PT Bank Jago Tbk

IDX:ARTO Stock Report

Market Cap: Rp28.7t

Bank Jago Valuation

Is ARTO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARTO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Rp45.9
Fair Value
4.4k% overvalued intrinsic discount
14
Number of Analysts

Below Fair Value: Insufficient data to calculate ARTO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ARTO's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARTO?

Key metric: As ARTO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ARTO. This is calculated by dividing ARTO's market cap by their current earnings.
What is ARTO's PE Ratio?
PE Ratio118.7x
EarningsRp241.82b
Market CapRp28.69t

Price to Earnings Ratio vs Peers

How does ARTO's PE Ratio compare to its peers?

The above table shows the PE ratio for ARTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.6x
NISP Bank OCBC NISP
6.5x16.81%Rp31.4t
BBHI Allo Bank Indonesia
58.9xn/aRp32.1t
PNBN Bank Pan Indonesia
6.4x-14.54%Rp26.4t
BDMN Bank Danamon Indonesia
6.7x4.27%Rp24.5t
ARTO Bank Jago
118.7x60.83%Rp28.7t

Price-To-Earnings vs Peers: ARTO is expensive based on its Price-To-Earnings Ratio (118.7x) compared to the peer average (19.6x).

Price to Earnings Ratio vs Industry

How does ARTO's PE Ratio compare vs other companies in the ID Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
ARTO 118.7xIndustry Avg. 17.7xNo. of Companies15PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARTO is expensive based on its Price-To-Earnings Ratio (118.7x) compared to the ID Banks industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is ARTO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio118.7x
Fair PE Ratio21.5x

Price-To-Earnings vs Fair Ratio: ARTO is expensive based on its Price-To-Earnings Ratio (118.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARTO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp2,070.00
Rp2,556.64
+23.51%
15.73%Rp3,100.00Rp1,700.00n/a14
Nov ’26Rp2,190.00
Rp2,484.56
+13.45%
15.43%Rp3,100.00Rp1,600.00n/a16
Oct ’26Rp2,150.00
Rp2,446.56
+13.79%
15.49%Rp3,300.00Rp1,600.00n/a16
Sep ’26Rp2,170.00
Rp2,495.25
+14.99%
18.02%Rp3,459.00Rp1,600.00n/a16
Aug ’26Rp1,850.00
Rp2,495.25
+34.88%
18.02%Rp3,459.00Rp1,600.00n/a16
Jul ’26Rp1,810.00
Rp2,570.88
+42.04%
18.36%Rp3,459.00Rp1,600.00n/a16
Jun ’26Rp1,830.00
Rp2,581.00
+41.04%
19.46%Rp3,459.00Rp1,600.00n/a14
May ’26Rp1,850.00
Rp2,632.79
+42.31%
19.20%Rp3,459.00Rp1,600.00n/a14
Apr ’26Rp1,465.00
Rp2,818.50
+92.39%
17.38%Rp3,900.00Rp2,000.00n/a14
Mar ’26Rp1,755.00
Rp3,219.93
+83.47%
13.89%Rp3,900.00Rp2,250.00n/a14
Feb ’26Rp2,250.00
Rp3,219.93
+43.11%
13.89%Rp3,900.00Rp2,250.00n/a14
Jan ’26Rp2,430.00
Rp3,386.29
+39.35%
12.94%Rp4,000.00Rp2,250.00n/a14
Dec ’25Rp2,640.00
Rp3,371.29
+27.70%
13.61%Rp4,000.00Rp2,250.00Rp2,010.0014
Nov ’25Rp2,800.00
Rp3,357.00
+19.89%
13.91%Rp4,000.00Rp2,250.00Rp2,190.0014
Oct ’25Rp3,040.00
Rp3,020.21
-0.65%
15.47%Rp3,900.00Rp2,250.00Rp2,150.0014
Sep ’25Rp2,870.00
Rp3,020.21
+5.23%
15.47%Rp3,900.00Rp2,250.00Rp2,170.0014
Aug ’25Rp2,710.00
Rp2,960.93
+9.26%
20.98%Rp4,200.00Rp1,650.00Rp1,850.0014
Jul ’25Rp2,380.00
Rp2,836.87
+19.20%
28.35%Rp4,500.00Rp1,650.00Rp1,810.0015
Jun ’25Rp2,410.00
Rp2,842.87
+17.96%
27.99%Rp4,500.00Rp1,740.00Rp1,830.0015
May ’25Rp2,150.00
Rp2,900.87
+34.92%
27.86%Rp4,500.00Rp1,740.00Rp1,850.0015
Apr ’25Rp2,590.00
Rp2,958.87
+14.24%
27.19%Rp4,500.00Rp1,740.00Rp1,465.0015
Mar ’25Rp2,690.00
Rp3,111.87
+15.68%
40.20%Rp6,600.00Rp1,600.00Rp1,755.0015
Feb ’25Rp3,170.00
Rp3,111.87
-1.83%
40.20%Rp6,600.00Rp1,600.00Rp2,250.0015
Jan ’25Rp2,900.00
Rp2,918.43
+0.64%
44.57%Rp6,600.00Rp1,600.00Rp2,430.0014
Dec ’24Rp3,490.00
Rp2,868.43
-17.81%
44.59%Rp6,600.00Rp1,600.00Rp2,640.0014
Rp2.56k
Fair Value
19.0% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/05 00:58
End of Day Share Price 2025/12/05 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Bank Jago Tbk is covered by 24 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yulinda HartantoCGS International
Handy NoverdaniusCGS International
Ferry WongCitigroup Inc