PT Asuransi Multi Artha Guna Tbk (ISX:AMAG) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ISX:AMAG PT Asuransi Multi Artha Guna Tbk ISX:AMAG
58 GF Score
Price Rp386.00
GF Value Rp609.94
Valuation Significantly Undervalued
! 2 Warning Signs
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What is PT Asuransi Multi Artha Guna Tbk Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Asuransi Multi Artha Guna Tbk  (ISX:AMAG) 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 Asuransi Multi Artha Guna Tbk Cyclically Adjusted PS Ratio Related Terms


PT Asuransi Multi Artha Guna Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Asuransi Multi Artha Guna 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 Asuransi Multi Artha Guna Tbk Cyclically Adjusted PS Ratio Chart

PT Asuransi Multi Artha Guna 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 1.82 1.91 1.53 1.47 1.51

PT Asuransi Multi Artha Guna Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 1.54 1.59 1.67 1.73 1.47

ISX:AMAG vs CB, PGR, TRV: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, PT Asuransi Multi Artha Guna 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 Asuransi Multi Artha Guna Tbk Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, PT Asuransi Multi Artha Guna Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Asuransi Multi Artha Guna Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:AMAG
58GF Score
PT Asuransi Multi Artha Guna Tbk ISX:AMAG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Asuransi Multi Artha Guna 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 Asuransi Multi Artha Guna Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Asuransi Multi Artha Guna 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)
=176.488/137.6954*137.6954
=176.488

Current CPI (Jun. 2026) = 137.6954.

PT Asuransi Multi Artha Guna Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 36.369 103.212 48.520
201609 36.321 104.142 48.023
201612 32.509 105.222 42.542
201703 38.063 106.476 49.223
201706 38.876 107.722 49.693
201709 38.027 108.020 48.474
201712 38.470 109.017 48.590
201803 35.603 110.097 44.528
201806 38.834 111.085 48.137
201809 37.244 111.135 46.145
201812 29.679 112.430 36.349
201903 39.481 112.829 48.182
201906 36.779 114.730 44.141
201909 41.158 114.905 49.322
201912 42.279 115.486 50.410
202003 38.526 116.252 45.632
202006 37.823 116.630 44.655
202009 38.416 116.397 45.446
202012 47.302 117.318 55.518
202103 38.587 117.840 45.089
202106 37.173 118.184 43.310
202109 40.023 118.262 46.600
202112 41.822 119.516 48.183
202203 41.733 120.948 47.512
202206 39.028 123.322 43.577
202209 43.198 125.298 47.472
202212 43.723 126.098 47.744
202303 43.560 126.953 47.246
202306 45.591 127.663 49.174
202309 51.451 128.151 55.283
202312 51.629 129.395 54.941
202403 50.757 130.607 53.512
202406 52.884 130.792 55.675
202409 115.221 130.361 121.704
202412 166.318 131.432 174.245
202503 146.885 131.948 153.283
202509 149.913 133.819 154.256
202512 163.338 135.271 166.265
202603 161.503 136.539 162.871
202606 176.488 137.695 176.488

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 Asuransi Multi Artha Guna Tbk (ISX:AMAG) Overvalued in 2026?

Based on GuruFocus' analysis, PT Asuransi Multi Artha Guna Tbk stock appears to be undervalued. The current stock price of Rp386.00 is trading 36.7% below its estimated GF Value™ of Rp609.94. GuruFocus considers PT Asuransi Multi Artha Guna Tbk to be Significantly Undervalued.

Key valuation signals for ISX:AMAG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Rp609.94 vs. price of Rp386.00 (36.7% below fair value)
  • GF Score™: 58/100 with 2 warning signs

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


PT Asuransi Multi Artha Guna Tbk Business Description

Address Jalan KH Mas Mansyur Kav. 126, 17th Floor, The City Center Batavia Tower One, Karet Tengsin, Tanah Abang, Jakarta Pusat, Jakarta, IDN, 10220
PT Asuransi Multi Artha Guna Tbk is an insurance company. The company provides insurance in the areas of fire, earthquake, property, engineering, motor, heavy equipment, cargo, burglary, money, personal accident, health, travel, and suretyship. It also provides insurance for cash in ATM, car loan insurance, retail credit insurance, oil and gas insurance, insurance for cash in management, insurance for garage keeper liability, business protection plus insurance, and comprehensive machinery insurance. The company's reportable segments are based on the class of insurance business and include Motor vehicles, Health, Fire and Others. Maximum revenue is generated from the Motor vehicles segment.
58GF Score

Get the complete analysis for ISX:AMAG

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

Rp386.00
Price
Rp609.94
GF Value