PT Calculus Global Ventures Tbk (ISX:STAR) E10: Rp1.24 (As of Mar. 2026)


ISX:STAR PT Calculus Global Ventures Tbk ISX:STAR
59 GF Score
Price Rp280.00
GF Value Rp111.36
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Calculus Global Ventures Tbk E10?

PT Calculus Global Ventures Tbk ISX:STAR 59 E10 is Rp1.24 as of Mar. 2026. GuruFocus rates ISX:STAR with a GF Score™ of 59/100 and a GF Value™ of Rp111.36 (Significantly Overvalued). The stock has 1 warning sign 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 Calculus Global Ventures Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp1.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp1.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Calculus Global Ventures Tbk's average E10 Growth Rate was 79.70% per year. During the past 3 years, the average E10 Growth Rate was 31.20% per year. During the past 5 years, the average E10 Growth Rate was 27.00% 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 Calculus Global Ventures Tbk was 31.20% per year. The lowest was 11.10% per year. And the median was 27.60% per year.

As of today (2026-07-01), PT Calculus Global Ventures Tbk's current stock price is Rp280.00. PT Calculus Global Ventures Tbk's E10 for the quarter that ended in Mar. 2026 was Rp1.24. PT Calculus Global Ventures Tbk's Shiller PE Ratio of today is 225.81.

During the past 13 years, the highest Shiller PE Ratio of PT Calculus Global Ventures Tbk was 690.27. The lowest was 27.54. And the median was 266.67.


PT Calculus Global Ventures Tbk  (ISX:STAR) 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 Calculus Global Ventures Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=280.00/1.24
=225.81

* 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 Calculus Global Ventures Tbk was 690.27. The lowest was 27.54. And the median was 266.67.


Be Aware

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


PT Calculus Global Ventures Tbk E10 Related Terms


PT Calculus Global Ventures Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Calculus Global Ventures 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 Calculus Global Ventures Tbk E10 Chart

PT Calculus Global Ventures 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 0.46 0.50 0.54 0.63 1.13

PT Calculus Global Ventures 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 0.69 0.72 0.81 1.13 1.24

ISX:STAR vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, PT Calculus Global Ventures 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 Calculus Global Ventures Tbk Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Calculus Global Ventures Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Calculus Global Ventures Tbk's Shiller PE Ratio falls into.


ISX:STAR
59GF Score
PT Calculus Global Ventures Tbk ISX:STAR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Calculus Global Ventures 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 Calculus Global Ventures 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)
=1.02/136.5387*136.5387
=1.020

Current CPI (Mar. 2026) = 136.5387.

PT Calculus Global Ventures Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 0.070 103.212 0.093
201609 -0.073 104.142 -0.096
201612 0.035 105.222 0.045
201703 0.010 106.476 0.013
201706 0.015 107.722 0.019
201709 -0.020 108.020 -0.025
201712 0.077 109.017 0.096
201803 0.017 110.097 0.021
201806 0.001 111.085 0.001
201809 -0.013 111.135 -0.016
201812 -0.001 112.430 -0.001
201903 0.022 112.829 0.027
201906 -0.001 114.730 -0.001
201909 0.142 114.905 0.169
201912 0.243 115.486 0.287
202003 0.035 116.252 0.041
202006 0.235 116.630 0.275
202009 0.683 116.397 0.801
202012 0.257 117.318 0.299
202103 0.565 117.840 0.655
202106 0.837 118.184 0.967
202109 0.426 118.262 0.492
202112 0.361 119.516 0.412
202203 0.325 120.948 0.367
202206 -0.159 123.322 -0.176
202209 0.111 125.298 0.121
202212 0.086 126.098 0.093
202303 0.217 126.953 0.233
202306 -0.005 127.663 -0.005
202309 0.391 128.151 0.417
202312 -0.035 129.395 -0.037
202403 0.165 130.607 0.172
202406 -0.138 130.792 -0.144
202409 0.703 130.361 0.736
202412 0.150 131.432 0.156
202503 0.700 131.948 0.724
202506 0.465 133.241 0.477
202509 0.572 133.819 0.584
202512 3.040 135.271 3.068
202603 1.020 136.539 1.020

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 Rp1.24 mean?
PT Calculus Global Ventures Tbk (ISX:STAR) has a E10 of Rp1.24 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Calculus Global Ventures Tbk and its competitors.
Is PT Calculus Global Ventures Tbk's E10 too high?
PT Calculus Global Ventures Tbk's current E10 is Rp1.24. Overall, PT Calculus Global Ventures Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Calculus Global Ventures Tbk's E10 compare to BLK and BX?
PT Calculus Global Ventures Tbk's E10 of Rp1.24 can be compared against companies in the Asset Management 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 Asset Management company?
A good E10 depends on the Asset Management 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 Calculus Global Ventures Tbk and its competitors. PT Calculus Global Ventures Tbk's current E10 is Rp1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Calculus Global Ventures Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk (ISX:STAR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp111.36, compared to a current price of Rp280.00 — trading 151.4% above its estimated fair value. The current E10 is Rp1.24. PT Calculus Global Ventures Tbk's overall GF Score™ is 59/100 with 1 warning sign 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 Calculus Global Ventures Tbk (ISX:STAR), the current E10 is Rp1.24 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 Calculus Global Ventures Tbk (ISX:STAR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk stock appears to be overvalued. The current stock price of Rp280.00 is trading 151.4% above its estimated GF Value™ of Rp111.36. GuruFocus considers PT Calculus Global Ventures Tbk to be Significantly Overvalued.

Key valuation signals for ISX:STAR:

  • E10: Rp1.24
  • GF Value™: Rp111.36 vs. price of Rp280.00 (151.4% above fair value)
  • GF Score™: 59/100 with 1 warning sign

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


PT Calculus Global Ventures Tbk Business Description

Address Jalan MH. Thamrin Number 1, Menara BCA Lot 45, Grand Indonesia, Jakarta Pusat, Jakarta, IDN, 10310
PT Calculus Global Ventures Tbk, formerly known as PT Buana Artha Anugerah Tbk, operates in the business area of investment management, particularly in asset management. The company is engaged in the management consulting business. The products of the company consist of mutual funds includes including foster equity fund, foster fixed income, and foster money market and management of securities portfolio. The company segments consist of investment management services and others.
59GF Score

Get the complete analysis for ISX:STAR

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

Rp280.00
Price
Rp111.36
GF Value