Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Asuransi Tugu Pratama Indonesia Tbk PT stock IDR 1,936, price IDR 1,230, upside +57.4%, quality 66 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 448.09 IDR – 1,645 IDR · fair‑value band 1,909 IDR – 2,069 IDR · the 1,230 IDR price screens below the 1,936 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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PT Asuransi Tugu Pratama Indonesia Tbk engages in the general insurance, reinsurance, and sharia insurance businesses in Indonesia. It operates through General Insurance, Reinsurance, Rental and Related Business, and Others segments.
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The company offers corporate insurance services, such as energy, fire and property, satellite and aviation, engineering, liability, health, and miscellaneous; marine insurance services, including builder's risk, marine cargo, protection and indemnity, marine hull and machinery, marine war risks, marine operation all risks, marine hull loss of hire, and stock throughput; and credit and guarantee services comprising credit, surety, bank guarantee cons, and payment bond insurance services.
It also provides retail insurance for houses, motorized vehicles, and persona safety. In addition, the company offers Sharia insurance services for business interruption, robbery, money, liability suit, fire, heavy equipment, accident, motorcycle, and car.
Further, it provides real estate development and trading; brokerage and reinsurance consultancy; and risk management, surveyor, and valuation services. Additionally, it invests in mutual funds. The company was founded in 1981 and is headquartered in Jakarta, Indonesia.
PT Asuransi Tugu Pratama Indonesia Tbk operates as a subsidiary of PT Pertamina (Persero).
Stock analysis
Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) currently trades at 1,230 IDR, while our model-based Fair Value estimate is 1,936 IDR, implying the stock looks roughly 36% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 3,130 IDR per share, and 4 of the 6 models we run sit above the 1,230 IDR price.
Bear case: the Dividend Discount group reads lowest at 840.00 IDR, and 2 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,909 IDR (bear) to 2,069 IDR (bull), the price of 1,230 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 66/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Asuransi Tugu Pratama Indonesia Tbk PT reported revenue of 10.3T IDR in FY2025 versus 3.7T IDR in FY2021, a compound +29.4%/yr. Reported net income was 711B IDR in FY2025, compounding +22.4%/yr from FY2021.
Key figures
Market cap 4.3T IDR (≈ $238M) Micro · P/E ratio 5.2 · P/S ratio 0.75 · EPS (TTM) 237.44 IDR · Dividend yield 5.9% · Net margin 16.0% · Return on equity 9.1% · Return on assets (EBIT) 3.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 57%, TUGU screens cheaper than that median.
Fair Value models
Bear1,909 IDRFair Value 1,936 IDRBull2,069 IDR
Price 1,230 IDR · Upside +57.4%
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 (203.61 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+96.8%
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.
+36.2%
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.
+26.0%
Start year 2020 (pandemic). Over 10 years: +25.7% a year
Revenue growth 15 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.
+20.0%
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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. 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.
+23.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.6%
Dividend (yield on the price)5.9%
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.17.6% vs 7.6%, 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.10% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Asuransi Tugu Pratama Indonesia Tbk PT with another stock
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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.Insurance - Diversified · 73 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+56.1% · Top 25%
Profitability
Return on equity (12 months)9.1% · Below median
Return on assets2.6% · Above median
Net margin (12 months)16.0% · Top 25%
Operating margin (12 months)−13.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−33.6% · Bottom 25%
Dividend yield (12 months)5.9% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
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). "Asuransi Tugu Pratama Indonesia Tbk PT Fair Value". https://www.fairvalue-calculator.com/stock/TUGU
Frequently asked questions
Is Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 1,936 IDR versus a price of 1,230 IDR, about +57% upside (undervalued).
What is the fair value of TUGU?
Our model-based fair value for Asuransi Tugu Pratama Indonesia Tbk PT is 1,936 IDR (as of Nov 8, 2026), built from audited fundamentals. The current price: 1,230 IDR.
What is the quality score of TUGU?
Asuransi Tugu Pratama Indonesia Tbk PT has a Quality Score of 66/100. 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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Our model-based price target is the fair value of 1,936 IDR (as of Nov 8, 2026) from 6 valuation models. Cautious scenario 1,909 IDR, optimistic scenario 2,069 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Asuransi Tugu Pratama Indonesia Tbk PT stock forecast for 2026?
Our models put fair value at 1,936 IDR, about +57% upside versus a price of 1,230 IDR (undervalued). Cautious scenario 1,909 IDR, optimistic scenario 2,069 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Asuransi Tugu Pratama Indonesia Tbk PT reported trailing-twelve-month revenue of about 5.8T IDR (latest available figure, as of Nov 8, 2026).
Does Asuransi Tugu Pratama Indonesia Tbk PT pay a dividend?
Asuransi Tugu Pratama Indonesia Tbk PT currently shows a dividend yield of 5.87% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Asuransi Tugu Pratama Indonesia Tbk PT has a dividend yield of 5.9%.
What growth is priced into Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
For today's price to be fair in a discounted-cash-flow model, Asuransi Tugu Pratama Indonesia Tbk PT would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of TUGU use?
