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PT Pakuwon Jati Tbk (PWON) Fair Value & Analysis

Real Estate · ID · Market cap 12.5T IDR

PP PT Pakuwon Jati Tbk PWON · JK
Price264.00 IDR
Fair Value650.00 IDR
Upside+146.2%
Quality68/100
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Healthy Growth
Highly profitable · 33.8% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 66/100
Evidence: Medium Range 487.50 IDR – 912.69 IDR Share as image

Fair value as of: Jul 15, 2026

From 16 valuation models · updated 25 days ago

Fair value updated Jul 15, 2026, revised from 615.00 IDR to 650.00 IDR (+5.7%) since Jun 26, 2026. Share price +3.9% over the past month.

A solid business, screening 146% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (487.50 IDR). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (487.50 IDR to 912.69 IDR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

523.71 IDR 229.31 IDR Fair Value 650.00 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 229.31 IDR – 523.71 IDR · fair‑value band 487.50 IDR – 912.69 IDR · the 264.00 IDR price screens below the 650.00 IDR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

PT Pakuwon Jati Tbk (PWON) currently trades at 264.00 IDR, while our model-based Fair Value estimate is 650.00 IDR, implying the stock looks roughly 146.2% undervalued today. The Quality Score stands at 68/100 (solid 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: medium), always confirm before acting.

Over the trailing twelve months, PT Pakuwon Jati Tbk generated revenue of 7.2T IDR at a net margin of 33.8%. Revenue grew 5.8% year over year. It earns a return on equity of 11.0%. Net debt stands at 396B IDR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 487.50 IDR (bear case) to 912.69 IDR (bull case); at 264.00 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 40% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 146%, PWON 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 BearBaseBull Evidence
Highest evidence
Growth DCF 742.67 IDR 1,370 IDR 2,517 IDR 80
Residual Income 421.31 IDR 480.51 IDR 898.19 IDR 76
Rev-Margin DCF 607.84 IDR 1,062 IDR 1,658 IDR 74
All 16 models by family
DCF Models
FCF DCF 748.50 IDR 1,429 IDR 2,690 IDR 38
5Y Revenue Exit 607.84 IDR 1,074 IDR 1,710 IDR 39
5Y EBITDA Exit 857.77 IDR 1,596 IDR 2,536 IDR 41
10Y Revenue Exit 627.71 IDR 1,096 IDR 1,823 IDR 36
10Y EBITDA Exit 818.41 IDR 1,491 IDR 2,539 IDR 37
Dividend Discount
Gordon GGM 124.83 IDR 272.52 IDR 458.53 IDR 70
DDM Multi-Stage 124.83 IDR 223.24 IDR 284.01 IDR 61
Multiples
P/S Multiple 621.12 IDR 828.16 IDR 1,035 IDR 58
P/B Multiple 621.12 IDR 828.16 IDR 1,035 IDR 55
EV/EBIT 1,000 IDR 1,337 IDR 1,673 IDR 53
EV/EBITDA 973.56 IDR 1,301 IDR 1,628 IDR 54
EV/Revenue 548.15 IDR 786.54 IDR 1,025 IDR 43
Asset-Based
NCAV (Graham) 233.28 IDR 312.60 IDR 466.56 IDR 50
Growth DCF
Growth DCF 742.67 IDR 1,370 IDR 2,517 IDR 80
Rev-Margin DCF 607.84 IDR 1,062 IDR 1,658 IDR 74
Economic Profit
Residual Income 421.31 IDR 480.51 IDR 898.19 IDR 76

Widest divergence: DCF Models (1,429 IDR) versus Dividend Discount (223.24 IDR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 7.2T IDR
Revenue growth (YoY) +5.8%
Net margin 33.8%
Return on equity 11.0%
Free cash flow 2.6T IDR FY2025
P/E ratio 4.8
More key figures
Operating margin 43.3%
EPS (TTM) 50.56 IDR
EPS growth (YoY) +29.3%
Net debt 396B IDR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 35

Profitability 44
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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 Pakuwon Jati Tbk operates as a real estate developer in Indonesia. It operates through Shopping, Office Center, and Service Apartments; Residential and Office Building for Sale; Hospitality; and Construction segments.

Full company description

PT Pakuwon Jati Tbk operates as a real estate developer in Indonesia. It operates through Shopping, Office Center, and Service Apartments; Residential and Office Building for Sale; Hospitality; and Construction segments. The company engages in space rental, hotel operations, construction, land acquisition, property development, marketing, and operational management activities. Its property portfolio comprises shopping malls and retail shopping centers, residential properties, office buildings, and hospitality developments, as well as condominiums, hotels, and serviced apartments. The company was founded in 1982 and is based in Surabaya, Indonesia. PT Pakuwon Jati Tbk operates as a subsidiary of PT. Pakuwon Arthaniaga.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Pakuwon Jati Tbk reported revenue of 7.1T IDR in FY2025 versus 5.7T IDR in FY2021, a compound +5.6%/yr. Reported net income was 2.3T IDR in FY2025, compounding +14.1%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
7.1T IDR
Latest YoY
+6.6%
Avg. growth/yr (3Y)
+5.9%
Avg. growth/yr (5Y)
+12.3%
Avg. growth/yr (25Y)
+16.5%
Revenue +5.6%/yr
FY21 5.7T IDR
FY22 6.0T IDR
FY23 6.2T IDR
FY24 6.7T IDR
FY25 7.1T IDR
Net income +14.1%/yr
FY21 1.4T IDR
FY22 1.5T IDR
FY23 2.1T IDR
FY24 2.1T IDR
FY25 2.3T IDR

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Cite: Fair Value Calculator (2026). "PT Pakuwon Jati Tbk Fair Value". https://www.fairvalue-calculator.com/stock/PWON

Peer Group

Real Estate - Diversified · 138 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 69 · Top 25%
Fair Value upside +146% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 34% · Above median
Operating margin (TTM) 43% · Above median
Revenue growth 6% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.25× · Lower than median

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/E (TTM) 5.1× · Cheaper than 75% of peers
P/B 0.56× · Pricier than median
P/S (TTM) 1.74× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.4× · 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 46
FUTURE 29 · sector 33
PAST 44 · sector 17
HEALTH 88 · sector 75
DIVIDEND 0 · sector 45

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 - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

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Frequently asked questions

Is PT Pakuwon Jati Tbk (PWON) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 650.00 IDR versus a price of 264.00 IDR, about +146% (undervalued).
What is the fair value of PWON?
Our model-based fair value for PT Pakuwon Jati Tbk is 650.00 IDR (as of Jul 15, 2026), built from audited fundamentals. The current price is 264.00 IDR.
What is the quality score of PWON?
PT Pakuwon Jati Tbk has a Quality Score of 68/100. 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 Pakuwon Jati Tbk (PWON)?
PT Pakuwon Jati Tbk reported trailing-twelve-month revenue of about 7.2T IDR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of PWON?
The net profit margin of PT Pakuwon Jati Tbk is about 33.8%, meaning it keeps roughly 33.8% 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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