PT Harum Energy Tbk (FRA:44H) Cyclically Adjusted PB Ratio: 1.02 (As of Jul. 26, 2026) — 59% Below Median

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FRA:44H PT Harum Energy Tbk FRA:44H
85 GF Score
Price €0.03
GF Value €0.08
Valuation Possible Value Trap
! 7 Warning Signs
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What is PT Harum Energy Tbk Cyclically Adjusted PB Ratio?

PT Harum Energy Tbk FRA:44H -6.15% 85 Cyclically Adjusted PB Ratio is 1.02 as of Jul. 26, 2026, which is 59% below its 10-year median of 2.49. GuruFocus rates FRA:44H with a GF Score™ of 85/100 and a GF Value™ of €0.08 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 137 Other Energy Sources companies, PT Harum Energy Tbk ranks worse than 50.36% on this metric.

As of today (2026-07-26), PT Harum Energy Tbk's current share price is €0.0305. PT Harum Energy Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.03. PT Harum Energy Tbk's Cyclically Adjusted PB Ratio for today is 1.02.

The historical rank and industry rank for PT Harum Energy Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:44H' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 2.49   Max: 7.31
Current: 1.14

During the past years, PT Harum Energy Tbk's highest Cyclically Adjusted PB Ratio was 7.31. The lowest was 0.70. And the median was 2.49.

FRA:44H's Cyclically Adjusted PB Ratio is ranked worse than
50.36% of 137 companies
in the Other Energy Sources industry
Industry Median: 1.14 vs FRA:44H: 1.14

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 Harum Energy Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was €0.062. 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 €0.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Harum Energy Tbk  (FRA:44H) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PT Harum Energy Tbk Cyclically Adjusted PB Ratio Related Terms


PT Harum Energy Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Harum Energy Tbk's Cyclically Adjusted PB Ratio 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 Harum Energy Tbk Cyclically Adjusted PB Ratio Chart

PT Harum Energy Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.71 3.84 2.69 1.76 1.57

PT Harum Energy 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 PB Ratio 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 1.14 1.31 1.72 1.57 1.44

PT Harum Energy Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, PT Harum Energy 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 Harum Energy Tbk Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Harum Energy Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:44H
85GF Score
PT Harum Energy Tbk FRA:44H
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Harum Energy Tbk Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

PT Harum Energy Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.0305/0.03
=1.02

* 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 Harum Energy Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Harum Energy 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)
=0.062/136.5387*136.5387
=0.062

Current CPI (Mar. 2026) = 136.5387.

PT Harum Energy Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.018 103.212 0.024
201609 0.019 104.142 0.025
201612 0.020 105.222 0.026
201703 0.021 106.476 0.027
201706 0.020 107.722 0.025
201709 0.020 108.020 0.025
201712 0.021 109.017 0.026
201803 0.021 110.097 0.026
201806 0.019 111.085 0.023
201809 0.019 111.135 0.023
201812 0.021 112.430 0.026
201903 0.021 112.829 0.025
201906 0.021 114.730 0.025
201909 0.022 114.905 0.026
201912 0.022 115.486 0.026
202003 0.022 116.252 0.026
202006 0.022 116.630 0.026
202009 0.023 116.397 0.027
202012 0.024 117.318 0.028
202103 0.026 117.840 0.030
202106 0.025 118.184 0.029
202109 0.029 118.262 0.033
202112 0.033 119.516 0.038
202203 0.039 120.948 0.044
202206 0.046 123.322 0.051
202209 0.056 125.298 0.061
202212 0.052 126.098 0.056
202303 0.059 126.953 0.063
202306 0.061 127.663 0.065
202309 0.059 128.151 0.063
202312 0.061 129.395 0.064
202403 0.061 130.607 0.064
202406 0.064 130.792 0.067
202409 0.093 130.361 0.097
202412 0.064 131.432 0.066
202503 0.063 131.948 0.065
202506 0.061 133.241 0.063
202509 0.060 133.819 0.061
202512 0.060 135.271 0.061
202603 0.062 136.539 0.062

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 1.02 mean?
PT Harum Energy Tbk (FRA:44H) has a Cyclically Adjusted PB Ratio of 1.02 as of Jul. 26, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Harum Energy Tbk and its competitors. This is 59% below median its historical median of 2.49. Over the past decade, PT Harum Energy Tbk's Cyclically Adjusted PB Ratio has ranged from 0.70 to 7.31. According to the industry distribution chart, PT Harum Energy Tbk ranks #69 out of 137 companies in the Other Energy Sources industry, placing it in the top 50.4%.
Is PT Harum Energy Tbk's Cyclically Adjusted PB Ratio too high?
PT Harum Energy Tbk's current Cyclically Adjusted PB Ratio of 1.02 is 59% below median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 7.31. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.14. PT Harum Energy Tbk's value of 1.02 is 10.5% below this industry median. Based on the distribution chart, PT Harum Energy Tbk ranks #69 out of 137 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, PT Harum Energy Tbk has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Harum Energy Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Harum Energy Tbk ranks #69 out of 137 companies for Cyclically Adjusted PB Ratio. This places PT Harum Energy Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. PT Harum Energy Tbk's value of 1.02 is 10.5% below this benchmark. Historically, PT Harum Energy Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 7.31 over the past decade. While the company's 10-year median is 2.49 vs. the industry median of 1.14, PT Harum Energy Tbk has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.14, based on 137 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Harum Energy Tbk's current Cyclically Adjusted PB Ratio of 1.02 is 10.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Harum Energy Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Harum Energy Tbk's current Cyclically Adjusted PB Ratio is 1.02, which is 59% below median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Harum Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Harum Energy Tbk (FRA:44H) is currently considered Possible Value Trap. The stock's GF Value™ is €0.08, compared to a current price of €0.03 — trading 61.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.02, which is 59% below median its 10-year median of 2.49 and 10.5% below the Other Energy Sources industry median of 1.14. PT Harum Energy Tbk's overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PT Harum Energy Tbk (FRA:44H), the current Cyclically Adjusted PB Ratio is 1.02 as of Jul. 26, 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 Harum Energy Tbk (FRA:44H) Overvalued in 2026?

Based on GuruFocus' analysis, PT Harum Energy Tbk stock appears to be undervalued. The current stock price of €0.03 is trading 61.9% below its estimated GF Value™ of €0.08. GuruFocus considers PT Harum Energy Tbk to be Possible Value Trap.

Key valuation signals for FRA:44H:

  • Cyclically Adjusted PB Ratio: 1.02 (59% below median its 10-year median of 2.49)
  • GF Value™: €0.08 vs. price of €0.03 (61.9% below fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 10.5% below the Other Energy Sources median (#69 of 137)

No single metric tells the full story. See the FRA:44H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Harum Energy Tbk Business Description

Other Exchanges HRUM:Indonesia
Address Jalan Imam Bonjol No. 80, Deutsche Bank Building, 9th Floor, Jakarta Pusat, Jakarta, IDN, 10310
PT Harum Energy Tbk is a holding company engaged in the coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is broken down into various segments, which include Coal mining sectors; Rental and service sectors; Nickel Smelter; and Other sectors. It serves coal-fired power-generating and manufacturing companies. Geographically, the firm generates revenue from East Asia, South Asia, Southeast Asia, and Europe. The firm generates the majority of its revenue from the Nickel Smelter, which consists of the Nickel Smelter sector by IMI, WMI, and BSE.
85GF Score

Get the complete analysis for FRA:44H

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

€0.03
Price
€0.08
GF Value