PT Indosat Tbk (ISX:ISAT) Cyclically Adjusted Book per Share: Rp847.88 (As of Mar. 2026)


ISX:ISAT PT Indosat Tbk ISX:ISAT
89 GF Score
Price Rp1,820.00
GF Value Rp2,561.54
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Indosat Tbk Cyclically Adjusted Book per Share?

PT Indosat Tbk ISX:ISAT -3.19% 89 Cyclically Adjusted Book per Share is Rp847.88 as of Mar. 2026. GuruFocus rates ISX:ISAT with a GF Score™ of 89/100 and a GF Value™ of Rp2,561.54 (Modestly Undervalued). The stock has 2 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 Indosat Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp1,172.454. 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 Rp847.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Indosat Tbk's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -2.60% 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 Indosat Tbk was 10.50% per year. The lowest was -6.40% per year. And the median was 1.60% per year.

As of today (2026-07-11), PT Indosat Tbk's current stock price is Rp1820.00. PT Indosat Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp847.88. PT Indosat Tbk's Cyclically Adjusted PB Ratio of today is 2.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Indosat Tbk was 3.86. The lowest was 0.41. And the median was 1.90.


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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1820.00/847.88
=2.15

* 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 Indosat Tbk was 3.86. The lowest was 0.41. And the median was 1.90.


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 Indosat Tbk Cyclically Adjusted Book per Share Related Terms


PT Indosat Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Indosat 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 729.89 766.99 760.71 777.76 830.15

PT Indosat 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 787.50 801.10 812.20 830.15 847.88

ISX:ISAT vs TMUS, VZ, T: Cyclically Adjusted Book per Share Comparison

For the Telecom Services subindustry, PT Indosat 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 Indosat Tbk Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Indosat Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ISAT
89GF Score
PT Indosat Tbk ISX:ISAT
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indosat 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 Indosat 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)
=1172.454/136.5387*136.5387
=1,172.454

Current CPI (Mar. 2026) = 136.5387.

PT Indosat Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 592.850 103.212 784.276
201609 612.962 104.142 803.640
201612 614.205 105.222 797.009
201703 621.680 106.476 797.207
201706 628.404 107.722 796.512
201709 642.410 108.020 812.012
201712 643.962 109.017 806.533
201803 637.085 110.097 790.096
201806 583.852 111.085 717.636
201809 554.606 111.135 681.383
201812 514.089 112.430 624.327
201903 500.822 112.829 606.067
201906 498.723 114.730 593.523
201909 501.068 114.905 595.408
201912 585.362 115.486 692.072
202003 558.845 116.252 656.365
202006 570.530 116.630 667.920
202009 565.296 116.397 663.119
202012 546.127 117.318 635.601
202103 555.343 117.840 643.465
202106 805.041 118.184 930.070
202109 816.158 118.262 942.293
202112 422.367 119.516 482.524
202203 798.430 120.948 901.349
202206 895.582 123.322 991.560
202209 846.832 125.298 922.800
202212 878.833 126.098 951.601
202303 907.513 126.953 976.039
202306 873.173 127.663 933.881
202309 900.479 128.151 959.414
202312 953.340 129.395 1,005.975
202403 994.991 130.607 1,040.180
202406 971.077 130.792 1,013.747
202409 1,006.385 130.361 1,054.078
202412 1,038.685 131.432 1,079.046
202503 1,079.401 131.948 1,116.952
202506 1,027.251 133.241 1,052.679
202509 1,066.104 133.819 1,087.771
202512 1,126.181 135.271 1,136.734
202603 1,172.454 136.539 1,172.454

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 Rp847.88 mean?
PT Indosat Tbk (ISX:ISAT) has a Cyclically Adjusted Book per Share of Rp847.88 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 Indosat Tbk and its competitors.
Is PT Indosat Tbk's Cyclically Adjusted Book per Share too high?
PT Indosat Tbk's current Cyclically Adjusted Book per Share is Rp847.88. Overall, PT Indosat Tbk has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Indosat Tbk's Cyclically Adjusted Book per Share compare to TMUS and VZ?
PT Indosat Tbk's Cyclically Adjusted Book per Share of Rp847.88 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Cyclically Adjusted Book per Share depends on the Telecommunication Services 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 Indosat Tbk and its competitors. PT Indosat Tbk's current Cyclically Adjusted Book per Share is Rp847.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indosat Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indosat Tbk (ISX:ISAT) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp2,561.54, compared to a current price of Rp1,820.00 — trading 28.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp847.88. PT Indosat Tbk's overall GF Score™ is 89/100 with 2 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 Indosat Tbk (ISX:ISAT), the current Cyclically Adjusted Book per Share is Rp847.88 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 Indosat Tbk (ISX:ISAT) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indosat Tbk stock appears to be undervalued. The current stock price of Rp1,820.00 is trading 28.9% below its estimated GF Value™ of Rp2,561.54. GuruFocus considers PT Indosat Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ISAT:

  • Cyclically Adjusted Book per Share: Rp847.88
  • GF Value™: Rp2,561.54 vs. price of Rp1,820.00 (28.9% below fair value)
  • GF Score™: 89/100 with 2 warning signs

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


PT Indosat Tbk Business Description

Other Exchanges PTITF:USAIDO1:Germany
Address Jalan Medan Merdeka Barat No. 21, Gedung Indosat Ooredoo, Jakarta, IDN, 10110
PT Indosat Tbk is the provider of international long-distance and wireless services in Indonesia. The company operates under three reportable segments: Cellular, Midi and Fixed Telecommunication segment. Cellular, providing network coverage in all cities across Indonesia; fixed telecommunications, which provides services such as international calls and fixed lines; and multimedia interactive, data and internet, which offers products such as fixed connectivity, IT service and fixed Internet. The Cellular segment provides majority of the company's revenue.
89GF Score

Get the complete analysis for ISX:ISAT

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

Rp1,820.00
Price
Rp2,561.54
GF Value