PT Jasa Armada Indonesia Tbk (ISX:IPCM) Cyclically Adjusted PS Ratio: 0.76 (As of Jul. 12, 2026) — Near Median


ISX:IPCM PT Jasa Armada Indonesia Tbk ISX:IPCM
96 GF Score
Price Rp310.00
GF Value Rp351.97
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Jasa Armada Indonesia Tbk Cyclically Adjusted PS Ratio?

PT Jasa Armada Indonesia Tbk ISX:IPCM 96 Cyclically Adjusted PS Ratio is 0.76 as of Jul. 12, 2026, which is 8% below its 10-year median of 0.83. GuruFocus rates ISX:IPCM with a GF Score™ of 96/100 and a GF Value™ of Rp351.97 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 751 Transportation companies, PT Jasa Armada Indonesia Tbk ranks better than 56.99% on this metric.

As of today (2026-07-12), PT Jasa Armada Indonesia Tbk's current share price is Rp310.00. PT Jasa Armada Indonesia Tbk's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was Rp409.59. PT Jasa Armada Indonesia Tbk's Cyclically Adjusted PS Ratio for today is 0.76.

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

ISX:IPCM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 0.83   Max: 0.88
Current: 0.76

During the past 10 years, PT Jasa Armada Indonesia Tbk's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.76. And the median was 0.83.

ISX:IPCM's Cyclically Adjusted PS Ratio is ranked better than
56.99% of 751 companies
in the Transportation industry
Industry Median: 0.91 vs ISX:IPCM: 0.76

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 Jasa Armada Indonesia Tbk's adjusted revenue per share data of for the fiscal year that ended in Dec25 was Rp279.429. 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 Rp409.59 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Jasa Armada Indonesia Tbk  (ISX:IPCM) 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 Jasa Armada Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms


PT Jasa Armada Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Jasa Armada 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 Jasa Armada Indonesia Tbk Cyclically Adjusted PS Ratio Chart

PT Jasa Armada 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 0.00 0.00 0.00 0.87

PT Jasa Armada 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 0.00 0.00 0.00 0.87 0.00

PT Jasa Armada Indonesia Tbk Cyclically Adjusted PS Ratio Competitor Comparison

For the Marine Shipping subindustry, PT Jasa Armada 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 Jasa Armada Indonesia Tbk Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, PT Jasa Armada Indonesia Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:IPCM
96GF Score
PT Jasa Armada Indonesia Tbk ISX:IPCM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Jasa Armada 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 Jasa Armada Indonesia Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=310.00/409.59
=0.76

* 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 Jasa Armada Indonesia Tbk's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PT Jasa Armada Indonesia Tbk's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=279.429/135.2711*135.2711
=279.429

Current CPI (Dec25) = 135.2711.

PT Jasa Armada Indonesia Tbk Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1,426.908 105.222 1,834.403
201712 524.017 109.017 650.214
201812 137.607 112.430 165.563
201912 128.988 115.486 151.086
202012 131.893 117.318 152.076
202112 155.429 119.516 175.918
202212 185.752 126.098 199.265
202312 215.764 129.395 225.563
202412 254.896 131.432 262.342
202512 279.429 135.271 279.429

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 0.76 mean?
PT Jasa Armada Indonesia Tbk (ISX:IPCM) has a Cyclically Adjusted PS Ratio of 0.76 as of Jul. 12, 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 Jasa Armada Indonesia Tbk and its competitors. This is near median its historical median of 0.83. Over the past decade, PT Jasa Armada Indonesia Tbk's Cyclically Adjusted PS Ratio has ranged from 0.76 to 0.88. According to the industry distribution chart, PT Jasa Armada Indonesia Tbk ranks #323 out of 751 companies in the Transportation industry, placing it in the top 43%.
Is PT Jasa Armada Indonesia Tbk's Cyclically Adjusted PS Ratio too high?
PT Jasa Armada Indonesia Tbk's current Cyclically Adjusted PS Ratio of 0.76 is near median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 0.88. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. PT Jasa Armada Indonesia Tbk's value of 0.76 is 16.5% below this industry median. Based on the distribution chart, PT Jasa Armada Indonesia Tbk ranks #323 out of 751 companies in the Transportation industry, which is above the industry midpoint. Overall, PT Jasa Armada Indonesia Tbk has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Armada Indonesia Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Transportation industry distribution chart, PT Jasa Armada Indonesia Tbk ranks #323 out of 751 companies for Cyclically Adjusted PS Ratio. This puts PT Jasa Armada Indonesia Tbk in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. PT Jasa Armada Indonesia Tbk's value of 0.76 is 16.5% below this benchmark. Historically, PT Jasa Armada Indonesia Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 0.88 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.91, PT Jasa Armada Indonesia 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, 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 Jasa Armada Indonesia Tbk's current Cyclically Adjusted PS Ratio of 0.76 is 16.5% 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 Jasa Armada Indonesia Tbk and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jasa Armada Indonesia Tbk's current Cyclically Adjusted PS Ratio is 0.76, which is near median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jasa Armada Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jasa Armada Indonesia Tbk (ISX:IPCM) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp351.97, compared to a current price of Rp310.00 — trading 11.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.76, which is near median its 10-year median of 0.83 and 16.5% below the Transportation industry median of 0.91. PT Jasa Armada Indonesia Tbk's overall GF Score™ is 96/100 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 Jasa Armada Indonesia Tbk (ISX:IPCM), the current Cyclically Adjusted PS Ratio is 0.76 as of Jul. 12, 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 Jasa Armada Indonesia Tbk (ISX:IPCM) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jasa Armada Indonesia Tbk stock appears to be undervalued. The current stock price of Rp310.00 is trading 11.9% below its estimated GF Value™ of Rp351.97. GuruFocus considers PT Jasa Armada Indonesia Tbk to be Modestly Undervalued.

Key valuation signals for ISX:IPCM:

  • Cyclically Adjusted PS Ratio: 0.76 (near median its 10-year median of 0.83)
  • GF Value™: Rp351.97 vs. price of Rp310.00 (11.9% below fair value)
  • GF Score™: 96/100 with 2 warning signs
  • Industry Position: 16.5% below the Transportation median (#323 of 751)

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


PT Jasa Armada Indonesia Tbk Business Description

Address Jalan Yos Sudarso No. 9, Pelindo Tower, 8th & 9th Floor, Rawa Badak Utara, Koja, North Jakarta, Jakarta, IDN, 14230
PT Jasa Armada Indonesia Tbk is engaged in pilotage and towage services for container vessels, dry and liquid bulk, inland waterways, and offshore STS. The company also provides fleet maintenance services. The company's operating segments are Vessel Services, and Freight Services & Other Services. The company generates maximum revenue from the Vessel services segment.
96GF Score

Get the complete analysis for ISX:IPCM

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

Rp310.00
Price
Rp351.97
GF Value