TLK (PT Telkom Indonesia (Persero) Tbk) Cyclically Adjusted PS Ratio: 1.59 (As of Aug. 13, 2026) — 44% Below Median

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Director of Data and Quant Analytics at GuruFocus
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TLK PT Telkom Indonesia (Persero) Tbk TLK
69 GF Score
Price $14.69
GF Value $17.44
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio?

PT Telkom Indonesia (Persero) Tbk TLK +0.34% 69 Cyclically Adjusted PS Ratio is 1.59 as of Aug. 13, 2026, which is 44% below its 10-year median of 2.82. GuruFocus rates TLK with a GF Score™ of 69/100 and a GF Value™ of $17.44 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 303 Telecommunication Services companies, PT Telkom Indonesia (Persero) Tbk ranks worse than 58.75% on this metric.

As of today (2026-08-13), PT Telkom Indonesia (Persero) Tbk's current share price is $14.69. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $9.26. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio for today is 1.59.

The historical rank and industry rank for PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

TLK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.82   Max: 4.55
Current: 1.6

During the past years, PT Telkom Indonesia (Persero) Tbk's highest Cyclically Adjusted PS Ratio was 4.55. The lowest was 1.50. And the median was 2.82.

TLK's Cyclically Adjusted PS Ratio is ranked worse than
58.75% of 303 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs TLK: 1.60

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 Telkom Indonesia (Persero) Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was $2.188. 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 $9.26 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Telkom Indonesia (Persero) Tbk  (NYSE:TLK) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Related Terms


PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio Chart

PT Telkom Indonesia (Persero) 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 3.06 2.63 2.65 1.76 2.19

PT Telkom Indonesia (Persero) 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 1.78 1.95 2.19 1.90 1.45

TLK vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio falls into.


TLK
69GF Score
PT Telkom Indonesia (Persero) Tbk TLK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.69/9.26
=1.59

* 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Telkom Indonesia (Persero) 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)
=2.188/137.6954*137.6954
=2.188

Current CPI (Jun. 2026) = 137.6954.

PT Telkom Indonesia (Persero) Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.288 104.142 3.025
201612 2.268 105.222 2.968
201703 2.347 106.476 3.035
201706 2.504 107.722 3.201
201709 2.503 108.020 3.191
201712 2.328 109.017 2.940
201803 2.373 110.097 2.968
201806 2.310 111.085 2.863
201809 2.365 111.135 2.930
201812 2.200 112.430 2.694
201903 2.476 112.829 3.022
201906 2.442 114.730 2.931
201909 2.381 114.905 2.853
201912 2.372 115.486 2.828
202003 2.263 116.252 2.680
202006 2.319 116.630 2.738
202009 2.249 116.397 2.661
202012 2.600 117.318 3.052
202103 2.377 117.840 2.778
202106 2.502 118.184 2.915
202109 2.589 118.262 3.014
202112 2.618 119.516 3.016
202203 2.477 120.948 2.820
202206 2.528 123.322 2.823
202209 2.487 125.298 2.733
202212 2.485 126.098 2.714
202303 2.380 126.953 2.581
202306 2.525 127.663 2.723
202309 2.482 128.151 2.667
202312 2.471 129.395 2.630
202403 2.406 130.607 2.537
202406 2.341 130.792 2.465
202409 2.429 130.361 2.566
202412 2.376 131.432 2.489
202503 2.246 131.948 2.344
202506 2.251 133.241 2.326
202509 2.239 133.819 2.304
202512 2.243 135.271 2.283
202603 2.220 136.539 2.239
202606 2.188 137.695 2.188

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 1.59 mean?
PT Telkom Indonesia (Persero) Tbk (TLK) has a Cyclically Adjusted PS Ratio of 1.59 as of Aug. 13, 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 Telkom Indonesia (Persero) Tbk and its competitors. This is 44% below median its historical median of 2.82. Over the past decade, PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.55. According to the industry distribution chart, PT Telkom Indonesia (Persero) Tbk ranks #178 out of 303 companies in the Telecommunication Services industry, placing it in the top 58.7%.
Is PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio too high?
PT Telkom Indonesia (Persero) Tbk's current Cyclically Adjusted PS Ratio of 1.59 is 44% below median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 4.55. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. PT Telkom Indonesia (Persero) Tbk's value of 1.59 is 35.9% above this industry median. Based on the distribution chart, PT Telkom Indonesia (Persero) Tbk ranks #178 out of 303 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, PT Telkom Indonesia (Persero) Tbk has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, PT Telkom Indonesia (Persero) Tbk ranks #178 out of 303 companies for Cyclically Adjusted PS Ratio. This places PT Telkom Indonesia (Persero) Tbk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. PT Telkom Indonesia (Persero) Tbk's value of 1.59 is 35.9% above this benchmark. Historically, PT Telkom Indonesia (Persero) Tbk's own Cyclically Adjusted PS Ratio has ranged from 1.50 to 4.55 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 1.17, PT Telkom Indonesia (Persero) 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 303 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 Telkom Indonesia (Persero) Tbk's current Cyclically Adjusted PS Ratio of 1.59 is 35.9% 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 Telkom Indonesia (Persero) Tbk and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Telkom Indonesia (Persero) Tbk's current Cyclically Adjusted PS Ratio is 1.59, which is 44% below median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Telkom Indonesia (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Telkom Indonesia (Persero) Tbk (TLK) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.44, compared to a current price of $14.69 — trading 15.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.59, which is 44% below median its 10-year median of 2.82 and 35.9% above the Telecommunication Services industry median of 1.17. PT Telkom Indonesia (Persero) Tbk's overall GF Score™ is 69/100 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 Telkom Indonesia (Persero) Tbk (TLK), the current Cyclically Adjusted PS Ratio is 1.59 as of Aug. 13, 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 Telkom Indonesia (Persero) Tbk (TLK) Overvalued in 2026?

Based on GuruFocus' analysis, PT Telkom Indonesia (Persero) Tbk stock appears to be undervalued. The current stock price of $14.69 is trading 15.8% below its estimated GF Value™ of $17.44. GuruFocus considers PT Telkom Indonesia (Persero) Tbk to be Modestly Undervalued.

Key valuation signals for TLK:

  • Cyclically Adjusted PS Ratio: 1.59 (44% below median its 10-year median of 2.82)
  • GF Value™: $17.44 vs. price of $14.69 (15.8% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 35.9% above the Telecommunication Services median (#178 of 303)

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


PT Telkom Indonesia (Persero) Tbk Business Description

Address Jalan Japati No. 1, West Java, Bandung, IDN, 40133
PT Telkom Indonesia (Persero) Tbk is the integrated telecommunications provider in Indonesia. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services. It derives revenue from product lines: Mobile, Consumer, Enterprise, WIB, and Others. The firm has identified five reportable segments, namely B2C, B2B Infra, B2B ICT, International, and Others. The firm generates the majority of its revenue from the B2C segment.
69GF Score

Get the complete analysis for TLK

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

$14.69
Price
$17.44
GF Value