PT Argha Karya Prima Industry Tbk (ISX:AKPI) Cyclically Adjusted Book per Share: Rp2,687.05 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:AKPI PT Argha Karya Prima Industry Tbk ISX:AKPI
58 GF Score
Price Rp498.00
GF Value Rp614.22
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is PT Argha Karya Prima Industry Tbk Cyclically Adjusted Book per Share?

PT Argha Karya Prima Industry Tbk ISX:AKPI +0.81% 58 Cyclically Adjusted Book per Share is Rp2,687.05 as of Mar. 2026. GuruFocus rates ISX:AKPI with a GF Score™ of 58/100 and a GF Value™ of Rp614.22 (Modestly Undervalued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

PT Argha Karya Prima Industry Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp2,986.795. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is Rp2,687.05 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Argha Karya Prima Industry Tbk's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% 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 Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PT Argha Karya Prima Industry Tbk was 6.60% per year. The lowest was 4.70% per year. And the median was 6.05% per year.

As of today (2026-07-28), PT Argha Karya Prima Industry Tbk's current stock price is Rp498.00. PT Argha Karya Prima Industry Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp2,687.05. PT Argha Karya Prima Industry Tbk's Cyclically Adjusted PB Ratio of today is 0.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Argha Karya Prima Industry Tbk was 0.82. The lowest was 0.14. And the median was 0.26.


PT Argha Karya Prima Industry Tbk  (ISX:AKPI) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

PT Argha Karya Prima Industry Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=498.00/2687.05
=0.19

* 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 Cyclically Adjusted PB Ratio of PT Argha Karya Prima Industry Tbk was 0.82. The lowest was 0.14. And the median was 0.26.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


PT Argha Karya Prima Industry Tbk Cyclically Adjusted Book per Share Related Terms


PT Argha Karya Prima Industry Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Argha Karya Prima Industry Tbk's Cyclically Adjusted Book per Share 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 Argha Karya Prima Industry Tbk Cyclically Adjusted Book per Share Chart

PT Argha Karya Prima Industry Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,100.10 2,308.00 2,432.99 2,519.29 2,647.67

PT Argha Karya Prima Industry Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 2,546.37 2,583.56 2,609.69 2,647.67 2,687.05

ISX:AKPI vs SW, PKG, IP: Cyclically Adjusted Book per Share Comparison

For the Packaging & Containers subindustry, PT Argha Karya Prima Industry Tbk's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Argha Karya Prima Industry Tbk Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Argha Karya Prima Industry Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Argha Karya Prima Industry Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:AKPI
58GF Score
PT Argha Karya Prima Industry Tbk ISX:AKPI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Argha Karya Prima Industry Tbk Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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 Argha Karya Prima Industry Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2986.795/136.5387*136.5387
=2,986.795

Current CPI (Mar. 2026) = 136.5387.

PT Argha Karya Prima Industry Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201603 1,782.331 102.764 2,368.119
201606 1,799.160 103.212 2,380.094
201609 1,789.634 104.142 2,346.348
201612 1,829.590 105.222 2,374.124
201703 1,837.698 106.476 2,356.560
201709 1,855.248 108.020 2,345.049
201712 1,840.310 109.017 2,304.904
201803 1,883.835 110.097 2,336.281
201806 0.000 111.085 0.000
201809 1,989.674 111.135 2,444.493
201812 2,015.397 112.430 2,447.567
201903 2,012.542 112.829 2,435.465
201906 1,993.808 114.730 2,372.801
201909 2,001.772 114.905 2,378.663
201912 2,033.540 115.486 2,404.249
202003 2,405.702 116.252 2,825.505
202006 2,099.530 116.630 2,457.923
202009 2,188.457 116.397 2,567.163
202012 2,146.145 117.318 2,497.755
202103 2,248.534 117.840 2,605.333
202106 2,253.531 118.184 2,603.520
202109 2,372.624 118.262 2,739.306
202112 2,402.990 119.516 2,745.246
202203 2,589.612 120.948 2,923.419
202206 2,734.536 123.322 3,027.593
202209 2,836.154 125.298 3,090.580
202212 2,851.408 126.098 3,087.507
202303 2,795.069 126.953 3,006.125
202306 2,751.746 127.663 2,943.062
202309 2,787.999 128.151 2,970.469
202312 2,698.307 129.395 2,847.283
202403 2,784.566 130.607 2,911.031
202406 2,879.262 130.792 3,005.779
202409 2,708.154 130.361 2,836.493
202412 2,833.140 131.432 2,943.231
202503 2,919.720 131.948 3,021.293
202506 2,858.223 133.241 2,928.972
202509 2,939.546 133.819 2,999.289
202512 2,902.365 135.271 2,929.563
202603 2,986.795 136.539 2,986.795

