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Summarecon Agung Tbk (SMRA) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Summarecon Agung Tbk IDR 515, price IDR 260, upside +98.2%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Real Estate · ID · ISIN ID1000092406

SA Thin data Sep 24, 2026

Summarecon Agung Tbk

SMRA · JK

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 515.28 IDR · Strongly undervalued (+98%)
!Quality 36/100
!Expensive Growth (revenue 5y +11.8 %/yr)
!Thin margins · 8.1% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers (12/14)
!Moderate moat 54/100
!Insider activity 40/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

907.22 IDR 253.64 IDR Fair Value 515.28 IDR Apr 2021 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

60‑month range 253.64 IDR – 907.22 IDR · fair‑value band 514.25 IDR – 672.06 IDR · the 260.00 IDR price screens below the 515.28 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 Summarecon Agung Tbk constructs and develops real estate properties in Indonesia. The company operates through Property Development, Investment Property, Leisure and Hospitality, and property management segments.

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PT Summarecon Agung Tbk constructs and develops real estate properties in Indonesia. The company operates through Property Development, Investment Property, Leisure and Hospitality, and property management segments. It develops and sells residential house, apartment, residential land plot and commercial shoplot; commercial development including education facilities, sports and recreation, places of worship and healthcare facilities. The company develops townships; rents shophouses and office buildings; owns leisure and hospitality facilities, such as sports clubs and hotels; and provides health and estate management services. In addition, it manages residential apartments, offices, and other building facilities; and develops infrastructure facilities. Further, the company operates gas station and hospitals; retails food and beverages; and provides information system and education, and trading services, as well as investment business. PT Summarecon Agung Tbk was incorporated in 1975 and is based in Jakarta Timur, Indonesia.

Stock analysis

Summarecon Agung Tbk (SMRA) currently trades at 260.00 IDR, while our model-based Fair Value estimate is 515.28 IDR, implying the stock looks roughly 49.5% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 1,656 IDR per share, and 7 of the 9 models we run sit above the 260.00 IDR price.

Bear case: the Dividend Discount group reads lowest at 99.43 IDR, and 2 of the 9 models stay below the price. Evidence for this calculation is low.

Scenario range: 514.25 IDR (bear) to 672.06 IDR (bull), the price of 260.00 IDR 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 36/100 (below-average quality), in the Real Estate sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Summarecon Agung Tbk reported revenue of 8.8T IDR in FY2025 versus 5.6T IDR in FY2021, a compound +12.0%/yr. Reported net income was 767B IDR in FY2025, compounding +24.0%/yr from FY2021.

Key figures

Market cap 4.8T IDR (≈ $268M) · P/E ratio 6.0 · P/S ratio 0.52 · EPS (TTM) 43.50 IDR · Dividend yield 3.1% · Net margin 8.7% · Return on equity 7.9% · Return on assets (EBIT) 7.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 39% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 98%, SMRA screens cheaper than that median.

Fair Value models

Bear 514.25 IDR Fair Value 515.28 IDR Bull 672.06 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 (31.94 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.
Highest evidence
Residual Income 505.80 IDR 503.44 IDR 459.26 IDR 76
Gordon GGM 62.59 IDR 104.83 IDR 136.07 IDR 68
DDM Multi-Stage 62.59 IDR 99.43 IDR 112.78 IDR 67
All 9 models by family
Dividend Discount
Gordon GGM 62.59 IDR 104.83 IDR 136.07 IDR 68
DDM Multi-Stage 62.59 IDR 99.43 IDR 112.78 IDR 67
Multiples
P/S Multiple 592.03 IDR 789.37 IDR 986.71 IDR 58
P/B Multiple 592.03 IDR 789.37 IDR 986.71 IDR 55
EV/EBIT 2,121 IDR 2,852 IDR 3,583 IDR 66
EV/EBITDA 1,902 IDR 2,560 IDR 3,218 IDR 67
EV/Revenue 1,138 IDR 1,656 IDR 2,174 IDR 53
Asset-Based
NCAV (Graham) 352.98 IDR 473.00 IDR 705.97 IDR 54
Economic Profit
Residual Income 505.80 IDR 503.44 IDR 459.26 IDR 76

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Quality Score breakdown

Overall quality 36/100

Of which business quality 35 · Market factors (momentum, volatility) 32

Profitability 27
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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. 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−17.5%
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.
+15.3%
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.
+11.8%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 25 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.
+15.2%
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. 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.
+20.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.4%
Dividend (yield on the price)3.1%
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.17% vs −2%, 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.25% → 25%
Start year 2020 (pandemic)

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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 · 577 stocks

Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +98% · Top 25%
Profitability
Return on equity (TTM) 8% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 30% · Top 25%
Growth and dividend
Revenue growth 6% · Above median
Dividend yield (TTM) 3.1% · Above median
Balance sheet
Debt / equity 0.39× · Above median

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 6.0× · Cheapest 25%
P/B 0.41× · Cheaper than median
P/S (TTM) 0.54× · Cheaper than median
EV/EBITDA 2.0× · Cheapest 25%
PEG 0.36× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 48
FUTURE (revenue growth)31 · sector 0
PAST (return on equity)32 · sector 12
HEALTH (low debt)80 · sector 83
DIVIDEND (yield)62 · sector 56

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%
Poly Developments and Holdings 600048 ¥5.64 ¥14.10 +150%
CTP N.V CTPNV €13.58 €10.30 −24%

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Cite: Fair Value Calculator (2026). "Summarecon Agung Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SMRA

