PT Semen Baturaja (Persero) Tbk (ISX:SMBR) E10: Rp12.16 (As of Mar. 2026)


ISX:SMBR PT Semen Baturaja (Persero) Tbk ISX:SMBR
73 GF Score
Price Rp152.00
GF Value Rp272.40
Valuation Possible Value Trap
! 4 Warning Signs
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What is PT Semen Baturaja (Persero) Tbk E10?

PT Semen Baturaja (Persero) Tbk ISX:SMBR -2.56% 73 E10 is Rp12.16 as of Mar. 2026. GuruFocus rates ISX:SMBR with a GF Score™ of 73/100 and a GF Value™ of Rp272.40 (Possible Value Trap). 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 Semen Baturaja (Persero) Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp2.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp12.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Semen Baturaja (Persero) Tbk's average E10 Growth Rate was -16.10% per year. During the past 3 years, the average E10 Growth Rate was -25.10% 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 Semen Baturaja (Persero) Tbk was -25.10% per year. The lowest was -25.10% per year. And the median was -25.10% per year.

As of today (2026-06-28), PT Semen Baturaja (Persero) Tbk's current stock price is Rp152.00. PT Semen Baturaja (Persero) Tbk's E10 for the quarter that ended in Mar. 2026 was Rp12.16. PT Semen Baturaja (Persero) Tbk's Shiller PE Ratio of today is 12.50.

During the past 13 years, the highest Shiller PE Ratio of PT Semen Baturaja (Persero) Tbk was 25.31. The lowest was 10.18. And the median was 16.13.


PT Semen Baturaja (Persero) Tbk  (ISX:SMBR) 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 Semen Baturaja (Persero) Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=152.00/12.16
=12.50

* 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 Semen Baturaja (Persero) Tbk was 25.31. The lowest was 10.18. And the median was 16.13.


Be Aware

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


PT Semen Baturaja (Persero) Tbk E10 Related Terms


PT Semen Baturaja (Persero) Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Semen Baturaja (Persero) 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 Semen Baturaja (Persero) Tbk E10 Chart

PT Semen Baturaja (Persero) 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 0.00 29.20 17.73 15.03 12.25

PT Semen Baturaja (Persero) 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 14.50 13.72 13.13 12.25 12.16

ISX:SMBR vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, PT Semen Baturaja (Persero) 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 Semen Baturaja (Persero) Tbk Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Semen Baturaja (Persero) Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Semen Baturaja (Persero) Tbk's Shiller PE Ratio falls into.


ISX:SMBR
73GF Score
PT Semen Baturaja (Persero) Tbk ISX:SMBR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Semen Baturaja (Persero) 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 Semen Baturaja (Persero) 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)
=2/136.5387*136.5387
=2.000

Current CPI (Mar. 2026) = 136.5387.

PT Semen Baturaja (Persero) Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 7.000 103.212 9.260
201609 7.342 104.142 9.626
201612 8.000 105.222 10.381
201703 3.000 106.476 3.847
201706 2.875 107.722 3.644
201709 4.748 108.020 6.002
201712 3.941 109.017 4.936
201803 1.000 110.097 1.240
201806 1.000 111.085 1.229
201809 2.000 111.135 2.457
201812 3.543 112.430 4.303
201903 0.416 112.829 0.503
201906 0.345 114.730 0.411
201909 1.000 114.905 1.188
201912 1.000 115.486 1.182
202003 -6.000 116.252 -7.047
202006 -8.000 116.630 -9.366
202009 2.519 116.397 2.955
202012 12.000 117.318 13.966
202103 2.000 117.840 2.317
202106 -1.733 118.184 -2.002
202109 1.406 118.262 1.623
202112 3.000 119.516 3.427
202203 1.000 120.948 1.129
202206 0.685 123.322 0.758
202209 2.000 125.298 2.179
202212 3.440 126.098 3.725
202303 1.000 126.953 1.076
202306 0.698 127.663 0.747
202309 3.000 128.151 3.196
202312 6.807 129.395 7.183
202403 1.000 130.607 1.045
202406 0.000 130.792 0.000
202409 2.849 130.361 2.984
202412 9.000 131.432 9.350
202503 5.000 131.948 5.174
202506 3.000 133.241 3.074
202509 6.714 133.819 6.850
202512 2.000 135.271 2.019
202603 2.000 136.539 2.000

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 Rp12.16 mean?
PT Semen Baturaja (Persero) Tbk (ISX:SMBR) has a E10 of Rp12.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Semen Baturaja (Persero) Tbk and its competitors.
Is PT Semen Baturaja (Persero) Tbk's E10 too high?
PT Semen Baturaja (Persero) Tbk's current E10 is Rp12.16. Overall, PT Semen Baturaja (Persero) Tbk has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Semen Baturaja (Persero) Tbk's E10 compare to CRH and VMC?
PT Semen Baturaja (Persero) Tbk's E10 of Rp12.16 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Semen Baturaja (Persero) Tbk and its competitors. PT Semen Baturaja (Persero) Tbk's current E10 is Rp12.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Semen Baturaja (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Semen Baturaja (Persero) Tbk (ISX:SMBR) is currently considered Possible Value Trap. The stock's GF Value™ is Rp272.40, compared to a current price of Rp152.00 — trading 44.2% below its estimated fair value. The current E10 is Rp12.16. PT Semen Baturaja (Persero) Tbk's overall GF Score™ is 73/100 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 Semen Baturaja (Persero) Tbk (ISX:SMBR), the current E10 is Rp12.16 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 Semen Baturaja (Persero) Tbk (ISX:SMBR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Semen Baturaja (Persero) Tbk stock appears to be undervalued. The current stock price of Rp152.00 is trading 44.2% below its estimated GF Value™ of Rp272.40. GuruFocus considers PT Semen Baturaja (Persero) Tbk to be Possible Value Trap.

Key valuation signals for ISX:SMBR:

  • E10: Rp12.16
  • GF Value™: Rp272.40 vs. price of Rp152.00 (44.2% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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


PT Semen Baturaja (Persero) Tbk Business Description

Address Jalan Abikusno Cokrosuyoso Kertapati, P.O. Box 1175, Palembang, IDN, 30258
PT Semen Baturaja (Persero) Tbk is an Indonesian-based company engaged in cement manufacturing. Its product portfolio includes Ordinary Portland Cement (OPC) Type II, Ordinary Portland Cement (OPC) Type V, and Ordinary Portland Cement (OPC) Type I. The company's geographical segment includes South Sumatra, Lampung, Jambi, and Jakarta. It generates maximum revenue from the South Sumatra region. The company generates the majority of its revenue from the sale of cement products.
73GF Score

Get the complete analysis for ISX:SMBR

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

Rp152.00
Price
Rp272.40
GF Value