PT Bank Central Asia Tbk (BBCA) share price closed up 0.12 percent at Rp 21,525 per share on Wednesday (27/12). At this price, shares of the bank owned by conglomerates Bambang Hartono and Robert Budi Hartono became the most expensive among the top 10 largest publicly capitalized banks on the Indonesia Stock Exchange.
According to Bloomberg data, Bank BCA's price-to-earnings ratio (PER) reached 23.73 times. Similarly, its price-to-book value (PBV) ratio was 4.16 times. Both ratios indicate that the bank, formerly owned by the Salim Group conglomerate, is the most expensive compared to the other nine large banks.
Meanwhile, the second most expensive bank was PT Bank Mayapada Tbk, with a PE Ratio of 23.07 times its earnings per share (EPS). Third place was PT Bank Mandiri (Persero) Tbk (BMRI), with a price-to-earnings ratio reaching 22.07 times. The three PE Ratios of the largest capitalized banks mentioned above are higher than the sector's PE of 21.24 times.
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