Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PT Pabrik Kertas Tjiwi Kimia TbkFRA:OB9 -2.02%42 Cyclically Adjusted PB Ratio is 0.79 as of Sep. 08, 2026, which is 22% below its 10-year median of 1.01. GuruFocus rates FRA:OB9 with a GF Score™ of 42/100 and a GF Value™ of €0.38 (Fairly Valued). The stock has 6 warning signs investors should review. Among 207 Forest Products companies, PT Pabrik Kertas Tjiwi Kimia Tbk ranks worse than 53.62% on this metric.
The historical rank and industry rank for PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:OB9'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 1.01 Max: 2.7
Current: 0.81
During the past years, PT Pabrik Kertas Tjiwi Kimia Tbk's highest Cyclically Adjusted PB Ratio was 2.70. The lowest was 0.49. And the median was 1.01.
FRA:OB9's Cyclically Adjusted PB Ratio is ranked worse than 53.62% of 207
companies
in the Forest Products industry
Industry Median: 0.73
vs FRA:OB9: 0.81
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 Pabrik Kertas Tjiwi Kimia Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was €0.894. 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 €0.49 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) 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 Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Related Terms
PT Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Historical Data
* 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 Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Chart
PT Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Competitor Comparison
For the Paper & Paper Products subindustry, PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio falls into.
PT Pabrik Kertas Tjiwi Kimia 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.
* 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.
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 0.79 mean?
PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) has a Cyclically Adjusted PB Ratio of 0.79 as of Sep. 08, 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 Pabrik Kertas Tjiwi Kimia Tbk and its competitors. This is 22% below median its historical median of 1.01. Over the past decade, PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio has ranged from 0.49 to 2.70. According to the industry distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #111 out of 207 companies in the Forest Products industry, placing it in the top 53.6%.
Is PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio too high?
PT Pabrik Kertas Tjiwi Kimia Tbk's current Cyclically Adjusted PB Ratio of 0.79 is 22% below median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.70. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.73. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 0.79 is 8.2% above this industry median. Based on the distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #111 out of 207 companies in the Forest Products industry, which is below the industry midpoint. Overall, PT Pabrik Kertas Tjiwi Kimia Tbk has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #111 out of 207 companies for Cyclically Adjusted PB Ratio. This places PT Pabrik Kertas Tjiwi Kimia Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.73. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 0.79 is 8.2% above this benchmark. Historically, PT Pabrik Kertas Tjiwi Kimia Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 2.70 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.73, PT Pabrik Kertas Tjiwi Kimia 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.73, based on 207 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 Pabrik Kertas Tjiwi Kimia Tbk's current Cyclically Adjusted PB Ratio of 0.79 is 8.2% 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 Pabrik Kertas Tjiwi Kimia Tbk and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pabrik Kertas Tjiwi Kimia Tbk's current Cyclically Adjusted PB Ratio is 0.79, which is 22% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pabrik Kertas Tjiwi Kimia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) is currently considered Fairly Valued. The stock's GF Value™ is €0.38, compared to a current price of €0.39 — trading 2.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 22% below median its 10-year median of 1.01 and 8.2% above the Forest Products industry median of 0.73. PT Pabrik Kertas Tjiwi Kimia Tbk's overall GF Score™ is 42/100 with 6 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 Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9), the current Cyclically Adjusted PB Ratio is 0.79 as of Sep. 08, 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 Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pabrik Kertas Tjiwi Kimia Tbk stock appears to be overvalued.
The current stock price of €0.39 is trading 2.1% above its estimated GF Value™ of €0.38.
GuruFocus considers PT Pabrik Kertas Tjiwi Kimia Tbk to be Fairly Valued.
Key valuation signals for FRA:OB9:
Cyclically Adjusted PB Ratio: 0.79 (22% below median its 10-year median of 1.01)
GF Value™: €0.38 vs. price of €0.39 (2.1% above fair value)
Industry Position: 8.2% above the Forest Products median (#111 of 207)
No single metric tells the full story. See the FRA:OB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing, with its main products such as printed paper, coated paper, and carbonless. The company also produces a wide range of converted stationery and office products such as woodfree, art board, baking paper, brown kraft, kraft paper, and others. It operates in two business segments: Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product. The majority of the revenue is being made from Cultural paper products segment.
42GF Score
Get the complete analysis for FRA:OB9
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:OB9 has been successfully added to your 
