PT Meratus Jasa Prima Tbk (ISX:KARW) Cyclically Adjusted PS Ratio: 1.29 (As of Aug. 12, 2026) — 10% Above Median

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ISX:KARW PT Meratus Jasa Prima Tbk ISX:KARW
64 GF Score
Price Rp212.00
GF Value Rp451.56
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Meratus Jasa Prima Tbk Cyclically Adjusted PS Ratio?

PT Meratus Jasa Prima Tbk ISX:KARW 64 Cyclically Adjusted PS Ratio is 1.29 as of Aug. 12, 2026, which is 10% above its 10-year median of 1.17. GuruFocus rates ISX:KARW with a GF Score™ of 64/100 and a GF Value™ of Rp451.56 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 764 Transportation companies, PT Meratus Jasa Prima Tbk ranks worse than 60.47% on this metric.

As of today (2026-08-12), PT Meratus Jasa Prima Tbk's current share price is Rp212.00. PT Meratus Jasa Prima Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp163.96. PT Meratus Jasa Prima Tbk's Cyclically Adjusted PS Ratio for today is 1.29.

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

ISX:KARW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 1.17   Max: 44.54
Current: 1.29

During the past years, PT Meratus Jasa Prima Tbk's highest Cyclically Adjusted PS Ratio was 44.54. The lowest was 0.35. And the median was 1.17.

ISX:KARW's Cyclically Adjusted PS Ratio is ranked worse than
60.47% of 764 companies
in the Transportation industry
Industry Median: 0.91 vs ISX:KARW: 1.29

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 Meratus Jasa Prima Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp46.963. 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 Rp163.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Meratus Jasa Prima Tbk  (ISX:KARW) 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 Meratus Jasa Prima Tbk Cyclically Adjusted PS Ratio Related Terms


PT Meratus Jasa Prima Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk Cyclically Adjusted PS Ratio Chart

PT Meratus Jasa Prima 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 1.15 0.67 0.35 14.74 2.35

PT Meratus Jasa Prima 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 5.86 3.63 2.35 1.90 1.29

PT Meratus Jasa Prima Tbk Cyclically Adjusted PS Ratio Competitor Comparison

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

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

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


ISX:KARW
64GF Score
PT Meratus Jasa Prima Tbk ISX:KARW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=212.00/163.96
=1.29

* 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 Meratus Jasa Prima Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Meratus Jasa Prima 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)
=46.963/137.6954*137.6954
=46.963

Current CPI (Jun. 2026) = 137.6954.

PT Meratus Jasa Prima Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 48.031 104.142 63.506
201612 56.079 105.222 73.386
201703 44.454 106.476 57.488
201706 42.847 107.722 54.769
201709 45.861 108.020 58.460
201712 47.372 109.017 59.834
201803 42.318 110.097 52.926
201806 32.628 111.085 40.444
201809 39.424 111.135 48.846
201812 39.302 112.430 48.134
201903 36.706 112.829 44.796
201906 24.613 114.730 29.540
201909 6.032 114.905 7.228
201912 15.132 115.486 18.042
202003 3.559 116.252 4.215
202006 27.125 116.630 32.024
202009 50.930 116.397 60.249
202012 30.342 117.318 35.612
202103 5.451 117.840 6.369
202106 20.024 118.184 23.330
202109 16.414 118.262 19.111
202112 29.675 119.516 34.189
202203 29.790 120.948 33.915
202206 42.434 123.322 47.380
202209 59.438 125.298 65.319
202212 50.263 126.098 54.886
202303 44.449 126.953 48.210
202306 59.141 127.663 63.789
202309 36.021 128.151 38.704
202312 36.439 129.395 38.777
202403 30.895 130.607 32.572
202406 26.525 130.792 27.925
202409 41.005 130.361 43.312
202412 24.908 131.432 26.095
202503 50.375 131.948 52.569
202506 28.138 133.241 29.079
202509 32.333 133.819 33.270
202512 45.100 135.271 45.908
202603 38.088 136.539 38.411
202606 46.963 137.695 46.963

