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PT Indofarma Tbk (ISX:INAF) Cyclically Adjusted Book per Share : Rp176.28 (As of Sep. 2023)


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What is PT Indofarma Tbk Cyclically Adjusted Book per Share?

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 Indofarma Tbk's adjusted book value per share for the three months ended in Sep. 2023 was Rp-33.989. 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 Rp176.28 for the trailing ten years ended in Sep. 2023.

During the past 12 months, PT Indofarma Tbk's average Cyclically Adjusted Book Growth Rate was -14.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.10% 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 Indofarma Tbk was -1.10% per year. The lowest was -1.10% per year. And the median was -1.10% per year.

As of today (2024-06-12), PT Indofarma Tbk's current stock price is Rp153.00. PT Indofarma Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was Rp176.28. PT Indofarma Tbk's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Indofarma Tbk was 27.31. The lowest was 0.74. And the median was 5.08.


PT Indofarma Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Indofarma 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.

* Premium members only.

PT Indofarma Tbk Cyclically Adjusted Book per Share Chart

PT Indofarma Tbk Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 205.56 206.92 206.77 199.07

PT Indofarma Tbk Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 205.25 199.07 192.14 184.66 176.28

Competitive Comparison of PT Indofarma Tbk's Cyclically Adjusted Book per Share

For the Drug Manufacturers - Specialty & Generic subindustry, PT Indofarma 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 Indofarma Tbk's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, PT Indofarma Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PT Indofarma 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 Indofarma Tbk's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-33.989/128.1514*128.1514
=-33.989

Current CPI (Sep. 2023) = 128.1514.

PT Indofarma Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201309 188.656 90.474 267.221
201312 187.604 91.196 263.626
201403 178.238 92.483 246.979
201406 174.199 93.015 240.003
201409 179.113 94.576 242.700
201412 189.624 98.819 245.909
201503 184.564 98.388 240.398
201506 183.318 99.766 235.475
201509 180.683 101.037 229.172
201512 191.240 102.133 239.959
201603 184.924 102.764 230.609
201606 182.249 103.212 226.286
201609 181.429 104.142 223.256
201612 185.771 105.222 226.253
201703 174.532 106.476 210.062
201709 0.000 108.020 0.000
201712 169.849 109.017 199.661
201803 0.000 110.097 0.000
201806 0.000 111.085 0.000
201809 158.526 111.135 182.799
201812 160.246 112.430 182.654
201903 153.221 112.829 174.029
201906 152.387 114.730 170.213
201909 149.004 114.905 166.182
201912 162.920 115.486 180.788
202003 155.893 116.252 171.850
202006 161.416 116.630 177.362
202009 156.828 116.397 172.666
202012 138.846 117.318 151.667
202103 139.433 117.840 151.634
202106 139.162 118.184 150.899
202109 139.758 118.262 151.445
202112 164.005 119.516 175.855
202203 147.491 120.948 156.275
202206 134.735 123.322 140.011
202209 104.923 125.298 107.312
202212 27.864 126.098 28.318
202303 7.925 126.953 8.000
202306 -10.966 127.663 -11.008
202309 -33.989 128.151 -33.989

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


PT Indofarma Tbk  (ISX:INAF) 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 Indofarma Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=153.00/176.28
=0.87

* 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 Indofarma Tbk was 27.31. The lowest was 0.74. And the median was 5.08.


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 Indofarma Tbk Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of PT Indofarma Tbk's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Indofarma Tbk (ISX:INAF) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Indofarma No. 1, Cikarang Barat, Jawa Bara, Bekasi, IDN, 17530
PT Indofarma Tbk is a specialty and generic drug manufacturing company. The company has four business segments - Medicine, Medical Devices and others, Pharmaceutical Engineering, and Aliansi Strategis Segment. The Medicine business segment includes drug production, marketing and distribution and sales. The Medical Device Segment includes medical devices and other products. The Pharmaceutical Engineering Segment includes the sale and maintenance of packaging machines for the pharmaceutical industry to external parties.

PT Indofarma Tbk (ISX:INAF) Headlines

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