (MASB)?
Revenue at Bank Multiarta Sentosa PT is growing +17.8% versus a year earlier (3y avg +14.8%). 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 Multiarta Sentosa PT (MASB)?
Earnings per share at Bank Multiarta Sentosa PT are growing +8.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bank Multiarta Sentosa PT (MASB) hold?
Bank Multiarta Sentosa PT holds more cash than debt, 4.8T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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