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PT Provident Investasi Bersama Tbk, a holding company, (PALM) Fair Value & Analysis

Financial Services · ID · Market cap 4.6T IDR

PP PT Provident Investasi Bersama Tbk, a holding company, PALM · JK
Price292.00 IDR
Fair Value499.80 IDR
Upside+71.2%
Quality64/100
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Weak Growth
Highly profitable · 92.8% net margin
Moderate debt · generates free cash flow
1.10% dividend yield
Ranks above peers (12/14)
Wide moat 92/100
Evidence: High Range 374.85 IDR – 624.75 IDR Share as image

Fair value as of: Jul 14, 2026

From 2 valuation models · updated 27 days ago

Share price +0.7% over the past month.

A solid business, screening 71% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (374.85 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) 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)

1,163 IDR 259.30 IDR Fair Value 499.80 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 259.30 IDR – 1,163 IDR · fair‑value band 374.85 IDR – 624.75 IDR · the 292.00 IDR price screens below the 499.80 IDR fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

PT Provident Investasi Bersama Tbk, a holding company, (PALM) currently trades at 292.00 IDR, while our model-based Fair Value estimate is 499.80 IDR, implying the stock looks roughly 71.2% undervalued today. The Quality Score stands at 64/100 (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 Provident Investasi Bersama Tbk, a holding company, generated revenue of 6.0T IDR at a net margin of 92.8%. Revenue grew 296.3% year over year. It earns a return on equity of 102.3%. Net debt stands at 2.9T IDR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 374.85 IDR (bear case) to 624.75 IDR (bull case); at 292.00 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 41% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 71%, PALM 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 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
P/B Multiple 240.68 IDR 320.91 IDR 401.14 IDR 55
NCAV (Graham) 188.77 IDR 252.95 IDR 377.54 IDR 50
All 2 models by family
Multiples
P/B Multiple 240.68 IDR 320.91 IDR 401.14 IDR 55
Asset-Based
NCAV (Graham) 188.77 IDR 252.95 IDR 377.54 IDR 50

Widest divergence: Multiples (320.91 IDR) versus Asset-Based (252.95 IDR). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) 6.0T IDR
Revenue growth (YoY) +296%
Net margin 92.8%
Return on equity 102%
Free cash flow 837B IDR FY2025
P/E ratio 0.8
More key figures
Operating margin 99.6%
EPS (TTM) 355.60 IDR
Dividend yield 1.1%
EPS growth (YoY) +260%
Net debt 2.9T IDR FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 61 · Market factors (momentum, volatility) 31

Profitability 61
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 0
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 Provident Investasi Bersama Tbk, a holding company, engages in direct or indirect investment through subsidiaries. It owns an investment portfolio in natural resources and logistics.

Full company description

PT Provident Investasi Bersama Tbk, a holding company, engages in direct or indirect investment through subsidiaries. It owns an investment portfolio in natural resources and logistics. It is also involved in the mining of gold, silver, copper, nickel, and other important minerals; nickel mining and other minerals, processing, and other related businesses; provides real estate development, warehousing, storage facilities. The company was formerly known as PT Provident Agro Tbk and changed its name to PT Provident Investasi Bersama Tbk in September 2022. PT Provident Investasi Bersama Tbk was founded in 2006 and is headquartered in Jakarta, Indonesia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Provident Investasi Bersama Tbk, a holding company, reported revenue of 131B IDR in FY2025 versus 317B IDR in FY2021, a compound −19.8%/yr. Reported net income was 1.8T IDR in FY2025, compounding −2.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
131B IDR
Avg. growth/yr (3Y) 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.
−23.1%
Avg. growth/yr (5Y) 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.
−11.3%
Avg. growth/yr (15Y) 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.
−2.9%
Revenue −19.8%/yr
FY21 317B IDR
FY22 288B IDR
FY23 −3.1T IDR
FY24 −1.6T IDR
FY25 131B IDR
Net income −2.1%/yr
FY21 2.0T IDR
FY22 240B IDR
FY23 −3.3T IDR
FY24 −2.0T IDR
FY25 1.8T IDR

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Cite: Fair Value Calculator (2026). "PT Provident Investasi Bersama Tbk, a holding company, Fair Value". https://www.fairvalue-calculator.com/stock/PALM

Peer Group

Asset Management · 971 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 64 · Above median
Fair Value upside +71% · Top 25%
Return on equity (TTM) 102% · Top 25%
Return on assets 40% · Top 25%
Net margin (TTM) 93% · Top 25%
Operating margin (TTM) 100% · Top 25%
Revenue growth 296% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 0.8× · Cheaper than 75% of peers
P/B 0.77× · Cheaper than median
P/S (TTM) 0.76× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.2× · 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 37
FUTURE 100 · sector 6
PAST 100 · sector 26
HEALTH 73 · sector 95
DIVIDEND 22 · sector 69

Insider activity: 40/100

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is PT Provident Investasi Bersama Tbk, a holding company, (PALM) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 499.80 IDR versus a price of 292.00 IDR, about +71% (undervalued).
What is the fair value of PALM?
Our model-based fair value for PT Provident Investasi Bersama Tbk, a holding company, is 499.80 IDR (as of Jul 14, 2026), built from audited fundamentals. The current price is 292.00 IDR.
What is the quality score of PALM?
PT Provident Investasi Bersama Tbk, a holding company, has a Quality Score of 64/100. 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 Provident Investasi Bersama Tbk, a holding company, (PALM)?
PT Provident Investasi Bersama Tbk, a holding company, reported trailing-twelve-month revenue of about 6.0T IDR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of PALM?
The net profit margin of PT Provident Investasi Bersama Tbk, a holding company, is about 92.8%, meaning it keeps roughly 92.8% of revenue as net income. Based on the latest reported figures.
Does PT Provident Investasi Bersama Tbk, a holding company, pay a dividend?
PT Provident Investasi Bersama Tbk, a holding company, currently shows a dividend yield of about 1.10% relative to its recent price (as of Jul 14, 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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