PT Harum Energy Tbk (ISX:HRUM) Cyclically Adjusted Book per Share: Rp710.49 (As of Mar. 2026)

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ISX:HRUM PT Harum Energy Tbk ISX:HRUM
86 GF Score
Price Rp850.00
GF Value Rp1,841.44
Valuation Possible Value Trap
! 7 Warning Signs
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What is PT Harum Energy Tbk Cyclically Adjusted Book per Share?

PT Harum Energy Tbk ISX:HRUM +2.41% 86 Cyclically Adjusted Book per Share is Rp710.49 as of Mar. 2026. GuruFocus rates ISX:HRUM with a GF Score™ of 86/100 and a GF Value™ of Rp1,841.44 (Possible Value Trap). The stock has 7 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 Harum Energy Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp1,204.628. 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 Rp710.49 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Harum Energy Tbk's average Cyclically Adjusted Book Growth Rate was 16.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.90% 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 Harum Energy Tbk was 17.60% per year. The lowest was 9.20% per year. And the median was 15.60% per year.

As of today (2026-07-23), PT Harum Energy Tbk's current stock price is Rp850.00. PT Harum Energy Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp710.49. PT Harum Energy Tbk's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Harum Energy Tbk was 7.31. The lowest was 0.70. And the median was 2.49.


PT Harum Energy Tbk  (ISX:HRUM) 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 Harum Energy Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=850.00/710.49
=1.20

* 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 Harum Energy Tbk was 7.31. The lowest was 0.70. And the median was 2.49.


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 Harum Energy Tbk Cyclically Adjusted Book per Share Related Terms


PT Harum Energy Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Harum Energy 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 Harum Energy Tbk Cyclically Adjusted Book per Share Chart

PT Harum Energy 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 361.64 421.90 495.97 587.91 682.95

PT Harum Energy 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 608.81 633.86 655.74 682.95 710.49

PT Harum Energy Tbk Cyclically Adjusted Book per Share Competitor Comparison

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

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

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


ISX:HRUM
86GF Score
PT Harum Energy Tbk ISX:HRUM
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Harum Energy 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 Harum Energy 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)
=1204.628/136.5387*136.5387
=1,204.628

Current CPI (Mar. 2026) = 136.5387.

PT Harum Energy Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 276.481 103.212 365.754
201609 278.273 104.142 364.837
201612 286.697 105.222 372.026
201703 297.447 106.476 381.429
201706 303.242 107.722 384.364
201709 313.407 108.020 396.149
201712 332.103 109.017 415.944
201803 350.219 110.097 434.332
201806 311.878 111.085 383.342
201809 337.642 111.135 414.823
201812 341.160 112.430 414.316
201903 342.095 112.829 413.984
201906 343.522 114.730 408.820
201909 343.410 114.905 408.067
201912 343.046 115.486 405.582
202003 375.185 116.252 440.656
202006 352.550 116.630 412.731
202009 395.237 116.397 463.632
202012 415.061 117.318 483.062
202103 441.956 117.840 512.086
202106 423.374 118.184 489.127
202109 485.078 118.262 560.045
202112 532.735 119.516 608.612
202203 621.467 120.948 701.576
202206 706.917 123.322 782.676
202209 823.123 125.298 896.964
202212 861.094 126.098 932.393
202303 963.362 126.953 1,036.106
202306 994.231 127.663 1,063.355
202309 970.859 128.151 1,034.400
202312 1,032.084 129.395 1,089.066
202403 1,045.171 130.607 1,092.639
202406 1,130.511 130.792 1,180.187
202409 1,575.590 130.361 1,650.257
202412 1,082.775 131.432 1,124.850
202503 1,116.497 131.948 1,155.338
202506 1,139.391 133.241 1,167.594
202509 1,162.279 133.819 1,185.901
202512 1,177.052 135.271 1,188.082
202603 1,204.628 136.539 1,204.628

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 Rp710.49 mean?
PT Harum Energy Tbk (ISX:HRUM) has a Cyclically Adjusted Book per Share of Rp710.49 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 Harum Energy Tbk and its competitors.
Is PT Harum Energy Tbk's Cyclically Adjusted Book per Share too high?
PT Harum Energy Tbk's current Cyclically Adjusted Book per Share is Rp710.49. Overall, PT Harum Energy Tbk has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Harum Energy Tbk's Cyclically Adjusted Book per Share compare to competitors?
PT Harum Energy Tbk's Cyclically Adjusted Book per Share of Rp710.49 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 Harum Energy Tbk and its competitors. PT Harum Energy Tbk's current Cyclically Adjusted Book per Share is Rp710.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Harum Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Harum Energy Tbk (ISX:HRUM) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,841.44, compared to a current price of Rp850.00 — trading 53.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp710.49. PT Harum Energy Tbk's overall GF Score™ is 86/100 with 7 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 Harum Energy Tbk (ISX:HRUM), the current Cyclically Adjusted Book per Share is Rp710.49 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 Harum Energy Tbk (ISX:HRUM) Overvalued in 2026?

Based on GuruFocus' analysis, PT Harum Energy Tbk stock appears to be undervalued. The current stock price of Rp850.00 is trading 53.8% below its estimated GF Value™ of Rp1,841.44. GuruFocus considers PT Harum Energy Tbk to be Possible Value Trap.

Key valuation signals for ISX:HRUM:

  • Cyclically Adjusted Book per Share: Rp710.49
  • GF Value™: Rp1,841.44 vs. price of Rp850.00 (53.8% below fair value)
  • GF Score™: 86/100 with 7 warning signs

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


PT Harum Energy Tbk Business Description

Other Exchanges 44H:Germany
Address Jalan Imam Bonjol No. 80, Deutsche Bank Building, 9th Floor, Jakarta Pusat, Jakarta, IDN, 10310
PT Harum Energy Tbk is a holding company engaged in the coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is broken down into various segments, which include Coal mining sectors; Rental and service sectors; Nickel Smelter; and Other sectors. It serves coal-fired power-generating and manufacturing companies. Geographically, the firm generates revenue from East Asia, South Asia, Southeast Asia, and Europe. The firm generates the majority of its revenue from the Nickel Smelter, which consists of the Nickel Smelter sector by IMI, WMI, and BSE.
86GF Score

Get the complete analysis for ISX:HRUM

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

Rp850.00
Price
Rp1,841.44
GF Value