PT Darma Henwa Tbk (ISX:DEWA) Cyclically Adjusted PS Ratio: 1.80 (As of Aug. 15, 2026) — 543% Above Median

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ISX:DEWA PT Darma Henwa Tbk ISX:DEWA
64 GF Score
Price Rp450.00
GF Value Rp65.64
Valuation Significantly Overvalued
! 7 Warning Signs
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What is PT Darma Henwa Tbk Cyclically Adjusted PS Ratio?

PT Darma Henwa Tbk ISX:DEWA +0.90% 64 Cyclically Adjusted PS Ratio is 1.80 as of Aug. 15, 2026, which is 543% above its 10-year median of 0.28. GuruFocus rates ISX:DEWA with a GF Score™ of 64/100 and a GF Value™ of Rp65.64 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 111 Other Energy Sources companies, PT Darma Henwa Tbk ranks worse than 65.77% on this metric.

As of today (2026-08-15), PT Darma Henwa Tbk's current share price is Rp450.00. PT Darma Henwa Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp249.50. PT Darma Henwa Tbk's Cyclically Adjusted PS Ratio for today is 1.80.

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

ISX:DEWA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.28   Max: 3.28
Current: 1.8

During the past years, PT Darma Henwa Tbk's highest Cyclically Adjusted PS Ratio was 3.28. The lowest was 0.23. And the median was 0.28.

ISX:DEWA's Cyclically Adjusted PS Ratio is ranked worse than
65.77% of 111 companies
in the Other Energy Sources industry
Industry Median: 1.21 vs ISX:DEWA: 1.80

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 Darma Henwa Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp42.430. 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 Rp249.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Darma Henwa Tbk  (ISX:DEWA) 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 Darma Henwa Tbk Cyclically Adjusted PS Ratio Related Terms


PT Darma Henwa Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Darma Henwa 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 Darma Henwa Tbk Cyclically Adjusted PS Ratio Chart

PT Darma Henwa 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 0.26 0.25 0.26 0.46 2.72

PT Darma Henwa 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 0.73 1.11 2.72 1.76 1.14

PT Darma Henwa Tbk Cyclically Adjusted PS Ratio Competitor Comparison

For the Thermal Coal subindustry, PT Darma Henwa 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 Darma Henwa Tbk Cyclically Adjusted PS Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Darma Henwa Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:DEWA
64GF Score
PT Darma Henwa Tbk ISX:DEWA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Darma Henwa 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 Darma Henwa Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=450.00/249.50
=1.80

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

For example, PT Darma Henwa 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)
=42.43/137.6954*137.6954
=42.430

Current CPI (Jun. 2026) = 137.6954.

PT Darma Henwa Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 37.896 104.142 50.105
201612 48.642 105.222 63.654
201703 42.561 106.476 55.040
201706 37.228 107.722 47.587
201709 37.331 108.020 47.586
201712 32.810 109.017 41.441
201803 36.084 110.097 45.130
201806 39.870 111.085 49.421
201809 52.852 111.135 65.484
201812 55.232 112.430 67.644
201903 43.034 112.829 52.519
201906 40.557 114.730 48.675
201909 72.854 114.905 87.304
201912 63.259 115.486 75.425
202003 54.439 116.252 64.480
202006 55.437 116.630 65.450
202009 53.511 116.397 63.303
202012 33.711 117.318 39.566
202103 49.391 117.840 57.713
202106 53.066 118.184 61.827
202109 53.142 118.262 61.875
202112 55.568 119.516 64.020
202203 63.516 120.948 72.311
202206 64.996 123.322 72.571
202209 69.980 125.298 76.904
202212 79.196 126.098 86.480
202303 80.599 126.953 87.419
202306 82.549 127.663 89.036
202309 84.990 128.151 91.320
202312 89.227 129.395 94.951
202403 66.460 130.607 70.067
202406 67.186 130.792 70.732
202409 73.344 130.361 77.471
202412 69.026 131.432 72.316
202503 55.091 131.948 57.490
202506 37.406 133.241 38.657
202509 35.316 133.819 36.339
202512 42.824 135.271 43.591
202603 39.341 136.539 39.674
202606 42.430 137.695 42.430

