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PT Pembangunan Perumahan Properti Tbk, (PPRO) Fair Value & Analysis

Real Estate · ID · Market cap 1.0T IDR

PP PT Pembangunan Perumahan Properti Tbk, PPRO · JK
Price18.00 IDR
Fair Value42.50 IDR
Upside+136.1%
Quality34/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (3/8)
Narrow moat 5/100
Evidence: Low Range 28.05 IDR – 53.12 IDR Share as image

Fair value as of: Jul 16, 2026

From 1 valuation models · updated 25 days ago

Below-average quality, screening 136% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (28.05 IDR). The market is more pessimistic than our downside scenario.
  • 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 (28.05 IDR to 53.12 IDR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

93.00 IDR 7.00 IDR Fair Value 42.50 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 7.00 IDR – 93.00 IDR · fair‑value band 28.05 IDR – 53.12 IDR · the 18.00 IDR price screens below the 42.50 IDR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PT Pembangunan Perumahan Properti Tbk, (PPRO) currently trades at 18.00 IDR, while our model-based Fair Value estimate is 42.50 IDR, implying the stock looks roughly 136.1% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Real Estate 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at 337B IDR. Revenue grew 22.0% year over year. It earns a return on equity of -56.3%. Net debt stands at 929B IDR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 28.05 IDR (bear case) to 53.12 IDR (bull case); at 18.00 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 55% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 136%, PPRO 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
NCAV (Graham) 45.18 IDR 60.53 IDR 90.35 IDR 50
All 1 models by family
Asset-Based
NCAV (Graham) 45.18 IDR 60.53 IDR 90.35 IDR 50

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Key figures & financial health

Revenue (TTM) 337B IDR
Revenue growth (YoY) +22.0%
Return on equity -56.3%
Free cash flow −3.2B IDR FY2025
Operating margin -15.9%
EPS (TTM) -85.74 IDR
More key figures
EPS growth (YoY) +51.2%
Net debt 929B IDR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 37 · Market factors (momentum, volatility) 33

Profitability 0
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 20
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 Pembangunan Perumahan Properti Tbk, together with its subsidiaries, engages in real estate business in Indonesia. It operates through Realty and Property segments.

Full company description

PT Pembangunan Perumahan Properti Tbk, together with its subsidiaries, engages in real estate business in Indonesia. It operates through Realty and Property segments. The company is involved in the sale of land and/or building and apartment units under strata-title; development and management of hotel guestrooms, retail center, mall and edutainment, and restaurants. The company was founded in 2013 and is headquartered in Jakarta, Indonesia. PT Pembangunan Perumahan Properti Tbk operates as a subsidiary of PT Pembangunan Perumahan (Persero) Tbk.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Pembangunan Perumahan Properti Tbk, reported revenue of 323B IDR in FY2025 versus 862B IDR in FY2021, a compound −21.8%/yr. Reported net income was −4.8T IDR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
323B IDR
Latest YoY
−29.5%
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.
−42.6%
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.
−31.1%
Avg. growth/yr (12Y) 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.
+2.1%
Revenue −21.8%/yr
FY21 862B IDR
FY22 1.7T IDR
FY23 984B IDR
FY24 459B IDR
FY25 323B IDR
Net income
FY21 20.4B IDR
FY22 19.9B IDR
FY23 −1.3T IDR
FY24 −1.1T IDR
FY25 −4.8T IDR

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Cite: Fair Value Calculator (2026). "PT Pembangunan Perumahan Properti Tbk, Fair Value". https://www.fairvalue-calculator.com/stock/PPRO

Peer Group

Real Estate - Development · 588 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 37 · Bottom 25%
Fair Value upside +136% · Top 25%
Return on assets -20% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) -16% · Bottom 25%
Revenue growth 22% · Above median
Debt / equity 0.18× · Lower than median

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 48
FUTURE 100 · sector 0
PAST 0 · sector 10
HEALTH 91 · sector 84
DIVIDEND 0 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is PT Pembangunan Perumahan Properti Tbk, (PPRO) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 42.50 IDR versus a price of 18.00 IDR, about +136% (undervalued).
What is the fair value of PPRO?
Our model-based fair value for PT Pembangunan Perumahan Properti Tbk, is 42.50 IDR (as of Jul 16, 2026), built from audited fundamentals. The current price is 18.00 IDR.
What is the quality score of PPRO?
PT Pembangunan Perumahan Properti Tbk, has a Quality Score of 34/100. 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 Pembangunan Perumahan Properti Tbk, (PPRO)?
PT Pembangunan Perumahan Properti Tbk, reported trailing-twelve-month revenue of about 337B IDR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of PPRO?
The net profit margin of PT Pembangunan Perumahan Properti Tbk, is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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