PT Indofarma Tbk (ISX:INAF) Cyclically Adjusted PS Ratio: 0.25 (As of Jul. 20, 2026) — 76% Below Median

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ISX:INAF PT Indofarma Tbk ISX:INAF
8 GF Score
Price Rp126.00
GF Value Rp176.99
! 5 Warning Signs
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What is PT Indofarma Tbk Cyclically Adjusted PS Ratio?

PT Indofarma Tbk ISX:INAF 8 Cyclically Adjusted PS Ratio is 0.25 as of Jul. 20, 2026, which is 76% below its 10-year median of 1.04. GuruFocus rates ISX:INAF with a GF Score™ of 8/100 and a GF Value™ of Rp176.99. The stock has 5 warning signs investors should review.

As of today (2026-07-20), PT Indofarma Tbk's current share price is Rp126.00. PT Indofarma Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp502.27. PT Indofarma Tbk's Cyclically Adjusted PS Ratio for today is 0.25.

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

ISX:INAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 1.04   Max: 10.07
Current: 0.25

During the past years, PT Indofarma Tbk's highest Cyclically Adjusted PS Ratio was 10.07. The lowest was 0.21. And the median was 1.04.

ISX:INAF's Cyclically Adjusted PS Ratio is not ranked
in the Drug Manufacturers industry.
Industry Median: 2.01 vs ISX:INAF: 0.25

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 Indofarma Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp17.206. 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 Rp502.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indofarma Tbk  (ISX:INAF) 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 Indofarma Tbk Cyclically Adjusted PS Ratio Related Terms


PT Indofarma Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Indofarma 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 3.67 1.85 0.96 0.23 0.25

PT Indofarma 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 0.23 0.24 0.24 0.25 0.25

ISX:INAF vs ZTS, VTRS, NBIX: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, PT Indofarma 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 Indofarma Tbk Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, PT Indofarma Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:INAF
8GF Score
PT Indofarma Tbk ISX:INAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Indofarma 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 Indofarma Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=126.00/502.27
=0.25

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

For example, PT Indofarma 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)
=17.206/136.5387*136.5387
=17.206

Current CPI (Mar. 2026) = 136.5387.

PT Indofarma Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 266.668 102.133 356.502
201603 65.057 102.764 86.439
201606 86.987 103.212 115.074
201609 128.167 104.142 168.037
201612 259.548 105.222 336.796
201703 67.093 106.476 86.036
201712 274.862 109.017 344.252
201803 48.113 110.097 59.668
201806 57.304 111.085 70.435
201809 130.681 111.135 160.553
201812 275.484 112.430 334.557
201903 43.998 112.829 53.244
201906 75.002 114.730 89.259
201909 69.224 114.905 82.257
201912 250.265 115.486 295.888
202003 47.777 116.252 56.114
202006 96.055 116.630 112.452
202009 97.428 116.397 114.288
202012 311.794 117.318 362.876
202103 121.022 117.840 140.226
202106 153.624 118.184 177.483
202109 202.617 118.262 233.931
202112 453.054 119.516 517.582
202203 109.390 120.948 123.491
202206 75.833 123.322 83.960
202209 106.749 125.298 116.325
202212 24.352 126.098 26.368
202303 54.788 126.953 58.925
202306 62.647 127.663 67.003
202309 26.373 128.151 28.099
202312 25.134 129.395 26.522
202403 14.080 130.607 14.719
202406 21.321 130.792 22.258
202409 9.083 130.361 9.513
202412 23.396 131.432 24.305
202503 11.862 131.948 12.275
202506 9.766 133.241 10.008
202509 21.523 133.819 21.960
202512 5.748 135.271 5.802
202603 17.206 136.539 17.206

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 0.25 mean?
PT Indofarma Tbk (ISX:INAF) has a Cyclically Adjusted PS Ratio of 0.25 as of Jul. 20, 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 Indofarma Tbk and its competitors. This is 76% below median its historical median of 1.04. Over the past decade, PT Indofarma Tbk's Cyclically Adjusted PS Ratio has ranged from 0.21 to 10.07.
Is PT Indofarma Tbk's Cyclically Adjusted PS Ratio too high?
PT Indofarma Tbk's current Cyclically Adjusted PS Ratio of 0.25 is 76% below median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 10.07. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.01. PT Indofarma Tbk's value of 0.25 is 87.6% below this industry median. Overall, PT Indofarma Tbk has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does PT Indofarma Tbk's Cyclically Adjusted PS Ratio compare to ZTS and VTRS?
PT Indofarma Tbk's Cyclically Adjusted PS Ratio of 0.25 can be compared against companies in the Drug Manufacturers industry. The industry median Cyclically Adjusted PS Ratio is 2.01. PT Indofarma Tbk's value of 0.25 is 87.6% below this benchmark. Historically, PT Indofarma Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.21 to 10.07 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 2.01, PT Indofarma 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 a Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.01, based on 751 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 Indofarma Tbk's current Cyclically Adjusted PS Ratio of 0.25 is 87.6% 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 Indofarma Tbk and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indofarma Tbk's current Cyclically Adjusted PS Ratio is 0.25, which is 76% below median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indofarma Tbk stock overvalued right now?
PT Indofarma Tbk (ISX:INAF) has a current Cyclically Adjusted PS Ratio of 0.25. The stock's GF Value™ is Rp176.99, compared to a current price of Rp126.00 — trading 28.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.25, which is 76% below median its 10-year median of 1.04 and 87.6% below the Drug Manufacturers industry median of 2.01. PT Indofarma Tbk's overall GF Score™ is 8/100 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 Indofarma Tbk (ISX:INAF), the current Cyclically Adjusted PS Ratio is 0.25 as of Jul. 20, 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 Indofarma Tbk (ISX:INAF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indofarma Tbk stock appears to be undervalued. The current stock price of Rp126.00 is trading 28.8% below its estimated GF Value™ of Rp176.99.

Key valuation signals for ISX:INAF:

  • Cyclically Adjusted PS Ratio: 0.25 (76% below median its 10-year median of 1.04)
  • GF Value™: Rp176.99 vs. price of Rp126.00 (28.8% below fair value)
  • GF Score™: 8/100 with 5 warning signs
  • Industry Position: 87.6% below the Drug Manufacturers median

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


PT Indofarma Tbk Business Description

Address Jalan Indofarma No. 1, Cikarang Barat, Jawa Bara, Bekasi, IDN, 17530
PT Indofarma Tbk is a specialty and generic drug manufacturing company. The company has four business segments - Medicine, Medical Devices and others. The Medicine business segment includes drug production, marketing distribution, and sales. The Medical Device Segment includes medical devices and other products. Company generates majority revenue from the Medicine segment. The Company classifies its distribution segments based on geographic regions into six areas, namely Java, Sumatra, Kalimantan, Sulawesi, Bali dan West Nusa Tenggara (NTB),as well as the Eastern Indonesia region.
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp126.00
Price
Rp176.99
GF Value