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 1.80 mean?
PT Darma Henwa Tbk (ISX:DEWA) has a Cyclically Adjusted PS Ratio of 1.80 as of Aug. 15, 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 Darma Henwa Tbk and its competitors. This is 543% above median its historical median of 0.28. Over the past decade, PT Darma Henwa Tbk's Cyclically Adjusted PS Ratio has ranged from 0.23 to 3.28. According to the industry distribution chart, PT Darma Henwa Tbk ranks #73 out of 111 companies in the Other Energy Sources industry, placing it in the top 65.8%.
Is PT Darma Henwa Tbk's Cyclically Adjusted PS Ratio too high?
PT Darma Henwa Tbk's current Cyclically Adjusted PS Ratio of 1.80 is 543% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 3.28. The Other Energy Sources industry median Cyclically Adjusted PS Ratio is 1.21. PT Darma Henwa Tbk's value of 1.80 is 48.8% above this industry median. Based on the distribution chart, PT Darma Henwa Tbk ranks #73 out of 111 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, PT Darma Henwa Tbk has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Darma Henwa Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Darma Henwa Tbk ranks #73 out of 111 companies for Cyclically Adjusted PS Ratio. This places PT Darma Henwa Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.21. PT Darma Henwa Tbk's value of 1.80 is 48.8% above this benchmark. Historically, PT Darma Henwa Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 3.28 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 1.21, PT Darma Henwa 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 an Other Energy Sources company?
The median Cyclically Adjusted PS Ratio among Other Energy Sources companies is 1.21, based on 111 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 Darma Henwa Tbk's current Cyclically Adjusted PS Ratio of 1.80 is 48.8% 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 Darma Henwa Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PS Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Darma Henwa Tbk's current Cyclically Adjusted PS Ratio is 1.80, which is 543% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Darma Henwa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Darma Henwa Tbk (ISX:DEWA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp65.64, compared to a current price of Rp450.00 — trading 585.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.80, which is 543% above median its 10-year median of 0.28 and 48.8% above the Other Energy Sources industry median of 1.21. PT Darma Henwa Tbk's overall GF Score™ is 64/100 with 7 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 Darma Henwa Tbk (ISX:DEWA), the current Cyclically Adjusted PS Ratio is 1.80 as of Aug. 15, 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 Darma Henwa Tbk (ISX:DEWA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Darma Henwa Tbk stock appears to be overvalued. The current stock price of Rp450.00 is trading 585.6% above its estimated GF Value™ of Rp65.64. GuruFocus considers PT Darma Henwa Tbk to be Significantly Overvalued.

Key valuation signals for ISX:DEWA:

  • Cyclically Adjusted PS Ratio: 1.80 (543% above median its 10-year median of 0.28)
  • GF Value™: Rp65.64 vs. price of Rp450.00 (585.6% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 48.8% above the Other Energy Sources median (#73 of 111)

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


PT Darma Henwa Tbk Business Description

Other Exchanges 0DH:Germany
Address Jalan. Jenderal Sudirman Kav. 52-53, Prosperity Tower 39th Floor, SCBD, Lot 28, District 8, Kelurahan Senayan, Kecamatan Kebayoran Baru, Jakarta, IDN, 12190
PT Darma Henwa Tbk is an Indonesia-based company. Its business activities are focused on mining contractor services, general mining services, and equipment maintenance. It mainly operates its business across various mining projects across Indonesia. The majority of its revenue comes from coal production with the remaining through operational activities like land clearing, topsoiling, overburden removal, and equipment rental. The firm operates its business into two business segments, Mining services and other services Out of which the Mining services segment derives the majority of revenue.
64GF Score

Get the complete analysis for ISX:DEWA

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

Rp450.00
Price
Rp65.64
GF Value