PT Merdeka Copper Gold Tbk (ISX:MDKA) Cyclically Adjusted Revenue per Share: Rp683.33 (As of Mar. 2026)

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ISX:MDKA PT Merdeka Copper Gold Tbk ISX:MDKA
93 GF Score
Price Rp2,650.00
GF Value Rp3,367.98
Valuation Modestly Undervalued
! 6 Warning Signs
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What is PT Merdeka Copper Gold Tbk Cyclically Adjusted Revenue per Share?

PT Merdeka Copper Gold Tbk ISX:MDKA -4.68% 93 Cyclically Adjusted Revenue per Share is Rp683.33 as of Mar. 2026. GuruFocus rates ISX:MDKA with a GF Score™ of 93/100 and a GF Value™ of Rp3,367.98 (Modestly Undervalued). 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 Merdeka Copper Gold Tbk's adjusted revenue per share for the three months ended in Mar. 2026 was Rp430.068. 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 Rp683.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Merdeka Copper Gold Tbk's average Cyclically Adjusted Revenue Growth Rate was 18.00% 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.

As of today (2026-07-24), PT Merdeka Copper Gold Tbk's current stock price is Rp2650.00. PT Merdeka Copper Gold Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp683.33. PT Merdeka Copper Gold Tbk's Cyclically Adjusted PS Ratio of today is 3.88.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of PT Merdeka Copper Gold Tbk was 5.79. The lowest was 2.25. And the median was 3.94.


PT Merdeka Copper Gold Tbk  (ISX:MDKA) 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 Merdeka Copper Gold Tbk's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2650.00/683.33
=3.88

* 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 12 years, the highest Cyclically Adjusted PS Ratio of PT Merdeka Copper Gold Tbk was 5.79. The lowest was 2.25. And the median was 3.94.


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 Merdeka Copper Gold Tbk Cyclically Adjusted Revenue per Share Related Terms


PT Merdeka Copper Gold Tbk Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PT Merdeka Copper Gold 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 Merdeka Copper Gold Tbk Cyclically Adjusted Revenue per Share Chart

PT Merdeka Copper Gold 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 0.00 551.84 647.64

PT Merdeka Copper Gold 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 579.04 591.65 611.14 647.64 683.33

PT Merdeka Copper Gold Tbk Cyclically Adjusted Revenue per Share Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PT Merdeka Copper Gold 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 Merdeka Copper Gold Tbk Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Merdeka Copper Gold Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Merdeka Copper Gold Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:MDKA
93GF Score
PT Merdeka Copper Gold Tbk ISX:MDKA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Merdeka Copper Gold 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 Merdeka Copper Gold 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)
=430.068/136.5387*136.5387
=430.068

Current CPI (Mar. 2026) = 136.5387.

PT Merdeka Copper Gold Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.000 103.212 0.000
201609 0.000 104.142 0.000
201612 0.000 105.222 0.000
201703 0.000 106.476 0.000
201706 6.188 107.722 7.843
201709 34.963 108.020 44.194
201712 50.054 109.017 62.690
201803 54.061 110.097 67.045
201806 30.298 111.085 37.240
201809 58.195 111.135 71.498
201812 56.598 112.430 68.735
201903 61.043 112.829 73.871
201906 66.886 114.730 79.600
201909 80.458 114.905 95.607
201912 48.544 115.486 57.393
202003 70.531 116.252 82.839
202006 60.204 116.630 70.481
202009 64.646 116.397 75.833
202012 15.993 117.318 18.613
202103 29.504 117.840 34.186
202106 56.996 118.184 65.848
202109 78.251 118.262 90.344
202112 73.118 119.516 83.532
202203 77.108 120.948 87.047
202206 134.841 123.322 149.292
202209 176.670 125.298 192.519
202212 157.906 126.098 170.981
202303 135.996 126.953 146.265
202306 189.601 127.663 202.783
202309 414.164 128.151 441.270
202312 346.252 129.395 365.369
202403 353.053 130.607 369.087
202406 347.916 130.792 363.204
202409 360.639 130.361 377.730
202412 375.407 131.432 389.995
202503 338.772 131.948 350.557
202506 203.390 133.241 208.425
202509 292.399 133.819 298.342
202512 415.770 135.271 419.666
202603 430.068 136.539 430.068

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 Rp683.33 mean?
PT Merdeka Copper Gold Tbk (ISX:MDKA) has a Cyclically Adjusted Revenue per Share of Rp683.33 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 Merdeka Copper Gold Tbk and its competitors.
Is PT Merdeka Copper Gold Tbk's Cyclically Adjusted Revenue per Share too high?
PT Merdeka Copper Gold Tbk's current Cyclically Adjusted Revenue per Share is Rp683.33. Overall, PT Merdeka Copper Gold Tbk has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Copper Gold Tbk's Cyclically Adjusted Revenue per Share compare to competitors?
PT Merdeka Copper Gold Tbk's Cyclically Adjusted Revenue per Share of Rp683.33 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Cyclically Adjusted Revenue per Share depends on the Metals & Mining 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 Merdeka Copper Gold Tbk and its competitors. PT Merdeka Copper Gold Tbk's current Cyclically Adjusted Revenue per Share is Rp683.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Copper Gold Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Merdeka Copper Gold Tbk (ISX:MDKA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp3,367.98, compared to a current price of Rp2,650.00 — trading 21.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp683.33. PT Merdeka Copper Gold Tbk's overall GF Score™ is 93/100 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 Merdeka Copper Gold Tbk (ISX:MDKA), the current Cyclically Adjusted Revenue per Share is Rp683.33 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 Merdeka Copper Gold Tbk (ISX:MDKA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Merdeka Copper Gold Tbk stock appears to be undervalued. The current stock price of Rp2,650.00 is trading 21.3% below its estimated GF Value™ of Rp3,367.98. GuruFocus considers PT Merdeka Copper Gold Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MDKA:

  • Cyclically Adjusted Revenue per Share: Rp683.33
  • GF Value™: Rp3,367.98 vs. price of Rp2,650.00 (21.3% below fair value)
  • GF Score™: 93/100 with 6 warning signs

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


PT Merdeka Copper Gold Tbk Business Description

Other Exchanges B0C:Germany
Address Jalan Jenderal Sudirman Kav. 52-53, Treasury Tower, 67th-68th Floor, District 8 SCBD Lot. 28, Senayan, Kebayoran Baru, South Jakarta, Jakarta, IDN, 12190
PT Merdeka Copper Gold Tbk is a holding company. Along with its subsidiary, the company engages in the field of mining and other management consultancy activities. The company's gold projects consist of the Tujuh Bukit Gold Mine and the Pani Gold Project. The copper projects include Wetar Copper Mine and Tujuh Bukit Copper Project. The Nickel project comprises SCM Mine, RKEF Smelters, Nickel Matte Converter, AIM Project, HPAL Facilities, and IKIP. The majority of the company's revenue is generated by the Nickel segment.
93GF Score

Get the complete analysis for ISX:MDKA

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

Rp2,650.00
Price
Rp3,367.98
GF Value