PT Golden Flower Tbk (ISX:POLU) Cyclically Adjusted Book per Share: Rp180.49 (As of Mar. 2026)


ISX:POLU PT Golden Flower Tbk ISX:POLU
47 GF Score
Price Rp12,400.00
GF Value Rp1,640.35
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Golden Flower Tbk Cyclically Adjusted Book per Share?

PT Golden Flower Tbk ISX:POLU -1.59% 47 Cyclically Adjusted Book per Share is Rp180.49 as of Mar. 2026. GuruFocus rates ISX:POLU with a GF Score™ of 47/100 and a GF Value™ of Rp1,640.35 (Significantly Overvalued). 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 Golden Flower Tbk's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was Rp148.911. 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 Rp180.49 for the trailing ten years ended in Dec. 2025.

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 (2026-07-07), PT Golden Flower Tbk's current stock price is Rp 12400.00. PT Golden Flower Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was Rp180.49. PT Golden Flower Tbk's Cyclically Adjusted PB Ratio of today is 68.70.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of PT Golden Flower Tbk was 150.15. The lowest was 69.81. And the median was 108.87.


PT Golden Flower Tbk  (ISX:POLU) 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 Golden Flower Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12400.00/180.49
=68.70

* 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 10 years, the highest Cyclically Adjusted PB Ratio of PT Golden Flower Tbk was 150.15. The lowest was 69.81. And the median was 108.87.


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 Golden Flower Tbk Cyclically Adjusted Book per Share Related Terms


PT Golden Flower Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Golden Flower 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 0.00 0.00 180.49

PT Golden Flower 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 0.00 0.00 0.00 180.49 0.00

ISX:POLU vs RL, LEVI, VFC: Cyclically Adjusted Book per Share Comparison

For the Apparel Manufacturing subindustry, PT Golden Flower 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 Golden Flower Tbk Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Golden Flower Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:POLU
47GF Score
PT Golden Flower Tbk ISX:POLU
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Golden Flower 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 Golden Flower Tbk's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=148.911/135.2711*135.2711
=148.911

Current CPI (Dec. 2025) = 135.2711.

PT Golden Flower Tbk Annual Data

Book Value per Share CPI Adj_Book
201612 94.475 105.222 121.455
201712 92.134 109.017 114.322
201812 149.724 112.430 180.142
201912 219.756 115.486 257.405
202012 214.553 117.318 247.386
202112 184.824 119.516 209.188
202212 171.925 126.098 184.432
202312 162.043 129.395 169.402
202412 167.355 131.432 172.244
202512 148.911 135.271 148.911

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 Rp180.49 mean?
PT Golden Flower Tbk (ISX:POLU) has a Cyclically Adjusted Book per Share of Rp180.49 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 Golden Flower Tbk and its competitors.
Is PT Golden Flower Tbk's Cyclically Adjusted Book per Share too high?
PT Golden Flower Tbk's current Cyclically Adjusted Book per Share is Rp180.49. Overall, PT Golden Flower Tbk has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Golden Flower Tbk's Cyclically Adjusted Book per Share compare to RL and LEVI?
PT Golden Flower Tbk's Cyclically Adjusted Book per Share of Rp180.49 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories 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 Golden Flower Tbk and its competitors. PT Golden Flower Tbk's current Cyclically Adjusted Book per Share is Rp180.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Golden Flower Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Golden Flower Tbk (ISX:POLU) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,640.35, compared to a current price of Rp12,400.00 — trading 655.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp180.49. PT Golden Flower Tbk's overall GF Score™ is 47/100 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 Golden Flower Tbk (ISX:POLU), the current Cyclically Adjusted Book per Share is Rp180.49 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 Golden Flower Tbk (ISX:POLU) Overvalued in 2026?

Based on GuruFocus' analysis, PT Golden Flower Tbk stock appears to be overvalued. The current stock price of Rp12,400.00 is trading 655.9% above its estimated GF Value™ of Rp1,640.35. GuruFocus considers PT Golden Flower Tbk to be Significantly Overvalued.

Key valuation signals for ISX:POLU:

  • Cyclically Adjusted Book per Share: Rp180.49
  • GF Value™: Rp1,640.35 vs. price of Rp12,400.00 (655.9% above fair value)
  • GF Score™: 47/100 with 1 warning sign

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


PT Golden Flower Tbk Business Description

Address Jalan Karimunjawa, Gedanganak Ungaran, Jawa Tengah, Semarang, IDN, 50519
PT Golden Flower Tbk is a garment manufacturer and exporter in Indonesia. The company's operating segment includes Ladies' blouses, Man shirts, and Uniform, accessories, and others. It generates maximum revenue from the Ladies' blouse segment. Some of its products include Non-Iron Shirt; Casual shirts; Skirt; Dresses; Night Wear and others.
47GF Score

Get the complete analysis for ISX:POLU

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

Rp12,400.00
Price
Rp1,640.35
GF Value