PT Indoritel Makmur Internasional Tbk (ISX:DNET) Cyclically Adjusted PS Ratio: 163.80 (As of Jun. 30, 2026) — Near Median


ISX:DNET PT Indoritel Makmur Internasional Tbk ISX:DNET
74 GF Score
Price Rp9,800.00
GF Value Rp10,000.47
Valuation Fairly Valued
! 5 Warning Signs
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What is PT Indoritel Makmur Internasional Tbk Cyclically Adjusted PS Ratio?

PT Indoritel Makmur Internasional Tbk ISX:DNET -5.77% 74 Cyclically Adjusted PS Ratio is 163.80 as of Jun. 30, 2026, which is 8% below its 10-year median of 177.53. GuruFocus rates ISX:DNET with a GF Score™ of 74/100 and a GF Value™ of Rp10,000.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 301 Telecommunication Services companies, PT Indoritel Makmur Internasional Tbk ranks worse than 99.67% on this metric.

As of today (2026-06-30), PT Indoritel Makmur Internasional Tbk's current share price is Rp9800.00. PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp59.83. PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PS Ratio for today is 163.80.

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

ISX:DNET' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 127.75   Med: 177.53   Max: 283.59
Current: 172.14

During the past years, PT Indoritel Makmur Internasional Tbk's highest Cyclically Adjusted PS Ratio was 283.59. The lowest was 127.75. And the median was 177.53.

ISX:DNET's Cyclically Adjusted PS Ratio is ranked worse than
99.67% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs ISX:DNET: 172.14

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 Indoritel Makmur Internasional Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp29.965. 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 Rp59.83 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indoritel Makmur Internasional Tbk  (ISX:DNET) 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted PS Ratio Related Terms


PT Indoritel Makmur Internasional Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted PS Ratio Chart

PT Indoritel Makmur Internasional 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 172.78 179.62 144.78 208.97 161.04

PT Indoritel Makmur Internasional 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 200.42 200.73 171.51 161.04 153.76

ISX:DNET vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:DNET
74GF Score
PT Indoritel Makmur Internasional Tbk ISX:DNET
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9800.00/59.83
=163.80

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

For example, PT Indoritel Makmur Internasional 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)
=29.965/136.5387*136.5387
=29.965

Current CPI (Mar. 2026) = 136.5387.

PT Indoritel Makmur Internasional Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.336 103.212 0.444
201609 0.392 104.142 0.514
201612 0.557 105.222 0.723
201703 0.664 106.476 0.851
201706 0.925 107.722 1.172
201709 1.200 108.020 1.517
201712 1.185 109.017 1.484
201803 1.741 110.097 2.159
201806 2.552 111.085 3.137
201809 2.405 111.135 2.955
201812 2.453 112.430 2.979
201903 2.745 112.829 3.322
201906 3.601 114.730 4.285
201909 4.656 114.905 5.533
201912 7.174 115.486 8.482
202003 5.993 116.252 7.039
202006 8.335 116.630 9.758
202009 7.986 116.397 9.368
202012 12.153 117.318 14.144
202103 9.547 117.840 11.062
202106 13.030 118.184 15.054
202109 14.974 118.262 17.288
202112 21.981 119.516 25.112
202203 15.851 120.948 17.894
202206 17.267 123.322 19.117
202209 20.169 125.298 21.978
202212 26.967 126.098 29.200
202303 23.383 126.953 25.149
202306 23.872 127.663 25.532
202309 25.445 128.151 27.110
202312 25.305 129.395 26.702
202403 24.338 130.607 25.443
202406 24.813 130.792 25.903
202409 25.446 130.361 26.652
202412 26.061 131.432 27.074
202503 26.749 131.948 27.680
202506 29.750 133.241 30.486
202509 29.650 133.819 30.253
202512 33.506 135.271 33.820
202603 29.965 136.539 29.965

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 163.80 mean?
PT Indoritel Makmur Internasional Tbk (ISX:DNET) has a Cyclically Adjusted PS Ratio of 163.80 as of Jun. 30, 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 Indoritel Makmur Internasional Tbk and its competitors. This is near median its historical median of 177.53. Over the past decade, PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PS Ratio has ranged from 127.75 to 283.59. According to the industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #300 out of 301 companies in the Telecommunication Services industry, placing it in the top 99.7%.
Is PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PS Ratio too high?
PT Indoritel Makmur Internasional Tbk's current Cyclically Adjusted PS Ratio of 163.80 is near median its 10-year median of 177.53. Over the past 10 years, this metric has ranged from a low of 127.75 to a high of 283.59. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. PT Indoritel Makmur Internasional Tbk's value of 163.80 is 13900% above this industry median. Based on the distribution chart, PT Indoritel Makmur Internasional Tbk ranks #300 out of 301 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, PT Indoritel Makmur Internasional Tbk has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #300 out of 301 companies for Cyclically Adjusted PS Ratio. This places PT Indoritel Makmur Internasional Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. PT Indoritel Makmur Internasional Tbk's value of 163.80 is 13900% above this benchmark. Historically, PT Indoritel Makmur Internasional Tbk's own Cyclically Adjusted PS Ratio has ranged from 127.75 to 283.59 over the past decade. While the company's 10-year median is 177.53 vs. the industry median of 1.17, PT Indoritel Makmur Internasional 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 301 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 Indoritel Makmur Internasional Tbk's current Cyclically Adjusted PS Ratio of 163.80 is 13900% 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 Indoritel Makmur Internasional Tbk and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indoritel Makmur Internasional Tbk's current Cyclically Adjusted PS Ratio is 163.80, which is near median its own 10-year median of 177.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indoritel Makmur Internasional Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk (ISX:DNET) is currently considered Fairly Valued. The stock's GF Value™ is Rp10,000.47, compared to a current price of Rp9,800.00 — trading 2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 163.80, which is near median its 10-year median of 177.53 and 13900% above the Telecommunication Services industry median of 1.17. PT Indoritel Makmur Internasional Tbk's overall GF Score™ is 74/100 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 Indoritel Makmur Internasional Tbk (ISX:DNET), the current Cyclically Adjusted PS Ratio is 163.80 as of Jun. 30, 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 Indoritel Makmur Internasional Tbk (ISX:DNET) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk stock appears to be undervalued. The current stock price of Rp9,800.00 is trading 2% below its estimated GF Value™ of Rp10,000.47. GuruFocus considers PT Indoritel Makmur Internasional Tbk to be Fairly Valued.

Key valuation signals for ISX:DNET:

  • Cyclically Adjusted PS Ratio: 163.80 (near median its 10-year median of 177.53)
  • GF Value™: Rp10,000.47 vs. price of Rp9,800.00 (2% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 13900% above the Telecommunication Services median (#300 of 301)

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


PT Indoritel Makmur Internasional Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 70-71, Gedung Wisma Indocement Lantai 10, South Jakarta, Jakarta, IDN, 12910
PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers.
74GF 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.

Rp9,800.00
Price
Rp10,000.47
GF Value