IGEX (Indo Global Exchange(s) Pte) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Indo Global Exchange(s) Pte Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Indo Global Exchange(s) Pte  (OTCPK:IGEX) 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.


Indo Global Exchange(s) Pte Cyclically Adjusted PB Ratio Related Terms


Indo Global Exchange(s) Pte Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indo Global Exchange(s) Pte'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.

Indo Global Exchange(s) Pte Cyclically Adjusted PB Ratio Chart

Indo Global Exchange(s) Pte Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.36

Indo Global Exchange(s) Pte Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Jan26 Apr26
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 - - 0.36 0.40 0.70

IGEX vs PHIL, AAMTF, QMCI: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Indo Global Exchange(s) Pte'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.


Indo Global Exchange(s) Pte Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Indo Global Exchange(s) Pte's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indo Global Exchange(s) Pte's Cyclically Adjusted PB Ratio falls into.



Indo Global Exchange(s) Pte 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.

Indo Global Exchange(s) Pte's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Indo Global Exchange(s) Pte's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.001/333.0200*333.0200
=0.001

Current CPI (Apr. 2026) = 333.0200.

Indo Global Exchange(s) Pte Quarterly Data

Book Value per Share CPI Adj_Book
201504 -0.001 236.599 -0.001
201507 -0.001 238.654 -0.001
201510 0.000 237.838 0.000
201601 0.000 236.916 0.000
201604 0.000 239.261 0.000
201607 0.000 240.628 0.000
201610 0.000 241.729 0.000
201701 0.000 242.839 0.000
201704 0.000 244.524 0.000
201707 0.000 244.786 0.000
201710 0.000 246.663 0.000
201901 0.000 251.712 0.000
201904 0.000 255.548 0.000
201907 0.000 256.571 0.000
201910 0.000 257.346 0.000
202001 0.000 257.971 0.000
202004 0.000 256.389 0.000
202007 0.000 259.101 0.000
202010 0.000 260.388 0.000
202101 0.000 261.582 0.000
202104 0.000 267.054 0.000
202107 0.000 273.003 0.000
202110 0.000 276.589 0.000
202201 0.000 281.148 0.000
202204 0.000 289.109 0.000
202207 0.000 296.276 0.000
202210 0.000 298.012 0.000
202301 0.000 299.170 0.000
202304 0.000 303.363 0.000
202307 0.000 305.691 0.000
202310 0.000 307.671 0.000
202401 0.000 308.417 0.000
202404 0.000 313.548 0.000
202407 0.000 314.540 0.000
202410 0.000 315.664 0.000
202501 0.000 317.671 0.000
202504 0.000 320.795 0.000
202507 0.001 323.048 0.001
202601 0.001 325.252 0.001
202604 0.001 333.020 0.001

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.


Indo Global Exchange(s) Pte Business Description

Address 6400 S. Fiddlers Green, No. 250 No.1012, Greenwood Village, CO, USA, 80111
Indo Global Exchange(s) Pte Ltd is a holding company. The company is focusing on developing assets within the pharmaceutical and nutraceutical industries.