PT Mustika Ratu Tbk (ISX:MRAT) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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ISX:MRAT PT Mustika Ratu Tbk ISX:MRAT
61 GF Score
Price Rp356.00
GF Value Rp593.15
Valuation Significantly Undervalued
! 4 Warning Signs
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What is PT Mustika Ratu Tbk Cyclically Adjusted PS Ratio?

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 0.81 0.40 0.35 0.57

PT Mustika Ratu 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 0.29 0.36 0.56 0.47 0.49

ISX:MRAT vs PG, CL, EL: 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
61GF 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Mustika Ratu 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)
=356.326/137.6954*137.6954
=356.326

Current CPI (Jun. 2026) = 137.6954.

PT Mustika Ratu Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 191.142 104.142 252.725
201612 197.191 105.222 258.048
201703 192.295 106.476 248.677
201706 146.664 107.722 187.474
201709 212.857 108.020 271.332
201712 253.508 109.017 320.197
201803 193.061 110.097 241.457
201806 182.205 111.085 225.853
201809 182.160 111.135 225.696
201812 144.847 112.430 177.397
201903 147.239 112.829 179.690
201906 175.542 114.730 210.680
201909 196.788 114.905 235.820
201912 193.573 115.486 230.800
202003 159.103 116.252 188.450
202006 175.213 116.630 206.860
202009 185.002 116.397 218.855
202012 224.626 117.318 263.642
202103 207.008 117.840 241.888
202106 204.967 118.184 238.806
202109 185.936 118.262 216.490
202112 165.627 119.516 190.820
202203 175.713 120.948 200.043
202206 214.237 123.322 239.206
202209 119.250 125.298 131.049
202212 157.103 126.098 171.552
202303 175.310 126.953 190.145
202306 216.756 127.663 233.790
202309 126.829 128.151 136.275
202312 183.433 129.395 195.200
202403 178.525 130.607 188.214
202406 214.795 130.792 226.133
202409 128.031 130.361 135.234
202412 258.003 131.432 270.299
202503 199.479 131.948 208.167
202506 244.409 133.241 252.581
202509 161.621 133.819 166.303
202512 384.019 135.271 390.901
202603 289.091 136.539 291.540
202606 356.326 137.695 356.326

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.

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 Rp356.00 is trading 40% below its estimated GF Value™ of Rp593.15. GuruFocus considers PT Mustika Ratu Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MRAT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Rp593.15 vs. price of Rp356.00 (40% below fair value)
  • GF Score™: 61/100 with 4 warning signs

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.
61GF 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.

Rp356.00
Price
Rp593.15
GF Value