PT Waskita Karya (Persero) Tbk (ISX:WSKT) Cyclically Adjusted FCF per Share: Rp-622.63 (As of Jun. 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:WSKT PT Waskita Karya (Persero) Tbk ISX:WSKT
8 GF Score
Price Rp202.00
GF Value Rp365.94
! 3 Warning Signs
View Full Analysis

What is PT Waskita Karya (Persero) Tbk Cyclically Adjusted FCF per Share?

PT Waskita Karya (Persero) Tbk ISX:WSKT 8 Cyclically Adjusted FCF per Share is Rp-622.63 as of Jun. 2026. GuruFocus rates ISX:WSKT with a GF Score™ of 8/100 and a GF Value™ of Rp365.94. The stock has 3 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 Waskita Karya (Persero) Tbk's adjusted free cash flow per share for the three months ended in Jun. 2026 was Rp-25.403. 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 Rp-622.63 for the trailing ten years ended in Jun. 2026.

During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 47.00% 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 Waskita Karya (Persero) Tbk was 60.90% per year. The lowest was 0.00% per year. And the median was 59.40% per year.

As of today (2026-09-03), PT Waskita Karya (Persero) Tbk's current stock price is Rp202.00. PT Waskita Karya (Persero) Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was Rp-622.63. PT Waskita Karya (Persero) Tbk's Cyclically Adjusted Price-to-FCF of today is .


PT Waskita Karya (Persero) Tbk  (ISX:WSKT) 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.


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 Waskita Karya (Persero) Tbk Cyclically Adjusted FCF per Share Related Terms


PT Waskita Karya (Persero) Tbk Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PT Waskita Karya (Persero) 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 Waskita Karya (Persero) Tbk Cyclically Adjusted FCF per Share Chart

PT Waskita Karya (Persero) 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 -11,185.03 -719.19 -727.81 -749.02 -719.77

PT Waskita Karya (Persero) Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -746.31 -756.26 -719.77 -696.85 -622.63

ISX:WSKT vs JCI, J, PWR: Cyclically Adjusted FCF per Share Comparison

For the Engineering & Construction subindustry, PT Waskita Karya (Persero) 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 Waskita Karya (Persero) Tbk Cyclically Adjusted Price-to-FCF vs Construction Industry

For the Construction industry and Industrials sector, PT Waskita Karya (Persero) Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Waskita Karya (Persero) Tbk's Cyclically Adjusted Price-to-FCF falls into.


ISX:WSKT
8GF Score
PT Waskita Karya (Persero) Tbk ISX:WSKT
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Waskita Karya (Persero) 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 Waskita Karya (Persero) Tbk's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-25.403/137.6954*137.6954
=-25.403

Current CPI (Jun. 2026) = 137.6954.

PT Waskita Karya (Persero) Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -178.859 104.142 -236.484
201612 -266.808 105.222 -349.150
201703 -289.732 106.476 -374.684
201706 -915.482 107.722 -1,170.218
201709 -214.512 108.020 -273.442
201712 -720.157 109.017 -909.605
201803 -323.138 110.097 -404.142
201806 -434.475 111.085 -538.555
201809 -373.787 111.135 -463.121
201812 90.225 112.430 110.501
201903 -738.764 112.829 -901.584
201906 -463.783 114.730 -556.617
201909 -204.831 114.905 -245.458
201912 988.056 115.486 1,178.073
202003 49.139 116.252 58.203
202006 -264.236 116.630 -311.962
202009 -241.988 116.397 -286.268
202012 -17.187 117.318 -20.172
202103 51.603 117.840 60.298
202106 -40.334 118.184 -46.993
202109 -144.972 118.262 -168.795
202112 107.945 119.516 124.364
202203 -23.451 120.948 -26.698
202206 23.385 123.322 26.110
202209 -59.767 125.298 -65.680
202212 -89.297 126.098 -97.510
202303 -49.898 126.953 -54.120
202306 -28.242 127.663 -30.461
202309 13.383 128.151 14.380
202312 67.231 129.395 71.544
202403 2.189 130.607 2.308
202406 -63.710 130.792 -67.073
202409 -71.404 130.361 -75.421
202412 -31.379 131.432 -32.874
202503 -50.707 131.948 -52.916
202506 -28.168 133.241 -29.110
202509 -29.503 133.819 -30.358
202512 12.698 135.271 12.926
202603 -39.806 136.539 -40.143
202606 -25.403 137.695 -25.403

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 Rp-622.63 mean?
PT Waskita Karya (Persero) Tbk (ISX:WSKT) has a Cyclically Adjusted FCF per Share of Rp-622.63 as of Jun. 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 Waskita Karya (Persero) Tbk and its competitors.
Is PT Waskita Karya (Persero) Tbk's Cyclically Adjusted FCF per Share too high?
PT Waskita Karya (Persero) Tbk's current Cyclically Adjusted FCF per Share is Rp-622.63. Overall, PT Waskita Karya (Persero) Tbk has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does PT Waskita Karya (Persero) Tbk's Cyclically Adjusted FCF per Share compare to JCI and J?
PT Waskita Karya (Persero) Tbk's Cyclically Adjusted FCF per Share of Rp-622.63 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted FCF per Share depends on the Construction 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 Waskita Karya (Persero) Tbk and its competitors. PT Waskita Karya (Persero) Tbk's current Cyclically Adjusted FCF per Share is Rp-622.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Waskita Karya (Persero) Tbk stock overvalued right now?
PT Waskita Karya (Persero) Tbk (ISX:WSKT) has a current Cyclically Adjusted FCF per Share of Rp-622.63. The stock's GF Value™ is Rp365.94, compared to a current price of Rp202.00 — trading 44.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is Rp-622.63. PT Waskita Karya (Persero) Tbk's overall GF Score™ is 8/100 with 3 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 Waskita Karya (Persero) Tbk (ISX:WSKT), the current Cyclically Adjusted FCF per Share is Rp-622.63 as of Jun. 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 Waskita Karya (Persero) Tbk (ISX:WSKT) Overvalued in 2026?

Based on GuruFocus' analysis, PT Waskita Karya (Persero) Tbk stock appears to be undervalued. The current stock price of Rp202.00 is trading 44.8% below its estimated GF Value™ of Rp365.94.

Key valuation signals for ISX:WSKT:

  • Cyclically Adjusted FCF per Share: Rp-622.63
  • GF Value™: Rp365.94 vs. price of Rp202.00 (44.8% below fair value)
  • GF Score™: 8/100 with 3 warning signs

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


PT Waskita Karya (Persero) Tbk Business Description

Address Jalan Letjen M.T. Haryono Kav. 10, RT 11/RW 11, Cawang, Kramat Jati, Cipinang Cempedak, Jatinegara, Kota Jakarta Timur, Daerah Khusus Ibuk, Jakarta, IDN, 13340
PT Waskita Karya (Persero) Tbk is engaged in investment, construction, and manufacturing activities. Its construction services include civil and building works, while its investment activities comprise toll roads, realty, and non-toll road infrastructure. The Company is also engaged in toll road development, precast concrete, fabrication, services, and other infrastructure activities. The Group operates through Construction, Toll, Precast, Property and Hotel, Other Infrastructure, and Building Rental segments.
8GF Score

Get the complete analysis for ISX:WSKT

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

Rp202.00
Price
Rp365.94
GF Value