PT Gudang Garam Tbk (ISX:GGRM) Cyclically Adjusted Revenue per Share: Rp62,026.68 (As of Jun. 2026)

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ISX:GGRM PT Gudang Garam Tbk ISX:GGRM
76 GF Score
Price Rp19,575.00
GF Value Rp13,504.96
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PT Gudang Garam Tbk Cyclically Adjusted Revenue per Share?

PT Gudang Garam Tbk ISX:GGRM -5.32% 76 Cyclically Adjusted Revenue per Share is Rp62,026.68 as of Jun. 2026. GuruFocus rates ISX:GGRM with a GF Score™ of 76/100 and a GF Value™ of Rp13,504.96 (Significantly Overvalued). The stock has 6 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 Jun. 2026 was Rp10,947.154. 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 Rp62,026.68 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Gudang Garam Tbk's average Cyclically Adjusted Revenue Growth Rate was 2.30% 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 (2026-08-12), PT Gudang Garam Tbk's current stock price is Rp19575.00. PT Gudang Garam Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp62,026.68. PT Gudang Garam Tbk's Cyclically Adjusted PS Ratio of today is 0.32.

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 0.50.


PT Gudang Garam Tbk  (ISX:GGRM) 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
=19575.00/62026.68
=0.32

* 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 0.50.


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 49,503.93 54,967.70 58,450.57 59,821.26 61,346.60

PT Gudang Garam 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 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 60,640.57 60,871.45 61,346.60 61,724.37 62,026.68

ISX:GGRM 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.


ISX:GGRM
76GF Score
PT Gudang Garam Tbk ISX:GGRM
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 Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=10947.154/137.6954*137.6954
=10,947.154

Current CPI (Jun. 2026) = 137.6954.

PT Gudang Garam Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10,004.272 104.142 13,227.487
201612 10,426.901 105.222 13,644.843
201703 10,378.846 106.476 13,421.998
201706 10,537.709 107.722 13,469.865
201709 11,058.652 108.020 14,096.648
201712 11,321.110 109.017 14,299.295
201803 11,424.042 110.097 14,287.811
201806 12,122.186 111.085 15,026.095
201809 12,777.136 111.135 15,830.843
201812 13,418.468 112.430 16,433.896
201903 13,615.079 112.829 16,615.782
201906 13,797.834 114.730 16,559.705
201909 15,059.693 114.905 18,046.714
201912 14,969.579 115.486 17,848.431
202003 14,168.258 116.252 16,781.637
202006 13,717.493 116.630 16,195.138
202009 15,446.497 116.397 18,272.970
202012 16,164.672 117.318 18,972.358
202103 15,460.401 117.840 18,065.425
202106 16,018.535 118.184 18,663.105
202109 16,372.750 118.262 19,063.250
202112 17,052.448 119.516 19,646.254
202203 15,223.167 120.948 17,331.056
202206 16,829.560 123.322 18,791.014
202209 16,759.728 125.298 18,417.932
202212 15,988.475 126.098 17,458.998
202303 15,452.115 126.953 16,759.695
202306 13,575.185 127.663 14,642.003
202309 13,459.620 128.151 14,462.017
202312 19,336.134 129.395 20,576.551
202403 13,650.591 130.607 14,391.446
202406 12,345.405 130.792 12,997.054
202409 12,408.372 130.361 13,106.505
202412 12,869.526 131.432 13,482.875
202503 11,988.190 131.948 12,510.334
202506 11,071.324 133.241 11,441.485
202509 11,919.330 133.819 12,264.603
202512 11,468.530 135.271 11,674.067
202603 10,453.858 136.539 10,542.419
202606 10,947.154 137.695 10,947.154

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 Rp62,026.68 mean?
PT Gudang Garam Tbk (ISX:GGRM) has a Cyclically Adjusted Revenue per Share of Rp62,026.68 as of Jun. 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 Rp62,026.68. Overall, PT Gudang Garam Tbk has a GF Score™ of 76/100 and is considered Significantly 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 Rp62,026.68 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 Rp62,026.68. 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 (ISX:GGRM) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp13,504.96, compared to a current price of Rp19,575.00 — trading 44.9% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp62,026.68. PT Gudang Garam Tbk's overall GF Score™ is 76/100 with 6 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 (ISX:GGRM), the current Cyclically Adjusted Revenue per Share is Rp62,026.68 as of Jun. 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 (ISX:GGRM) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued. The current stock price of Rp19,575.00 is trading 44.9% above its estimated GF Value™ of Rp13,504.96. GuruFocus considers PT Gudang Garam Tbk to be Significantly Overvalued.

Key valuation signals for ISX:GGRM:

  • Cyclically Adjusted Revenue per Share: Rp62,026.68
  • GF Value™: Rp13,504.96 vs. price of Rp19,575.00 (44.9% above fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the ISX:GGRM 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.
76GF Score

Get the complete analysis for ISX:GGRM

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

Rp19,575.00
Price
Rp13,504.96
GF Value