PT Raharja Energi Cepu Tbk (RATU) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of PT Raharja Energi Cepu Tbk IDR 952, price IDR 4,040, upside -76.4%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
21‑month range 1,412 IDR – 12,011 IDR · fair‑value band 760.26 IDR – 1,020 IDR · the 4,040 IDR price screens above the 952.28 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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PT Raharja Energi Cepu Tbk, through its subsidiary, PT Raharja Energi Tanjung Jabung, engages in the mining and excavation of oil and gas business in Indonesia. The company holds a 2.2423% participating interest in the Cepu block; and 8% participating interest in the Jabung block located in the Jambi province.
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PT Raharja Energi Cepu Tbk, through its subsidiary, PT Raharja Energi Tanjung Jabung, engages in the mining and excavation of oil and gas business in Indonesia. The company holds a 2.2423% participating interest in the Cepu block; and 8% participating interest in the Jabung block located in the Jambi province. PT Raharja Energi Cepu Tbk was founded in 2006 and is based in Jakarta Pusat, Indonesia. PT Raharja Energi Cepu Tbk is a subsidiary of PT Rukun Raharja Tbk.
Stock analysis
PT Raharja Energi Cepu Tbk (RATU) currently trades at 4,040 IDR, while our model-based Fair Value estimate is 952.28 IDR, 76.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 1,418 IDR per share, and 0 of the 20 models we run sit above the 4,040 IDR price.
Bear case: the Asset-Based group reads lowest at 216.73 IDR, and 20 of the 20 models stay below the price. Evidence for this calculation is low.
Scenario range: 760.26 IDR (bear) to 1,020 IDR (bull), the price of 4,040 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 74/100 (solid quality), in the Energy sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
PT Raharja Energi Cepu Tbk reported revenue of $49.3M in FY2025 versus $0 in FY2021. Reported net income was $15.3M in FY2025, compounding +63.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 11.0T IDR (≈ $614M) · P/E ratio 27.5 · P/S ratio 8.51 · EPS (TTM) 146.88 IDR · Net margin 31.0% · Return on equity 43.2% · Return on assets (EBIT) 21.0% · Operating margin 54.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −76%, RATU screens richer than that median.
Fair Value models
Bear 760.26 IDRFair Value 952.28 IDRBull 1,020 IDR
Price 4,040 IDR · Upside -76.4%
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 (114.28 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
What shareholders gained per year (last 5 years) ⓘ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.
+48.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+48.0%
Dividend (yield on the price)0.0%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +23.5% a year for the price.
Compare PT Raharja Energi Cepu Tbk with another stock
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.Oil & Gas E&P · 274 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−76.4% · Bottom 25%
Profitability
Return on equity (TTM)43.2% · Top 25%
Return on assets10.3% · Top 25%
Net margin (TTM)44.5% · Top 25%
Operating margin (TTM)54.7% · Top 25%
Growth and dividend
Revenue growth22.9% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.19× · Below median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (TTM)27.5× · Priciest 25%
P/B12.49× · Priciest 25%
P/S (TTM)12.32× · Priciest 25%
P/FCF30.5× · Priciest 25%
EV/EBITDA21.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)100· sector 84
PAST (return on equity)100· sector 21
HEALTH (low debt)91· sector 85
DIVIDEND (yield)0· sector 70
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "PT Raharja Energi Cepu Tbk Fair Value". https://www.fairvalue-calculator.com/stock/RATU
Frequently asked questions
Is PT Raharja Energi Cepu Tbk (RATU) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 952.28 IDR versus a price of 4,040 IDR, about −76% upside (overvalued).
What is the fair value of RATU?
Our model-based fair value for PT Raharja Energi Cepu Tbk is 952.28 IDR (as of Oct 3, 2026), built from audited fundamentals. The current price: 4,040 IDR.
What is the quality score of RATU?
PT Raharja Energi Cepu Tbk has a Quality Score of 74/100. 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 PT Raharja Energi Cepu Tbk (RATU)?
Our model-based price target is the fair value of 952.28 IDR (as of Oct 3, 2026) from 20 valuation models. Cautious scenario 760.26 IDR, optimistic scenario 1,020 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Raharja Energi Cepu Tbk stock forecast for 2026?
Our models put fair value at 952.28 IDR, about −76% upside versus a price of 4,040 IDR (overvalued). Cautious scenario 760.26 IDR, optimistic scenario 1,020 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Raharja Energi Cepu Tbk (RATU)?
PT Raharja Energi Cepu Tbk reported trailing-twelve-month revenue of about $49.8M (latest available figure, as of Oct 3, 2026).
What growth is priced into PT Raharja Energi Cepu Tbk (RATU)?
For today's price to be fair in a discounted-cash-flow model, PT Raharja Energi Cepu Tbk would have to grow free cash flow by +26.4 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +2.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of RATU use?
