PT Calculus Global Ventures Tbk (ISX:STAR) Cyclically Adjusted PS Ratio: 25.66 (As of Jul. 11, 2026) — 568% Above Median


ISX:STAR PT Calculus Global Ventures Tbk ISX:STAR
59 GF Score
Price Rp300.00
GF Value Rp111.75
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Calculus Global Ventures Tbk Cyclically Adjusted PS Ratio?

PT Calculus Global Ventures Tbk ISX:STAR +2.74% 59 Cyclically Adjusted PS Ratio is 25.66 as of Jul. 11, 2026, which is 568% above its 10-year median of 3.84. GuruFocus rates ISX:STAR with a GF Score™ of 59/100 and a GF Value™ of Rp111.75 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 904 Asset Management companies, PT Calculus Global Ventures Tbk ranks worse than 91.15% on this metric.

As of today (2026-07-11), PT Calculus Global Ventures Tbk's current share price is Rp300.00. PT Calculus Global Ventures Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp11.69. PT Calculus Global Ventures Tbk's Cyclically Adjusted PS Ratio for today is 25.66.

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

ISX:STAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.05   Med: 3.84   Max: 62.95
Current: 23.44

During the past years, PT Calculus Global Ventures Tbk's highest Cyclically Adjusted PS Ratio was 62.95. The lowest was 1.05. And the median was 3.84.

ISX:STAR's Cyclically Adjusted PS Ratio is ranked worse than
91.15% of 904 companies
in the Asset Management industry
Industry Median: 7.635 vs ISX:STAR: 23.44

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 Calculus Global Ventures Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp0.526. 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 Rp11.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Calculus Global Ventures Tbk  (ISX:STAR) 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 Calculus Global Ventures Tbk Cyclically Adjusted PS Ratio Related Terms


PT Calculus Global Ventures Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Calculus Global Ventures 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 Calculus Global Ventures Tbk Cyclically Adjusted PS Ratio Chart

PT Calculus Global Ventures 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 4.04 4.21 4.25 2.63 34.55

PT Calculus Global Ventures 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 1.17 1.89 5.69 34.55 51.33

ISX:STAR vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, PT Calculus Global Ventures 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 Calculus Global Ventures Tbk Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Calculus Global Ventures Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:STAR
59GF Score
PT Calculus Global Ventures Tbk ISX:STAR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Calculus Global Ventures 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 Calculus Global Ventures Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=300.00/11.69
=25.66

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

For example, PT Calculus Global Ventures 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)
=0.526/136.5387*136.5387
=0.526

Current CPI (Mar. 2026) = 136.5387.

PT Calculus Global Ventures Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.634 103.212 11.422
201609 8.594 104.142 11.267
201612 3.208 105.222 4.163
201703 5.891 106.476 7.554
201706 3.410 107.722 4.322
201709 6.758 108.020 8.542
201712 7.794 109.017 9.762
201803 6.989 110.097 8.668
201806 4.755 111.085 5.845
201809 7.991 111.135 9.818
201812 7.730 112.430 9.388
201903 6.380 112.829 7.721
201906 5.639 114.730 6.711
201909 1.698 114.905 2.018
201912 2.640 115.486 3.121
202003 0.106 116.252 0.124
202006 0.159 116.630 0.186
202009 0.172 116.397 0.202
202012 0.176 117.318 0.205
202103 0.180 117.840 0.209
202106 0.194 118.184 0.224
202109 0.211 118.262 0.244
202112 0.226 119.516 0.258
202203 0.214 120.948 0.242
202206 0.219 123.322 0.242
202209 0.252 125.298 0.275
202212 0.258 126.098 0.279
202303 0.246 126.953 0.265
202306 0.234 127.663 0.250
202309 0.256 128.151 0.273
202312 0.251 129.395 0.265
202403 0.242 130.607 0.253
202406 0.204 130.792 0.213
202409 0.199 130.361 0.208
202412 0.202 131.432 0.210
202503 0.310 131.948 0.321
202506 0.340 133.241 0.348
202509 0.307 133.819 0.313
202512 0.422 135.271 0.426
202603 0.526 136.539 0.526

