PT Atlas Resources Tbk (ISX:ARII) Cyclically Adjusted Book per Share: Rp290.52 (As of Mar. 2026)


ISX:ARII PT Atlas Resources Tbk ISX:ARII
58 GF Score
Price Rp282.00
GF Value Rp320.06
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Atlas Resources Tbk Cyclically Adjusted Book per Share?

PT Atlas Resources Tbk ISX:ARII +0.71% 58 Cyclically Adjusted Book per Share is Rp290.52 as of Mar. 2026. GuruFocus rates ISX:ARII with a GF Score™ of 58/100 and a GF Value™ of Rp320.06 (Modestly Undervalued). The stock has 3 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 Atlas Resources Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp359.656. 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 Rp290.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Atlas Resources Tbk's average Cyclically Adjusted Book Growth Rate was -3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -7.70% 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 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 Atlas Resources Tbk was -5.90% per year. The lowest was -7.70% per year. And the median was -6.80% per year.

As of today (2026-07-01), PT Atlas Resources Tbk's current stock price is Rp282.00. PT Atlas Resources Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp290.52. PT Atlas Resources Tbk's Cyclically Adjusted PB Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Atlas Resources Tbk was 1.25. The lowest was 0.40. And the median was 0.79.


PT Atlas Resources Tbk  (ISX:ARII) 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 Atlas Resources Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=282.00/290.52
=0.97

* 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 Atlas Resources Tbk was 1.25. The lowest was 0.40. And the median was 0.79.


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 Atlas Resources Tbk Cyclically Adjusted Book per Share Related Terms


PT Atlas Resources Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Atlas Resources 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 Atlas Resources Tbk Cyclically Adjusted Book per Share Chart

PT Atlas Resources 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 369.18 370.37 338.69 307.43 291.04

PT Atlas Resources 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 302.39 298.77 293.04 291.04 290.52

PT Atlas Resources Tbk Cyclically Adjusted Book per Share Competitor Comparison

For the Thermal Coal subindustry, PT Atlas Resources 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 Atlas Resources Tbk Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Atlas Resources Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ARII
58GF Score
PT Atlas Resources Tbk ISX:ARII
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Atlas Resources 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 Atlas Resources 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)
=359.656/136.5387*136.5387
=359.656

Current CPI (Mar. 2026) = 136.5387.

PT Atlas Resources Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 357.733 103.212 473.242
201609 336.750 104.142 441.505
201612 281.242 105.222 364.947
201703 275.276 106.476 352.998
201706 266.825 107.722 338.205
201709 253.772 108.020 320.770
201712 215.010 109.017 269.290
201803 205.772 110.097 255.193
201806 206.357 111.085 253.642
201809 210.295 111.135 258.366
201812 76.289 112.430 92.648
201903 269.821 112.829 326.522
201906 309.504 114.730 368.336
201909 212.932 114.905 253.023
201912 210.320 115.486 248.661
202003 194.510 116.252 228.453
202006 200.204 116.630 234.379
202009 175.651 116.397 206.047
202012 142.241 117.318 165.545
202103 126.090 117.840 146.098
202106 152.862 118.184 176.603
202109 166.129 118.262 191.804
202112 181.196 119.516 207.004
202203 194.104 120.948 219.124
202206 260.150 123.322 288.030
202209 317.584 125.298 346.074
202212 305.100 126.098 330.363
202303 299.143 126.953 321.731
202306 299.787 127.663 320.630
202309 295.012 128.151 314.320
202312 299.216 129.395 315.736
202403 290.110 130.607 303.286
202406 309.224 130.792 322.812
202409 271.000 130.361 283.843
202412 314.879 131.432 327.115
202503 373.198 131.948 386.181
202506 338.257 133.241 346.630
202509 324.890 133.819 331.493
202512 327.602 135.271 330.672
202603 359.656 136.539 359.656

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 Rp290.52 mean?
PT Atlas Resources Tbk (ISX:ARII) has a Cyclically Adjusted Book per Share of Rp290.52 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 Atlas Resources Tbk and its competitors.
Is PT Atlas Resources Tbk's Cyclically Adjusted Book per Share too high?
PT Atlas Resources Tbk's current Cyclically Adjusted Book per Share is Rp290.52. Overall, PT Atlas Resources 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 Atlas Resources Tbk's Cyclically Adjusted Book per Share compare to competitors?
PT Atlas Resources Tbk's Cyclically Adjusted Book per Share of Rp290.52 can be compared against companies in the Other Energy Sources 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 an Other Energy Sources company?
A good Cyclically Adjusted Book per Share depends on the Other Energy Sources 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 Atlas Resources Tbk and its competitors. PT Atlas Resources Tbk's current Cyclically Adjusted Book per Share is Rp290.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Atlas Resources Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Atlas Resources Tbk (ISX:ARII) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp320.06, compared to a current price of Rp282.00 — trading 11.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp290.52. PT Atlas Resources Tbk's overall GF Score™ is 58/100 with 3 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 Atlas Resources Tbk (ISX:ARII), the current Cyclically Adjusted Book per Share is Rp290.52 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 Atlas Resources Tbk (ISX:ARII) Overvalued in 2026?

Based on GuruFocus' analysis, PT Atlas Resources Tbk stock appears to be undervalued. The current stock price of Rp282.00 is trading 11.9% below its estimated GF Value™ of Rp320.06. GuruFocus considers PT Atlas Resources Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ARII:

  • Cyclically Adjusted Book per Share: Rp290.52
  • GF Value™: Rp320.06 vs. price of Rp282.00 (11.9% below fair value)
  • GF Score™: 58/100 with 3 warning signs

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


PT Atlas Resources Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 45 - 46, Sampoerna Strategic Square, South Tower, 18th Floor, South Jakarta, Jakarta, IDN, 12930
PT Atlas Resources Tbk is an Indonesia-based company engaged in the production of coal. The business activity of the firm is in the services, development, transportation, machine repair, printing, trade, industry, and agriculture. The company has 2 main activities namely, Export-import and trade of solid fuels: includes trade in coal, solid coal briquettes, refractory ash, and other related business activities and second Mining and coal transportation: This includes management and maintenance of transportation facilities related to mining and coal, as well as related business activities. Geographically the group has a presence in the region of Japan, China, Korea, Thailand, Europe, India, and Indonesia.
58GF Score

Get the complete analysis for ISX:ARII

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

Rp282.00
Price
Rp320.06
GF Value