PT Bank SMBC Indonesia Tbk (ISX:BTPN) Cyclically Adjusted PS Ratio: 1.22 (As of Jul. 26, 2026) — 16% Below Median

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ISX:BTPN PT Bank SMBC Indonesia Tbk ISX:BTPN
46 GF Score
Price Rp2,250.00
GF Value Rp2,364.42
Valuation Fairly Valued
! 6 Warning Signs
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What is PT Bank SMBC Indonesia Tbk Cyclically Adjusted PS Ratio?

PT Bank SMBC Indonesia Tbk ISX:BTPN -0.44% 46 Cyclically Adjusted PS Ratio is 1.22 as of Jul. 26, 2026, which is 16% below its 10-year median of 1.45. GuruFocus rates ISX:BTPN with a GF Score™ of 46/100 and a GF Value™ of Rp2,364.42 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,302 Banks companies, PT Bank SMBC Indonesia Tbk ranks better than 87.63% on this metric.

As of today (2026-07-26), PT Bank SMBC Indonesia Tbk's current share price is Rp2250.00. PT Bank SMBC Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp1,840.77. PT Bank SMBC Indonesia Tbk's Cyclically Adjusted PS Ratio for today is 1.22.

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

ISX:BTPN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.45   Max: 2.08
Current: 1.22

During the past years, PT Bank SMBC Indonesia Tbk's highest Cyclically Adjusted PS Ratio was 2.08. The lowest was 1.05. And the median was 1.45.

ISX:BTPN's Cyclically Adjusted PS Ratio is ranked better than
87.63% of 1302 companies
in the Banks industry
Industry Median: 3.41 vs ISX:BTPN: 1.22

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 SMBC Indonesia Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp418.506. 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 Rp1,840.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank SMBC Indonesia Tbk  (ISX:BTPN) 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 SMBC Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms


PT Bank SMBC Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Bank SMBC 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 1.58 1.52 1.47 1.23 1.16

PT Bank SMBC Indonesia Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.12 1.39 1.13 1.16 1.05

PT Bank SMBC Indonesia Tbk Cyclically Adjusted PS Ratio Competitor Comparison

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

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

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


ISX:BTPN
46GF Score
PT Bank SMBC Indonesia Tbk ISX:BTPN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bank SMBC 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 SMBC Indonesia Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2250.00/1840.77
=1.22

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

For example, PT Bank SMBC Indonesia Tbk's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=418.506/136.5387*136.5387
=418.506

Current CPI (Mar. 2026) = 136.5387.

PT Bank SMBC Indonesia Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 387.739 103.212 512.937
201609 372.218 104.142 488.006
201612 427.419 105.222 554.630
201703 411.992 106.476 528.315
201706 409.282 107.722 518.771
201709 403.783 108.020 510.385
201712 408.509 109.017 511.639
201803 421.441 110.097 522.660
201806 418.122 111.085 513.931
201809 416.849 111.135 512.136
201812 405.053 112.430 491.910
201903 356.766 112.829 431.738
201906 377.180 114.730 448.876
201909 380.730 114.905 452.413
201912 384.117 115.486 454.141
202003 389.883 116.252 457.919
202006 346.196 116.630 405.292
202009 346.277 116.397 406.199
202012 359.149 117.318 417.990
202103 382.094 117.840 442.725
202106 385.590 118.184 445.475
202109 379.836 118.262 438.539
202112 396.387 119.516 452.844
202203 390.187 120.948 440.483
202206 403.640 123.322 446.898
202209 409.136 125.298 445.839
202212 413.243 126.098 447.460
202303 407.002 126.953 437.735
202306 423.179 127.663 452.601
202309 421.771 128.151 449.375
202312 410.291 129.395 432.944
202403 381.543 130.607 398.871
202406 420.151 130.792 438.613
202409 429.844 130.361 450.214
202412 463.615 131.432 481.630
202503 425.527 131.948 440.330
202506 421.501 133.241 431.934
202509 425.589 133.819 434.239
202512 436.418 135.271 440.508
202603 418.506 136.539 418.506

