PT Nusa Raya Cipta Tbk (ISX:NRCA) E10: Rp49.90 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:NRCA PT Nusa Raya Cipta Tbk ISX:NRCA
83 GF Score
Price Rp540.00
GF Value Rp442.85
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT Nusa Raya Cipta Tbk E10?

PT Nusa Raya Cipta Tbk ISX:NRCA 83 E10 is Rp49.90 as of Jun. 2026. GuruFocus rates ISX:NRCA with a GF Score™ of 83/100 and a GF Value™ of Rp442.85 (Modestly Overvalued). The stock has 6 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 Nusa Raya Cipta Tbk's adjusted earnings per share data for the three months ended in Jun. 2026 was Rp21.271. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp49.90 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Nusa Raya Cipta Tbk's average E10 Growth Rate was 6.80% per year. During the past 3 years, the average E10 Growth Rate was -13.80% 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 Nusa Raya Cipta Tbk was -13.80% per year. The lowest was -13.80% per year. And the median was -13.80% per year.

As of today (2026-09-16), PT Nusa Raya Cipta Tbk's current stock price is Rp540.00. PT Nusa Raya Cipta Tbk's E10 for the quarter that ended in Jun. 2026 was Rp49.90. PT Nusa Raya Cipta Tbk's Shiller PE Ratio of today is 10.82.

During the past 13 years, the highest Shiller PE Ratio of PT Nusa Raya Cipta Tbk was 40.74. The lowest was 3.97. And the median was 6.43.


PT Nusa Raya Cipta Tbk  (ISX:NRCA) 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 Nusa Raya Cipta Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=540.00/49.902
=10.82

* 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 Nusa Raya Cipta Tbk was 40.74. The lowest was 3.97. And the median was 6.43.


Be Aware

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


PT Nusa Raya Cipta Tbk E10 Related Terms


PT Nusa Raya Cipta Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk E10 Chart

PT Nusa Raya Cipta 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 63.59 64.67 59.69 49.07 47.10

PT Nusa Raya Cipta Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 46.67 48.81 47.45 47.90 49.90

ISX:NRCA vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Nusa Raya Cipta Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Nusa Raya Cipta Tbk's Shiller PE Ratio falls into.


ISX:NRCA
83GF Score
PT Nusa Raya Cipta Tbk ISX:NRCA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.2711/137.6954*137.6954
=21.271

Current CPI (Jun. 2026) = 137.6954.

PT Nusa Raya Cipta Tbk Quarterly Data

per share eps CPI Adj_EPS
201609 8.000 104.142 10.577
201612 16.000 105.222 20.938
201703 8.000 106.476 10.346
201706 35.000 107.722 44.739
201709 3.000 108.020 3.824
201712 17.000 109.017 21.472
201803 17.000 110.097 21.262
201806 5.000 111.085 6.198
201809 10.798 111.135 13.379
201812 15.556 112.430 19.052
201903 12.019 112.829 14.668
201906 18.318 114.730 21.985
201909 13.224 114.905 15.847
201912 -2.137 115.486 -2.547
202003 11.487 116.252 13.606
202006 6.237 116.630 7.363
202009 9.267 116.397 10.963
202012 -4.302 117.318 -5.049
202103 3.510 117.840 4.101
202106 -0.017 118.184 -0.020
202109 3.097 118.262 3.605
202112 14.677 119.516 16.910
202203 13.632 120.948 15.520
202206 4.377 123.322 4.887
202209 9.358 125.298 10.283
202212 3.383 126.098 3.694
202303 11.931 126.953 12.941
202306 10.131 127.663 10.927
202309 11.957 128.151 12.848
202312 7.150 129.395 7.608
202403 11.897 130.607 12.543
202406 12.770 130.792 13.444
202409 10.383 130.361 10.967
202412 -1.287 131.432 -1.348
202503 17.342 131.948 18.097
202506 14.188 133.241 14.662
202509 32.575 133.819 33.518
202512 7.682 135.271 7.820
202603 15.985 136.539 16.120
202606 21.271 137.695 21.271

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 Rp49.90 mean?
PT Nusa Raya Cipta Tbk (ISX:NRCA) has a E10 of Rp49.90 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Nusa Raya Cipta Tbk and its competitors.
Is PT Nusa Raya Cipta Tbk's E10 too high?
PT Nusa Raya Cipta Tbk's current E10 is Rp49.90. Overall, PT Nusa Raya Cipta Tbk has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Nusa Raya Cipta Tbk's E10 compare to PWR and FIX?
PT Nusa Raya Cipta Tbk's E10 of Rp49.90 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Nusa Raya Cipta Tbk and its competitors. PT Nusa Raya Cipta Tbk's current E10 is Rp49.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Nusa Raya Cipta Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Nusa Raya Cipta Tbk (ISX:NRCA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp442.85, compared to a current price of Rp540.00 — trading 21.9% above its estimated fair value. The current E10 is Rp49.90. PT Nusa Raya Cipta Tbk's overall GF Score™ is 83/100 with 6 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 Nusa Raya Cipta Tbk (ISX:NRCA), the current E10 is Rp49.90 as of Jun. 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 Nusa Raya Cipta Tbk (ISX:NRCA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Nusa Raya Cipta Tbk stock appears to be overvalued. The current stock price of Rp540.00 is trading 21.9% above its estimated GF Value™ of Rp442.85. GuruFocus considers PT Nusa Raya Cipta Tbk to be Modestly Overvalued.

Key valuation signals for ISX:NRCA:

  • E10: Rp49.90
  • GF Value™: Rp442.85 vs. price of Rp540.00 (21.9% above fair value)
  • GF Score™: 83/100 with 6 warning signs

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


PT Nusa Raya Cipta Tbk Business Description

Address Jalan D. I. Panjaitan Number 40, Graha Cipta Building Lantai 2, Jakarta, IDN, 13350
PT Nusa Raya Cipta Tbk is an Indonesian-based company engaged in construction services. The company's project comprises the construction of hotels and resorts, office buildings, apartments, hospitals, malls, shopping centers, and factories. It operates in two business segments: the Building Construction segment, which generates key revenue for the company, and the Hotel and similar business segment. The company conducts its business in multiple locations based on regional offices, namely Jakarta, Denpasar, Semarang, Surabaya, and Medan.
83GF Score

Get the complete analysis for ISX:NRCA

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

Rp540.00
Price
Rp442.85
GF Value