PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Cyclically Adjusted PS Ratio: 4.45 (As of Jul. 26, 2026) — 51% Below Median

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ISX:GMTD PT Gowa Makassar Tourism Development Tbk ISX:GMTD
73 GF Score
Price Rp1,285.00
GF Value Rp1,903.93
Valuation Significantly Undervalued
! 4 Warning Signs
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What is PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted PS Ratio?

PT Gowa Makassar Tourism Development Tbk ISX:GMTD +2.39% 73 Cyclically Adjusted PS Ratio is 4.45 as of Jul. 26, 2026, which is 51% below its 10-year median of 9.02. GuruFocus rates ISX:GMTD with a GF Score™ of 73/100 and a GF Value™ of Rp1,903.93 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,358 Real Estate companies, PT Gowa Makassar Tourism Development Tbk ranks worse than 72.75% on this metric.

As of today (2026-07-26), PT Gowa Makassar Tourism Development Tbk's current share price is Rp1285.00. PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp288.55. PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio for today is 4.45.

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

ISX:GMTD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.44   Med: 9.02   Max: 21.95
Current: 4.45

During the past years, PT Gowa Makassar Tourism Development Tbk's highest Cyclically Adjusted PS Ratio was 21.95. The lowest was 4.44. And the median was 9.02.

ISX:GMTD's Cyclically Adjusted PS Ratio is ranked worse than
72.75% of 1358 companies
in the Real Estate industry
Industry Median: 1.78 vs ISX:GMTD: 4.45

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 Gowa Makassar Tourism Development Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp21.931. 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 Rp288.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Gowa Makassar Tourism Development Tbk  (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted PS Ratio Related Terms


PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted PS Ratio Chart

PT Gowa Makassar Tourism 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 0.00 0.00 0.00 15.76 11.35

PT Gowa Makassar Tourism 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 8.20 8.64 7.28 11.35 5.09

PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted PS Ratio Competitor Comparison

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

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

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


ISX:GMTD
73GF Score
PT Gowa Makassar Tourism Development Tbk ISX:GMTD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1285.00/288.55
=4.45

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

For example, PT Gowa Makassar Tourism 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)
=21.931/136.5387*136.5387
=21.931

Current CPI (Mar. 2026) = 136.5387.

PT Gowa Makassar Tourism Development Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 81.486 103.212 107.797
201609 58.237 104.142 76.353
201612 53.007 105.222 68.783
201703 59.265 106.476 75.998
201706 56.708 107.722 71.878
201709 56.272 108.020 71.128
201712 51.809 109.017 64.888
201803 38.747 110.097 48.053
201806 80.485 111.085 98.927
201809 61.462 111.135 75.512
201812 60.632 112.430 73.634
201903 44.863 112.829 54.291
201906 47.879 114.730 56.980
201909 47.035 114.905 55.891
201912 62.625 115.486 74.041
202003 39.203 116.252 46.044
202006 32.102 116.630 37.582
202009 58.887 116.397 69.077
202012 34.854 117.318 40.564
202103 25.977 117.840 30.099
202106 41.012 118.184 47.381
202109 38.803 118.262 44.800
202112 30.913 119.516 35.316
202203 31.301 120.948 35.336
202206 54.210 123.322 60.020
202209 52.336 125.298 57.031
202212 172.748 126.098 187.052
202303 95.001 126.953 102.175
202306 44.735 127.663 47.845
202309 118.849 128.151 126.627
202312 114.774 129.395 121.111
202403 211.977 130.607 221.604
202406 47.916 130.792 50.021
202409 55.649 130.361 58.286
202412 78.031 131.432 81.063
202503 64.327 131.948 66.565
202506 69.938 133.241 71.669
202509 81.870 133.819 83.534
202512 68.023 135.271 68.660
202603 21.931 136.539 21.931

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 4.45 mean?
PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) has a Cyclically Adjusted PS Ratio of 4.45 as of Jul. 26, 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 Gowa Makassar Tourism Development Tbk and its competitors. This is 51% below median its historical median of 9.02. Over the past decade, PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio has ranged from 4.44 to 21.95. According to the industry distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #988 out of 1358 companies in the Real Estate industry, placing it in the top 72.8%.
Is PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio too high?
PT Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted PS Ratio of 4.45 is 51% below median its 10-year median of 9.02. Over the past 10 years, this metric has ranged from a low of 4.44 to a high of 21.95. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.78. PT Gowa Makassar Tourism Development Tbk's value of 4.45 is 150% above this industry median. Based on the distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #988 out of 1358 companies in the Real Estate industry, which is below the industry midpoint. Overall, PT Gowa Makassar Tourism Development Tbk has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #988 out of 1358 companies for Cyclically Adjusted PS Ratio. This places PT Gowa Makassar Tourism Development Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.78. PT Gowa Makassar Tourism Development Tbk's value of 4.45 is 150% above this benchmark. Historically, PT Gowa Makassar Tourism Development Tbk's own Cyclically Adjusted PS Ratio has ranged from 4.44 to 21.95 over the past decade. While the company's 10-year median is 9.02 vs. the industry median of 1.78, PT Gowa Makassar Tourism Development 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 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 Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted PS Ratio of 4.45 is 150% 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 Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted PS Ratio is 4.45, which is 51% below median its own 10-year median of 9.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gowa Makassar Tourism Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp1,903.93, compared to a current price of Rp1,285.00 — trading 32.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.45, which is 51% below median its 10-year median of 9.02 and 150% above the Real Estate industry median of 1.78. PT Gowa Makassar Tourism Development Tbk's overall GF Score™ is 73/100 with 4 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD), the current Cyclically Adjusted PS Ratio is 4.45 as of Jul. 26, 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk stock appears to be undervalued. The current stock price of Rp1,285.00 is trading 32.5% below its estimated GF Value™ of Rp1,903.93. GuruFocus considers PT Gowa Makassar Tourism Development Tbk to be Significantly Undervalued.

Key valuation signals for ISX:GMTD:

  • Cyclically Adjusted PS Ratio: 4.45 (51% below median its 10-year median of 9.02)
  • GF Value™: Rp1,903.93 vs. price of Rp1,285.00 (32.5% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 150% above the Real Estate median (#988 of 1358)

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


PT Gowa Makassar Tourism Development Tbk Business Description

Address Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134
PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments: the Core segment, which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. The company is based in Indonesia, and the majority of its revenues are derived from the real estate business.
73GF Score

Get the complete analysis for ISX:GMTD

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

Rp1,285.00
Price
Rp1,903.93
GF Value