PT Bank Negara Indonesia (Persero) Tbk (PBNNF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
PT Bank Negara Indonesia (Persero) Tbk (PBNNF) trades at $0.24. PT Bank Negara Indonesia (Persero) Tbk (PBNNF) is a leading Indonesian bank offering a wide range of financial products and services across multiple regions. Market cap: $8.95B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Jun 14, 2026Analyst Coverage for PBNNF: PBNNF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PBNNF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on PBNNF.
How is this calculated? →PT Bank Negara Indonesia (Persero) Tbk (PBNNF) Financial Services Profile
PT Bank Negara Indonesia (Persero) Tbk (PBNNF) is one of Indonesia's largest banks, providing a comprehensive suite of financial services, including retail and commercial banking, supported by a vast network and innovative digital platforms.
What Is the Investment Thesis for PBNNF?
PT Bank Negara Indonesia (Persero) Tbk (PBNNF) presents a robust investment thesis characterized by its low P/E ratio of 4.23 and a strong profit margin of 21.8%. The bank's ongoing digital transformation initiatives, including the expansion of its online banking services, are expected to drive customer acquisition and enhance operational efficiency. Furthermore, the bank's substantial dividend yield of 9.81% reflects its commitment to returning value to shareholders. As Indonesia's economy continues to grow, PBNNF is well-positioned to capitalize on increasing demand for banking services, particularly in underserved regions. However, investors should remain cognizant of potential risks, including regulatory changes and economic fluctuations that may impact the banking sector.
Based on FMP financials and quantitative analysis
PBNNF Key Highlights
Market Cap of $8.95B indicates a strong market presence within Indonesia's financial sector.
- P/E ratio of 4.23 is significantly lower than the industry average, suggesting potential undervaluation.
- Profit margin of 21.8% demonstrates effective cost management and operational efficiency.
- Dividend yield of 9.81% highlights the bank's commitment to shareholder returns.
- Gross margin of 59.5% reflects strong revenue generation capabilities.
Who Are PBNNF's Competitors?
PBNNF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| EGFEF Eurobank Ergasias Services and Holdings S.A. | $4.84 | +3.09% | $17.7B | 50 |
| NBGRY National Bank of Greece S.A. | $19.49 | +2.58% | $17.5B | 46 |
| BPCGF Banco Comercial Português, S.A. | $1.28 | +0.00% | $19.0B | 49 |
| BKNIY Bankinter, S.A. | $19.35 | +0.78% | $17.4B | 49 |
| KPCPY Kasikornbank Public Company Limited | $31.30 | +1.47% | $18.5B | 53 |
| BOKF BOK Financial Corporation | $139.84 | -0.36% | $8.50B | 95 |
| ZION Zions Bancorporation, National Association | $68.39 | +0.15% | $9.98B | 98 |
| FHN First Horizon Corporation | $24.87 | -3.68% | $11.8B | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PBNNF's Key Strengths?
Strong market position as one of Indonesia's largest banks.
- Extensive branch network providing broad customer access.
- Diverse product offerings catering to various sectors.
- Robust profit margins indicating operational efficiency.
What Are PBNNF's Weaknesses?
OTC trading may lead to lower liquidity compared to exchange-listed peers.
- Exposure to regulatory changes impacting the banking sector.
- Dependence on the Indonesian economy for growth and profitability.
- Limited international recognition compared to global banking giants.
What Could Drive PBNNF Stock Higher?
Continued expansion of digital banking services to enhance customer engagement.
- Strong dividend yield of 9.81% attracting income-focused investors.
- Growth in trade finance services as international trade volumes increase.
- Strategic initiatives to enhance operational efficiency and cost management.
- Potential entry into sustainable financing markets to attract environmentally-conscious clients.
What Are the Key Risks for PBNNF?
Financial-distress signal — its Altman Z-Score of 0.36 sits in the distress zone (elevated bankruptcy risk).
- Regulatory changes impacting the banking sector's operational framework.
- Economic fluctuations affecting loan demand and credit quality.
- Intense competition from fintech companies and traditional banks.
- Technological disruptions impacting traditional banking models.
What Are the Growth Opportunities for PBNNF?
- Digital Banking Expansion: PT Bank Negara Indonesia (Persero) Tbk is investing in digital banking solutions to enhance customer experience and streamline operations. The global digital banking market is expected to grow at a CAGR of 12.4% from 2021 to 2028, providing significant opportunities for PBNNF to capture new customers and increase transaction volumes through its digital platforms.
