PT Super Bank Indonesia Tbk (SUPA) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of PT Super Bank Indonesia Tbk stock IDR 128, price IDR 348, upside -63.3%, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?No
Quality 50+?Yes
In an uptrend?Unknown
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 28, 2026.
How to read this chart
10‑month range 338.00 IDR – 1,230 IDR · the 348.00 IDR price screens above the 127.68 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 28, 2026.
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PT Super Bank Indonesia Tbk provides commercial banking services in Indonesia. The company operates through Bandung and DKI Jakarta segments.
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It offers main savings account, term deposits, and current accounts; loan product without collateral; and BI-fast and online transfer services, direct debit, and QRIS payment solutions.
The company was formerly known as PT Bank Fama International and changed its name to PT Super Bank Indonesia Tbk in 2023. The company was founded in 1993 and is headquartered in Jakarta, Indonesia.
Stock analysis
PT Super Bank Indonesia Tbk (SUPA) currently trades at 348.00 IDR, while our model-based Fair Value estimate is 127.68 IDR, 63.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 152.82 IDR per share, and 0 of the 4 models we run sit above the 348.00 IDR price.
Bear case: the Multiples group reads lowest at 38.23 IDR, and 4 of the 4 models stay below the price. Data coverage for this calculation is low.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PT Super Bank Indonesia Tbk reported revenue of 1.6T IDR in FY2025 versus 151B IDR in FY2022, a compound +118.6%/yr. Reported net income was 99.7B IDR in FY2025.
Key figures
Market cap 11.8T IDR (≈ $649M) Small · P/E ratio 41.3 · P/S ratio 7.46 · EPS (TTM) 8.43 IDR · Net margin 16.6% · Return on equity 3.9% · Return on assets 1.3% · Operating margin 32.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −63%, SUPA screens richer than that median.
Fair Value models
Bear127.68 IDRFair Value 127.68 IDRBull127.68 IDR
Price 348.00 IDR · Upside -63.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (6.98 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.Coverage ⓘCoverage = 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
+164.0%
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.
+118.6%
’22
’23
’24
’25
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
−18.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about −20.5% a year for the price.
Compare PT Super Bank Indonesia 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.Banks - Regional · 1064 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−63.3% · Bottom 25%
Profitability
Return on equity (12 months)3.9% · Bottom 25%
Return on assets0.5% · Bottom 25%
Net margin (12 months)16.6% · Bottom 25%
Operating margin (12 months)32.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)34.4% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)41.3× · Priciest 25%
P/B1.44× · Pricier than median
P/S (12 months)7.46× · Priciest 25%
Price / free cash flow4.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)100· sector 48
PAST (return on equity)15· sector 41
HEALTH (low debt)0· sector 84
DIVIDEND (yield)0· sector 52
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 Super Bank Indonesia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/SUPA
Frequently asked questions
Is PT Super Bank Indonesia Tbk (SUPA) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 127.68 IDR versus a price of 348.00 IDR, about −63% upside (overvalued).
What is the fair value of SUPA?
Our model-based fair value for PT Super Bank Indonesia Tbk is 127.68 IDR (as of Oct 28, 2026), built from audited fundamentals. The current price: 348.00 IDR.
What is the quality score of SUPA?
PT Super Bank Indonesia Tbk has a Quality Score of 58/100. 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 Super Bank Indonesia Tbk (SUPA)?
Our model-based price target is the fair value of 127.68 IDR (as of Oct 28, 2026) from 4 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Super Bank Indonesia Tbk stock forecast for 2026?
Our models put fair value at 127.68 IDR, about −63% upside versus a price of 348.00 IDR (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of PT Super Bank Indonesia Tbk (SUPA)?
PT Super Bank Indonesia Tbk reported trailing-twelve-month revenue of about 1.6T IDR (latest available figure, as of Oct 28, 2026).
What growth is priced into PT Super Bank Indonesia Tbk (SUPA)?
For today's price to be fair in a discounted-cash-flow model, PT Super Bank Indonesia Tbk would have to grow free cash flow by -18.4 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +118.6 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of SUPA use?
Our models discount PT Super Bank Indonesia 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 Super Bank Indonesia Tbk that is -18.4 % 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 Super Bank Indonesia Tbk (SUPA) delivered so far?
