INDOY (Indorama Ventures PCL) Cyclically Adjusted PB Ratio: 0.84 (As of Jul. 08, 2026) — 45% Below Median


INDOY Indorama Ventures PCL INDOY
72 GF Score
Price $7.03
GF Value $6.01
! 7 Warning Signs
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What is Indorama Ventures PCL Cyclically Adjusted PB Ratio?

Indorama Ventures PCL INDOY 72 Cyclically Adjusted PB Ratio is 0.84 as of Jul. 08, 2026, which is 45% below its 10-year median of 1.53. GuruFocus rates INDOY with a GF Score™ of 72/100 and a GF Value™ of $6.01. The stock has 7 warning signs investors should review. Among 1,283 Chemicals companies, Indorama Ventures PCL ranks better than 78.25% on this metric.

As of today (2026-07-08), Indorama Ventures PCL's current share price is $7.03. Indorama Ventures PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $8.38. Indorama Ventures PCL's Cyclically Adjusted PB Ratio for today is 0.84.

The historical rank and industry rank for Indorama Ventures PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

INDOY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 1.53   Max: 4.07
Current: 0.77

During the past years, Indorama Ventures PCL's highest Cyclically Adjusted PB Ratio was 4.07. The lowest was 0.52. And the median was 1.53.

INDOY's Cyclically Adjusted PB Ratio is ranked better than
78.25% of 1283 companies
in the Chemicals industry
Industry Median: 1.78 vs INDOY: 0.77

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.

Indorama Ventures PCL's adjusted book value per share data for the three months ended in Mar. 2026 was $6.846. 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 $8.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indorama Ventures PCL  (OTCPK:INDOY) 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.


Indorama Ventures PCL Cyclically Adjusted PB Ratio Related Terms


Indorama Ventures PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Indorama Ventures PCL'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.

Indorama Ventures PCL Cyclically Adjusted PB Ratio Chart

Indorama Ventures PCL 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 2.03 1.66 1.00 0.87 0.54

Indorama Ventures PCL 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 0.67 0.69 0.75 0.54 0.84

INDOY vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Indorama Ventures PCL'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.


Indorama Ventures PCL Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indorama Ventures PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Indorama Ventures PCL's Cyclically Adjusted PB Ratio falls into.


INDOY
72GF Score
Indorama Ventures PCL INDOY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indorama Ventures PCL 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.

Indorama Ventures PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.03/8.38
=0.84

* 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.

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

For example, Indorama Ventures PCL'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)
=6.846/330.2130*330.2130
=6.846

Current CPI (Mar. 2026) = 330.2130.

Indorama Ventures PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.075 241.018 6.953
201609 5.159 241.428 7.056
201612 5.170 241.432 7.071
201703 5.408 243.801 7.325
201706 5.670 244.955 7.643
201709 6.250 246.819 8.362
201712 6.842 246.524 9.165
201803 7.457 249.554 9.867
201806 7.747 251.989 10.152
201809 7.882 252.439 10.310
201812 7.887 251.233 10.366
201903 8.105 254.202 10.529
201906 7.906 256.143 10.192
201909 7.876 256.759 10.129
201912 7.651 256.974 9.832
202003 7.442 258.115 9.521
202006 7.245 257.797 9.280
202009 7.331 260.280 9.301
202012 7.499 260.474 9.507
202103 7.877 264.877 9.820
202106 8.310 271.696 10.100
202109 8.378 274.310 10.085
202112 8.426 278.802 9.980
202203 9.505 287.504 10.917
202206 9.983 296.311 11.125
202209 10.171 296.808 11.316
202212 9.528 296.797 10.601
202303 9.508 301.836 10.402
202306 9.647 305.109 10.441
202309 9.412 307.789 10.098
202312 8.369 306.746 9.009
202403 8.623 312.332 9.117
202406 7.079 314.175 7.440
202409 7.470 315.301 7.823
202412 6.570 315.605 6.874
202503 6.685 319.799 6.903
202506 7.197 322.561 7.368
202509 7.151 324.800 7.270
202512 6.629 324.054 6.755
202603 6.846 330.213 6.846

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 0.84 mean?
Indorama Ventures PCL (INDOY) has a Cyclically Adjusted PB Ratio of 0.84 as of Jul. 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 Indorama Ventures PCL and its competitors. This is 45% below median its historical median of 1.53. Over the past decade, Indorama Ventures PCL's Cyclically Adjusted PB Ratio has ranged from 0.52 to 4.07. According to the industry distribution chart, Indorama Ventures PCL ranks #279 out of 1283 companies in the Chemicals industry, placing it in the top 21.7%.
Is Indorama Ventures PCL's Cyclically Adjusted PB Ratio too high?
Indorama Ventures PCL's current Cyclically Adjusted PB Ratio of 0.84 is 45% below median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 4.07. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.78. Indorama Ventures PCL's value of 0.84 is 52.8% below this industry median. Based on the distribution chart, Indorama Ventures PCL ranks #279 out of 1283 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indorama Ventures PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Indorama Ventures PCL's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Indorama Ventures PCL ranks #279 out of 1283 companies for Cyclically Adjusted PB Ratio. This places Indorama Ventures PCL in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.78. Indorama Ventures PCL's value of 0.84 is 52.8% below this benchmark. Historically, Indorama Ventures PCL's own Cyclically Adjusted PB Ratio has ranged from 0.52 to 4.07 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 1.78, Indorama Ventures PCL 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.78, based on 1,283 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. Indorama Ventures PCL's current Cyclically Adjusted PB Ratio of 0.84 is 52.8% 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 Indorama Ventures PCL and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indorama Ventures PCL's current Cyclically Adjusted PB Ratio is 0.84, which is 45% below median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indorama Ventures PCL stock overvalued right now?
Indorama Ventures PCL (INDOY) has a current Cyclically Adjusted PB Ratio of 0.84. The stock's GF Value™ is $6.01, compared to a current price of $7.03 — trading 17% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.84, which is 45% below median its 10-year median of 1.53 and 52.8% below the Chemicals industry median of 1.78. Indorama Ventures PCL's overall GF Score™ is 72/100 with 7 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 Indorama Ventures PCL (INDOY), the current Cyclically Adjusted PB Ratio is 0.84 as of Jul. 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 Indorama Ventures PCL (INDOY) Overvalued in 2026?

Based on GuruFocus' analysis, Indorama Ventures PCL stock appears to be overvalued. The current stock price of $7.03 is trading 17% above its estimated GF Value™ of $6.01.

Key valuation signals for INDOY:

  • Cyclically Adjusted PB Ratio: 0.84 (45% below median its 10-year median of 1.53)
  • GF Value™: $6.01 vs. price of $7.03 (17% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 52.8% below the Chemicals median (#279 of 1283)

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


Indorama Ventures PCL Business Description

Other Exchanges IVL:ThailandI93:Germany
Address Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110
Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives and Fibers. The maximum revenue is derived from the Combined PET segment.
72GF Score

Get the complete analysis for INDOY

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

$7.03
Price
$6.01
GF Value