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 1.22 mean?
PT Bank SMBC Indonesia Tbk (ISX:BTPN) has a Cyclically Adjusted PS Ratio of 1.22 as of Jul. 26, 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 SMBC Indonesia Tbk and its competitors. This is 16% below median its historical median of 1.45. Over the past decade, PT Bank SMBC Indonesia Tbk's Cyclically Adjusted PS Ratio has ranged from 1.05 to 2.08. According to the industry distribution chart, PT Bank SMBC Indonesia Tbk ranks #161 out of 1302 companies in the Banks industry, placing it in the top 12.4%.
Is PT Bank SMBC Indonesia Tbk's Cyclically Adjusted PS Ratio too high?
PT Bank SMBC Indonesia Tbk's current Cyclically Adjusted PS Ratio of 1.22 is 16% below median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.08. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. PT Bank SMBC Indonesia Tbk's value of 1.22 is 64.2% below this industry median. Based on the distribution chart, PT Bank SMBC Indonesia Tbk ranks #161 out of 1302 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, PT Bank SMBC Indonesia Tbk has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Bank SMBC Indonesia Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, PT Bank SMBC Indonesia Tbk ranks #161 out of 1302 companies for Cyclically Adjusted PS Ratio. This places PT Bank SMBC Indonesia Tbk in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.41. PT Bank SMBC Indonesia Tbk's value of 1.22 is 64.2% below this benchmark. Historically, PT Bank SMBC Indonesia Tbk's own Cyclically Adjusted PS Ratio has ranged from 1.05 to 2.08 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 3.41, PT Bank SMBC Indonesia Tbk has consistently been below 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 3.41, based on 1,302 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 SMBC Indonesia Tbk's current Cyclically Adjusted PS Ratio of 1.22 is 64.2% below 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 SMBC Indonesia Tbk and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bank SMBC Indonesia Tbk's current Cyclically Adjusted PS Ratio is 1.22, which is 16% below median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank SMBC Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank SMBC Indonesia Tbk (ISX:BTPN) is currently considered Fairly Valued. The stock's GF Value™ is Rp2,364.42, compared to a current price of Rp2,250.00 — trading 4.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.22, which is 16% below median its 10-year median of 1.45 and 64.2% below the Banks industry median of 3.41. PT Bank SMBC Indonesia Tbk's overall GF Score™ is 46/100 with 6 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 SMBC Indonesia Tbk (ISX:BTPN), the current Cyclically Adjusted PS Ratio is 1.22 as of Jul. 26, 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 SMBC Indonesia Tbk (ISX:BTPN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank SMBC Indonesia Tbk stock appears to be undervalued. The current stock price of Rp2,250.00 is trading 4.8% below its estimated GF Value™ of Rp2,364.42. GuruFocus considers PT Bank SMBC Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:BTPN:

  • Cyclically Adjusted PS Ratio: 1.22 (16% below median its 10-year median of 1.45)
  • GF Value™: Rp2,364.42 vs. price of Rp2,250.00 (4.8% below fair value)
  • GF Score™: 46/100 with 6 warning signs
  • Industry Position: 64.2% below the Banks median (#161 of 1302)

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


PT Bank SMBC Indonesia Tbk Business Description

Address Jalan Dr. Ide Anak Agung Gde Agung, Menara SMBC, CBD Mega Kuningan Lantai 29, Kavling 5.5 - 5.6, Jakarta Selatan, Jakarta, IDN, 12950
PT Bank SMBC Indonesia Tbk is a foreign exchange bank. It offers products and services such as green financing, products and services for retired customers, for micro, small, and medium enterprise customers, for large national, multinational, and Japanese corporations, wealth management services through Sinaya, as well as digital banking services for digital-savvy communities through Jenius. The company's segment includes: Retail, MSME, Funding and Treasury, Corporate, Sharia, and Financing. The company generates the majority of its revenue from Retail segment.
46GF Score

Get the complete analysis for ISX:BTPN

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

Rp2,250.00
Price
Rp2,364.42
GF Value