PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) E10: Rp1,409.23 (As of Mar. 2026)


ISX:INKP PT Indah Kiat Pulp & Paper Tbk ISX:INKP
96 GF Score
Price Rp6,950.00
GF Value Rp9,221.22
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Indah Kiat Pulp & Paper Tbk E10?

PT Indah Kiat Pulp & Paper Tbk ISX:INKP -0.71% 96 E10 is Rp1,409.23 as of Mar. 2026. GuruFocus rates ISX:INKP with a GF Score™ of 96/100 and a GF Value™ of Rp9,221.22 (Modestly Undervalued). The stock has 4 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 Indah Kiat Pulp & Paper Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp482.994. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp1,409.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Indah Kiat Pulp & Paper Tbk's average E10 Growth Rate was 9.70% per year. During the past 3 years, the average E10 Growth Rate was 8.20% per year. During the past 5 years, the average E10 Growth Rate was 15.50% 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 Indah Kiat Pulp & Paper Tbk was 22.20% per year. The lowest was 8.20% per year. And the median was 18.40% per year.

As of today (2026-07-03), PT Indah Kiat Pulp & Paper Tbk's current stock price is Rp6950.00. PT Indah Kiat Pulp & Paper Tbk's E10 for the quarter that ended in Mar. 2026 was Rp1,409.23. PT Indah Kiat Pulp & Paper Tbk's Shiller PE Ratio of today is 4.93.

During the past 13 years, the highest Shiller PE Ratio of PT Indah Kiat Pulp & Paper Tbk was 21.56. The lowest was 3.74. And the median was 8.36.


PT Indah Kiat Pulp & Paper Tbk  (ISX:INKP) 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 Indah Kiat Pulp & Paper Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6950.00/1409.23
=4.93

* 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 Indah Kiat Pulp & Paper Tbk was 21.56. The lowest was 3.74. And the median was 8.36.


Be Aware

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


PT Indah Kiat Pulp & Paper Tbk E10 Related Terms


PT Indah Kiat Pulp & Paper Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk E10 Chart

PT Indah Kiat Pulp & Paper 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 802.81 1,071.74 1,151.41 1,256.70 1,356.77

PT Indah Kiat Pulp & Paper 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 1,284.10 1,290.68 1,317.54 1,356.77 1,409.23

ISX:INKP vs SLVM: E10 Comparison

For the Paper & Paper Products subindustry, PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Indah Kiat Pulp & Paper Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Indah Kiat Pulp & Paper Tbk's Shiller PE Ratio falls into.


ISX:INKP
96GF Score
PT Indah Kiat Pulp & Paper Tbk ISX:INKP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper 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)
=482.994/136.5387*136.5387
=482.994

Current CPI (Mar. 2026) = 136.5387.

PT Indah Kiat Pulp & Paper Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 45.995 103.212 60.846
201609 123.430 104.142 161.826
201612 259.054 105.222 336.155
201703 209.369 106.476 268.483
201706 207.250 107.722 262.693
201709 282.979 108.020 357.688
201712 311.610 109.017 390.277
201803 390.182 110.097 483.893
201806 474.109 111.085 582.747
201809 477.366 111.135 586.487
201812 190.614 112.430 231.488
201903 189.807 112.829 229.694
201906 192.251 114.730 228.795
201909 235.232 114.905 279.521
201912 93.038 115.486 109.999
202003 499.850 116.252 587.075
202006 62.285 116.630 72.917
202009 228.510 116.397 268.053
202012 17.093 117.318 19.893
202103 367.067 117.840 425.313
202106 376.379 118.184 434.833
202109 281.290 118.262 324.763
202112 354.913 119.516 405.463
202203 462.746 120.948 522.395
202206 587.207 123.322 650.137
202209 689.300 125.298 751.136
202212 600.303 126.098 650.009
202303 372.723 126.953 400.867
202306 369.638 127.663 395.337
202309 146.974 128.151 156.593
202312 256.886 129.395 271.069
202403 375.519 130.607 392.574
202406 441.429 130.792 460.826
202409 -147.696 130.361 -154.695
202412 580.946 131.432 603.521
202503 421.764 131.948 436.437
202506 70.292 133.241 72.032
202509 489.451 133.819 499.398
202512 389.109 135.271 392.755
202603 482.994 136.539 482.994

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 Rp1,409.23 mean?
PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) has a E10 of Rp1,409.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Indah Kiat Pulp & Paper Tbk and its competitors.
Is PT Indah Kiat Pulp & Paper Tbk's E10 too high?
PT Indah Kiat Pulp & Paper Tbk's current E10 is Rp1,409.23. Overall, PT Indah Kiat Pulp & Paper Tbk has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Indah Kiat Pulp & Paper Tbk's E10 compare to SLVM?
PT Indah Kiat Pulp & Paper Tbk's E10 of Rp1,409.23 can be compared against companies in the Forest 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 Forest Products company?
A good E10 depends on the Forest 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 Indah Kiat Pulp & Paper Tbk and its competitors. PT Indah Kiat Pulp & Paper Tbk's current E10 is Rp1,409.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indah Kiat Pulp & Paper Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indah Kiat Pulp & Paper Tbk (ISX:INKP) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp9,221.22, compared to a current price of Rp6,950.00 — trading 24.6% below its estimated fair value. The current E10 is Rp1,409.23. PT Indah Kiat Pulp & Paper Tbk's overall GF Score™ is 96/100 with 4 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 Indah Kiat Pulp & Paper Tbk (ISX:INKP), the current E10 is Rp1,409.23 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 Indah Kiat Pulp & Paper Tbk (ISX:INKP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indah Kiat Pulp & Paper Tbk stock appears to be undervalued. The current stock price of Rp6,950.00 is trading 24.6% below its estimated GF Value™ of Rp9,221.22. GuruFocus considers PT Indah Kiat Pulp & Paper Tbk to be Modestly Undervalued.

Key valuation signals for ISX:INKP:

  • E10: Rp1,409.23
  • GF Value™: Rp9,221.22 vs. price of Rp6,950.00 (24.6% below fair value)
  • GF Score™: 96/100 with 4 warning signs

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


PT Indah Kiat Pulp & Paper Tbk Business Description

Other Exchanges IKP:Germany
Address Jalan M.H. Thamrin No. 51, Tower 2, 9th Floor, Building Sinar Mas Land Plaza, Jakarta, IDN, 10350
PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp, and packaging paper. The company's operating segments are: cultural paper and pulp, which derives maximum revenue; and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper and tissue products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, the company generates maximum revenue from Indonesia, and the rest from Asia, Europe, America, the Middle East, Africa, and Australia.
96GF Score

Get the complete analysis for ISX:INKP

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

Rp6,950.00
Price
Rp9,221.22
GF Value