PT Indo Acidatama Tbk (ISX:SRSN) Cyclically Adjusted Book per Share: Rp109.48 (As of Mar. 2026)


ISX:SRSN PT Indo Acidatama Tbk ISX:SRSN
87 GF Score
Price Rp68.00
GF Value Rp59.76
Valuation Modestly Overvalued
! 3 Warning Signs
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What is PT Indo Acidatama Tbk Cyclically Adjusted Book per Share?

PT Indo Acidatama Tbk ISX:SRSN +1.49% 87 Cyclically Adjusted Book per Share is Rp109.48 as of Mar. 2026. GuruFocus rates ISX:SRSN with a GF Score™ of 87/100 and a GF Value™ of Rp59.76 (Modestly Overvalued). The stock has 3 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 Indo Acidatama Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp139.323. 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 Rp109.48 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Indo Acidatama Tbk's average Cyclically Adjusted Book Growth Rate was 9.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% 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 Indo Acidatama Tbk was 8.40% per year. The lowest was 7.80% per year. And the median was 8.10% per year.

As of today (2026-07-07), PT Indo Acidatama Tbk's current stock price is Rp68.00. PT Indo Acidatama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp109.48. PT Indo Acidatama Tbk's Cyclically Adjusted PB Ratio of today is 0.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Indo Acidatama Tbk was 0.91. The lowest was 0.49. And the median was 0.61.


PT Indo Acidatama Tbk  (ISX:SRSN) 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 Indo Acidatama Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=68.00/109.48
=0.62

* 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 Indo Acidatama Tbk was 0.91. The lowest was 0.49. And the median was 0.61.


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 Indo Acidatama Tbk Cyclically Adjusted Book per Share Related Terms


PT Indo Acidatama Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Indo Acidatama 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 77.20 85.37 91.92 98.23 106.80

PT Indo Acidatama 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 99.93 102.23 104.10 106.80 109.48

ISX:SRSN vs DOW: Cyclically Adjusted Book per Share Comparison

For the Chemicals subindustry, PT Indo Acidatama 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 Indo Acidatama Tbk Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Indo Acidatama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:SRSN
87GF Score
PT Indo Acidatama Tbk ISX:SRSN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indo Acidatama 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 Indo Acidatama 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)
=139.323/136.5387*136.5387
=139.323

Current CPI (Mar. 2026) = 136.5387.

PT Indo Acidatama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 59.036 103.212 78.098
201609 58.662 104.142 76.910
201612 66.786 105.222 86.663
201703 66.714 106.476 85.550
201706 67.193 107.722 85.168
201709 68.459 108.020 86.533
201712 69.021 109.017 86.446
201803 0.000 110.097 0.000
201806 0.000 111.085 0.000
201809 74.345 111.135 91.339
201812 79.367 112.430 96.386
201903 81.644 112.829 98.801
201906 81.706 114.730 97.237
201909 83.787 114.905 99.562
201912 85.482 115.486 101.065
202003 87.773 116.252 103.090
202006 88.779 116.630 103.934
202009 88.216 116.397 103.482
202012 97.656 117.318 113.655
202103 98.142 117.840 113.715
202106 98.360 118.184 113.636
202109 99.257 118.262 114.597
202112 101.031 119.516 115.421
202203 100.344 120.948 113.279
202206 100.572 123.322 111.350
202209 101.846 125.298 110.982
202212 109.359 126.098 118.414
202303 110.286 126.953 118.614
202306 111.327 127.663 119.067
202309 116.233 128.151 123.840
202312 118.038 129.395 124.555
202403 119.498 130.607 124.925
202406 120.653 130.792 125.955
202409 120.302 130.361 126.003
202412 122.684 131.432 127.451
202503 124.301 131.948 128.625
202506 125.801 133.241 128.915
202509 129.221 133.819 131.847
202512 134.521 135.271 135.782
202603 139.323 136.539 139.323

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 Rp109.48 mean?
PT Indo Acidatama Tbk (ISX:SRSN) has a Cyclically Adjusted Book per Share of Rp109.48 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 Indo Acidatama Tbk and its competitors.
Is PT Indo Acidatama Tbk's Cyclically Adjusted Book per Share too high?
PT Indo Acidatama Tbk's current Cyclically Adjusted Book per Share is Rp109.48. Overall, PT Indo Acidatama Tbk has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indo Acidatama Tbk's Cyclically Adjusted Book per Share compare to DOW?
PT Indo Acidatama Tbk's Cyclically Adjusted Book per Share of Rp109.48 can be compared against companies in the Chemicals 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 Chemicals company?
A good Cyclically Adjusted Book per Share depends on the Chemicals 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 Indo Acidatama Tbk and its competitors. PT Indo Acidatama Tbk's current Cyclically Adjusted Book per Share is Rp109.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indo Acidatama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indo Acidatama Tbk (ISX:SRSN) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp59.76, compared to a current price of Rp68.00 — trading 13.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp109.48. PT Indo Acidatama Tbk's overall GF Score™ is 87/100 with 3 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 Indo Acidatama Tbk (ISX:SRSN), the current Cyclically Adjusted Book per Share is Rp109.48 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 Indo Acidatama Tbk (ISX:SRSN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indo Acidatama Tbk stock appears to be overvalued. The current stock price of Rp68.00 is trading 13.8% above its estimated GF Value™ of Rp59.76. GuruFocus considers PT Indo Acidatama Tbk to be Modestly Overvalued.

Key valuation signals for ISX:SRSN:

  • Cyclically Adjusted Book per Share: Rp109.48
  • GF Value™: Rp59.76 vs. price of Rp68.00 (13.8% above fair value)
  • GF Score™: 87/100 with 3 warning signs

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


PT Indo Acidatama Tbk Business Description

Address Jalan Raya Perjuangan 88, Graha Kencana, 9th Floor-Suite A, Jakarta Barat, Jakarta, IDN, 11530
PT Indo Acidatama Tbk is an Indonesian-based company engaged in manufacturing ethanol. The company produces acetic acid, ethyl acetate, bio-organic fertilizers, methylated spirit, and carbonic acid gas. It operates business activity in segments such as Ethanol, Acetic Acid, and Others. The fertilizers of the company are marketed under the brand names Pomi, Randex, Beka, and Alfinas. The company earns the majority of its revenue from the Ethanol segment.
87GF Score

Get the complete analysis for ISX:SRSN

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

Rp68.00
Price
Rp59.76
GF Value