PT Indofood CBP Sukses Makmur Tbk (ISX:ICBP) E10: Rp574.15 (As of Mar. 2026)


ISX:ICBP PT Indofood CBP Sukses Makmur Tbk ISX:ICBP
72 GF Score
Price Rp6,650.00
GF Value Rp12,021.53
Valuation Significantly Undervalued
! 1 Warning Sign
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What is PT Indofood CBP Sukses Makmur Tbk E10?

PT Indofood CBP Sukses Makmur Tbk ISX:ICBP +0.76% 72 E10 is Rp574.15 as of Mar. 2026. GuruFocus rates ISX:ICBP with a GF Score™ of 72/100 and a GF Value™ of Rp12,021.53 (Significantly Undervalued). The stock has 1 warning sign 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 Indofood CBP Sukses Makmur Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp221.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp574.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Indofood CBP Sukses Makmur Tbk's average E10 Growth Rate was 11.90% per year. During the past 3 years, the average E10 Growth Rate was 10.20% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of PT Indofood CBP Sukses Makmur Tbk was 10.20% per year. The lowest was 7.80% per year. And the median was 9.00% per year.

As of today (2026-06-30), PT Indofood CBP Sukses Makmur Tbk's current stock price is Rp6650.00. PT Indofood CBP Sukses Makmur Tbk's E10 for the quarter that ended in Mar. 2026 was Rp574.15. PT Indofood CBP Sukses Makmur Tbk's Shiller PE Ratio of today is 11.58.

During the past 13 years, the highest Shiller PE Ratio of PT Indofood CBP Sukses Makmur Tbk was 26.37. The lowest was 11.06. And the median was 22.18.


PT Indofood CBP Sukses Makmur Tbk  (ISX:ICBP) 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 Indofood CBP Sukses Makmur Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6650.00/574.15
=11.58

* 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 Indofood CBP Sukses Makmur Tbk was 26.37. The lowest was 11.06. And the median was 22.18.


Be Aware

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


PT Indofood CBP Sukses Makmur Tbk E10 Related Terms


PT Indofood CBP Sukses Makmur Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur Tbk E10 Chart

PT Indofood CBP Sukses Makmur 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 396.96 416.93 460.78 497.64 557.59

PT Indofood CBP Sukses Makmur 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 513.21 532.18 539.95 557.59 574.15

ISX:ICBP vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur Tbk Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Indofood CBP Sukses Makmur Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Indofood CBP Sukses Makmur Tbk's Shiller PE Ratio falls into.


ISX:ICBP
72GF Score
PT Indofood CBP Sukses Makmur Tbk ISX:ICBP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur 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)
=221/136.5387*136.5387
=221.000

Current CPI (Mar. 2026) = 136.5387.

PT Indofood CBP Sukses Makmur Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 88.706 103.212 117.348
201609 73.000 104.142 95.709
201612 65.879 105.222 85.486
201703 94.000 106.476 120.540
201706 85.000 107.722 107.739
201709 81.430 108.020 102.928
201712 64.728 109.017 81.069
201803 104.000 110.097 128.978
201806 92.000 111.085 113.081
201809 103.000 111.135 126.545
201812 93.000 112.430 112.942
201903 115.000 112.829 139.167
201906 106.000 114.730 126.149
201909 112.000 114.905 133.087
201912 99.000 115.486 117.047
202003 170.000 116.252 199.666
202006 120.000 116.630 140.484
202009 50.000 116.397 58.652
202012 225.000 117.318 261.862
202103 149.000 117.840 172.643
202106 127.000 118.184 146.724
202109 149.910 118.262 173.078
202112 122.612 119.516 140.076
202203 166.000 120.948 187.398
202206 -0.924 123.322 -1.023
202209 118.000 125.298 128.586
202212 109.000 126.098 118.025
202303 339.000 126.953 364.598
202306 151.840 127.663 162.397
202309 114.000 128.151 121.461
202312 -6.000 129.395 -6.331
202403 202.000 130.607 211.174
202406 101.000 130.792 105.438
202409 395.449 130.361 414.189
202412 -92.000 131.432 -95.575
202503 228.000 131.948 235.932
202506 246.909 133.241 253.021
202509 134.807 133.819 137.547
202512 181.000 135.271 182.696
202603 221.000 136.539 221.000

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 Rp574.15 mean?
PT Indofood CBP Sukses Makmur Tbk (ISX:ICBP) has a E10 of Rp574.15 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Indofood CBP Sukses Makmur Tbk and its competitors.
Is PT Indofood CBP Sukses Makmur Tbk's E10 too high?
PT Indofood CBP Sukses Makmur Tbk's current E10 is Rp574.15. Overall, PT Indofood CBP Sukses Makmur Tbk has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Indofood CBP Sukses Makmur Tbk's E10 compare to KHC and GIS?
PT Indofood CBP Sukses Makmur Tbk's E10 of Rp574.15 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Indofood CBP Sukses Makmur Tbk and its competitors. PT Indofood CBP Sukses Makmur Tbk's current E10 is Rp574.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indofood CBP Sukses Makmur Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indofood CBP Sukses Makmur Tbk (ISX:ICBP) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp12,021.53, compared to a current price of Rp6,650.00 — trading 44.7% below its estimated fair value. The current E10 is Rp574.15. PT Indofood CBP Sukses Makmur Tbk's overall GF Score™ is 72/100 with 1 warning sign 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 Indofood CBP Sukses Makmur Tbk (ISX:ICBP), the current E10 is Rp574.15 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 Indofood CBP Sukses Makmur Tbk (ISX:ICBP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indofood CBP Sukses Makmur Tbk stock appears to be undervalued. The current stock price of Rp6,650.00 is trading 44.7% below its estimated GF Value™ of Rp12,021.53. GuruFocus considers PT Indofood CBP Sukses Makmur Tbk to be Significantly Undervalued.

Key valuation signals for ISX:ICBP:

  • E10: Rp574.15
  • GF Value™: Rp12,021.53 vs. price of Rp6,650.00 (44.7% below fair value)
  • GF Score™: 72/100 with 1 warning sign

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


PT Indofood CBP Sukses Makmur Tbk Business Description

Address Jalan Jenderal Sudirman, Kav. 76 - 78, Sudirman Plaza, Indofood Tower, 23rd Floor, Jakarta, IDN, 12910
PT Indofood CBP Sukses Makmur Tbk operates in the consumer-branded products sector, offering products like noodles, milk, butter, biscuits, chips, chili sauce, syrups, ready-to-drink tea, condiments, etc. These are marketed under various brands such as Indomie, Supermi, Indomilk, Cap Enaak, Chitato, Sambal Indofood, Bumbu Racik, Govit, Sun, Ichi Ocha, Club, and others. The Group also operates a packaging business that produces flexible and corrugated packaging for its products. It classifies its business into the following divisions: Noodles, which generates maximum revenue, Dairy (dairy products), Food Seasonings, Snack Foods, Nutrition and Special Foods, and Beverages. Geographically, the Group derives maximum revenue from Indonesia, and the rest from Asia and Africa, and other regions.
72GF Score

Get the complete analysis for ISX:ICBP

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

Rp6,650.00
Price
Rp12,021.53
GF Value