PT Indofood CBP Sukses Makmur Tbk (FRA:48I) Cyclically Adjusted PB Ratio: 2.27 (As of Aug. 04, 2026) — 48% Below Median

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FRA:48I PT Indofood CBP Sukses Makmur Tbk FRA:48I
60 GF Score
Price €0.34
GF Value €0.57
Valuation Significantly Undervalued
! 1 Warning Sign
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What is PT Indofood CBP Sukses Makmur Tbk Cyclically Adjusted PB Ratio?

PT Indofood CBP Sukses Makmur Tbk FRA:48I +7.59% 60 Cyclically Adjusted PB Ratio is 2.27 as of Aug. 04, 2026, which is 48% below its 10-year median of 4.39. GuruFocus rates FRA:48I with a GF Score™ of 60/100 and a GF Value™ of €0.57 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,425 Consumer Packaged Goods companies, PT Indofood CBP Sukses Makmur Tbk ranks worse than 71.93% on this metric.

As of today (2026-08-04), PT Indofood CBP Sukses Makmur Tbk's current share price is €0.34. PT Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.15. PT Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted PB Ratio for today is 2.27.

The historical rank and industry rank for PT Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:48I' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.08   Med: 4.39   Max: 5.28
Current: 2.28

During the past years, PT Indofood CBP Sukses Makmur Tbk's highest Cyclically Adjusted PB Ratio was 5.28. The lowest was 2.08. And the median was 4.39.

FRA:48I's Cyclically Adjusted PB Ratio is ranked worse than
71.93% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs FRA:48I: 2.28

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 Indofood CBP Sukses Makmur Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was €0.239. 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 €0.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indofood CBP Sukses Makmur Tbk  (FRA:48I) 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 Indofood CBP Sukses Makmur Tbk Cyclically Adjusted PB Ratio Related Terms


PT Indofood CBP Sukses Makmur Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur Tbk Cyclically Adjusted PB Ratio Chart

PT Indofood CBP Sukses Makmur 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 4.59 4.61 4.46 4.33 2.77

PT Indofood CBP Sukses Makmur 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 3.77 3.77 3.31 2.77 2.40

FRA:48I vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur Tbk Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted PB Ratio falls into.


FRA:48I
60GF Score
PT Indofood CBP Sukses Makmur Tbk FRA:48I
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Indofood CBP Sukses Makmur 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 Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.34/0.15
=2.27

* 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 Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Indofood CBP Sukses Makmur 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)
=0.239/136.5387*136.5387
=0.239

Current CPI (Mar. 2026) = 136.5387.

PT Indofood CBP Sukses Makmur Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.091 103.212 0.120
201609 0.098 104.142 0.128
201612 0.106 105.222 0.138
201703 0.113 106.476 0.145
201706 0.103 107.722 0.131
201709 0.102 108.020 0.129
201712 0.105 109.017 0.132
201803 0.104 110.097 0.129
201806 0.103 111.085 0.127
201809 0.103 111.135 0.127
201812 0.112 112.430 0.136
201903 0.123 112.829 0.149
201906 0.121 114.730 0.144
201909 0.132 114.905 0.157
201912 0.139 115.486 0.164
202003 0.139 116.252 0.163
202006 0.154 116.630 0.180
202009 0.132 116.397 0.155
202012 0.146 117.318 0.170
202103 0.158 117.840 0.183
202106 0.163 118.184 0.188
202109 0.163 118.262 0.188
202112 0.181 119.516 0.207
202203 0.196 120.948 0.221
202206 0.198 123.322 0.219
202209 0.203 125.298 0.221
202212 0.189 126.098 0.205
202303 0.210 126.953 0.226
202306 0.210 127.663 0.225
202309 0.214 128.151 0.228
202312 0.207 129.395 0.218
202403 0.216 130.607 0.226
202406 0.205 130.792 0.214
202409 0.232 130.361 0.243
202412 0.231 131.432 0.240
202503 0.230 131.948 0.238
202506 0.217 133.241 0.222
202509 0.218 133.819 0.222
202512 0.226 135.271 0.228
202603 0.239 136.539 0.239

