PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) Cyclically Adjusted PS Ratio: 0.83 (As of Aug. 15, 2026) — 11% Below Median

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ISX:INKP PT Indah Kiat Pulp & Paper Tbk ISX:INKP
95 GF Score
Price Rp8,500.00
GF Value Rp9,341.91
Valuation Fairly Valued
! 4 Warning Signs
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What is PT Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio?

PT Indah Kiat Pulp & Paper Tbk ISX:INKP +0.29% 95 Cyclically Adjusted PS Ratio is 0.83 as of Aug. 15, 2026, which is 11% below its 10-year median of 0.93. GuruFocus rates ISX:INKP with a GF Score™ of 95/100 and a GF Value™ of Rp9,341.91 (Fairly Valued). The stock has 4 warning signs investors should review. Among 250 Forest Products companies, PT Indah Kiat Pulp & Paper Tbk ranks worse than 66.8% on this metric.

As of today (2026-08-15), PT Indah Kiat Pulp & Paper Tbk's current share price is Rp8500.00. PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp10,258.64. PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio for today is 0.83.

The historical rank and industry rank for PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

ISX:INKP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.93   Max: 1.86
Current: 0.82

During the past years, PT Indah Kiat Pulp & Paper Tbk's highest Cyclically Adjusted PS Ratio was 1.86. The lowest was 0.47. And the median was 0.93.

ISX:INKP's Cyclically Adjusted PS Ratio is ranked worse than
66.8% of 250 companies
in the Forest Products industry
Industry Median: 0.495 vs ISX:INKP: 0.82

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 Indah Kiat Pulp & Paper Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp2,895.361. 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 Rp10,258.64 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indah Kiat Pulp & Paper Tbk  (ISX:INKP) 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 Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio Related Terms


PT Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio Chart

PT Indah Kiat Pulp & Paper 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 0.97 0.98 0.89 0.70 0.85

PT Indah Kiat Pulp & Paper Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.58 0.74 0.85 1.00 0.69

PT Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio Competitor Comparison

For the Paper & Paper Products subindustry, PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:INKP
95GF Score
PT Indah Kiat Pulp & Paper Tbk ISX:INKP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8500.00/10258.64
=0.83

* 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 Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Indah Kiat Pulp & Paper Tbk's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2895.361/137.6954*137.6954
=2,895.361

Current CPI (Jun. 2026) = 137.6954.

PT Indah Kiat Pulp & Paper Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1,545.220 104.142 2,043.065
201612 1,698.635 105.222 2,222.866
201703 1,819.488 106.476 2,352.975
201706 1,726.582 107.722 2,207.010
201709 1,958.724 108.020 2,496.818
201712 2,146.714 109.017 2,711.439
201803 2,121.737 110.097 2,653.612
201806 2,089.960 111.085 2,590.617
201809 2,300.863 111.135 2,850.764
201812 2,193.609 112.430 2,686.562
201903 2,015.244 112.829 2,459.395
201906 2,082.455 114.730 2,499.294
201909 2,301.251 114.905 2,757.694
201912 1,937.213 115.486 2,309.765
202003 2,175.978 116.252 2,577.344
202006 1,828.893 116.630 2,159.226
202009 1,920.851 116.397 2,272.337
202012 2,057.354 117.318 2,414.701
202103 2,111.567 117.840 2,467.359
202106 2,164.637 118.184 2,522.006
202109 2,292.156 118.262 2,668.821
202112 2,644.635 119.516 3,046.904
202203 2,611.462 120.948 2,973.060
202206 2,536.914 123.322 2,832.587
202209 2,892.698 125.298 3,178.901
202212 2,867.075 126.098 3,130.771
202303 2,955.134 126.953 3,205.202
202306 2,389.834 127.663 2,577.641
202309 2,122.651 128.151 2,280.734
202312 2,245.921 129.395 2,389.997
202403 2,311.557 130.607 2,437.012
202406 2,380.017 130.792 2,505.646
202409 2,293.732 130.361 2,422.784
202412 2,271.600 131.432 2,379.862
202503 2,356.132 131.948 2,458.753
202506 2,328.062 133.241 2,405.899
202509 2,412.065 133.819 2,481.936
202512 2,468.103 135.271 2,512.336
202603 2,525.926 136.539 2,547.325
202606 2,895.361 137.695 2,895.361

