Nusatama Berkah Tbk PT (NTBK) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Nusatama Berkah Tbk PT stock IDR 13, price IDR 45, upside -72.0%, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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. As of Nov 1, 2026.
How to read this chart
57‑month range 45.00 IDR – 179.88 IDR · fair‑value band 8.11 IDR – 17.12 IDR · the 45.00 IDR price screens above the 12.61 IDR fair value. As of Nov 1, 2026.
Follow Nusatama Berkah Tbk PT in your weekly email
Every Wednesday you see whether Nusatama Berkah Tbk PT 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 Nusatama Berkah Tbk engages in the manufacturing and fabrication of special vehicles in Indonesia.
Show moreShow less
It offers transportation logistic products, such as concrete mixers, high bed and low bed trailers, manhaulers, moveable curtain trailers, and triple trailer CSL tanks; road sweepers, tyre handlers, and hydraulic umbrella products; and oil and gas products, including truck cranes and vacuum trucks.
The company also provides mineral and coal mining comprising dumping and tipping vessels, and side dump trailers, as well as fuel, lube, and water trucks; logging and forestry products consisting of logging pole trailers, short logging trucks, and skeletal logging trailers.
In addition, it offers EV ETRAK double cabin, charging piles, BeiBen electric dump truck, and BeiBen pure electric tractors. The company was founded in 2009 and is headquartered in Jakarta, Indonesia. PT Nusatama Berkah Tbk is a subsidiary of PT Reborn Capital.
Stock analysis
Nusatama Berkah Tbk PT (NTBK) currently trades at 45.00 IDR, while our model-based Fair Value estimate is 12.61 IDR, 72.0% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of 26.07 IDR per share, and 1 of the 16 models we run sit above the 45.00 IDR price.
Bear case: the Earnings-Based group reads lowest at 1.38 IDR, and 15 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 8.11 IDR (bear) to 17.12 IDR (bull), the price of 45.00 IDR sits above 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 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Nusatama Berkah Tbk PT reported revenue of 96.6B IDR in FY2025 versus 52.8B IDR in FY2021, a compound +16.3%/yr. Reported net income was 707M IDR in FY2025, compounding +29.4%/yr from FY2021.
Key figures
Market cap 122B IDR (≈ $6.7M) Micro · P/E ratio 200.9 · P/S ratio 1.47 · EPS (TTM) 0.2240 IDR · Dividend yield 0.1% · Net margin 0.7% · Return on equity −4.7% · Return on assets (EBIT) 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 75% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −72%, NTBK screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.5800 IDR to 157.76 IDR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear8.11 IDRFair Value 12.61 IDRBull17.12 IDR
Price 45.00 IDR · Upside -72.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.1878 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−8.4%
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.
−1.8%
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.
+17.4%
Start year 2020 (pandemic)
Revenue growth 7 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.
+6.5%
’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. Basis: EBIT basis. 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.
+24.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.3%
Dividend (yield on the price)0.1%
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.3% → 3%
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.Farm & Heavy Construction Machinery · 148 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−72.0% · Bottom 25%
Profitability
Return on assets0.5% · Bottom 25%
Net margin (12 months)−6.9% · Bottom 25%
Operating margin (12 months)17.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−57.5% · Bottom 25%
Dividend yield (12 months)0.1% · Bottom 25%
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (12 months)200.9× · Priciest 25%
P/B1.28× · Cheaper than median
P/S (12 months)1.88× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 44
FUTURE (revenue growth)0· sector 51
PAST (return on equity)0· sector 36
HEALTH (low debt)100· sector 94
DIVIDEND (yield)2· sector 37
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.
Is Nusatama Berkah Tbk PT (NTBK) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 12.61 IDR versus a price of 45.00 IDR, about −72% upside (overvalued).
What is the fair value of NTBK?
Our model-based fair value for Nusatama Berkah Tbk PT is 12.61 IDR (as of Nov 1, 2026), built from audited fundamentals. The current price: 45.00 IDR.
What is the quality score of NTBK?
Nusatama Berkah Tbk PT has a Quality Score of 48/100. 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 Nusatama Berkah Tbk PT (NTBK)?
Our model-based price target is the fair value of 12.61 IDR (as of Nov 1, 2026) from 16 valuation models. Cautious scenario 8.11 IDR, optimistic scenario 17.12 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Nusatama Berkah Tbk PT stock forecast for 2026?
Our models put fair value at 12.61 IDR, about −72% upside versus a price of 45.00 IDR (overvalued). Cautious scenario 8.11 IDR, optimistic scenario 17.12 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Nusatama Berkah Tbk PT (NTBK)?
Nusatama Berkah Tbk PT reported trailing-twelve-month revenue of about 64.5B IDR (latest available figure, as of Nov 1, 2026).
