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PT Bank OCBC NISP Tbk (NISP) Fair Value & Analysis

Financial Services · ID · Market cap 27.5T IDR

PB PT Bank OCBC NISP Tbk NISP · JK
Price1,275 IDR
Fair Value2,410 IDR
Upside+89.0%
Quality56/100
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Healthy Growth
Highly profitable · 40.3% net margin
Low debt · generates free cash flow
3.77% dividend yield
Ranks above peers (13/14)
Wide moat 68/100
Evidence: High Range 1,808 IDR – 3,012 IDR Share as image

Fair value as of: Jul 12, 2026

From 6 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 2,460 IDR to 2,410 IDR (−2.0%) since Jun 26, 2026. Share price +6.7% over the past month.

A solid business, screening 89% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (1,808 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

1,528 IDR 471.70 IDR Fair Value 2,410 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 471.70 IDR – 1,528 IDR · fair‑value band 1,808 IDR – 3,012 IDR · the 1,275 IDR price screens below the 2,410 IDR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

PT Bank OCBC NISP Tbk (NISP) currently trades at 1,275 IDR, while our model-based Fair Value estimate is 2,410 IDR, implying the stock looks roughly 89.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PT Bank OCBC NISP Tbk generated revenue of 12.7T IDR at a net margin of 40.3%. Revenue declined 3.6% year over year. It earns a return on equity of 12.2%. The balance sheet holds a net cash position of 2.7T IDR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 1,808 IDR (bear case) to 3,012 IDR (bull case); at 1,275 IDR, the current price sits below 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 17% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 89%, NISP screens cheaper 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 1,780 IDR 2,093 IDR 4,002 IDR 76
Gordon GGM 1,020 IDR 2,226 IDR 3,745 IDR 70
P/E Multiple 2,149 IDR 2,865 IDR 3,582 IDR 63
All 6 models by family
Dividend Discount
Gordon GGM 1,020 IDR 2,226 IDR 3,745 IDR 70
DDM Multi-Stage 1,020 IDR 1,823 IDR 2,320 IDR 61
Multiples
P/E Multiple 2,149 IDR 2,865 IDR 3,582 IDR 63
P/B Multiple 2,007 IDR 2,676 IDR 3,345 IDR 55
Asset-Based
NCAV (Graham) 955.67 IDR 1,281 IDR 1,911 IDR 50
Economic Profit
Residual Income 1,780 IDR 2,093 IDR 4,002 IDR 76

Widest divergence: Multiples (2,676 IDR) versus Asset-Based (1,281 IDR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 12.7T IDR
Revenue growth (YoY) -3.6%
Net margin 40.3%
Return on equity 12.2%
Free cash flow 3.6T IDR FY2025
P/E ratio 5.0
More key figures
Operating margin 50.9%
EPS (TTM) 223.44 IDR
Dividend yield 3.9%
EPS growth (YoY) +5.3%
Net cash 2.7T IDR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 50 · Market factors (momentum, volatility) 51

Profitability 36
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 82
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 OCBC NISP Tbk provides various banking products and services to corporate and individual customers in Indonesia. The company operates through Business banking, Consumer banking, Global markets and Others segments.

Full company description

PT Bank OCBC NISP Tbk provides various banking products and services to corporate and individual customers in Indonesia. The company operates through Business banking, Consumer banking, Global markets and Others segments. It offers savings and current accounts; time deposits; house, multipurpose, automobile, personal, secured, business, working capital, mortgage, and investment backed loans; credit and debit cards; mutual funds, insurance products, FX products, bonds, and structured and gold products; and premier and private banking services. The company also provides payment and collection, trade and supply chain financing, and export and import financing services; payroll and benefit products; treasury products; capital equity; account investment products; and web and mobile banking, and payment gateway services, as well as e-wallet and bill payment services. In addition, it offers bank reference, bank comfort, and confirmation letters; safe deposit boxes; bank notes; telegraphic transfers; and ATM, remittance, and e-tax services. The company was formerly known as PT Bank NISP Tbk. The company was incorporated in 1941 and is headquartered in Jakarta, Indonesia. PT Bank OCBC NISP Tbk operates as a subsidiary of OCBC Overseas Investments Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank OCBC NISP Tbk reported revenue of 21.1T IDR in FY2025 versus 13.6T IDR in FY2021, a compound +11.5%/yr. Reported net income was 5.1T IDR in FY2025, compounding +19.0%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
21.1T IDR
Latest YoY
+7.1%
Avg. growth/yr (3Y)
+13.1%
Avg. growth/yr (5Y)
+7.2%
Avg. growth/yr (24Y)
+14.5%
Revenue +11.5%/yr
FY21 13.6T IDR
FY22 14.6T IDR
FY23 17.8T IDR
FY24 19.7T IDR
FY25 21.1T IDR
Net income +19.0%/yr
FY21 2.5T IDR
FY22 3.3T IDR
FY23 4.1T IDR
FY24 4.9T IDR
FY25 5.1T IDR

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Cite: Fair Value Calculator (2026). "PT Bank OCBC NISP Tbk Fair Value". https://www.fairvalue-calculator.com/stock/NISP

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 55 · Above median
Fair Value upside +89% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 2% · Top 25%
Net margin (TTM) 40% · Top 25%
Operating margin (TTM) 51% · Top 25%
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.04× · Lower than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 5.4× · Cheaper than 75% of peers
P/B 0.63× · Cheaper than 75% of peers
P/S (TTM) 2.16× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.9× · 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 100 · sector 39
FUTURE 0 · sector 44
PAST 49 · sector 41
HEALTH 98 · sector 85
DIVIDEND 75 · sector 49

Insider activity: 45/100

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 12, 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 OCBC NISP Tbk (NISP) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 2,410 IDR versus a price of 1,275 IDR, about +89% (undervalued).
What is the fair value of NISP?
Our model-based fair value for PT Bank OCBC NISP Tbk is 2,410 IDR (as of Jul 12, 2026), built from audited fundamentals. The current price is 1,275 IDR.
What is the quality score of NISP?
PT Bank OCBC NISP Tbk has a Quality Score of 56/100. 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 OCBC NISP Tbk (NISP)?
PT Bank OCBC NISP Tbk reported trailing-twelve-month revenue of about 12.7T IDR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of NISP?
The net profit margin of PT Bank OCBC NISP Tbk is about 40.3%, meaning it keeps roughly 40.3% of revenue as net income. Based on the latest reported figures.
Does PT Bank OCBC NISP Tbk pay a dividend?
PT Bank OCBC NISP Tbk currently shows a dividend yield of about 3.85% relative to its recent price (as of Jul 12, 2026).

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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