PT Jasa Marga (Persero) Tbk (OTCPK:PTJSY) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
PT Jasa Marga (Persero) Tbk Forward PE Ratio Related Terms
PT Jasa Marga (Persero) Tbk Forward PE Ratio Historical Data
* 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 Forward PE Ratio Chart
PT Jasa Marga (Persero) Tbk Annual Data
Trend
2018-12
2020-12
2021-12
2022-12
2024-12
2025-12
Forward PE Ratio
14.47
14.12
28.74
10.38
8.84
6.95
PT Jasa Marga (Persero) Tbk Quarterly Data
2018-03
2018-12
2019-03
2019-06
2019-09
2020-09
2020-12
2021-09
2021-12
2022-03
2022-12
2023-03
2023-06
2023-09
2024-03
2024-06
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
17.51
14.47
20.70
19.12
18.25
18.32
14.12
16.67
28.74
16.45
10.38
10.44
11.49
8.53
11.38
10.40
8.84
8.72
8.97
8.52
6.95
5.62
PT Jasa Marga (Persero) Tbk Forward PE Ratio Competitor Comparison
For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) Tbk's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Construction Industry
For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where PT Jasa Marga (Persero) Tbk's Forward PE Ratio falls into.
PT Jasa Marga (Persero) Tbk Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
PT Jasa Marga (Persero) Tbk (PTJSY) has a Forward PE Ratio of 6.03 as of Jul. 06, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on PT Jasa Marga (Persero) Tbk and its competitors. According to the industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #64 out of 638 companies in the Construction industry, placing it in the top 10%.
Is PT Jasa Marga (Persero) Tbk's Forward PE Ratio too high?
PT Jasa Marga (Persero) Tbk's current Forward PE Ratio is 6.03. The Construction industry median Forward PE Ratio is 14.13. PT Jasa Marga (Persero) Tbk's value of 6.03 is 57.3% below this industry median. Based on the distribution chart, PT Jasa Marga (Persero) Tbk ranks #64 out of 638 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PT Jasa Marga (Persero) Tbk has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jasa Marga (Persero) Tbk's Forward PE Ratio compare to competitors?
According to the Construction industry distribution chart, PT Jasa Marga (Persero) Tbk ranks #64 out of 638 companies for Forward PE Ratio. This places PT Jasa Marga (Persero) Tbk in the top 10% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 14.13. PT Jasa Marga (Persero) Tbk's value of 6.03 is 57.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Construction company?
The median Forward PE Ratio among Construction companies is 14.13, based on 638 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Jasa Marga (Persero) Tbk's current Forward PE Ratio of 6.03 is 57.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on PT Jasa Marga (Persero) Tbk and its competitors. For the Construction industry, the median Forward PE Ratio is 14.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jasa Marga (Persero) Tbk's current Forward PE Ratio is 6.03. 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?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk (PTJSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.77, compared to a current price of $3.45 — trading 27.7% below its estimated fair value. The current Forward PE Ratio is 6.03 and 57.3% below the Construction industry median of 14.13. PT Jasa Marga (Persero) Tbk's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For PT Jasa Marga (Persero) Tbk (PTJSY), the current Forward PE Ratio is 6.03 as of Jul. 06, 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 (PTJSY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Jasa Marga (Persero) Tbk stock appears to be undervalued.
The current stock price of $3.45 is trading 27.7% below its estimated GF Value™ of $4.77.
GuruFocus considers PT Jasa Marga (Persero) Tbk to be Modestly Undervalued.
Key valuation signals for PTJSY:
Forward PE Ratio: 6.03
GF Value™: $4.77 vs. price of $3.45 (27.7% below fair value)
Industry Position: 57.3% below the Construction median (#64 of 638)
No single metric tells the full story. See the PTJSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
67GF Score
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