PT Indofood CBP Sukses Makmur Tbk (FRA:48I) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:48I PT Indofood CBP Sukses Makmur Tbk FRA:48I
89 GF Score
Price €0.34
GF Value €0.59
Valuation Significantly Undervalued
! 1 Warning Sign
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What is PT Indofood CBP Sukses Makmur Tbk Cyclically Adjusted PB Ratio?

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 3.58 3.36 3.03 2.86 1.71

PT Indofood CBP Sukses Makmur 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 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 2.45 2.09 1.76 1.43 1.19

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
89GF 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.
View Full Analysis

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 Book per Share for the quarter that ended in Jun. 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 Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.316/137.6954*137.6954
=0.316

Current CPI (Jun. 2026) = 137.6954.

PT Indofood CBP Sukses Makmur Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.104 104.142 0.138
201612 0.112 105.222 0.147
201703 0.119 106.476 0.154
201706 0.106 107.722 0.135
201709 0.107 108.020 0.136
201712 0.107 109.017 0.135
201803 0.109 110.097 0.136
201806 0.106 111.085 0.131
201809 0.109 111.135 0.135
201812 0.118 112.430 0.145
201903 0.130 112.829 0.159
201906 0.128 114.730 0.154
201909 0.140 114.905 0.168
201912 0.147 115.486 0.175
202003 0.138 116.252 0.163
202006 0.161 116.630 0.190
202009 0.234 116.397 0.277
202012 0.251 117.318 0.295
202103 0.262 117.840 0.306
202106 0.267 118.184 0.311
202109 0.273 118.262 0.318
202112 0.291 119.516 0.335
202203 0.307 120.948 0.350
202206 0.313 123.322 0.349
202209 0.322 125.298 0.354
202212 0.297 126.098 0.324
202303 0.322 126.953 0.349
202306 0.319 127.663 0.344
202309 0.326 128.151 0.350
202312 0.313 129.395 0.333
202403 0.323 130.607 0.341
202406 0.310 130.792 0.326
202409 0.344 130.361 0.363
202412 0.345 131.432 0.361
202503 0.335 131.948 0.350
202506 0.313 133.241 0.323
202509 0.312 133.819 0.321
202512 0.323 135.271 0.329
202603 0.337 136.539 0.340
202606 0.316 137.695 0.316

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.

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 42.4% below its estimated GF Value™ of €0.59. GuruFocus considers PT Indofood CBP Sukses Makmur Tbk to be Significantly Undervalued.

Key valuation signals for FRA:48I:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.59 vs. price of €0.34 (42.4% below fair value)
  • GF Score™: 89/100 with 1 warning sign

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.
89GF 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
€0.59
GF Value