Elnusa Tbk PT
IDX:ELSA

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Elnusa Tbk PT Logo
Elnusa Tbk PT
IDX:ELSA
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Price: 830 IDR
Market Cap: Rp6.1T

EV/S

0.2
Current
88%
More Expensive
vs 3-y average of 0.1

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.2
=
Enterprise Value
Rp2.5T
/
Revenue
Rp14.5T

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.2
=
Enterprise Value
Rp2.5T
/
Revenue
Rp14.5T

Valuation Scenarios

Elnusa Tbk PT is trading above its 3-year average

If EV/S returns to its 3-Year Average (0.1), the stock would be worth Rp442.1 (47% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-47%
Maximum Upside
+1 522%
Average Upside
491%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.2 Rp830
0%
3-Year Average 0.1 Rp442.1
-47%
5-Year Average 0.2 Rp577.31
-30%
Industry Average 3.9 Rp13 462.24
+1 522%
Country Average 1.5 Rp5 125.95
+518%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
Rp2.5T
/
Jan 2026
Rp14.5T
=
0.2
Current
Rp2.5T
/
Dec 2026
Rp16.1T
=
0.2
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
ID
Elnusa Tbk PT
IDX:ELSA
6.1T IDR 0.2 8.4
US
Schlumberger NV
NYSE:SLB
83.2B USD 2.5 25
US
Baker Hughes Co
NASDAQ:BKR
67.1B USD 2.4 21.5
US
Halliburton Co
NYSE:HAL
34.1B USD 1.8 22.1
LU
Tenaris SA
MIL:TEN
27.2B EUR 2.5 16.7
UK
TechnipFMC PLC
NYSE:FTI
30.2B USD 3 31.4
CN
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
128B CNY 7.2 45.7
UK
Subsea 7 SA
OSE:SUBC
95.5B NOK 1.4 25
IT
Saipem SpA
MIL:SPM
8.8B EUR 0.4 18.7
FR
Technip Energies NV
PAR:TE
7.1B EUR 0.7 19.4
US
Weatherford International PLC
NASDAQ:WFRD
7.9B USD 1.7 17.1

Market Distribution

Lower than 79% of companies in Indonesia
Percentile
21st
Based on 857 companies
21st percentile
0.2
Low
0 — 0.6
Typical Range
0.6 — 3.3
High
3.3 —
Distribution Statistics
Indonesia
Min 0
30th Percentile 0.6
Median 1.5
70th Percentile 3.3
Max 414 768.4

Elnusa Tbk PT
Glance View

Market Cap
6.1T IDR
Industry
N/A

PT Elnusa Tbk engages in the provision of oil and gas services. The company is headquartered in Jakarta, Dki Jakarta and currently employs 1,448 full-time employees. The company went IPO on 2008-02-06. The Company’s business activities and structures are grouped into three segments: oil and gas upstream operation services, which are consisting of geoscience services, drilling services and oilfield services; oil and gas downstream operation services, which are including storage, distribution, trading and marketing of oil and gas Products in Indonesia; oil and gas upstream support services, which are including threading, trading, oil country tubular goods (OCTG) casing pipe, fabrication, engineering, procurement and construction (EPC) projects, oil and gas data management and documentation, and other support services. Its subsidiaries are including PT Sigma Cipta Utama, PT Elnusa Fabrikasi Konstruksi, PT Elnusa Petrofin, PT Elnusa Patra Ritel and PT Patra Nusa Data. On August 21, 2014, the Company announced that it has established two new subsidiaries, namely PT Elnusa Oilfield Services and Elnusa Geosains Indonesia.

ELSA Intrinsic Value
1 799.5 IDR
Undervaluation 54%
Intrinsic Value
Price Rp830
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