PT PP (Persero) Tbk (ISX:PTPP) Cyclically Adjusted PS Ratio: 0.06 (As of Jul. 30, 2026) — 74% Below Median

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ISX:PTPP PT PP (Persero) Tbk ISX:PTPP
59 GF Score
Price Rp198.00
GF Value Rp316.24
Valuation Possible Value Trap
! 8 Warning Signs
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What is PT PP (Persero) Tbk Cyclically Adjusted PS Ratio?

PT PP (Persero) Tbk ISX:PTPP -1.98% 59 Cyclically Adjusted PS Ratio is 0.06 as of Jul. 30, 2026, which is 74% below its 10-year median of 0.23. GuruFocus rates ISX:PTPP with a GF Score™ of 59/100 and a GF Value™ of Rp316.24 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,359 Construction companies, PT PP (Persero) Tbk ranks better than 96.32% on this metric.

As of today (2026-07-30), PT PP (Persero) Tbk's current share price is Rp198.00. PT PP (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp3,586.57. PT PP (Persero) Tbk's Cyclically Adjusted PS Ratio for today is 0.06.

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

ISX:PTPP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.23   Max: 0.89
Current: 0.06

During the past years, PT PP (Persero) Tbk's highest Cyclically Adjusted PS Ratio was 0.89. The lowest was 0.05. And the median was 0.23.

ISX:PTPP's Cyclically Adjusted PS Ratio is ranked better than
96.32% of 1359 companies
in the Construction industry
Industry Median: 0.7 vs ISX:PTPP: 0.06

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 PP (Persero) Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp504.990. 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 Rp3,586.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT PP (Persero) Tbk  (ISX:PTPP) 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 PP (Persero) Tbk Cyclically Adjusted PS Ratio Related Terms


PT PP (Persero) Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

PT PP (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 0.30 0.20 0.12 0.09 0.11

PT PP (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 0.12 0.11 0.11 0.08 0.05

ISX:PTPP vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, PT PP (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 PP (Persero) Tbk Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT PP (Persero) Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:PTPP
59GF Score
PT PP (Persero) Tbk ISX:PTPP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT PP (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 PP (Persero) Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=198.00/3586.57
=0.06

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

For example, PT PP (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)
=504.99/137.6954*137.6954
=504.990

Current CPI (Jun. 2026) = 137.6954.

PT PP (Persero) Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 858.415 104.142 1,134.982
201612 905.376 105.222 1,184.792
201703 470.512 106.476 608.470
201706 840.184 107.722 1,073.968
201709 908.939 108.020 1,158.640
201712 1,248.528 109.017 1,576.972
201803 594.089 110.097 743.015
201806 939.348 111.085 1,164.372
201809 851.595 111.135 1,055.124
201812 1,666.578 112.430 2,041.095
201903 798.038 112.829 973.922
201906 918.068 114.730 1,101.835
201909 849.388 114.905 1,017.860
201912 1,236.697 115.486 1,474.531
202003 551.218 116.252 652.892
202006 538.146 116.630 635.346
202009 544.704 116.397 644.377
202012 922.885 117.318 1,083.183
202103 458.948 117.840 536.279
202106 585.033 118.184 681.619
202109 768.653 118.262 894.964
202112 897.540 119.516 1,034.063
202203 692.042 120.948 787.866
202206 766.806 123.322 856.176
202209 717.537 125.298 788.530
202212 860.223 126.098 939.341
202303 705.500 126.953 765.200
202306 595.516 127.663 642.315
202309 675.592 128.151 725.906
202312 1,008.549 129.395 1,073.248
202403 745.573 130.607 786.037
202406 676.162 130.792 711.853
202409 842.366 130.361 889.760
202412 938.979 131.432 983.730
202503 567.118 131.948 591.819
202506 517.572 133.241 534.877
202509 651.115 133.819 669.976
202512 894.734 135.271 910.769
202603 229.109 136.539 231.050
202606 504.990 137.695 504.990

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 0.06 mean?
PT PP (Persero) Tbk (ISX:PTPP) has a Cyclically Adjusted PS Ratio of 0.06 as of Jul. 30, 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 PP (Persero) Tbk and its competitors. This is 74% below median its historical median of 0.23. Over the past decade, PT PP (Persero) Tbk's Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.89. According to the industry distribution chart, PT PP (Persero) Tbk ranks #50 out of 1359 companies in the Construction industry, placing it in the top 3.7%.
Is PT PP (Persero) Tbk's Cyclically Adjusted PS Ratio too high?
PT PP (Persero) Tbk's current Cyclically Adjusted PS Ratio of 0.06 is 74% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.89. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. PT PP (Persero) Tbk's value of 0.06 is 91.4% below this industry median. Based on the distribution chart, PT PP (Persero) Tbk ranks #50 out of 1359 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PT PP (Persero) Tbk has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT PP (Persero) Tbk's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, PT PP (Persero) Tbk ranks #50 out of 1359 companies for Cyclically Adjusted PS Ratio. This places PT PP (Persero) Tbk in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.70. PT PP (Persero) Tbk's value of 0.06 is 91.4% below this benchmark. Historically, PT PP (Persero) Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.89 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.70, PT PP (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 a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,359 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 PP (Persero) Tbk's current Cyclically Adjusted PS Ratio of 0.06 is 91.4% 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 PP (Persero) Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT PP (Persero) Tbk's current Cyclically Adjusted PS Ratio is 0.06, which is 74% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT PP (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT PP (Persero) Tbk (ISX:PTPP) is currently considered Possible Value Trap. The stock's GF Value™ is Rp316.24, compared to a current price of Rp198.00 — trading 37.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.06, which is 74% below median its 10-year median of 0.23 and 91.4% below the Construction industry median of 0.70. PT PP (Persero) Tbk's overall GF Score™ is 59/100 with 8 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 PP (Persero) Tbk (ISX:PTPP), the current Cyclically Adjusted PS Ratio is 0.06 as of Jul. 30, 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 PP (Persero) Tbk (ISX:PTPP) Overvalued in 2026?

Based on GuruFocus' analysis, PT PP (Persero) Tbk stock appears to be undervalued. The current stock price of Rp198.00 is trading 37.4% below its estimated GF Value™ of Rp316.24. GuruFocus considers PT PP (Persero) Tbk to be Possible Value Trap.

Key valuation signals for ISX:PTPP:

  • Cyclically Adjusted PS Ratio: 0.06 (74% below median its 10-year median of 0.23)
  • GF Value™: Rp316.24 vs. price of Rp198.00 (37.4% below fair value)
  • GF Score™: 59/100 with 8 warning signs
  • Industry Position: 91.4% below the Construction median (#50 of 1359)

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


PT PP (Persero) Tbk Business Description

Address Jalan Letjend, TB. Simatupang No. 57, Plaza PP - Wisma Subiyanto, Pasar Rebo, Jakarta, IDN, 13760
PT PP (Persero) Tbk provides construction services. It is operating in the fields of Construction (buildings, civil/infrastructure, EPC, specialty projects, plants, and equipment) and Investment (infrastructure, property, and energy). The company's primary segments are: Construction; Property and Realty; Precast; Equipment Rent; Energy; Mining Services Business; and EPC (Engineering, Procurement, Construction). It derives maximum revenue from the Construction Segment.
59GF Score

Get the complete analysis for ISX:PTPP

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

Rp198.00
Price
Rp316.24
GF Value