Frequently asked questions

Is Summarecon Agung Tbk (SMRA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 515.28 IDR versus a price of 260.00 IDR, about +98% upside (undervalued).
What is the fair value of SMRA?
Our model-based fair value for Summarecon Agung Tbk is 515.28 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 260.00 IDR.
What is the quality score of SMRA?
Summarecon Agung Tbk has a Quality Score of 36/100. 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 Summarecon Agung Tbk (SMRA)?
Our model-based price target is the fair value of 515.28 IDR (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 514.25 IDR, optimistic scenario 672.06 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Summarecon Agung Tbk stock forecast for 2026?
Our models put fair value at 515.28 IDR, about +98% upside versus a price of 260.00 IDR (undervalued). Cautious scenario 514.25 IDR, optimistic scenario 672.06 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Summarecon Agung Tbk (SMRA)?
Summarecon Agung Tbk reported trailing-twelve-month revenue of about 8.9T IDR (latest available figure, as of Sep 24, 2026).
Does Summarecon Agung Tbk pay a dividend?
Summarecon Agung Tbk currently shows a dividend yield of about 3.10% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Summarecon Agung Tbk (SMRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Summarecon Agung Tbk it is 515.28 IDR per share (as of Sep 24, 2026), against a price of 260.00 IDR. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Summarecon Agung Tbk stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SMRA trades below its calculated fair value: price 260.00 IDR, fair value 515.28 IDR, a gap of about +98% (undervalued). 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 SMRA?
No. The price is what the market pays today (260.00 IDR); the fair value is what the company's own numbers justify (515.28 IDR). For Summarecon Agung Tbk the two are 255.28 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Summarecon Agung Tbk worth?
The market values Summarecon Agung Tbk at about 4.8T IDR (market capitalisation, as of Sep 24, 2026). Per share that is 260.00 IDR; our models calculate a fair value of 515.28 IDR per share.
What do the bullish and bearish scenarios say about SMRA?
Our models span a range for Summarecon Agung Tbk: cautious scenario 514.25 IDR, base 515.28 IDR, optimistic 672.06 IDR per share (as of Sep 24, 2026, price 260.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMRA?
Summarecon Agung Tbk trades at a price-to-earnings ratio of 6.0 (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 515.28 IDR is built from several models across several years. Other multiples: PEG 0.4, P/B 0.4, P/S 0.5, EV/EBITDA 2.0.
What is the PEG ratio of SMRA?
The PEG ratio of Summarecon Agung Tbk is 0.36 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Summarecon Agung Tbk (SMRA)?
Balance-sheet figures for Summarecon Agung Tbk (as of Sep 24, 2026): return on equity 7.9%, debt of 0.39 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is SMRA from its 52-week high?
Summarecon Agung Tbk trades at 260.00 IDR, about 39% below its 52-week high of 428.64 IDR and 3% above the low of 253.64 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 515.28 IDR is for.
Which stocks are comparable to Summarecon Agung 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 Summarecon Agung Tbk stock attractive at the current price?
The data as of Sep 24, 2026: price 260.00 IDR, calculated fair value 515.28 IDR (+98%), Quality Score 36/100, from 9 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 SMRA calculated?
We run Summarecon Agung Tbk through 9 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 515.28 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 13.0 % above its aggregate fair value. Summarecon Agung Tbk currently trades 98 % below its own fair value, and the market average says nothing about that. 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 Summarecon Agung Tbk (SMRA)?
The closing price on Sep 24, 2026 was 260.00 IDR. Our model-based fair value is 515.28 IDR, about +98% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Summarecon Agung Tbk right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (514.25 IDR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Summarecon Agung Tbk (SMRA) come from?
Earnings per share at Summarecon Agung Tbk grew +0.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.1 %, EBIT margin −0.3 %, tax rate +3.1 %, residual (interest, one-offs) −6.3 %. 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 Summarecon Agung Tbk

How large is the market capitalisation of Summarecon Agung Tbk (SMRA)?
The market capitalisation of Summarecon Agung Tbk is 4.8T IDR (≈ $268M). 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 Summarecon Agung Tbk (SMRA)?
The price-to-sales ratio of Summarecon Agung Tbk is 0.52 (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 Summarecon Agung Tbk (SMRA)?
Earnings per share at Summarecon Agung Tbk are 43.50 IDR (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Summarecon Agung Tbk (SMRA)?
The dividend yield of Summarecon Agung Tbk is 3.1% (payout 18.5%). 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 Summarecon Agung Tbk (SMRA)?
The net margin of Summarecon Agung Tbk is 8.7% (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 Summarecon Agung Tbk (SMRA)?
The return on equity (ROE) of Summarecon Agung Tbk is 7.9% (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 Summarecon Agung Tbk (SMRA)?
On an EBIT basis the return on assets of Summarecon Agung Tbk is 7.0% (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 Summarecon Agung Tbk (SMRA)?
The operating margin of Summarecon Agung Tbk is 30.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Summarecon Agung Tbk (SMRA)?
Revenue at Summarecon Agung Tbk is growing +6.1% versus a year earlier (3y avg +15.3%). 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 Summarecon Agung Tbk (SMRA)?
Earnings per share at Summarecon Agung Tbk are growing −20.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Summarecon Agung Tbk (SMRA) generate?
The free cash flow of Summarecon Agung Tbk is −2.3T 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 Summarecon Agung Tbk (SMRA) carry?
The net debt of Summarecon Agung Tbk is 10.0T 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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