Jaya Sukses Makmur Sentosa Tbk PT (RISE) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Jaya Sukses Makmur Sentosa Tbk PT IDR 63, price IDR 735, upside -91.4%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PT Jaya Sukses Makmur Sentosa Tbk, together with its subsidiaries, engages in the development, service, and management of real estate properties in Indonesia. The company operates through Real Estate, Hotels, and Offices segments. It develops various property products, including apartments, residential properties, hotels, office buildings, and warehouses.
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PT Jaya Sukses Makmur Sentosa Tbk, together with its subsidiaries, engages in the development, service, and management of real estate properties in Indonesia. The company operates through Real Estate, Hotels, and Offices segments. It develops various property products, including apartments, residential properties, hotels, office buildings, and warehouses. The company was founded in 2003 and is headquartered in Sidoarjo, Indonesia. PT Jaya Sukses Makmur Sentosa Tbk operates as a subsidiary of PT Tancorp Global Sentosa.
Stock analysis
Jaya Sukses Makmur Sentosa Tbk PT (RISE) currently trades at 735.00 IDR, while our model-based Fair Value estimate is 63.27 IDR, implying the stock looks roughly 1,061.4% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 223.30 IDR per share, and 0 of the 15 models we run sit above the 735.00 IDR price.
Bear case: the Economic Profit group reads lowest at 50.68 IDR, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 38.47 IDR (bear) to 82.26 IDR (bull), the price of 735.00 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 38/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jaya Sukses Makmur Sentosa Tbk PT reported revenue of 411B IDR in FY2025 versus 249B IDR in FY2021, a compound +13.3%/yr. Reported net income was 87.2B IDR in FY2025, compounding +14.5%/yr from FY2021.
Key figures
Market cap 14.5T IDR (≈ $1.4B) · P/E ratio 70.9 · P/S ratio 15.0 · EPS (TTM) 10.37 IDR · Net margin 21.2% · Return on equity 5.6% · Return on assets (EBIT) 1.3% · Operating margin 44.3%.
What moves the price
For context, the median of 10 Real Estate peers we cover trades at −3% fair-value upside, at −91%, RISE screens richer than that median.
Fair Value models
Bear 38.47 IDRFair Value 63.27 IDRBull 82.26 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (7.59 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.3%
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.
+8.7%
Revenue growth 5 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.
+22.0%
Start year 2020 (pandemic). Over 10 years: +19.1% a year
Revenue growth 10 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.
+19.1%
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What shareholders gained per year (last 5 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 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. Basis: EBIT basis. 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.
≈ +14.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14% vs −5%, picking up
Profit margin 2020 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.−13% → 18%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 60% above its own trend.
Compare Jaya Sukses Makmur Sentosa Tbk PT 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.Real Estate - Development · 579 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−91% · Bottom 25%
Profitability
Return on equity (TTM)6% · Above median
Return on assets2% · Above median
Net margin (TTM)37% · Top 25%
Operating margin (TTM)44% · Top 25%
Growth and dividend
Revenue growth36% · Top 25%
Balance sheet
Debt / equity0.06× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (TTM)70.9× · Priciest 25%
P/B6.63× · Priciest 25%
P/S (TTM)31.74× · Priciest 25%
EV/EBITDA65.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 53
FUTURE (revenue growth)100· sector 0
PAST (return on equity)22· sector 11
HEALTH (low debt)97· sector 83
DIVIDEND (yield)0· sector 56
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). "Jaya Sukses Makmur Sentosa Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/RISE
Frequently asked questions
Is Jaya Sukses Makmur Sentosa Tbk PT (RISE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 63.27 IDR versus a price of 735.00 IDR, about −91% upside (overvalued).
What is the fair value of RISE?
Our model-based fair value for Jaya Sukses Makmur Sentosa Tbk PT is 63.27 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 735.00 IDR.
What is the quality score of RISE?
Jaya Sukses Makmur Sentosa Tbk PT has a Quality Score of 38/100. 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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
Our model-based price target is the fair value of 63.27 IDR (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 38.47 IDR, optimistic scenario 82.26 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Jaya Sukses Makmur Sentosa Tbk PT stock forecast for 2026?
