PT Equity Development Investment Tbk (ISX:GSMF) E10: Rp3.24 (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:GSMF PT Equity Development Investment Tbk ISX:GSMF
59 GF Score
Price Rp86.00
GF Value Rp42.13
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is PT Equity Development Investment Tbk E10?

PT Equity Development Investment Tbk ISX:GSMF +3.61% 59 E10 is Rp3.24 as of Mar. 2026. GuruFocus rates ISX:GSMF with a GF Score™ of 59/100 and a GF Value™ of Rp42.13 (Significantly Overvalued). 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 Equity Development Investment Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp-0.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp3.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Equity Development Investment Tbk's average E10 Growth Rate was -12.40% per year. During the past 3 years, the average E10 Growth Rate was -22.50% per year. During the past 5 years, the average E10 Growth Rate was -17.80% 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 Equity Development Investment Tbk was -13.40% per year. The lowest was -22.50% per year. And the median was -19.00% per year.

As of today (2026-07-13), PT Equity Development Investment Tbk's current stock price is Rp86.00. PT Equity Development Investment Tbk's E10 for the quarter that ended in Mar. 2026 was Rp3.24. PT Equity Development Investment Tbk's Shiller PE Ratio of today is 26.54.

During the past 13 years, the highest Shiller PE Ratio of PT Equity Development Investment Tbk was 43.52. The lowest was 7.48. And the median was 11.18.


PT Equity Development Investment Tbk  (ISX:GSMF) 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 Equity Development Investment Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=86.00/3.24
=26.54

* 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 Equity Development Investment Tbk was 43.52. The lowest was 7.48. And the median was 11.18.


Be Aware

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


PT Equity Development Investment Tbk E10 Related Terms


PT Equity Development Investment Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Equity Development Investment 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 Equity Development Investment Tbk E10 Chart

PT Equity Development Investment 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 7.95 7.29 5.67 4.23 3.39

PT Equity Development Investment Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.70 3.79 3.55 3.39 3.24

ISX:GSMF vs BRK.A, AIG, HIG: E10 Comparison

For the Insurance - Diversified subindustry, PT Equity Development Investment 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 Equity Development Investment Tbk Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, PT Equity Development Investment Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Equity Development Investment Tbk's Shiller PE Ratio falls into.


ISX:GSMF
59GF Score
PT Equity Development Investment Tbk ISX:GSMF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Equity Development Investment 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 Equity Development Investment Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.02/136.5387*136.5387
=-0.020

Current CPI (Mar. 2026) = 136.5387.

PT Equity Development Investment Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 2.812 103.212 3.720
201609 1.643 104.142 2.154
201612 3.685 105.222 4.782
201703 1.430 106.476 1.834
201706 1.114 107.722 1.412
201709 1.561 108.020 1.973
201712 2.674 109.017 3.349
201803 1.361 110.097 1.688
201806 1.444 111.085 1.775
201809 1.073 111.135 1.318
201812 1.540 112.430 1.870
201903 0.914 112.829 1.106
201906 1.210 114.730 1.440
201909 1.458 114.905 1.733
201912 0.055 115.486 0.065
202003 -1.354 116.252 -1.590
202006 -1.321 116.630 -1.546
202009 2.716 116.397 3.186
202012 1.334 117.318 1.553
202103 0.419 117.840 0.485
202106 -0.658 118.184 -0.760
202109 -1.709 118.262 -1.973
202112 1.462 119.516 1.670
202203 0.230 120.948 0.260
202206 -0.010 123.322 -0.011
202209 0.780 125.298 0.850
202212 0.278 126.098 0.301
202303 -1.520 126.953 -1.635
202306 0.210 127.663 0.225
202309 0.380 128.151 0.405
202312 -3.230 129.395 -3.408
202403 0.440 130.607 0.460
202406 -0.840 130.792 -0.877
202409 2.088 130.361 2.187
202412 -1.373 131.432 -1.426
202503 -1.030 131.948 -1.066
202506 2.360 133.241 2.418
202509 1.570 133.819 1.602
202512 0.888 135.271 0.896
202603 -0.020 136.539 -0.020

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 Rp3.24 mean?
PT Equity Development Investment Tbk (ISX:GSMF) has a E10 of Rp3.24 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Equity Development Investment Tbk and its competitors.
Is PT Equity Development Investment Tbk's E10 too high?
PT Equity Development Investment Tbk's current E10 is Rp3.24. Overall, PT Equity Development Investment Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Equity Development Investment Tbk's E10 compare to BRK.A and AIG?
PT Equity Development Investment Tbk's E10 of Rp3.24 can be compared against companies in the Insurance 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 an Insurance company?
A good E10 depends on the Insurance 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 Equity Development Investment Tbk and its competitors. PT Equity Development Investment Tbk's current E10 is Rp3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Equity Development Investment Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Equity Development Investment Tbk (ISX:GSMF) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp42.13, compared to a current price of Rp86.00 — trading 104.1% above its estimated fair value. The current E10 is Rp3.24. PT Equity Development Investment Tbk's overall GF Score™ is 59/100 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 Equity Development Investment Tbk (ISX:GSMF), the current E10 is Rp3.24 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 Equity Development Investment Tbk (ISX:GSMF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Equity Development Investment Tbk stock appears to be overvalued. The current stock price of Rp86.00 is trading 104.1% above its estimated GF Value™ of Rp42.13. GuruFocus considers PT Equity Development Investment Tbk to be Significantly Overvalued.

Key valuation signals for ISX:GSMF:

  • E10: Rp3.24
  • GF Value™: Rp42.13 vs. price of Rp86.00 (104.1% above fair value)
  • GF Score™: 59/100 with 3 warning signs

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


PT Equity Development Investment Tbk Business Description

Address Jalan Hayam Wuruk No. 8, Wisma Hayam Wuruk, 3rd Floor, Central Jakarta, Jakarta, IDN, 10120
PT Equity Development Investment Tbk is an Indonesia-based investment holding company engaged in the insurance business through its subsidiaries. It is also engaged in investment activities, management consulting services, and share investments, as well as training areas specifically for the Equity group. The company and its subsidiaries have categorized their business activity into four segments by the nature of the business, which include Holding company, travel services and venture capital, Banking and financing, Insurance, Stock administration and securities, out of which the majority of the revenue is generated from the Insurance segment. The company's geographical segments include Java Island and Outside Java Island.
59GF Score

Get the complete analysis for ISX:GSMF

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

Rp86.00
Price
Rp42.13
GF Value