PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Cyclically Adjusted Revenue per Share: Rp288.55 (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:GMTD PT Gowa Makassar Tourism Development Tbk ISX:GMTD
73 GF Score
Price Rp1,255.00
GF Value Rp1,904.39
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted Revenue per Share?

PT Gowa Makassar Tourism Development Tbk ISX:GMTD +0.80% 73 Cyclically Adjusted Revenue per Share is Rp288.55 as of Mar. 2026. GuruFocus rates ISX:GMTD with a GF Score™ of 73/100 and a GF Value™ of Rp1,904.39 (Significantly Undervalued). The stock has 4 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 Gowa Makassar Tourism Development Tbk's adjusted revenue per share for the three months ended in Mar. 2026 was Rp21.931. 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 Rp288.55 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Gowa Makassar Tourism Development Tbk's average Cyclically Adjusted Revenue Growth Rate was -1.40% 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.

As of today (2026-07-23), PT Gowa Makassar Tourism Development Tbk's current stock price is Rp1255.00. PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp288.55. PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio of today is 4.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PT Gowa Makassar Tourism Development Tbk was 21.95. The lowest was 4.44. And the median was 9.14.


PT Gowa Makassar Tourism Development Tbk  (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1255.00/288.55
=4.35

* 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 Gowa Makassar Tourism Development Tbk was 21.95. The lowest was 4.44. And the median was 9.14.


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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted Revenue per Share Related Terms


PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted Revenue per Share Chart

PT Gowa Makassar Tourism Development 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 0.00 0.00 0.00 297.05 294.15

PT Gowa Makassar Tourism Development 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 292.73 291.64 294.09 294.15 288.55

PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted Revenue per Share Competitor Comparison

For the Real Estate - Development subindustry, PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:GMTD
73GF Score
PT Gowa Makassar Tourism Development Tbk ISX:GMTD
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development 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)
=21.931/136.5387*136.5387
=21.931

Current CPI (Mar. 2026) = 136.5387.

PT Gowa Makassar Tourism Development Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 81.486 103.212 107.797
201609 58.237 104.142 76.353
201612 53.007 105.222 68.783
201703 59.265 106.476 75.998
201706 56.708 107.722 71.878
201709 56.272 108.020 71.128
201712 51.809 109.017 64.888
201803 38.747 110.097 48.053
201806 80.485 111.085 98.927
201809 61.462 111.135 75.512
201812 60.632 112.430 73.634
201903 44.863 112.829 54.291
201906 47.879 114.730 56.980
201909 47.035 114.905 55.891
201912 62.625 115.486 74.041
202003 39.203 116.252 46.044
202006 32.102 116.630 37.582
202009 58.887 116.397 69.077
202012 34.854 117.318 40.564
202103 25.977 117.840 30.099
202106 41.012 118.184 47.381
202109 38.803 118.262 44.800
202112 30.913 119.516 35.316
202203 31.301 120.948 35.336
202206 54.210 123.322 60.020
202209 52.336 125.298 57.031
202212 172.748 126.098 187.052
202303 95.001 126.953 102.175
202306 44.735 127.663 47.845
202309 118.849 128.151 126.627
202312 114.774 129.395 121.111
202403 211.977 130.607 221.604
202406 47.916 130.792 50.021
202409 55.649 130.361 58.286
202412 78.031 131.432 81.063
202503 64.327 131.948 66.565
202506 69.938 133.241 71.669
202509 81.870 133.819 83.534
202512 68.023 135.271 68.660
202603 21.931 136.539 21.931

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 Rp288.55 mean?
PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) has a Cyclically Adjusted Revenue per Share of Rp288.55 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 Gowa Makassar Tourism Development Tbk and its competitors.
Is PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted Revenue per Share too high?
PT Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted Revenue per Share is Rp288.55. Overall, PT Gowa Makassar Tourism Development Tbk has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted Revenue per Share compare to competitors?
PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted Revenue per Share of Rp288.55 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Revenue per Share depends on the Real Estate 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 Gowa Makassar Tourism Development Tbk and its competitors. PT Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted Revenue per Share is Rp288.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gowa Makassar Tourism Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp1,904.39, compared to a current price of Rp1,255.00 — trading 34.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp288.55. PT Gowa Makassar Tourism Development Tbk's overall GF Score™ is 73/100 with 4 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD), the current Cyclically Adjusted Revenue per Share is Rp288.55 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk stock appears to be undervalued. The current stock price of Rp1,255.00 is trading 34.1% below its estimated GF Value™ of Rp1,904.39. GuruFocus considers PT Gowa Makassar Tourism Development Tbk to be Significantly Undervalued.

Key valuation signals for ISX:GMTD:

  • Cyclically Adjusted Revenue per Share: Rp288.55
  • GF Value™: Rp1,904.39 vs. price of Rp1,255.00 (34.1% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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


PT Gowa Makassar Tourism Development Tbk Business Description

Address Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134
PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments: the Core segment, which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. The company is based in Indonesia, and the majority of its revenues are derived from the real estate business.
73GF Score

Get the complete analysis for ISX:GMTD

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

Rp1,255.00
Price
Rp1,904.39
GF Value