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PT Graha Mitra Asia Tbk (RELF) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of PT Graha Mitra Asia Tbk IDR 10, price IDR 42, upside -76.3%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Real Estate · ID

PG Thin data Sep 24, 2026

PT Graha Mitra Asia Tbk

RELF · JK

Weakest SetupStrongly overvalued and low quality.

!Fair value 9.94 IDR · Strongly overvalued (−76%)
!Quality 50/100
!Mixed Growth (revenue 3y +29.2 %/yr)
✓Highly profitable · 21.6% net margin (TTM)
✓Low debt
✓Ranks above peers (7/10)
!Moderate moat 57/100
!Evidence only low, so the estimate is less certain
!Weak on past: 14 out of 100
!Weak on dividend: 13 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

209.76 IDR 12.80 IDR Fair Value 9.94 IDR Jun 2023 Sep 2026

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

39‑month range 12.80 IDR – 209.76 IDR · fair‑value band 5.17 IDR – 15.70 IDR · the 42.00 IDR price screens above the 9.94 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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Company profile

PT Graha Mitra Asia Tbk provides real estate and property development services in Indonesia. The company provides real estate agency, real estate brokers, and intermediaries for buying, selling, leasing real estate on a fee or contract basis; real estate management services; and real estate appraisal services, as well as real estate probate agent services.

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PT Graha Mitra Asia Tbk provides real estate and property development services in Indonesia. The company provides real estate agency, real estate brokers, and intermediaries for buying, selling, leasing real estate on a fee or contract basis; real estate management services; and real estate appraisal services, as well as real estate probate agent services. PT Graha Mitra Asia Tbk was founded in 2018 and is headquartered in Bogor, Indonesia.

Stock analysis

PT Graha Mitra Asia Tbk (RELF) currently trades at 42.00 IDR, while our model-based Fair Value estimate is 9.94 IDR, implying the stock looks roughly 322.5% overvalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of 29.79 IDR per share, and 0 of the 13 models we run sit above the 42.00 IDR price.

Bear case: the Dividend Discount group reads lowest at 2.65 IDR, and 13 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: 5.17 IDR (bear) to 15.70 IDR (bull), the price of 42.00 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 50/100 (solid quality), in the Real Estate sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

PT Graha Mitra Asia Tbk reported revenue of 39.6B IDR in FY2025 versus 18.3B IDR in FY2022, a compound +29.2%/yr. Reported net income was 8.6B IDR in FY2025, compounding +24.0%/yr from FY2022.

Key figures

Market cap 241B IDR (≈ $24.1M) · P/S ratio 5.07 · Dividend yield 0.6% · Net margin 21.6% · Return on equity 3.6% · Return on assets (EBIT) 3.5% · Operating margin 25.3% · Revenue (TTM) 39.6B 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 47% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −76%, RELF screens richer than that median.

Fair Value models

Bear 5.17 IDR Fair Value 9.94 IDR Bull 15.70 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. 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.
Highest evidence
FCF DCF 3.01 IDR 4.98 IDR 7.96 IDR 75
Growth DCF 3.18 IDR 5.05 IDR 7.73 IDR 74
Residual Income 30.78 IDR 29.79 IDR 25.27 IDR 73
All 13 models by family
DCF Models
FCF DCF 3.01 IDR 4.98 IDR 7.96 IDR 75
5Y Revenue Exit 8.20 IDR 14.58 IDR 22.96 IDR 68
10Y Revenue Exit 5.70 IDR 10.90 IDR 17.19 IDR 62
Dividend Discount
Gordon GGM 1.93 IDR 2.66 IDR 3.37 IDR 66
DDM Multi-Stage 1.93 IDR 2.65 IDR 3.47 IDR 64
Multiples
P/S Multiple 19.04 IDR 25.39 IDR 31.73 IDR 58
P/B Multiple 19.04 IDR 25.39 IDR 31.73 IDR 55
EV/EBIT 24.63 IDR 33.65 IDR 42.68 IDR 66
EV/Revenue 12.49 IDR 18.89 IDR 25.29 IDR 53
Asset-Based
NCAV (Graham) 21.36 IDR 28.62 IDR 42.72 IDR 54
Growth DCF
Growth DCF 3.18 IDR 5.05 IDR 7.73 IDR 74
Rev-Margin DCF 8.20 IDR 14.61 IDR 21.66 IDR 68
Economic Profit
Residual Income 30.78 IDR 29.79 IDR 25.27 IDR 73

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Quality Score breakdown

Overall quality 50/100

Of which business quality 46 · Market factors (momentum, volatility) 38

Profitability 32
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−17.7%
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.
+29.2%
What shareholders gained per year (last 3 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 3 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.
+5.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.6%
Dividend (yield on the price)0.6%
Profit margin 2022 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.28% → 24%

RELF screens 322% overvalued. Compare with Sun Hung Kai Properties Limited →

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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.Real Estate - Development · 578 stocks

Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 48 · Above median
Fair Value upside −76% · Bottom 25%
Profitability
Return on equity (TTM) 4% · Above median
Return on assets 2% · Above median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 25% · Top 25%
Growth and dividend
Revenue growth −31% · Below median
Dividend yield (TTM) 0.6% · Bottom 25%
Balance sheet
Debt / equity 0.08× · Lowest 25%

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

EV/EBITDA 1.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 47
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)14 · sector 11
HEALTH (low debt)96 · sector 83
DIVIDEND (yield)13 · sector 56

