PT Bank Danamon Indonesia Tbk (FRA:HX9) Cyclically Adjusted PS Ratio: (As of Aug. 08, 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.

FRA:HX9 PT Bank Danamon Indonesia Tbk FRA:HX9
51 GF Score
Price €0.21
GF Value €0.14
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT Bank Danamon Indonesia Tbk Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank Danamon Indonesia Tbk  (FRA:HX9) 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 Bank Danamon Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms


PT Bank Danamon Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Bank Danamon Indonesia 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 Bank Danamon Indonesia Tbk Cyclically Adjusted PS Ratio Chart

PT Bank Danamon Indonesia 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 1.04 1.20 1.25 1.16 1.11

PT Bank Danamon Indonesia 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 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 1.10 1.09 1.11 1.14 1.66

PT Bank Danamon Indonesia Tbk Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, PT Bank Danamon Indonesia 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 Bank Danamon Indonesia Tbk Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, PT Bank Danamon Indonesia Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Danamon Indonesia Tbk's Cyclically Adjusted PS Ratio falls into.


FRA:HX9
51GF Score
PT Bank Danamon Indonesia Tbk FRA:HX9
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bank Danamon Indonesia 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 Bank Danamon Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bank Danamon Indonesia Tbk's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.037/137.6954*137.6954
=0.037

Current CPI (Jun. 2026) = 137.6954.

PT Bank Danamon Indonesia Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.034 104.142 0.045
201612 0.036 105.222 0.047
201703 0.036 106.476 0.047
201706 0.034 107.722 0.043
201709 0.022 108.020 0.028
201712 0.029 109.017 0.037
201803 0.027 110.097 0.034
201806 0.028 111.085 0.035
201809 0.027 111.135 0.033
201812 0.028 112.430 0.034
201903 0.028 112.829 0.034
201906 0.027 114.730 0.032
201909 0.030 114.905 0.036
201912 0.032 115.486 0.038
202003 0.033 116.252 0.039
202006 0.025 116.630 0.030
202009 0.025 116.397 0.030
202012 0.025 117.318 0.029
202103 0.025 117.840 0.029
202106 0.026 118.184 0.030
202109 0.026 118.262 0.030
202112 0.030 119.516 0.035
202203 0.028 120.948 0.032
202206 0.028 123.322 0.031
202209 0.030 125.298 0.033
202212 0.029 126.098 0.032
202303 0.029 126.953 0.031
202306 0.029 127.663 0.031
202309 0.030 128.151 0.032
202312 0.031 129.395 0.033
202403 0.029 130.607 0.031
202406 0.029 130.792 0.031
202409 0.030 130.361 0.032
202412 0.040 131.432 0.042
202503 0.031 131.948 0.032
202506 0.037 133.241 0.038
202509 0.015 133.819 0.015
202512 0.039 135.271 0.040
202603 0.031 136.539 0.031
202606 0.037 137.695 0.037

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.

Is PT Bank Danamon Indonesia Tbk (FRA:HX9) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank Danamon Indonesia Tbk stock appears to be overvalued. The current stock price of €0.21 is trading 47.1% above its estimated GF Value™ of €0.14. GuruFocus considers PT Bank Danamon Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for FRA:HX9:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.14 vs. price of €0.21 (47.1% above fair value)
  • GF Score™: 51/100 with 6 warning signs

No single metric tells the full story. See the FRA:HX9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Bank Danamon Indonesia Tbk Business Description

Other Exchanges BDMN:IndonesiaHX9:Germany
Address Menara Bank Danamon, Jalan HR. Rasuna Said, Blok C No. 10, 17th Floor, Karet Setiabudi, Kuningan, Jakarta, IDN, 12920
PT Bank Danamon Indonesia Tbk is an Indonesia-based company that is principally engaged in providing banking services. The company's core business segments consist of the retail business segment, which includes micro banking, retail banking, a credit card business, insurance, consumer financing, and syariah banking, and the wholesale business segment, which provides commercial and corporate customers with products such as cash management, trade finance, financial supply chain, loans, and foreign exchange transactions. It generates maximum revenue from the retail business segment.
51GF Score

Get the complete analysis for FRA:HX9

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

€0.21
Price
€0.14
GF Value