Our models put fair value at 63.27 IDR, about −91% upside versus a price of 735.00 IDR (overvalued). Cautious scenario 38.47 IDR, optimistic scenario 82.26 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
Jaya Sukses Makmur Sentosa Tbk PT reported trailing-twelve-month revenue of about 457B IDR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jaya Sukses Makmur Sentosa Tbk PT it is 63.27 IDR per share (as of Sep 24, 2026), against a price of 735.00 IDR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Jaya Sukses Makmur Sentosa Tbk PT stock overvalued or undervalued in 2026?
As of Sep 24, 2026, RISE trades above its calculated fair value: price 735.00 IDR, fair value 63.27 IDR, a gap of about −91% (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 RISE?
No. The price is what the market pays today (735.00 IDR); the fair value is what the company's own numbers justify (63.27 IDR). For Jaya Sukses Makmur Sentosa Tbk PT the two are 671.73 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Jaya Sukses Makmur Sentosa Tbk PT worth?
The market values Jaya Sukses Makmur Sentosa Tbk PT at about 14.5T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 735.00 IDR; our models calculate a fair value of 63.27 IDR per share.
What do the bullish and bearish scenarios say about RISE?
Our models span a range for Jaya Sukses Makmur Sentosa Tbk PT: cautious scenario 38.47 IDR, base 63.27 IDR, optimistic 82.26 IDR per share (as of Sep 24, 2026, price 735.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RISE?
Jaya Sukses Makmur Sentosa Tbk PT trades at a price-to-earnings ratio of 70.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 63.27 IDR is built from several models across several years. Other multiples: P/B 6.6, P/S 31.7, EV/EBITDA 65.2.
How solid is the balance sheet of Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
Balance-sheet figures for Jaya Sukses Makmur Sentosa Tbk PT (as of Sep 24, 2026): return on equity 5.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
Which stocks are comparable to Jaya Sukses Makmur Sentosa Tbk PT?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF Limited, 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 Jaya Sukses Makmur Sentosa Tbk PT stock attractive at the current price?
The data as of Sep 24, 2026: price 735.00 IDR, calculated fair value 63.27 IDR (−91%), Quality Score 38/100, from 15 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 RISE calculated?
We run Jaya Sukses Makmur Sentosa Tbk PT through 15 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 63.27 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. Jaya Sukses Makmur Sentosa Tbk PT 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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
The closing price on Sep 22, 2026 was 735.00 IDR. Our model-based fair value is 63.27 IDR, about −91% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jaya Sukses Makmur Sentosa Tbk PT right now?
The price sits above even our optimistic bull case (82.26 IDR). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 (38.47 IDR to 82.26 IDR) leaves room in how you read the outcome.
Where does the earnings growth of Jaya Sukses Makmur Sentosa Tbk PT (RISE) come from?
Earnings per share at Jaya Sukses Makmur Sentosa Tbk PT grew −10.2 % a year from 2015 to 2025. Broken into its drivers: revenue per share +0.3 %, EBIT margin −11.4 %, tax rate +0.8 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Jaya Sukses Makmur Sentosa Tbk PT
How large is the market capitalisation of Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
The market capitalisation of Jaya Sukses Makmur Sentosa Tbk PT is 14.5T IDR (≈ $1.4B). 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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
The price-to-sales ratio of Jaya Sukses Makmur Sentosa Tbk PT is 15.0 (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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
Earnings per share at Jaya Sukses Makmur Sentosa Tbk PT are 10.37 IDR (price ÷ EPS = P/E 70.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
The net margin of Jaya Sukses Makmur Sentosa Tbk PT is 21.2% (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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
The return on equity (ROE) of Jaya Sukses Makmur Sentosa Tbk PT is 5.6% (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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
On an EBIT basis the return on assets of Jaya Sukses Makmur Sentosa Tbk PT is 1.3% (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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
The operating margin of Jaya Sukses Makmur Sentosa Tbk PT is 44.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
Revenue at Jaya Sukses Makmur Sentosa Tbk PT is growing +36.2% versus a year earlier (3y avg +8.7%). 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 Jaya Sukses Makmur Sentosa Tbk PT (RISE)?
Earnings per share at Jaya Sukses Makmur Sentosa Tbk PT are growing +496% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jaya Sukses Makmur Sentosa Tbk PT (RISE) generate?
The free cash flow of Jaya Sukses Makmur Sentosa Tbk PT is −130B IDR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Jaya Sukses Makmur Sentosa Tbk PT (RISE) carry?
The net debt of Jaya Sukses Makmur Sentosa Tbk PT is 455B IDR (fiscal year 2025). 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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