PT Hartadinata Abadi Tbk (ISX:HRTA) Cyclically Adjusted Book per Share: Rp409.40 (As of Jun. 2026)

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ISX:HRTA PT Hartadinata Abadi Tbk ISX:HRTA
96 GF Score
Price Rp2,210.00
GF Value Rp2,040.82
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is PT Hartadinata Abadi Tbk Cyclically Adjusted Book per Share?

PT Hartadinata Abadi Tbk ISX:HRTA -5.15% 96 Cyclically Adjusted Book per Share is Rp409.40 as of Jun. 2026. GuruFocus rates ISX:HRTA with a GF Score™ of 96/100 and a GF Value™ of Rp2,040.82 (Fairly Valued). The stock has 4 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 Hartadinata Abadi Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp811.191. 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 Rp409.40 for the trailing ten years ended in Jun. 2026.

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.

As of today (2026-08-31), PT Hartadinata Abadi Tbk's current stock price is Rp2210.00. PT Hartadinata Abadi Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp409.40. PT Hartadinata Abadi Tbk's Cyclically Adjusted PB Ratio of today is 5.40.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of PT Hartadinata Abadi Tbk was 8.85. The lowest was 4.36. And the median was 6.18.


PT Hartadinata Abadi Tbk  (ISX:HRTA) 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 Hartadinata Abadi Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2210.00/409.40
=5.40

* 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 12 years, the highest Cyclically Adjusted PB Ratio of PT Hartadinata Abadi Tbk was 8.85. The lowest was 4.36. And the median was 6.18.


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 Hartadinata Abadi Tbk Cyclically Adjusted Book per Share Related Terms


PT Hartadinata Abadi Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Hartadinata Abadi 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 Hartadinata Abadi Tbk Cyclically Adjusted Book per Share Chart

PT Hartadinata Abadi 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 0.00 0.00 0.00 365.91

PT Hartadinata Abadi 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 0.00 0.00 365.91 387.79 409.40

ISX:HRTA vs TPR: Cyclically Adjusted Book per Share Comparison

For the Luxury Goods subindustry, PT Hartadinata Abadi 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 Hartadinata Abadi Tbk Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Hartadinata Abadi Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:HRTA
96GF Score
PT Hartadinata Abadi Tbk ISX:HRTA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Hartadinata Abadi 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 Hartadinata Abadi 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)
=811.191/137.6954*137.6954
=811.191

Current CPI (Jun. 2026) = 137.6954.

PT Hartadinata Abadi Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 104.142 0.000
201612 123.620 105.222 161.772
201703 0.000 106.476 0.000
201706 205.908 107.722 263.203
201709 212.698 108.020 271.130
201712 216.386 109.017 273.310
201803 224.644 110.097 280.958
201806 226.370 111.085 280.598
201809 232.639 111.135 288.239
201812 237.273 112.430 290.594
201903 246.079 112.829 300.314
201906 249.193 114.730 299.073
201909 255.746 114.905 306.472
201912 263.094 115.486 313.691
202003 270.907 116.252 320.877
202006 279.990 116.630 330.562
202009 284.043 116.397 336.019
202012 293.959 117.318 345.018
202103 302.902 117.840 353.940
202106 314.219 118.184 366.095
202109 318.805 118.262 371.194
202112 328.056 119.516 377.956
202203 339.098 120.948 386.052
202206 347.063 123.322 387.513
202209 362.959 125.298 398.870
202212 372.916 126.098 407.215
202303 388.034 126.953 420.870
202306 401.111 127.663 432.633
202309 417.188 128.151 448.258
202312 427.137 129.395 454.538
202403 449.408 130.607 473.799
202406 456.731 130.792 480.839
202409 477.513 130.361 504.379
202412 508.113 131.432 532.329
202503 540.631 131.948 564.178
202506 562.791 133.241 581.607
202509 612.137 133.819 629.869
202512 699.343 135.271 711.876
202603 793.395 136.539 800.116
202606 811.191 137.695 811.191

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 Rp409.40 mean?
PT Hartadinata Abadi Tbk (ISX:HRTA) has a Cyclically Adjusted Book per Share of Rp409.40 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 Hartadinata Abadi Tbk and its competitors.
Is PT Hartadinata Abadi Tbk's Cyclically Adjusted Book per Share too high?
PT Hartadinata Abadi Tbk's current Cyclically Adjusted Book per Share is Rp409.40. Overall, PT Hartadinata Abadi Tbk has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Hartadinata Abadi Tbk's Cyclically Adjusted Book per Share compare to TPR?
PT Hartadinata Abadi Tbk's Cyclically Adjusted Book per Share of Rp409.40 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 Hartadinata Abadi Tbk and its competitors. PT Hartadinata Abadi Tbk's current Cyclically Adjusted Book per Share is Rp409.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hartadinata Abadi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hartadinata Abadi Tbk (ISX:HRTA) is currently considered Fairly Valued. The stock's GF Value™ is Rp2,040.82, compared to a current price of Rp2,210.00 — trading 8.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp409.40. PT Hartadinata Abadi Tbk's overall GF Score™ is 96/100 with 4 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 Hartadinata Abadi Tbk (ISX:HRTA), the current Cyclically Adjusted Book per Share is Rp409.40 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 Hartadinata Abadi Tbk (ISX:HRTA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hartadinata Abadi Tbk stock appears to be overvalued. The current stock price of Rp2,210.00 is trading 8.3% above its estimated GF Value™ of Rp2,040.82. GuruFocus considers PT Hartadinata Abadi Tbk to be Fairly Valued.

Key valuation signals for ISX:HRTA:

  • Cyclically Adjusted Book per Share: Rp409.40
  • GF Value™: Rp2,040.82 vs. price of Rp2,210.00 (8.3% above fair value)
  • GF Score™: 96/100 with 4 warning signs

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


PT Hartadinata Abadi Tbk Business Description

Address Jalan Kopo Sayati No. 165, Jawa Barat, Kabupaten Bandung, Bandung, IDN, 40228
PT Hartadinata Abadi Tbk is in the gold jewelry manufacturing industry. It produces various products of gold jewelry such as necklaces, rings, pendants, earrings, and bracelets with various content. Its business segments include Wholesale, Pawns, Retail, Sales to Partners Segment, and Refining Services. It derives its revenue from the Wholesaler segment.
96GF Score

Get the complete analysis for ISX:HRTA

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

Rp2,210.00
Price
Rp2,040.82
GF Value