PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) Cyclically Adjusted Revenue per Share: Rp1,042.39 (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:HMSP PT Hanjaya Mandala Sampoerna Tbk ISX:HMSP
86 GF Score
Price Rp685.00
GF Value Rp736.02
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is PT Hanjaya Mandalampoerna Tbk Cyclically Adjusted Revenue per Share?

PT Hanjaya Mandalampoerna Tbk ISX:HMSP +0.74% 86 Cyclically Adjusted Revenue per Share is Rp1,042.39 as of Mar. 2026. GuruFocus rates ISX:HMSP with a GF Score™ of 86/100 and a GF Value™ of Rp736.02 (Fairly Valued). The stock has 5 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 Hanjaya Mandalampoerna Tbk's adjusted revenue per share for the three months ended in Mar. 2026 was Rp233.877. 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 Rp1,042.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Hanjaya Mandalampoerna 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 2.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of PT Hanjaya Mandalampoerna Tbk was 4.10% per year. The lowest was 2.50% per year. And the median was 3.90% per year.

As of today (2026-07-15), PT Hanjaya Mandalampoerna Tbk's current stock price is Rp685.00. PT Hanjaya Mandalampoerna Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp1,042.39. PT Hanjaya Mandalampoerna Tbk's Cyclically Adjusted PS Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PT Hanjaya Mandalampoerna Tbk was 2.08. The lowest was 0.51. And the median was 0.95.


PT Hanjaya Mandalampoerna Tbk  (ISX:HMSP) 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 Hanjaya Mandalampoerna Tbk's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=685.00/1042.39
=0.66

* 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 Hanjaya Mandalampoerna Tbk was 2.08. The lowest was 0.51. And the median was 0.95.


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 Hanjaya Mandalampoerna Tbk Cyclically Adjusted Revenue per Share Related Terms


PT Hanjaya Mandalampoerna Tbk Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna Tbk Cyclically Adjusted Revenue per Share Chart

PT Hanjaya Mandalampoerna 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 901.04 961.25 993.14 1,015.06 1,034.35

PT Hanjaya Mandalampoerna 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 1,019.12 1,023.19 1,026.06 1,034.35 1,042.39

ISX:HMSP vs PM, MO, TPB: Cyclically Adjusted Revenue per Share Comparison

For the Tobacco subindustry, PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna Tbk Cyclically Adjusted PS Ratio vs Tobacco Products Industry

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

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


ISX:HMSP
86GF Score
PT Hanjaya Mandala Sampoerna Tbk ISX:HMSP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna 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)
=233.877/136.5387*136.5387
=233.877

Current CPI (Mar. 2026) = 136.5387.

PT Hanjaya Mandalampoerna Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 218.494 103.212 289.044
201609 197.212 104.142 258.560
201612 216.572 105.222 281.030
201703 194.087 106.476 248.886
201706 206.450 107.722 261.679
201709 220.982 108.020 279.323
201712 230.382 109.017 288.543
201803 198.904 110.097 246.675
201806 223.709 111.085 274.970
201809 243.963 111.135 299.730
201812 251.096 112.430 304.940
201903 204.659 112.829 247.667
201906 231.385 114.730 275.368
201909 230.295 114.905 273.655
201912 245.430 115.486 290.171
202003 203.655 116.252 239.193
202006 180.920 116.630 211.803
202009 198.126 116.397 232.411
202012 211.889 117.318 246.603
202103 202.531 117.840 234.669
202106 206.933 118.184 239.071
202109 213.992 118.262 247.064
202112 226.581 119.516 258.853
202203 224.910 120.948 253.901
202206 235.083 123.322 260.277
202209 256.991 125.298 280.045
202212 239.113 126.098 258.912
202303 231.827 126.953 249.332
202306 250.941 127.663 268.388
202309 267.734 128.151 285.257
202312 246.621 129.395 260.237
202403 250.238 130.607 261.603
202406 246.822 130.792 257.668
202409 263.511 130.361 275.999
202412 252.858 131.432 262.684
202503 247.501 131.948 256.111
202506 226.830 133.241 232.445
202509 245.616 133.819 250.608
202512 244.408 135.271 246.698
202603 233.877 136.539 233.877

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 Rp1,042.39 mean?
PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) has a Cyclically Adjusted Revenue per Share of Rp1,042.39 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 Hanjaya Mandalampoerna Tbk and its competitors.
Is PT Hanjaya Mandalampoerna Tbk's Cyclically Adjusted Revenue per Share too high?
PT Hanjaya Mandalampoerna Tbk's current Cyclically Adjusted Revenue per Share is Rp1,042.39. Overall, PT Hanjaya Mandalampoerna Tbk has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Hanjaya Mandalampoerna Tbk's Cyclically Adjusted Revenue per Share compare to PM and MO?
PT Hanjaya Mandalampoerna Tbk's Cyclically Adjusted Revenue per Share of Rp1,042.39 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 Hanjaya Mandalampoerna Tbk and its competitors. PT Hanjaya Mandalampoerna Tbk's current Cyclically Adjusted Revenue per Share is Rp1,042.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hanjaya Mandalampoerna Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) is currently considered Fairly Valued. The stock's GF Value™ is Rp736.02, compared to a current price of Rp685.00 — trading 6.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp1,042.39. PT Hanjaya Mandalampoerna Tbk's overall GF Score™ is 86/100 with 5 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 Hanjaya Mandalampoerna Tbk (ISX:HMSP), the current Cyclically Adjusted Revenue per Share is Rp1,042.39 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 Hanjaya Mandalampoerna Tbk (ISX:HMSP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hanjaya Mandalampoerna Tbk stock appears to be undervalued. The current stock price of Rp685.00 is trading 6.9% below its estimated GF Value™ of Rp736.02. GuruFocus considers PT Hanjaya Mandalampoerna Tbk to be Fairly Valued.

Key valuation signals for ISX:HMSP:

  • Cyclically Adjusted Revenue per Share: Rp1,042.39
  • GF Value™: Rp736.02 vs. price of Rp685.00 (6.9% below fair value)
  • GF Score™: 86/100 with 5 warning signs

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


PT Hanjaya Mandalampoerna Tbk Business Description

Other Exchanges PHJMF:USAHSZ:Germany
Address Jalan Rungkut Industri Raya No. 18, Surabaya, IDN, 60293
PT Hanjaya Mandala Sampoerna Tbk is an Indonesian tobacco company. The company produces a number of brands of cigarettes and is well known, such as Sampoerna A, Sampoerna Kretek, Malboro, Magnum, Dji Sam Soe, and others. The scope of activities of the company comprises, among others manufacturing, trading, and distributing cigarettes. The company's flagship brand is Dji Sam Soe Kretek.
86GF Score

Get the complete analysis for ISX:HMSP

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

Rp685.00
Price
Rp736.02
GF Value