PT Arthavest Tbk (ISX:ARTA) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

ISX:ARTA PT Arthavest Tbk ISX:ARTA
63 GF Score
Price Rp2,150.00
GF Value Rp2,352.83
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is PT Arthavest Tbk Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Arthavest Tbk  (ISX:ARTA) 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 Arthavest Tbk Cyclically Adjusted PS Ratio Related Terms


PT Arthavest Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Arthavest 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 11.70 13.62 15.91 12.31 18.34

PT Arthavest 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 10.31 16.82 18.17 15.04 13.76

ISX:ARTA vs MAR, HLT, H: Cyclically Adjusted PS Ratio Comparison

For the Lodging subindustry, PT Arthavest 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 Arthavest Tbk Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Arthavest Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:ARTA
63GF Score
PT Arthavest Tbk ISX:ARTA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, PT Arthavest 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)
=34.048/137.6954*137.6954
=34.048

Current CPI (Jun. 2026) = 137.6954.

PT Arthavest Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 48.939 104.142 64.706
201612 53.198 105.222 69.616
201703 40.791 106.476 52.751
201706 41.995 107.722 53.680
201709 52.652 108.020 67.116
201712 62.216 109.017 78.583
201803 44.952 110.097 56.221
201806 40.275 111.085 49.923
201809 52.928 111.135 65.578
201812 57.604 112.430 70.549
201903 41.675 112.829 50.860
201906 38.408 114.730 46.096
201909 62.623 114.905 75.044
201912 49.217 115.486 58.682
202003 32.695 116.252 38.726
202006 2.853 116.630 3.368
202009 16.286 116.397 19.266
202012 21.898 117.318 25.702
202103 14.515 117.840 16.961
202106 14.851 118.184 17.303
202109 12.670 118.262 14.752
202112 48.591 119.516 55.982
202203 22.858 120.948 26.023
202206 26.091 123.322 29.132
202209 35.861 125.298 39.409
202212 44.693 126.098 48.804
202303 37.352 126.953 40.513
202306 27.163 127.663 29.298
202309 45.557 128.151 48.950
202312 63.991 129.395 68.096
202403 35.857 130.607 37.803
202406 55.766 130.792 58.710
202409 74.410 130.361 78.597
202412 69.219 131.432 72.518
202503 30.278 131.948 31.597
202506 33.322 133.241 34.436
202509 42.464 133.819 43.694
202512 53.855 135.271 54.820
202603 25.083 136.539 25.295
202606 34.048 137.695 34.048

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 Arthavest Tbk (ISX:ARTA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Arthavest Tbk stock appears to be undervalued. The current stock price of Rp2,150.00 is trading 8.6% below its estimated GF Value™ of Rp2,352.83. GuruFocus considers PT Arthavest Tbk to be Fairly Valued.

Key valuation signals for ISX:ARTA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Rp2,352.83 vs. price of Rp2,150.00 (8.6% below fair value)
  • GF Score™: 63/100 with 2 warning signs

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


PT Arthavest Tbk Business Description

Address Jalan. Jend. Sudirman No. 86, Sahid Sudirman Center Lantai 55, Jakarta, IDN, 10220
PT Arthavest Tbk engages in investment activities. Through its subsidiary, the company is majorly involved in the hotel and convention center operations and management of the REDTOP Hotel. The hotel offers facilities such as Superior Rooms, Suite Rooms, a Bar and Restaurant, a Swimming pool, Internet connectivity, and a sports center. The company is also involved in the provision of services in the fields of information technology and payment systems. It operates in business segments: Room; Food and beverage; Fitness and spa Laundry; and Others, of which it derives primary revenue from providing Room segment.
63GF Score

Get the complete analysis for ISX:ARTA

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

Rp2,150.00
Price
Rp2,352.83
GF Value