PTrana Menara Nusantara Tbk (ISX:TOWR) Cyclically Adjusted PS Ratio: 2.12 (As of Aug. 20, 2026) — 67% Below Median

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ISX:TOWR PT Sarana Menara Nusantara Tbk ISX:TOWR
89 GF Score
Price Rp428.00
GF Value Rp602.33
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PTrana Menara Nusantara Tbk Cyclically Adjusted PS Ratio?

PTrana Menara Nusantara Tbk ISX:TOWR +1.42% 89 Cyclically Adjusted PS Ratio is 2.12 as of Aug. 20, 2026, which is 67% below its 10-year median of 6.41. GuruFocus rates ISX:TOWR with a GF Score™ of 89/100 and a GF Value™ of Rp602.33 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,368 Real Estate companies, PTrana Menara Nusantara Tbk ranks worse than 52.27% on this metric.

As of today (2026-08-20), PTrana Menara Nusantara Tbk's current share price is Rp428.00. PTrana Menara Nusantara Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp202.35. PTrana Menara Nusantara Tbk's Cyclically Adjusted PS Ratio for today is 2.12.

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

ISX:TOWR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.67   Med: 6.41   Max: 13.29
Current: 1.93

During the past years, PTrana Menara Nusantara Tbk's highest Cyclically Adjusted PS Ratio was 13.29. The lowest was 1.67. And the median was 6.41.

ISX:TOWR's Cyclically Adjusted PS Ratio is ranked worse than
52.27% of 1368 companies
in the Real Estate industry
Industry Median: 1.76 vs ISX:TOWR: 1.93

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.

PTrana Menara Nusantara Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp62.821. 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 Rp202.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PTrana Menara Nusantara Tbk  (ISX:TOWR) 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.


PTrana Menara Nusantara Tbk Cyclically Adjusted PS Ratio Related Terms


PTrana Menara Nusantara Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PTrana Menara Nusantara 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.

PTrana Menara Nusantara Tbk Cyclically Adjusted PS Ratio Chart

PTrana Menara Nusantara 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 9.75 7.92 6.29 3.76 3.03

PTrana Menara Nusantara 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 2.69 3.12 3.03 2.47 1.80

ISX:TOWR vs CBRE, BEKE, JLL: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, PTrana Menara Nusantara 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.


PTrana Menara Nusantara Tbk Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PTrana Menara Nusantara Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PTrana Menara Nusantara Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:TOWR
89GF Score
PT Sarana Menara Nusantara Tbk ISX:TOWR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PTrana Menara Nusantara 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.

PTrana Menara Nusantara Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=428.00/202.35
=2.12

* 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.

PTrana Menara Nusantara Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PTrana Menara Nusantara 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)
=62.821/137.6954*137.6954
=62.821

Current CPI (Jun. 2026) = 137.6954.

PTrana Menara Nusantara Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 25.653 104.142 33.918
201612 25.900 105.222 33.893
201703 25.744 106.476 33.292
201706 26.069 107.722 33.323
201709 26.162 108.020 33.349
201712 26.660 109.017 33.673
201803 26.697 110.097 33.389
201806 28.282 111.085 35.057
201809 30.206 111.135 37.425
201812 29.941 112.430 36.669
201903 29.083 112.829 35.493
201906 30.457 114.730 36.553
201909 31.842 114.905 38.158
201912 35.844 115.486 42.737
202003 36.249 116.252 42.935
202006 37.153 116.630 43.864
202009 37.284 116.397 44.106
202012 37.784 117.318 44.347
202103 39.221 117.840 45.830
202106 40.456 118.184 47.135
202109 42.073 118.262 48.987
202112 51.573 119.516 59.418
202203 52.598 120.948 59.881
202206 54.158 123.322 60.470
202209 56.041 125.298 61.586
202212 58.807 126.098 64.216
202303 57.525 126.953 62.393
202306 58.467 127.663 63.062
202309 59.100 128.151 63.501
202312 60.663 129.395 64.555
202403 61.177 130.607 64.497
202406 62.397 130.792 65.691
202409 66.027 130.361 69.742
202412 65.954 131.432 69.097
202503 64.428 131.948 67.234
202506 63.973 133.241 66.112
202509 58.244 133.819 59.931
202512 62.479 135.271 63.599
202603 61.019 136.539 61.536
202606 62.821 137.695 62.821

