PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) E10: Rp95.61 (As of Mar. 2026)


ISX:HMSP PT Hanjaya Mandala Sampoerna Tbk ISX:HMSP
90 GF Score
Price Rp655.00
GF Value Rp733.73
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PT Hanjaya Mandalampoerna Tbk E10?

PT Hanjaya Mandalampoerna Tbk ISX:HMSP -2.24% 90 E10 is Rp95.61 as of Mar. 2026. GuruFocus rates ISX:HMSP with a GF Score™ of 90/100 and a GF Value™ of Rp733.73 (Modestly Undervalued). The stock has 5 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 Hanjaya Mandalampoerna Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp18.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp95.61 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Hanjaya Mandalampoerna Tbk's average E10 Growth Rate was -3.40% per year. During the past 3 years, the average E10 Growth Rate was -3.90% per year. During the past 5 years, the average E10 Growth Rate was -3.10% 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 Hanjaya Mandalampoerna Tbk was -2.40% per year. The lowest was -3.90% per year. And the median was -3.00% per year.

As of today (2026-06-27), PT Hanjaya Mandalampoerna Tbk's current stock price is Rp655.00. PT Hanjaya Mandalampoerna Tbk's E10 for the quarter that ended in Mar. 2026 was Rp95.61. PT Hanjaya Mandalampoerna Tbk's Shiller PE Ratio of today is 6.85.

During the past 13 years, the highest Shiller PE Ratio of PT Hanjaya Mandalampoerna Tbk was 15.97. The lowest was 5.23. And the median was 8.47.


PT Hanjaya Mandalampoerna Tbk  (ISX:HMSP) 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 Hanjaya Mandalampoerna Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=655.00/95.61
=6.85

* 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 Hanjaya Mandalampoerna Tbk was 15.97. The lowest was 5.23. And the median was 8.47.


Be Aware

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


PT Hanjaya Mandalampoerna Tbk E10 Related Terms


PT Hanjaya Mandalampoerna Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna Tbk E10 Chart

PT Hanjaya Mandalampoerna 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 110.03 108.64 105.02 100.33 96.49

PT Hanjaya Mandalampoerna 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 99.01 97.47 96.82 96.49 95.61

ISX:HMSP vs PM, MO, TPB: E10 Comparison

For the Tobacco subindustry, PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna Tbk Shiller PE Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Hanjaya Mandalampoerna Tbk's Shiller PE Ratio distribution charts can be found below:

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


ISX:HMSP
90GF Score
PT Hanjaya Mandala Sampoerna Tbk ISX:HMSP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Hanjaya Mandalampoerna 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 Hanjaya Mandalampoerna 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)
=18/136.5387*136.5387
=18.000

Current CPI (Mar. 2026) = 136.5387.

PT Hanjaya Mandalampoerna Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 26.000 103.212 34.395
201609 25.000 104.142 32.777
201612 32.000 105.222 41.524
201703 28.000 106.476 35.906
201706 24.000 107.722 30.420
201709 28.000 108.020 35.392
201712 29.000 109.017 36.321
201803 26.000 110.097 32.244
201806 27.000 111.085 33.187
201809 30.000 111.135 36.858
201812 33.000 112.430 40.076
201903 28.000 112.829 33.884
201906 30.000 114.730 35.703
201909 30.000 114.905 35.648
201912 30.000 115.486 35.469
202003 29.000 116.252 34.061
202006 13.000 116.630 15.219
202009 17.000 116.397 19.942
202012 14.362 117.318 16.715
202103 22.000 117.840 25.491
202106 14.000 118.184 16.174
202109 12.000 118.262 13.855
202112 13.000 119.516 14.852
202203 16.000 120.948 18.062
202206 10.000 123.322 11.072
202209 16.000 125.298 17.435
202212 12.000 126.098 12.994
202303 19.000 126.953 20.435
202306 13.000 127.663 13.904
202309 21.000 128.151 22.374
202312 17.000 129.395 17.939
202403 19.000 130.607 19.863
202406 10.000 130.792 10.439
202409 16.000 130.361 16.758
202412 12.000 131.432 12.466
202503 16.000 131.948 16.557
202506 2.000 133.241 2.050
202509 21.000 133.819 21.427
202512 18.000 135.271 18.169
202603 18.000 136.539 18.000

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 Rp95.61 mean?
PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) has a E10 of Rp95.61 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Hanjaya Mandalampoerna Tbk and its competitors.
Is PT Hanjaya Mandalampoerna Tbk's E10 too high?
PT Hanjaya Mandalampoerna Tbk's current E10 is Rp95.61. Overall, PT Hanjaya Mandalampoerna Tbk has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Hanjaya Mandalampoerna Tbk's E10 compare to PM and MO?
PT Hanjaya Mandalampoerna Tbk's E10 of Rp95.61 can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good E10 depends on the Tobacco Products 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 Hanjaya Mandalampoerna Tbk and its competitors. PT Hanjaya Mandalampoerna Tbk's current E10 is Rp95.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hanjaya Mandalampoerna Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hanjaya Mandalampoerna Tbk (ISX:HMSP) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp733.73, compared to a current price of Rp655.00 — trading 10.7% below its estimated fair value. The current E10 is Rp95.61. PT Hanjaya Mandalampoerna Tbk's overall GF Score™ is 90/100 with 5 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 Hanjaya Mandalampoerna Tbk (ISX:HMSP), the current E10 is Rp95.61 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 Hanjaya Mandalampoerna Tbk (ISX:HMSP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hanjaya Mandalampoerna Tbk stock appears to be undervalued. The current stock price of Rp655.00 is trading 10.7% below its estimated GF Value™ of Rp733.73. GuruFocus considers PT Hanjaya Mandalampoerna Tbk to be Modestly Undervalued.

Key valuation signals for ISX:HMSP:

  • E10: Rp95.61
  • GF Value™: Rp733.73 vs. price of Rp655.00 (10.7% below fair value)
  • GF Score™: 90/100 with 5 warning signs

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


PT Hanjaya Mandalampoerna Tbk Business Description

Other Exchanges PHJMF:USAHSZ:Germany
Address Jalan Rungkut Industri Raya No. 18, Surabaya, IDN, 60293
PT Hanjaya Mandala Sampoerna Tbk is an Indonesian tobacco company. The company produces a number of brands of cigarettes and is well known, such as Sampoerna A, Sampoerna Kretek, Malboro, Magnum, Dji Sam Soe, and others. The scope of activities of the company comprises, among others manufacturing, trading, and distributing cigarettes. The company's flagship brand is Dji Sam Soe Kretek.
90GF Score

Get the complete analysis for ISX:HMSP

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

Rp655.00
Price
Rp733.73
GF Value