PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) Cyclically Adjusted FCF per Share: Rp202.80 (As of Sep. 2025)

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ISX:MREI PT Maskapai Reasuransi Indonesia Tbk ISX:MREI
63 GF Score
Price Rp920.00
GF Value Rp1,520.96
Valuation Significantly Undervalued
! 2 Warning Signs
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What is PT Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted FCF per Share?

PT Maskapai Reasuransi Indonesia Tbk ISX:MREI 63 Cyclically Adjusted FCF per Share is Rp202.80 as of Sep. 2025. GuruFocus rates ISX:MREI with a GF Score™ of 63/100 and a GF Value™ of Rp1,520.96 (Significantly Undervalued). The stock has 2 warning signs investors should review.

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

PT Maskapai Reasuransi Indonesia Tbk's adjusted free cash flow per share for the three months ended in Sep. 2025 was Rp97.990. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is Rp202.80 for the trailing ten years ended in Sep. 2025.

During the past 12 months, PT Maskapai Reasuransi Indonesia Tbk's average Cyclically Adjusted FCF Growth Rate was -15.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-08-06), PT Maskapai Reasuransi Indonesia Tbk's current stock price is Rp920.00. PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2025 was Rp202.80. PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is 4.54.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Maskapai Reasuransi Indonesia Tbk was 23.49. The lowest was 3.20. And the median was 5.53.


PT Maskapai Reasuransi Indonesia Tbk  (ISX:MREI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=920.00/202.80
=4.54

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Maskapai Reasuransi Indonesia Tbk was 23.49. The lowest was 3.20. And the median was 5.53.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


PT Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted FCF per Share Related Terms


PT Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted FCF per Share 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.

PT Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted FCF per Share Chart

PT Maskapai Reasuransi Indonesia Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 233.05 224.78 218.60

PT Maskapai Reasuransi Indonesia Tbk Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Cyclically Adjusted FCF per Share 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 240.14 218.60 189.69 201.93 202.80

ISX:MREI vs RGA, EG, RNR: Cyclically Adjusted FCF per Share Comparison

For the Insurance - Reinsurance subindustry, PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted Price-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted Price-to-FCF falls into.


ISX:MREI
63GF Score
PT Maskapai Reasuransi Indonesia Tbk ISX:MREI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted FCF per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

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.

For example, PT Maskapai Reasuransi Indonesia Tbk's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=97.99/133.8190*133.8190
=97.990

Current CPI (Sep. 2025) = 133.8190.

PT Maskapai Reasuransi Indonesia Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201512 166.735 102.133 218.464
201603 75.049 102.764 97.729
201606 88.316 103.212 114.505
201609 6.041 104.142 7.762
201612 160.957 105.222 204.702
201703 146.803 106.476 184.502
201706 -54.067 107.722 -67.166
201709 151.381 108.020 187.535
201712 46.194 109.017 56.703
201803 124.625 110.097 151.478
201806 22.841 111.085 27.516
201809 -18.257 111.135 -21.984
201812 -63.018 112.430 -75.007
201903 67.840 112.829 80.461
201906 108.151 114.730 126.145
201909 42.979 114.905 50.054
201912 252.824 115.486 292.959
202003 138.624 116.252 159.571
202006 155.200 116.630 178.074
202009 23.930 116.397 27.512
202012 210.458 117.318 240.059
202103 49.983 117.840 56.761
202106 4.519 118.184 5.117
202109 -217.158 118.262 -245.725
202112 -116.967 119.516 -130.965
202203 -186.846 120.948 -206.729
202206 -80.039 123.322 -86.852
202209 212.671 125.298 227.133
202212 -39.147 126.098 -41.544
202303 -214.361 126.953 -225.955
202306 78.395 127.663 82.175
202309 151.072 128.151 157.753
202312 81.952 129.395 84.754
202403 -16.143 130.607 -16.540
202406 -27.326 130.792 -27.959
202409 213.244 130.361 218.901
202412 -40.339 131.432 -41.072
202503 -159.808 131.948 -162.074
202506 41.058 133.241 41.236
202509 97.990 133.819 97.990

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of Rp202.80 mean?
PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) has a Cyclically Adjusted FCF per Share of Rp202.80 as of Sep. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on PT Maskapai Reasuransi Indonesia Tbk and its competitors.
Is PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted FCF per Share too high?
PT Maskapai Reasuransi Indonesia Tbk's current Cyclically Adjusted FCF per Share is Rp202.80. Overall, PT Maskapai Reasuransi Indonesia Tbk has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted FCF per Share compare to RGA and EG?
PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted FCF per Share of Rp202.80 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for an Insurance company?
A good Cyclically Adjusted FCF per Share depends on the Insurance industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on PT Maskapai Reasuransi Indonesia Tbk and its competitors. PT Maskapai Reasuransi Indonesia Tbk's current Cyclically Adjusted FCF per Share is Rp202.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Maskapai Reasuransi Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp1,520.96, compared to a current price of Rp920.00 — trading 39.5% below its estimated fair value. The current Cyclically Adjusted FCF per Share is Rp202.80. PT Maskapai Reasuransi Indonesia Tbk's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI), the current Cyclically Adjusted FCF per Share is Rp202.80 as of Sep. 2025. 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 Maskapai Reasuransi Indonesia Tbk (ISX:MREI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Maskapai Reasuransi Indonesia Tbk stock appears to be undervalued. The current stock price of Rp920.00 is trading 39.5% below its estimated GF Value™ of Rp1,520.96. GuruFocus considers PT Maskapai Reasuransi Indonesia Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MREI:

  • Cyclically Adjusted FCF per Share: Rp202.80
  • GF Value™: Rp1,520.96 vs. price of Rp920.00 (39.5% below fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the ISX:MREI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Maskapai Reasuransi Indonesia Tbk Business Description

Address Jalan Jend. Sudirman Kav. 76-78, Plaza Marein, 18th Floor, Jakarta, IDN, 12910
PT Maskapai Reasuransi Indonesia Tbk is involved in the reinsurance business across Indonesia. Its divisions are Life Reinsurance and General Reinsurance. The company's business offering includes fire, marine cargo, marine hull, motor vehicles, and life reinsurance products. Some of its products include personal accidents, lines, marine, critical illness, disability, and health.
63GF Score

Get the complete analysis for ISX:MREI

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp920.00
Price
Rp1,520.96
GF Value