PT Kalbe Farma Tbk. (PTKFF) fair value: what the stock is really worth
We calculate from audited financials what PT Kalbe Farma Tbk. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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PT Kalbe Farma Tbk.
PTKFF · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
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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 13, 2026.
How to read this chart
60‑month range $0.0099 – $0.1451 · fair‑value band $0.0669 – $0.1140 · the $0.0524 price screens below the $0.0931 fair value. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
PT Kalbe Farma Tbk., together with its subsidiaries, engages in the development, manufacture, and trading of pharmaceutical products in Indonesia. It operates through Prescription Pharmaceuticals; Consumer Health; Nutritionals; and Distribution and Logistic segments.
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PT Kalbe Farma Tbk., together with its subsidiaries, engages in the development, manufacture, and trading of pharmaceutical products in Indonesia. It operates through Prescription Pharmaceuticals; Consumer Health; Nutritionals; and Distribution and Logistic segments. The company provides prescription/ethical; consumer health; nutritionals; distribution and logistics; health services; medical devices; biopharma; animal health; international business, and E-health products. In addition, the company provides health screening services; operates as an agent and representative for biotechnology products; distributes consumer products, medical equipment, cosmetics, and other trading products; and trades in medical and laboratory equipment and supplies, raw materials for pharmaceutical products, and consumable products for hemodialysis therapy, as well as offers advertising services. The company was incorporated in 1966 and is headquartered in Jakarta, Indonesia.
Stock analysis
PT Kalbe Farma Tbk., (PTKFF) currently trades at $0.0524, while our model-based Fair Value estimate is $0.0931, implying the stock looks roughly 43.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $0.1002 per share, and 20 of the 24 models we run sit above the $0.0524 price.
Bear case: the Asset-Based group reads lowest at $0.0247, and 4 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.0669 (bear) to $0.1140 (bull), the price of $0.0524 sits below 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 74/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
PT Kalbe Farma Tbk., reported revenue of 35.3T IDR in FY2025 versus 26.3T IDR in FY2021, a compound +7.7%/yr. Reported net income was 3.7T IDR in FY2025, compounding +3.6%/yr from FY2021.
Key figures
Market cap $2.4B · Net margin 10.4% · Return on equity 14.4% · Return on assets (EBIT) 14.9% · Revenue (TTM) 34.4T IDR · Revenue growth (YoY) +10.1% · EPS growth (YoY) −3.5% · Free cash flow 2.5T IDR.
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 43% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 1% fair-value upside, at 78%, PTKFF screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 29
Revenue & earnings trend
Growth Forecast
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Compare PT Kalbe Farma Tbk., with another stock
Price, fair value, quality and upside side by side.
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.Drug Manufacturers - General · 72 stocks
Valuation Multiplesvs Drug Manufacturers - General median · lower = cheaper
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Eli Lilly and Company LLY | $1,116 | $778.94 | −30% |
| Johnson & Johnson, JNJ | $265.58 | $169.04 | −36% |
| AbbVie Inc ABBV | $257.12 | $259.66 | +1% |
| Roche Holding RO | CHF 352.60 | CHF 306.54 | −13% |
| Merck & Co MRK | €124.22 | €101.89 | −18% |
| Novartis AG NVS | $137.16 | $138.70 | +1% |
| Novo Nordisk A/S NOVOB | kr 276.45 | kr 409.46 | +48% |
| Amgen Inc AMGN | $377.35 | $415.09 | +10% |
| Gilead Sciences, Inc GILD | $143.72 | $198.51 | +38% |
| Pfizer Inc PFE | $27.72 | $20.39 | −26% |
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Frequently asked questions
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