PT Panin Financial TbkISX:PNLF -1.82%72 WACC % is 40.87% as of Jul. 08, 2026, which is 218% above its 10-year median of 12.87. GuruFocus rates ISX:PNLF with a GF Score™ of 72/100 and a GF Value™ of Rp276.52 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,543 Banks companies, PT Panin Financial Tbk ranks worse than 95.27% on this metric.
As of today (2026-07-08), PT Panin Financial Tbk's weighted average cost of capital is 40.87%%. PT Panin Financial Tbk's ROIC % is 0.00% (calculated using TTM income statement data).
PT Panin Financial Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.
For a comprehensive WACC calculation, please access the WACC Calculator.
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, PT Panin Financial Tbk's weighted average cost of capital is 40.87%%. PT Panin Financial Tbk's ROIC % is 0.00% (calculated using TTM income statement data).
PT Panin Financial Tbk earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
* 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.
For the Banks - Regional subindustry, PT Panin Financial Tbk's WACC %, along with its competitors' market caps and WACC % 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 Panin Financial Tbk WACC % vs Banks Industry
For the Banks industry and Financial Services sector, PT Panin Financial Tbk's WACC % distribution charts can be found below:
* The bar in red indicates where PT Panin Financial Tbk's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, PT Panin Financial Tbk's market capitalization (E) is Rp6916767.831 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, PT Panin Financial Tbk's latest one-year quarterly average Book Value of Debt (D) is Rp7353788.4 Mil.
a) weight of equity = E / (E + D) = 6916767.831 / (6916767.831 + 7353788.4) = 0.4847
b) weight of debt = D / (E + D) = 7353788.4 / (6916767.831 + 7353788.4) = 0.5153
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.577%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. PT Panin Financial Tbk's beta is 0.8308.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.577% + 0.8308 * 6% = 9.5618%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Mar. 2026, PT Panin Financial Tbk's interest expense (positive number) was Rp6581159 Mil. Its total Book Value of Debt (D) is Rp7353788.4 Mil.
Cost of Debt = 6581159 / 7353788.4 = 89.4935%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 1061091 / 4954422 = 21.42%.
PT Panin Financial Tbk's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.4847
*
9.5618%
+
0.5153
*
89.4935%
*
(1 - 21.42%)
=
40.87%
* 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 Panin Financial Tbk (ISX:PNLF) has a WACC % of 40.87% as of Jul. 08, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on PT Panin Financial Tbk and its competitors. This is 218% above median its historical median of 12.87. Over the past decade, PT Panin Financial Tbk's WACC % has ranged from 8.51 to 68.86. According to the industry distribution chart, PT Panin Financial Tbk ranks #1470 out of 1543 companies in the Banks industry, placing it in the top 95.3%.
Is PT Panin Financial Tbk's WACC % too high?
PT Panin Financial Tbk's current WACC % of 40.87% is 218% above median its 10-year median of 12.87. Over the past 10 years, this metric has ranged from a low of 8.51 to a high of 68.86. The Banks industry median WACC % is 13.17. PT Panin Financial Tbk's value of 40.87% is 210.3% above this industry median. Based on the distribution chart, PT Panin Financial Tbk ranks #1470 out of 1543 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, PT Panin Financial Tbk has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Panin Financial Tbk's WACC % compare to competitors?
According to the Banks industry distribution chart, PT Panin Financial Tbk ranks #1470 out of 1543 companies for WACC %. This places PT Panin Financial Tbk in the lower half of its industry. The industry median WACC % is 13.17. PT Panin Financial Tbk's value of 40.87% is 210.3% above this benchmark. Historically, PT Panin Financial Tbk's own WACC % has ranged from 8.51 to 68.86 over the past decade. While the company's 10-year median is 12.87 vs. the industry median of 13.17, PT Panin Financial Tbk has consistently been above 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 WACC % for a Banks company?
The median WACC % among Banks companies is 13.17, based on 1,543 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Panin Financial Tbk's current WACC % of 40.87% is 210.3% above 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on PT Panin Financial Tbk and its competitors. For the Banks industry, the median WACC % is 13.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Panin Financial Tbk's current WACC % is 40.87%, which is 218% above median its own 10-year median of 12.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Panin Financial Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Panin Financial Tbk (ISX:PNLF) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp276.52, compared to a current price of Rp216.00 — trading 21.9% below its estimated fair value. The current WACC % is 40.87%, which is 218% above median its 10-year median of 12.87 and 210.3% above the Banks industry median of 13.17. PT Panin Financial Tbk's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For PT Panin Financial Tbk (ISX:PNLF), the current WACC % is 40.87% as of Jul. 08, 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 Panin Financial Tbk (ISX:PNLF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Panin Financial Tbk stock appears to be undervalued.
The current stock price of Rp216.00 is trading 21.9% below its estimated GF Value™ of Rp276.52.
GuruFocus considers PT Panin Financial Tbk to be Modestly Undervalued.
Key valuation signals for ISX:PNLF:
WACC %: 40.87% (218% above median its 10-year median of 12.87)
GF Value™: Rp276.52 vs. price of Rp216.00 (21.9% below fair value)
Industry Position: 210.3% above the Banks median (#1470 of 1543)
No single metric tells the full story. See the ISX:PNLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Panin Financial Tbk is an Indonesian company in providing management, business, and administration consulting services. The company is also engaged in providing life insurance, health insurance, personal insurance, and annuity business. The company's reportable segments are Life insurance and business consulting services, and Banking and Multi-finance.
72GF Score
Get the complete analysis for ISX:PNLF
WACC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:PNLF has been successfully added to your 