Over the past 3 years revenue at PT Super Bank Indonesia Tbk grew +118.6 % a year. The price currently implies -18.4 % 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 Super Bank Indonesia Tbk (SUPA) growing?
The median revenue growth in the sector is +5.1 % a year. That is the yardstick for the growth priced into PT Super Bank Indonesia Tbk (-18.4 % 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 Super Bank Indonesia Tbk (SUPA)?
The free-cash-flow yield on the price is 24.98 %: that much free cash flow PT Super Bank Indonesia 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 Super Bank Indonesia Tbk (SUPA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Super Bank Indonesia Tbk it is 127.68 IDR per share (as of Oct 28, 2026), against a price of 348.00 IDR. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is PT Super Bank Indonesia Tbk stock overvalued or undervalued in 2026?
As of Oct 28, 2026, SUPA trades above its calculated fair value: price 348.00 IDR, fair value 127.68 IDR, a gap of about −63% (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 SUPA?
No. The price is what the market pays today (348.00 IDR); the fair value is what the company's own numbers justify (127.68 IDR). For PT Super Bank Indonesia Tbk the two are 220.32 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Super Bank Indonesia Tbk worth?
The market values PT Super Bank Indonesia Tbk at about 11.8T IDR (market capitalisation, as of Oct 28, 2026). Per share that is 348.00 IDR; our models calculate a fair value of 127.68 IDR per share.
What is the P/E ratio of SUPA?
PT Super Bank Indonesia Tbk trades at a price-to-earnings ratio of 41.3 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 127.68 IDR is built from several models across several years. Other multiples: P/B 1.4, P/S 7.5.
How solid is the balance sheet of PT Super Bank Indonesia Tbk (SUPA)?
Balance-sheet figures for PT Super Bank Indonesia Tbk (as of Oct 28, 2026): return on equity 3.9%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
Which stocks are comparable to PT Super Bank Indonesia Tbk?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, 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 Super Bank Indonesia Tbk stock attractive at the current price?
The data as of Oct 28, 2026: price 348.00 IDR, calculated fair value 127.68 IDR (−63%), Quality Score 58/100, from 4 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 SUPA calculated?
We run PT Super Bank Indonesia Tbk through 4 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 127.68 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 13.4 % above its aggregate fair value. PT Super Bank Indonesia 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 Super Bank Indonesia Tbk (SUPA)?
The closing price on Oct 28, 2026 was 348.00 IDR. Our model-based fair value is 127.68 IDR, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Super Bank Indonesia Tbk right now?
The price sits above even our optimistic bull case (127.68 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. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of PT Super Bank Indonesia Tbk
How large is the market capitalisation of PT Super Bank Indonesia Tbk (SUPA)?
The market capitalisation of PT Super Bank Indonesia Tbk is 11.8T IDR (≈ $649M). 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 Super Bank Indonesia Tbk (SUPA)?
The price-to-sales ratio of PT Super Bank Indonesia Tbk is 7.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PT Super Bank Indonesia Tbk (SUPA)?
Earnings per share at PT Super Bank Indonesia Tbk are 8.43 IDR (price ÷ EPS = P/E 41.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PT Super Bank Indonesia Tbk (SUPA)?
The net margin of PT Super Bank Indonesia Tbk is 16.6% (last twelve months). 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 Super Bank Indonesia Tbk (SUPA)?
The return on equity (ROE) of PT Super Bank Indonesia Tbk is 3.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of PT Super Bank Indonesia Tbk (SUPA)?
The return on assets (ROA) of PT Super Bank Indonesia Tbk is 1.3% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of PT Super Bank Indonesia Tbk (SUPA)?
The operating margin of PT Super Bank Indonesia Tbk is 32.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Super Bank Indonesia Tbk (SUPA)?
Revenue at PT Super Bank Indonesia Tbk is growing +34.4% versus a year earlier (3y avg +119%). 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 Super Bank Indonesia Tbk (SUPA)?
Earnings per share at PT Super Bank Indonesia Tbk are growing +349% versus a year earlier. How much earnings per share grew versus a year earlier.
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Oct 28, 2026