Our models discount PT Raharja Energi Cepu Tbk at 13.5 %: a base by market capitalisation (small), country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PT Raharja Energi Cepu Tbk that is +26.4 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has PT Raharja Energi Cepu Tbk (RATU) delivered so far?
Over the past 2 years revenue at PT Raharja Energi Cepu Tbk grew +2.4 % a year. The price currently implies +26.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PT Raharja Energi Cepu Tbk (RATU) growing?
The median revenue growth in the sector is +11.1 % a year. That is the yardstick for the growth priced into PT Raharja Energi Cepu Tbk (+26.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PT Raharja Energi Cepu Tbk (RATU)?
The free-cash-flow yield on the price is 3.28 %: that much free cash flow PT Raharja Energi Cepu Tbk produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PT Raharja Energi Cepu Tbk (RATU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Raharja Energi Cepu Tbk it is 952.28 IDR per share (as of Oct 3, 2026), against a price of 4,040 IDR. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is PT Raharja Energi Cepu Tbk stock overvalued or undervalued in 2026?
As of Oct 3, 2026, RATU trades above its calculated fair value: price 4,040 IDR, fair value 952.28 IDR, a gap of about −76% (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 RATU?
No. The price is what the market pays today (4,040 IDR); the fair value is what the company's own numbers justify (952.28 IDR). For PT Raharja Energi Cepu Tbk the two are 3,088 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Raharja Energi Cepu Tbk worth?
The market values PT Raharja Energi Cepu Tbk at about 11.0T IDR (market capitalisation, as of Oct 3, 2026). Per share that is 4,040 IDR; our models calculate a fair value of 952.28 IDR per share.
What do the bullish and bearish scenarios say about RATU?
Our models span a range for PT Raharja Energi Cepu Tbk: cautious scenario 760.26 IDR, base 952.28 IDR, optimistic 1,020 IDR per share (as of Oct 3, 2026, price 4,040 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RATU?
PT Raharja Energi Cepu Tbk trades at a price-to-earnings ratio of 27.5 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 952.28 IDR is built from several models across several years. Other multiples: P/B 12.5, P/S 12.3, EV/EBITDA 21.9.
How solid is the balance sheet of PT Raharja Energi Cepu Tbk (RATU)?
Balance-sheet figures for PT Raharja Energi Cepu Tbk (as of Oct 3, 2026): return on equity 43.2%, debt of 0.19 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is RATU from its 52-week high?
PT Raharja Energi Cepu Tbk trades at 4,040 IDR, about 66% below its 52-week high of 12,011 IDR and 8% above the low of 3,730 IDR (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of 952.28 IDR is for.
Which stocks are comparable to PT Raharja Energi Cepu Tbk?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, 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 PT Raharja Energi Cepu Tbk stock attractive at the current price?
The data as of Oct 3, 2026: price 4,040 IDR, calculated fair value 952.28 IDR (−76%), Quality Score 74/100, from 20 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 RATU calculated?
We run PT Raharja Energi Cepu Tbk through 20 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 952.28 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 14.9 % above its aggregate fair value. PT Raharja Energi Cepu 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 PT Raharja Energi Cepu Tbk (RATU)?
The closing price on Oct 9, 2026 was 4,040 IDR. Our model-based fair value is 952.28 IDR, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Raharja Energi Cepu Tbk right now?
A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (1,020 IDR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of PT Raharja Energi Cepu Tbk
How large is the market capitalisation of PT Raharja Energi Cepu Tbk (RATU)?
The market capitalisation of PT Raharja Energi Cepu Tbk is 11.0T IDR (≈ $614M). 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 PT Raharja Energi Cepu Tbk (RATU)?
The price-to-sales ratio of PT Raharja Energi Cepu Tbk is 8.51 (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 PT Raharja Energi Cepu Tbk (RATU)?
Earnings per share at PT Raharja Energi Cepu Tbk are 146.88 IDR (price ÷ EPS = P/E 27.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PT Raharja Energi Cepu Tbk (RATU)?
The net margin of PT Raharja Energi Cepu Tbk is 31.0% (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 PT Raharja Energi Cepu Tbk (RATU)?
The return on equity (ROE) of PT Raharja Energi Cepu Tbk is 43.2% (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 PT Raharja Energi Cepu Tbk (RATU)?
On an EBIT basis the return on assets of PT Raharja Energi Cepu Tbk is 21.0% (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 PT Raharja Energi Cepu Tbk (RATU)?
The operating margin of PT Raharja Energi Cepu Tbk is 54.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Raharja Energi Cepu Tbk (RATU)?
Revenue at PT Raharja Energi Cepu Tbk is growing +22.9% versus a year earlier. 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 PT Raharja Energi Cepu Tbk (RATU)?
Earnings per share at PT Raharja Energi Cepu Tbk are growing +509% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PT Raharja Energi Cepu Tbk (RATU) carry?
The net debt of PT Raharja Energi Cepu Tbk is $11.6M (fiscal year 2024, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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