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PT Merry Riana Edukasi Tbk (MERI) Fair Value & Analysis

Consumer Defensive · ID · Market cap 107B IDR

PM PT Merry Riana Edukasi Tbk MERI · JK
Price121.00 IDR
Fair Value84.89 IDR
Upside-29.8%
Quality65/100
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Weak Growth
Thin margins · 7.6% net margin
Ranks above peers (5/7)
Moderate moat 46/100
Evidence: Medium Range 63.67 IDR – 106.11 IDR Share as image

Fair value as of: Jul 14, 2026

From 20 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from 108.44 IDR to 84.89 IDR (−21.7%) since Jun 24, 2026. Share price +17.5% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (106.11 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (13 months)

565.00 IDR 91.00 IDR Fair Value 84.89 IDR Jul 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 14, 2026.

How to read this chart

13‑month range 91.00 IDR – 565.00 IDR · fair‑value band 63.67 IDR – 106.11 IDR · the 121.00 IDR price screens above the 84.89 IDR fair value. As of Jul 14, 2026.

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Analysis

PT Merry Riana Edukasi Tbk (MERI) currently trades at 121.00 IDR, while our model-based Fair Value estimate is 84.89 IDR, implying the stock looks roughly 29.8% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Defensive 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: medium).

Over the trailing twelve months, PT Merry Riana Edukasi Tbk generated revenue of 38.1B IDR at a net margin of 7.6%. Revenue grew 20.3% year over year. It earns a return on equity of 11.2%. Fundamentals as of Jul 14, 2026

Our scenario range runs from 63.67 IDR (bear case) to 106.11 IDR (bull case); at 121.00 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. For context, the median of 10 Consumer Defensive peers we cover trades at 17% fair-value upside, at -30%, MERI 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 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
Highest evidence
Growth DCF 83.61 IDR 104.80 IDR 135.79 IDR 72
Growth-Adj P/E 54.81 IDR 78.31 IDR 101.80 IDR 68
Rev-Margin DCF 85.65 IDR 113.56 IDR 146.45 IDR 67
All 20 models by family
DCF Models
FCF DCF 83.12 IDR 107.50 IDR 145.76 IDR 38
5Y Revenue Exit 85.65 IDR 113.83 IDR 150.35 IDR 39
5Y P/E Exit 94.21 IDR 130.17 IDR 168.68 IDR 38
10Y Revenue Exit 82.93 IDR 108.67 IDR 144.37 IDR 36
10Y P/E Exit 89.87 IDR 120.15 IDR 158.64 IDR 35
Earnings-Based
Graham-Dodd 28.86 IDR 98.94 IDR 132.80 IDR 54
Lynch FV 22.79 IDR 32.56 IDR 42.32 IDR 50
PEG = 1.0 22.79 IDR 32.56 IDR 42.32 IDR 46
EPV 80.83 IDR 87.15 IDR 92.68 IDR 59
Multiples
P/E Multiple 63.67 IDR 84.89 IDR 106.11 IDR 63
P/S Multiple 54.12 IDR 72.16 IDR 90.20 IDR 58
P/B Multiple 54.12 IDR 72.16 IDR 90.20 IDR 55
EV/EBIT 110.96 IDR 133.64 IDR 156.32 IDR 53
EV/Revenue 88.78 IDR 108.44 IDR 128.09 IDR 43
Asset-Based
NCAV (Graham) 21.06 IDR 28.22 IDR 42.11 IDR 50
Growth DCF
Growth DCF 83.61 IDR 104.80 IDR 135.79 IDR 72
Rev-Margin DCF 85.65 IDR 113.56 IDR 146.45 IDR 67
Economic Profit
Residual Income 37.09 IDR 41.33 IDR 65.88 IDR 61
ROIC Compounder 80.83 IDR 87.15 IDR 92.68 IDR 67
Growth Earnings
Growth-Adj P/E 54.81 IDR 78.31 IDR 101.80 IDR 68

Widest divergence: DCF Models (113.83 IDR) versus Asset-Based (28.22 IDR). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 38.1B IDR
Revenue growth (YoY) +20.3%
Net margin 7.6%
Return on equity 11.2%
Operating margin 6.7%
EPS growth (YoY) -79.4%

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 66 · Market factors (momentum, volatility) 10

Profitability 54
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 100
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 Merry Riana Edukasi Tbk operates educational institution and self-development centre for Kids and Teens in Indonesia. The company offers training programs, such as Merry Riana Learning Center, Merry Riana Events, Merry Riana Digital Learning, and seminar/workshop training programs.

Full company description

PT Merry Riana Edukasi Tbk operates educational institution and self-development centre for Kids and Teens in Indonesia. The company offers training programs, such as Merry Riana Learning Center, Merry Riana Events, Merry Riana Digital Learning, and seminar/workshop training programs. It also provides regular, event-based, and online training programs, as well as offers educational services. The company was founded in 2014 and is headquartered in Jakarta Barat, Indonesia. PT Merry Riana Edukasi Tbk operates as a subsidiary of PT Merry Riana Indonesia.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

PT Merry Riana Edukasi Tbk reported revenue of 36.4B IDR in FY2025 versus 27.5B IDR in FY2023, a compound +15.0%/yr. Reported net income was 4.4B IDR in FY2025, compounding −28.9%/yr from FY2023.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
36.4B IDR
Latest YoY
+1.6%
Revenue +15.0%/yr
FY23 27.5B IDR
FY24 35.8B IDR
FY25 36.4B IDR
Net income −28.9%/yr
FY23 8.7B IDR
FY24 9.3B IDR
FY25 4.4B IDR

MERI screens 30% overvalued. Compare with New Oriental Education & Technology Group →

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Cite: Fair Value Calculator (2026). "PT Merry Riana Edukasi Tbk Fair Value". https://www.fairvalue-calculator.com/stock/MERI

Peer Group

Education & Training Services · 148 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 65 · Above median
Fair Value upside −30% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth 20% · Top 25%

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 37
FUTURE 100 · sector 24
PAST 45 · sector 18
HEALTH 0 · sector 95
DIVIDEND 0 · sector 66

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

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 Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDUN 966.48 MXN 897.37 MXN -7%
TAL Education Group TAL $10.24 $15.60 +52%
Laureate Education, Inc LAUR $36.45 $41.45 +14%
Physicswallah Limited PWL ₹131.59 ₹14.81 -89%
Grand Canyon Education, Inc LOPE $149.00 $152.01 +2%
Covista Inc CVSA $116.22 $135.45 +17%
Stride, Inc LRN $83.39 $139.45 +67%
Universal Technical Institute, Inc UTI $40.33 $21.35 -47%
Perdoceo Education Corporation PRDO $31.66 $41.45 +31%
Strategic Education, Inc STRA $84.18 $105.48 +25%

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Frequently asked questions

Is PT Merry Riana Edukasi Tbk (MERI) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 84.89 IDR versus a price of 121.00 IDR, about −30% (overvalued).
What is the fair value of MERI?
Our model-based fair value for PT Merry Riana Edukasi Tbk is 84.89 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 121.00 IDR.
What is the quality score of MERI?
PT Merry Riana Edukasi Tbk has a Quality Score of 65/100. 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 Merry Riana Edukasi Tbk (MERI)?
PT Merry Riana Edukasi Tbk reported trailing-twelve-month revenue of about 38.1B IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of MERI?
The net profit margin of PT Merry Riana Edukasi Tbk is about 7.6%, meaning it keeps roughly 7.6% 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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