Bank Nationalnobu Tbk (NOBU) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bank Nationalnobu Tbk IDR 483, price IDR 530, upside -9.0%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 406.00 IDR – 1,701 IDR · fair‑value band 445.28 IDR – 553.09 IDR · the 530.00 IDR price screens above the 482.58 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.
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PT Bank Nationalnobu Tbk provides banking products and services in Indonesia. It operates through Corporate and Treasury segments. The company offers savings account, current account, and time deposit products; and consumer loans, including home mortgage loans and other personal loans. It also provides ATMs, and internet and mobile banking services.
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PT Bank Nationalnobu Tbk provides banking products and services in Indonesia. It operates through Corporate and Treasury segments. The company offers savings account, current account, and time deposit products; and consumer loans, including home mortgage loans and other personal loans. It also provides ATMs, and internet and mobile banking services. PT Bank Nationalnobu Tbk was formerly known as PT Bank Alfindo. The company was founded in 1990 and is based in Tangerang, Indonesia.
Stock analysis
Bank Nationalnobu Tbk (NOBU) currently trades at 530.00 IDR, while our model-based Fair Value estimate is 482.58 IDR, implying the stock looks roughly 9.8% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 780.32 IDR per share, and 3 of the 4 models we run sit above the 530.00 IDR price.
Bear case: the Asset-Based group reads lowest at 373.44 IDR, and 1 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 445.28 IDR (bear) to 553.09 IDR (bull), the price of 530.00 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 33/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bank Nationalnobu Tbk reported revenue of 3.0T IDR in FY2025 versus 1.0T IDR in FY2021, a compound +30.7%/yr. Reported net income was 481B IDR in FY2025, compounding +65.5%/yr from FY2021.
Key figures
Market cap 4.0T IDR (≈ $221M) · P/E ratio 7.5 · P/S ratio 1.22 · EPS (TTM) 70.22 IDR · Net margin 16.2% · Return on equity 13.1% · Return on assets (EBIT) 0.9% · Operating margin 44.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at −9%, NOBU screens cheaper than that median.
Fair Value models
Bear 445.28 IDRFair Value 482.58 IDRBull 553.09 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 (51.37 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.5%
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.
+34.2%
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.
+27.4%
Start year 2020 (pandemic). Over 10 years: +19.3% a year
Revenue growth 17 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.
+41.5%
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What shareholders gained per year (last 5 years), in IDR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+44.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+44.8%
Dividend (yield on the price)0.0%
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.42% vs 31%, picking up
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.8% → 21%
2025 sits 179% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Price, fair value, quality and upside side by side.
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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 · 1076 stocks
Beats the industry median on 10/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−12% · Above median
Profitability
Return on equity (TTM)13% · Above median
Return on assets1% · Above median
Net margin (TTM)33% · Above median
Operating margin (TTM)44% · Above median
Growth and dividend
Revenue growth31% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Is Bank Nationalnobu Tbk (NOBU) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 482.58 IDR versus a price of 530.00 IDR, about −9% upside (fairly valued).
What is the fair value of NOBU?
Our model-based fair value for Bank Nationalnobu Tbk is 482.58 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 530.00 IDR.
What is the quality score of NOBU?
Bank Nationalnobu Tbk has a Quality Score of 33/100. 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 Nationalnobu Tbk (NOBU)?
Our model-based price target is the fair value of 482.58 IDR (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 445.28 IDR, optimistic scenario 553.09 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Nationalnobu Tbk stock forecast for 2026?
Our models put fair value at 482.58 IDR, about −9% upside versus a price of 530.00 IDR (fairly valued). Cautious scenario 445.28 IDR, optimistic scenario 553.09 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Nationalnobu Tbk (NOBU)?
Bank Nationalnobu Tbk reported trailing-twelve-month revenue of about 1.6T IDR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Bank Nationalnobu Tbk (NOBU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Nationalnobu Tbk it is 482.58 IDR per share (as of Sep 24, 2026), against a price of 530.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank Nationalnobu Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NOBU trades above its calculated fair value: price 530.00 IDR, fair value 482.58 IDR, a gap of about −9% (fairly valued). 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 NOBU?
No. The price is what the market pays today (530.00 IDR); the fair value is what the company's own numbers justify (482.58 IDR). For Bank Nationalnobu Tbk the two are 47.42 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Nationalnobu Tbk worth?
The market values Bank Nationalnobu Tbk at about 4.0T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 530.00 IDR; our models calculate a fair value of 482.58 IDR per share.
What do the bullish and bearish scenarios say about NOBU?
Our models span a range for Bank Nationalnobu Tbk: cautious scenario 445.28 IDR, base 482.58 IDR, optimistic 553.09 IDR per share (as of Sep 24, 2026, price 530.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NOBU?
Bank Nationalnobu Tbk trades at a price-to-earnings ratio of 7.5 (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 482.58 IDR is built from several models across several years. Other multiples: P/B 1.0, P/S 2.6, EV/EBITDA 3.1.
How solid is the balance sheet of Bank Nationalnobu Tbk (NOBU)?
Balance-sheet figures for Bank Nationalnobu Tbk (as of Sep 24, 2026): return on equity 13.1%. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is NOBU from its 52-week high?
Bank Nationalnobu Tbk trades at 530.00 IDR, about 25% below its 52-week high of 710.00 IDR and 27% above the low of 416.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 482.58 IDR is for.
Which stocks are comparable to Bank Nationalnobu 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 Nationalnobu Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 530.00 IDR, calculated fair value 482.58 IDR (−9%), Quality Score 33/100, from 4 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 NOBU calculated?
We run Bank Nationalnobu Tbk through 4 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 482.58 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 13.0 % above its aggregate fair value. Bank Nationalnobu 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 Nationalnobu Tbk (NOBU)?
The closing price on Sep 24, 2026 was 530.00 IDR. Our model-based fair value is 482.58 IDR, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Nationalnobu Tbk right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Nationalnobu Tbk (NOBU) come from?
Earnings per share at Bank Nationalnobu Tbk grew +27.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.6 %, EBIT margin +13.5 %, tax rate −0.1 %, 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 Nationalnobu Tbk
How large is the market capitalisation of Bank Nationalnobu Tbk (NOBU)?
The market capitalisation of Bank Nationalnobu Tbk is 4.0T IDR (≈ $221M). 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 Nationalnobu Tbk (NOBU)?
The price-to-sales ratio of Bank Nationalnobu Tbk is 1.22 (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 Nationalnobu Tbk (NOBU)?
Earnings per share at Bank Nationalnobu Tbk are 70.22 IDR (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Nationalnobu Tbk (NOBU)?
The net margin of Bank Nationalnobu Tbk is 16.2% (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 Nationalnobu Tbk (NOBU)?
The return on equity (ROE) of Bank Nationalnobu Tbk is 13.1% (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 Nationalnobu Tbk (NOBU)?
On an EBIT basis the return on assets of Bank Nationalnobu Tbk is 0.9% (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 Nationalnobu Tbk (NOBU)?
The operating margin of Bank Nationalnobu Tbk is 44.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Nationalnobu Tbk (NOBU)?
Revenue at Bank Nationalnobu Tbk is growing +31.1% versus a year earlier (3y avg +34.2%). 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 Nationalnobu Tbk (NOBU)?
Earnings per share at Bank Nationalnobu Tbk are growing +39.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank Nationalnobu Tbk (NOBU) generate?
The free cash flow of Bank Nationalnobu Tbk is −378B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bank Nationalnobu Tbk (NOBU) carry?
The net debt of Bank Nationalnobu Tbk is 4.7T IDR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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