PT Jasa Marga (Persero) Tbk (STU:0JM) E10: €0.02 (As of Mar. 2026)


STU:0JM PT Jasa Marga (Persero) Tbk STU:0JM
81 GF Score
Price €0.12
GF Value €0.18
! 6 Warning Signs
View Full Analysis

What is PT Jasa Marga (Persero) Tbk E10?

PT Jasa Marga (Persero) Tbk STU:0JM +2.48% 81 E10 is €0.02 as of Mar. 2026. GuruFocus rates STU:0JM with a GF Score™ of 81/100 and a GF Value™ of €0.18. 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 Jasa Marga (Persero) Tbk's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.005. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Jasa Marga (Persero) Tbk's average E10 Growth Rate was 8.20% per year. During the past 3 years, the average E10 Growth Rate was 14.80% per year. During the past 5 years, the average E10 Growth Rate was 11.70% 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 Jasa Marga (Persero) Tbk was 14.80% per year. The lowest was 0.60% per year. And the median was 12.40% per year.

As of today (2026-06-25), PT Jasa Marga (Persero) Tbk's current stock price is €0.124. PT Jasa Marga (Persero) Tbk's E10 for the quarter that ended in Mar. 2026 was €0.02. PT Jasa Marga (Persero) Tbk's Shiller PE Ratio of today is 6.20.

During the past 13 years, the highest Shiller PE Ratio of PT Jasa Marga (Persero) Tbk was 22.98. The lowest was 5.97. And the median was 13.63.


PT Jasa Marga (Persero) Tbk  (STU:0JM) 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 Jasa Marga (Persero) Tbk's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.124/0.02
=6.20

* 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 Jasa Marga (Persero) Tbk was 22.98. The lowest was 5.97. And the median was 13.63.


Be Aware

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


PT Jasa Marga (Persero) Tbk E10 Related Terms


PT Jasa Marga (Persero) Tbk E10 Historical Data

* Premium members only.

The historical data trend for PT Jasa Marga (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 Jasa Marga (Persero) Tbk E10 Chart

PT Jasa Marga (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 0.01 0.02 0.02 0.02 0.02

PT Jasa Marga (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 0.02 0.02 0.02 0.02 0.02

PT Jasa Marga (Persero) Tbk E10 Competitor Comparison

For the Infrastructure Operations subindustry, PT Jasa Marga (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 Jasa Marga (Persero) Tbk Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Shiller PE Ratio distribution charts can be found below:

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


STU:0JM
81GF Score
PT Jasa Marga (Persero) Tbk STU:0JM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Jasa Marga (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 Jasa Marga (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)
=0.005/136.5387*136.5387
=0.005

Current CPI (Mar. 2026) = 136.5387.

PT Jasa Marga (Persero) Tbk Quarterly Data

per share eps CPI Adj_EPS
201606 0.005 103.212 0.007
201609 0.004 104.142 0.005
201612 0.005 105.222 0.006
201703 0.005 106.476 0.006
201706 0.004 107.722 0.005
201709 0.008 108.020 0.010
201712 0.003 109.017 0.004
201803 0.005 110.097 0.006
201806 0.004 111.085 0.005
201809 0.006 111.135 0.007
201812 0.004 112.430 0.005
201903 0.005 112.829 0.006
201906 0.004 114.730 0.005
201909 0.004 114.905 0.005
201912 0.006 115.486 0.007
202003 0.005 116.252 0.006
202006 -0.004 116.630 -0.005
202009 0.000 116.397 0.000
202012 0.003 117.318 0.003
202103 0.001 117.840 0.001
202106 0.006 118.184 0.007
202109 -0.001 118.262 -0.001
202112 0.007 119.516 0.008
202203 0.003 120.948 0.003
202206 0.003 123.322 0.003
202209 0.003 125.298 0.003
202212 0.014 126.098 0.015
202303 0.023 126.953 0.025
202306 -0.019 127.663 -0.020
202309 0.041 128.151 0.044
202312 0.007 129.395 0.007
202403 0.005 130.607 0.005
202406 0.014 130.792 0.015
202409 0.008 130.361 0.008
202412 0.010 131.432 0.010
202503 0.007 131.948 0.007
202506 0.007 133.241 0.007
202509 0.006 133.819 0.006
202512 0.007 135.271 0.007
202603 0.005 136.539 0.005

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 €0.02 mean?
PT Jasa Marga (Persero) Tbk (STU:0JM) has a E10 of €0.02 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PT Jasa Marga (Persero) Tbk and its competitors.
Is PT Jasa Marga (Persero) Tbk's E10 too high?
PT Jasa Marga (Persero) Tbk's current E10 is €0.02. Overall, PT Jasa Marga (Persero) Tbk has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Marga (Persero) Tbk's E10 compare to competitors?
PT Jasa Marga (Persero) Tbk's E10 of €0.02 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 Jasa Marga (Persero) Tbk and its competitors. PT Jasa Marga (Persero) Tbk's current E10 is €0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jasa Marga (Persero) Tbk stock overvalued right now?
PT Jasa Marga (Persero) Tbk (STU:0JM) has a current E10 of €0.02. The stock's GF Value™ is €0.18, compared to a current price of €0.12 — trading 31.1% below its estimated fair value. The current E10 is €0.02. PT Jasa Marga (Persero) Tbk's overall GF Score™ is 81/100 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 Jasa Marga (Persero) Tbk (STU:0JM), the current E10 is €0.02 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 Jasa Marga (Persero) Tbk (STU:0JM) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk stock appears to be undervalued. The current stock price of €0.12 is trading 31.1% below its estimated GF Value™ of €0.18.

Key valuation signals for STU:0JM:

  • E10: €0.02
  • GF Value™: €0.18 vs. price of €0.12 (31.1% below fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the STU:0JM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Jasa Marga (Persero) Tbk Business Description

Address Plaza Tol Taman Mini Indonesia Indah, Kantor Pusat, Jakarta, IDN, 13550
PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.
81GF Score

Get the complete analysis for STU:0JM

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

€0.12
Price
€0.18
GF Value