PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) E10: Rp107.31 (As of Mar. 2026)


ISX:ULTJ PT Ultrajaya Milk Industry & Trading Co Tbk ISX:ULTJ
99 GF Score
Price Rp1,335.00
GF Value Rp1,873.33
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Ultrajaya Milk Industry & Trading Co Tbk E10?

PT Ultrajaya Milk Industry & Trading Co Tbk ISX:ULTJ -1.48% 99 E10 is Rp107.31 as of Mar. 2026. GuruFocus rates ISX:ULTJ with a GF Score™ of 99/100 and a GF Value™ of Rp1,873.33 (Modestly Undervalued). The stock has 3 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 Ultrajaya Milk Industry & Trading Co Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was Rp48.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Rp107.31 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Ultrajaya Milk Industry & Trading Co Tbk's average E10 Growth Rate was 12.30% per year. During the past 3 years, the average E10 Growth Rate was 11.20% per year. During the past 5 years, the average E10 Growth Rate was 11.90% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of PT Ultrajaya Milk Industry & Trading Co Tbk was 12.60% per year. The lowest was 11.20% per year. And the median was 11.90% per year.

As of today (2026-06-28), PT Ultrajaya Milk Industry & Trading Co Tbk's current stock price is Rp1335.00. PT Ultrajaya Milk Industry & Trading Co Tbk's E10 for the quarter that ended in Mar. 2026 was Rp107.31. PT Ultrajaya Milk Industry & Trading Co Tbk's Shiller PE Ratio of today is 12.44.

During the past 13 years, the highest Shiller PE Ratio of PT Ultrajaya Milk Industry & Trading Co Tbk was 30.56. The lowest was 12.02. And the median was 20.36.


PT Ultrajaya Milk Industry & Trading Co Tbk  (ISX:ULTJ) 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 Ultrajaya Milk Industry & Trading Co Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1335.00/107.31
=12.44

* 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 Ultrajaya Milk Industry & Trading Co Tbk was 30.56. The lowest was 12.02. And the median was 20.36.


Be Aware

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


PT Ultrajaya Milk Industry & Trading Co Tbk E10 Related Terms


PT Ultrajaya Milk Industry & Trading Co Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co Tbk E10 Chart

PT Ultrajaya Milk Industry & Trading Co 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 66.63 75.19 84.47 93.42 103.39

PT Ultrajaya Milk Industry & Trading Co 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 95.58 97.99 99.83 103.39 107.31

ISX:ULTJ vs KO, PEP, MNST: E10 Comparison

For the Beverages - Non-Alcoholic subindustry, PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co Tbk Shiller PE Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PT Ultrajaya Milk Industry & Trading Co Tbk's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PT Ultrajaya Milk Industry & Trading Co Tbk's Shiller PE Ratio falls into.


ISX:ULTJ
99GF Score
PT Ultrajaya Milk Industry & Trading Co Tbk ISX:ULTJ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Ultrajaya Milk Industry & Trading Co 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 Ultrajaya Milk Industry & Trading Co 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)
=48/136.5387*136.5387
=48.000

Current CPI (Mar. 2026) = 136.5387.

PT Ultrajaya Milk Industry & Trading Co Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 11.500 103.212 15.213
201609 21.250 104.142 27.860
201612 13.750 105.222 17.842
201703 21.000 106.476 26.929
201706 11.980 107.722 15.185
201709 23.000 108.020 29.072
201712 5.000 109.017 6.262
201803 14.000 110.097 17.362
201806 16.612 111.085 20.418
201809 21.704 111.135 26.665
201812 7.000 112.430 8.501
201903 26.000 112.829 31.464
201906 18.000 114.730 21.422
201909 26.000 114.905 30.895
201912 18.865 115.486 22.304
202003 38.000 116.252 44.631
202006 13.000 116.630 15.219
202009 0.000 116.397 0.000
202012 12.116 117.318 14.101
202103 39.000 117.840 45.189
202106 24.692 118.184 28.527
202109 24.000 118.262 27.709
202112 34.000 119.516 38.843
202203 28.000 120.948 31.609
202206 30.000 123.322 33.215
202209 21.786 125.298 23.740
202212 12.000 126.098 12.994
202303 34.000 126.953 36.567
202306 24.576 127.663 26.285
202309 31.000 128.151 33.029
202312 22.000 129.395 23.215
202403 39.000 130.607 40.771
202406 33.664 130.792 35.143
202409 12.000 130.361 12.569
202412 24.000 131.432 24.933
202503 35.000 131.948 36.218
202506 22.997 133.241 23.566
202509 34.000 133.819 34.691
202512 37.739 135.271 38.093
202603 48.000 136.539 48.000

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 Rp107.31 mean?
PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) has a E10 of Rp107.31 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Ultrajaya Milk Industry & Trading Co Tbk and its competitors.
Is PT Ultrajaya Milk Industry & Trading Co Tbk's E10 too high?
PT Ultrajaya Milk Industry & Trading Co Tbk's current E10 is Rp107.31. Overall, PT Ultrajaya Milk Industry & Trading Co Tbk has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Ultrajaya Milk Industry & Trading Co Tbk's E10 compare to KO and PEP?
PT Ultrajaya Milk Industry & Trading Co Tbk's E10 of Rp107.31 can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good E10 depends on the Beverages - Non-Alcoholic 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 Ultrajaya Milk Industry & Trading Co Tbk and its competitors. PT Ultrajaya Milk Industry & Trading Co Tbk's current E10 is Rp107.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ultrajaya Milk Industry & Trading Co Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,873.33, compared to a current price of Rp1,335.00 — trading 28.7% below its estimated fair value. The current E10 is Rp107.31. PT Ultrajaya Milk Industry & Trading Co Tbk's overall GF Score™ is 99/100 with 3 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 Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ), the current E10 is Rp107.31 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 Ultrajaya Milk Industry & Trading Co Tbk (ISX:ULTJ) Overvalued in 2026?

Based on GuruFocus' analysis, PT Ultrajaya Milk Industry & Trading Co Tbk stock appears to be undervalued. The current stock price of Rp1,335.00 is trading 28.7% below its estimated GF Value™ of Rp1,873.33. GuruFocus considers PT Ultrajaya Milk Industry & Trading Co Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ULTJ:

  • E10: Rp107.31
  • GF Value™: Rp1,873.33 vs. price of Rp1,335.00 (28.7% below fair value)
  • GF Score™: 99/100 with 3 warning signs

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


PT Ultrajaya Milk Industry & Trading Co Tbk Business Description

Address Jalan Raya Cimareme 131, Padalarang, Kabupaten Bandung Barat, West Java, Bandung, IDN, 40552
PT Ultrajaya Milk Industry & Trading Co Tbk is in the business of producing dairy products, beverages, and healthy drink products with ultra-high temperature technology and aseptic packaging. Its products are Freshmilk, Tea drink, Health drinks, Sweetened condensed creamer, and others. The company operates in two operating segments: Beverages and Food. It derives the majority of its revenues from the Beverages segment.
99GF Score

Get the complete analysis for ISX:ULTJ

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

Rp1,335.00
Price
Rp1,873.33
GF Value