GDNGY (PT Gudang Garam Tbk) Cyclically Adjusted PS Ratio: 0.25 (As of Jul. 14, 2026) — 51% Below Median

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GDNGY PT Gudang Garam Tbk GDNGY
71 GF Score
Price $3.64
GF Value $3.20
Valuation Modestly Overvalued
! 7 Warning Signs
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What is PT Gudang Garam Tbk Cyclically Adjusted PS Ratio?

PT Gudang Garam Tbk GDNGY 71 Cyclically Adjusted PS Ratio is 0.25 as of Jul. 14, 2026, which is 51% below its 10-year median of 0.51. GuruFocus rates GDNGY with a GF Score™ of 71/100 and a GF Value™ of $3.20 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 34 Tobacco Products companies, PT Gudang Garam Tbk ranks better than 91.18% on this metric.

As of today (2026-07-14), PT Gudang Garam Tbk's current share price is $3.64. PT Gudang Garam Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $14.67. PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio for today is 0.25.

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

GDNGY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.51   Max: 2.4
Current: 0.27

During the past years, PT Gudang Garam Tbk's highest Cyclically Adjusted PS Ratio was 2.40. The lowest was 0.14. And the median was 0.51.

GDNGY's Cyclically Adjusted PS Ratio is ranked better than
91.18% of 34 companies
in the Tobacco Products industry
Industry Median: 1.925 vs GDNGY: 0.27

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 Gudang Garam Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was $2.470. 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 $14.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Gudang Garam Tbk  (OTCPK:GDNGY) 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 Gudang Garam Tbk Cyclically Adjusted PS Ratio Related Terms


PT Gudang Garam Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Gudang Garam 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 Gudang Garam Tbk Cyclically Adjusted PS Ratio Chart

PT Gudang Garam 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 0.62 0.33 0.35 0.22 0.23

PT Gudang Garam 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 0.17 0.15 0.23 0.23 0.23

GDNGY vs PM, MO, TPB: Cyclically Adjusted PS Ratio Comparison

For the Tobacco subindustry, PT Gudang Garam 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 Gudang Garam Tbk Cyclically Adjusted PS Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


GDNGY
71GF Score
PT Gudang Garam Tbk GDNGY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Gudang Garam 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 Gudang Garam Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.64/14.67
=0.25

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

For example, PT Gudang Garam 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)
=2.47/136.5387*136.5387
=2.470

Current CPI (Mar. 2026) = 136.5387.

PT Gudang Garam Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.953 103.212 3.906
201609 3.051 104.142 4.000
201612 3.108 105.222 4.033
201703 3.111 106.476 3.989
201706 3.168 107.722 4.015
201709 3.325 108.020 4.203
201712 3.341 109.017 4.184
201803 3.321 110.097 4.119
201806 3.465 111.085 4.259
201809 3.438 111.135 4.224
201812 3.703 112.430 4.497
201903 3.833 112.829 4.638
201906 3.869 114.730 4.604
201909 4.269 114.905 5.073
201912 4.273 115.486 5.052
202003 3.715 116.252 4.363
202006 3.859 116.630 4.518
202009 4.161 116.397 4.881
202012 4.562 117.318 5.309
202103 4.289 117.840 4.970
202106 4.469 118.184 5.163
202109 4.594 118.262 5.304
202112 4.760 119.516 5.438
202203 4.244 120.948 4.791
202206 4.585 123.322 5.076
202209 4.478 125.298 4.880
202212 4.096 126.098 4.435
202303 4.038 126.953 4.343
202306 3.633 127.663 3.886
202309 3.505 128.151 3.734
202312 4.985 129.395 5.260
202403 3.477 130.607 3.635
202406 3.025 130.792 3.158
202409 3.234 130.361 3.387
202412 3.210 131.432 3.335
202503 2.912 131.948 3.013
202506 2.715 133.241 2.782
202509 2.888 133.819 2.947
202512 2.746 135.271 2.772
202603 2.470 136.539 2.470

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 0.25 mean?
PT Gudang Garam Tbk (GDNGY) has a Cyclically Adjusted PS Ratio of 0.25 as of Jul. 14, 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 Gudang Garam Tbk and its competitors. This is 51% below median its historical median of 0.51. Over the past decade, PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio has ranged from 0.14 to 2.40. According to the industry distribution chart, PT Gudang Garam Tbk ranks #3 out of 34 companies in the Tobacco Products industry, placing it in the top 8.8%.
Is PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio too high?
PT Gudang Garam Tbk's current Cyclically Adjusted PS Ratio of 0.25 is 51% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 2.40. The Tobacco Products industry median Cyclically Adjusted PS Ratio is 1.93. PT Gudang Garam Tbk's value of 0.25 is 87% below this industry median. Based on the distribution chart, PT Gudang Garam Tbk ranks #3 out of 34 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, PT Gudang Garam Tbk has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, PT Gudang Garam Tbk ranks #3 out of 34 companies for Cyclically Adjusted PS Ratio. This places PT Gudang Garam Tbk in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.93. PT Gudang Garam Tbk's value of 0.25 is 87% below this benchmark. Historically, PT Gudang Garam Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.14 to 2.40 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.93, PT Gudang Garam Tbk has consistently been below 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 Tobacco Products company?
The median Cyclically Adjusted PS Ratio among Tobacco Products companies is 1.93, based on 34 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 Gudang Garam Tbk's current Cyclically Adjusted PS Ratio of 0.25 is 87% below 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 Gudang Garam Tbk and its competitors. For the Tobacco Products industry, the median Cyclically Adjusted PS Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gudang Garam Tbk's current Cyclically Adjusted PS Ratio is 0.25, which is 51% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (GDNGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.20, compared to a current price of $3.64 — trading 13.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.25, which is 51% below median its 10-year median of 0.51 and 87% below the Tobacco Products industry median of 1.93. PT Gudang Garam Tbk's overall GF Score™ is 71/100 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 Gudang Garam Tbk (GDNGY), the current Cyclically Adjusted PS Ratio is 0.25 as of Jul. 14, 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 Gudang Garam Tbk (GDNGY) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued. The current stock price of $3.64 is trading 13.8% above its estimated GF Value™ of $3.20. GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.

Key valuation signals for GDNGY:

  • Cyclically Adjusted PS Ratio: 0.25 (51% below median its 10-year median of 0.51)
  • GF Value™: $3.20 vs. price of $3.64 (13.8% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 87% below the Tobacco Products median (#3 of 34)

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


PT Gudang Garam Tbk Business Description

Address Jalan Semampir II/1, East Java, Kediri, IDN, 64121
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
71GF Score

Get the complete analysis for GDNGY

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

$3.64
Price
$3.20
GF Value