Bank Panin Syariah Tbk (PNBS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bank Panin Syariah Tbk IDR 39, price IDR 50, upside -21.1%, quality 57 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 50.00 IDR – 158.00 IDR · fair‑value band 37.97 IDR – 39.43 IDR · the 50.00 IDR price screens above the 39.43 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 Panin Dubai Syariah Tbk operates as a sharia commercial bank for retail, commercial, and corporate customers in Indonesia. The company accepts demand, time, current, savings, certificate of deposits, and other forms of deposits.
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PT Bank Panin Dubai Syariah Tbk operates as a sharia commercial bank for retail, commercial, and corporate customers in Indonesia. The company accepts demand, time, current, savings, certificate of deposits, and other forms of deposits. It also provides working capital, investment, and consumer finance; and multi-services, as well as transfer, and ATM services. It operates through a network of branch offices. The company was formerly known as PT Bank Panin Syariah Tbk and changed its name to PT Bank Panin Dubai Syariah Tbk in July 2016. PT Bank Panin Dubai Syariah Tbk was founded in 1972 and is headquartered in Jakarta, Indonesia. PT Bank Panin Dubai Syariah Tbk is a subsidiary of PT Bank Pan Indonesia Tbk.
Stock analysis
Bank Panin Syariah Tbk (PNBS) currently trades at 50.00 IDR, while our model-based Fair Value estimate is 39.43 IDR, implying the stock looks roughly 26.8% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 51.30 IDR per share, and 1 of the 4 models we run sit above the 50.00 IDR price.
Bear case: the Multiples group reads lowest at 6.70 IDR, and 3 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 37.97 IDR (bear) to 39.43 IDR (bull), the price of 50.00 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 57/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank Panin Syariah Tbk reported revenue of 1.3T IDR in FY2025 versus 414B IDR in FY2021, a compound +32.0%/yr. Reported net income was 20.0B IDR in FY2025.
Key figures
Market cap 1.9T IDR (≈ $108M) · P/E ratio 34.0 · P/S ratio 0.54 · EPS (TTM) 1.47 IDR · Net margin 1.6% · Return on equity 1.9% · Return on assets (EBIT) −0.4% · Operating margin 31.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −21%, PNBS screens cheaper than that median.
Fair Value models
Bear 37.97 IDRFair Value 39.43 IDRBull 39.43 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 (1.08 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+169.5%
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.
+29.0%
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.
+51.3%
Start year 2020 (pandemic). Over 10 years: +14.9% 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.
+27.4%
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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. 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.
+13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.2%
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.13% vs −21%, 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.4% → 2%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 7.1%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−21% · Below median
Profitability
Return on equity (TTM)2% · Bottom 25%
Return on assets0% · Bottom 25%
Net margin (TTM)12% · Bottom 25%
Operating margin (TTM)32% · Below median
Growth and dividend
Revenue growth47% · Top 25%
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Is Bank Panin Syariah Tbk (PNBS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 39.43 IDR versus a price of 50.00 IDR, about −21% upside (overvalued).
What is the fair value of PNBS?
Our model-based fair value for Bank Panin Syariah Tbk is 39.43 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 50.00 IDR.
What is the quality score of PNBS?
Bank Panin Syariah Tbk has a Quality Score of 57/100. 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 Panin Syariah Tbk (PNBS)?
Our model-based price target is the fair value of 39.43 IDR (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 37.97 IDR, optimistic scenario 39.43 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank Panin Syariah Tbk stock forecast for 2026?
Our models put fair value at 39.43 IDR, about −21% upside versus a price of 50.00 IDR (overvalued). Cautious scenario 37.97 IDR, optimistic scenario 39.43 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Bank Panin Syariah Tbk (PNBS)?
Bank Panin Syariah Tbk reported trailing-twelve-month revenue of about 466B IDR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Bank Panin Syariah Tbk (PNBS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank Panin Syariah Tbk it is 39.43 IDR per share (as of Sep 24, 2026), against a price of 50.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank Panin Syariah Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PNBS trades above its calculated fair value: price 50.00 IDR, fair value 39.43 IDR, a gap of about −21% (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 PNBS?