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of Rp2,687.05 mean?
PT Argha Karya Prima Industry Tbk (ISX:AKPI) has a Cyclically Adjusted Book per Share of Rp2,687.05 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Argha Karya Prima Industry Tbk and its competitors.
Is PT Argha Karya Prima Industry Tbk's Cyclically Adjusted Book per Share too high?
PT Argha Karya Prima Industry Tbk's current Cyclically Adjusted Book per Share is Rp2,687.05. Overall, PT Argha Karya Prima Industry Tbk has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Argha Karya Prima Industry Tbk's Cyclically Adjusted Book per Share compare to SW and PKG?
PT Argha Karya Prima Industry Tbk's Cyclically Adjusted Book per Share of Rp2,687.05 can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Packaging & Containers company?
A good Cyclically Adjusted Book per Share depends on the Packaging & Containers industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Argha Karya Prima Industry Tbk and its competitors. PT Argha Karya Prima Industry Tbk's current Cyclically Adjusted Book per Share is Rp2,687.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Argha Karya Prima Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Argha Karya Prima Industry Tbk (ISX:AKPI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp614.22, compared to a current price of Rp498.00 — trading 18.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp2,687.05. PT Argha Karya Prima Industry Tbk's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For PT Argha Karya Prima Industry Tbk (ISX:AKPI), the current Cyclically Adjusted Book per Share is Rp2,687.05 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 Argha Karya Prima Industry Tbk (ISX:AKPI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Argha Karya Prima Industry Tbk stock appears to be undervalued. The current stock price of Rp498.00 is trading 18.9% below its estimated GF Value™ of Rp614.22. GuruFocus considers PT Argha Karya Prima Industry Tbk to be Modestly Undervalued.

Key valuation signals for ISX:AKPI:

  • Cyclically Adjusted Book per Share: Rp2,687.05
  • GF Value™: Rp614.22 vs. price of Rp498.00 (18.9% below fair value)
  • GF Score™: 58/100 with 7 warning signs

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


PT Argha Karya Prima Industry Tbk Business Description

Address Jl. Jend Sudirman Kav. 52-53, Kelurahan Senayan, Kecamatan Kebayoran Baru, Prosperity Tower, Floor 51, District 8, SCBD Lot. 28, Jakarta Selatan, Jakarta, IDN, 12190
PT Argha Karya Prima Industry Tbk is engaged in the production and distribution of flexible packaging of Biaxially Oriented Poly Propylene (BOPP) film and Polyester (PET) film. It produces plastic films based on Polypropylene (PP) and Polyethylene Terephthalate (PET), which are marketed in the form of BOPP (Biaxially Oriented Polypropylene), BOPET (Biaxially Oriented Polyethylene Terephthalate), and CPP (Cast Polypropylene). The company markets its products under the trademarks ARLENE is used for BOPP products, ARETA for BOPET or polyester products, and ARCYLENE for CPP products. Its products are applied, among others, for food packaging, cigarette packaging, paper lamination, labels, as well as various other packaging needs. It operates in two segments manufacturing and distribution.
58GF Score

Get the complete analysis for ISX:AKPI

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp498.00
Price
Rp614.22
GF Value