PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) Cyclically Adjusted Book per Share: Rp1,147.36 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:JPFA PT Japfa Comfeed Indonesia Tbk ISX:JPFA
97 GF Score
Price Rp2,030.00
GF Value Rp1,895.57
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is PT Japfa Comfeed Indonesia Tbk Cyclically Adjusted Book per Share?

PT Japfa Comfeed Indonesia Tbk ISX:JPFA +0.50% 97 Cyclically Adjusted Book per Share is Rp1,147.36 as of Mar. 2026. GuruFocus rates ISX:JPFA with a GF Score™ of 97/100 and a GF Value™ of Rp1,895.57 (Fairly Valued). The stock has 1 warning sign 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 Japfa Comfeed Indonesia Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp1,766.547. 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 Rp1,147.36 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Japfa Comfeed Indonesia Tbk's average Cyclically Adjusted Book Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.50% 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 Japfa Comfeed Indonesia Tbk was 10.80% per year. The lowest was 9.20% per year. And the median was 9.50% per year.

As of today (2026-07-16), PT Japfa Comfeed Indonesia Tbk's current stock price is Rp2030.00. PT Japfa Comfeed Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp1,147.36. PT Japfa Comfeed Indonesia Tbk's Cyclically Adjusted PB Ratio of today is 1.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Japfa Comfeed Indonesia Tbk was 3.09. The lowest was 1.16. And the median was 1.84.


PT Japfa Comfeed Indonesia Tbk  (ISX:JPFA) 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 Japfa Comfeed Indonesia Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2030.00/1147.36
=1.77

* 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 Japfa Comfeed Indonesia Tbk was 3.09. The lowest was 1.16. And the median was 1.84.


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 Japfa Comfeed Indonesia Tbk Cyclically Adjusted Book per Share Related Terms


PT Japfa Comfeed Indonesia Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Japfa Comfeed Indonesia 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 Japfa Comfeed Indonesia Tbk Cyclically Adjusted Book per Share Chart

PT Japfa Comfeed Indonesia 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 755.72 852.78 923.67 996.18 1,111.15

PT Japfa Comfeed Indonesia 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 1,019.97 1,050.07 1,076.81 1,111.15 1,147.36

ISX:JPFA vs ADM, BG, TSN: Cyclically Adjusted Book per Share Comparison

For the Farm Products subindustry, PT Japfa Comfeed Indonesia 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 Japfa Comfeed Indonesia Tbk Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Japfa Comfeed Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:JPFA
97GF Score
PT Japfa Comfeed Indonesia Tbk ISX:JPFA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Japfa Comfeed Indonesia 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 Japfa Comfeed Indonesia 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)
=1766.547/136.5387*136.5387
=1,766.547

Current CPI (Mar. 2026) = 136.5387.

PT Japfa Comfeed Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 615.363 103.212 814.059
201609 740.675 104.142 971.082
201612 689.644 105.222 894.900
201703 774.805 106.476 993.566
201706 759.523 107.722 962.707
201709 789.110 108.020 997.442
201712 711.108 109.017 890.630
201803 725.476 110.097 899.716
201806 614.294 111.085 755.054
201809 773.749 111.135 950.620
201812 866.957 112.430 1,052.862
201903 838.061 112.829 1,014.174
201906 831.877 114.730 990.004
201909 857.523 114.905 1,018.976
201912 957.476 115.486 1,132.022
202003 926.558 116.252 1,088.245
202006 913.860 116.630 1,069.857
202009 915.119 116.397 1,073.478
202012 915.954 117.318 1,066.018
202103 986.282 117.840 1,142.786
202106 1,001.330 118.184 1,156.844
202109 1,007.122 118.262 1,162.770
202112 1,052.759 119.516 1,202.703
202203 1,101.063 120.948 1,242.993
202206 1,084.556 123.322 1,200.786
202209 1,102.199 125.298 1,201.075
202212 1,097.049 126.098 1,187.886
202303 1,088.126 126.953 1,170.291
202306 1,062.053 127.663 1,135.893
202309 1,132.514 128.151 1,206.635
202312 1,137.484 129.395 1,200.286
202403 1,192.995 130.607 1,247.177
202406 1,257.960 130.792 1,313.236
202409 1,327.707 130.361 1,390.627
202412 1,331.035 131.432 1,382.757
202503 1,386.030 131.948 1,434.248
202506 1,367.073 133.241 1,400.912
202509 1,462.716 133.819 1,492.444
202512 1,605.116 135.271 1,620.157
202603 1,766.547 136.539 1,766.547

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 Rp1,147.36 mean?
PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) has a Cyclically Adjusted Book per Share of Rp1,147.36 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 Japfa Comfeed Indonesia Tbk and its competitors.
Is PT Japfa Comfeed Indonesia Tbk's Cyclically Adjusted Book per Share too high?
PT Japfa Comfeed Indonesia Tbk's current Cyclically Adjusted Book per Share is Rp1,147.36. Overall, PT Japfa Comfeed Indonesia Tbk has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Japfa Comfeed Indonesia Tbk's Cyclically Adjusted Book per Share compare to ADM and BG?
PT Japfa Comfeed Indonesia Tbk's Cyclically Adjusted Book per Share of Rp1,147.36 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods 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 Japfa Comfeed Indonesia Tbk and its competitors. PT Japfa Comfeed Indonesia Tbk's current Cyclically Adjusted Book per Share is Rp1,147.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Japfa Comfeed Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) is currently considered Fairly Valued. The stock's GF Value™ is Rp1,895.57, compared to a current price of Rp2,030.00 — trading 7.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp1,147.36. PT Japfa Comfeed Indonesia Tbk's overall GF Score™ is 97/100 with 1 warning sign 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 Japfa Comfeed Indonesia Tbk (ISX:JPFA), the current Cyclically Adjusted Book per Share is Rp1,147.36 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 Japfa Comfeed Indonesia Tbk (ISX:JPFA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Japfa Comfeed Indonesia Tbk stock appears to be overvalued. The current stock price of Rp2,030.00 is trading 7.1% above its estimated GF Value™ of Rp1,895.57. GuruFocus considers PT Japfa Comfeed Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:JPFA:

  • Cyclically Adjusted Book per Share: Rp1,147.36
  • GF Value™: Rp1,895.57 vs. price of Rp2,030.00 (7.1% above fair value)
  • GF Score™: 97/100 with 1 warning sign

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


PT Japfa Comfeed Indonesia Tbk Business Description

Other Exchanges JPFAF:USA
Address Jalan M.T. Haryono Kav. 16, Wisma Millenia, 7th Floor, Jakarta, IDN, 12810
PT Japfa Comfeed Indonesia Tbk is a farm products company that predominantly produces animal feed. The company's business segments are: Animal feed, Poultry breeding, Commercial farm, Poultry processing and Consumer Products, Aquaculture, Trading, and Others. The company's activities include production and marketing of animal feed products, breeding poultry, running broiler farms and chicken slaughtering, processing and selling chicken meat, shrimp and freshwater fish breeding, beef cattle breeding and meat production, and provision of animal vaccine units, freight business units, among others. A vast majority of the company's revenue is generated by the Animal feed segment.
97GF Score

Get the complete analysis for ISX:JPFA

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

Rp2,030.00
Price
Rp1,895.57
GF Value