Bank Mega Tbk (MEGA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bank Mega Tbk IDR 1,172, price IDR 1,945, upside -39.8%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Bank Mega 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 1,555 IDR – 965,951 IDR · fair‑value band 990.37 IDR – 2,117 IDR · the 1,945 IDR price screens above the 1,172 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 Bank Mega Tbk in your weekly email
Every Wednesday you see whether Bank Mega 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 Bank Mega Tbk provides various banking products and services in Indonesia. The company offers savings accounts, current accounts, and time deposits.
Show more
PT Bank Mega Tbk provides various banking products and services in Indonesia. The company offers savings accounts, current accounts, and time deposits. It also provides cash, car, housing, working capital, and investment loans; inventory and supplier financing; financing for the purchase of motor vehicles and assets; credit and debit cards; and various credit facilities. In addition, the company offers investment products, such as mutual funds; bancassurance products comprising unit link products; and monitoring agent services for the issuance of medium-term notes and guarantor agent services. Further, the company provides treasury products, such as banknotes, foreign exchange services, derivatives, and bonds; RTGS, funds remittance, funds transfer, intercity clearing, safe deposit box, custody, trustee, and trade financing services; international banking services; and ATM and internet banking services. The company was formerly known as PT. Karman bank and changed its name to PT Bank Mega Tbk in 1992. PT Bank Mega Tbk was founded in 1969 and is headquartered in Jakarta, Indonesia. PT Bank Mega Tbk is a subsidiary of PT Mega Corpora.
Stock analysis
Bank Mega Tbk (MEGA) currently trades at 1,945 IDR, while our model-based Fair Value estimate is 1,172 IDR, implying the stock looks roughly 66.0% overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 1,510 IDR per share, and 0 of the 6 models we run sit above the 1,945 IDR price.
Bear case: the Dividend Discount group reads lowest at 672.01 IDR, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 990.37 IDR (bear) to 2,117 IDR (bull), the price of 1,945 IDR sits inside 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 53/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bank Mega Tbk reported revenue of 13.1T IDR in FY2025 versus 11.2T IDR in FY2021, a compound +4.0%/yr. Reported net income was 3.4T IDR in FY2025, compounding −4.3%/yr from FY2021.
Key figures
Market cap 45.7T IDR (≈ $4.6B) · P/E ratio 13.1 · P/S ratio 3.36 · EPS (TTM) 148.54 IDR · Dividend yield 2.3% · Net margin 25.7% · Return on equity 15.1% · Return on assets (EBIT) 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 25% 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%, MEGA screens richer than that median.
Fair Value models
Bear 990.37 IDRFair Value 1,172 IDRBull 2,117 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 (108.66 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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.1%
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.
+4.2%
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.
+3.7%
Start year 2020 (pandemic). Over 10 years: +4.6% 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.
+12.2%
’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.
−8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.0%
Dividend (yield on the price)2.3%
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.−11% vs 13%, 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.34% → 32%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+22.1%
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 +19.0% a year for the price.
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.Banks - Regional · 1074 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−40% · Bottom 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets3% · Top 25%
Net margin (TTM)47% · Top 25%
Operating margin (TTM)48% · Above median
Growth and dividend
Revenue growth8% · Below median
Dividend yield (TTM)2.3% · Below median
Balance sheet
Debt / equity0.09× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)13.1× · Pricier than median
P/B1.82× · Priciest 25%
P/S (TTM)6.21× · Priciest 25%
P/FCF0.0× · Cheapest 25%
EV/EBITDA6.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)42· sector 45
PAST (return on equity)60· sector 41
HEALTH (low debt)96· sector 85
DIVIDEND (yield)45· 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.
Cite: Fair Value Calculator (2026). "Bank Mega Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MEGA
Frequently asked questions
Is Bank Mega Tbk (MEGA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,172 IDR versus a price of 1,945 IDR, about −40% upside (overvalued).
What is the fair value of MEGA?
Our model-based fair value for Bank Mega Tbk is 1,172 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,945 IDR.
What is the quality score of MEGA?
Bank Mega 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 price target for Bank Mega Tbk (MEGA)?
Our model-based price target is the fair value of 1,172 IDR (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 990.37 IDR, optimistic scenario 2,117 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Mega Tbk stock forecast for 2026?
Our models put fair value at 1,172 IDR, about −40% upside versus a price of 1,945 IDR (overvalued). Cautious scenario 990.37 IDR, optimistic scenario 2,117 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Mega Tbk (MEGA)?
