PT Mustika Ratu Tbk (ISX:MRAT) Cyclically Adjusted PS Ratio: 0.49 (As of Jul. 31, 2026) — 36% Above Median

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ISX:MRAT PT Mustika Ratu Tbk ISX:MRAT
71 GF Score
Price Rp438.00
GF Value Rp585.24
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Mustika Ratu Tbk Cyclically Adjusted PS Ratio?

PT Mustika Ratu Tbk ISX:MRAT +0.46% 71 Cyclically Adjusted PS Ratio is 0.49 as of Jul. 31, 2026, which is 36% above its 10-year median of 0.36. GuruFocus rates ISX:MRAT with a GF Score™ of 71/100 and a GF Value™ of Rp585.24 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,451 Consumer Packaged Goods companies, PT Mustika Ratu Tbk ranks better than 62.92% on this metric.

As of today (2026-07-31), PT Mustika Ratu Tbk's current share price is Rp438.00. PT Mustika Ratu Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp888.45. PT Mustika Ratu Tbk's Cyclically Adjusted PS Ratio for today is 0.49.

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

ISX:MRAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.36   Max: 0.88
Current: 0.5

During the past years, PT Mustika Ratu Tbk's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.12. And the median was 0.36.

ISX:MRAT's Cyclically Adjusted PS Ratio is ranked better than
62.92% of 1451 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs ISX:MRAT: 0.50

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 Mustika Ratu Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp289.091. 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 Rp888.45 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Mustika Ratu Tbk  (ISX:MRAT) 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 Mustika Ratu Tbk Cyclically Adjusted PS Ratio Related Terms


PT Mustika Ratu Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT Mustika Ratu 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 0.28 0.80 0.40 0.35 0.56

PT Mustika Ratu 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 0.26 0.29 0.36 0.56 0.47

ISX:MRAT vs PG, CL, KVUE: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, PT Mustika Ratu 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 Mustika Ratu Tbk Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Mustika Ratu Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:MRAT
71GF Score
PT Mustika Ratu Tbk ISX:MRAT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Mustika Ratu 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 Mustika Ratu Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=438.00/888.45
=0.49

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

For example, PT Mustika Ratu 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)
=289.091/136.5387*136.5387
=289.091

Current CPI (Mar. 2026) = 136.5387.

PT Mustika Ratu Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 225.959 103.212 298.919
201609 191.142 104.142 250.602
201612 197.191 105.222 255.880
201703 192.295 106.476 246.588
201706 146.664 107.722 185.899
201709 212.857 108.020 269.053
201712 253.508 109.017 317.507
201803 193.061 110.097 239.429
201806 182.205 111.085 223.956
201809 182.160 111.135 223.800
201812 144.847 112.430 175.907
201903 147.239 112.829 178.180
201906 175.542 114.730 208.910
201909 196.788 114.905 233.839
201912 193.573 115.486 228.861
202003 159.103 116.252 186.867
202006 175.213 116.630 205.122
202009 185.002 116.397 217.016
202012 224.626 117.318 261.427
202103 207.008 117.840 239.856
202106 204.967 118.184 236.800
202109 185.936 118.262 214.672
202112 165.627 119.516 189.217
202203 175.713 120.948 198.363
202206 214.237 123.322 237.196
202209 119.250 125.298 129.948
202212 157.103 126.098 170.111
202303 175.310 126.953 188.548
202306 216.756 127.663 231.826
202309 126.829 128.151 135.130
202312 183.433 129.395 193.561
202403 178.525 130.607 186.633
202406 214.795 130.792 224.233
202409 128.031 130.361 134.098
202412 258.003 131.432 268.029
202503 199.479 131.948 206.419
202506 244.409 133.241 250.459
202509 161.621 133.819 164.906
202512 384.019 135.271 387.618
202603 289.091 136.539 289.091

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 0.49 mean?
PT Mustika Ratu Tbk (ISX:MRAT) has a Cyclically Adjusted PS Ratio of 0.49 as of Jul. 31, 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 Mustika Ratu Tbk and its competitors. This is 36% above median its historical median of 0.36. Over the past decade, PT Mustika Ratu Tbk's Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.88. According to the industry distribution chart, PT Mustika Ratu Tbk ranks #538 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 37.1%.
Is PT Mustika Ratu Tbk's Cyclically Adjusted PS Ratio too high?
PT Mustika Ratu Tbk's current Cyclically Adjusted PS Ratio of 0.49 is 36% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.88. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. PT Mustika Ratu Tbk's value of 0.49 is 35.5% below this industry median. Based on the distribution chart, PT Mustika Ratu Tbk ranks #538 out of 1451 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, PT Mustika Ratu Tbk has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mustika Ratu Tbk's Cyclically Adjusted PS Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, PT Mustika Ratu Tbk ranks #538 out of 1451 companies for Cyclically Adjusted PS Ratio. This puts PT Mustika Ratu Tbk in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. PT Mustika Ratu Tbk's value of 0.49 is 35.5% below this benchmark. Historically, PT Mustika Ratu Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.12 to 0.88 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.76, PT Mustika Ratu 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,451 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 Mustika Ratu Tbk's current Cyclically Adjusted PS Ratio of 0.49 is 35.5% 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 Mustika Ratu Tbk and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mustika Ratu Tbk's current Cyclically Adjusted PS Ratio is 0.49, which is 36% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mustika Ratu Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mustika Ratu Tbk (ISX:MRAT) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp585.24, compared to a current price of Rp438.00 — trading 25.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 36% above median its 10-year median of 0.36 and 35.5% below the Consumer Packaged Goods industry median of 0.76. PT Mustika Ratu Tbk's overall GF Score™ is 71/100 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 Mustika Ratu Tbk (ISX:MRAT), the current Cyclically Adjusted PS Ratio is 0.49 as of Jul. 31, 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 Mustika Ratu Tbk (ISX:MRAT) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mustika Ratu Tbk stock appears to be undervalued. The current stock price of Rp438.00 is trading 25.2% below its estimated GF Value™ of Rp585.24. GuruFocus considers PT Mustika Ratu Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MRAT:

  • Cyclically Adjusted PS Ratio: 0.49 (36% above median its 10-year median of 0.36)
  • GF Value™: Rp585.24 vs. price of Rp438.00 (25.2% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 35.5% below the Consumer Packaged Goods median (#538 of 1451)

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


PT Mustika Ratu Tbk Business Description

Address Jalan Gatot Subroto Kav 74-75, Graha Mustika Ratu, Penthouse Floor, Jakarta, IDN, 12870
PT Mustika Ratu Tbk is a manufacturer of traditional cosmetics and herbal products. The scope of the company's activity includes fabrication, trade, and distribution of herbs, cosmetics, and healthy drinks as well as other related business activities. The company's operating segments consist of Manufacturing; and Trading, services and distribution. The company generates the majority of its revenue from the Manufacturing segment. The company caters to both domestic and international markets. The company provides its products under the brands Mustika Ratu, Mustika Puteri, Bask, Taman Sari, Java Princess, and Ratu Mas.
71GF Score

Get the complete analysis for ISX:MRAT

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

Rp438.00
Price
Rp585.24
GF Value