PT Hexindo Adiperkasa Tbk (ISX:HEXA) Cyclically Adjusted Book per Share: Rp3,252.56 (As of Dec. 2025)


ISX:HEXA PT Hexindo Adiperkasa Tbk ISX:HEXA
88 GF Score
Price Rp4,350.00
GF Value Rp5,609.74
Valuation Modestly Undervalued
! 6 Warning Signs
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What is PT Hexindo Adiperkasa Tbk Cyclically Adjusted Book per Share?

PT Hexindo Adiperkasa Tbk ISX:HEXA +1.16% 88 Cyclically Adjusted Book per Share is Rp3,252.56 as of Dec. 2025. GuruFocus rates ISX:HEXA with a GF Score™ of 88/100 and a GF Value™ of Rp5,609.74 (Modestly Undervalued). 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.

PT Hexindo Adiperkasa Tbk's adjusted book value per share for the three months ended in Dec. 2025 was Rp3,339.377. 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 Rp3,252.56 for the trailing ten years ended in Dec. 2025.

During the past 12 months, PT Hexindo Adiperkasa Tbk's average Cyclically Adjusted Book Growth Rate was -1.90% 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 Hexindo Adiperkasa Tbk was 2.30% per year. The lowest was 0.00% per year. And the median was 1.15% per year.

As of today (2026-07-13), PT Hexindo Adiperkasa Tbk's current stock price is Rp4350.00. PT Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was Rp3,252.56. PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio of today is 1.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Hexindo Adiperkasa Tbk was 2.17. The lowest was 0.97. And the median was 1.51.


PT Hexindo Adiperkasa Tbk  (ISX:HEXA) 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 Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4350.00/3252.56
=1.34

* 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 Hexindo Adiperkasa Tbk was 2.17. The lowest was 0.97. And the median was 1.51.


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 Hexindo Adiperkasa Tbk Cyclically Adjusted Book per Share Related Terms


PT Hexindo Adiperkasa Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk Cyclically Adjusted Book per Share Chart

PT Hexindo Adiperkasa Tbk Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,158.78 3,291.63 3,386.66 3,385.75 3,294.63

PT Hexindo Adiperkasa Tbk Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3,316.71 3,294.63 3,290.91 3,257.81 3,252.56

ISX:HEXA vs GWW, FAST, FERG: Cyclically Adjusted Book per Share Comparison

For the Industrial Distribution subindustry, PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:HEXA
88GF Score
PT Hexindo Adiperkasa Tbk ISX:HEXA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=3339.377/135.2711*135.2711
=3,339.377

Current CPI (Dec. 2025) = 135.2711.

PT Hexindo Adiperkasa Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201603 3,592.144 102.764 4,728.443
201606 3,667.660 103.212 4,806.873
201609 2,012.258 104.142 2,613.732
201612 2,139.452 105.222 2,750.435
201703 2,260.671 106.476 2,872.044
201706 2,331.208 107.722 2,927.411
201709 2,180.041 108.020 2,730.008
201712 2,309.796 109.017 2,866.057
201803 2,461.782 110.097 3,024.692
201806 2,576.335 111.085 3,137.279
201809 2,553.400 111.135 3,107.957
201812 2,690.335 112.430 3,236.902
201903 2,863.219 112.829 3,432.739
201906 3,029.179 114.730 3,571.513
201909 2,728.818 114.905 3,212.493
201912 2,879.966 115.486 3,373.366
202003 3,238.179 116.252 3,767.943
202006 3,151.706 116.630 3,655.453
202009 2,809.235 116.397 3,264.772
202012 2,839.003 117.318 3,273.451
202103 2,991.934 117.840 3,434.512
202106 3,106.771 118.184 3,555.952
202109 2,152.665 118.262 2,462.280
202112 2,435.027 119.516 2,756.020
202203 2,728.013 120.948 3,051.069
202206 2,949.632 123.322 3,235.422
202209 2,464.477 125.298 2,660.629
202212 2,799.918 126.098 3,003.607
202303 3,020.580 126.953 3,218.504
202306 3,202.148 127.663 3,392.983
202309 2,841.000 128.151 2,998.837
202312 3,108.883 129.395 3,250.071
202403 3,350.229 130.607 3,469.869
202406 3,593.121 130.792 3,716.182
202409 2,762.164 130.361 2,866.204
202412 3,080.748 131.432 3,170.748
202503 3,353.755 131.948 3,438.209
202506 3,455.150 133.241 3,507.804
202509 3,185.923 133.819 3,220.494
202512 3,339.377 135.271 3,339.377

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 Rp3,252.56 mean?
PT Hexindo Adiperkasa Tbk (ISX:HEXA) has a Cyclically Adjusted Book per Share of Rp3,252.56 as of Dec. 2025. 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 Hexindo Adiperkasa Tbk and its competitors.
Is PT Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share too high?
PT Hexindo Adiperkasa Tbk's current Cyclically Adjusted Book per Share is Rp3,252.56. Overall, PT Hexindo Adiperkasa Tbk has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share compare to GWW and FAST?
PT Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share of Rp3,252.56 can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Cyclically Adjusted Book per Share depends on the Industrial Distribution 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 Hexindo Adiperkasa Tbk and its competitors. PT Hexindo Adiperkasa Tbk's current Cyclically Adjusted Book per Share is Rp3,252.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hexindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hexindo Adiperkasa Tbk (ISX:HEXA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp5,609.74, compared to a current price of Rp4,350.00 — trading 22.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp3,252.56. PT Hexindo Adiperkasa Tbk's overall GF Score™ is 88/100 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 PT Hexindo Adiperkasa Tbk (ISX:HEXA), the current Cyclically Adjusted Book per Share is Rp3,252.56 as of Dec. 2025. 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 Hexindo Adiperkasa Tbk (ISX:HEXA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hexindo Adiperkasa Tbk stock appears to be undervalued. The current stock price of Rp4,350.00 is trading 22.5% below its estimated GF Value™ of Rp5,609.74. GuruFocus considers PT Hexindo Adiperkasa Tbk to be Modestly Undervalued.

Key valuation signals for ISX:HEXA:

  • Cyclically Adjusted Book per Share: Rp3,252.56
  • GF Value™: Rp5,609.74 vs. price of Rp4,350.00 (22.5% below fair value)
  • GF Score™: 88/100 with 6 warning signs

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


PT Hexindo Adiperkasa Tbk Business Description

Other Exchanges HX1A:Germany
Address Jalan Pulo Kambing II, Kav. I-II No. 33, Kawasan Industri Pulogadung, Jakarta, IDN, 13930
PT Hexindo Adiperkasa Tbk distributes heavy equipment and spare parts in Indonesia. Its products include Mini Excavators, Medium Excavators, Large Excavators / Loading Shovels, Wheel Loaders, Rigid Frame Trucks, BELL Articulated Dump Trucks, Used Equipment, ConSite, and Industry Solutions. The company serves the mining, construction, agribusiness, and forestry industries. It has branches and representative offices across Indonesia, including Banda Aceh, Medan, Jakarta, Semarang, Balikpapan, Samarinda, Jayapura, Makassar, Palu, and Kendari, among others.
88GF Score

Get the complete analysis for ISX:HEXA

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

Rp4,350.00
Price
Rp5,609.74
GF Value