Bank Mega Tbk reported trailing-twelve-month revenue of about 7.4T IDR (latest available figure, as of Sep 24, 2026).
Does Bank Mega Tbk pay a dividend?
Bank Mega Tbk currently shows a dividend yield of about 2.27% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bank Mega Tbk (MEGA)?
For today's price to be fair in a discounted-cash-flow model, Bank Mega Tbk would have to grow free cash flow by +22.1 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MEGA use?
Our models discount Bank Mega Tbk at 10.5 %: a base by market capitalisation (mid), damped by beta 0.04, 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 Mega Tbk that is +22.1 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Bank Mega Tbk (MEGA) delivered so far?
Over the past 5 years revenue at Bank Mega Tbk grew +3.7 % a year. The price currently implies +22.1 % 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 Mega Tbk (MEGA) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Bank Mega Tbk (+22.1 % 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 Mega Tbk (MEGA)?
The free-cash-flow yield on the price is 1.90 %: that much free cash flow Bank Mega Tbk produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bank Mega Tbk (MEGA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Mega Tbk it is 1,172 IDR per share (as of Sep 24, 2026), against a price of 1,945 IDR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Bank Mega Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MEGA trades above its calculated fair value: price 1,945 IDR, fair value 1,172 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 MEGA?
No. The price is what the market pays today (1,945 IDR); the fair value is what the company's own numbers justify (1,172 IDR). For Bank Mega Tbk the two are 773.08 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Mega Tbk worth?
The market values Bank Mega Tbk at about 45.7T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 1,945 IDR; our models calculate a fair value of 1,172 IDR per share.
What do the bullish and bearish scenarios say about MEGA?
Our models span a range for Bank Mega Tbk: cautious scenario 990.37 IDR, base 1,172 IDR, optimistic 2,117 IDR per share (as of Sep 24, 2026, price 1,945 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MEGA?
Bank Mega Tbk trades at a price-to-earnings ratio of 13.1 (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 1,172 IDR is built from several models across several years. Other multiples: P/B 1.8, P/S 6.2, EV/EBITDA 6.8.
How solid is the balance sheet of Bank Mega Tbk (MEGA)?
Balance-sheet figures for Bank Mega Tbk (as of Sep 24, 2026): return on equity 15.1%, debt of 0.09 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is MEGA from its 52-week high?
Bank Mega Tbk trades at 1,945 IDR, about 34% below its 52-week high of 2,950 IDR and 25% above the low of 1,555 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,172 IDR is for.
Which stocks are comparable to Bank Mega Tbk?
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 Mega Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 1,945 IDR, calculated fair value 1,172 IDR (−40%), Quality Score 53/100, 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 MEGA calculated?
We run Bank Mega 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 1,172 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 Mega 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 Bank Mega Tbk (MEGA)?
The closing price on Sep 23, 2026 was 1,945 IDR. Our model-based fair value is 1,172 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 Mega Tbk right now?
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 (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (990.37 IDR to 2,117 IDR) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Bank Mega Tbk (MEGA) come from?
Earnings per share at Bank Mega Tbk grew +15.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.3 %, EBIT margin +10.3 %, tax rate +0.0 %, 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 Bank Mega Tbk
How large is the market capitalisation of Bank Mega Tbk (MEGA)?
The market capitalisation of Bank Mega Tbk is 45.7T IDR (≈ $4.6B). 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 Mega Tbk (MEGA)?
The price-to-sales ratio of Bank Mega Tbk is 3.36 (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 Mega Tbk (MEGA)?
Earnings per share at Bank Mega Tbk are 148.54 IDR (price ÷ EPS = P/E 13.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank Mega Tbk (MEGA)?
The dividend yield of Bank Mega Tbk is 2.3% (payout 29.7%). 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 Mega Tbk (MEGA)?
The net margin of Bank Mega Tbk is 25.7% (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 Bank Mega Tbk (MEGA)?
The return on equity (ROE) of Bank Mega Tbk is 15.1% (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 Mega Tbk (MEGA)?
On an EBIT basis the return on assets of Bank Mega Tbk is 3.2% (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 Mega Tbk (MEGA)?
The operating margin of Bank Mega Tbk is 47.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Mega Tbk (MEGA)?
Revenue at Bank Mega Tbk is growing +8.3% versus a year earlier (3y avg +4.2%). 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 Mega Tbk (MEGA)?
Earnings per share at Bank Mega Tbk are growing +22.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bank Mega Tbk (MEGA) hold?
Bank Mega Tbk holds more cash than debt, 14.0T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Bank Mega Tbk in the live analysis
One click puts Bank Mega 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.
