PT Victoria Investama Tbk (ISX:VICO) Cyclically Adjusted Book per Share: Rp242.91 (As of Jun. 2026)

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ISX:VICO PT Victoria Investama Tbk ISX:VICO
73 GF Score
Price Rp161.00
GF Value Rp172.10
Valuation Fairly Valued
! 5 Warning Signs
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What is PT Victoria Investama Tbk Cyclically Adjusted Book per Share?

PT Victoria Investama Tbk ISX:VICO +5.92% 73 Cyclically Adjusted Book per Share is Rp242.91 as of Jun. 2026. GuruFocus rates ISX:VICO with a GF Score™ of 73/100 and a GF Value™ of Rp172.10 (Fairly Valued). The stock has 5 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 Victoria Investama Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp243.298. 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 Rp242.91 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Victoria Investama Tbk's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.30% 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 Victoria Investama Tbk was 4.30% per year. The lowest was 4.30% per year. And the median was 4.30% per year.

As of today (2026-09-09), PT Victoria Investama Tbk's current stock price is Rp161.00. PT Victoria Investama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp242.91. PT Victoria Investama Tbk's Cyclically Adjusted PB Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Victoria Investama Tbk was 1.32. The lowest was 0.41. And the median was 0.67.


PT Victoria Investama Tbk  (ISX:VICO) 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 Victoria Investama Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=161.00/242.91
=0.66

* 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 Victoria Investama Tbk was 1.32. The lowest was 0.41. And the median was 0.67.


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 Victoria Investama Tbk Cyclically Adjusted Book per Share Related Terms


PT Victoria Investama Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Victoria Investama 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 Victoria Investama Tbk Cyclically Adjusted Book per Share Chart

PT Victoria Investama 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 0.00 208.28 215.94 223.51 236.41

PT Victoria Investama 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 229.49 232.44 236.41 240.00 242.91

ISX:VICO vs BLK, BX, KKR: Cyclically Adjusted Book per Share Comparison

For the Asset Management subindustry, PT Victoria Investama 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 Victoria Investama Tbk Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Victoria Investama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:VICO
73GF Score
PT Victoria Investama Tbk ISX:VICO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Victoria Investama 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 Victoria Investama 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)
=243.298/137.6954*137.6954
=243.298

Current CPI (Jun. 2026) = 137.6954.

PT Victoria Investama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 148.005 104.142 195.690
201612 197.766 105.222 258.800
201703 203.695 106.476 263.420
201706 219.059 107.722 280.013
201709 222.385 108.020 283.478
201712 211.187 109.017 266.743
201803 217.507 110.097 272.031
201806 206.474 111.085 255.936
201809 214.398 111.135 265.639
201812 206.955 112.430 253.462
201903 198.518 112.829 242.270
201906 200.579 114.730 240.728
201909 206.463 114.905 247.414
201912 217.879 115.486 259.780
202003 197.486 116.252 233.913
202006 219.164 116.630 258.749
202009 218.783 116.397 258.817
202012 200.725 117.318 235.589
202103 193.192 117.840 225.744
202106 197.085 118.184 229.623
202109 200.401 118.262 233.332
202112 216.503 119.516 249.435
202203 206.378 120.948 234.954
202206 226.061 123.322 252.408
202209 201.556 125.298 221.498
202212 205.297 126.098 224.179
202303 222.665 126.953 241.507
202306 207.631 127.663 223.948
202309 209.574 128.151 225.182
202312 205.169 129.395 218.331
202403 211.411 130.607 222.885
202406 211.153 130.792 222.299
202409 213.090 130.361 225.079
202412 210.346 131.432 220.371
202503 211.672 131.948 220.891
202506 244.984 133.241 253.175
202509 249.031 133.819 256.245
202512 248.066 135.271 252.512
202603 244.925 136.539 247.000
202606 243.298 137.695 243.298

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 Rp242.91 mean?
PT Victoria Investama Tbk (ISX:VICO) has a Cyclically Adjusted Book per Share of Rp242.91 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 Victoria Investama Tbk and its competitors.
Is PT Victoria Investama Tbk's Cyclically Adjusted Book per Share too high?
PT Victoria Investama Tbk's current Cyclically Adjusted Book per Share is Rp242.91. Overall, PT Victoria Investama Tbk has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Victoria Investama Tbk's Cyclically Adjusted Book per Share compare to BLK and BX?
PT Victoria Investama Tbk's Cyclically Adjusted Book per Share of Rp242.91 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Cyclically Adjusted Book per Share depends on the Asset Management 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 Victoria Investama Tbk and its competitors. PT Victoria Investama Tbk's current Cyclically Adjusted Book per Share is Rp242.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Victoria Investama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Victoria Investama Tbk (ISX:VICO) is currently considered Fairly Valued. The stock's GF Value™ is Rp172.10, compared to a current price of Rp161.00 — trading 6.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp242.91. PT Victoria Investama Tbk's overall GF Score™ is 73/100 with 5 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 Victoria Investama Tbk (ISX:VICO), the current Cyclically Adjusted Book per Share is Rp242.91 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 Victoria Investama Tbk (ISX:VICO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Victoria Investama Tbk stock appears to be undervalued. The current stock price of Rp161.00 is trading 6.4% below its estimated GF Value™ of Rp172.10. GuruFocus considers PT Victoria Investama Tbk to be Fairly Valued.

Key valuation signals for ISX:VICO:

  • Cyclically Adjusted Book per Share: Rp242.91
  • GF Value™: Rp172.10 vs. price of Rp161.00 (6.4% below fair value)
  • GF Score™: 73/100 with 5 warning signs

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


PT Victoria Investama Tbk Business Description

Address Jalan Jend. Gatot Subroto Kav. 23, Graha BIP, Lantai 3A, South jakarta, Karet Semanggi, Setiabudi, Jakarta, IDN, 12930
PT Victoria Investama Tbk is a holding company engaged in the investment sector, with a focus on providing integrated financial services for both corporate clients and retail customers. It provides various services including Securities Trading, Securities Underwriting, Asset Management, General Insurance, Life Insurance, as well as Banking. The company's segments include consulting services, underwriting and securities trading brokerage, loss insurance, investment management, life insurance and banking. The banking segment is the main revenue contributor.
73GF Score

Get the complete analysis for ISX:VICO

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

Rp161.00
Price
Rp172.10
GF Value