PT Telkom Indonesia (Persero) Tbk (FRA:TCID) Cyclically Adjusted PS Ratio: 1.43 (As of Jul. 17, 2026) — 50% Below Median

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FRA:TCID PT Telkom Indonesia (Persero) Tbk FRA:TCID
83 GF Score
Price €0.11
GF Value €0.17
Valuation Significantly Undervalued
! 4 Warning Signs
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What is PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio?

PT Telkom Indonesia (Persero) Tbk FRA:TCID -16.18% 83 Cyclically Adjusted PS Ratio is 1.43 as of Jul. 17, 2026, which is 50% below its 10-year median of 2.84. GuruFocus rates FRA:TCID with a GF Score™ of 83/100 and a GF Value™ of €0.17 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 301 Telecommunication Services companies, PT Telkom Indonesia (Persero) Tbk ranks worse than 58.14% on this metric.

As of today (2026-07-17), PT Telkom Indonesia (Persero) Tbk's current share price is €0.114. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.08. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio for today is 1.43.

The historical rank and industry rank for PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:TCID' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.84   Max: 4.55
Current: 1.57

During the past years, PT Telkom Indonesia (Persero) Tbk's highest Cyclically Adjusted PS Ratio was 4.55. The lowest was 1.50. And the median was 2.84.

FRA:TCID's Cyclically Adjusted PS Ratio is ranked worse than
58.14% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.15 vs FRA:TCID: 1.57

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 Telkom Indonesia (Persero) Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.019. 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 €0.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Telkom Indonesia (Persero) Tbk  (FRA:TCID) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Related Terms


PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Chart

PT Telkom Indonesia (Persero) 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 3.06 2.63 2.65 1.76 2.19

PT Telkom Indonesia (Persero) 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 1.56 1.78 1.95 2.19 1.90

FRA:TCID vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio falls into.


FRA:TCID
83GF Score
PT Telkom Indonesia (Persero) Tbk FRA:TCID
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.114/0.08
=1.43

* 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Telkom Indonesia (Persero) 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)
=0.019/136.5387*136.5387
=0.019

Current CPI (Mar. 2026) = 136.5387.

PT Telkom Indonesia (Persero) Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.020 103.212 0.026
201609 0.020 104.142 0.026
201612 0.022 105.222 0.029
201703 0.022 106.476 0.028
201706 0.022 107.722 0.028
201709 0.021 108.020 0.027
201712 0.020 109.017 0.025
201803 0.019 110.097 0.024
201806 0.020 111.085 0.025
201809 0.020 111.135 0.025
201812 0.019 112.430 0.023
201903 0.022 112.829 0.027
201906 0.022 114.730 0.026
201909 0.022 114.905 0.026
201912 0.021 115.486 0.025
202003 0.020 116.252 0.023
202006 0.021 116.630 0.025
202009 0.019 116.397 0.022
202012 0.021 117.318 0.024
202103 0.020 117.840 0.023
202106 0.021 118.184 0.024
202109 0.022 118.262 0.025
202112 0.023 119.516 0.026
202203 0.022 120.948 0.025
202206 0.024 123.322 0.027
202209 0.025 125.298 0.027
202212 0.023 126.098 0.025
202303 0.022 126.953 0.024
202306 0.023 127.663 0.025
202309 0.023 128.151 0.025
202312 0.023 129.395 0.024
202403 0.022 130.607 0.023
202406 0.022 130.792 0.023
202409 0.022 130.361 0.023
202412 0.023 131.432 0.024
202503 0.021 131.948 0.022
202506 0.020 133.241 0.020
202509 0.019 133.819 0.019
202512 0.019 135.271 0.019
202603 0.019 136.539 0.019

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 1.43 mean?
PT Telkom Indonesia (Persero) Tbk (FRA:TCID) has a Cyclically Adjusted PS Ratio of 1.43 as of Jul. 17, 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 Telkom Indonesia (Persero) Tbk and its competitors. This is 50% below median its historical median of 2.84. Over the past decade, PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.55. According to the industry distribution chart, PT Telkom Indonesia (Persero) Tbk ranks #175 out of 301 companies in the Telecommunication Services industry, placing it in the top 58.1%.
Is PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio too high?
PT Telkom Indonesia (Persero) Tbk's current Cyclically Adjusted PS Ratio of 1.43 is 50% below median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 4.55. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.15. PT Telkom Indonesia (Persero) Tbk's value of 1.43 is 24.3% above this industry median. Based on the distribution chart, PT Telkom Indonesia (Persero) Tbk ranks #175 out of 301 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, PT Telkom Indonesia (Persero) Tbk has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PT Telkom Indonesia (Persero) Tbk ranks #175 out of 301 companies for Cyclically Adjusted PS Ratio. This places PT Telkom Indonesia (Persero) Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.15. PT Telkom Indonesia (Persero) Tbk's value of 1.43 is 24.3% above this benchmark. Historically, PT Telkom Indonesia (Persero) Tbk's own Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.55 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.15, PT Telkom Indonesia (Persero) 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 a Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.15, based on 301 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 Telkom Indonesia (Persero) Tbk's current Cyclically Adjusted PS Ratio of 1.43 is 24.3% 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 Telkom Indonesia (Persero) Tbk and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Telkom Indonesia (Persero) Tbk's current Cyclically Adjusted PS Ratio is 1.43, which is 50% below median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Telkom Indonesia (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Telkom Indonesia (Persero) Tbk (FRA:TCID) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.17, compared to a current price of €0.11 — trading 32.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.43, which is 50% below median its 10-year median of 2.84 and 24.3% above the Telecommunication Services industry median of 1.15. PT Telkom Indonesia (Persero) Tbk's overall GF Score™ is 83/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PT Telkom Indonesia (Persero) Tbk (FRA:TCID), the current Cyclically Adjusted PS Ratio is 1.43 as of Jul. 17, 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 Telkom Indonesia (Persero) Tbk (FRA:TCID) Overvalued in 2026?

Based on GuruFocus' analysis, PT Telkom Indonesia (Persero) Tbk stock appears to be undervalued. The current stock price of €0.11 is trading 32.9% below its estimated GF Value™ of €0.17. GuruFocus considers PT Telkom Indonesia (Persero) Tbk to be Significantly Undervalued.

Key valuation signals for FRA:TCID:

  • Cyclically Adjusted PS Ratio: 1.43 (50% below median its 10-year median of 2.84)
  • GF Value™: €0.17 vs. price of €0.11 (32.9% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 24.3% above the Telecommunication Services median (#175 of 301)

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


PT Telkom Indonesia (Persero) Tbk Business Description

Address Jalan Japati No. 1, West Java, Bandung, IDN, 40133
PT Telkom Indonesia (Persero) Tbk is the integrated telecommunications provider in Indonesia. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services. It derives revenue from product lines: Mobile, Consumer, Enterprise, WIB, and Others. The firm has identified five reportable segments, namely B2C, B2B Infra, B2B ICT, International, and Others. The firm generates the majority of its revenue from the B2C segment.
83GF Score

Get the complete analysis for FRA:TCID

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

€0.11
Price
€0.17
GF Value