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PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Shiller PE Ratio : 18.63 (As of May. 12, 2024)


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What is PT Bank Mandiri (Persero) Tbk Shiller PE Ratio?

As of today (2024-05-12), PT Bank Mandiri (Persero) Tbk's current share price is Rp6275.00. PT Bank Mandiri (Persero) Tbk's E10 for the quarter that ended in Dec. 2023 was Rp336.81. PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio for today is 18.63.

The historical rank and industry rank for PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio or its related term are showing as below:

ISX:BMRI' s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.77   Med: 14.83   Max: 21.97
Current: 18.63

During the past years, PT Bank Mandiri (Persero) Tbk's highest Shiller PE Ratio was 21.97. The lowest was 4.77. And the median was 14.83.

ISX:BMRI's Shiller PE Ratio is ranked worse than
86.17% of 1135 companies
in the Banks industry
Industry Median: 10.37 vs ISX:BMRI: 18.63

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

PT Bank Mandiri (Persero) Tbk's adjusted earnings per share data for the three months ended in Dec. 2023 was Rp204.890. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is Rp336.81 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank Mandiri (Persero) Tbk Shiller PE Ratio Historical Data

The historical data trend for PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio can be seen below:

* 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.

* Premium members only.

PT Bank Mandiri (Persero) Tbk Shiller PE Ratio Chart

PT Bank Mandiri (Persero) Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 12.94 13.54 16.77 17.96

PT Bank Mandiri (Persero) Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.77 16.95 16.59 18.67 17.96

Competitive Comparison of PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio

For the Banks - Regional subindustry, PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Mandiri (Persero) Tbk's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio falls into.



PT Bank Mandiri (Persero) Tbk Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

PT Bank Mandiri (Persero) Tbk's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=6275.00/336.81
=18.63

* 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 Mandiri (Persero) Tbk's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, PT Bank Mandiri (Persero) Tbk's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=204.89/128.8650*128.8650
=204.890

Current CPI (Dec. 2023) = 128.8650.

PT Bank Mandiri (Persero) Tbk Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 52.763 92.483 73.519
201406 49.938 93.015 69.185
201409 52.158 94.576 71.068
201412 58.054 98.819 75.705
201503 55.055 98.388 72.109
201506 51.278 99.766 66.234
201509 49.908 101.037 63.654
201512 61.633 102.133 77.765
201603 40.895 102.764 51.282
201606 34.965 103.212 43.655
201609 52.852 104.142 65.399
201612 19.215 105.222 23.533
201703 43.705 106.476 52.895
201706 57.686 107.722 69.009
201709 121.347 108.020 144.763
201712 59.685 109.017 70.552
201803 62.785 110.097 73.488
201806 67.695 111.085 78.530
201809 63.360 111.135 73.469
201812 74.180 112.430 85.024
201903 77.495 112.829 88.509
201906 67.480 114.730 75.794
201909 71.990 114.905 80.736
201912 77.485 115.486 86.462
202003 84.815 116.252 94.017
202006 25.500 116.630 28.175
202009 40.030 116.397 44.318
202012 29.745 117.318 32.673
202103 63.460 117.840 69.397
202106 70.580 118.184 76.959
202109 72.140 118.262 78.608
202112 94.350 119.516 101.730
202203 107.560 120.948 114.600
202206 109.047 123.324 113.947
202209 111.895 125.300 115.079
202212 135.690 126.099 138.666
202303 134.575 126.954 136.601
202306 135.768 127.666 137.043
202309 148.196 128.155 149.018
202312 204.890 128.865 204.890

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


PT Bank Mandiri (Persero) Tbk  (ISX:BMRI) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


PT Bank Mandiri (Persero) Tbk Shiller PE Ratio Related Terms

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PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Gatot Subroto Kav. 36-38, Plaza Mandiri, Jakarta, IDN, 12190
PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its wide range of products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank's strategy emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries.

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