PT Fortune Mate Indonesia Tbk (ISX:FMII) Cyclically Adjusted PS Ratio: (As of Jul. 19, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:FMII PT Fortune Mate Indonesia Tbk ISX:FMII
65 GF Score
Price Rp246.00
GF Value Rp185.70
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is PT Fortune Mate Indonesia Tbk Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

PT Fortune Mate Indonesia Tbk  (ISX:FMII) 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 Fortune Mate Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms

PT Fortune Mate Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Fortune Mate 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 Fortune Mate Indonesia Tbk Cyclically Adjusted PS Ratio Chart

PT Fortune Mate 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 0.00 5.29 16.14 27.60 0.00

PT Fortune Mate 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 15.03 0.00 0.00 0.00 0.00

PT Fortune Mate Indonesia Tbk Cyclically Adjusted PS Ratio Competitor Comparison

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

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

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


ISX:FMII
65GF Score
PT Fortune Mate Indonesia Tbk ISX:FMII
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, PT Fortune Mate 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)
=0/136.5387*136.5387
=0.000

Current CPI (Mar. 2026) = 136.5387.

PT Fortune Mate Indonesia Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 45.909 103.212 60.733
201609 4.928 104.142 6.461
201612 1.667 105.222 2.163
201703 1.343 106.476 1.722
201706 0.220 107.722 0.279
201709 2.056 108.020 2.599
201712 1.890 109.017 2.367
201803 1.532 110.097 1.900
201806 1.485 111.085 1.825
201809 2.192 111.135 2.693
201812 1.546 112.430 1.878
201903 4.502 112.829 5.448
201906 3.244 114.730 3.861
201909 0.894 114.905 1.062
201912 4.525 115.486 5.350
202003 3.047 116.252 3.579
202006 0.494 116.630 0.578
202009 2.830 116.397 3.320
202012 1.648 117.318 1.918
202103 0.785 117.840 0.910
202106 1.715 118.184 1.981
202109 3.784 118.262 4.369
202112 1.957 119.516 2.236
202203 1.240 120.948 1.400
202206 0.502 123.322 0.556
202209 3.307 125.298 3.604
202212 3.134 126.098 3.393
202303 2.145 126.953 2.307
202306 1.596 127.663 1.707
202309 1.633 128.151 1.740
202312 1.279 129.395 1.350
202403 1.518 130.607 1.587
202406 0.788 130.792 0.823
202409 0.702 130.361 0.735
202412 2.510 131.432 2.608
202503 5.004 131.948 5.178
202506 0.000 133.241 0.000
202509 0.000 133.819 0.000
202512 0.000 135.271 0.000
202603 0.000 136.539 0.000

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.

Is PT Fortune Mate Indonesia Tbk (ISX:FMII) Overvalued in 2026?

Based on GuruFocus' analysis, PT Fortune Mate Indonesia Tbk stock appears to be overvalued. The current stock price of Rp246.00 is trading 32.5% above its estimated GF Value™ of Rp185.70. GuruFocus considers PT Fortune Mate Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for ISX:FMII:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Rp185.70 vs. price of Rp246.00 (32.5% above fair value)
  • GF Score™: 65/100 with 1 warning sign

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

PT Fortune Mate Indonesia Tbk Business Description

Address Jalan Raya Darmo Number 54-56, Gedung Gozco Lantai 3, Surabaya, IDN, 60265
PT Fortune Mate Indonesia Tbk is an Indonesian-based real estate company. It is engaged in real estate development and construction services business. The company's projects include office and industrial, residential, and land. The Company's business segment is only one segment, namely Real Estate by building Juanda Land Housing and Fortune Bizpark Warehousing (FBIP), which are located on Tambak Sawah and Juanda, Sidoarjo Regency.
65GF Score

Get the complete analysis for ISX:FMII

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

Rp246.00
Price
Rp185.70
GF Value