BBNI:IDXPT Bank Negara Indonesia (Persero) Tbk Class B Analysis

PT Bank Negara Indonesia (Persero) Tbk trades at a **price‑earnings multiple of 7.9**, well below the industry average of 16.3, and its price‑to‑book ratio sits under 1, indicating a clear *undervaluation* opportunity. The stock also offers an **8.24% dividend yield** with a payout ratio of roughly 70%, although the sustainability of this payout is questionable given the negative operating cash flow. Analyst consensus is strongly positive ("strong_buy") with a median target of 5,200 IDR, implying an upside of about 18% from the current 4,240 IDR price.
Technically, the share is below its 20‑day (4,368), 50‑day (4,409) and 200‑day (4,295) SMAs, the RSI sits at 39 indicating modest oversold pressure, and the MACD histogram is negative, signaling short‑term bearish momentum. However, volume is increasing, support sits at 4,120 IDR and the broader market sentiment is in a "Greed" phase (Fear‑Greed Index 72.9), suggesting a potential bounce if buying pressure resumes.