PT Harum Energy Tbk (FRA:44H) Cyclically Adjusted PS Ratio: 1.05 (As of Jul. 21, 2026) — 50% Below Median

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FRA:44H PT Harum Energy Tbk FRA:44H
76 GF Score
Price €0.03
GF Value €0.07
Valuation Possible Value Trap
! 7 Warning Signs
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What is PT Harum Energy Tbk Cyclically Adjusted PS Ratio?

PT Harum Energy Tbk FRA:44H +3.28% 76 Cyclically Adjusted PS Ratio is 1.05 as of Jul. 21, 2026, which is 50% below its 10-year median of 2.12. GuruFocus rates FRA:44H with a GF Score™ of 76/100 and a GF Value™ of €0.07 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 112 Other Energy Sources companies, PT Harum Energy Tbk ranks better than 50.89% on this metric.

As of today (2026-07-21), PT Harum Energy Tbk's current share price is €0.0315. PT Harum Energy Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.03. PT Harum Energy Tbk's Cyclically Adjusted PS Ratio for today is 1.05.

The historical rank and industry rank for PT Harum Energy Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:44H' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 2.12   Max: 5.94
Current: 1.03

During the past years, PT Harum Energy Tbk's highest Cyclically Adjusted PS Ratio was 5.94. The lowest was 0.43. And the median was 2.12.

FRA:44H's Cyclically Adjusted PS Ratio is ranked better than
50.89% of 112 companies
in the Other Energy Sources industry
Industry Median: 1.03 vs FRA:44H: 1.03

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

PT Harum Energy Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.023. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €0.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Harum Energy Tbk  (FRA:44H) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


PT Harum Energy Tbk Cyclically Adjusted PS Ratio Related Terms


PT Harum Energy Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Harum Energy Tbk's Cyclically Adjusted PS 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.

PT Harum Energy Tbk Cyclically Adjusted PS Ratio Chart

PT Harum Energy Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.44 3.36 2.66 1.71 1.42

PT Harum Energy 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 PS 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 1.09 1.23 1.57 1.42 1.27

PT Harum Energy Tbk Cyclically Adjusted PS Ratio Competitor Comparison

For the Thermal Coal subindustry, PT Harum Energy Tbk's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Harum Energy Tbk Cyclically Adjusted PS Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Harum Energy Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Harum Energy Tbk's Cyclically Adjusted PS Ratio falls into.


FRA:44H
76GF Score
PT Harum Energy Tbk FRA:44H
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Harum Energy Tbk Cyclically Adjusted PS Ratio Calculation

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

PT Harum Energy Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.0315/0.03
=1.05

* 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 Harum Energy Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Harum Energy Tbk's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.023/136.5387*136.5387
=0.023

Current CPI (Mar. 2026) = 136.5387.

PT Harum Energy Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.002 103.212 0.003
201609 0.003 104.142 0.004
201612 0.006 105.222 0.008
201703 0.006 106.476 0.008
201706 0.006 107.722 0.008
201709 0.005 108.020 0.006
201712 0.006 109.017 0.008
201803 0.005 110.097 0.006
201806 0.004 111.085 0.005
201809 0.005 111.135 0.006
201812 0.007 112.430 0.009
201903 0.005 112.829 0.006
201906 0.005 114.730 0.006
201909 0.004 114.905 0.005
201912 0.004 115.486 0.005
202003 0.004 116.252 0.005
202006 0.003 116.630 0.004
202009 0.002 116.397 0.002
202012 0.001 117.318 0.001
202103 0.004 117.840 0.005
202106 0.004 118.184 0.005
202109 0.006 118.262 0.007
202112 0.009 119.516 0.010
202203 0.010 120.948 0.011
202206 0.016 123.322 0.018
202209 0.025 125.298 0.027
202212 0.013 126.098 0.014
202303 0.021 126.953 0.023
202306 0.014 127.663 0.015
202309 0.011 128.151 0.012
202312 0.018 129.395 0.019
202403 0.018 130.607 0.019
202406 0.023 130.792 0.024
202409 0.025 130.361 0.026
202412 0.023 131.432 0.024
202503 0.021 131.948 0.022
202506 0.023 133.241 0.024
202509 0.024 133.819 0.024
202512 0.020 135.271 0.020
202603 0.023 136.539 0.023

