PT Bank QNB Indonesia Tbk (ISX:BKSW) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:BKSW PT Bank QNB Indonesia Tbk ISX:BKSW
51 GF Score
Price Rp53.00
GF Value Rp38.65
Valuation Significantly Overvalued
! 2 Warning Signs
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What is PT Bank QNB Indonesia Tbk Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank QNB Indonesia Tbk  (ISX:BKSW) 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 QNB Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms


PT Bank QNB Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Bank QNB 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 3.11 1.59 1.31 1.26 1.31

PT Bank QNB 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 1.08 1.27 1.31 1.22 0.00

PT Bank QNB Indonesia Tbk Cyclically Adjusted PS Ratio Competitor Comparison

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

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

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


ISX:BKSW
51GF Score
PT Bank QNB Indonesia Tbk ISX:BKSW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bank QNB 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 QNB Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bank QNB Indonesia 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)
=3.421/137.6954*137.6954
=3.421

Current CPI (Jun. 2026) = 137.6954.

PT Bank QNB Indonesia Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 22.728 104.142 30.051
201612 12.919 105.222 16.906
201703 21.323 106.476 27.575
201706 13.824 107.722 17.671
201709 7.715 108.020 9.834
201712 16.562 109.017 20.919
201803 12.900 110.097 16.134
201806 6.820 111.085 8.454
201809 5.262 111.135 6.520
201812 89.566 112.430 109.693
201903 7.630 112.829 9.312
201906 6.822 114.730 8.188
201909 7.273 114.905 8.716
201912 10.311 115.486 12.294
202003 8.826 116.252 10.454
202006 4.329 116.630 5.111
202009 4.187 116.397 4.953
202012 3.500 117.318 4.108
202103 8.138 117.840 9.509
202106 4.897 118.184 5.705
202109 6.847 118.262 7.972
202112 9.948 119.516 11.461
202203 9.811 120.948 11.169
202206 12.914 123.322 14.419
202209 7.247 125.298 7.964
202212 7.343 126.098 8.018
202303 14.332 126.953 15.545
202306 3.672 127.663 3.961
202309 4.358 128.151 4.683
202312 5.969 129.395 6.352
202403 4.125 130.607 4.349
202406 3.631 130.792 3.823
202409 3.534 130.361 3.733
202412 4.187 131.432 4.387
202503 3.430 131.948 3.579
202506 2.761 133.241 2.853
202509 3.242 133.819 3.336
202512 2.871 135.271 2.922
202603 3.229 136.539 3.256
202606 3.421 137.695 3.421

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 QNB Indonesia Tbk (ISX:BKSW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank QNB Indonesia Tbk stock appears to be overvalued. The current stock price of Rp53.00 is trading 37.1% above its estimated GF Value™ of Rp38.65. GuruFocus considers PT Bank QNB Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BKSW:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Rp38.65 vs. price of Rp53.00 (37.1% above fair value)
  • GF Score™: 51/100 with 2 warning signs

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


PT Bank QNB Indonesia Tbk Business Description

Address Jalan Jendral Sudirman Kavling 52-53, Revenue Tower, 8th Floor, District 8, SCBD Lot 13, Jakarta, IDN, 12190
PT Bank QNB Indonesia Tbk is a financial institution engaged in providing personal banking and wholesale banking services, including savings accounts, deposits, demand deposits, term deposits, current accounts, and cash management. It also offers loans and advances, overdrafts, credit facilities, borrowings, and other credit facilities. In addition, it offers services of debit and credit cards, safe deposit boxes, export-import services, fund transfer, and related services. The group operates its business in the lines of Credit, Treasury, and Trade Finance. The majority of the company's revenue comprises interest and dividend income, fees, and commission received from domestic business. The company has divided its operations into several regions: Jakarta, Sumatra, Java, & the East Region.
51GF Score

Get the complete analysis for ISX:BKSW

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

Rp53.00
Price
Rp38.65
GF Value