PIKQF (PT Indah Kiat Pulp & Paper Tbk) Cyclically Adjusted PS Ratio: 1.00 (As of Jul. 06, 2026) — Near Median


PIKQF PT Indah Kiat Pulp & Paper Tbk PIKQF
96 GF Score
Price $0.53
GF Value $0.69
! 4 Warning Signs
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What is PT Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio?

PT Indah Kiat Pulp & Paper Tbk PIKQF 96 Cyclically Adjusted PS Ratio is 1.00 as of Jul. 06, 2026, which is 6% above its 10-year median of 0.94. GuruFocus rates PIKQF with a GF Score™ of 96/100 and a GF Value™ of $0.69. The stock has 4 warning signs investors should review. Among 247 Forest Products companies, PT Indah Kiat Pulp & Paper Tbk ranks worse than 62.75% on this metric.

As of today (2026-07-06), PT Indah Kiat Pulp & Paper Tbk's current share price is $0.5305. PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.53. PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio for today is 1.00.

The historical rank and industry rank for PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

PIKQF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.94   Max: 1.86
Current: 0.7

During the past years, PT Indah Kiat Pulp & Paper Tbk's highest Cyclically Adjusted PS Ratio was 1.86. The lowest was 0.47. And the median was 0.94.

PIKQF's Cyclically Adjusted PS Ratio is ranked worse than
62.75% of 247 companies
in the Forest Products industry
Industry Median: 0.45 vs PIKQF: 0.70

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 Indah Kiat Pulp & Paper Tbk's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.149. 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 $0.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indah Kiat Pulp & Paper Tbk  (OTCPK:PIKQF) 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 Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio Related Terms


PT Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk Cyclically Adjusted PS Ratio Chart

PT Indah Kiat Pulp & Paper 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 0.97 0.98 0.89 0.70 0.85

PT Indah Kiat Pulp & Paper 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 0.51 0.58 0.74 0.85 1.00

PIKQF vs SLVM: Cyclically Adjusted PS Ratio Comparison

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

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

* The bar in red indicates where PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio falls into.


PIKQF
96GF Score
PT Indah Kiat Pulp & Paper Tbk PIKQF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.5305/0.53
=1.00

* 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 Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Indah Kiat Pulp & Paper 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)
=0.149/136.5387*136.5387
=0.149

Current CPI (Mar. 2026) = 136.5387.

PT Indah Kiat Pulp & Paper Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.129 103.212 0.171
201609 0.118 104.142 0.155
201612 0.127 105.222 0.165
201703 0.136 106.476 0.174
201706 0.130 107.722 0.165
201709 0.147 108.020 0.186
201712 0.158 109.017 0.198
201803 0.154 110.097 0.191
201806 0.149 111.085 0.183
201809 0.155 111.135 0.190
201812 0.151 112.430 0.183
201903 0.142 112.829 0.172
201906 0.146 114.730 0.174
201909 0.163 114.905 0.194
201912 0.138 115.486 0.163
202003 0.143 116.252 0.168
202006 0.129 116.630 0.151
202009 0.129 116.397 0.151
202012 0.145 117.318 0.169
202103 0.146 117.840 0.169
202106 0.151 118.184 0.174
202109 0.161 118.262 0.186
202112 0.185 119.516 0.211
202203 0.182 120.948 0.205
202206 0.173 123.322 0.192
202209 0.193 125.298 0.210
202212 0.184 126.098 0.199
202303 0.193 126.953 0.208
202306 0.160 127.663 0.171
202309 0.138 128.151 0.147
202312 0.145 129.395 0.153
202403 0.147 130.607 0.154
202406 0.146 130.792 0.152
202409 0.149 130.361 0.156
202412 0.142 131.432 0.148
202503 0.143 131.948 0.148
202506 0.143 133.241 0.147
202509 0.146 133.819 0.149
202512 0.148 135.271 0.149
202603 0.149 136.539 0.149

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 1.00 mean?
PT Indah Kiat Pulp & Paper Tbk (PIKQF) has a Cyclically Adjusted PS Ratio of 1.00 as of Jul. 06, 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 Indah Kiat Pulp & Paper Tbk and its competitors. This is near median its historical median of 0.94. Over the past decade, PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.86. According to the industry distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #155 out of 247 companies in the Forest Products industry, placing it in the top 62.8%.
Is PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio too high?
PT Indah Kiat Pulp & Paper Tbk's current Cyclically Adjusted PS Ratio of 1.00 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.86. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.45. PT Indah Kiat Pulp & Paper Tbk's value of 1.00 is 122.2% above this industry median. Based on the distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #155 out of 247 companies in the Forest Products industry, which is below the industry midpoint. Overall, PT Indah Kiat Pulp & Paper Tbk has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does PT Indah Kiat Pulp & Paper Tbk's Cyclically Adjusted PS Ratio compare to SLVM?
According to the Forest Products industry distribution chart, PT Indah Kiat Pulp & Paper Tbk ranks #155 out of 247 companies for Cyclically Adjusted PS Ratio. This places PT Indah Kiat Pulp & Paper Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. PT Indah Kiat Pulp & Paper Tbk's value of 1.00 is 122.2% above this benchmark. Historically, PT Indah Kiat Pulp & Paper Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.47 to 1.86 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.45, PT Indah Kiat Pulp & Paper 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 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 Indah Kiat Pulp & Paper Tbk's current Cyclically Adjusted PS Ratio of 1.00 is 122.2% 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 Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk's current Cyclically Adjusted PS Ratio is 1.00, which is near median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indah Kiat Pulp & Paper Tbk stock overvalued right now?
PT Indah Kiat Pulp & Paper Tbk (PIKQF) has a current Cyclically Adjusted PS Ratio of 1.00. The stock's GF Value™ is $0.69, compared to a current price of $0.53 — trading 23.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.00, which is near median its 10-year median of 0.94 and 122.2% above the Forest Products industry median of 0.45. PT Indah Kiat Pulp & Paper Tbk's overall GF Score™ is 96/100 with 4 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 Indah Kiat Pulp & Paper Tbk (PIKQF), the current Cyclically Adjusted PS Ratio is 1.00 as of Jul. 06, 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 Indah Kiat Pulp & Paper Tbk (PIKQF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indah Kiat Pulp & Paper Tbk stock appears to be undervalued. The current stock price of $0.53 is trading 23.1% below its estimated GF Value™ of $0.69.

Key valuation signals for PIKQF:

  • Cyclically Adjusted PS Ratio: 1.00 (near median its 10-year median of 0.94)
  • GF Value™: $0.69 vs. price of $0.53 (23.1% below fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 122.2% above the Forest Products median (#155 of 247)

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


PT Indah Kiat Pulp & Paper Tbk Business Description

Other Exchanges INKP:IndonesiaIKP:Germany
Address Jalan M.H. Thamrin No. 51, Tower 2, 9th Floor, Building Sinar Mas Land Plaza, Jakarta, IDN, 10350
PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp, and packaging paper. The company's operating segments are: cultural paper and pulp, which derives maximum revenue; and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper and tissue products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, the company generates maximum revenue from Indonesia, and the rest from Asia, Europe, America, the Middle East, Africa, and Australia.
96GF Score

Get the complete analysis for PIKQF

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

$0.53
Price
$0.69
GF Value