PT Gudang Garam Tbk (FRA:GGG) Cyclically Adjusted Revenue per Share: €3.11 (As of Mar. 2026)

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FRA:GGG PT Gudang Garam Tbk FRA:GGG
55 GF Score
Price €0.81
GF Value €0.68
Valuation Modestly Overvalued
! 7 Warning Signs
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What is PT Gudang Garam Tbk Cyclically Adjusted Revenue per Share?

PT Gudang Garam Tbk FRA:GGG +1.89% 55 Cyclically Adjusted Revenue per Share is €3.11 as of Mar. 2026. GuruFocus rates FRA:GGG with a GF Score™ of 55/100 and a GF Value™ of €0.68 (Modestly Overvalued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 Gudang Garam Tbk's adjusted revenue per share for the three months ended in Mar. 2026 was €0.534. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €3.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Gudang Garam Tbk's average Cyclically Adjusted Revenue Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of PT Gudang Garam Tbk was 9.40% per year. The lowest was 3.70% per year. And the median was 8.60% per year.

As of today (2026-07-20), PT Gudang Garam Tbk's current stock price is €0.81. PT Gudang Garam Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.11. PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PT Gudang Garam Tbk was 2.40. The lowest was 0.14. And the median was 0.51.


PT Gudang Garam Tbk  (FRA:GGG) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Gudang Garam Tbk's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.81/3.11
=0.26

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PT Gudang Garam Tbk was 2.40. The lowest was 0.14. And the median was 0.51.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


PT Gudang Garam Tbk Cyclically Adjusted Revenue per Share Related Terms


PT Gudang Garam Tbk Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PT Gudang Garam Tbk's Cyclically Adjusted Revenue per Share 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 Gudang Garam Tbk Cyclically Adjusted Revenue per Share Chart

PT Gudang Garam Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.98 3.60 3.16 3.33 3.00

PT Gudang Garam 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 Revenue per Share 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 3.45 2.85 2.98 3.00 3.11

FRA:GGG vs PM, MO, TPB: Cyclically Adjusted Revenue per Share Comparison

For the Tobacco subindustry, PT Gudang Garam 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 Gudang Garam Tbk Cyclically Adjusted PS Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio falls into.


FRA:GGG
55GF Score
PT Gudang Garam Tbk FRA:GGG
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Gudang Garam Tbk Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, PT Gudang Garam 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)
=0.534/136.5387*136.5387
=0.534

Current CPI (Mar. 2026) = 136.5387.

PT Gudang Garam Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.657 103.212 0.869
201609 0.680 104.142 0.892
201612 0.737 105.222 0.956
201703 0.727 106.476 0.932
201706 0.705 107.722 0.894
201709 0.697 108.020 0.881
201712 0.706 109.017 0.884
201803 0.673 110.097 0.835
201806 0.742 111.085 0.912
201809 0.737 111.135 0.905
201812 0.814 112.430 0.989
201903 0.848 112.829 1.026
201906 0.856 114.730 1.019
201909 0.969 114.905 1.151
201912 0.961 115.486 1.136
202003 0.841 116.252 0.988
202006 0.857 116.630 1.003
202009 0.883 116.397 1.036
202012 0.938 117.318 1.092
202103 0.901 117.840 1.044
202106 0.927 118.184 1.071
202109 0.976 118.262 1.127
202112 1.053 119.516 1.203
202203 0.963 120.948 1.087
202206 1.084 123.322 1.200
202209 1.131 125.298 1.232
202212 0.967 126.098 1.047
202303 0.943 126.953 1.014
202306 0.838 127.663 0.896
202309 0.821 128.151 0.875
202312 1.143 129.395 1.206
202403 0.800 130.607 0.836
202406 0.703 130.792 0.734
202409 0.729 130.361 0.764
202412 0.766 131.432 0.796
202503 0.673 131.948 0.696
202506 0.589 133.241 0.604
202509 0.615 133.819 0.627
202512 0.586 135.271 0.591
202603 0.534 136.539 0.534

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €3.11 mean?
PT Gudang Garam Tbk (FRA:GGG) has a Cyclically Adjusted Revenue per Share of €3.11 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Gudang Garam Tbk and its competitors.
Is PT Gudang Garam Tbk's Cyclically Adjusted Revenue per Share too high?
PT Gudang Garam Tbk's current Cyclically Adjusted Revenue per Share is €3.11. Overall, PT Gudang Garam Tbk has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's Cyclically Adjusted Revenue per Share compare to PM and MO?
PT Gudang Garam Tbk's Cyclically Adjusted Revenue per Share of €3.11 can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Tobacco Products company?
A good Cyclically Adjusted Revenue per Share depends on the Tobacco Products industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Gudang Garam Tbk and its competitors. PT Gudang Garam Tbk's current Cyclically Adjusted Revenue per Share is €3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (FRA:GGG) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.68, compared to a current price of €0.81 — trading 19.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €3.11. PT Gudang Garam Tbk's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For PT Gudang Garam Tbk (FRA:GGG), the current Cyclically Adjusted Revenue per Share is €3.11 as of Mar. 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 Gudang Garam Tbk (FRA:GGG) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued. The current stock price of €0.81 is trading 19.1% above its estimated GF Value™ of €0.68. GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.

Key valuation signals for FRA:GGG:

  • Cyclically Adjusted Revenue per Share: €3.11
  • GF Value™: €0.68 vs. price of €0.81 (19.1% above fair value)
  • GF Score™: 55/100 with 7 warning signs

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


PT Gudang Garam Tbk Business Description

Address Jalan Semampir II/1, East Java, Kediri, IDN, 64121
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
55GF Score

Get the complete analysis for FRA:GGG

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

€0.81
Price
€0.68
GF Value