PT Bank Mega Tbk (MEGA) Fair Value & Analysis
Financial Services · ID · Market cap 46.4T IDR
Fair value as of: Jul 15, 2026
From 6 valuation models · updated 25 days ago
Share price −1.2% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 1,555 IDR – 965,951 IDR · fair‑value band 1,411 IDR – 2,352 IDR · the 1,985 IDR price screens above the 1,882 IDR fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
PT Bank Mega Tbk (MEGA) currently trades at 1,985 IDR, while our model-based Fair Value estimate is 1,882 IDR, implying the stock looks roughly 5.2% fairly valued 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 Mega Tbk generated revenue of 7.4T IDR at a net margin of 47.3%. Revenue grew 8.3% year over year. It earns a return on equity of 15.1%. The balance sheet holds a net cash position of 14.0T IDR. Fundamentals as of Jul 15, 2026
Our scenario range runs from 1,411 IDR (bear case) to 2,352 IDR (bull case); at 1,985 IDR, the current price sits within 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. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -5%, MEGA 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.
All 6 models by family
Widest divergence: Multiples (1,510 IDR) versus Asset-Based (722.72 IDR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 49
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 Mega Tbk provides various banking products and services in Indonesia. The company offers savings accounts, current accounts, and time deposits.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT 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.
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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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 15, 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
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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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