PT Adirana Armada Tbk (ISX:ASSA) E10: Rp50.54 (As of Jun. 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:ASSA PT Adi Sarana Armada Tbk ISX:ASSA
89 GF Score
Price Rp635.00
GF Value Rp1,023.53
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is PT Adirana Armada Tbk E10?

PT Adirana Armada Tbk ISX:ASSA 89 E10 is Rp50.54 as of Jun. 2026. GuruFocus rates ISX:ASSA with a GF Score™ of 89/100 and a GF Value™ of Rp1,023.53 (Possible Value Trap). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

PT Adirana Armada Tbk's adjusted earnings per share data for the three months ended in Jun. 2026 was Rp27.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp50.54 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Adirana Armada Tbk's average E10 Growth Rate was 30.20% per year. During the past 3 years, the average E10 Growth Rate was 16.80% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of PT Adirana Armada Tbk was 16.80% per year. The lowest was 10.20% per year. And the median was 13.50% per year.

As of today (2026-08-09), PT Adirana Armada Tbk's current stock price is Rp635.00. PT Adirana Armada Tbk's E10 for the quarter that ended in Jun. 2026 was Rp50.54. PT Adirana Armada Tbk's Shiller PE Ratio of today is 12.56.

During the past 13 years, the highest Shiller PE Ratio of PT Adirana Armada Tbk was 161.34. The lowest was 11.51. And the median was 27.42.


PT Adirana Armada Tbk  (ISX:ASSA) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

PT Adirana Armada Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=635.00/50.54
=12.56

* 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 Shiller P/E Ratio of PT Adirana Armada Tbk was 161.34. The lowest was 11.51. And the median was 27.42.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


PT Adirana Armada Tbk E10 Related Terms


PT Adirana Armada Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Adirana Armada Tbk's E10 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 Adirana Armada Tbk E10 Chart

PT Adirana Armada Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.16 28.29 28.14 33.66 45.09

PT Adirana Armada Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 38.82 42.52 45.09 47.78 50.54

ISX:ASSA vs URI, SUNB, AER: E10 Comparison

For the Rental & Leasing Services subindustry, PT Adirana Armada Tbk's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Adirana Armada Tbk Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Adirana Armada Tbk's Shiller PE Ratio falls into.


ISX:ASSA
89GF Score
PT Adi Sarana Armada Tbk ISX:ASSA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Adirana Armada Tbk E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 Adirana Armada Tbk's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=27.75/137.6954*137.6954
=27.750

Current CPI (Jun. 2026) = 137.6954.

PT Adirana Armada Tbk Quarterly Data

per share eps CPI Adj_EPS
201609 4.420 104.142 5.844
201612 6.101 105.222 7.984
201703 6.220 106.476 8.044
201706 6.514 107.722 8.327
201709 6.810 108.020 8.681
201712 8.165 109.017 10.313
201803 11.175 110.097 13.976
201806 9.367 111.085 11.611
201809 8.353 111.135 10.349
201812 10.077 112.430 12.342
201903 8.527 112.829 10.406
201906 6.726 114.730 8.072
201909 8.592 114.905 10.296
201912 6.139 115.486 7.320
202003 9.450 116.252 11.193
202006 2.228 116.630 2.630
202009 2.224 116.397 2.631
202012 9.765 117.318 11.461
202103 9.610 117.840 11.229
202106 10.120 118.184 11.791
202109 2.820 118.262 3.283
202112 14.050 119.516 16.187
202203 22.330 120.948 25.422
202206 9.860 123.322 11.009
202209 -20.700 125.298 -22.748
202212 16.950 126.098 18.509
202303 14.540 126.953 15.770
202306 2.860 127.663 3.085
202309 12.810 128.151 13.764
202312 -4.100 129.395 -4.363
202403 19.240 130.607 20.284
202406 15.550 130.792 16.371
202409 22.825 130.361 24.109
202412 8.417 131.432 8.818
202503 27.570 131.948 28.771
202506 28.039 133.241 28.976
202509 38.830 133.819 39.955
202512 18.734 135.271 19.070
202603 26.680 136.539 26.906
202606 27.750 137.695 27.750

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of Rp50.54 mean?
PT Adirana Armada Tbk (ISX:ASSA) has a E10 of Rp50.54 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Adirana Armada Tbk and its competitors.
Is PT Adirana Armada Tbk's E10 too high?
PT Adirana Armada Tbk's current E10 is Rp50.54. Overall, PT Adirana Armada Tbk has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's E10 compare to URI and SUNB?
PT Adirana Armada Tbk's E10 of Rp50.54 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Business Services company?
A good E10 depends on the Business Services industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Adirana Armada Tbk and its competitors. PT Adirana Armada Tbk's current E10 is Rp50.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,023.53, compared to a current price of Rp635.00 — trading 38% below its estimated fair value. The current E10 is Rp50.54. PT Adirana Armada Tbk's overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For PT Adirana Armada Tbk (ISX:ASSA), the current E10 is Rp50.54 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 Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued. The current stock price of Rp635.00 is trading 38% below its estimated GF Value™ of Rp1,023.53. GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.

Key valuation signals for ISX:ASSA:

  • E10: Rp50.54
  • GF Value™: Rp1,023.53 vs. price of Rp635.00 (38% below fair value)
  • GF Score™: 89/100 with 2 warning signs

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


PT Adirana Armada Tbk Business Description

Address Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
89GF Score

Get the complete analysis for ISX:ASSA

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp635.00
Price
Rp1,023.53
GF Value