- Retail Banking Growth: With Indonesia's growing middle class and increasing demand for personal loans and credit facilities, PBNNF is well-positioned to expand its retail banking services. The retail banking sector in Indonesia is projected to grow at a CAGR of 10.5% over the next five years, driven by rising disposable incomes and consumer spending.
- Trade Finance Services: PT Bank Negara Indonesia (Persero) Tbk's comprehensive trade finance offerings, including import and export letters of credit, position it to benefit from the increasing volume of international trade. The global trade finance market is expected to reach $10 trillion by 2026, providing ample opportunity for growth in this segment.
- Sustainable Financing Initiatives: As sustainability becomes a priority for investors and consumers, PBNNF has the opportunity to lead in sustainable financing solutions. The green finance market is projected to grow significantly, with estimates suggesting a market size of $12 trillion by 2030, allowing PBNNF to attract environmentally-conscious clients and investors.
- Foreign Exchange Services: The bank's proprietary web-based platform, BNIFX, allows for direct digital foreign exchange transactions, catering to the growing demand for forex services.
What Are PBNNF's Competitive Advantages?
- Established brand reputation as one of Indonesia's largest banks.
- Extensive branch network enhances customer accessibility and service delivery.
- Strong digital banking initiatives position the bank competitively against fintech challengers.
- Diverse product offerings cater to a wide range of customer needs across sectors.
What Does PBNNF Do?
Founded in 1946, PT Bank Negara Indonesia (Persero) Tbk, headquartered in Jakarta Pusat, Indonesia, has evolved into one of the largest banks in the country, offering a diverse range of financial products and services. The bank operates extensively within Indonesia and has a significant international presence, with branches in key global financial centers such as New York, London, and Tokyo. Its core offerings include various deposit solutions, credit facilities for property acquisition, and a wide array of banking services, including treasury and transactional banking products. The bank's digital transformation has been marked by the introduction of platforms like BNIFX, which facilitates direct digital foreign exchange transactions. As of December 31, 2021, PBNNF operated 195 primary domestic branches, 1,097 sub-branches, and 874 additional service points, underscoring its extensive reach. The bank serves a diverse client base across critical sectors including agriculture, telecommunications, and mining, positioning itself as a vital player in Indonesia's financial landscape. With a strong emphasis on customer service and technological innovation, PT Bank Negara Indonesia aims to enhance its market position and adapt to the evolving financial environment.
What Products and Services Does PBNNF Offer?
- Provide a wide range of deposit solutions including checking, savings, and fixed-term deposits.
- Offer extensive credit facilities for property acquisition and construction financing.
- Facilitate digital banking services through SMS, internet, and mobile platforms.
- Deliver specialized treasury services and transactional banking products.
- Assist clients with financial analysis and portfolio management.
- Manage foreign exchange transactions and diverse investment products.
How Does PBNNF Make Money?
- Generate revenue through interest income from loans and credit facilities.
- Earn fees from transactional banking services and treasury operations.
- Collect income from foreign exchange transactions and investment products.
- Leverage a vast branch network to attract retail and corporate clients.
What Industry Does PBNNF Operate In?
The banking sector in Indonesia is experiencing robust growth, driven by increasing domestic consumption and a rising middle class. With a market size projected to expand significantly, banks are focusing on digital transformation to enhance customer engagement and streamline operations. PT Bank Negara Indonesia (Persero) Tbk (PBNNF) is well-positioned within this competitive landscape, facing peers such as Eurobank Ergasias Services and Holdings S.A. (EGFEF) and National Bank of Greece S.A. (NBGRY). The ongoing shift towards digital banking solutions presents both opportunities and challenges as traditional banks adapt to fintech innovations.
Who Are PBNNF's Key Customers?
- Serve individual retail customers seeking personal banking services.
- Support small to medium enterprises (SMEs) with financing and banking solutions.
- Provide services to large corporations and institutions across various sectors.
- Engage with international clients through overseas branches and representative offices.
Company Profile
PT Bank Negara Indonesia (Persero) Tbk operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Jakarta Pusat, ID. The company is led by CEO Putrama Wahju Setyawan. PBNNF has traded publicly since 2018.
How PT Bank Negara Indonesia (Persero) Tbk Is Valued
PT Bank Negara Indonesia (Persero) Tbk carries a market capitalization of $8.95B, placing it in the mid-cap category.
