PT Bank Amar Indonesia Tbk (ISX:AMAR) 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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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.

ISX:AMAR PT Bank Amar Indonesia Tbk ISX:AMAR
76 GF Score
Price Rp240.00
GF Value Rp267.26
Valuation Modestly Undervalued
! 1 Warning Sign
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What is PT Bank Amar Indonesia Tbk Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank Amar Indonesia Tbk  (ISX:AMAR) 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 Amar Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms


PT Bank Amar Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Bank Amar 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 - - - 4.36 4.05

PT Bank Amar 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 3.55 4.66 4.05 3.61 3.51

PT Bank Amar Indonesia Tbk Cyclically Adjusted PS Ratio Competitor Comparison

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

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

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


ISX:AMAR
76GF Score
PT Bank Amar Indonesia Tbk ISX:AMAR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bank Amar 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 Amar Indonesia Tbk's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PT Bank Amar Indonesia Tbk's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=96.205/135.2711*135.2711
=96.205

Current CPI (Dec25) = 135.2711.

PT Bank Amar Indonesia Tbk Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 7.196 105.222 9.251
201712 7.289 109.017 9.044
201812 23.014 112.430 27.690
201912 50.496 115.486 59.147
202012 49.035 117.318 56.539
202112 50.085 119.516 56.687
202212 60.622 126.098 65.032
202312 73.682 129.395 77.028
202412 84.372 131.432 86.837
202512 96.205 135.271 96.205

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 Amar Indonesia Tbk (ISX:AMAR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank Amar Indonesia Tbk stock appears to be undervalued. The current stock price of Rp240.00 is trading 10.2% below its estimated GF Value™ of Rp267.26. GuruFocus considers PT Bank Amar Indonesia Tbk to be Modestly Undervalued.

Key valuation signals for ISX:AMAR:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Rp267.26 vs. price of Rp240.00 (10.2% below fair value)
  • GF Score™: 76/100 with 1 warning sign

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


PT Bank Amar Indonesia Tbk Business Description

Address Jalan Basuki Rahmad No. 109, Surabaya, IDN, 60271
PT Bank Amar Indonesia Tbk is engaged in providing banking activities. The company's operating segments include Online, Brick and Mortar, and Head Office. It generates maximum revenue from the Online segment. The Online segment comprises activities related to digital products and services. Its brick-and-mortar segment comprises activities related to conventional banking products and services. The Head Office segment comprises treasury and other activities. Some of its products include Aster Savings, Amar Dana Savings, Amar Cemerlang Savings, Amar Term Savings, Employee Savings, Term Deposit, On-Call Deposit, and Amar Current Account.
76GF Score

Get the complete analysis for ISX:AMAR

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

Rp240.00
Price
Rp267.26
GF Value