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 2.12 mean?
PTrana Menara Nusantara Tbk (ISX:TOWR) has a Cyclically Adjusted PS Ratio of 2.12 as of Aug. 20, 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 PTrana Menara Nusantara Tbk and its competitors. This is 67% below median its historical median of 6.41. Over the past decade, PTrana Menara Nusantara Tbk's Cyclically Adjusted PS Ratio has ranged from 1.67 to 13.29. According to the industry distribution chart, PTrana Menara Nusantara Tbk ranks #715 out of 1368 companies in the Real Estate industry, placing it in the top 52.3%.
Is PTrana Menara Nusantara Tbk's Cyclically Adjusted PS Ratio too high?
PTrana Menara Nusantara Tbk's current Cyclically Adjusted PS Ratio of 2.12 is 67% below median its 10-year median of 6.41. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 13.29. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.76. PTrana Menara Nusantara Tbk's value of 2.12 is 20.5% above this industry median. Based on the distribution chart, PTrana Menara Nusantara Tbk ranks #715 out of 1368 companies in the Real Estate industry, which is below the industry midpoint. Overall, PTrana Menara Nusantara Tbk has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PTrana Menara Nusantara Tbk's Cyclically Adjusted PS Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PTrana Menara Nusantara Tbk ranks #715 out of 1368 companies for Cyclically Adjusted PS Ratio. This places PTrana Menara Nusantara Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.76. PTrana Menara Nusantara Tbk's value of 2.12 is 20.5% above this benchmark. Historically, PTrana Menara Nusantara Tbk's own Cyclically Adjusted PS Ratio has ranged from 1.67 to 13.29 over the past decade. While the company's 10-year median is 6.41 vs. the industry median of 1.76, PTrana Menara Nusantara 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 a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.76, based on 1,368 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. PTrana Menara Nusantara Tbk's current Cyclically Adjusted PS Ratio of 2.12 is 20.5% 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 PTrana Menara Nusantara Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTrana Menara Nusantara Tbk's current Cyclically Adjusted PS Ratio is 2.12, which is 67% below median its own 10-year median of 6.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTrana Menara Nusantara Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTrana Menara Nusantara Tbk (ISX:TOWR) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp602.33, compared to a current price of Rp428.00 — trading 28.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.12, which is 67% below median its 10-year median of 6.41 and 20.5% above the Real Estate industry median of 1.76. PTrana Menara Nusantara Tbk's overall GF Score™ is 89/100 with 5 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 PTrana Menara Nusantara Tbk (ISX:TOWR), the current Cyclically Adjusted PS Ratio is 2.12 as of Aug. 20, 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 PTrana Menara Nusantara Tbk (ISX:TOWR) Overvalued in 2026?

Based on GuruFocus' analysis, PTrana Menara Nusantara Tbk stock appears to be undervalued. The current stock price of Rp428.00 is trading 28.9% below its estimated GF Value™ of Rp602.33. GuruFocus considers PTrana Menara Nusantara Tbk to be Modestly Undervalued.

Key valuation signals for ISX:TOWR:

  • Cyclically Adjusted PS Ratio: 2.12 (67% below median its 10-year median of 6.41)
  • GF Value™: Rp602.33 vs. price of Rp428.00 (28.9% below fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 20.5% above the Real Estate median (#715 of 1368)

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


PTrana Menara Nusantara Tbk Business Description

Other Exchanges SMNUF:USA
Address Jalan Jenderal Ahmad Yani No. 19A, Kudus, IDN
PT Sarana Menara Nusantara Tbk is an investment company. The company's main business focus is to invest in companies engaged in operating telecommunication tower locations for lease to wireless communication companies. The business segments of the company include Tower lease and Non-Tower (VSAT service, and Wireline). The majority of the company's revenue is generated from the Tower Lease segment.
89GF Score

Get the complete analysis for ISX:TOWR

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

Rp428.00
Price
Rp602.33
GF Value