PT Kimia Farma Tbk (ISX:KAEF) Cyclically Adjusted Book per Share: Rp978.10 (As of Mar. 2026)


ISX:KAEF PT Kimia Farma Tbk ISX:KAEF
51 GF Score
Price Rp468.00
GF Value Rp581.63
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Kimia Farma Tbk Cyclically Adjusted Book per Share?

PT Kimia Farma Tbk ISX:KAEF +4.00% 51 Cyclically Adjusted Book per Share is Rp978.10 as of Mar. 2026. GuruFocus rates ISX:KAEF with a GF Score™ of 51/100 and a GF Value™ of Rp581.63 (Modestly Undervalued). 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 Kimia Farma Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp328.181. 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 Rp978.10 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Kimia Farma Tbk's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PT Kimia Farma Tbk was 15.40% per year. The lowest was 7.30% per year. And the median was 12.80% per year.

As of today (2026-07-08), PT Kimia Farma Tbk's current stock price is Rp468.00. PT Kimia Farma Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp978.10. PT Kimia Farma Tbk's Cyclically Adjusted PB Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Kimia Farma Tbk was 9.69. The lowest was 0.41. And the median was 1.11.


PT Kimia Farma Tbk  (ISX:KAEF) 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 Kimia Farma Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=468.00/978.10
=0.48

* 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 Kimia Farma Tbk was 9.69. The lowest was 0.41. And the median was 1.11.


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 Kimia Farma Tbk Cyclically Adjusted Book per Share Related Terms


PT Kimia Farma Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Kimia Farma 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 663.76 788.79 895.54 952.15 973.93

PT Kimia Farma 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 955.37 964.55 967.66 973.93 978.10

ISX:KAEF vs MCK, CAH, COR: Cyclically Adjusted Book per Share Comparison

For the Medical Distribution subindustry, PT Kimia Farma 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 Kimia Farma Tbk Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, PT Kimia Farma Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:KAEF
51GF Score
PT Kimia Farma Tbk ISX:KAEF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Kimia Farma 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 Kimia Farma 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)
=328.181/136.5387*136.5387
=328.181

Current CPI (Mar. 2026) = 136.5387.

PT Kimia Farma Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 395.942 103.212 523.788
201609 411.313 104.142 539.263
201612 399.884 105.222 518.900
201703 403.657 106.476 517.627
201706 403.756 107.722 511.767
201709 425.498 108.020 537.833
201712 578.261 109.017 724.246
201803 457.520 110.097 567.404
201806 451.465 111.085 554.914
201809 470.782 111.135 578.398
201812 718.724 112.430 872.843
201903 406.526 112.829 491.955
201906 1,328.090 114.730 1,580.540
201909 1,323.500 114.905 1,572.687
201912 1,303.906 115.486 1,541.605
202003 1,240.731 116.252 1,457.243
202006 1,228.959 116.630 1,438.744
202009 1,226.023 116.397 1,438.183
202012 1,259.164 117.318 1,465.457
202103 1,263.856 117.840 1,464.406
202106 1,264.452 118.184 1,460.830
202109 1,286.129 118.262 1,484.896
202112 1,043.787 119.516 1,192.453
202203 1,288.188 120.948 1,454.238
202206 1,294.036 123.322 1,432.716
202209 1,297.923 125.298 1,414.357
202212 1,036.484 126.098 1,122.306
202303 1,477.767 126.953 1,589.353
202306 1,430.178 127.663 1,529.612
202309 1,447.632 128.151 1,542.377
202312 572.225 129.395 603.818
202403 1,013.790 130.607 1,059.833
202406 990.517 130.792 1,034.041
202409 957.722 130.361 1,003.108
202412 412.007 131.432 428.017
202503 421.529 131.948 436.193
202506 394.937 133.241 404.713
202509 379.719 133.819 387.436
202512 314.807 135.271 317.757
202603 328.181 136.539 328.181

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 Rp978.10 mean?
PT Kimia Farma Tbk (ISX:KAEF) has a Cyclically Adjusted Book per Share of Rp978.10 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 Kimia Farma Tbk and its competitors.
Is PT Kimia Farma Tbk's Cyclically Adjusted Book per Share too high?
PT Kimia Farma Tbk's current Cyclically Adjusted Book per Share is Rp978.10. Overall, PT Kimia Farma Tbk has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Kimia Farma Tbk's Cyclically Adjusted Book per Share compare to MCK and CAH?
PT Kimia Farma Tbk's Cyclically Adjusted Book per Share of Rp978.10 can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good Cyclically Adjusted Book per Share depends on the Medical Distribution 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 Kimia Farma Tbk and its competitors. PT Kimia Farma Tbk's current Cyclically Adjusted Book per Share is Rp978.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Kimia Farma Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Kimia Farma Tbk (ISX:KAEF) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp581.63, compared to a current price of Rp468.00 — trading 19.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp978.10. PT Kimia Farma Tbk's overall GF Score™ is 51/100 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 Kimia Farma Tbk (ISX:KAEF), the current Cyclically Adjusted Book per Share is Rp978.10 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 Kimia Farma Tbk (ISX:KAEF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Kimia Farma Tbk stock appears to be undervalued. The current stock price of Rp468.00 is trading 19.5% below its estimated GF Value™ of Rp581.63. GuruFocus considers PT Kimia Farma Tbk to be Modestly Undervalued.

Key valuation signals for ISX:KAEF:

  • Cyclically Adjusted Book per Share: Rp978.10
  • GF Value™: Rp581.63 vs. price of Rp468.00 (19.5% below fair value)
  • GF Score™: 51/100 with 4 warning signs

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


PT Kimia Farma Tbk Business Description

Address Jalan Veteran No. 9 Gambir, Jakarta Pusat, Jakarta, IDN, 10110
PT Kimia Farma Tbk is an Indonesia-based company engaged in the production and distribution of healthcare products. It operates through the following segments: Manufacture, Distribution, Retail, and Others. The company provides its products in categories including OTC & Herb, Ethical, Cosmetic, Generic, and others. Some of its product offerings include Alergine, Kimoxil, Loprezol, Enkasari, and Batugin among others. It generates maximum revenue from the Retail segment.
51GF Score

Get the complete analysis for ISX:KAEF

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

Rp468.00
Price
Rp581.63
GF Value