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PT Bank Central Asia Tbk (BBCA) Fair Value & Analysis

Financial Services · ID · Market cap 759T IDR

PB PT Bank Central Asia Tbk BBCA · JK
Price6,375 IDR
Fair Value4,637 IDR
Upside-27.3%
Quality67/100
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Healthy Growth
Highly profitable · 53.5% net margin
Low debt · generates free cash flow
5.42% dividend yield
Ranks above peers (9/15)
Wide moat 88/100
Evidence: High Range 3,478 IDR – 5,796 IDR Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 6,087 IDR to 4,637 IDR (−23.8%) since Jul 12, 2026. Share price +4.1% over the past month.

A solid business, but screening 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5,796 IDR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) 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.
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Price vs Fair Value (5 years)

10,029 IDR 4,835 IDR Fair Value 4,637 IDR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 4,835 IDR – 10,029 IDR · fair‑value band 3,478 IDR – 5,796 IDR · the 6,375 IDR price screens above the 4,637 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

PT Bank Central Asia Tbk (BBCA) currently trades at 6,375 IDR, while our model-based Fair Value estimate is 4,637 IDR, implying the stock looks roughly 27.3% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PT Bank Central Asia Tbk generated revenue of 109T IDR at a net margin of 53.5%. Revenue grew 2.5% year over year. It earns a return on equity of 23.0%. The balance sheet holds a net cash position of 88.5T IDR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 3,478 IDR (bear case) to 5,796 IDR (bull case); at 6,375 IDR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at -27%, BBCA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Residual Income 3,214 IDR 4,267 IDR 19,123 IDR 76
P/E Multiple 4,565 IDR 6,087 IDR 7,609 IDR 63
P/B Multiple 2,405 IDR 3,207 IDR 4,009 IDR 55
All 4 models by family
Multiples
P/E Multiple 4,565 IDR 6,087 IDR 7,609 IDR 63
P/B Multiple 2,405 IDR 3,207 IDR 4,009 IDR 55
Asset-Based
NCAV (Graham) 1,145 IDR 1,535 IDR 2,291 IDR 50
Economic Profit
Residual Income 3,214 IDR 4,267 IDR 19,123 IDR 76

Widest divergence: Economic Profit (4,267 IDR) versus Asset-Based (1,535 IDR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 109T IDR
Revenue growth (YoY) +2.5%
Net margin 53.5%
Return on equity 23.0%
Free cash flow 75.1T IDR FY2025
P/E ratio 13.5
More key figures
Operating margin 67.6%
EPS (TTM) 470.96 IDR
Dividend yield 6.6%
EPS growth (YoY) +3.7%
Net cash 88.5T IDR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 57 · Market factors (momentum, volatility) 43

Profitability 45
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PT Bank Central Asia Tbk provides commercial banking and other financial services. The company offers time deposits, e- deposits, spinning, Dana Lander accounts, customer accounts, gold stage; loans, such as business, investment credit, securities collateral, multipurpose business, trade finance, business place loans; credit cards; and investment, including …

Full company description

PT Bank Central Asia Tbk provides commercial banking and other financial services. The company offers time deposits, e- deposits, spinning, Dana Lander accounts, customer accounts, gold stage; loans, such as business, investment credit, securities collateral, multipurpose business, trade finance, business place loans; credit cards; and investment, including mutual funds, and bond and secondary SBN. The company also provides collection account opening, remittance, trade finance, tresuries and custodians, transaction banking, electronic banking, cash management, bank assurance, credit facilities, bank guarantees, export-import facilities, and foreign exchange facilities. In addition, the company offers investment financing, working capital financing, multipurpose financing, operating leases, and other financing activities; Sharia banking; securities brokerage dealer and underwriter for issuance of securities; general or loss insurance; life insurance; and venture capital services. PT Bank Central Asia Tbk was founded in 1955 and is headquartered in Jakarta, Indonesia. PT Bank Central Asia Tbk is a subsidiary of PT Dwimuria Investama Andalan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PT Bank Central Asia Tbk reported revenue of 125T IDR in FY2025 versus 80.1T IDR in FY2021, a compound +11.7%/yr. Reported net income was 57.5T IDR in FY2025, compounding +16.3%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
125T IDR
Latest YoY
+3.6%
Avg. growth/yr (3Y) 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.
+9.3%
Avg. growth/yr (5Y) 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.
+10.2%
Avg. growth/yr (25Y) 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.
+10.1%
Revenue +11.7%/yr
FY21 80.1T IDR
FY22 95.5T IDR
FY23 110T IDR
FY24 120T IDR
FY25 125T IDR
Net income +16.3%/yr
FY21 31.4T IDR
FY22 40.7T IDR
FY23 48.6T IDR
FY24 54.8T IDR
FY25 57.5T IDR
Character of growth · EPS growth decomposed (2014-2025) +12.7 % p.a.
Revenue per share +10.4 pp

of which total revenue +10.4 pp · buybacks/dilution +0.0 pp

EBIT margin −6.0 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +8.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BBCA screens 27% overvalued. Compare with KB Financial Group →

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Cite: Fair Value Calculator (2026). "PT Bank Central Asia Tbk Fair Value". https://www.fairvalue-calculator.com/stock/BBCA

Peer Group

Banks - Regional · 1086 stocks

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.

Quality Score 64 · Top 25%
Fair Value upside −27% · Bottom 25%
Return on equity (TTM) 23% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 53% · Top 25%
Operating margin (TTM) 68% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 5.4% · Top 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 13.5× · Pricier than median
P/B 2.70× · Pricier than 75% of peers
P/S (TTM) 6.99× · Pricier than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 9.0× · Cheaper than median
PEG 2.86× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 33
FUTURE 13 · sector 44
PAST 92 · sector 41
HEALTH 100 · sector 85
DIVIDEND 100 · sector 49

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 186.85 CLP 121.18 CLP -35%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is PT Bank Central Asia Tbk (BBCA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 4,637 IDR versus a price of 6,375 IDR, about −27% (overvalued).
What is the fair value of BBCA?
Our model-based fair value for PT Bank Central Asia Tbk is 4,637 IDR (as of Aug 13, 2026), built from audited fundamentals. The current price is 6,375 IDR.
What is the quality score of BBCA?
PT Bank Central Asia Tbk has a Quality Score of 67/100. 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 revenue of PT Bank Central Asia Tbk (BBCA)?
PT Bank Central Asia Tbk reported trailing-twelve-month revenue of about 109T IDR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BBCA?
The net profit margin of PT Bank Central Asia Tbk is about 53.5%, meaning it keeps roughly 53.5% of revenue as net income. Based on the latest reported figures.
Does PT Bank Central Asia Tbk pay a dividend?
PT Bank Central Asia Tbk currently shows a dividend yield of about 6.62% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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