PT Alkindo Naratama Tbk (ISX:ALDO) Cyclically Adjusted Book per Share: Rp261.51 (As of Jun. 2026)

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ISX:ALDO PT Alkindo Naratama Tbk ISX:ALDO
64 GF Score
Price Rp950.00
GF Value Rp636.67
Valuation Significantly Overvalued
! 9 Warning Signs
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What is PT Alkindo Naratama Tbk Cyclically Adjusted Book per Share?

PT Alkindo Naratama Tbk ISX:ALDO +1.06% 64 Cyclically Adjusted Book per Share is Rp261.51 as of Jun. 2026. GuruFocus rates ISX:ALDO with a GF Score™ of 64/100 and a GF Value™ of Rp636.67 (Significantly Overvalued). The stock has 9 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 Alkindo Naratama Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp411.346. 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 Rp261.51 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Alkindo Naratama Tbk's average Cyclically Adjusted Book Growth Rate was 17.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 18.90% 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 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 Alkindo Naratama Tbk was 19.80% per year. The lowest was 17.70% per year. And the median was 19.40% per year.

As of today (2026-09-11), PT Alkindo Naratama Tbk's current stock price is Rp950.00. PT Alkindo Naratama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp261.51. PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio of today is 3.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Alkindo Naratama Tbk was 5.91. The lowest was 1.82. And the median was 2.42.


PT Alkindo Naratama Tbk  (ISX:ALDO) 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 Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=950.00/261.51
=3.63

* 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 Alkindo Naratama Tbk was 5.91. The lowest was 1.82. And the median was 2.42.


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 Alkindo Naratama Tbk Cyclically Adjusted Book per Share Related Terms


PT Alkindo Naratama Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Alkindo Naratama 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 Alkindo Naratama Tbk Cyclically Adjusted Book per Share Chart

PT Alkindo Naratama 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 118.80 147.97 174.91 204.37 241.25

PT Alkindo Naratama Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 222.43 230.99 241.25 251.26 261.51

ISX:ALDO vs SLVM: Cyclically Adjusted Book per Share Comparison

For the Paper & Paper Products subindustry, PT Alkindo Naratama 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 Alkindo Naratama Tbk Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:ALDO
64GF Score
PT Alkindo Naratama Tbk ISX:ALDO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Alkindo Naratama 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 Alkindo Naratama Tbk's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=411.346/137.6954*137.6954
=411.346

Current CPI (Jun. 2026) = 137.6954.

PT Alkindo Naratama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 73.253 104.142 96.854
201612 74.510 105.222 97.505
201703 78.501 106.476 101.518
201706 78.034 107.722 99.747
201709 80.212 108.020 102.248
201712 149.869 109.017 189.294
201803 84.458 110.097 105.630
201806 85.033 111.085 105.403
201809 89.064 111.135 110.350
201812 184.665 112.430 226.163
201903 162.873 112.829 198.769
201906 0.000 114.730 0.000
201909 176.147 114.905 211.085
201912 181.405 115.486 216.292
202003 185.126 116.252 219.273
202006 189.700 116.630 223.963
202009 196.357 116.397 232.287
202012 201.866 117.318 236.929
202103 208.423 117.840 243.542
202106 214.627 118.184 250.061
202109 224.642 118.262 261.557
202112 268.097 119.516 308.877
202203 277.084 120.948 315.451
202206 281.746 123.322 314.583
202209 285.453 125.298 313.696
202212 292.492 126.098 319.394
202303 292.895 126.953 317.680
202306 294.105 127.663 317.217
202309 301.972 128.151 324.461
202312 297.523 129.395 316.609
202403 302.296 130.607 318.702
202406 297.071 130.792 312.752
202409 384.114 130.361 405.725
202412 377.523 131.432 395.515
202503 380.249 131.948 396.811
202506 379.520 133.241 392.209
202509 384.824 133.819 395.971
202512 389.119 135.271 396.093
202603 394.005 136.539 397.343
202606 411.346 137.695 411.346

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 Rp261.51 mean?
PT Alkindo Naratama Tbk (ISX:ALDO) has a Cyclically Adjusted Book per Share of Rp261.51 as of Jun. 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 Alkindo Naratama Tbk and its competitors.
Is PT Alkindo Naratama Tbk's Cyclically Adjusted Book per Share too high?
PT Alkindo Naratama Tbk's current Cyclically Adjusted Book per Share is Rp261.51. Overall, PT Alkindo Naratama Tbk has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Alkindo Naratama Tbk's Cyclically Adjusted Book per Share compare to SLVM?
PT Alkindo Naratama Tbk's Cyclically Adjusted Book per Share of Rp261.51 can be compared against companies in the Forest Products 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 Forest Products company?
A good Cyclically Adjusted Book per Share depends on the Forest Products 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 Alkindo Naratama Tbk and its competitors. PT Alkindo Naratama Tbk's current Cyclically Adjusted Book per Share is Rp261.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alkindo Naratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk (ISX:ALDO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp636.67, compared to a current price of Rp950.00 — trading 49.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp261.51. PT Alkindo Naratama Tbk's overall GF Score™ is 64/100 with 9 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 Alkindo Naratama Tbk (ISX:ALDO), the current Cyclically Adjusted Book per Share is Rp261.51 as of Jun. 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 Alkindo Naratama Tbk (ISX:ALDO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Alkindo Naratama Tbk stock appears to be overvalued. The current stock price of Rp950.00 is trading 49.2% above its estimated GF Value™ of Rp636.67. GuruFocus considers PT Alkindo Naratama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:ALDO:

  • Cyclically Adjusted Book per Share: Rp261.51
  • GF Value™: Rp636.67 vs. price of Rp950.00 (49.2% above fair value)
  • GF Score™: 64/100 with 9 warning signs

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


PT Alkindo Naratama Tbk Business Description

Address Jalan Industri Cimareme II No. 14, RT:004/RW:005, Cimerang, Padalarang, Bandung Barat, Bandung, IDN
PT Alkindo Naratama Tbk is an Indonesian business group engaged in providing solutions in the field of integrated paper production and chemicals. It converts waste paper into various paper packaging products such as papercore, paperbox, paperbag, papercup, paperbowl, hexa wrap, etc. Additionally, it offers industrial paper solutions by recycling used cardboard into jumbo rolls of brown paper into products such as Kraft Liner, Eco Board, and Core Board. In the Chemicals business, the Group offers water-based polymers, textile dyes, and other chemicals under brands and trademarks like Alfachem, Alfabond, Alfacoat, and Archroma. The Group's operating business segments are: Paper, which generates the maximum revenue, and Chemicals and others.
64GF Score

Get the complete analysis for ISX:ALDO

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

Rp950.00
Price
Rp636.67
GF Value