PT Bukit Asam (Persero) Tbk (ISX:PTBA) Cyclically Adjusted PS Ratio: 1.02 (As of Sep. 09, 2026) — 22% Below Median

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ISX:PTBA PT Bukit Asam (Persero) Tbk ISX:PTBA
80 GF Score
Price Rp3,100.00
GF Value Rp2,881.70
Valuation Fairly Valued
! 7 Warning Signs
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What is PT Bukit Asam (Persero) Tbk Cyclically Adjusted PS Ratio?

PT Bukit Asam (Persero) Tbk ISX:PTBA +3.33% 80 Cyclically Adjusted PS Ratio is 1.02 as of Sep. 09, 2026, which is 22% below its 10-year median of 1.31. GuruFocus rates ISX:PTBA with a GF Score™ of 80/100 and a GF Value™ of Rp2,881.70 (Fairly Valued). The stock has 7 warning signs investors should review. Among 110 Other Energy Sources companies, PT Bukit Asam (Persero) Tbk ranks better than 61.82% on this metric.

As of today (2026-09-09), PT Bukit Asam (Persero) Tbk's current share price is Rp3100.00. PT Bukit Asam (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp3,034.93. PT Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio for today is 1.02.

The historical rank and industry rank for PT Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

ISX:PTBA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.31   Max: 3.01
Current: 0.99

During the past years, PT Bukit Asam (Persero) Tbk's highest Cyclically Adjusted PS Ratio was 3.01. The lowest was 0.76. And the median was 1.31.

ISX:PTBA's Cyclically Adjusted PS Ratio is ranked better than
61.82% of 110 companies
in the Other Energy Sources industry
Industry Median: 1.345 vs ISX:PTBA: 0.99

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 Bukit Asam (Persero) Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp1,051.279. 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 Rp3,034.93 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bukit Asam (Persero) Tbk  (ISX:PTBA) 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 Bukit Asam (Persero) Tbk Cyclically Adjusted PS Ratio Related Terms


PT Bukit Asam (Persero) Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Bukit Asam (Persero) 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 Bukit Asam (Persero) Tbk Cyclically Adjusted PS Ratio Chart

PT Bukit Asam (Persero) 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 1.52 1.75 1.04 1.06 0.80

PT Bukit Asam (Persero) 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 0.90 0.84 0.80 1.08 0.75

PT Bukit Asam (Persero) Tbk Cyclically Adjusted PS Ratio Competitor Comparison

For the Thermal Coal subindustry, PT Bukit Asam (Persero) 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 Bukit Asam (Persero) Tbk Cyclically Adjusted PS Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:PTBA
80GF Score
PT Bukit Asam (Persero) Tbk ISX:PTBA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bukit Asam (Persero) 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 Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3100.00/3034.93
=1.02

* 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 Bukit Asam (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bukit Asam (Persero) 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)
=1051.279/137.6954*137.6954
=1,051.279

Current CPI (Jun. 2026) = 137.6954.

PT Bukit Asam (Persero) Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 303.516 104.142 401.304
201612 381.116 105.222 498.736
201703 431.376 106.476 557.859
201706 419.355 107.722 536.042
201709 409.868 108.020 522.466
201712 586.681 109.017 741.016
201803 545.409 110.097 682.132
201806 449.991 111.085 557.788
201809 525.953 111.135 651.655
201812 486.899 112.430 596.316
201903 506.335 112.829 617.929
201906 482.860 114.730 579.513
201909 525.274 114.905 629.460
201912 481.802 115.486 574.459
202003 457.763 116.252 542.199
202006 347.810 116.630 410.631
202009 343.024 116.397 405.792
202012 400.242 117.318 469.761
202103 356.997 117.840 417.150
202106 563.298 118.184 656.295
202109 810.635 118.262 943.845
202112 859.876 119.516 990.670
202203 714.283 120.948 813.187
202206 889.506 123.322 993.176
202209 1,101.033 125.298 1,209.969
202212 1,007.880 126.098 1,100.579
202303 866.802 126.953 940.152
202306 774.901 127.663 835.797
202309 772.949 128.151 830.514
202312 935.933 129.395 995.973
202403 819.136 130.607 863.593
202406 888.785 130.792 935.699
202409 956.457 130.361 1,010.270
202412 1,051.642 131.432 1,101.762
202503 864.872 131.948 902.541
202506 911.380 133.241 941.851
202509 944.725 133.819 972.091
202512 981.097 135.271 998.680
202603 861.906 136.539 869.208
202606 1,051.279 137.695 1,051.279