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 1.29 mean?
PT Meratus Jasa Prima Tbk (ISX:KARW) has a Cyclically Adjusted PS Ratio of 1.29 as of Aug. 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 Meratus Jasa Prima Tbk and its competitors. This is 10% above median its historical median of 1.17. Over the past decade, PT Meratus Jasa Prima Tbk's Cyclically Adjusted PS Ratio has ranged from 0.35 to 44.54. According to the industry distribution chart, PT Meratus Jasa Prima Tbk ranks #462 out of 764 companies in the Transportation industry, placing it in the top 60.5%.
Is PT Meratus Jasa Prima Tbk's Cyclically Adjusted PS Ratio too high?
PT Meratus Jasa Prima Tbk's current Cyclically Adjusted PS Ratio of 1.29 is 10% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 44.54. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. PT Meratus Jasa Prima Tbk's value of 1.29 is 41.8% above this industry median. Based on the distribution chart, PT Meratus Jasa Prima Tbk ranks #462 out of 764 companies in the Transportation industry, which is below the industry midpoint. Overall, PT Meratus Jasa Prima Tbk has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Meratus Jasa Prima Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Transportation industry distribution chart, PT Meratus Jasa Prima Tbk ranks #462 out of 764 companies for Cyclically Adjusted PS Ratio. This places PT Meratus Jasa Prima Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. PT Meratus Jasa Prima Tbk's value of 1.29 is 41.8% above this benchmark. Historically, PT Meratus Jasa Prima Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.35 to 44.54 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 0.91, PT Meratus Jasa Prima 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, based on 764 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 Meratus Jasa Prima Tbk's current Cyclically Adjusted PS Ratio of 1.29 is 41.8% 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 Meratus Jasa Prima 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 Meratus Jasa Prima Tbk's current Cyclically Adjusted PS Ratio is 1.29, which is 10% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Meratus Jasa Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk (ISX:KARW) is currently considered Possible Value Trap. The stock's GF Value™ is Rp451.56, compared to a current price of Rp212.00 — trading 53.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.29, which is 10% above median its 10-year median of 1.17 and 41.8% above the Transportation industry median of 0.91. PT Meratus Jasa Prima Tbk's overall GF Score™ is 64/100 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 Meratus Jasa Prima Tbk (ISX:KARW), the current Cyclically Adjusted PS Ratio is 1.29 as of Aug. 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 Meratus Jasa Prima Tbk (ISX:KARW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk stock appears to be undervalued. The current stock price of Rp212.00 is trading 53.1% below its estimated GF Value™ of Rp451.56. GuruFocus considers PT Meratus Jasa Prima Tbk to be Possible Value Trap.

Key valuation signals for ISX:KARW:

  • Cyclically Adjusted PS Ratio: 1.29 (10% above median its 10-year median of 1.17)
  • GF Value™: Rp451.56 vs. price of Rp212.00 (53.1% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 41.8% above the Transportation median (#462 of 764)

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


PT Meratus Jasa Prima Tbk Business Description

Address Jalan Enggano Kel. Tanjung Priok, Kec. Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14310
PT Meratus Jasa Prima Tbk is engaged in transportation consulting activities. The company also engages in supporting business activities in the scope of construction of non-fishery port buildings, dredging, cold storage activities, sea port service activities, wholesale trade in sea transportation equipment, parts and supplies. Its products and services include the management and operation of stevedoring equipment at Terminals 300, 301, 302, and 303 of Tanjung Priok Port to support container handling activities. These services also cover cargodoring, lift on/lift off, and trucking, in accordance with the applicable systems and procedures at port. It operates in single segment of stevedoring services in Port of Tanjung Priok, Jakarta.
64GF Score

Get the complete analysis for ISX:KARW

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

Rp212.00
Price
Rp451.56
GF Value