PT Suparma Tbk (ISX:SPMA) Cyclically Adjusted PS Ratio: 0.31 (As of Jul. 18, 2026) — Near Median

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ISX:SPMA PT Suparma Tbk ISX:SPMA
78 GF Score
Price Rp169.00
GF Value Rp183.63
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is PT Suparma Tbk Cyclically Adjusted PS Ratio?

PT Suparma Tbk ISX:SPMA +0.60% 78 Cyclically Adjusted PS Ratio is 0.31 as of Jul. 18, 2026, which is 3% above its 10-year median of 0.30. GuruFocus rates ISX:SPMA with a GF Score™ of 78/100 and a GF Value™ of Rp183.63 (Fairly Valued). The stock has 6 warning signs investors should review. Among 247 Forest Products companies, PT Suparma Tbk ranks better than 63.97% on this metric.

As of today (2026-07-18), PT Suparma Tbk's current share price is Rp169.00. PT Suparma Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp548.49. PT Suparma Tbk's Cyclically Adjusted PS Ratio for today is 0.31.

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

ISX:SPMA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.3   Max: 0.34
Current: 0.31

During the past years, PT Suparma Tbk's highest Cyclically Adjusted PS Ratio was 0.34. The lowest was 0.27. And the median was 0.30.

ISX:SPMA's Cyclically Adjusted PS Ratio is ranked better than
63.97% of 247 companies
in the Forest Products industry
Industry Median: 0.45 vs ISX:SPMA: 0.31

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 Suparma Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp122.510. 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 Rp548.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Suparma Tbk  (ISX:SPMA) 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 Suparma Tbk Cyclically Adjusted PS Ratio Related Terms


PT Suparma Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Suparma 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 Suparma Tbk Cyclically Adjusted PS Ratio Chart

PT Suparma 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 0.00 0.00 0.00 0.00 0.34

PT Suparma Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.38 0.34 0.29

ISX:SPMA vs SLVM: Cyclically Adjusted PS Ratio Comparison

For the Paper & Paper Products subindustry, PT Suparma 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 Suparma Tbk Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Suparma Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:SPMA
78GF Score
PT Suparma Tbk ISX:SPMA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Suparma 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 Suparma Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=169.00/548.49
=0.31

* 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 Suparma Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Suparma Tbk's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=122.51/136.5387*136.5387
=122.510

Current CPI (Mar. 2026) = 136.5387.

PT Suparma Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 128.540 103.212 170.045
201609 120.425 104.142 157.886
201612 130.344 105.222 169.138
201703 86.767 106.476 111.265
201706 94.934 107.722 120.330
201709 104.479 108.020 132.062
201712 106.498 109.017 133.384
201803 101.909 110.097 126.385
201806 101.227 111.085 124.422
201809 115.028 111.135 141.322
201812 130.069 112.430 157.960
201903 114.251 112.829 138.260
201906 117.457 114.730 139.784
201909 120.553 114.905 143.251
201912 119.401 115.486 141.168
202003 105.100 116.252 123.440
202006 80.813 116.630 94.608
202009 102.828 116.397 120.622
202012 114.885 117.318 133.707
202103 112.187 117.840 129.989
202106 115.735 118.184 133.709
202109 133.191 118.262 153.775
202112 109.866 119.516 125.514
202203 143.543 120.948 162.046
202206 145.946 123.322 161.587
202209 152.876 125.298 166.590
202212 146.342 126.098 158.459
202303 131.090 126.953 140.989
202306 113.125 127.663 120.990
202309 122.040 128.151 130.027
202312 132.491 129.395 139.806
202403 123.370 130.607 128.973
202406 115.974 130.792 121.070
202409 128.721 130.361 134.821
202412 144.023 131.432 149.619
202503 119.467 131.948 123.623
202506 122.233 133.241 125.259
202509 131.638 133.819 134.313
202512 140.832 135.271 142.152
202603 122.510 136.539 122.510

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 0.31 mean?
PT Suparma Tbk (ISX:SPMA) has a Cyclically Adjusted PS Ratio of 0.31 as of Jul. 18, 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 Suparma Tbk and its competitors. This is near median its historical median of 0.30. Over the past decade, PT Suparma Tbk's Cyclically Adjusted PS Ratio has ranged from 0.27 to 0.34. According to the industry distribution chart, PT Suparma Tbk ranks #89 out of 247 companies in the Forest Products industry, placing it in the top 36%.
Is PT Suparma Tbk's Cyclically Adjusted PS Ratio too high?
PT Suparma Tbk's current Cyclically Adjusted PS Ratio of 0.31 is near median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.34. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.45. PT Suparma Tbk's value of 0.31 is 31.1% below this industry median. Based on the distribution chart, PT Suparma Tbk ranks #89 out of 247 companies in the Forest Products industry, which is above the industry midpoint. Overall, PT Suparma Tbk has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Suparma Tbk's Cyclically Adjusted PS Ratio compare to SLVM?
According to the Forest Products industry distribution chart, PT Suparma Tbk ranks #89 out of 247 companies for Cyclically Adjusted PS Ratio. This puts PT Suparma Tbk in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. PT Suparma Tbk's value of 0.31 is 31.1% below this benchmark. Historically, PT Suparma Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.27 to 0.34 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.45, PT Suparma 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 Forest Products company?
The median Cyclically Adjusted PS Ratio among Forest Products companies is 0.45, based on 247 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 Suparma Tbk's current Cyclically Adjusted PS Ratio of 0.31 is 31.1% 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 Suparma Tbk and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Suparma Tbk's current Cyclically Adjusted PS Ratio is 0.31, which is near median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Suparma Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Suparma Tbk (ISX:SPMA) is currently considered Fairly Valued. The stock's GF Value™ is Rp183.63, compared to a current price of Rp169.00 — trading 8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.31, which is near median its 10-year median of 0.30 and 31.1% below the Forest Products industry median of 0.45. PT Suparma Tbk's overall GF Score™ is 78/100 with 6 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 Suparma Tbk (ISX:SPMA), the current Cyclically Adjusted PS Ratio is 0.31 as of Jul. 18, 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 Suparma Tbk (ISX:SPMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Suparma Tbk stock appears to be undervalued. The current stock price of Rp169.00 is trading 8% below its estimated GF Value™ of Rp183.63. GuruFocus considers PT Suparma Tbk to be Fairly Valued.

Key valuation signals for ISX:SPMA:

  • Cyclically Adjusted PS Ratio: 0.31 (near median its 10-year median of 0.30)
  • GF Value™: Rp183.63 vs. price of Rp169.00 (8% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 31.1% below the Forest Products median (#89 of 247)

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


PT Suparma Tbk Business Description

Address Jalan Raya Mastrip, No. 856 Warugunung, Karangpilang, East Java, Surabaya, IDN, 60221
PT Suparma Tbk is an Indonesia-based company that manufactures paper and paper products. The group manufactured paper and paper wrapping products for the industrial and consumer sectors. The firm offers Laminated Wrapping Kraft, Samson Kraft, MG Paper, Coated Duplex Board, Bathroom Tissue, Carrier Tissue, Industrial Roll Towel, Kitchen Towel, and Other products. Geographically, the firm generates the majority of its revenue from the local market.
78GF Score

Get the complete analysis for ISX:SPMA

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

Rp169.00
Price
Rp183.63
GF Value