PT Indoritel Makmur Internasional Tbk (ISX:DNET) Cyclically Adjusted Price-to-FCF: (As of Aug. 11, 2026)

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Director of Data and Quant Analytics at GuruFocus
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ISX:DNET PT Indoritel Makmur Internasional Tbk ISX:DNET
88 GF Score
Price Rp10,000.00
GF Value Rp10,096.72
Valuation Fairly Valued
! 5 Warning Signs
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What is PT Indoritel Makmur Internasional Tbk Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indoritel Makmur Internasional Tbk  (ISX:DNET) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


PT Indoritel Makmur Internasional Tbk Cyclically Adjusted Price-to-FCF Related Terms


PT Indoritel Makmur Internasional Tbk Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted Price-to-FCF 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted Price-to-FCF Chart

PT Indoritel Makmur Internasional Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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PT Indoritel Makmur Internasional Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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ISX:DNET vs VZ, TMUS, T: Cyclically Adjusted Price-to-FCF Comparison

For the Telecom Services subindustry, PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted Price-to-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted Price-to-FCF falls into.


ISX:DNET
88GF Score
PT Indoritel Makmur Internasional Tbk ISX:DNET
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indoritel Makmur Internasional Tbk Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Indoritel Makmur Internasional 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)
=-18.077/137.6954*137.6954
=-18.077

Current CPI (Jun. 2026) = 137.6954.

PT Indoritel Makmur Internasional Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -4.381 104.142 -5.792
201612 -8.073 105.222 -10.564
201703 -5.859 106.476 -7.577
201706 -4.319 107.722 -5.521
201709 4.308 108.020 5.491
201712 -15.795 109.017 -19.950
201803 -8.803 110.097 -11.010
201806 -13.244 111.085 -16.417
201809 -21.306 111.135 -26.398
201812 -4.793 112.430 -5.870
201903 -22.322 112.829 -27.242
201906 -4.230 114.730 -5.077
201909 -39.920 114.905 -47.838
201912 -7.876 115.486 -9.391
202003 -17.250 116.252 -20.432
202006 -15.001 116.630 -17.710
202009 -15.810 116.397 -18.703
202012 -7.349 117.318 -8.625
202103 -10.069 117.840 -11.766
202106 -10.139 118.184 -11.813
202109 -11.698 118.262 -13.620
202112 1.233 119.516 1.421
202203 -8.468 120.948 -9.641
202206 -8.613 123.322 -9.617
202209 -9.388 125.298 -10.317
202212 2.555 126.098 2.790
202303 -8.913 126.953 -9.667
202306 -9.011 127.663 -9.719
202309 -5.253 128.151 -5.644
202312 18.738 129.395 19.940
202403 -12.894 130.607 -13.594
202406 -21.295 130.792 -22.419
202409 -11.254 130.361 -11.887
202412 16.512 131.432 17.299
202503 -14.431 131.948 -15.060
202506 -15.188 133.241 -15.696
202509 -16.479 133.819 -16.956
202512 7.830 135.271 7.970
202603 -15.594 136.539 -15.726
202606 -18.077 137.695 -18.077

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

Is PT Indoritel Makmur Internasional Tbk (ISX:DNET) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk stock appears to be undervalued. The current stock price of Rp10,000.00 is trading 1% below its estimated GF Value™ of Rp10,096.72. GuruFocus considers PT Indoritel Makmur Internasional Tbk to be Fairly Valued.

Key valuation signals for ISX:DNET:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: Rp10,096.72 vs. price of Rp10,000.00 (1% below fair value)
  • GF Score™: 88/100 with 5 warning signs

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


PT Indoritel Makmur Internasional Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 70-71, Gedung Wisma Indocement Lantai 10, South Jakarta, Jakarta, IDN, 12910
PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers.
88GF Score

Get the complete analysis for ISX:DNET

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

Rp10,000.00
Price
Rp10,096.72
GF Value