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 25.66 mean?
PT Calculus Global Ventures Tbk (ISX:STAR) has a Cyclically Adjusted PS Ratio of 25.66 as of Jul. 11, 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 Calculus Global Ventures Tbk and its competitors. This is 568% above median its historical median of 3.84. Over the past decade, PT Calculus Global Ventures Tbk's Cyclically Adjusted PS Ratio has ranged from 1.05 to 62.95. According to the industry distribution chart, PT Calculus Global Ventures Tbk ranks #824 out of 904 companies in the Asset Management industry, placing it in the top 91.2%.
Is PT Calculus Global Ventures Tbk's Cyclically Adjusted PS Ratio too high?
PT Calculus Global Ventures Tbk's current Cyclically Adjusted PS Ratio of 25.66 is 568% above median its 10-year median of 3.84. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 62.95. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.64. PT Calculus Global Ventures Tbk's value of 25.66 is 236.1% above this industry median. Based on the distribution chart, PT Calculus Global Ventures Tbk ranks #824 out of 904 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PT Calculus Global Ventures Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Calculus Global Ventures Tbk's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Calculus Global Ventures Tbk ranks #824 out of 904 companies for Cyclically Adjusted PS Ratio. This places PT Calculus Global Ventures Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.64. PT Calculus Global Ventures Tbk's value of 25.66 is 236.1% above this benchmark. Historically, PT Calculus Global Ventures Tbk's own Cyclically Adjusted PS Ratio has ranged from 1.05 to 62.95 over the past decade. While the company's 10-year median is 3.84 vs. the industry median of 7.64, PT Calculus Global Ventures Tbk has consistently been above 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 Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.64, based on 904 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 Calculus Global Ventures Tbk's current Cyclically Adjusted PS Ratio of 25.66 is 236.1% above 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 Calculus Global Ventures Tbk and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Calculus Global Ventures Tbk's current Cyclically Adjusted PS Ratio is 25.66, which is 568% above median its own 10-year median of 3.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Calculus Global Ventures Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk (ISX:STAR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp111.75, compared to a current price of Rp300.00 — trading 168.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 25.66, which is 568% above median its 10-year median of 3.84 and 236.1% above the Asset Management industry median of 7.64. PT Calculus Global Ventures Tbk's overall GF Score™ is 59/100 with 1 warning sign 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 Calculus Global Ventures Tbk (ISX:STAR), the current Cyclically Adjusted PS Ratio is 25.66 as of Jul. 11, 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 Calculus Global Ventures Tbk (ISX:STAR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk stock appears to be overvalued. The current stock price of Rp300.00 is trading 168.5% above its estimated GF Value™ of Rp111.75. GuruFocus considers PT Calculus Global Ventures Tbk to be Significantly Overvalued.

Key valuation signals for ISX:STAR:

  • Cyclically Adjusted PS Ratio: 25.66 (568% above median its 10-year median of 3.84)
  • GF Value™: Rp111.75 vs. price of Rp300.00 (168.5% above fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 236.1% above the Asset Management median (#824 of 904)

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


PT Calculus Global Ventures Tbk Business Description

Address Jalan MH. Thamrin Number 1, Menara BCA Lot 45, Grand Indonesia, Jakarta Pusat, Jakarta, IDN, 10310
PT Calculus Global Ventures Tbk, formerly known as PT Buana Artha Anugerah Tbk, operates in the business area of investment management, particularly in asset management. The company is engaged in the management consulting business. The products of the company consist of mutual funds includes including foster equity fund, foster fixed income, and foster money market and management of securities portfolio. The company segments consist of investment management services and others.
59GF Score

Get the complete analysis for ISX:STAR

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

Rp300.00
Price
Rp111.75
GF Value