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$109.10 HK$147.78 +35%
China Resources Land Limited 1109 HK$29.62 HK$74.05 +150%
Vinhomes Joint Stock Company VHM 68,200 VND 112,796 VND +65%
CK Asset Holdings 1113 HK$46.44 HK$71.69 +54%
Hongkong Land Holdings H78 $8.74 $1.52 −83%
DLF Limited DLF ₹675.00 ₹167.21 −75%
China Overseas Land & Investment Limited 0688 HK$12.43 HK$22.35 +80%
Lodha Developers Limited LODHA ₹1,163 ₹275.95 −76%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,075 IDR 1,325 IDR −74%
Poly Developments and Holdings 600048 ¥5.64 ¥14.10 +150%

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Cite: Fair Value Calculator (2026). "PT Graha Mitra Asia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/RELF

Frequently asked questions

Is PT Graha Mitra Asia Tbk (RELF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 9.94 IDR versus a price of 42.00 IDR, about −76% upside (overvalued).
What is the fair value of RELF?
Our model-based fair value for PT Graha Mitra Asia Tbk is 9.94 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 42.00 IDR.
What is the quality score of RELF?
PT Graha Mitra Asia Tbk has a Quality Score of 50/100. 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 Graha Mitra Asia Tbk (RELF)?
Our model-based price target is the fair value of 9.94 IDR (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 5.17 IDR, optimistic scenario 15.70 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Graha Mitra Asia Tbk stock forecast for 2026?
Our models put fair value at 9.94 IDR, about −76% upside versus a price of 42.00 IDR (overvalued). Cautious scenario 5.17 IDR, optimistic scenario 15.70 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Graha Mitra Asia Tbk (RELF)?
PT Graha Mitra Asia Tbk reported trailing-twelve-month revenue of about 39.6B IDR (latest available figure, as of Sep 24, 2026).
Does PT Graha Mitra Asia Tbk pay a dividend?
PT Graha Mitra Asia Tbk currently shows a dividend yield of about 0.63% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of PT Graha Mitra Asia Tbk (RELF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Graha Mitra Asia Tbk it is 9.94 IDR per share (as of Sep 24, 2026), against a price of 42.00 IDR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is PT Graha Mitra Asia Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, RELF trades above its calculated fair value: price 42.00 IDR, fair value 9.94 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 RELF?
No. The price is what the market pays today (42.00 IDR); the fair value is what the company's own numbers justify (9.94 IDR). For PT Graha Mitra Asia Tbk the two are 32.06 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Graha Mitra Asia Tbk worth?
The market values PT Graha Mitra Asia Tbk at about 241B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 42.00 IDR; our models calculate a fair value of 9.94 IDR per share.
What do the bullish and bearish scenarios say about RELF?
Our models span a range for PT Graha Mitra Asia Tbk: cautious scenario 5.17 IDR, base 9.94 IDR, optimistic 15.70 IDR per share (as of Sep 24, 2026, price 42.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Graha Mitra Asia Tbk (RELF)?
Balance-sheet figures for PT Graha Mitra Asia Tbk (as of Sep 24, 2026): return on equity 3.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is RELF from its 52-week high?
PT Graha Mitra Asia Tbk trades at 42.00 IDR, about 47% below its 52-week high of 78.59 IDR and 31% above the low of 32.00 IDR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 9.94 IDR is for.
Which stocks are comparable to PT Graha Mitra Asia Tbk?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Graha Mitra Asia Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 42.00 IDR, calculated fair value 9.94 IDR (−76%), Quality Score 50/100, from 13 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 RELF calculated?
We run PT Graha Mitra Asia Tbk through 13 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 9.94 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 14.1 % above its aggregate fair value. PT Graha Mitra Asia 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 Graha Mitra Asia Tbk (RELF)?
The closing price on Sep 23, 2026 was 42.00 IDR. Our model-based fair value is 9.94 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 Graha Mitra Asia Tbk right now?
The price sits above even our optimistic bull case (15.70 IDR). The favourable scenario is already priced in. The model range is unusually wide (5.17 IDR to 15.70 IDR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of PT Graha Mitra Asia Tbk

How large is the market capitalisation of PT Graha Mitra Asia Tbk (RELF)?
The market capitalisation of PT Graha Mitra Asia Tbk is 241B IDR (≈ $24.1M). 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 Graha Mitra Asia Tbk (RELF)?
The price-to-sales ratio of PT Graha Mitra Asia Tbk is 5.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of PT Graha Mitra Asia Tbk (RELF)?
The dividend yield of PT Graha Mitra Asia Tbk is 0.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PT Graha Mitra Asia Tbk (RELF)?
The net margin of PT Graha Mitra Asia Tbk is 21.6% (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 PT Graha Mitra Asia Tbk (RELF)?
The return on equity (ROE) of PT Graha Mitra Asia Tbk is 3.6% (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 Graha Mitra Asia Tbk (RELF)?
On an EBIT basis the return on assets of PT Graha Mitra Asia Tbk is 3.5% (avg 4y). 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 Graha Mitra Asia Tbk (RELF)?
The operating margin of PT Graha Mitra Asia Tbk is 25.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Graha Mitra Asia Tbk (RELF)?
Revenue at PT Graha Mitra Asia Tbk is growing −30.8% versus a year earlier (3y avg +29.2%). 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 Graha Mitra Asia Tbk (RELF)?
Earnings per share at PT Graha Mitra Asia Tbk are growing −40.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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