PT Bank of India Indonesia Tbk (ISX:BSWD) Cyclically Adjusted PS Ratio: 18.28 (As of Sep. 06, 2026) — 10% Above Median

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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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ISX:BSWD PT Bank of India Indonesia Tbk ISX:BSWD
60 GF Score
Price Rp1,500.00
GF Value Rp1,427.80
Valuation Fairly Valued
! 5 Warning Signs
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What is PT Bank of India Indonesia Tbk Cyclically Adjusted PS Ratio?

PT Bank of India Indonesia Tbk ISX:BSWD 60 Cyclically Adjusted PS Ratio is 18.28 as of Sep. 06, 2026, which is 10% above its 10-year median of 16.60. GuruFocus rates ISX:BSWD with a GF Score™ of 60/100 and a GF Value™ of Rp1,427.80 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,304 Banks companies, PT Bank of India Indonesia Tbk ranks worse than 98.93% on this metric.

As of today (2026-09-06), PT Bank of India Indonesia Tbk's current share price is Rp1500.00. PT Bank of India Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp82.04. PT Bank of India Indonesia Tbk's Cyclically Adjusted PS Ratio for today is 18.28.

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

ISX:BSWD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.63   Med: 16.6   Max: 30.94
Current: 18.28

During the past years, PT Bank of India Indonesia Tbk's highest Cyclically Adjusted PS Ratio was 30.94. The lowest was 9.63. And the median was 16.60.

ISX:BSWD's Cyclically Adjusted PS Ratio is ranked worse than
98.93% of 1304 companies
in the Banks industry
Industry Median: 3.45 vs ISX:BSWD: 18.28

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 of India Indonesia Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp20.334. 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 Rp82.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank of India Indonesia Tbk  (ISX:BSWD) 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 of India Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms


PT Bank of India Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Bank of India 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 0.00 0.00 11.81 29.09 10.15

PT Bank of India 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 16.88 15.83 10.15 16.23 16.82

PT Bank of India Indonesia Tbk Cyclically Adjusted PS Ratio Competitor Comparison

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

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

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


ISX:BSWD
60GF Score
PT Bank of India Indonesia Tbk ISX:BSWD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bank of India 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 of India Indonesia Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1500.00/82.04
=18.28

* 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 of India Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bank of India 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)
=20.334/137.6954*137.6954
=20.334

Current CPI (Jun. 2026) = 137.6954.

PT Bank of India Indonesia Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 30.768 104.142 40.681
201612 31.532 105.222 41.263
201703 29.762 106.476 38.488
201706 35.032 107.722 44.780
201709 22.563 108.020 28.761
201712 -31.058 109.017 -39.228
201803 17.539 110.097 21.936
201806 21.083 111.085 26.134
201809 18.822 111.135 23.320
201812 18.939 112.430 23.195
201903 30.332 112.829 37.017
201906 22.930 114.730 27.520
201909 3.276 114.905 3.926
201912 20.157 115.486 24.033
202003 17.311 116.252 20.504
202006 12.215 116.630 14.421
202009 7.385 116.397 8.736
202012 12.775 117.318 14.994
202103 12.406 117.840 14.496
202106 13.733 118.184 16.000
202109 12.340 118.262 14.368
202112 11.923 119.516 13.737
202203 16.428 120.948 18.703
202206 15.108 123.322 16.869
202209 13.807 125.298 15.173
202212 16.734 126.098 18.273
202303 23.568 126.953 25.562
202306 17.465 127.663 18.838
202309 18.466 128.151 19.841
202312 18.161 129.395 19.326
202403 18.223 130.607 19.212
202406 20.138 130.792 21.201
202409 20.875 130.361 22.049
202412 21.699 131.432 22.733
202503 19.977 131.948 20.847
202506 20.879 133.241 21.577
202509 20.437 133.819 21.029
202512 20.322 135.271 20.686
202603 18.939 136.539 19.099
202606 20.334 137.695 20.334

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.

