PTranacentral Bajatama Tbk (ISX:BAJA) Cyclically Adjusted Book per Share: Rp77.45 (As of Mar. 2026)


ISX:BAJA PT Saranacentral Bajatama Tbk ISX:BAJA
54 GF Score
Price Rp161.00
GF Value Rp115.26
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PTranacentral Bajatama Tbk Cyclically Adjusted Book per Share?

PTranacentral Bajatama Tbk ISX:BAJA 54 Cyclically Adjusted Book per Share is Rp77.45 as of Mar. 2026. GuruFocus rates ISX:BAJA with a GF Score™ of 54/100 and a GF Value™ of Rp115.26 (Significantly Overvalued). The stock has 6 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.

PTranacentral Bajatama Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp6.043. 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 Rp77.45 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PTranacentral Bajatama Tbk's average Cyclically Adjusted Book Growth Rate was -7.90% 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 PTranacentral Bajatama Tbk was -7.70% per year. The lowest was -7.70% per year. And the median was -7.70% per year.

As of today (2026-07-07), PTranacentral Bajatama Tbk's current stock price is Rp161.00. PTranacentral Bajatama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp77.45. PTranacentral Bajatama Tbk's Cyclically Adjusted PB Ratio of today is 2.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PTranacentral Bajatama Tbk was 2.21. The lowest was 0.88. And the median was 1.42.


PTranacentral Bajatama Tbk  (ISX:BAJA) 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.

PTranacentral Bajatama Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=161.00/77.45
=2.08

* 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 PTranacentral Bajatama Tbk was 2.21. The lowest was 0.88. And the median was 1.42.


Be Aware

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


PTranacentral Bajatama Tbk Cyclically Adjusted Book per Share Related Terms


PTranacentral Bajatama Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PTranacentral Bajatama 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.

PTranacentral Bajatama Tbk Cyclically Adjusted Book per Share Chart

PTranacentral Bajatama 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 0.00 101.16 92.60 86.61 79.61

PTranacentral Bajatama 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 84.05 82.64 81.41 79.61 77.45

ISX:BAJA vs NUE, STLD, RS: Cyclically Adjusted Book per Share Comparison

For the Steel subindustry, PTranacentral Bajatama 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.


PTranacentral Bajatama Tbk Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, PTranacentral Bajatama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PTranacentral Bajatama Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BAJA
54GF Score
PT Saranacentral Bajatama Tbk ISX:BAJA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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PTranacentral Bajatama 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, PTranacentral Bajatama 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)
=6.043/136.5387*136.5387
=6.043

Current CPI (Mar. 2026) = 136.5387.

PTranacentral Bajatama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 99.650 103.212 131.826
201609 109.712 104.142 143.841
201612 109.168 105.222 141.659
201703 110.374 106.476 141.537
201706 106.112 107.722 134.499
201709 98.694 108.020 124.750
201712 95.565 109.017 119.691
201803 92.794 110.097 115.081
201806 78.305 111.085 96.248
201809 62.947 111.135 77.336
201812 42.512 112.430 51.628
201903 46.131 112.829 55.825
201906 37.376 114.730 44.481
201909 35.217 114.905 41.848
201912 41.215 115.486 48.728
202003 -12.769 116.252 -14.997
202006 38.999 116.630 45.656
202009 41.894 116.397 49.144
202012 71.975 117.318 83.767
202103 94.505 117.840 109.501
202106 114.341 118.184 132.099
202109 137.730 118.262 159.016
202112 120.248 119.516 137.375
202203 112.683 120.948 127.208
202206 104.583 123.322 115.791
202209 84.761 125.298 92.365
202212 61.216 126.098 66.285
202303 67.335 126.953 72.419
202306 65.655 127.663 70.220
202309 55.863 128.151 59.519
202312 61.673 129.395 65.078
202403 51.959 130.607 54.319
202406 36.140 130.792 37.728
202409 49.813 130.361 52.174
202412 31.758 131.432 32.992
202503 21.131 131.948 21.866
202506 22.767 133.241 23.331
202509 17.742 133.819 18.103
202512 11.821 135.271 11.932
202603 6.043 136.539 6.043

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 Rp77.45 mean?
PTranacentral Bajatama Tbk (ISX:BAJA) has a Cyclically Adjusted Book per Share of Rp77.45 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 PTranacentral Bajatama Tbk and its competitors.
Is PTranacentral Bajatama Tbk's Cyclically Adjusted Book per Share too high?
PTranacentral Bajatama Tbk's current Cyclically Adjusted Book per Share is Rp77.45. Overall, PTranacentral Bajatama Tbk has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTranacentral Bajatama Tbk's Cyclically Adjusted Book per Share compare to NUE and STLD?
PTranacentral Bajatama Tbk's Cyclically Adjusted Book per Share of Rp77.45 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted Book per Share depends on the Steel 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 PTranacentral Bajatama Tbk and its competitors. PTranacentral Bajatama Tbk's current Cyclically Adjusted Book per Share is Rp77.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTranacentral Bajatama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTranacentral Bajatama Tbk (ISX:BAJA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp115.26, compared to a current price of Rp161.00 — trading 39.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp77.45. PTranacentral Bajatama Tbk's overall GF Score™ is 54/100 with 6 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 PTranacentral Bajatama Tbk (ISX:BAJA), the current Cyclically Adjusted Book per Share is Rp77.45 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 PTranacentral Bajatama Tbk (ISX:BAJA) Overvalued in 2026?

Based on GuruFocus' analysis, PTranacentral Bajatama Tbk stock appears to be overvalued. The current stock price of Rp161.00 is trading 39.7% above its estimated GF Value™ of Rp115.26. GuruFocus considers PTranacentral Bajatama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BAJA:

  • Cyclically Adjusted Book per Share: Rp77.45
  • GF Value™: Rp115.26 vs. price of Rp161.00 (39.7% above fair value)
  • GF Score™: 54/100 with 6 warning signs

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


PTranacentral Bajatama Tbk Business Description

Address Jalan Pangeran Jayakarta No. 55, Gedung Baja Tower B, Lantai 6, Mangga Dua Selatan, Sawah Besar, Jakarta Pusat, Jakarta, IDN, 10730
PT Saranacentral Bajatama Tbk is involved in the manufacture and sale of steel products in Indonesia. The company manufactures three types of coated steel products, namely, galvanized steel, Saranalume aluminum-zinc-coated steel, and Sarancolor painted zinc-coated steel. The company's products are used in various applications, including building, electrical machinery, and motor vehicles. The company has four reportable segments, including galvanized, saranalume, coloring, and non-production. The company derives the majority of its revenue from the Saranalume segment.
54GF Score

Get the complete analysis for ISX:BAJA

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

Rp161.00
Price
Rp115.26
GF Value