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PT Bank Multiarta Sentosa Tbk, (MASB) Fair Value & Analysis

Financial Services · ID · Market cap 4.8T IDR

PB PT Bank Multiarta Sentosa Tbk, MASB · JK
Price3,400 IDR
Fair Value1,902 IDR
Upside-44.1%
Quality53/100
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Healthy Growth
Highly profitable · 20.9% net margin
generates free cash flow
Trails peers (3/12)
Moderate moat 57/100
Evidence: High Range 1,427 IDR – 2,378 IDR Share as image

Fair value as of: Jul 17, 2026

From 6 valuation models · updated 23 days ago

Share price +0.6% over the past month.

A solid business, but screening 44% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2,378 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) 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.
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Price vs Fair Value (5 years)

4,200 IDR 2,950 IDR Fair Value 1,902 IDR Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 2,950 IDR – 4,200 IDR · fair‑value band 1,427 IDR – 2,378 IDR · the 3,400 IDR price screens above the 1,902 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

PT Bank Multiarta Sentosa Tbk, (MASB) currently trades at 3,400 IDR, while our model-based Fair Value estimate is 1,902 IDR, implying the stock looks roughly 44.1% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Bank Multiarta Sentosa Tbk, generated revenue of 1.0T IDR at a net margin of 20.9%. Revenue grew 13.8% year over year. It earns a return on equity of 5.2%. The balance sheet holds a net cash position of 4.8T IDR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1,427 IDR (bear case) to 2,378 IDR (bull case); at 3,400 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -44%, MASB screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 2,274 IDR 2,304 IDR 2,241 IDR 76
Gordon GGM 221.24 IDR 483.00 IDR 812.67 IDR 70
P/E Multiple 1,427 IDR 1,902 IDR 2,378 IDR 63
All 6 models by family
Dividend Discount
Gordon GGM 221.24 IDR 483.00 IDR 812.67 IDR 70
DDM Multi-Stage 221.24 IDR 395.66 IDR 503.36 IDR 61
Multiples
P/E Multiple 1,427 IDR 1,902 IDR 2,378 IDR 63
P/B Multiple 1,865 IDR 2,487 IDR 3,109 IDR 55
Asset-Based
NCAV (Graham) 1,464 IDR 1,962 IDR 2,928 IDR 50
Economic Profit
Residual Income 2,274 IDR 2,304 IDR 2,241 IDR 76

Widest divergence: Economic Profit (2,304 IDR) versus Dividend Discount (395.66 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.0T IDR
Revenue growth (YoY) +13.8%
Net margin 20.9%
Return on equity 5.2%
Free cash flow 665B IDR FY2025
P/E ratio 22.8
More key figures
Operating margin 27.1%
EPS (TTM) 148.82 IDR
EPS growth (YoY) +6.9%
Net cash 4.8T IDR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 57 · Market factors (momentum, volatility) 53

Profitability 21
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 66
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank Multiarta Sentosa Tbk, 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.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.0T IDR
Latest YoY
+9.9%
Avg. growth/yr (3Y)
+14.8%
Avg. growth/yr (5Y)
+10.3%
Avg. growth/yr (10Y)
+16.8%
Revenue +10.3%/yr
FY21 1.4T IDR
FY22 1.3T IDR
FY23 1.5T IDR
FY24 1.8T IDR
FY25 2.0T IDR
Net income −1.0%/yr
FY21 213B IDR
FY22 305B IDR
FY23 244B IDR
FY24 215B IDR
FY25 205B IDR

MASB screens 44% overvalued. Compare with KB Financial Group →

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Cite: Fair Value Calculator (2026). "PT Bank Multiarta Sentosa Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/MASB

Peer Group

Banks - Regional · 1083 stocks

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.

Quality Score 56 · Above median
Fair Value upside −44% · Bottom 25%
Return on equity (TTM) 5% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 21% · Below median
Operating margin (TTM) 27% · Below median
Revenue growth 14% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 22.8× · Pricier than 75% of peers
P/B 1.16× · Pricier than median
P/S (TTM) 4.75× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 39
FUTURE 69 · sector 44
PAST 21 · sector 41
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

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

Insider activity: 30/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is PT Bank Multiarta Sentosa Tbk, (MASB) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1,902 IDR versus a price of 3,400 IDR, about −44% (overvalued).
What is the fair value of MASB?
Our model-based fair value for PT Bank Multiarta Sentosa Tbk, is 1,902 IDR (as of Jul 17, 2026), built from audited fundamentals. The current price is 3,400 IDR.
What is the quality score of MASB?
PT Bank Multiarta Sentosa Tbk, has a Quality Score of 53/100. 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 revenue of PT Bank Multiarta Sentosa Tbk, (MASB)?
PT Bank Multiarta Sentosa Tbk, reported trailing-twelve-month revenue of about 1.0T IDR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MASB?
The net profit margin of PT Bank Multiarta Sentosa Tbk, is about 20.9%, meaning it keeps roughly 20.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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