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 1.02 mean?
PT Bukit Asam (Persero) Tbk (ISX:PTBA) has a Cyclically Adjusted PS Ratio of 1.02 as of Sep. 09, 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 Bukit Asam (Persero) Tbk and its competitors. This is 22% below median its historical median of 1.31. Over the past decade, PT Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio has ranged from 0.76 to 3.01. According to the industry distribution chart, PT Bukit Asam (Persero) Tbk ranks #42 out of 110 companies in the Other Energy Sources industry, placing it in the top 38.2%.
Is PT Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio too high?
PT Bukit Asam (Persero) Tbk's current Cyclically Adjusted PS Ratio of 1.02 is 22% below median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 3.01. The Other Energy Sources industry median Cyclically Adjusted PS Ratio is 1.35. PT Bukit Asam (Persero) Tbk's value of 1.02 is 24.2% below this industry median. Based on the distribution chart, PT Bukit Asam (Persero) Tbk ranks #42 out of 110 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, PT Bukit Asam (Persero) Tbk has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Bukit Asam (Persero) Tbk's Cyclically Adjusted PS Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Bukit Asam (Persero) Tbk ranks #42 out of 110 companies for Cyclically Adjusted PS Ratio. This puts PT Bukit Asam (Persero) Tbk in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.35. PT Bukit Asam (Persero) Tbk's value of 1.02 is 24.2% below this benchmark. Historically, PT Bukit Asam (Persero) Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 3.01 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.35, PT Bukit Asam (Persero) 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 Other Energy Sources company?
The median Cyclically Adjusted PS Ratio among Other Energy Sources companies is 1.35, based on 110 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 Bukit Asam (Persero) Tbk's current Cyclically Adjusted PS Ratio of 1.02 is 24.2% 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 Bukit Asam (Persero) Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PS Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bukit Asam (Persero) Tbk's current Cyclically Adjusted PS Ratio is 1.02, which is 22% below median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bukit Asam (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bukit Asam (Persero) Tbk (ISX:PTBA) is currently considered Fairly Valued. The stock's GF Value™ is Rp2,881.70, compared to a current price of Rp3,100.00 — trading 7.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.02, which is 22% below median its 10-year median of 1.31 and 24.2% below the Other Energy Sources industry median of 1.35. PT Bukit Asam (Persero) Tbk's overall GF Score™ is 80/100 with 7 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 Bukit Asam (Persero) Tbk (ISX:PTBA), the current Cyclically Adjusted PS Ratio is 1.02 as of Sep. 09, 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 Bukit Asam (Persero) Tbk (ISX:PTBA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bukit Asam (Persero) Tbk stock appears to be overvalued. The current stock price of Rp3,100.00 is trading 7.6% above its estimated GF Value™ of Rp2,881.70. GuruFocus considers PT Bukit Asam (Persero) Tbk to be Fairly Valued.

Key valuation signals for ISX:PTBA:

  • Cyclically Adjusted PS Ratio: 1.02 (22% below median its 10-year median of 1.31)
  • GF Value™: Rp2,881.70 vs. price of Rp3,100.00 (7.6% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 24.2% below the Other Energy Sources median (#42 of 110)

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


PT Bukit Asam (Persero) Tbk Business Description

Address Jalan Parigi No. 1, Tanjung Enim, Muara Enim, South Sumatra, 5d356, Palembang, IDN, 31716
PT Bukit Asam (Persero) Tbk operates in Indonesia's energy sector, managing coal reserves and producing coal for domestic and export markets. The operations of the company include logistics and infrastructure for coal distribution via dedicated routes and railways, downstream processing of coal for power generation and derivative products, and development of renewable energy projects, including solar power (PV) and biomass.
80GF Score

Get the complete analysis for ISX:PTBA

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

Rp3,100.00
Price
Rp2,881.70
GF Value