Our models discount Asuransi Tugu Pratama Indonesia Tbk PT at 13.5 %: a base by market capitalisation (micro), damped by beta 0.02, 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 Asuransi Tugu Pratama Indonesia Tbk PT that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) delivered so far?
Over the past 5 years revenue at Asuransi Tugu Pratama Indonesia Tbk PT grew +26.0 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per 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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Asuransi Tugu Pratama Indonesia Tbk PT (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The free-cash-flow yield on the price is 28.83 %: that much free cash flow Asuransi Tugu Pratama Indonesia Tbk PT 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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asuransi Tugu Pratama Indonesia Tbk PT it is 1,936 IDR per share (as of Nov 8, 2026), against a price of 1,230 IDR. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Asuransi Tugu Pratama Indonesia Tbk PT stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TUGU trades below its calculated fair value: price 1,230 IDR, fair value 1,936 IDR, a gap of about +57% (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 TUGU?
No. The price is what the market pays today (1,230 IDR); the fair value is what the company's own numbers justify (1,936 IDR). For Asuransi Tugu Pratama Indonesia Tbk PT the two are 705.89 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Asuransi Tugu Pratama Indonesia Tbk PT worth?
The market values Asuransi Tugu Pratama Indonesia Tbk PT at about 4.3T IDR (market capitalisation, as of Nov 8, 2026). Per share that is 1,230 IDR; our models calculate a fair value of 1,936 IDR per share.
What do the bullish and bearish scenarios say about TUGU?
Our models span a range for Asuransi Tugu Pratama Indonesia Tbk PT: cautious scenario 1,909 IDR, base 1,936 IDR, optimistic 2,069 IDR per share (as of Nov 8, 2026, price 1,230 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TUGU?
Asuransi Tugu Pratama Indonesia Tbk PT trades at a price-to-earnings ratio of 5.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,936 IDR is built from several models across several years. Other multiples: P/B 0.5, P/S 0.8, EV/EBITDA 3.2.
How solid is the balance sheet of Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Balance-sheet figures for Asuransi Tugu Pratama Indonesia Tbk PT (as of Nov 8, 2026): return on equity 9.1%, debt of 0.07 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is TUGU from its 52-week high?
Asuransi Tugu Pratama Indonesia Tbk PT trades at 1,230 IDR, about 25% below its 52-week high of 1,645 IDR and 32% above the low of 929.85 IDR (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,936 IDR is for.
Which stocks are comparable to Asuransi Tugu Pratama Indonesia Tbk PT?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, 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 Asuransi Tugu Pratama Indonesia Tbk PT stock attractive at the current price?
The data as of Nov 8, 2026: price 1,230 IDR, calculated fair value 1,936 IDR (+57%), Quality Score 66/100, from 6 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 TUGU calculated?
We run Asuransi Tugu Pratama Indonesia Tbk PT through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 1,936 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. Asuransi Tugu Pratama Indonesia Tbk PT currently trades 36% 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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The closing price on Nov 9, 2026 was 1,230 IDR. Our model-based fair value is 1,936 IDR, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asuransi Tugu Pratama Indonesia Tbk PT right now?
The price is below even our cautious bear case (1,909 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. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (1,909 IDR to 2,069 IDR), unusually little disagreement for a valuation.
Where does the earnings growth of Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) come from?
Earnings per share at Asuransi Tugu Pratama Indonesia Tbk PT grew +7.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +19.7 %, EBIT margin −9.8 %, tax rate −0.8 %, residual (interest, one-offs) +0.0 %. 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 Asuransi Tugu Pratama Indonesia Tbk PT
How large is the market capitalisation of Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The market capitalisation of Asuransi Tugu Pratama Indonesia Tbk PT is 4.3T IDR (≈ $238M). 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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The price-to-sales ratio of Asuransi Tugu Pratama Indonesia Tbk PT is 0.75 (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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Earnings per share at Asuransi Tugu Pratama Indonesia Tbk PT are 237.44 IDR (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The dividend yield of Asuransi Tugu Pratama Indonesia Tbk PT is 5.9% (payout 30.4%). 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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The net margin of Asuransi Tugu Pratama Indonesia Tbk PT is 16.0% (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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The return on equity (ROE) of Asuransi Tugu Pratama Indonesia Tbk PT is 9.1% (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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
On an EBIT basis the return on assets of Asuransi Tugu Pratama Indonesia Tbk PT is 3.3% (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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
The operating margin of Asuransi Tugu Pratama Indonesia Tbk PT is −13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Revenue at Asuransi Tugu Pratama Indonesia Tbk PT is growing −33.6% versus a year earlier (3y avg +36.2%). 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 Asuransi Tugu Pratama Indonesia Tbk PT (TUGU)?
Earnings per share at Asuransi Tugu Pratama Indonesia Tbk PT are growing −27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Asuransi Tugu Pratama Indonesia Tbk PT (TUGU) hold?
Asuransi Tugu Pratama Indonesia Tbk PT holds more cash than debt, 428B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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