PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) E10: Rp35.26 (As of Dec. 2025)


ISX:GMTD PT Gowa Makassar Tourism Development Tbk ISX:GMTD
63 GF Score
Price Rp1,280.00
GF Value Rp2,227.11
Valuation Significantly Undervalued
! 3 Warning Signs
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What is PT Gowa Makassar Tourism Development Tbk E10?

PT Gowa Makassar Tourism Development Tbk ISX:GMTD -1.54% 63 E10 is Rp35.26 as of Dec. 2025. GuruFocus rates ISX:GMTD with a GF Score™ of 63/100 and a GF Value™ of Rp2,227.11 (Significantly 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 P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

PT Gowa Makassar Tourism Development Tbk's adjusted earnings per share data for the three months ended in Dec. 2025 was Rp-4.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp35.26 for the trailing ten years ended in Dec. 2025.

During the past 12 months, PT Gowa Makassar Tourism Development Tbk's average E10 Growth Rate was -24.20% 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 E10 growth rate using E10 data.

As of today (2026-06-28), PT Gowa Makassar Tourism Development Tbk's current stock price is Rp1280.00. PT Gowa Makassar Tourism Development Tbk's E10 for the quarter that ended in Dec. 2025 was Rp35.26. PT Gowa Makassar Tourism Development Tbk's Shiller PE Ratio of today is 36.30.

During the past 13 years, the highest Shiller PE Ratio of PT Gowa Makassar Tourism Development Tbk was 136.30. The lowest was 36.30. And the median was 66.48.


PT Gowa Makassar Tourism Development Tbk  (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1280.00/35.26
=36.30

* 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 Gowa Makassar Tourism Development Tbk was 136.30. The lowest was 36.30. And the median was 66.48.


Be Aware

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


PT Gowa Makassar Tourism Development Tbk E10 Related Terms


PT Gowa Makassar Tourism Development Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk E10 Chart

PT Gowa Makassar Tourism Development 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 0.00 0.00 0.00 46.53 35.26

PT Gowa Makassar Tourism Development Tbk Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 46.53 41.39 38.94 38.66 35.26

PT Gowa Makassar Tourism Development Tbk E10 Competitor Comparison

For the Real Estate - Development subindustry, PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Shiller PE Ratio falls into.


ISX:GMTD
63GF Score
PT Gowa Makassar Tourism Development Tbk ISX:GMTD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-4.73/135.2711*135.2711
=-4.730

Current CPI (Dec. 2025) = 135.2711.

PT Gowa Makassar Tourism Development Tbk Quarterly Data

per share eps CPI Adj_EPS
201603 26.472 102.764 34.846
201606 24.296 103.212 31.843
201609 19.023 104.142 24.709
201612 15.807 105.222 20.321
201703 19.640 106.476 24.951
201706 18.334 107.722 23.023
201709 17.713 108.020 22.182
201712 11.509 109.017 14.281
201803 5.067 110.097 6.226
201806 23.652 111.085 28.802
201809 16.887 111.135 20.555
201812 14.907 112.430 17.935
201903 7.856 112.829 9.419
201906 11.678 114.730 13.769
201909 -92.008 114.905 -108.316
201912 3.420 115.486 4.006
202003 -2.283 116.252 -2.656
202006 3.474 116.630 4.029
202009 9.196 116.397 10.687
202012 -114.732 117.318 -132.289
202103 -1.923 117.840 -2.207
202106 -3.298 118.184 -3.775
202109 -6.713 118.262 -7.679
202112 -15.029 119.516 -17.010
202203 -6.999 120.948 -7.828
202206 13.297 123.322 14.585
202209 -0.202 125.298 -0.218
202212 2.766 126.098 2.967
202303 26.446 126.953 28.179
202306 10.934 127.663 11.586
202309 43.468 128.151 45.883
202312 46.210 129.395 48.309
202403 118.270 130.607 122.494
202406 14.630 130.792 15.131
202409 -33.275 130.361 -34.528
202412 35.150 131.432 36.177
202503 4.550 131.948 4.665
202506 17.120 133.241 17.381
202509 14.743 133.819 14.903
202512 -4.730 135.271 -4.730

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 Rp35.26 mean?
PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) has a E10 of Rp35.26 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings 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 E10 too high?
PT Gowa Makassar Tourism Development Tbk's current E10 is Rp35.26. Overall, PT Gowa Makassar Tourism Development Tbk has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Gowa Makassar Tourism Development Tbk's E10 compare to competitors?
PT Gowa Makassar Tourism Development Tbk's E10 of Rp35.26 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 E10 for a Real Estate company?
A good E10 depends on the Real Estate 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 Gowa Makassar Tourism Development Tbk and its competitors. PT Gowa Makassar Tourism Development Tbk's current E10 is Rp35.26. 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 Rp2,227.11, compared to a current price of Rp1,280.00 — trading 42.5% below its estimated fair value. The current E10 is Rp35.26. PT Gowa Makassar Tourism Development Tbk's overall GF Score™ is 63/100 with 3 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD), the current E10 is Rp35.26 as of Dec. 2025. 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 Rp1,280.00 is trading 42.5% below its estimated GF Value™ of Rp2,227.11. GuruFocus considers PT Gowa Makassar Tourism Development Tbk to be Significantly Undervalued.

Key valuation signals for ISX:GMTD:

  • E10: Rp35.26
  • GF Value™: Rp2,227.11 vs. price of Rp1,280.00 (42.5% below fair value)
  • GF Score™: 63/100 with 3 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.
63GF Score

Get the complete analysis for ISX:GMTD

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

Rp1,280.00
Price
Rp2,227.11
GF Value