Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
PBNNF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.4 Max: 0.49
Current: 0.39
During the past 13 years, the highest Debt-to-Equity Ratio of PT Bank Negara Indonesia (Persero) Tbk was 0.49. The lowest was 0.25. And the median was 0.40.
PBNNF's Debt-to-Equity is ranked better than 62.31% of 1422
companies
in the Banks industry
Industry Median: 0.58
vs PBNNF: 0.39
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
PT Bank Negara Indonesia (Persero) Tbk Debt-to-Equity Related Terms
PT Bank Negara Indonesia (Persero) Tbk Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PT Bank Negara Indonesia (Persero) Tbk Debt-to-Equity Chart
PT Bank Negara Indonesia (Persero) Tbk Annual Data
PT Bank Negara Indonesia (Persero) Tbk Debt-to-Equity Competitor Comparison
For the Banks - Regional subindustry, PT Bank Negara Indonesia (Persero) Tbk's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PT Bank Negara Indonesia (Persero) Tbk Debt-to-Equity vs Banks Industry
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PT Bank Negara Indonesia (Persero) Tbk (PBNNF) has a Debt-to-Equity of 0.39 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Bank Negara Indonesia (Persero) Tbk and its competitors. This is near median its historical median of 0.40. Over the past decade, PT Bank Negara Indonesia (Persero) Tbk's Debt-to-Equity has ranged from 0.25 to 0.49. According to the industry distribution chart, PT Bank Negara Indonesia (Persero) Tbk ranks #536 out of 1422 companies in the Banks industry, placing it in the top 37.7%.
Is PT Bank Negara Indonesia (Persero) Tbk's Debt-to-Equity too high?
PT Bank Negara Indonesia (Persero) Tbk's current Debt-to-Equity of 0.39 is near median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.49. The Banks industry median Debt-to-Equity is 0.58. PT Bank Negara Indonesia (Persero) Tbk's value of 0.39 is 32.8% below this industry median. Based on the distribution chart, PT Bank Negara Indonesia (Persero) Tbk ranks #536 out of 1422 companies in the Banks industry, which is above the industry midpoint. Overall, PT Bank Negara Indonesia (Persero) Tbk has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank Negara Indonesia (Persero) Tbk's Debt-to-Equity compare to competitors?
According to the Banks industry distribution chart, PT Bank Negara Indonesia (Persero) Tbk ranks #536 out of 1422 companies for Debt-to-Equity. This puts PT Bank Negara Indonesia (Persero) Tbk in the upper half of its industry. The industry median Debt-to-Equity is 0.58. PT Bank Negara Indonesia (Persero) Tbk's value of 0.39 is 32.8% below this benchmark. Historically, PT Bank Negara Indonesia (Persero) Tbk's own Debt-to-Equity has ranged from 0.25 to 0.49 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.58, PT Bank Negara Indonesia (Persero) Tbk has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.58, based on 1,422 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Bank Negara Indonesia (Persero) Tbk's current Debt-to-Equity of 0.39 is 32.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Bank Negara Indonesia (Persero) Tbk and its competitors. For the Banks industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bank Negara Indonesia (Persero) Tbk's current Debt-to-Equity is 0.39, which is near median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank Negara Indonesia (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank Negara Indonesia (Persero) Tbk (PBNNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.27, compared to a current price of $0.24 — trading 11.1% below its estimated fair value. The current Debt-to-Equity is 0.39, which is near median its 10-year median of 0.40 and 32.8% below the Banks industry median of 0.58. PT Bank Negara Indonesia (Persero) Tbk's overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PT Bank Negara Indonesia (Persero) Tbk (PBNNF), the current Debt-to-Equity is 0.39 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PT Bank Negara Indonesia (Persero) Tbk (PBNNF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Bank Negara Indonesia (Persero) Tbk stock appears to be undervalued.
The current stock price of $0.24 is trading 11.1% below its estimated GF Value™ of $0.27.
GuruFocus considers PT Bank Negara Indonesia (Persero) Tbk to be Modestly Undervalued.
Key valuation signals for PBNNF:
Debt-to-Equity: 0.39 (near median its 10-year median of 0.40)
GF Value™: $0.27 vs. price of $0.24 (11.1% below fair value)
Industry Position: 32.8% below the Banks median (#536 of 1422)
No single metric tells the full story. See the PBNNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. Its main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its segments include Wholesale & International Banking, Institutional Banking, Enterprises & Commercial Banking, Retail Banking and Treasury. The company generates the majority of its revenue from the Wholesale & International Banking segment which includes loans, customer deposits, and other transactions belonging to corporate customers, both BUMN and private business entities.
56GF Score
Get the complete analysis for PBNNF
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PBNNF has been successfully added to your 