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 2.27 mean?
PT Indofood CBP Sukses Makmur Tbk (FRA:48I) has a Cyclically Adjusted PB Ratio of 2.27 as of Aug. 04, 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 Indofood CBP Sukses Makmur Tbk and its competitors. This is 48% below median its historical median of 4.39. Over the past decade, PT Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted PB Ratio has ranged from 2.08 to 5.28. According to the industry distribution chart, PT Indofood CBP Sukses Makmur Tbk ranks #1025 out of 1425 companies in the Consumer Packaged Goods industry, placing it in the top 71.9%.
Is PT Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted PB Ratio too high?
PT Indofood CBP Sukses Makmur Tbk's current Cyclically Adjusted PB Ratio of 2.27 is 48% below median its 10-year median of 4.39. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 5.28. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. PT Indofood CBP Sukses Makmur Tbk's value of 2.27 is 83.1% above this industry median. Based on the distribution chart, PT Indofood CBP Sukses Makmur Tbk ranks #1025 out of 1425 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, PT Indofood CBP Sukses Makmur Tbk has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Indofood CBP Sukses Makmur Tbk's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Indofood CBP Sukses Makmur Tbk ranks #1025 out of 1425 companies for Cyclically Adjusted PB Ratio. This places PT Indofood CBP Sukses Makmur Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. PT Indofood CBP Sukses Makmur Tbk's value of 2.27 is 83.1% above this benchmark. Historically, PT Indofood CBP Sukses Makmur Tbk's own Cyclically Adjusted PB Ratio has ranged from 2.08 to 5.28 over the past decade. While the company's 10-year median is 4.39 vs. the industry median of 1.24, PT Indofood CBP Sukses Makmur Tbk has consistently been above 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 a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.24, based on 1,425 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 Indofood CBP Sukses Makmur Tbk's current Cyclically Adjusted PB Ratio of 2.27 is 83.1% above 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 Indofood CBP Sukses Makmur Tbk and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indofood CBP Sukses Makmur Tbk's current Cyclically Adjusted PB Ratio is 2.27, which is 48% below median its own 10-year median of 4.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indofood CBP Sukses Makmur Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indofood CBP Sukses Makmur Tbk (FRA:48I) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.57, compared to a current price of €0.34 — trading 40.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.27, which is 48% below median its 10-year median of 4.39 and 83.1% above the Consumer Packaged Goods industry median of 1.24. PT Indofood CBP Sukses Makmur Tbk's overall GF Score™ is 60/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PT Indofood CBP Sukses Makmur Tbk (FRA:48I), the current Cyclically Adjusted PB Ratio is 2.27 as of Aug. 04, 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 Indofood CBP Sukses Makmur Tbk (FRA:48I) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indofood CBP Sukses Makmur Tbk stock appears to be undervalued. The current stock price of €0.34 is trading 40.4% below its estimated GF Value™ of €0.57. GuruFocus considers PT Indofood CBP Sukses Makmur Tbk to be Significantly Undervalued.

Key valuation signals for FRA:48I:

  • Cyclically Adjusted PB Ratio: 2.27 (48% below median its 10-year median of 4.39)
  • GF Value™: €0.57 vs. price of €0.34 (40.4% below fair value)
  • GF Score™: 60/100 with 1 warning sign
  • Industry Position: 83.1% above the Consumer Packaged Goods median (#1025 of 1425)

No single metric tells the full story. See the FRA:48I stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Indofood CBP Sukses Makmur Tbk Business Description

Address Jalan Jenderal Sudirman, Kav. 76 - 78, Sudirman Plaza, Indofood Tower, 23rd Floor, Jakarta, IDN, 12910
PT Indofood CBP Sukses Makmur Tbk operates in the consumer-branded products sector, offering products like noodles, milk, butter, biscuits, chips, chili sauce, syrups, ready-to-drink tea, condiments, etc. These are marketed under various brands such as Indomie, Supermi, Indomilk, Cap Enaak, Chitato, Sambal Indofood, Bumbu Racik, Govit, Sun, Ichi Ocha, Club, and others. The Group also operates a packaging business that produces flexible and corrugated packaging for its products. It classifies its business into the following divisions: Noodles, which generates maximum revenue, Dairy (dairy products), Food Seasonings, Snack Foods, Nutrition and Special Foods, and Beverages. Geographically, the Group derives maximum revenue from Indonesia, and the rest from Asia and Africa, and other regions.
60GF Score

Get the complete analysis for FRA:48I

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

€0.34
Price
€0.57
GF Value