PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) Cyclically Adjusted PS Ratio: 0.23 (As of Aug. 15, 2026) — 21% Below Median

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ISX:MREI PT Maskapai Reasuransi Indonesia Tbk ISX:MREI
62 GF Score
Price Rp920.00
GF Value Rp1,523.20
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is PT Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted PS Ratio?

PT Maskapai Reasuransi Indonesia Tbk ISX:MREI 62 Cyclically Adjusted PS Ratio is 0.23 as of Aug. 15, 2026, which is 21% below its 10-year median of 0.29. GuruFocus rates ISX:MREI with a GF Score™ of 62/100 and a GF Value™ of Rp1,523.20 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 415 Insurance companies, PT Maskapai Reasuransi Indonesia Tbk ranks better than 94.46% on this metric.

As of today (2026-08-15), PT Maskapai Reasuransi Indonesia Tbk's current share price is Rp920.00. PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 was Rp4,063.02. PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted PS Ratio for today is 0.23.

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

ISX:MREI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.29   Max: 1.65
Current: 0.23

During the past years, PT Maskapai Reasuransi Indonesia Tbk's highest Cyclically Adjusted PS Ratio was 1.65. The lowest was 0.17. And the median was 0.29.

ISX:MREI's Cyclically Adjusted PS Ratio is ranked better than
94.46% of 415 companies
in the Insurance industry
Industry Median: 1.22 vs ISX:MREI: 0.23

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 Maskapai Reasuransi Indonesia Tbk's adjusted revenue per share data for the three months ended in Sep. 2025 was Rp1,410.008. 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 Rp4,063.02 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Maskapai Reasuransi Indonesia Tbk  (ISX:MREI) 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 Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted PS Ratio Related Terms


PT Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Maskapai Reasuransi 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 Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted PS Ratio Chart

PT Maskapai Reasuransi Indonesia Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.30 0.59 0.24

PT Maskapai Reasuransi Indonesia Tbk Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.27 0.24 0.20 0.20 0.23

ISX:MREI vs RGA, EG, RNR: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Reinsurance subindustry, PT Maskapai Reasuransi 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 Maskapai Reasuransi Indonesia Tbk Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:MREI
62GF Score
PT Maskapai Reasuransi Indonesia Tbk ISX:MREI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Maskapai Reasuransi 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 Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=920.00/4063.02
=0.23

* 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 Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, PT Maskapai Reasuransi Indonesia Tbk's adjusted Revenue per Share data for the three months ended in Sep. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=1410.008/133.8190*133.8190
=1,410.008

Current CPI (Sep. 2025) = 133.8190.

PT Maskapai Reasuransi Indonesia Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 682.101 102.133 893.719
201603 592.102 102.764 771.034
201606 627.260 103.212 813.268
201609 573.763 104.142 737.264
201612 777.278 105.222 988.526
201703 609.449 106.476 765.956
201706 626.464 107.722 778.236
201709 590.999 108.020 732.148
201712 1,241.247 109.017 1,523.639
201803 572.243 110.097 695.544
201806 635.341 111.085 765.368
201809 520.394 111.135 626.616
201812 1,207.316 112.430 1,437.000
201903 660.783 112.829 783.714
201906 790.650 114.730 922.198
201909 868.397 114.905 1,011.343
201912 1,217.176 115.486 1,410.400
202003 845.271 116.252 972.999
202006 788.114 116.630 904.268
202009 793.479 116.397 912.248
202012 1,425.731 117.318 1,626.261
202103 960.984 117.840 1,091.294
202106 877.315 118.184 993.379
202109 785.357 118.262 888.671
202112 1,070.479 119.516 1,198.587
202203 870.066 120.948 962.655
202206 895.950 123.322 972.209
202209 841.582 125.298 898.812
202212 1,017.525 126.098 1,079.831
202303 852.704 126.953 898.824
202306 964.472 127.663 1,010.980
202309 934.818 128.151 976.161
202312 1,192.466 129.395 1,233.239
202403 991.682 130.607 1,016.070
202406 1,210.935 130.792 1,238.964
202409 1,249.432 130.361 1,282.576
202412 972.633 131.432 990.301
202503 1,124.850 131.948 1,140.797
202506 1,269.556 133.241 1,275.067
202509 1,410.008 133.819 1,410.008

