PT Pembangunan Jaya Ancol Tbk (ISX:PJAA) Cyclically Adjusted FCF per Share: Rp15.77 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:PJAA PT Pembangunan Jaya Ancol Tbk ISX:PJAA
81 GF Score
Price Rp450.00
GF Value Rp572.16
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is PT Pembangunan Jaya Ancol Tbk Cyclically Adjusted FCF per Share?

PT Pembangunan Jaya Ancol Tbk ISX:PJAA -0.44% 81 Cyclically Adjusted FCF per Share is Rp15.77 as of Mar. 2026. GuruFocus rates ISX:PJAA with a GF Score™ of 81/100 and a GF Value™ of Rp572.16 (Modestly Undervalued). The stock has 4 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 Pembangunan Jaya Ancol Tbk's adjusted free cash flow per share for the three months ended in Mar. 2026 was Rp117.738. 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 Rp15.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Pembangunan Jaya Ancol Tbk's average Cyclically Adjusted FCF Growth Rate was -11.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -21.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of PT Pembangunan Jaya Ancol Tbk was -21.70% per year. The lowest was -21.70% per year. And the median was -21.70% per year.

As of today (2026-08-02), PT Pembangunan Jaya Ancol Tbk's current stock price is Rp450.00. PT Pembangunan Jaya Ancol Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was Rp15.77. PT Pembangunan Jaya Ancol Tbk's Cyclically Adjusted Price-to-FCF of today is 28.54.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Pembangunan Jaya Ancol Tbk was 83.21. The lowest was 19.06. And the median was 29.94.


PT Pembangunan Jaya Ancol Tbk  (ISX:PJAA) 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 Pembangunan Jaya Ancol Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=450.00/15.77
=28.54

* 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 Pembangunan Jaya Ancol Tbk was 83.21. The lowest was 19.06. And the median was 29.94.


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 Pembangunan Jaya Ancol Tbk Cyclically Adjusted FCF per Share Related Terms


PT Pembangunan Jaya Ancol Tbk Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PT Pembangunan Jaya Ancol 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 Pembangunan Jaya Ancol Tbk Cyclically Adjusted FCF per Share Chart

PT Pembangunan Jaya Ancol Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 19.36 30.66 12.40 9.30

PT Pembangunan Jaya Ancol Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 17.91 6.97 11.31 9.30 15.77

ISX:PJAA vs AS, HAS, LTH: Cyclically Adjusted FCF per Share Comparison

For the Leisure subindustry, PT Pembangunan Jaya Ancol 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 Pembangunan Jaya Ancol Tbk Cyclically Adjusted Price-to-FCF vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Pembangunan Jaya Ancol Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Pembangunan Jaya Ancol Tbk's Cyclically Adjusted Price-to-FCF falls into.


ISX:PJAA
81GF Score
PT Pembangunan Jaya Ancol Tbk ISX:PJAA
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Pembangunan Jaya Ancol 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 Pembangunan Jaya Ancol Tbk's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=117.738/136.5387*136.5387
=117.738

Current CPI (Mar. 2026) = 136.5387.

PT Pembangunan Jaya Ancol Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -13.534 103.212 -17.904
201609 28.111 104.142 36.856
201612 104.646 105.222 135.791
201703 23.612 106.476 30.279
201706 7.960 107.722 10.089
201709 -55.878 108.020 -70.630
201712 1.378 109.017 1.726
201803 -28.885 110.097 -35.822
201806 -10.053 111.085 -12.357
201809 -39.203 111.135 -48.164
201812 -6.829 112.430 -8.293
201903 -43.554 112.829 -52.707
201906 -0.162 114.730 -0.193
201909 -36.251 114.905 -43.076
201912 17.917 115.486 21.183
202003 -51.189 116.252 -60.122
202006 -70.605 116.630 -82.657
202009 -12.123 116.397 -14.221
202012 18.689 117.318 21.751
202103 -21.629 117.840 -25.061
202106 -8.741 118.184 -10.099
202109 -64.029 118.262 -73.924
202112 18.548 119.516 21.190
202203 17.501 120.948 19.757
202206 65.288 123.322 72.285
202209 -22.687 125.298 -24.722
202212 61.589 126.098 66.689
202303 65.513 126.953 70.460
202306 82.202 127.663 87.917
202309 -12.694 128.151 -13.525
202312 -9.520 129.395 -10.046
202403 4.246 130.607 4.439
202406 17.404 130.792 18.169
202409 -49.078 130.361 -51.404
202412 17.205 131.432 17.874
202503 0.130 131.948 0.135
202506 -8.943 133.241 -9.164
202509 33.696 133.819 34.381
202512 32.800 135.271 33.107
202603 117.738 136.539 117.738

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 Rp15.77 mean?
PT Pembangunan Jaya Ancol Tbk (ISX:PJAA) has a Cyclically Adjusted FCF per Share of Rp15.77 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on PT Pembangunan Jaya Ancol Tbk and its competitors.
Is PT Pembangunan Jaya Ancol Tbk's Cyclically Adjusted FCF per Share too high?
PT Pembangunan Jaya Ancol Tbk's current Cyclically Adjusted FCF per Share is Rp15.77. Overall, PT Pembangunan Jaya Ancol Tbk has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Pembangunan Jaya Ancol Tbk's Cyclically Adjusted FCF per Share compare to AS and HAS?
PT Pembangunan Jaya Ancol Tbk's Cyclically Adjusted FCF per Share of Rp15.77 can be compared against companies in the Travel & Leisure 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 a Travel & Leisure company?
A good Cyclically Adjusted FCF per Share depends on the Travel & Leisure 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 Pembangunan Jaya Ancol Tbk and its competitors. PT Pembangunan Jaya Ancol Tbk's current Cyclically Adjusted FCF per Share is Rp15.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pembangunan Jaya Ancol Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pembangunan Jaya Ancol Tbk (ISX:PJAA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp572.16, compared to a current price of Rp450.00 — trading 21.4% below its estimated fair value. The current Cyclically Adjusted FCF per Share is Rp15.77. PT Pembangunan Jaya Ancol Tbk's overall GF Score™ is 81/100 with 4 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 Pembangunan Jaya Ancol Tbk (ISX:PJAA), the current Cyclically Adjusted FCF per Share is Rp15.77 as of Mar. 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 Pembangunan Jaya Ancol Tbk (ISX:PJAA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Pembangunan Jaya Ancol Tbk stock appears to be undervalued. The current stock price of Rp450.00 is trading 21.4% below its estimated GF Value™ of Rp572.16. GuruFocus considers PT Pembangunan Jaya Ancol Tbk to be Modestly Undervalued.

Key valuation signals for ISX:PJAA:

  • Cyclically Adjusted FCF per Share: Rp15.77
  • GF Value™: Rp572.16 vs. price of Rp450.00 (21.4% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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


PT Pembangunan Jaya Ancol Tbk Business Description

Address Ecovention Building - Ecopark, Jalan Lodan Timur Number 7, Taman Impian Jaya Ancol, North Jakarta, IDN, 14430
PT Pembangunan Jaya Ancol Tbk operates its business activities by classifying products and services into five market segments: Tourism, Property, Resort, Culinary segments, and Meeting, Incentives, and Conference and Exhibition (MICE). Its segments include the tourism Segment: the Real Estate Segment; and the Trading and Services Segment. The Tourism Segment derives the majority of the revenue by providing activities related to the management of tourism areas, traveling shows, and lodging.
81GF Score

Get the complete analysis for ISX:PJAA

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

Rp450.00
Price
Rp572.16
GF Value