Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) Cyclically Adjusted Revenue per Share: Rp2,454.89 (As of Mar. 2026)

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ISX:PGAS Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS
92 GF Score
Price Rp1,495.00
GF Value Rp1,826.77
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Perusahaan Gas Negara (Persero) Tbk PT Cyclically Adjusted Revenue per Share?

Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS -2.29% 92 Cyclically Adjusted Revenue per Share is Rp2,454.89 as of Mar. 2026. GuruFocus rates ISX:PGAS with a GF Score™ of 92/100 and a GF Value™ of Rp1,826.77 (Modestly Undervalued). The stock has 3 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.

Perusahaan Gas Negara (Persero) Tbk PT's adjusted revenue per share for the three months ended in Mar. 2026 was Rp649.171. 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 Rp2,454.89 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Perusahaan Gas Negara (Persero) Tbk PT's average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.20% 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 Perusahaan Gas Negara (Persero) Tbk PT was 6.90% per year. The lowest was 4.00% per year. And the median was 6.10% per year.

As of today (2026-07-29), Perusahaan Gas Negara (Persero) Tbk PT's current stock price is Rp1495.00. Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Rp2,454.89. Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted PS Ratio of today is 0.61.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Perusahaan Gas Negara (Persero) Tbk PT was 1.71. The lowest was 0.39. And the median was 0.74.


Perusahaan Gas Negara (Persero) Tbk PT  (ISX:PGAS) 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.

Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1495.00/2454.89
=0.61

* 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 Perusahaan Gas Negara (Persero) Tbk PT was 1.71. The lowest was 0.39. And the median was 0.74.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Perusahaan Gas Negara (Persero) Tbk PT Cyclically Adjusted Revenue per Share Related Terms


Perusahaan Gas Negara (Persero) Tbk PT Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Perusahaan Gas Negara (Persero) Tbk PT'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.

Perusahaan Gas Negara (Persero) Tbk PT Cyclically Adjusted Revenue per Share Chart

Perusahaan Gas Negara (Persero) Tbk PT 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 1,973.87 2,153.92 2,248.49 2,310.85 2,419.39

Perusahaan Gas Negara (Persero) Tbk PT 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 2,335.26 2,370.71 2,391.22 2,419.39 2,454.89

ISX:PGAS vs ATO, NI, UGI: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Regulated Gas subindustry, Perusahaan Gas Negara (Persero) Tbk PT'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.


Perusahaan Gas Negara (Persero) Tbk PT Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted PS Ratio falls into.


ISX:PGAS
92GF Score
Perusahaan Gas Negara (Persero) Tbk PT ISX:PGAS
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perusahaan Gas Negara (Persero) Tbk PT 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, Perusahaan Gas Negara (Persero) Tbk PT'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)
=649.171/136.5387*136.5387
=649.171

Current CPI (Mar. 2026) = 136.5387.

Perusahaan Gas Negara (Persero) Tbk PT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 396.013 103.212 523.882
201609 387.604 104.142 508.179
201612 431.298 105.222 559.664
201703 410.668 106.476 526.618
201706 364.953 107.722 462.584
201709 413.520 108.020 522.693
201712 786.225 109.017 984.711
201803 535.509 110.097 664.124
201806 562.312 111.085 691.160
201809 596.031 111.135 732.278
201812 586.451 112.430 712.206
201903 513.535 112.829 621.451
201906 537.393 114.730 639.543
201909 595.179 114.905 707.239
201912 599.402 115.486 708.672
202003 549.820 116.252 645.765
202006 349.244 116.630 408.861
202009 417.669 116.397 489.945
202012 429.412 117.318 499.764
202103 436.036 117.840 505.226
202106 432.608 118.184 499.795
202109 464.444 118.262 536.222
202112 462.134 119.516 527.955
202203 495.376 120.948 559.231
202206 547.064 123.322 605.692
202209 556.704 125.298 606.645
202212 597.141 126.098 646.585
202303 589.598 126.953 634.119
202306 523.866 127.663 560.288
202309 574.908 128.151 612.535
202312 611.633 129.395 645.402
202403 615.052 130.607 642.985
202406 599.130 130.792 625.456
202409 618.804 130.361 648.129
202412 643.019 131.432 668.006
202503 656.644 131.948 679.488
202506 653.421 133.241 669.595
202509 670.848 133.819 684.482
202512 725.734 135.271 732.535
202603 649.171 136.539 649.171

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 Rp2,454.89 mean?
Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) has a Cyclically Adjusted Revenue per Share of Rp2,454.89 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 Perusahaan Gas Negara (Persero) Tbk PT and its competitors.
Is Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted Revenue per Share too high?
Perusahaan Gas Negara (Persero) Tbk PT's current Cyclically Adjusted Revenue per Share is Rp2,454.89. Overall, Perusahaan Gas Negara (Persero) Tbk PT has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted Revenue per Share compare to ATO and NI?
Perusahaan Gas Negara (Persero) Tbk PT's Cyclically Adjusted Revenue per Share of Rp2,454.89 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated 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 Perusahaan Gas Negara (Persero) Tbk PT and its competitors. Perusahaan Gas Negara (Persero) Tbk PT's current Cyclically Adjusted Revenue per Share is Rp2,454.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perusahaan Gas Negara (Persero) Tbk PT stock overvalued right now?
Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,826.77, compared to a current price of Rp1,495.00 — trading 18.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp2,454.89. Perusahaan Gas Negara (Persero) Tbk PT's overall GF Score™ is 92/100 with 3 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 Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS), the current Cyclically Adjusted Revenue per Share is Rp2,454.89 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 Perusahaan Gas Negara (Persero) Tbk PT (ISX:PGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Perusahaan Gas Negara (Persero) Tbk PT stock appears to be undervalued. The current stock price of Rp1,495.00 is trading 18.2% below its estimated GF Value™ of Rp1,826.77. GuruFocus considers Perusahaan Gas Negara (Persero) Tbk PT to be Modestly Undervalued.

Key valuation signals for ISX:PGAS:

  • Cyclically Adjusted Revenue per Share: Rp2,454.89
  • GF Value™: Rp1,826.77 vs. price of Rp1,495.00 (18.2% below fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Perusahaan Gas Negara (Persero) Tbk PT Business Description

Address Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140
Perusahaan Gas Negara (Persero) Tbk PT is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.
92GF Score

Get the complete analysis for ISX:PGAS

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

Rp1,495.00
Price
Rp1,826.77
GF Value