PT Malindo Feedmill Tbk (ISX:MAIN) Cyclically Adjusted Book per Share: Rp1,077.06 (As of Jun. 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:MAIN PT Malindo Feedmill Tbk ISX:MAIN
97 GF Score
Price Rp675.00
GF Value Rp820.99
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is PT Malindo Feedmill Tbk Cyclically Adjusted Book per Share?

PT Malindo Feedmill Tbk ISX:MAIN 97 Cyclically Adjusted Book per Share is Rp1,077.06 as of Jun. 2026. GuruFocus rates ISX:MAIN with a GF Score™ of 97/100 and a GF Value™ of Rp820.99 (Modestly Undervalued). 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 Malindo Feedmill Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp1,284.209. 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 Rp1,077.06 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Malindo Feedmill Tbk's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 Malindo Feedmill Tbk was 11.90% per year. The lowest was 5.40% per year. And the median was 8.50% per year.

As of today (2026-08-23), PT Malindo Feedmill Tbk's current stock price is Rp675.00. PT Malindo Feedmill Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp1,077.06. PT Malindo Feedmill Tbk's Cyclically Adjusted PB Ratio of today is 0.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Malindo Feedmill Tbk was 3.07. The lowest was 0.45. And the median was 0.80.


PT Malindo Feedmill Tbk  (ISX:MAIN) 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 Malindo Feedmill Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=675.00/1077.06
=0.63

* 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 Malindo Feedmill Tbk was 3.07. The lowest was 0.45. And the median was 0.80.


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 Malindo Feedmill Tbk Cyclically Adjusted Book per Share Related Terms


PT Malindo Feedmill Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Malindo Feedmill 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 807.22 890.56 934.55 972.14 1,041.90

PT Malindo Feedmill Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1,006.20 1,021.25 1,041.90 1,061.56 1,077.06

ISX:MAIN vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, PT Malindo Feedmill 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 Malindo Feedmill Tbk Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


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

PT Malindo Feedmill 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 Malindo Feedmill Tbk's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1284.209/137.6954*137.6954
=1,284.209

Current CPI (Jun. 2026) = 137.6954.

PT Malindo Feedmill Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 796.737 104.142 1,053.433
201612 753.981 105.222 986.674
201703 832.446 106.476 1,076.525
201706 795.469 107.722 1,016.811
201709 784.682 108.020 1,000.247
201712 732.014 109.017 924.581
201803 783.153 110.097 979.473
201806 815.889 111.085 1,011.338
201809 845.256 111.135 1,047.270
201812 847.955 112.430 1,038.509
201903 888.752 112.829 1,084.629
201906 891.142 114.730 1,069.519
201909 913.235 114.905 1,094.371
201912 906.942 115.486 1,081.359
202003 913.583 116.252 1,082.096
202006 887.827 116.630 1,048.186
202009 875.383 116.397 1,035.565
202012 887.075 117.318 1,041.153
202103 926.949 117.840 1,083.137
202106 944.812 118.184 1,100.795
202109 895.766 118.262 1,042.965
202112 915.717 119.516 1,055.004
202203 920.457 120.948 1,047.909
202206 886.080 123.322 989.351
202209 893.055 125.298 981.414
202212 927.902 126.098 1,013.245
202303 850.688 126.953 922.674
202306 869.564 127.663 937.899
202309 948.366 128.151 1,018.995
202312 957.094 129.395 1,018.492
202403 996.247 130.607 1,050.316
202406 1,087.660 130.792 1,145.072
202409 1,118.186 130.361 1,181.099
202412 1,176.901 131.432 1,232.991
202503 1,205.685 131.948 1,258.198
202506 1,126.602 133.241 1,164.269
202509 1,175.537 133.819 1,209.589
202512 1,291.606 135.271 1,314.754
202603 1,347.008 136.539 1,358.419
202606 1,284.209 137.695 1,284.209

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 Rp1,077.06 mean?
PT Malindo Feedmill Tbk (ISX:MAIN) has a Cyclically Adjusted Book per Share of Rp1,077.06 as of Jun. 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 Malindo Feedmill Tbk and its competitors.
Is PT Malindo Feedmill Tbk's Cyclically Adjusted Book per Share too high?
PT Malindo Feedmill Tbk's current Cyclically Adjusted Book per Share is Rp1,077.06. Overall, PT Malindo Feedmill Tbk has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Malindo Feedmill Tbk's Cyclically Adjusted Book per Share compare to KHC and GIS?
PT Malindo Feedmill Tbk's Cyclically Adjusted Book per Share of Rp1,077.06 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 Malindo Feedmill Tbk and its competitors. PT Malindo Feedmill Tbk's current Cyclically Adjusted Book per Share is Rp1,077.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Malindo Feedmill Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Malindo Feedmill Tbk (ISX:MAIN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp820.99, compared to a current price of Rp675.00 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp1,077.06. PT Malindo Feedmill 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 Malindo Feedmill Tbk (ISX:MAIN), the current Cyclically Adjusted Book per Share is Rp1,077.06 as of Jun. 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 Malindo Feedmill Tbk (ISX:MAIN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Malindo Feedmill Tbk stock appears to be undervalued. The current stock price of Rp675.00 is trading 17.8% below its estimated GF Value™ of Rp820.99. GuruFocus considers PT Malindo Feedmill Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MAIN:

  • Cyclically Adjusted Book per Share: Rp1,077.06
  • GF Value™: Rp820.99 vs. price of Rp675.00 (17.8% below fair value)
  • GF Score™: 97/100 with 1 warning sign

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


PT Malindo Feedmill Tbk Business Description

Address Jalan RS. Fatmawati No. 15, Komplek Golden Plaza Blok G No.17-22, Jakarta Selatan, Jakarta, IDN, 12420
PT Malindo Feedmill Tbk is an Indonesian company engaged in the poultry feeds industry and day-old chicken farm. The company's chief business segments are the Feedmill segment, the Breeder segment, the Broiler segment, and the Food and Poultry Processing segment. It generates the majority of the revenue from the Feedmill segment, in which the company produces animal feed such as breeder feed, chicken broiler feed, chicken layer feed, swine feed, and other animal feed products. The company produces and markets Parent Stock and Day Old Chick in the Chicken breeding segment.
97GF Score

Get the complete analysis for ISX:MAIN

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

Rp675.00
Price
Rp820.99
GF Value