PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) E10: Rp45.17 (As of Mar. 2026)


ISX:ISSP PT Steel Pipe Industry of Indonesia Tbk ISX:ISSP
77 GF Score
Price Rp380.00
GF Value Rp277.92
Valuation Significantly Overvalued
! 2 Warning Signs
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What is PT Steel Pipe Industry of Indonesia Tbk E10?

PT Steel Pipe Industry of Indonesia Tbk ISX:ISSP -1.55% 77 E10 is Rp45.17 as of Mar. 2026. GuruFocus rates ISX:ISSP with a GF Score™ of 77/100 and a GF Value™ of Rp277.92 (Significantly Overvalued). The stock has 2 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 Steel Pipe Industry of Indonesia Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp10.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp45.17 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Steel Pipe Industry of Indonesia Tbk's average E10 Growth Rate was 14.80% per year. During the past 3 years, the average E10 Growth Rate was 12.80% 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 Steel Pipe Industry of Indonesia Tbk was 12.80% per year. The lowest was 12.20% per year. And the median was 12.50% per year.

As of today (2026-06-29), PT Steel Pipe Industry of Indonesia Tbk's current stock price is Rp380.00. PT Steel Pipe Industry of Indonesia Tbk's E10 for the quarter that ended in Mar. 2026 was Rp45.17. PT Steel Pipe Industry of Indonesia Tbk's Shiller PE Ratio of today is 8.41.

During the past 13 years, the highest Shiller PE Ratio of PT Steel Pipe Industry of Indonesia Tbk was 16.78. The lowest was 6.28. And the median was 8.67.


PT Steel Pipe Industry of Indonesia Tbk  (ISX:ISSP) 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 Steel Pipe Industry of Indonesia Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=380.00/45.17
=8.41

* 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 Steel Pipe Industry of Indonesia Tbk was 16.78. The lowest was 6.28. And the median was 8.67.


Be Aware

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


PT Steel Pipe Industry of Indonesia Tbk E10 Related Terms


PT Steel Pipe Industry of Indonesia Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Steel Pipe Industry of Indonesia 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 Steel Pipe Industry of Indonesia Tbk E10 Chart

PT Steel Pipe Industry of Indonesia 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 27.29 30.88 34.64 38.55 44.34

PT Steel Pipe Industry of Indonesia 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 39.35 40.76 42.58 44.34 45.17

ISX:ISSP vs NUE, STLD, RS: E10 Comparison

For the Steel subindustry, PT Steel Pipe Industry of Indonesia 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 Steel Pipe Industry of Indonesia Tbk Shiller PE Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, PT Steel Pipe Industry of Indonesia Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Steel Pipe Industry of Indonesia Tbk's Shiller PE Ratio falls into.


ISX:ISSP
77GF Score
PT Steel Pipe Industry of Indonesia Tbk ISX:ISSP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Steel Pipe Industry of Indonesia 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 Steel Pipe Industry of Indonesia 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)
=10.9/136.5387*136.5387
=10.900

Current CPI (Mar. 2026) = 136.5387.

PT Steel Pipe Industry of Indonesia Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 9.187 103.212 12.153
201609 3.040 104.142 3.986
201612 -2.761 105.222 -3.583
201703 2.050 106.476 2.629
201706 1.480 107.722 1.876
201709 -0.590 108.020 -0.746
201712 -1.721 109.017 -2.155
201803 1.650 110.097 2.046
201806 0.196 111.085 0.241
201809 0.349 111.135 0.429
201812 4.690 112.430 5.696
201903 3.060 112.829 3.703
201906 4.346 114.730 5.172
201909 9.876 114.905 11.735
201912 8.970 115.486 10.605
202003 -10.640 116.252 -12.497
202006 11.010 116.630 12.889
202009 6.626 116.397 7.773
202012 17.888 117.318 20.819
202103 17.220 117.840 19.952
202106 18.758 118.184 21.671
202109 27.080 118.262 31.265
202112 5.735 119.516 6.552
202203 17.040 120.948 19.236
202206 9.967 123.322 11.035
202209 14.440 125.298 15.735
202212 1.838 126.098 1.990
202303 15.140 126.953 16.283
202306 13.617 127.663 14.564
202309 22.720 128.151 24.207
202312 19.013 129.395 20.063
202403 15.400 130.607 16.099
202406 14.259 130.792 14.886
202409 21.020 130.361 22.016
202412 24.341 131.432 25.287
202503 11.960 131.948 12.376
202506 18.234 133.241 18.685
202509 22.060 133.819 22.508
202512 23.397 135.271 23.616
202603 10.900 136.539 10.900

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 Rp45.17 mean?
PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) has a E10 of Rp45.17 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Steel Pipe Industry of Indonesia Tbk and its competitors.
Is PT Steel Pipe Industry of Indonesia Tbk's E10 too high?
PT Steel Pipe Industry of Indonesia Tbk's current E10 is Rp45.17. Overall, PT Steel Pipe Industry of Indonesia Tbk has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Steel Pipe Industry of Indonesia Tbk's E10 compare to NUE and STLD?
PT Steel Pipe Industry of Indonesia Tbk's E10 of Rp45.17 can be compared against companies in the Steel 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 Steel company?
A good E10 depends on the Steel 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 Steel Pipe Industry of Indonesia Tbk and its competitors. PT Steel Pipe Industry of Indonesia Tbk's current E10 is Rp45.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Steel Pipe Industry of Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp277.92, compared to a current price of Rp380.00 — trading 36.7% above its estimated fair value. The current E10 is Rp45.17. PT Steel Pipe Industry of Indonesia Tbk's overall GF Score™ is 77/100 with 2 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 Steel Pipe Industry of Indonesia Tbk (ISX:ISSP), the current E10 is Rp45.17 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 Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Steel Pipe Industry of Indonesia Tbk stock appears to be overvalued. The current stock price of Rp380.00 is trading 36.7% above its estimated GF Value™ of Rp277.92. GuruFocus considers PT Steel Pipe Industry of Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for ISX:ISSP:

  • E10: Rp45.17
  • GF Value™: Rp277.92 vs. price of Rp380.00 (36.7% above fair value)
  • GF Score™: 77/100 with 2 warning signs

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


PT Steel Pipe Industry of Indonesia Tbk Business Description

Address Jalan Kalibutuh No. 189-191, East Java, Surabaya, IDN, 60173
PT Steel Pipe Industry of Indonesia Tbk is an Indonesian-based company engaged in manufacturing steel pipes. The company's products include black pipes, water pipes, mechanical pipes, furniture pipes, API pipes, steel poles, spiral pipes, as well as industrial and ornamental stainless steel pipes. The segments of the company are Steel Pipe Mill, Spiral Steel Pipe Mill, Strips and Plate, Services, and others. The company's products are used for furniture, water supply systems, general construction, automotive components, oil and gas, mechanical structures, and chemical industries. Geographically, all operations functioned through the regions of Indonesia.
77GF Score

Get the complete analysis for ISX:ISSP

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

Rp380.00
Price
Rp277.92
GF Value