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PT Topindo Solusi Komunika Tbk (TOSK) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of PT Topindo Solusi Komunika Tbk stock IDR 22, price IDR 60, that is 63.7% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Technology ID

PT PT Topindo Solusi Komunika Tbk logo Thin data Nov 7, 2026

PT Topindo Solusi Komunika Tbk

TOSK · JK
Very expensive, weak quality

Our calculation puts a fair price 64% below what the stock costs today.

Low debt
Mixed Growth (revenue 3y −3.3 %/yr in IDR)
Thin margins · 0.2% net margin (TTM)
Revenue last quarter 8% below a year ago.
Fair value 21.78 IDR · Strongly overvalued
Quality 36/100
Negative free cash flow
Trails peers (4/12)
Narrow moat 24/100 · thin data
Thin data
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

159.26 IDR 49.16 IDR Fair Value 21.78 IDR Feb 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

33‑month range 49.16 IDR – 159.26 IDR · fair‑value band 15.74 IDR – 24.72 IDR · the 60.00 IDR price screens above the 21.78 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

PT Topindo Solusi Komunika Tbk engages in the sale of digital products in Indonesia. It operates in three segments: Digital Product, Fast Moving Consumer Products, and Ballroom and Hotel.

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The company offers digital products, such as credit top-ups, data packages, PLN tokens, payment point online bank, and e-money. In addition, the company engages in payment solution services; and online-to-offline platform, as well as ballroom and hotel.

PT Topindo Solusi Komunika Tbk is headquartered in Singkawang, Indonesia.

Stock analysis

PT Topindo Solusi Komunika Tbk (TOSK) currently trades at 60.00 IDR, while our model-based Fair Value estimate is 21.78 IDR, 64% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 31.53 IDR per share, and 1 of the 14 models we run sit above the 60.00 IDR price.

Bear case: the Dividend Discount group reads lowest at 3.82 IDR, and 13 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: 15.74 IDR (bear) to 24.72 IDR (bull), the price of 60.00 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 36/100 (below-average quality), in the Technology sector.

Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.

PT Topindo Solusi Komunika Tbk reported revenue of 1.7T IDR in FY2025 versus 2.5T IDR in FY2021, a compound −8.7%/yr. Reported net income was 5.7B IDR in FY2025, compounding −18.8%/yr from FY2021.

Key figures

Market cap 263B IDR (≈ $14.6M) Micro · P/S ratio 0.17 · Dividend yield 0.7% · Net margin 0.2% · Return on equity 2.2% · Return on assets (EBIT) 15.2% (5-year average) · Operating margin 0.3% · Revenue (TTM) 1.7T IDR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).

What moves the price

The share trades about 32% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −64%, TOSK screens richer than that median.

Fair Value models

Bear 15.74 IDR Fair Value 21.78 IDR Bull 24.72 IDR
Price 60.00 IDR · Downside -63.7%
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. 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.
Best data coverage
Residual Income 24.47 IDR 24.29 IDR 24.72 IDR 76
EPV 15.74 IDR 17.10 IDR 18.21 IDR 74
ROIC Compounder 15.74 IDR 17.10 IDR 18.21 IDR 72
All 14 models by family
Earnings-Based
Graham-Dodd 8.91 IDR 10.89 IDR 12.25 IDR 67
EPV 15.74 IDR 17.10 IDR 18.21 IDR 74
Dividend Discount
Gordon GGM 3.40 IDR 3.65 IDR 4.01 IDR 69
DDM Multi-Stage 3.40 IDR 3.98 IDR 4.71 IDR 67
Multiples
P/E Multiple 21.63 IDR 28.83 IDR 36.04 IDR 63
P/S Multiple 16.71 IDR 22.28 IDR 27.85 IDR 58
P/B Multiple 90.68 IDR 120.90 IDR 151.13 IDR 55
EV/EBIT 26.90 IDR 34.98 IDR 43.05 IDR 66
EV/EBITDA 26.26 IDR 34.13 IDR 42.00 IDR 67
EV/Revenue 21.04 IDR 28.92 IDR 36.79 IDR 54
Asset-Based
NCAV (Graham) 8.04 IDR 12.18 IDR 15.22 IDR 55
Economic Profit
Residual Income 24.47 IDR 24.29 IDR 24.72 IDR 76
ROIC Compounder 15.74 IDR 17.10 IDR 18.21 IDR 72
Growth Earnings
Growth-Adj P/E 15.24 IDR 21.78 IDR 28.31 IDR 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 40
How much profit the company makes from its sales and capital
Quality Growth 30
Are margins and returns getting better?
Cashflow 34
Do the profits arrive as real cash?
Financial strength 72
Debt, balance sheet and risk of trouble
Investment 32
Does it invest with discipline instead of growing at any price?
Low Volatility 32
How calm the share price moves, does not count
Price momentum 38
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 16
Distance to the 52-week high, does not count
New shares 29
Buys back shares or issues new ones?

