PT Hexindo Adiperkasa Tbk (FRA:HX1A) Cyclically Adjusted PB Ratio: 1.37 (As of Sep. 10, 2026) — Near Median

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FRA:HX1A PT Hexindo Adiperkasa Tbk FRA:HX1A
58 GF Score
Price €0.21
GF Value €0.22
Valuation Fairly Valued
! 8 Warning Signs
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What is PT Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio?

PT Hexindo Adiperkasa Tbk FRA:HX1A 58 Cyclically Adjusted PB Ratio is 1.37 as of Sep. 10, 2026, which is 9% below its 10-year median of 1.50. GuruFocus rates FRA:HX1A with a GF Score™ of 58/100 and a GF Value™ of €0.22 (Fairly Valued). The stock has 8 warning signs investors should review. Among 124 Industrial Distribution companies, PT Hexindo Adiperkasa Tbk ranks worse than 52.42% on this metric.

As of today (2026-09-10), PT Hexindo Adiperkasa Tbk's current share price is €0.206. PT Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €0.15. PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio for today is 1.37.

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

FRA:HX1A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.5   Max: 2.17
Current: 1.38

During the past years, PT Hexindo Adiperkasa Tbk's highest Cyclically Adjusted PB Ratio was 2.17. The lowest was 0.97. And the median was 1.50.

FRA:HX1A's Cyclically Adjusted PB Ratio is ranked worse than
52.42% of 124 companies
in the Industrial Distribution industry
Industry Median: 1.175 vs FRA:HX1A: 1.38

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 Hexindo Adiperkasa Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was €0.176. 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 Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Hexindo Adiperkasa Tbk  (FRA:HX1A) 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 Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio Related Terms


PT Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio Chart

PT Hexindo Adiperkasa Tbk Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 1.53 1.85 1.28 1.34

PT Hexindo Adiperkasa 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 1.50 1.46 1.32 1.34 1.39

FRA:HX1A vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:HX1A
58GF Score
PT Hexindo Adiperkasa Tbk FRA:HX1A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.206/0.15
=1.37

* 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 Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Hexindo Adiperkasa 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)
=0.176/137.6954*137.6954
=0.176

Current CPI (Jun. 2026) = 137.6954.

PT Hexindo Adiperkasa Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.137 104.142 0.181
201612 0.151 105.222 0.198
201703 0.158 106.476 0.204
201706 0.156 107.722 0.199
201709 0.137 108.020 0.175
201712 0.144 109.017 0.182
201803 0.145 110.097 0.181
201806 0.158 111.085 0.196
201809 0.147 111.135 0.182
201812 0.163 112.430 0.200
201903 0.178 112.829 0.217
201906 0.188 114.730 0.226
201909 0.176 114.905 0.211
201912 0.185 115.486 0.221
202003 0.192 116.252 0.227
202006 0.197 116.630 0.233
202009 0.161 116.397 0.190
202012 0.165 117.318 0.194
202103 0.174 117.840 0.203
202106 0.180 118.184 0.210
202109 0.128 118.262 0.149
202112 0.150 119.516 0.173
202203 0.173 120.948 0.197
202206 0.190 123.322 0.212
202209 0.166 125.298 0.182
202212 0.169 126.098 0.185
202303 0.184 126.953 0.200
202306 0.198 127.663 0.214
202309 0.173 128.151 0.186
202312 0.184 129.395 0.196
202403 0.196 130.607 0.207
202406 0.204 130.792 0.215
202409 0.162 130.361 0.171
202412 0.183 131.432 0.192
202503 0.188 131.948 0.196
202506 0.184 133.241 0.190
202509 0.164 133.819 0.169
202512 0.171 135.271 0.174
202603 0.170 136.539 0.171
202606 0.176 137.695 0.176

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 1.37 mean?
PT Hexindo Adiperkasa Tbk (FRA:HX1A) has a Cyclically Adjusted PB Ratio of 1.37 as of Sep. 10, 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 Hexindo Adiperkasa Tbk and its competitors. This is near median its historical median of 1.50. Over the past decade, PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.17. According to the industry distribution chart, PT Hexindo Adiperkasa Tbk ranks #65 out of 124 companies in the Industrial Distribution industry, placing it in the top 52.4%.
Is PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio too high?
PT Hexindo Adiperkasa Tbk's current Cyclically Adjusted PB Ratio of 1.37 is near median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 2.17. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.18. PT Hexindo Adiperkasa Tbk's value of 1.37 is 16.6% above this industry median. Based on the distribution chart, PT Hexindo Adiperkasa Tbk ranks #65 out of 124 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, PT Hexindo Adiperkasa Tbk has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, PT Hexindo Adiperkasa Tbk ranks #65 out of 124 companies for Cyclically Adjusted PB Ratio. This places PT Hexindo Adiperkasa Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. PT Hexindo Adiperkasa Tbk's value of 1.37 is 16.6% above this benchmark. Historically, PT Hexindo Adiperkasa Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.17 over the past decade. While the company's 10-year median is 1.50 vs. the industry median of 1.18, PT Hexindo Adiperkasa 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 an Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.18, based on 124 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 Hexindo Adiperkasa Tbk's current Cyclically Adjusted PB Ratio of 1.37 is 16.6% 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 Hexindo Adiperkasa Tbk and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Hexindo Adiperkasa Tbk's current Cyclically Adjusted PB Ratio is 1.37, which is near median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hexindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hexindo Adiperkasa Tbk (FRA:HX1A) is currently considered Fairly Valued. The stock's GF Value™ is €0.22, compared to a current price of €0.21 — trading 6.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.37, which is near median its 10-year median of 1.50 and 16.6% above the Industrial Distribution industry median of 1.18. PT Hexindo Adiperkasa Tbk's overall GF Score™ is 58/100 with 8 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 Hexindo Adiperkasa Tbk (FRA:HX1A), the current Cyclically Adjusted PB Ratio is 1.37 as of Sep. 10, 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 Hexindo Adiperkasa Tbk (FRA:HX1A) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hexindo Adiperkasa Tbk stock appears to be undervalued. The current stock price of €0.21 is trading 6.4% below its estimated GF Value™ of €0.22. GuruFocus considers PT Hexindo Adiperkasa Tbk to be Fairly Valued.

Key valuation signals for FRA:HX1A:

  • Cyclically Adjusted PB Ratio: 1.37 (near median its 10-year median of 1.50)
  • GF Value™: €0.22 vs. price of €0.21 (6.4% below fair value)
  • GF Score™: 58/100 with 8 warning signs
  • Industry Position: 16.6% above the Industrial Distribution median (#65 of 124)

No single metric tells the full story. See the FRA:HX1A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Hexindo Adiperkasa Tbk Business Description

Other Exchanges HEXA:Indonesia
Address Jalan Pulo Kambing II, Kav. I-II No. 33, Kawasan Industri Pulogadung, Jakarta, IDN, 13930
PT Hexindo Adiperkasa Tbk distributes heavy equipment and spare parts in Indonesia. Its products include Mini Excavators, Medium Excavators, Large Excavators / Loading Shovels, Wheel Loaders, Rigid Frame Trucks, BELL Articulated Dump Trucks, Used Equipment, ConSite, and Industry Solutions. The company serves the mining, construction, agribusiness, and forestry industries. It has branches and representative offices across Indonesia, including Banda Aceh, Medan, Jakarta, Semarang, Balikpapan, Samarinda, Jayapura, Makassar, Palu, and Kendari, among others.
58GF Score

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

€0.21
Price
€0.22
GF Value