PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) Cyclically Adjusted PS Ratio: 1.90 (As of Jul. 27, 2026) — 35% Below Median

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ISX:ULTJ PT Ultrajaya Milk Industry & Trading Co Tbk ISX:ULTJ
91 GF Score
Price Rp1,370.00
GF Value Rp1,893.75
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is PT Ultrajaya Milk Industry & Trading Co Tbk Cyclically Adjusted PS Ratio?

PT Ultrajaya Milk Industry & Trading Co Tbk ISX:ULTJ -4.20% 91 Cyclically Adjusted PS Ratio is 1.90 as of Jul. 27, 2026, which is 35% below its 10-year median of 2.91. GuruFocus rates ISX:ULTJ with a GF Score™ of 91/100 and a GF Value™ of Rp1,893.75 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 84 Beverages - Non-Alcoholic companies, PT Ultrajaya Milk Industry & Trading Co Tbk ranks worse than 57.14% on this metric.

As of today (2026-07-27), PT Ultrajaya Milk Industry & Trading Co Tbk's current share price is Rp1370.00. PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp720.31. PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio for today is 1.90.

The historical rank and industry rank for PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

ISX:ULTJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.79   Med: 2.91   Max: 4.03
Current: 1.9

During the past years, PT Ultrajaya Milk Industry & Trading Co Tbk's highest Cyclically Adjusted PS Ratio was 4.03. The lowest was 1.79. And the median was 2.91.

ISX:ULTJ's Cyclically Adjusted PS Ratio is ranked worse than
57.14% of 84 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.495 vs ISX:ULTJ: 1.90

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 Ultrajaya Milk Industry & Trading Co Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was Rp267.647. 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 Rp720.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Ultrajaya Milk Industry & Trading Co Tbk  (ISX:ULTJ) 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 Ultrajaya Milk Industry & Trading Co Tbk Cyclically Adjusted PS Ratio Related Terms


PT Ultrajaya Milk Industry & Trading Co Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co Tbk Cyclically Adjusted PS Ratio Chart

PT Ultrajaya Milk Industry & Trading Co 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 3.25 2.70 2.67 2.79 2.06

PT Ultrajaya Milk Industry & Trading Co 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 2.25 2.02 1.90 2.06 2.11

ISX:ULTJ vs KO, PEP, MNST: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co Tbk Cyclically Adjusted PS Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:ULTJ
91GF Score
PT Ultrajaya Milk Industry & Trading Co Tbk ISX:ULTJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1370.00/720.31
=1.90

* 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 Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Ultrajaya Milk Industry & Trading Co 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)
=267.647/136.5387*136.5387
=267.647

Current CPI (Mar. 2026) = 136.5387.

PT Ultrajaya Milk Industry & Trading Co Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 103.899 103.212 137.447
201609 100.033 104.142 131.151
201612 106.666 105.222 138.413
201703 102.251 106.476 131.121
201706 98.360 107.722 124.673
201709 108.901 108.020 137.652
201712 112.814 109.017 141.294
201803 112.787 110.097 139.875
201806 114.374 111.085 140.582
201809 122.875 111.135 150.963
201812 123.643 112.430 150.156
201903 123.627 112.829 149.606
201906 133.686 114.730 159.098
201909 139.548 114.905 165.822
201912 141.768 115.486 167.612
202003 139.663 116.252 164.035
202006 120.815 116.630 141.438
202009 124.136 116.397 145.617
202012 146.537 117.318 170.545
202103 146.285 117.840 169.498
202106 148.040 118.184 171.032
202109 166.533 118.262 192.270
202112 175.469 119.516 200.461
202203 176.653 120.948 199.424
202206 178.304 123.322 197.413
202209 191.113 125.298 208.257
202212 190.237 126.098 205.989
202303 214.864 126.953 231.088
202306 183.254 127.663 195.995
202309 190.286 128.151 202.740
202312 210.075 129.395 221.673
202403 220.987 130.607 231.023
202406 206.476 130.792 215.549
202409 205.621 130.361 215.365
202412 220.355 131.432 228.918
202503 219.669 131.948 227.311
202506 172.870 133.241 177.149
202509 207.343 133.819 211.557
202512 243.328 135.271 245.608
202603 267.647 136.539 267.647