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 1.05 mean?
PT Harum Energy Tbk (FRA:44H) has a Cyclically Adjusted PS Ratio of 1.05 as of Jul. 21, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Harum Energy Tbk and its competitors. This is 50% below median its historical median of 2.12. Over the past decade, PT Harum Energy Tbk's Cyclically Adjusted PS Ratio has ranged from 0.43 to 5.94. According to the industry distribution chart, PT Harum Energy Tbk ranks #55 out of 112 companies in the Other Energy Sources industry, placing it in the top 49.1%.
Is PT Harum Energy Tbk's Cyclically Adjusted PS Ratio too high?
PT Harum Energy Tbk's current Cyclically Adjusted PS Ratio of 1.05 is 50% below median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 5.94. The Other Energy Sources industry median Cyclically Adjusted PS Ratio is 1.03. PT Harum Energy Tbk's value of 1.05 is 1.9% above this industry median. Based on the distribution chart, PT Harum Energy Tbk ranks #55 out of 112 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, PT Harum Energy Tbk has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Harum Energy Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Harum Energy Tbk ranks #55 out of 112 companies for Cyclically Adjusted PS Ratio. This puts PT Harum Energy Tbk in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. PT Harum Energy Tbk's value of 1.05 is 1.9% above this benchmark. Historically, PT Harum Energy Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.43 to 5.94 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 1.03, PT Harum Energy Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Other Energy Sources company?
The median Cyclically Adjusted PS Ratio among Other Energy Sources companies is 1.03, based on 112 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Harum Energy Tbk's current Cyclically Adjusted PS Ratio of 1.05 is 1.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Harum Energy Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Harum Energy Tbk's current Cyclically Adjusted PS Ratio is 1.05, which is 50% below median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Harum Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Harum Energy Tbk (FRA:44H) is currently considered Possible Value Trap. The stock's GF Value™ is €0.07, compared to a current price of €0.03 — trading 55% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.05, which is 50% below median its 10-year median of 2.12 and 1.9% above the Other Energy Sources industry median of 1.03. PT Harum Energy Tbk's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PT Harum Energy Tbk (FRA:44H), the current Cyclically Adjusted PS Ratio is 1.05 as of Jul. 21, 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 Harum Energy Tbk (FRA:44H) Overvalued in 2026?

Based on GuruFocus' analysis, PT Harum Energy Tbk stock appears to be undervalued. The current stock price of €0.03 is trading 55% below its estimated GF Value™ of €0.07. GuruFocus considers PT Harum Energy Tbk to be Possible Value Trap.

Key valuation signals for FRA:44H:

  • Cyclically Adjusted PS Ratio: 1.05 (50% below median its 10-year median of 2.12)
  • GF Value™: €0.07 vs. price of €0.03 (55% below fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 1.9% above the Other Energy Sources median (#55 of 112)

No single metric tells the full story. See the FRA:44H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Harum Energy Tbk Business Description

Other Exchanges HRUM:Indonesia
Address Jalan Imam Bonjol No. 80, Deutsche Bank Building, 9th Floor, Jakarta Pusat, Jakarta, IDN, 10310
PT Harum Energy Tbk is a holding company engaged in the coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is broken down into various segments, which include Coal mining sectors; Rental and service sectors; Nickel Smelter; and Other sectors. It serves coal-fired power-generating and manufacturing companies. Geographically, the firm generates revenue from East Asia, South Asia, Southeast Asia, and Europe. The firm generates the majority of its revenue from the Nickel Smelter, which consists of the Nickel Smelter sector by IMI, WMI, and BSE.
76GF Score

Get the complete analysis for FRA:44H

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

€0.03
Price
€0.07
GF Value