PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) E10: Rp193.45 (As of Sep. 2025)

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ISX:MREI PT Maskapai Reasuransi Indonesia Tbk ISX:MREI
63 GF Score
Price Rp920.00
GF Value Rp1,516.72
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is PT Maskapai Reasuransi Indonesia Tbk E10?

PT Maskapai Reasuransi Indonesia Tbk ISX:MREI 63 E10 is Rp193.45 as of Sep. 2025. GuruFocus rates ISX:MREI with a GF Score™ of 63/100 and a GF Value™ of Rp1,516.72 (Significantly Undervalued). 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 Maskapai Reasuransi Indonesia Tbk's adjusted earnings per share data for the three months ended in Sep. 2025 was Rp80.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp193.45 for the trailing ten years ended in Sep. 2025.

During the past 12 months, PT Maskapai Reasuransi Indonesia Tbk's average E10 Growth Rate was -8.90% 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.

As of today (2026-07-20), PT Maskapai Reasuransi Indonesia Tbk's current stock price is Rp920.00. PT Maskapai Reasuransi Indonesia Tbk's E10 for the quarter that ended in Sep. 2025 was Rp193.45. PT Maskapai Reasuransi Indonesia Tbk's Shiller PE Ratio of today is 4.76.

During the past 13 years, the highest Shiller PE Ratio of PT Maskapai Reasuransi Indonesia Tbk was 22.88. The lowest was 3.57. And the median was 5.75.


PT Maskapai Reasuransi Indonesia Tbk  (ISX:MREI) 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 Maskapai Reasuransi Indonesia Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=920.00/193.45
=4.76

* 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 Maskapai Reasuransi Indonesia Tbk was 22.88. The lowest was 3.57. And the median was 5.75.


Be Aware

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


PT Maskapai Reasuransi Indonesia Tbk E10 Related Terms


PT Maskapai Reasuransi Indonesia Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Maskapai Reasuransi 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 Maskapai Reasuransi Indonesia Tbk E10 Chart

PT Maskapai Reasuransi Indonesia Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 239.34 218.65 193.34

PT Maskapai Reasuransi Indonesia Tbk Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 212.38 193.34 189.06 193.25 193.45

ISX:MREI vs RGA, EG, RNR: E10 Comparison

For the Insurance - Reinsurance subindustry, PT Maskapai Reasuransi 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 Maskapai Reasuransi Indonesia Tbk Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, PT Maskapai Reasuransi Indonesia Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Maskapai Reasuransi Indonesia Tbk's Shiller PE Ratio falls into.


ISX:MREI
63GF Score
PT Maskapai Reasuransi Indonesia Tbk ISX:MREI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Maskapai Reasuransi 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 Maskapai Reasuransi Indonesia Tbk's adjusted earnings per share data for the three months ended in Sep. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=80/133.8190*133.8190
=80.000

Current CPI (Sep. 2025) = 133.8190.

PT Maskapai Reasuransi Indonesia Tbk Quarterly Data

per share eps CPI Adj_EPS
201512 144.454 102.133 189.270
201603 67.141 102.764 87.431
201606 103.076 103.212 133.642
201609 8.511 104.142 10.936
201612 159.596 105.222 202.971
201703 63.359 106.476 79.630
201706 118.207 107.722 146.845
201709 39.435 108.020 48.853
201712 145.151 109.017 178.174
201803 81.000 110.097 98.453
201806 87.000 111.085 104.805
201809 -10.000 111.135 -12.041
201812 114.000 112.430 135.688
201903 86.000 112.829 101.999
201906 109.000 114.730 127.135
201909 53.000 114.905 61.724
201912 98.000 115.486 113.557
202003 62.000 116.252 71.369
202006 13.000 116.630 14.916
202009 43.000 116.397 49.436
202012 85.000 117.318 96.955
202103 75.000 117.840 85.170
202106 -27.000 118.184 -30.572
202109 10.000 118.262 11.315
202112 -620.000 119.516 -694.198
202203 94.000 120.948 104.003
202206 56.000 123.322 60.766
202209 -78.000 125.298 -83.304
202212 0.572 126.098 0.607
202303 55.000 126.953 57.975
202306 26.876 127.663 28.172
202309 -7.000 128.151 -7.310
202312 43.000 129.395 44.470
202403 67.000 130.607 68.648
202406 77.924 130.792 79.728
202409 -11.000 130.361 -11.292
202412 -36.355 131.432 -37.015
202503 98.000 131.948 99.389
202506 36.000 133.241 36.156
202509 80.000 133.819 80.000

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 Rp193.45 mean?
PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) has a E10 of Rp193.45 as of Sep. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Maskapai Reasuransi Indonesia Tbk and its competitors.
Is PT Maskapai Reasuransi Indonesia Tbk's E10 too high?
PT Maskapai Reasuransi Indonesia Tbk's current E10 is Rp193.45. Overall, PT Maskapai Reasuransi Indonesia Tbk has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Maskapai Reasuransi Indonesia Tbk's E10 compare to RGA and EG?
PT Maskapai Reasuransi Indonesia Tbk's E10 of Rp193.45 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 Maskapai Reasuransi Indonesia Tbk and its competitors. PT Maskapai Reasuransi Indonesia Tbk's current E10 is Rp193.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Maskapai Reasuransi Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Maskapai Reasuransi Indonesia Tbk (ISX:MREI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp1,516.72, compared to a current price of Rp920.00 — trading 39.3% below its estimated fair value. The current E10 is Rp193.45. PT Maskapai Reasuransi Indonesia Tbk's overall GF Score™ is 63/100 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 Maskapai Reasuransi Indonesia Tbk (ISX:MREI), the current E10 is Rp193.45 as of Sep. 2025. 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 Maskapai Reasuransi Indonesia Tbk (ISX:MREI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Maskapai Reasuransi Indonesia Tbk stock appears to be undervalued. The current stock price of Rp920.00 is trading 39.3% below its estimated GF Value™ of Rp1,516.72. GuruFocus considers PT Maskapai Reasuransi Indonesia Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MREI:

  • E10: Rp193.45
  • GF Value™: Rp1,516.72 vs. price of Rp920.00 (39.3% below fair value)
  • GF Score™: 63/100 with 2 warning signs

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


PT Maskapai Reasuransi Indonesia Tbk Business Description

Address Jalan Jend. Sudirman Kav. 76-78, Plaza Marein, 18th Floor, Jakarta, IDN, 12910
PT Maskapai Reasuransi Indonesia Tbk is involved in the reinsurance business across Indonesia. Its divisions are Life Reinsurance and General Reinsurance. The company's business offering includes fire, marine cargo, marine hull, motor vehicles, and life reinsurance products. Some of its products include personal accidents, lines, marine, critical illness, disability, and health.
63GF Score

Get the complete analysis for ISX:MREI

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

Rp920.00
Price
Rp1,516.72
GF Value