PT Alkindo Naratama Tbk (ISX:ALDO) Cyclically Adjusted Revenue per Share: Rp637.70 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:ALDO PT Alkindo Naratama Tbk ISX:ALDO
63 GF Score
Price Rp710.00
GF Value Rp594.18
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is PT Alkindo Naratama Tbk Cyclically Adjusted Revenue per Share?

PT Alkindo Naratama Tbk ISX:ALDO +2.90% 63 Cyclically Adjusted Revenue per Share is Rp637.70 as of Mar. 2026. GuruFocus rates ISX:ALDO with a GF Score™ of 63/100 and a GF Value™ of Rp594.18 (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 Alkindo Naratama Tbk's adjusted revenue per share for the three months ended in Mar. 2026 was Rp197.890. 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 Rp637.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Alkindo Naratama Tbk's average Cyclically Adjusted Revenue Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.80% 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 Alkindo Naratama Tbk was 11.40% per year. The lowest was 8.50% per year. And the median was 9.10% per year.

As of today (2026-07-20), PT Alkindo Naratama Tbk's current stock price is Rp710.00. PT Alkindo Naratama Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp637.70. PT Alkindo Naratama Tbk's Cyclically Adjusted PS Ratio of today is 1.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PT Alkindo Naratama Tbk was 1.61. The lowest was 0.49. And the median was 0.83.


PT Alkindo Naratama Tbk  (ISX:ALDO) 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 Alkindo Naratama Tbk's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=710.00/637.70
=1.11

* 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 Alkindo Naratama Tbk was 1.61. The lowest was 0.49. And the median was 0.83.


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 Alkindo Naratama Tbk Cyclically Adjusted Revenue per Share Related Terms


PT Alkindo Naratama Tbk Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PT Alkindo Naratama 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 Alkindo Naratama Tbk Cyclically Adjusted Revenue per Share Chart

PT Alkindo Naratama 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 436.04 488.89 533.38 566.08 623.68

PT Alkindo Naratama 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 577.34 592.23 606.12 623.68 637.70

ISX:ALDO vs SLVM: Cyclically Adjusted Revenue per Share Comparison

For the Paper & Paper Products subindustry, PT Alkindo Naratama 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 Alkindo Naratama Tbk Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ISX:ALDO
63GF Score
PT Alkindo Naratama Tbk ISX:ALDO
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Alkindo Naratama 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 Alkindo Naratama 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)
=197.89/136.5387*136.5387
=197.890

Current CPI (Mar. 2026) = 136.5387.

PT Alkindo Naratama Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 100.291 103.212 132.674
201609 87.638 104.142 114.900
201612 77.070 105.222 100.008
201703 92.004 106.476 117.981
201706 88.311 107.722 111.936
201709 95.021 108.020 120.107
201712 99.442 109.017 124.547
201803 161.020 110.097 199.693
201806 44.897 111.085 55.185
201809 259.987 111.135 319.417
201812 157.204 112.430 190.914
201903 193.576 112.829 234.255
201906 111.795 114.730 133.046
201909 118.800 114.905 141.168
201912 112.862 115.486 133.436
202003 135.760 116.252 159.451
202006 90.795 116.630 106.294
202009 114.748 116.397 134.605
202012 140.879 117.318 163.960
202103 148.547 117.840 172.119
202106 143.507 118.184 165.795
202109 162.529 118.262 187.647
202112 159.341 119.516 182.036
202203 154.666 120.948 174.603
202206 136.641 123.322 151.285
202209 126.563 125.298 137.917
202212 114.427 126.098 123.902
202303 148.204 126.953 159.395
202306 142.705 127.663 152.627
202309 163.671 128.151 174.383
202312 163.944 129.395 172.995
202403 179.156 130.607 187.293
202406 146.368 130.792 152.800
202409 94.069 130.361 98.527
202412 183.310 131.432 190.433
202503 178.561 131.948 184.773
202506 192.265 133.241 197.024
202509 205.429 133.819 209.604
202512 208.441 135.271 210.394
202603 197.890 136.539 197.890

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 Rp637.70 mean?
PT Alkindo Naratama Tbk (ISX:ALDO) has a Cyclically Adjusted Revenue per Share of Rp637.70 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 Alkindo Naratama Tbk and its competitors.
Is PT Alkindo Naratama Tbk's Cyclically Adjusted Revenue per Share too high?
PT Alkindo Naratama Tbk's current Cyclically Adjusted Revenue per Share is Rp637.70. Overall, PT Alkindo Naratama Tbk has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Alkindo Naratama Tbk's Cyclically Adjusted Revenue per Share compare to SLVM?
PT Alkindo Naratama Tbk's Cyclically Adjusted Revenue per Share of Rp637.70 can be compared against companies in the Forest 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 Forest Products company?
A good Cyclically Adjusted Revenue per Share depends on the Forest 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 Alkindo Naratama Tbk and its competitors. PT Alkindo Naratama Tbk's current Cyclically Adjusted Revenue per Share is Rp637.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alkindo Naratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk (ISX:ALDO) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp594.18, compared to a current price of Rp710.00 — trading 19.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp637.70. PT Alkindo Naratama Tbk's overall GF Score™ is 63/100 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 Alkindo Naratama Tbk (ISX:ALDO), the current Cyclically Adjusted Revenue per Share is Rp637.70 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 Alkindo Naratama Tbk (ISX:ALDO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Alkindo Naratama Tbk stock appears to be overvalued. The current stock price of Rp710.00 is trading 19.5% above its estimated GF Value™ of Rp594.18. GuruFocus considers PT Alkindo Naratama Tbk to be Modestly Overvalued.

Key valuation signals for ISX:ALDO:

  • Cyclically Adjusted Revenue per Share: Rp637.70
  • GF Value™: Rp594.18 vs. price of Rp710.00 (19.5% above fair value)
  • GF Score™: 63/100 with 7 warning signs

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


PT Alkindo Naratama Tbk Business Description

Address Jalan Industri Cimareme II No. 14, RT:004/RW:005, Cimerang, Padalarang, Bandung Barat, Bandung, IDN
PT Alkindo Naratama Tbk is an Indonesian business group engaged in providing solutions in the field of integrated paper production and chemicals. It converts waste paper into various paper packaging products such as papercore, paperbox, paperbag, papercup, paperbowl, hexa wrap, etc. Additionally, it offers industrial paper solutions by recycling used cardboard into jumbo rolls of brown paper into products such as Kraft Liner, Eco Board, and Core Board. In the Chemicals business, the Group offers water-based polymers, textile dyes, and other chemicals under brands and trademarks like Alfachem, Alfabond, Alfacoat, and Archroma. The Group's operating business segments are: Paper, which generates the maximum revenue, and Chemicals and others.
63GF Score

Get the complete analysis for ISX:ALDO

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

Rp710.00
Price
Rp594.18
GF Value