No. The price is what the market pays today (50.00 IDR); the fair value is what the company's own numbers justify (39.43 IDR). For Bank Panin Syariah Tbk the two are 10.57 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank Panin Syariah Tbk worth?
The market values Bank Panin Syariah Tbk at about 1.9T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 50.00 IDR; our models calculate a fair value of 39.43 IDR per share.
What do the bullish and bearish scenarios say about PNBS?
Our models span a range for Bank Panin Syariah Tbk: cautious scenario 37.97 IDR, base 39.43 IDR, optimistic 39.43 IDR per share (as of Sep 24, 2026, price 50.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PNBS?
Bank Panin Syariah Tbk trades at a price-to-earnings ratio of 34.0 (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 39.43 IDR is built from several models across several years. Other multiples: P/B 0.7, P/S 4.2, EV/EBITDA 12.9.
How solid is the balance sheet of Bank Panin Syariah Tbk (PNBS)?
Balance-sheet figures for Bank Panin Syariah Tbk (as of Sep 24, 2026): return on equity 1.9%, debt of 0.05 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is PNBS from its 52-week high?
Bank Panin Syariah Tbk trades at 50.00 IDR, about 18% below its 52-week high of 61.00 IDR and at the low of 50.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 39.43 IDR is for.
Which stocks are comparable to Bank Panin Syariah Tbk?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Panin Syariah Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 50.00 IDR, calculated fair value 39.43 IDR (−21%), Quality Score 57/100, 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 PNBS calculated?
We run Bank Panin Syariah 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 39.43 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 14.0 % above its aggregate fair value. Bank Panin Syariah 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 Panin Syariah Tbk (PNBS)?
The closing price on Sep 24, 2026 was 50.00 IDR. Our model-based fair value is 39.43 IDR, about −21% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank Panin Syariah Tbk right now?
The price sits above even our optimistic bull case (39.43 IDR). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (37.97 IDR to 39.43 IDR), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Bank Panin Syariah Tbk (PNBS) come from?
Earnings per share at Bank Panin Syariah Tbk grew −5.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.6 %, EBIT margin −3.4 %, tax rate +2.7 %, 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 Panin Syariah Tbk
How large is the market capitalisation of Bank Panin Syariah Tbk (PNBS)?
The market capitalisation of Bank Panin Syariah Tbk is 1.9T IDR (≈ $108M). 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 Panin Syariah Tbk (PNBS)?
The price-to-sales ratio of Bank Panin Syariah Tbk is 0.54 (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 Panin Syariah Tbk (PNBS)?
Earnings per share at Bank Panin Syariah Tbk are 1.47 IDR (price ÷ EPS = P/E 34.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bank Panin Syariah Tbk (PNBS)?
The net margin of Bank Panin Syariah Tbk is 1.6% (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 Panin Syariah Tbk (PNBS)?
The return on equity (ROE) of Bank Panin Syariah Tbk is 1.9% (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 Panin Syariah Tbk (PNBS)?
On an EBIT basis the return on assets of Bank Panin Syariah Tbk is −0.4% (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 Bank Panin Syariah Tbk (PNBS)?
The operating margin of Bank Panin Syariah Tbk is 31.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bank Panin Syariah Tbk (PNBS)?
Revenue at Bank Panin Syariah Tbk is growing +46.9% versus a year earlier (3y avg +29.0%). 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 Panin Syariah Tbk (PNBS)?
Earnings per share at Bank Panin Syariah Tbk are growing +284% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bank Panin Syariah Tbk (PNBS) generate?
The free cash flow of Bank Panin Syariah Tbk is 3.6T 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 cash does Bank Panin Syariah Tbk (PNBS) hold?
Bank Panin Syariah Tbk holds more cash than debt, 1.4T IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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