PT Elnusa Tbk (ISX:ELSA) Cyclically Adjusted PS Ratio: 0.46 (As of Jul. 27, 2026) — 77% Above Median

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ISX:ELSA PT Elnusa Tbk ISX:ELSA
92 GF Score
Price Rp665.00
GF Value Rp516.98
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is PT Elnusa Tbk Cyclically Adjusted PS Ratio?

PT Elnusa Tbk ISX:ELSA -5.00% 92 Cyclically Adjusted PS Ratio is 0.46 as of Jul. 27, 2026, which is 77% above its 10-year median of 0.26. GuruFocus rates ISX:ELSA with a GF Score™ of 92/100 and a GF Value™ of Rp516.98 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 708 Oil & Gas companies, PT Elnusa Tbk ranks better than 70.06% on this metric.

As of today (2026-07-27), PT Elnusa Tbk's current share price is Rp665.00. PT Elnusa Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp1,448.31. PT Elnusa Tbk's Cyclically Adjusted PS Ratio for today is 0.46.

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

ISX:ELSA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.26   Max: 0.61
Current: 0.46

During the past years, PT Elnusa Tbk's highest Cyclically Adjusted PS Ratio was 0.61. The lowest was 0.10. And the median was 0.26.

ISX:ELSA's Cyclically Adjusted PS Ratio is ranked better than
70.06% of 708 companies
in the Oil & Gas industry
Industry Median: 1.055 vs ISX:ELSA: 0.46

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 Elnusa Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp495.528. 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 Rp1,448.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Elnusa Tbk  (ISX:ELSA) 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 Elnusa Tbk Cyclically Adjusted PS Ratio Related Terms


PT Elnusa Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Elnusa 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 0.19 0.19 0.35 0.35 0.36

PT Elnusa 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 0.33 0.36 0.36 0.36 0.51

ISX:ELSA vs SLB, BKR, FTI: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, PT Elnusa 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 Elnusa Tbk Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Elnusa Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:ELSA
92GF Score
PT Elnusa Tbk ISX:ELSA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=665.00/1448.31
=0.46

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

For example, PT Elnusa 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)
=495.528/136.5387*136.5387
=495.528

Current CPI (Mar. 2026) = 136.5387.

PT Elnusa Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 108.268 103.212 143.227
201609 111.324 104.142 145.954
201612 150.277 105.222 195.003
201703 133.020 106.476 170.577
201706 139.959 107.722 177.400
201709 182.035 108.020 230.094
201712 227.056 109.017 284.377
201803 199.434 110.097 247.333
201806 200.114 111.085 245.968
201809 235.871 111.135 289.789
201812 272.142 112.430 330.499
201903 260.561 112.829 315.316
201906 256.088 114.730 304.767
201909 294.069 114.905 349.436
201912 338.165 115.486 399.812
202003 281.752 116.252 330.919
202006 252.199 116.630 295.250
202009 255.320 116.397 299.502
202012 269.432 117.318 313.574
202103 249.252 117.840 288.803
202106 259.843 118.184 300.198
202109 274.591 118.262 317.028
202112 331.140 119.516 378.304
202203 335.061 120.948 378.251
202206 407.632 123.322 451.317
202209 431.814 125.298 470.551
202212 511.551 126.098 553.908
202303 430.662 126.953 463.181
202306 372.312 127.663 398.197
202309 427.764 128.151 455.760
202312 490.765 129.395 517.861
202403 425.811 130.607 445.150
202406 439.766 130.792 459.090
202409 456.910 130.361 478.563
202412 512.549 131.432 532.466
202503 510.739 131.948 528.507
202506 443.593 133.241 454.573
202509 481.222 133.819 491.002
202512 550.901 135.271 556.063
202603 495.528 136.539 495.528

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 0.46 mean?
PT Elnusa Tbk (ISX:ELSA) has a Cyclically Adjusted PS Ratio of 0.46 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 Elnusa Tbk and its competitors. This is 77% above median its historical median of 0.26. Over the past decade, PT Elnusa Tbk's Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.61. According to the industry distribution chart, PT Elnusa Tbk ranks #212 out of 708 companies in the Oil & Gas industry, placing it in the top 29.9%.
Is PT Elnusa Tbk's Cyclically Adjusted PS Ratio too high?
PT Elnusa Tbk's current Cyclically Adjusted PS Ratio of 0.46 is 77% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.61. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. PT Elnusa Tbk's value of 0.46 is 56.4% below this industry median. Based on the distribution chart, PT Elnusa Tbk ranks #212 out of 708 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, PT Elnusa Tbk has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Elnusa Tbk's Cyclically Adjusted PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, PT Elnusa Tbk ranks #212 out of 708 companies for Cyclically Adjusted PS Ratio. This puts PT Elnusa Tbk in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. PT Elnusa Tbk's value of 0.46 is 56.4% below this benchmark. Historically, PT Elnusa Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.10 to 0.61 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 1.06, PT Elnusa 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 708 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 Elnusa Tbk's current Cyclically Adjusted PS Ratio of 0.46 is 56.4% 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 Elnusa Tbk and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Elnusa Tbk's current Cyclically Adjusted PS Ratio is 0.46, which is 77% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Elnusa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Elnusa Tbk (ISX:ELSA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp516.98, compared to a current price of Rp665.00 — trading 28.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.46, which is 77% above median its 10-year median of 0.26 and 56.4% below the Oil & Gas industry median of 1.06. PT Elnusa Tbk's overall GF Score™ is 92/100 with 2 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 Elnusa Tbk (ISX:ELSA), the current Cyclically Adjusted PS Ratio is 0.46 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 Elnusa Tbk (ISX:ELSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Elnusa Tbk stock appears to be overvalued. The current stock price of Rp665.00 is trading 28.6% above its estimated GF Value™ of Rp516.98. GuruFocus considers PT Elnusa Tbk to be Modestly Overvalued.

Key valuation signals for ISX:ELSA:

  • Cyclically Adjusted PS Ratio: 0.46 (77% above median its 10-year median of 0.26)
  • GF Value™: Rp516.98 vs. price of Rp665.00 (28.6% above fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 56.4% below the Oil & Gas median (#212 of 708)

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


PT Elnusa Tbk Business Description

Industry EnergyOil & Gas
Address Jalan T.B. Simatupang Kav. 1 B, Graha Elnusa, 16th Floor, Jakarta, IDN, 12560
PT Elnusa Tbk is engaged in upstream oil and gas services and investing in shares of stock of subsidiaries and joint ventures that are engaged in various businesses in oil and gas support services and energy distribution and logistics services. The company also provides goods and services including providing and managing office space for its subsidiaries, related parties and third parties. Its business segments are: Integrated upstream oil and gas services, Oil and gas support services, and Sales of goods and energy distribution and logistics services. The majority of the company's revenue is derived from the Sales of goods and energy distribution and logistics services segment, which provides storage services, trading, distribution and marketing of oil and gas products in Indonesia.
92GF Score

Get the complete analysis for ISX:ELSA

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

Rp665.00
Price
Rp516.98
GF Value