PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:SMAR PT Sinar Mas Agro Resources & Technology Tbk ISX:SMAR
82 GF Score
Price Rp6,225.00
GF Value Rp5,016.33
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is PT Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Sinar Mas Agro Resources & Technology Tbk  (ISX:SMAR) 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 Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted PS Ratio Related Terms


PT Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted PS Ratio Chart

PT Sinar Mas Agro Resources & Technology 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 0.31 0.31 0.23 0.19 0.23

PT Sinar Mas Agro Resources & Technology 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 0.17 0.26 0.23 0.24 0.21

ISX:SMAR vs ADM, BG, TSN: Cyclically Adjusted PS Ratio Comparison

For the Farm Products subindustry, PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:SMAR
82GF Score
PT Sinar Mas Agro Resources & Technology Tbk ISX:SMAR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Sinar Mas Agro Resources & Technology 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)
=8006.398/137.6954*137.6954
=8,006.398

Current CPI (Jun. 2026) = 137.6954.

PT Sinar Mas Agro Resources & Technology Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2,385.542 104.142 3,154.125
201612 3,035.478 105.222 3,972.285
201703 3,206.900 106.476 4,147.186
201706 2,850.859 107.722 3,644.121
201709 2,917.955 108.020 3,719.566
201712 3,320.847 109.017 4,194.445
201803 2,954.919 110.097 3,695.656
201806 3,202.593 111.085 3,969.785
201809 3,488.952 111.135 4,322.804
201812 3,372.035 112.430 4,129.806
201903 3,280.709 112.829 4,003.763
201906 2,918.871 114.730 3,503.133
201909 2,986.058 114.905 3,578.329
201912 3,417.309 115.486 4,074.504
202003 3,348.944 116.252 3,966.667
202006 3,291.532 116.630 3,886.046
202009 3,178.735 116.397 3,760.395
202012 4,258.653 117.318 4,998.350
202103 3,864.502 117.840 4,515.657
202106 4,416.661 118.184 5,145.827
202109 5,777.825 118.262 6,727.283
202112 5,787.946 119.516 6,668.336
202203 6,051.234 120.948 6,889.123
202206 6,519.387 123.322 7,279.210
202209 7,287.370 125.298 8,008.381
202212 6,270.319 126.098 6,847.025
202303 6,099.955 126.953 6,616.142
202306 5,256.433 127.663 5,669.514
202309 5,671.837 128.151 6,094.244
202312 6,135.448 129.395 6,529.038
202403 6,226.248 130.607 6,564.164
202406 6,270.264 130.792 6,601.238
202409 7,102.903 130.361 7,502.534
202412 7,848.403 131.432 8,222.450
202503 7,366.513 131.948 7,687.361
202506 7,697.282 133.241 7,954.635
202509 7,794.817 133.819 8,020.613
202512 7,413.050 135.271 7,545.905
202603 7,218.957 136.539 7,280.113
202606 8,006.398 137.695 8,006.398

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 Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Sinar Mas Agro Resources & Technology Tbk stock appears to be overvalued. The current stock price of Rp6,225.00 is trading 24.1% above its estimated GF Value™ of Rp5,016.33. GuruFocus considers PT Sinar Mas Agro Resources & Technology Tbk to be Modestly Overvalued.

Key valuation signals for ISX:SMAR:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Rp5,016.33 vs. price of Rp6,225.00 (24.1% above fair value)
  • GF Score™: 82/100 with 7 warning signs

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


PT Sinar Mas Agro Resources & Technology Tbk Business Description

Address Jalan MH Thamrin No. 51, Tower II, 28th-30th Floor, Sinar Mas Land Plaza, Jakarta, IDN, 10350
PT Sinar Mas Agro Resources & Technology Tbk is involved in the business of cultivating and harvesting oil palm trees, extracting fresh fruit bunches into crude palm oil and palm kernel, processing it into value-added products such as cooking oil, margarine, shortening, oleochemicals, and biodiesel. The firm's products include cooking oil, fat, margarine, crude palm oil, palm kernel, cocoa butter substitute, etc. Its scope of activities comprises plantation development, agriculture, trading, refining of plantation products, management services, and research related to the business.
82GF Score

Get the complete analysis for ISX:SMAR

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

Rp6,225.00
Price
Rp5,016.33
GF Value