Does Nusatama Berkah Tbk PT pay a dividend?
Nusatama Berkah Tbk PT currently shows a dividend yield of 0.11% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of Nusatama Berkah Tbk PT (NTBK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nusatama Berkah Tbk PT it is 12.61 IDR per share (as of Nov 1, 2026), against a price of 45.00 IDR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Nusatama Berkah Tbk PT stock overvalued or undervalued in 2026?
As of Nov 1, 2026, NTBK trades above its calculated fair value: price 45.00 IDR, fair value 12.61 IDR, a gap of about −72% (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 NTBK?
No. The price is what the market pays today (45.00 IDR); the fair value is what the company's own numbers justify (12.61 IDR). For Nusatama Berkah Tbk PT the two are 32.39 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Nusatama Berkah Tbk PT worth?
The market values Nusatama Berkah Tbk PT at about 122B IDR (market capitalisation, as of Nov 1, 2026). Per share that is 45.00 IDR; our models calculate a fair value of 12.61 IDR per share.
What do the bullish and bearish scenarios say about NTBK?
Our models span a range for Nusatama Berkah Tbk PT: cautious scenario 8.11 IDR, base 12.61 IDR, optimistic 17.12 IDR per share (as of Nov 1, 2026, price 45.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NTBK?
Nusatama Berkah Tbk PT trades at a price-to-earnings ratio of 200.9 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12.61 IDR is built from several models across several years. Other multiples: P/B 1.3, P/S 1.9.
How solid is the balance sheet of Nusatama Berkah Tbk PT (NTBK)?
Balance-sheet figures for Nusatama Berkah Tbk PT (as of Nov 1, 2026): return on equity −4.7%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is NTBK from its 52-week high?
Nusatama Berkah Tbk PT trades at 45.00 IDR, about 75% below its 52-week high of 179.88 IDR and at the low of 45.00 IDR (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 12.61 IDR is for.
Which stocks are comparable to Nusatama Berkah Tbk PT?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Nusatama Berkah Tbk PT stock attractive at the current price?
The data as of Nov 1, 2026: price 45.00 IDR, calculated fair value 12.61 IDR (−72%), Quality Score 48/100, from 16 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 NTBK calculated?
We run Nusatama Berkah Tbk PT through 16 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 12.61 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 14.9 % above its aggregate fair value. Nusatama Berkah Tbk PT 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 Nusatama Berkah Tbk PT (NTBK)?
The closing price on Oct 30, 2026 was 45.00 IDR. Our model-based fair value is 12.61 IDR, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nusatama Berkah Tbk PT right now?
The price sits above even our optimistic bull case (17.12 IDR). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (8.11 IDR to 17.12 IDR) leaves room in how you read the outcome.
Key figures of Nusatama Berkah Tbk PT
How large is the market capitalisation of Nusatama Berkah Tbk PT (NTBK)?
The market capitalisation of Nusatama Berkah Tbk PT is 122B IDR (≈ $6.7M). 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 Nusatama Berkah Tbk PT (NTBK)?
The price-to-sales ratio of Nusatama Berkah Tbk PT is 1.47 (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 Nusatama Berkah Tbk PT (NTBK)?
Earnings per share at Nusatama Berkah Tbk PT are 0.2240 IDR (price ÷ EPS = P/E 200.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nusatama Berkah Tbk PT (NTBK)?
The dividend yield of Nusatama Berkah Tbk PT is 0.1% (payout 21.2%). 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 Nusatama Berkah Tbk PT (NTBK)?
The net margin of Nusatama Berkah Tbk PT is 0.7% (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 Nusatama Berkah Tbk PT (NTBK)?
The return on equity (ROE) of Nusatama Berkah Tbk PT is −4.7% (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 Nusatama Berkah Tbk PT (NTBK)?
On an EBIT basis the return on assets of Nusatama Berkah Tbk PT is 2.4% (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 Nusatama Berkah Tbk PT (NTBK)?
The operating margin of Nusatama Berkah Tbk PT is 17.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nusatama Berkah Tbk PT (NTBK)?
Revenue at Nusatama Berkah Tbk PT is growing −57.5% versus a year earlier (3y avg −1.8%). 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 Nusatama Berkah Tbk PT (NTBK)?
Earnings per share at Nusatama Berkah Tbk PT are growing +493% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nusatama Berkah Tbk PT (NTBK) generate?
The free cash flow of Nusatama Berkah Tbk PT is −20.3B 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 Nusatama Berkah Tbk PT (NTBK) carry?
The net debt of Nusatama Berkah Tbk PT is 6.5B 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.
Free · no account needed
Watch Nusatama Berkah Tbk PT in the live analysis
One click puts Nusatama Berkah Tbk PT on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 1, 2026