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 0.23 mean?
PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) has a Cyclically Adjusted PS Ratio of 0.23 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 Maskapai Reasuransi Indonesia Tbk and its competitors. This is 21% below median its historical median of 0.29. Over the past decade, PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted PS Ratio has ranged from 0.17 to 1.65. According to the industry distribution chart, PT Maskapai Reasuransi Indonesia Tbk ranks #23 out of 415 companies in the Insurance industry, placing it in the top 5.5%.
Is PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted PS Ratio too high?
PT Maskapai Reasuransi Indonesia Tbk's current Cyclically Adjusted PS Ratio of 0.23 is 21% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.65. The Insurance industry median Cyclically Adjusted PS Ratio is 1.22. PT Maskapai Reasuransi Indonesia Tbk's value of 0.23 is 81.1% below this industry median. Based on the distribution chart, PT Maskapai Reasuransi Indonesia Tbk ranks #23 out of 415 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, PT Maskapai Reasuransi Indonesia Tbk has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Maskapai Reasuransi Indonesia Tbk's Cyclically Adjusted PS Ratio compare to RGA and EG?
According to the Insurance industry distribution chart, PT Maskapai Reasuransi Indonesia Tbk ranks #23 out of 415 companies for Cyclically Adjusted PS Ratio. This places PT Maskapai Reasuransi Indonesia Tbk in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.22. PT Maskapai Reasuransi Indonesia Tbk's value of 0.23 is 81.1% below this benchmark. Historically, PT Maskapai Reasuransi Indonesia Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 1.65 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.22, PT Maskapai Reasuransi 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 an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.22, based on 415 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 Maskapai Reasuransi Indonesia Tbk's current Cyclically Adjusted PS Ratio of 0.23 is 81.1% 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 Maskapai Reasuransi Indonesia Tbk and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Maskapai Reasuransi Indonesia Tbk's current Cyclically Adjusted PS Ratio is 0.23, which is 21% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Maskapai Reasuransi Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp1,523.20, compared to a current price of Rp920.00 — trading 39.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.23, which is 21% below median its 10-year median of 0.29 and 81.1% below the Insurance industry median of 1.22. PT Maskapai Reasuransi Indonesia Tbk's overall GF Score™ is 62/100 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 Maskapai Reasuransi Indonesia Tbk (ISX:MREI), the current Cyclically Adjusted PS Ratio is 0.23 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 Maskapai Reasuransi Indonesia Tbk (ISX:MREI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Maskapai Reasuransi Indonesia Tbk stock appears to be undervalued. The current stock price of Rp920.00 is trading 39.6% below its estimated GF Value™ of Rp1,523.20. GuruFocus considers PT Maskapai Reasuransi Indonesia Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MREI:

  • Cyclically Adjusted PS Ratio: 0.23 (21% below median its 10-year median of 0.29)
  • GF Value™: Rp1,523.20 vs. price of Rp920.00 (39.6% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 81.1% below the Insurance median (#23 of 415)

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


PT Maskapai Reasuransi Indonesia Tbk Business Description

Address Jalan Jend. Sudirman Kav. 76-78, Plaza Marein, 18th Floor, Jakarta, IDN, 12910
PT Maskapai Reasuransi Indonesia Tbk is involved in the reinsurance business across Indonesia. Its divisions are Life Reinsurance and General Reinsurance. The company's business offering includes fire, marine cargo, marine hull, motor vehicles, and life reinsurance products. Some of its products include personal accidents, lines, marine, critical illness, disability, and health.
62GF Score

Get the complete analysis for ISX:MREI

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

Rp920.00
Price
Rp1,523.20
GF Value