PT Bank QNB Indonesia Tbk (ISX:BKSW) Cyclically Adjusted Revenue per Share: Rp47.60 (As of Mar. 2026)


ISX:BKSW PT Bank QNB Indonesia Tbk ISX:BKSW
50 GF Score
Price Rp51.00
GF Value Rp39.16
Valuation Modestly Overvalued
! 2 Warning Signs
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What is PT Bank QNB Indonesia Tbk Cyclically Adjusted Revenue per Share?

PT Bank QNB Indonesia Tbk ISX:BKSW -1.92% 50 Cyclically Adjusted Revenue per Share is Rp47.60 as of Mar. 2026. GuruFocus rates ISX:BKSW with a GF Score™ of 50/100 and a GF Value™ of Rp39.16 (Modestly Overvalued). The stock has 2 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 Bank QNB Indonesia Tbk's adjusted revenue per share for the three months ended in Mar. 2026 was Rp3.229. 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 Rp47.60 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Bank QNB Indonesia Tbk's average Cyclically Adjusted Revenue Growth Rate was -13.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -8.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -4.00% 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 Bank QNB Indonesia Tbk was 0.40% per year. The lowest was -8.60% per year. And the median was -3.00% per year.

As of today (2026-07-09), PT Bank QNB Indonesia Tbk's current stock price is Rp51.00. PT Bank QNB Indonesia Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp47.60. PT Bank QNB Indonesia Tbk's Cyclically Adjusted PS Ratio of today is 1.07.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PT Bank QNB Indonesia Tbk was 5.39. The lowest was 0.82. And the median was 1.32.


PT Bank QNB Indonesia Tbk  (ISX:BKSW) 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 Bank QNB Indonesia Tbk's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=51.00/47.60
=1.07

* 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 Bank QNB Indonesia Tbk was 5.39. The lowest was 0.82. And the median was 1.32.


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 Bank QNB Indonesia Tbk Cyclically Adjusted Revenue per Share Related Terms


PT Bank QNB Indonesia Tbk Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PT Bank QNB Indonesia 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 Bank QNB Indonesia Tbk Cyclically Adjusted Revenue per Share Chart

PT Bank QNB Indonesia 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 61.69 64.10 62.01 56.32 48.94

PT Bank QNB Indonesia 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 55.12 53.64 52.92 48.94 47.60

PT Bank QNB Indonesia Tbk Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, PT Bank QNB Indonesia 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 Bank QNB Indonesia Tbk Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, PT Bank QNB Indonesia Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank QNB Indonesia Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:BKSW
50GF Score
PT Bank QNB Indonesia Tbk ISX:BKSW
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bank QNB Indonesia 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 Bank QNB Indonesia 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)
=3.229/136.5387*136.5387
=3.229

Current CPI (Mar. 2026) = 136.5387.

PT Bank QNB Indonesia Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 10.612 103.212 14.039
201609 22.728 104.142 29.798
201612 12.919 105.222 16.764
201703 21.323 106.476 27.343
201706 13.824 107.722 17.522
201709 7.715 108.020 9.752
201712 16.562 109.017 20.743
201803 12.900 110.097 15.998
201806 6.820 111.085 8.383
201809 5.262 111.135 6.465
201812 89.566 112.430 108.772
201903 7.630 112.829 9.233
201906 6.822 114.730 8.119
201909 7.273 114.905 8.642
201912 10.311 115.486 12.191
202003 8.826 116.252 10.366
202006 4.329 116.630 5.068
202009 4.187 116.397 4.912
202012 3.500 117.318 4.073
202103 8.138 117.840 9.429
202106 4.897 118.184 5.658
202109 6.847 118.262 7.905
202112 9.948 119.516 11.365
202203 9.811 120.948 11.076
202206 12.914 123.322 14.298
202209 7.247 125.298 7.897
202212 7.343 126.098 7.951
202303 14.332 126.953 15.414
202306 3.672 127.663 3.927
202309 4.358 128.151 4.643
202312 5.969 129.395 6.299
202403 4.125 130.607 4.312
202406 3.631 130.792 3.791
202409 3.534 130.361 3.701
202412 4.187 131.432 4.350
202503 3.430 131.948 3.549
202506 2.761 133.241 2.829
202509 3.242 133.819 3.308
202512 2.871 135.271 2.898
202603 3.229 136.539 3.229

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 Rp47.60 mean?
PT Bank QNB Indonesia Tbk (ISX:BKSW) has a Cyclically Adjusted Revenue per Share of Rp47.60 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 Bank QNB Indonesia Tbk and its competitors.
Is PT Bank QNB Indonesia Tbk's Cyclically Adjusted Revenue per Share too high?
PT Bank QNB Indonesia Tbk's current Cyclically Adjusted Revenue per Share is Rp47.60. Overall, PT Bank QNB Indonesia Tbk has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank QNB Indonesia Tbk's Cyclically Adjusted Revenue per Share compare to competitors?
PT Bank QNB Indonesia Tbk's Cyclically Adjusted Revenue per Share of Rp47.60 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks 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 Bank QNB Indonesia Tbk and its competitors. PT Bank QNB Indonesia Tbk's current Cyclically Adjusted Revenue per Share is Rp47.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank QNB Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank QNB Indonesia Tbk (ISX:BKSW) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp39.16, compared to a current price of Rp51.00 — trading 30.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp47.60. PT Bank QNB Indonesia Tbk's overall GF Score™ is 50/100 with 2 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 Bank QNB Indonesia Tbk (ISX:BKSW), the current Cyclically Adjusted Revenue per Share is Rp47.60 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 Bank QNB Indonesia Tbk (ISX:BKSW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank QNB Indonesia Tbk stock appears to be overvalued. The current stock price of Rp51.00 is trading 30.2% above its estimated GF Value™ of Rp39.16. GuruFocus considers PT Bank QNB Indonesia Tbk to be Modestly Overvalued.

Key valuation signals for ISX:BKSW:

  • Cyclically Adjusted Revenue per Share: Rp47.60
  • GF Value™: Rp39.16 vs. price of Rp51.00 (30.2% above fair value)
  • GF Score™: 50/100 with 2 warning signs

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


PT Bank QNB Indonesia Tbk Business Description

Address Jalan Jendral Sudirman Kavling 52-53, Revenue Tower, 8th Floor, District 8, SCBD Lot 13, Jakarta, IDN, 12190
PT Bank QNB Indonesia Tbk is a financial institution engaged in providing personal banking and wholesale banking services, including savings accounts, deposits, demand deposits, term deposits, current accounts, and cash management. It also offers loans and advances, overdrafts, credit facilities, borrowings, and other credit facilities. In addition, it offers services of debit and credit cards, safe deposit boxes, export-import services, fund transfer, and related services. The group operates its business in the lines of Credit, Treasury, and Trade Finance. The majority of the company's revenue comprises interest and dividend income, fees, and commission received from domestic business. The company has divided its operations into several regions: Jakarta, Sumatra, Java, & the East Region.
50GF Score

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

Rp51.00
Price
Rp39.16
GF Value