What does a Cyclically Adjusted PS Ratio of 18.28 mean?
PT Bank of India Indonesia Tbk (ISX:BSWD) has a Cyclically Adjusted PS Ratio of 18.28 as of Sep. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Bank of India Indonesia Tbk and its competitors. This is 10% above median its historical median of 16.60. Over the past decade, PT Bank of India Indonesia Tbk's Cyclically Adjusted PS Ratio has ranged from 9.63 to 30.94. According to the industry distribution chart, PT Bank of India Indonesia Tbk ranks #1290 out of 1304 companies in the Banks industry, placing it in the top 98.9%.
Is PT Bank of India Indonesia Tbk's Cyclically Adjusted PS Ratio too high?
PT Bank of India Indonesia Tbk's current Cyclically Adjusted PS Ratio of 18.28 is 10% above median its 10-year median of 16.60. Over the past 10 years, this metric has ranged from a low of 9.63 to a high of 30.94. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. PT Bank of India Indonesia Tbk's value of 18.28 is 429.9% above this industry median. Based on the distribution chart, PT Bank of India Indonesia Tbk ranks #1290 out of 1304 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, PT Bank of India Indonesia Tbk has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Bank of India Indonesia Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, PT Bank of India Indonesia Tbk ranks #1290 out of 1304 companies for Cyclically Adjusted PS Ratio. This places PT Bank of India Indonesia Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. PT Bank of India Indonesia Tbk's value of 18.28 is 429.9% above this benchmark. Historically, PT Bank of India Indonesia Tbk's own Cyclically Adjusted PS Ratio has ranged from 9.63 to 30.94 over the past decade. While the company's 10-year median is 16.60 vs. the industry median of 3.45, PT Bank of India Indonesia Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,304 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Bank of India Indonesia Tbk's current Cyclically Adjusted PS Ratio of 18.28 is 429.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Bank of India Indonesia Tbk and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bank of India Indonesia Tbk's current Cyclically Adjusted PS Ratio is 18.28, which is 10% above median its own 10-year median of 16.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank of India Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank of India Indonesia Tbk (ISX:BSWD) is currently considered Fairly Valued. The stock's GF Value™ is Rp1,427.80, compared to a current price of Rp1,500.00 — trading 5.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 18.28, which is 10% above median its 10-year median of 16.60 and 429.9% above the Banks industry median of 3.45. PT Bank of India Indonesia Tbk's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PT Bank of India Indonesia Tbk (ISX:BSWD), the current Cyclically Adjusted PS Ratio is 18.28 as of Sep. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Bank of India Indonesia Tbk (ISX:BSWD) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank of India Indonesia Tbk stock appears to be overvalued. The current stock price of Rp1,500.00 is trading 5.1% above its estimated GF Value™ of Rp1,427.80. GuruFocus considers PT Bank of India Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:BSWD:

  • Cyclically Adjusted PS Ratio: 18.28 (10% above median its 10-year median of 16.60)
  • GF Value™: Rp1,427.80 vs. price of Rp1,500.00 (5.1% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 429.9% above the Banks median (#1290 of 1304)

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


PT Bank of India Indonesia Tbk Business Description

Address Jalan K.H. Samanhudi, No. 37, Jakarta, IDN, 10710
PT Bank of India Indonesia Tbk is a commercial bank. The bank provides personal and commercial banking services consisting of funding and lending products, Working Capital Financing, Investment loan, Export / Import Financing. It offers general banking services like collecting deposits, granting loans and advances, international trading, international fund transfer, banknotes, letter of credit, foreign exchange transactions. The Bank operates in two main areas: Special District of Jakarta (DKI Jakarta) and outside DKI Jakarta.
60GF Score

Get the complete analysis for ISX:BSWD

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

Rp1,500.00
Price
Rp1,427.80
GF Value