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 1.90 mean?
PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) has a Cyclically Adjusted PS Ratio of 1.90 as of Jul. 27, 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 Ultrajaya Milk Industry & Trading Co Tbk and its competitors. This is 35% below median its historical median of 2.91. Over the past decade, PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio has ranged from 1.79 to 4.03. According to the industry distribution chart, PT Ultrajaya Milk Industry & Trading Co Tbk ranks #48 out of 84 companies in the Beverages - Non-Alcoholic industry, placing it in the top 57.1%.
Is PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio too high?
PT Ultrajaya Milk Industry & Trading Co Tbk's current Cyclically Adjusted PS Ratio of 1.90 is 35% below median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 4.03. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PS Ratio is 1.50. PT Ultrajaya Milk Industry & Trading Co Tbk's value of 1.90 is 27.1% above this industry median. Based on the distribution chart, PT Ultrajaya Milk Industry & Trading Co Tbk ranks #48 out of 84 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, PT Ultrajaya Milk Industry & Trading Co Tbk has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Ultrajaya Milk Industry & Trading Co Tbk's Cyclically Adjusted PS Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, PT Ultrajaya Milk Industry & Trading Co Tbk ranks #48 out of 84 companies for Cyclically Adjusted PS Ratio. This places PT Ultrajaya Milk Industry & Trading Co Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.50. PT Ultrajaya Milk Industry & Trading Co Tbk's value of 1.90 is 27.1% above this benchmark. Historically, PT Ultrajaya Milk Industry & Trading Co Tbk's own Cyclically Adjusted PS Ratio has ranged from 1.79 to 4.03 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 1.50, PT Ultrajaya Milk Industry & Trading Co 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 Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Non-Alcoholic companies is 1.50, based on 84 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 Ultrajaya Milk Industry & Trading Co Tbk's current Cyclically Adjusted PS Ratio of 1.90 is 27.1% 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 Ultrajaya Milk Industry & Trading Co Tbk and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ultrajaya Milk Industry & Trading Co Tbk's current Cyclically Adjusted PS Ratio is 1.90, which is 35% below median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ultrajaya Milk Industry & Trading Co Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,893.75, compared to a current price of Rp1,370.00 — trading 27.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.90, which is 35% below median its 10-year median of 2.91 and 27.1% above the Beverages - Non-Alcoholic industry median of 1.50. PT Ultrajaya Milk Industry & Trading Co Tbk's overall GF Score™ is 91/100 with 3 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 Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ), the current Cyclically Adjusted PS Ratio is 1.90 as of Jul. 27, 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 Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) Overvalued in 2026?

Based on GuruFocus' analysis, PT Ultrajaya Milk Industry & Trading Co Tbk stock appears to be undervalued. The current stock price of Rp1,370.00 is trading 27.7% below its estimated GF Value™ of Rp1,893.75. GuruFocus considers PT Ultrajaya Milk Industry & Trading Co Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ULTJ:

  • Cyclically Adjusted PS Ratio: 1.90 (35% below median its 10-year median of 2.91)
  • GF Value™: Rp1,893.75 vs. price of Rp1,370.00 (27.7% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 27.1% above the Beverages - Non-Alcoholic median (#48 of 84)

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


PT Ultrajaya Milk Industry & Trading Co Tbk Business Description

Address Jalan Raya Cimareme 131, Padalarang, Kabupaten Bandung Barat, West Java, Bandung, IDN, 40552
PT Ultrajaya Milk Industry & Trading Co Tbk is in the business of producing dairy products, beverages, and healthy drink products with ultra-high temperature technology and aseptic packaging. Its products are Freshmilk, Tea drink, Health drinks, Sweetened condensed creamer, and others. The company operates in two operating segments: Beverages and Food. It derives the majority of its revenues from the Beverages segment.
91GF Score

Get the complete analysis for ISX:ULTJ

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

Rp1,370.00
Price
Rp1,893.75
GF Value