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 0.83 mean?
PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) has a Cyclically Adjusted PS Ratio of 0.83 as of Aug. 15, 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 Indah Kiat Pulp & Paper Tbk and its competitors. This is 11% below median its historical median of 0.93. Over the past decade, PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.86. According to the industry distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #167 out of 250 companies in the Forest Products industry, placing it in the top 66.8%.
Is PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio too high?
PT Indah Kiat Pulp & Paper Tbk's current Cyclically Adjusted PS Ratio of 0.83 is 11% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.86. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.50. PT Indah Kiat Pulp & Paper Tbk's value of 0.83 is 67.7% above this industry median. Based on the distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #167 out of 250 companies in the Forest Products industry, which is below the industry midpoint. Overall, PT Indah Kiat Pulp & Paper Tbk has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Forest Products industry distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #167 out of 250 companies for Cyclically Adjusted PS Ratio. This places PT Indah Kiat Pulp & Paper Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. PT Indah Kiat Pulp & Paper Tbk's value of 0.83 is 67.7% above this benchmark. Historically, PT Indah Kiat Pulp & Paper Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.86 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.50, PT Indah Kiat Pulp & Paper 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 Forest Products company?
The median Cyclically Adjusted PS Ratio among Forest Products companies is 0.50, based on 250 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 Indah Kiat Pulp & Paper Tbk's current Cyclically Adjusted PS Ratio of 0.83 is 67.7% 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 Indah Kiat Pulp & Paper Tbk and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indah Kiat Pulp & Paper Tbk's current Cyclically Adjusted PS Ratio is 0.83, which is 11% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indah Kiat Pulp & Paper Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) is currently considered Fairly Valued. The stock's GF Value™ is Rp9,341.91, compared to a current price of Rp8,500.00 — trading 9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.83, which is 11% below median its 10-year median of 0.93 and 67.7% above the Forest Products industry median of 0.50. PT Indah Kiat Pulp & Paper Tbk's overall GF Score™ is 95/100 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 Indah Kiat Pulp & Paper Tbk (ISX:INKP), the current Cyclically Adjusted PS Ratio is 0.83 as of Aug. 15, 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 Indah Kiat Pulp & Paper Tbk (ISX:INKP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indah Kiat Pulp & Paper Tbk stock appears to be undervalued. The current stock price of Rp8,500.00 is trading 9% below its estimated GF Value™ of Rp9,341.91. GuruFocus considers PT Indah Kiat Pulp & Paper Tbk to be Fairly Valued.

Key valuation signals for ISX:INKP:

  • Cyclically Adjusted PS Ratio: 0.83 (11% below median its 10-year median of 0.93)
  • GF Value™: Rp9,341.91 vs. price of Rp8,500.00 (9% below fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 67.7% above the Forest Products median (#167 of 250)

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


PT Indah Kiat Pulp & Paper Tbk Business Description

Other Exchanges IKP:Germany
Address Jalan M.H. Thamrin No. 51, Tower 2, 9th Floor, Building Sinar Mas Land Plaza, Jakarta, IDN, 10350
PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp, and packaging paper. The company's operating segments are: cultural paper and pulp, which derives maximum revenue; and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper and tissue products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, the company generates maximum revenue from Indonesia, and the rest from Asia, Europe, America, the Middle East, Africa, and Australia.
95GF Score

Get the complete analysis for ISX:INKP

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

Rp8,500.00
Price
Rp9,341.91
GF Value