PT Indal Aluminium Industry Tbk (ISX:INAI) Cyclically Adjusted Book per Share: Rp496.97 (As of Mar. 2026)


ISX:INAI PT Indal Aluminium Industry Tbk ISX:INAI
54 GF Score
Price Rp126.00
GF Value Rp118.54
Valuation Fairly Valued
! 4 Warning Signs
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What is PT Indal Aluminium Industry Tbk Cyclically Adjusted Book per Share?

PT Indal Aluminium Industry Tbk ISX:INAI -3.82% 54 Cyclically Adjusted Book per Share is Rp496.97 as of Mar. 2026. GuruFocus rates ISX:INAI with a GF Score™ of 54/100 and a GF Value™ of Rp118.54 (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 Indal Aluminium Industry Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp111.152. 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 Rp496.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Indal Aluminium Industry Tbk's average Cyclically Adjusted Book Growth Rate was -1.40% 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.

As of today (2026-07-02), PT Indal Aluminium Industry Tbk's current stock price is Rp126.00. PT Indal Aluminium Industry Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp496.97. PT Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio of today is 0.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Indal Aluminium Industry Tbk was 0.53. The lowest was 0.18. And the median was 0.35.


PT Indal Aluminium Industry Tbk  (ISX:INAI) 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 Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=126.00/496.97
=0.25

* 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 Indal Aluminium Industry Tbk was 0.53. The lowest was 0.18. And the median was 0.35.


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 Indal Aluminium Industry Tbk Cyclically Adjusted Book per Share Related Terms


PT Indal Aluminium Industry Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Indal Aluminium Industry 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 Indal Aluminium Industry Tbk Cyclically Adjusted Book per Share Chart

PT Indal Aluminium Industry 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 0.00 496.03 503.21 502.49

PT Indal Aluminium Industry 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 504.14 506.86 505.98 502.49 496.97

ISX:INAI vs AA, CENX, CSTM: Cyclically Adjusted Book per Share Comparison

For the Aluminum subindustry, PT Indal Aluminium Industry 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 Indal Aluminium Industry Tbk Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:INAI
54GF Score
PT Indal Aluminium Industry Tbk ISX:INAI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Indal Aluminium Industry 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 Indal Aluminium Industry 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)
=111.152/136.5387*136.5387
=111.152

Current CPI (Mar. 2026) = 136.5387.

PT Indal Aluminium Industry Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 405.055 103.212 535.844
201609 393.024 104.142 515.285
201612 407.223 105.222 528.423
201703 424.459 106.476 544.302
201706 441.885 107.722 560.096
201709 423.761 108.020 535.637
201712 437.823 109.017 548.353
201803 458.277 110.097 568.343
201806 469.650 111.085 577.266
201809 453.165 111.135 556.754
201812 479.615 112.430 582.461
201903 500.125 112.829 605.223
201906 511.504 114.730 608.733
201909 486.179 114.905 577.716
201912 503.896 115.486 595.755
202003 506.113 116.252 594.431
202006 505.652 116.630 591.968
202009 479.016 116.397 561.908
202012 507.267 117.318 590.374
202103 478.671 117.840 554.627
202106 462.244 118.184 534.034
202109 474.391 118.262 547.707
202112 610.233 119.516 697.148
202203 664.130 120.948 749.738
202206 622.112 123.322 688.783
202209 565.228 125.298 615.934
202212 469.512 126.098 508.388
202303 427.528 126.953 459.811
202306 397.030 127.663 424.634
202309 390.709 128.151 416.280
202312 432.330 129.395 456.199
202403 386.869 130.607 404.439
202406 369.461 130.792 385.695
202409 305.152 130.361 319.613
202412 309.447 131.432 321.472
202503 283.028 131.948 292.874
202506 248.311 133.241 254.457
202509 209.467 133.819 213.724
202512 141.994 135.271 143.325
202603 111.152 136.539 111.152

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 Rp496.97 mean?
PT Indal Aluminium Industry Tbk (ISX:INAI) has a Cyclically Adjusted Book per Share of Rp496.97 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 Indal Aluminium Industry Tbk and its competitors.
Is PT Indal Aluminium Industry Tbk's Cyclically Adjusted Book per Share too high?
PT Indal Aluminium Industry Tbk's current Cyclically Adjusted Book per Share is Rp496.97. Overall, PT Indal Aluminium Industry Tbk has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indal Aluminium Industry Tbk's Cyclically Adjusted Book per Share compare to AA and CENX?
PT Indal Aluminium Industry Tbk's Cyclically Adjusted Book per Share of Rp496.97 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Cyclically Adjusted Book per Share depends on the Metals & Mining 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 Indal Aluminium Industry Tbk and its competitors. PT Indal Aluminium Industry Tbk's current Cyclically Adjusted Book per Share is Rp496.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indal Aluminium Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indal Aluminium Industry Tbk (ISX:INAI) is currently considered Fairly Valued. The stock's GF Value™ is Rp118.54, compared to a current price of Rp126.00 — trading 6.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp496.97. PT Indal Aluminium Industry Tbk's overall GF Score™ is 54/100 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 Indal Aluminium Industry Tbk (ISX:INAI), the current Cyclically Adjusted Book per Share is Rp496.97 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 Indal Aluminium Industry Tbk (ISX:INAI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indal Aluminium Industry Tbk stock appears to be overvalued. The current stock price of Rp126.00 is trading 6.3% above its estimated GF Value™ of Rp118.54. GuruFocus considers PT Indal Aluminium Industry Tbk to be Fairly Valued.

Key valuation signals for ISX:INAI:

  • Cyclically Adjusted Book per Share: Rp496.97
  • GF Value™: Rp118.54 vs. price of Rp126.00 (6.3% above fair value)
  • GF Score™: 54/100 with 4 warning signs

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


PT Indal Aluminium Industry Tbk Business Description

Address Kompleks Maspion Unit-1, Sawotratap, Sidoarjo, IDN, 61254
PT Indal Aluminium Industry Tbk engaged in industry, trade, and services for several business activities, including managing aluminum ingot or billet raw materials into aluminum extrusion profiles which are used for ready-to-install building materials for the construction industry, home industry, electronic/automotive components, medical device components, aluminum solar panel frames and others. The company's segments include the Manufacturing of aluminum, Construction Services, Software services, and General trading & investments. The majority of the revenue is generated from the Manufacturing of the Aluminium segment. The company exports its products to Japan, Hong Kong, Thailand, Singapore, Australia, the United States, and other countries.
54GF Score

Get the complete analysis for ISX:INAI

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

Rp126.00
Price
Rp118.54
GF Value