PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) Cyclically Adjusted PB Ratio: 0.57 (As of Jul. 25, 2026) — 44% Below Median

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FRA:OB9 PT Pabrik Kertas Tjiwi Kimia Tbk FRA:OB9
79 GF Score
Price €0.28
GF Value €0.37
! 5 Warning Signs
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What is PT Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio?

PT Pabrik Kertas Tjiwi Kimia Tbk FRA:OB9 -4.11% 79 Cyclically Adjusted PB Ratio is 0.57 as of Jul. 25, 2026, which is 44% below its 10-year median of 1.01. GuruFocus rates FRA:OB9 with a GF Score™ of 79/100 and a GF Value™ of €0.37. The stock has 5 warning signs investors should review. Among 245 Forest Products companies, PT Pabrik Kertas Tjiwi Kimia Tbk ranks better than 58.78% on this metric.

As of today (2026-07-25), PT Pabrik Kertas Tjiwi Kimia Tbk's current share price is €0.28. PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.49. PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio for today is 0.57.

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: 0.61

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 better than
58.78% of 245 companies
in the Forest Products industry
Industry Median: 0.75 vs FRA:OB9: 0.61

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 Mar. 2026 was €0.842. 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 Mar. 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

* Premium members only.

The historical data trend for PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Chart

PT Pabrik Kertas Tjiwi Kimia 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 1.22 1.03 0.97 0.72 0.78

PT Pabrik Kertas Tjiwi Kimia 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 0.58 0.64 0.77 0.78 0.92

FRA:OB9 vs SLVM: Cyclically Adjusted PB Ratio 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.


FRA:OB9
79GF Score
PT Pabrik Kertas Tjiwi Kimia Tbk FRA:OB9
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.28/0.49
=0.57

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

For example, PT Pabrik Kertas Tjiwi Kimia 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)
=0.842/136.5387*136.5387
=0.842

Current CPI (Mar. 2026) = 136.5387.

PT Pabrik Kertas Tjiwi Kimia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.305 103.212 0.403
201609 0.305 104.142 0.400
201612 0.333 105.222 0.432
201703 0.328 106.476 0.421
201706 0.309 107.722 0.392
201709 0.268 108.020 0.339
201712 0.271 109.017 0.339
201803 0.272 110.097 0.337
201806 0.313 111.085 0.385
201809 0.341 111.135 0.419
201812 0.349 112.430 0.424
201903 0.364 112.829 0.440
201906 0.377 114.730 0.449
201909 0.401 114.905 0.476
201912 0.400 115.486 0.473
202003 0.449 116.252 0.527
202006 0.420 116.630 0.492
202009 0.421 116.397 0.494
202012 0.400 117.318 0.466
202103 0.429 117.840 0.497
202106 0.435 118.184 0.503
202109 0.459 118.262 0.530
202112 0.500 119.516 0.571
202203 0.534 120.948 0.603
202206 0.583 123.322 0.645
202209 0.680 125.298 0.741
202212 0.673 126.098 0.729
202303 0.668 126.953 0.718
202306 0.675 127.663 0.722
202309 0.707 128.151 0.753
202312 0.703 129.395 0.742
202403 0.736 130.607 0.769
202406 0.775 130.792 0.809
202409 0.719 130.361 0.753
202412 0.822 131.432 0.854
202503 0.825 131.948 0.854
202506 0.772 133.241 0.791
202509 0.790 133.819 0.806
202512 0.809 135.271 0.817
202603 0.842 136.539 0.842

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 0.57 mean?
PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) has a Cyclically Adjusted PB Ratio of 0.57 as of Jul. 25, 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 44% 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 #101 out of 245 companies in the Forest Products industry, placing it in the top 41.2%.
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 0.57 is 44% 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 0.75. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 0.57 is 24% below this industry median. Based on the distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #101 out of 245 companies in the Forest Products industry, which is above the industry midpoint. Overall, PT Pabrik Kertas Tjiwi Kimia Tbk has a GF Score™ of 79/100, 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 SLVM?
According to the Forest Products industry distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #101 out of 245 companies for Cyclically Adjusted PB Ratio. This puts PT Pabrik Kertas Tjiwi Kimia Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.75. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 0.57 is 24% below 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 0.75, PT Pabrik Kertas Tjiwi Kimia 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 a Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.75, based on 245 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 0.57 is 24% 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 Pabrik Kertas Tjiwi Kimia Tbk and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.75 — 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 0.57, which is 44% 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?
PT Pabrik Kertas Tjiwi Kimia Tbk (FRA:OB9) has a current Cyclically Adjusted PB Ratio of 0.57. The stock's GF Value™ is €0.37, compared to a current price of €0.28 — trading 24.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.57, which is 44% below median its 10-year median of 1.01 and 24% below the Forest Products industry median of 0.75. PT Pabrik Kertas Tjiwi Kimia Tbk's overall GF Score™ is 79/100 with 5 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 0.57 as of Jul. 25, 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 undervalued. The current stock price of €0.28 is trading 24.3% below its estimated GF Value™ of €0.37.

Key valuation signals for FRA:OB9:

  • Cyclically Adjusted PB Ratio: 0.57 (44% below median its 10-year median of 1.01)
  • GF Value™: €0.37 vs. price of €0.28 (24.3% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 24% below the Forest Products median (#101 of 245)

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 Business Description

Other Exchanges TKIM:Indonesia
Address Jalan M.H. Thamrin No. 51, Gedung Sinar Mas Land Plaza, Tower II, 9th Floor, Jakarta, IDN, 10350
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.
79GF 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.

€0.28
Price
€0.37
GF Value