Key Financial Metrics
Return on equity for PT Bank Negara Indonesia (Persero) Tbk stands at 18.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.1%, showing how much profit it generates from its asset base. PBNNF trades at a trailing price-to-earnings ratio of 3.80, below the Financial Services sector average of ~18x. Its free cash flow yield is 79.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 4.86 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 26.3%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
PT Bank Negara Indonesia (Persero) Tbk's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.36 places it in the distress zone, a signal of elevated financial risk.
Forward Outlook
Wall Street analysts project PT Bank Negara Indonesia (Persero) Tbk revenue of about $68.88T for fiscal 2026, with EPS near $569.97. The estimate reflects 17 contributing analysts.
PBNNF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong market position as one of Indonesia's largest banks.
- Extensive branch network providing broad customer access.
- Diverse product offerings catering to various sectors.
- Robust profit margins indicating operational efficiency.
Bear Case
- OTC trading may lead to lower liquidity compared to exchange-listed peers.
- Exposure to regulatory changes impacting the banking sector.
- Dependence on the Indonesian economy for growth and profitability.
- Limited international recognition compared to global banking giants.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
PBNNF Latest News
No recent news available for PBNNF.
PBNNF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for PBNNF.
Price Targets
Wall Street price target analysis for PBNNF.
PBNNF MoonshotScore
What does this score mean?
The MoonshotScore rates PBNNF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Putrama Wahju Setyawan
CEO
Putrama Wahju Setyawan has extensive experience in the banking sector, having held various leadership roles within PT Bank Negara Indonesia since its inception. He possesses a strong background in finance and management, contributing to the bank's strategic direction and operational excellence.
Track Record: Under his leadership, PT Bank Negara Indonesia has achieved significant milestones, including the expansion of its digital banking services and the enhancement of its customer service capabilities, positioning the bank for future growth.
PBNNF OTC Market Information
The OTC Other tier represents stocks that do not meet the requirements for higher tiers like NYSE or NASDAQ. This tier includes companies that may have less stringent reporting obligations, which can affect transparency and investor confidence.
- OTC Tier: OTC Other
- Lower liquidity compared to stocks listed on major exchanges.
- Potential for higher volatility due to lower trading volumes.
- Less stringent disclosure requirements may affect transparency.
- Increased susceptibility to market manipulation.
- Review the company's financial statements for accuracy and completeness.
- Assess the management team's experience and track record.
- Monitor regulatory developments impacting the banking sector.
- Evaluate the competitive landscape and market positioning.
- Consider the company's growth strategies and risk management practices.
- Established brand reputation in the Indonesian banking sector.
- Presence of international branches and representative offices.
- Strong financial performance metrics indicating operational success.
Common Questions About PBNNF (Financial Services)
What does PT Bank Negara Indonesia (Persero) Tbk do?
PT Bank Negara Indonesia (Persero) Tbk offers a comprehensive range of financial products and services, including various deposit solutions, credit facilities for property acquisition, and digital banking services. The bank caters to individual and corporate clients, providing tailored financial solutions across multiple sectors.
What do analysts say about PBNNF stock?
Analysts generally view PT Bank Negara Indonesia (Persero) Tbk as a strong player in the Indonesian banking sector, highlighting its low P/E ratio of 4.23 and robust profit margin of 21.8%. The bank's ongoing digital transformation and commitment to shareholder returns through dividends are also noted as positive factors.
What are the main risks for PBNNF?
PT Bank Negara Indonesia (Persero) Tbk faces several risks, including potential regulatory changes that could impact its operations and profitability. Additionally, economic fluctuations in Indonesia may affect loan demand and credit quality, while competition from fintech companies poses a challenge to its market position.
What are the key factors to evaluate for PBNNF?
Evaluate PBNNF on fundamentals, analyst consensus, and risk factors. PT Bank Negara Indonesia (Persero) Tbk (PBNNF) presents a robust investment thesis characterized by its low P/E ratio of 4.23 and a strong profit margin of 21.8%. Not financial advice.
How frequently does PBNNF data refresh on this page?
PBNNF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven PBNNF's recent stock price performance?
PT Bank Negara Indonesia (Persero) Tbk (PBNNF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position as one of Indonesia's largest banks. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider PBNNF overvalued or undervalued right now?
PT Bank Negara Indonesia (Persero) Tbk (PBNNF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research PBNNF before investing?
Before investing in PT Bank Negara Indonesia (Persero) Tbk (PBNNF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the latest available financial reports and market analysis.