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PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Cyclically Adjusted PS Ratio : 3.36 (As of May. 18, 2024)


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What is PT Bank Negara Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio?

As of today (2024-05-18), PT Bank Negara Indonesia (Persero) Tbk's current share price is Rp5175.00. PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was Rp1,538.93. PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio for today is 3.36.

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

ISX:BBNI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.45   Med: 3.1   Max: 4.17
Current: 3.03

During the past years, PT Bank Negara Indonesia (Persero) Tbk's highest Cyclically Adjusted PS Ratio was 4.17. The lowest was 1.45. And the median was 3.10.

ISX:BBNI's Cyclically Adjusted PS Ratio is ranked worse than
65.61% of 1195 companies
in the Banks industry
Industry Median: 2.4 vs ISX:BBNI: 3.03

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 Bank Negara Indonesia (Persero) Tbk's adjusted revenue per share data for the three months ended in Mar. 2024 was Rp389.419. 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 Rp1,538.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for PT Bank Negara 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.

* Premium members only.

PT Bank Negara Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Chart

PT Bank Negara Indonesia (Persero) Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.47 2.61 2.63 3.22 3.52

PT Bank Negara Indonesia (Persero) Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.21 3.10 3.44 3.52 3.83

Competitive Comparison of PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, PT Bank Negara 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 Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



PT Bank Negara 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 Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5175.00/1538.93
=3.36

* 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 Negara Indonesia (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PT Bank Negara Indonesia (Persero) Tbk's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=389.419/130.6070*130.6070
=389.419

Current CPI (Mar. 2024) = 130.6070.

PT Bank Negara Indonesia (Persero) Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 201.668 93.015 283.173
201409 212.290 94.576 293.167
201412 229.948 98.819 303.916
201503 233.548 98.388 310.029
201506 222.635 99.766 291.459
201509 227.931 101.037 294.640
201512 286.755 102.133 366.701
201603 269.731 102.764 342.813
201606 271.806 103.212 343.949
201609 323.722 104.142 405.986
201612 323.362 105.222 401.374
201703 308.187 106.476 378.033
201706 313.118 107.722 379.640
201709 334.996 108.020 405.042
201712 333.788 109.017 399.893
201803 323.225 110.097 383.440
201806 332.650 111.085 391.111
201809 349.980 111.135 411.302
201812 363.122 112.430 421.830
201903 362.673 112.829 419.820
201906 342.703 114.730 390.128
201909 360.061 114.905 409.265
201912 385.572 115.486 436.057
202003 360.134 116.252 404.603
202006 327.141 116.630 366.346
202009 353.776 116.397 396.967
202012 416.939 117.318 464.167
202103 369.581 117.840 409.623
202106 339.864 118.184 375.589
202109 427.939 118.262 472.611
202112 394.826 119.516 431.465
202203 394.473 120.948 425.975
202206 340.332 123.322 360.435
202209 475.131 125.298 495.261
202212 434.502 126.098 450.040
202303 397.752 126.953 409.202
202306 344.163 127.663 352.100
202309 485.777 128.151 495.085
202312 424.695 129.395 428.674
202403 389.419 130.607 389.419

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.


PT Bank Negara Indonesia (Persero) Tbk  (ISX:BBNI) 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 Negara Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of PT Bank Negara Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Bank Negara Indonesia (Persero) Tbk (ISX:BBNI) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Sudirman Kav. 1, Gedung Grha BNI, Jakarta Pusat, Jakarta, IDN, 10220
PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. BNI's main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its business divisions include Corporate and International Banking; Institutional Banking; Enterprises and Commercial Banking; Consumer Banking and Treasury.

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