PT Ciputra Development Tbk (ISX:CTRA) Cyclically Adjusted PS Ratio: 1.04 (As of Jul. 27, 2026) — 52% Below Median

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ISX:CTRA PT Ciputra Development Tbk ISX:CTRA
62 GF Score
Price Rp570.00
GF Value Rp1,398.48
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Ciputra Development Tbk Cyclically Adjusted PS Ratio?

PT Ciputra Development Tbk ISX:CTRA 62 Cyclically Adjusted PS Ratio is 1.04 as of Jul. 27, 2026, which is 52% below its 10-year median of 2.17. GuruFocus rates ISX:CTRA with a GF Score™ of 62/100 and a GF Value™ of Rp1,398.48 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,358 Real Estate companies, PT Ciputra Development Tbk ranks better than 64.36% on this metric.

As of today (2026-07-27), PT Ciputra Development Tbk's current share price is Rp570.00. PT Ciputra Development Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp546.99. PT Ciputra Development Tbk's Cyclically Adjusted PS Ratio for today is 1.04.

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

ISX:CTRA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 2.17   Max: 3.47
Current: 1.04

During the past years, PT Ciputra Development Tbk's highest Cyclically Adjusted PS Ratio was 3.47. The lowest was 0.99. And the median was 2.17.

ISX:CTRA's Cyclically Adjusted PS Ratio is ranked better than
64.36% of 1358 companies
in the Real Estate industry
Industry Median: 1.78 vs ISX:CTRA: 1.04

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 Ciputra Development Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp137.977. 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 Rp546.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Ciputra Development Tbk  (ISX:CTRA) 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 Ciputra Development Tbk Cyclically Adjusted PS Ratio Related Terms


PT Ciputra Development Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Ciputra Development 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 2.16 1.91 2.31 1.89 1.54

PT Ciputra Development 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 1.43 1.80 1.76 1.54 1.30

PT Ciputra Development Tbk Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, PT Ciputra Development 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 Ciputra Development Tbk Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Ciputra Development Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:CTRA
62GF Score
PT Ciputra Development Tbk ISX:CTRA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Ciputra Development 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 Ciputra Development Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=570.00/546.99
=1.04

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

For example, PT Ciputra Development 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)
=137.977/136.5387*136.5387
=137.977

Current CPI (Mar. 2026) = 136.5387.

PT Ciputra Development Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 81.163 103.212 107.370
201609 86.890 104.142 113.919
201612 125.682 105.222 163.088
201703 68.561 106.476 87.919
201706 83.914 107.722 106.362
201709 82.119 108.020 103.799
201712 112.845 109.017 141.333
201803 73.244 110.097 90.835
201806 78.077 111.085 95.968
201809 101.733 111.135 124.988
201812 160.764 112.430 195.237
201903 88.841 112.829 107.510
201906 80.854 114.730 96.223
201909 81.463 114.905 96.801
201912 159.306 115.486 188.347
202003 81.456 116.252 95.670
202006 69.845 116.630 81.768
202009 77.450 116.397 90.853
202012 206.665 117.318 240.524
202103 99.848 117.840 115.692
202106 117.046 118.184 135.224
202109 141.803 118.262 163.718
202112 166.218 119.516 189.892
202203 120.534 120.948 136.071
202206 131.153 123.322 145.208
202209 138.205 125.298 150.603
202212 102.498 126.098 110.985
202303 114.956 126.953 123.636
202306 126.173 127.663 134.945
202309 114.355 128.151 121.839
202312 143.285 129.395 151.196
202403 124.954 130.607 130.629
202406 146.810 130.792 153.261
202409 112.217 130.361 117.535
202412 219.586 131.432 228.119
202503 147.377 131.948 152.504
202506 169.950 133.241 174.157
202509 135.411 133.819 138.163
202512 227.933 135.271 230.069
202603 137.977 136.539 137.977

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 1.04 mean?
PT Ciputra Development Tbk (ISX:CTRA) has a Cyclically Adjusted PS Ratio of 1.04 as of Jul. 27, 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 Ciputra Development Tbk and its competitors. This is 52% below median its historical median of 2.17. Over the past decade, PT Ciputra Development Tbk's Cyclically Adjusted PS Ratio has ranged from 0.99 to 3.47. According to the industry distribution chart, PT Ciputra Development Tbk ranks #484 out of 1358 companies in the Real Estate industry, placing it in the top 35.6%.
Is PT Ciputra Development Tbk's Cyclically Adjusted PS Ratio too high?
PT Ciputra Development Tbk's current Cyclically Adjusted PS Ratio of 1.04 is 52% below median its 10-year median of 2.17. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 3.47. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. PT Ciputra Development Tbk's value of 1.04 is 41.6% below this industry median. Based on the distribution chart, PT Ciputra Development Tbk ranks #484 out of 1358 companies in the Real Estate industry, which is above the industry midpoint. Overall, PT Ciputra Development Tbk has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Ciputra Development Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Ciputra Development Tbk ranks #484 out of 1358 companies for Cyclically Adjusted PS Ratio. This puts PT Ciputra Development Tbk in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. PT Ciputra Development Tbk's value of 1.04 is 41.6% below this benchmark. Historically, PT Ciputra Development Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.99 to 3.47 over the past decade. While the company's 10-year median is 2.17 vs. the industry median of 1.78, PT Ciputra Development 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.78, based on 1,358 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 Ciputra Development Tbk's current Cyclically Adjusted PS Ratio of 1.04 is 41.6% 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 Ciputra Development Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ciputra Development Tbk's current Cyclically Adjusted PS Ratio is 1.04, which is 52% below median its own 10-year median of 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ciputra Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ciputra Development Tbk (ISX:CTRA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,398.48, compared to a current price of Rp570.00 — trading 59.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.04, which is 52% below median its 10-year median of 2.17 and 41.6% below the Real Estate industry median of 1.78. PT Ciputra Development Tbk's overall GF Score™ is 62/100 with 3 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 Ciputra Development Tbk (ISX:CTRA), the current Cyclically Adjusted PS Ratio is 1.04 as of Jul. 27, 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 Ciputra Development Tbk (ISX:CTRA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Ciputra Development Tbk stock appears to be undervalued. The current stock price of Rp570.00 is trading 59.2% below its estimated GF Value™ of Rp1,398.48. GuruFocus considers PT Ciputra Development Tbk to be Possible Value Trap.

Key valuation signals for ISX:CTRA:

  • Cyclically Adjusted PS Ratio: 1.04 (52% below median its 10-year median of 2.17)
  • GF Value™: Rp1,398.48 vs. price of Rp570.00 (59.2% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 41.6% below the Real Estate median (#484 of 1358)

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


PT Ciputra Development Tbk Business Description

Address Jalan Prof. Dr. Satrio Kav. 3-5, 39th Floor, Ciputra World 1, DBS Bank Tower, Jakarta, IDN, 12940
PT Ciputra Development Tbk is a property company in Indonesia. It targets the mid-high-income segment and has developed numerous projects across cities in Indonesia. The firm operates in two segments. Residential segment that derives the majority of revenue comprises the development of housing and other properties for sale, including land provision, integrated township development with supporting infrastructure and public facilities, and management of landed residential areas, as well as the sale of strata-title apartments and office spaces (high-rise developments). Commercial Property segment includes the development and management of shopping centers and commercial estates, hotels, leased apartments and office spaces, healthcare services, golf courses, and other recreational facilities.
62GF Score

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

Rp570.00
Price
Rp1,398.48
GF Value