Open the full quality analysis →

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. 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), 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.
−40.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−41.5%
Dividend (yield on the price)0.7%
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.0% → 1%

TOSK screens overvalued: fair value 64% below the price. Compare with SAP SE →

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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.Software - Application · 628 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −63.1% · Bottom 25%
Profitability
Return on equity (12 months) 2.2% · Below median
Return on assets 3.0% · Above median
Net margin (12 months) 0.2% · Below median
Operating margin (12 months) 0.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) −8.1% · Bottom 25%
Dividend yield (12 months) 0.7% · Below median
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 1.64× · Cheaper than median
P/S (12 months) 0.15× · Cheapest 25%
EV/EBITDA 21.7× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 29
FUTURE (revenue growth)0 · sector 41
PAST (return on equity)9 · sector 20
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)14 · sector 29

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $239.30 $463.72 +94% vs TOSK
Salesforce, Inc CRM $213.65 $342.73 +60% vs TOSK
Uber Technologies, Inc UBER $68.59 $101.28 +48% vs TOSK
Intuit Inc INTU $341.50 $459.14 +34% vs TOSK
ServiceNow, Inc NOW $101.97 $112.17 +10% vs TOSK
SAP SE SAP €210.75 €173.59 −18% vs TOSK
Cadence Design Systems, Inc CDNS $319.92 $225.48 −30% vs TOSK
Automatic Data Processing, Inc ADP $303.35 $150.40 −50% vs TOSK
Shopify Inc SHOP $148.91 $64.96 −56% vs TOSK
Snowflake Inc SNOW $275.88 $73.81 −73% vs TOSK

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PT Topindo Solusi Komunika Tbk: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "PT Topindo Solusi Komunika Tbk Fair Value". https://www.fairvalue-calculator.com/stock/TOSK

