PT Bank Rakyat Indonesia (Persero) Tbk

IDX:BBRI Stock Report

Market Cap: Rp635.7t

Bank Rakyat Indonesia (Persero) Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 BBRI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
Rp4.17k
Fair Value
1.3% overvalued intrinsic discount
21
Number of Analysts

Below Fair Value: BBRI (IDR4220) is trading above our estimate of fair value (IDR4165.28)

Significantly Below Fair Value: BBRI is trading above our estimate of fair value.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BBRI. This is calculated by dividing BBRI's market cap by their current earnings.
What is BBRI's PE Ratio?
PE Ratio10.4x
EarningsRp61.17t
Market CapRp635.74t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BBRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.9x
BMRI Bank Mandiri (Persero)
9.7x7.9%Rp562.3t
BBCA Bank Central Asia
21.2x8.3%Rp1164.9t
BBNI Bank Negara Indonesia (Persero)
8.3x9.4%Rp177.7t
BRIS Bank Syariah Indonesia
20.4x18.4%Rp135.2t
BBRI Bank Rakyat Indonesia (Persero)
10.4x7.5%Rp635.7t

Price-To-Earnings vs Peers: BBRI is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (14.9x).


Price to Earnings Ratio vs Industry

How does BBRI'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
BBRI 10.4xIndustry Avg. 19.2xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BBRI is good value based on its Price-To-Earnings Ratio (10.4x) compared to the ID Banks industry average (19.2x).


Price to Earnings Ratio vs Fair Ratio

What is BBRI'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.

BBRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.4x
Fair PE Ratio9.2x

Price-To-Earnings vs Fair Ratio: BBRI is expensive based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (9.2x).


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 BBRI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRp4,220.00
Rp5,478.19
+29.8%
11.3%Rp6,800.00Rp3,600.00n/a21
Jan ’26Rp4,080.00
Rp5,635.33
+38.1%
8.4%Rp6,800.00Rp4,500.00n/a21
Dec ’25Rp4,250.00
Rp5,756.76
+35.5%
8.6%Rp6,800.00Rp4,500.00n/a21
Nov ’25Rp4,700.00
Rp5,839.14
+24.2%
8.7%Rp6,800.00Rp4,500.00n/a21
Oct ’25Rp5,075.00
Rp5,924.29
+16.7%
10.3%Rp6,800.00Rp4,000.00n/a21
Sep ’25Rp5,150.00
Rp5,842.62
+13.4%
10.5%Rp6,770.00Rp4,000.00n/a21
Aug ’25Rp4,750.00
Rp5,845.48
+23.1%
10.3%Rp6,770.00Rp4,000.00n/a21
Jul ’25Rp4,630.00
Rp6,092.27
+31.6%
11.1%Rp7,200.00Rp4,300.00n/a22
Jun ’25Rp4,340.00
Rp6,209.65
+43.1%
8.5%Rp7,200.00Rp5,200.00n/a23
May ’25Rp4,940.00
Rp6,295.50
+27.4%
9.2%Rp7,200.00Rp5,200.00n/a24
Apr ’25Rp5,925.00
Rp6,671.75
+12.6%
6.7%Rp7,550.00Rp5,800.00n/a24
Mar ’25Rp6,125.00
Rp6,604.04
+7.8%
5.7%Rp7,200.00Rp5,800.00n/a24
Feb ’25Rp5,750.00
Rp6,482.42
+12.7%
7.0%Rp7,200.00Rp5,200.00Rp4,220.0024
Jan ’25Rp5,725.00
Rp6,269.48
+9.5%
6.4%Rp7,000.00Rp5,200.00Rp4,080.0023
Dec ’24Rp5,350.00
Rp6,241.26
+16.7%
6.0%Rp7,000.00Rp5,200.00Rp4,250.0023
Nov ’24Rp4,830.00
Rp6,218.71
+28.8%
6.2%Rp7,000.00Rp5,200.00Rp4,700.0024
Oct ’24Rp5,225.00
Rp6,174.52
+18.2%
6.9%Rp7,000.00Rp5,200.00Rp5,075.0023
Sep ’24Rp5,575.00
Rp6,168.82
+10.7%
6.1%Rp6,800.00Rp5,200.00Rp5,150.0022
Aug ’24Rp5,700.00
Rp6,056.77
+6.3%
6.2%Rp6,800.00Rp5,200.00Rp4,750.0022
Jul ’24Rp5,425.00
Rp6,019.95
+11.0%
6.8%Rp6,800.00Rp5,200.00Rp4,630.0022
Jun ’24Rp5,575.00
Rp5,833.65
+4.6%
8.2%Rp6,800.00Rp4,800.00Rp4,340.0023
May ’24Rp5,100.00
Rp5,705.17
+11.9%
7.2%Rp6,300.00Rp4,800.00Rp4,940.0023
Apr ’24Rp4,730.00
Rp5,558.87
+17.5%
6.7%Rp6,200.00Rp4,800.00Rp5,925.0023
Mar ’24Rp4,720.00
Rp5,548.16
+17.5%
6.5%Rp6,200.00Rp4,800.00Rp6,125.0025
Feb ’24Rp4,680.00
Rp5,494.16
+17.4%
5.9%Rp6,200.00Rp4,800.00Rp5,750.0025
Analyst Price Target
Consensus Narrative from 21 Analysts
Rp5.48k
Fair Value
23.0% undervalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/01 20:44
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

PT Bank Rakyat Indonesia (Persero) Tbk is covered by 42 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anish TawakleyBarclays
Wannapa AsavatevavithBNP Paribas Securities (Asia)
Anand SwaminathanBofA Global Research