Indo-MathEdu Intellectuals Journal
Vol. 6 No. 6 (2025): Indo-MathEdu Intellectuals Journal

Analisis Nilai Wajar Saham BJBR dengan Price To Book Value, Dividend Discount Models dan Free Cash Flow To Equity

Mutia, Ajeng Fitriani (Unknown)
Sibarani, Mentiana (Unknown)



Article Info

Publish Date
30 Oct 2025

Abstract

This research aims to analyze the BJBR stock fundamentally for the period 2020-2024. It uses absolute methods, namely Price To Book Value (PBV), Dividend Discount Models (DDM), and Free Cash Flow To Equity (FCFE), to determine whether the stock is undervalued, overvalued, or fairly valued, and this will also provide investment decision recommendations for investors. This type of research is qualitative with a descriptive approach. The main object of this research is PT. Bank Pembangunan Daerah Jawa Barat dan Banten, Tbk (BJBR Stock) for the period 2018-2022. The sampling technique used in this research is purposive sampling. This company was selected as the object of research considering that it is the largest regional development bank in Indonesia with a substantial total asset. The results of the research using the Price To Book Value (PBV) method indicate that the stock is undervalued. In using the Dividend Discount Model (DDM), the stock is in an undervalued condition. Furthermore, using the Free Cash Flow To Equity (FCFE) method shows that the stock is in an undervalued condition. Factors that also influence the market price of the stock include investors' expectations and perceptions of the bank's performance in the future, so with a perception of declining financial performance, demand decreases and stock prices also decline

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Journal Info

Abbrev

imeij

Publisher

Subject

Mathematics

Description

Indo-MathEdu Intellectuals Journal is a fully refereed (double-blind peer review) and an open-access online journal for academics, researchers, graduate students, early-career researchers and students, published by Lembaga Intelektual Muda (LIM) Maluku. IMEIJ is a periodical publication (two times a ...