Frequently asked questions

Is PT Topindo Solusi Komunika Tbk (TOSK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 21.78 IDR versus a price of 60.00 IDR, about 64% lower (overvalued).
What is the fair value of TOSK?
Our model-based fair value for PT Topindo Solusi Komunika Tbk is 21.78 IDR (as of Nov 7, 2026), built from audited fundamentals. The current price: 60.00 IDR.
What is the quality score of TOSK?
PT Topindo Solusi Komunika 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 PT Topindo Solusi Komunika Tbk (TOSK)?
Our model-based price target is the fair value of 21.78 IDR (as of Nov 7, 2026) from 14 valuation models. Cautious scenario 15.74 IDR, optimistic scenario 24.72 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the PT Topindo Solusi Komunika Tbk stock forecast for 2026?
Our models put fair value at 21.78 IDR, about 64% lower versus a price of 60.00 IDR (overvalued). Cautious scenario 15.74 IDR, optimistic scenario 24.72 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of PT Topindo Solusi Komunika Tbk (TOSK)?
PT Topindo Solusi Komunika Tbk reported trailing-twelve-month revenue of about 1.7T IDR (latest available figure, as of Nov 7, 2026).
Does PT Topindo Solusi Komunika Tbk pay a dividend?
PT Topindo Solusi Komunika Tbk currently shows a dividend yield of 0.70% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of PT Topindo Solusi Komunika Tbk (TOSK)?
PT Topindo Solusi Komunika Tbk has a dividend yield of 0.7%.
What is the intrinsic value of PT Topindo Solusi Komunika Tbk (TOSK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PT Topindo Solusi Komunika Tbk it is 21.78 IDR per share (as of Nov 7, 2026), against a price of 60.00 IDR. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PT Topindo Solusi Komunika Tbk stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TOSK trades above its calculated fair value: price 60.00 IDR, fair value 21.78 IDR, a gap of about −64% (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 TOSK?
No. The price is what the market pays today (60.00 IDR); the fair value is what the company's own numbers justify (21.78 IDR). For PT Topindo Solusi Komunika Tbk the two are 38.22 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is PT Topindo Solusi Komunika Tbk worth?
The market values PT Topindo Solusi Komunika Tbk at about 263B IDR (market capitalisation, as of Nov 7, 2026). Per share that is 60.00 IDR; our models calculate a fair value of 21.78 IDR per share.
What do the bullish and bearish scenarios say about TOSK?
Our models span a range for PT Topindo Solusi Komunika Tbk: cautious scenario 15.74 IDR, base 21.78 IDR, optimistic 24.72 IDR per share (as of Nov 7, 2026, price 60.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PT Topindo Solusi Komunika Tbk (TOSK)?
Balance-sheet figures for PT Topindo Solusi Komunika Tbk (as of Nov 7, 2026): return on equity 2.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is TOSK from its 52-week high?
PT Topindo Solusi Komunika Tbk trades at 60.00 IDR, about 32% below its 52-week high of 88.31 IDR and 16% above the low of 51.60 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 21.78 IDR is for.
Which stocks are comparable to PT Topindo Solusi Komunika Tbk?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Topindo Solusi Komunika Tbk stock attractive at the current price?
The data as of Nov 7, 2026: price 60.00 IDR, calculated fair value 21.78 IDR (−64%), Quality Score 36/100, from 14 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 TOSK calculated?
We run PT Topindo Solusi Komunika Tbk through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 21.78 IDR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. PT Topindo Solusi Komunika 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 Topindo Solusi Komunika Tbk (TOSK)?
The closing price on Nov 9, 2026 was 60.00 IDR. Our model-based fair value is 21.78 IDR, about 64% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PT Topindo Solusi Komunika Tbk right now?
The price sits above even our optimistic bull case (24.72 IDR). The favourable scenario is already priced in. Weak quality (36/100) 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.

Key figures of PT Topindo Solusi Komunika Tbk

How large is the market capitalisation of PT Topindo Solusi Komunika Tbk (TOSK)?
The market capitalisation of PT Topindo Solusi Komunika Tbk is 263B IDR (≈ $14.6M). 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 Topindo Solusi Komunika Tbk (TOSK)?
The price-to-sales ratio of PT Topindo Solusi Komunika Tbk is 0.17 (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 Topindo Solusi Komunika Tbk (TOSK)?
The dividend yield of PT Topindo Solusi Komunika Tbk is 0.7%. 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 Topindo Solusi Komunika Tbk (TOSK)?
The net margin of PT Topindo Solusi Komunika Tbk is 0.2% (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 Topindo Solusi Komunika Tbk (TOSK)?
The return on equity (ROE) of PT Topindo Solusi Komunika Tbk is 2.2% (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 Topindo Solusi Komunika Tbk (TOSK)?
On an EBIT basis the return on assets of PT Topindo Solusi Komunika Tbk is 15.2% (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 Topindo Solusi Komunika Tbk (TOSK)?
The operating margin of PT Topindo Solusi Komunika Tbk is 0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PT Topindo Solusi Komunika Tbk (TOSK)?
Revenue at PT Topindo Solusi Komunika Tbk is growing −8.1% versus a year earlier (3y avg −9.9%). 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 Topindo Solusi Komunika Tbk (TOSK)?
Earnings per share at PT Topindo Solusi Komunika Tbk are growing −57.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PT Topindo Solusi Komunika Tbk (TOSK) generate?
The free cash flow of PT Topindo Solusi Komunika Tbk is −7.9B 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 cash does PT Topindo Solusi Komunika Tbk (TOSK) hold?
PT Topindo Solusi Komunika Tbk holds more cash than debt, 11.7B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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