PT Acset Indonusa Tbk (ISX:ACST) Cyclically Adjusted PB Ratio: 0.18 (As of Jul. 18, 2026) — 10% Below Median

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ISX:ACST PT Acset Indonusa Tbk ISX:ACST
47 GF Score
Price Rp83.00
GF Value Rp76.93
Valuation Fairly Valued
! 10 Warning Signs
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What is PT Acset Indonusa Tbk Cyclically Adjusted PB Ratio?

PT Acset Indonusa Tbk ISX:ACST +1.22% 47 Cyclically Adjusted PB Ratio is 0.18 as of Jul. 18, 2026, which is 10% below its 10-year median of 0.20. GuruFocus rates ISX:ACST with a GF Score™ of 47/100 and a GF Value™ of Rp76.93 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,360 Construction companies, PT Acset Indonusa Tbk ranks better than 94.93% on this metric.

As of today (2026-07-18), PT Acset Indonusa Tbk's current share price is Rp83.00. PT Acset Indonusa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp462.63. PT Acset Indonusa Tbk's Cyclically Adjusted PB Ratio for today is 0.18.

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

ISX:ACST' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.2   Max: 0.35
Current: 0.17

During the past years, PT Acset Indonusa Tbk's highest Cyclically Adjusted PB Ratio was 0.35. The lowest was 0.11. And the median was 0.20.

ISX:ACST's Cyclically Adjusted PB Ratio is ranked better than
94.93% of 1360 companies
in the Construction industry
Industry Median: 1.18 vs ISX:ACST: 0.17

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 Acset Indonusa Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp-20.889. 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 Rp462.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Acset Indonusa Tbk  (ISX:ACST) 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 Acset Indonusa Tbk Cyclically Adjusted PB Ratio Related Terms


PT Acset Indonusa Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Acset Indonusa 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 Acset Indonusa Tbk Cyclically Adjusted PB Ratio Chart

PT Acset Indonusa 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 0.00 0.00 0.22 0.15 0.28

PT Acset Indonusa 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 0.15 0.17 0.26 0.28 0.23

ISX:ACST vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, PT Acset Indonusa 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 Acset Indonusa Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Acset Indonusa Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ACST
47GF Score
PT Acset Indonusa Tbk ISX:ACST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Acset Indonusa 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 Acset Indonusa Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=83.00/462.63
=0.18

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

For example, PT Acset Indonusa 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)
=-20.889/136.5387*136.5387
=-20.889

Current CPI (Mar. 2026) = 136.5387.

PT Acset Indonusa Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 979.674 103.212 1,296.003
201609 979.858 104.142 1,284.669
201612 998.661 105.222 1,295.889
201703 1,022.043 106.476 1,310.610
201706 1,032.732 107.722 1,309.004
201709 1,052.552 108.020 1,330.435
201712 1,082.741 109.017 1,356.084
201803 1,112.691 110.097 1,379.929
201806 1,107.868 111.085 1,361.725
201809 1,121.696 111.135 1,378.104
201812 1,054.048 112.430 1,280.072
201903 984.345 112.829 1,191.199
201906 740.821 114.730 881.640
201909 473.793 114.905 562.998
201912 175.258 115.486 207.207
202003 80.205 116.252 94.201
202006 -18.224 116.630 -21.335
202009 151.202 116.397 177.367
202012 42.849 117.318 49.869
202103 30.667 117.840 35.533
202106 19.229 118.184 22.215
202109 109.636 118.262 126.580
202112 85.584 119.516 97.774
202203 83.611 120.948 94.389
202206 76.555 123.322 84.759
202209 67.679 125.298 73.750
202212 50.710 126.098 54.909
202303 48.347 126.953 51.998
202306 46.354 127.663 49.577
202309 38.772 128.151 41.310
202312 29.534 129.395 31.165
202403 26.173 130.607 27.362
202406 18.797 130.792 19.623
202409 6.957 130.361 7.287
202412 -13.250 131.432 -13.765
202503 -13.562 131.948 -14.034
202506 16.963 133.241 17.383
202509 12.858 133.819 13.119
202512 -20.436 135.271 -20.628
202603 -20.889 136.539 -20.889

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 0.18 mean?
PT Acset Indonusa Tbk (ISX:ACST) has a Cyclically Adjusted PB Ratio of 0.18 as of Jul. 18, 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 Acset Indonusa Tbk and its competitors. This is 10% below median its historical median of 0.20. Over the past decade, PT Acset Indonusa Tbk's Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.35. According to the industry distribution chart, PT Acset Indonusa Tbk ranks #69 out of 1360 companies in the Construction industry, placing it in the top 5.1%.
Is PT Acset Indonusa Tbk's Cyclically Adjusted PB Ratio too high?
PT Acset Indonusa Tbk's current Cyclically Adjusted PB Ratio of 0.18 is 10% below median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.35. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. PT Acset Indonusa Tbk's value of 0.18 is 84.7% below this industry median. Based on the distribution chart, PT Acset Indonusa Tbk ranks #69 out of 1360 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PT Acset Indonusa Tbk has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Acset Indonusa Tbk's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, PT Acset Indonusa Tbk ranks #69 out of 1360 companies for Cyclically Adjusted PB Ratio. This places PT Acset Indonusa Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.18. PT Acset Indonusa Tbk's value of 0.18 is 84.7% below this benchmark. Historically, PT Acset Indonusa Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.35 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 1.18, PT Acset Indonusa 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,360 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 Acset Indonusa Tbk's current Cyclically Adjusted PB Ratio of 0.18 is 84.7% 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 Acset Indonusa Tbk and its competitors. For the Construction 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 Acset Indonusa Tbk's current Cyclically Adjusted PB Ratio is 0.18, which is 10% below median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Acset Indonusa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Acset Indonusa Tbk (ISX:ACST) is currently considered Fairly Valued. The stock's GF Value™ is Rp76.93, compared to a current price of Rp83.00 — trading 7.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.18, which is 10% below median its 10-year median of 0.20 and 84.7% below the Construction industry median of 1.18. PT Acset Indonusa Tbk's overall GF Score™ is 47/100 with 10 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 Acset Indonusa Tbk (ISX:ACST), the current Cyclically Adjusted PB Ratio is 0.18 as of Jul. 18, 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 Acset Indonusa Tbk (ISX:ACST) Overvalued in 2026?

Based on GuruFocus' analysis, PT Acset Indonusa Tbk stock appears to be overvalued. The current stock price of Rp83.00 is trading 7.9% above its estimated GF Value™ of Rp76.93. GuruFocus considers PT Acset Indonusa Tbk to be Fairly Valued.

Key valuation signals for ISX:ACST:

  • Cyclically Adjusted PB Ratio: 0.18 (10% below median its 10-year median of 0.20)
  • GF Value™: Rp76.93 vs. price of Rp83.00 (7.9% above fair value)
  • GF Score™: 47/100 with 10 warning signs
  • Industry Position: 84.7% below the Construction median (#69 of 1360)

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


PT Acset Indonusa Tbk Business Description

Address Jalan. Majapahit No. 26, Acset Building, Petojo Selatan-Gambir, Jakarta, IDN, 10160
PT Acset Indonusa Tbk is an Indonesia-based company which is mainly engaged in the building and construction sector. The company operates through three segments namely Construction, Construction Support Services, and Trading. The majority of the revenue is generated from the Construction segment. Additionally, it is also involved in business activities such as building department stores, hotels, offices, apartments, bridges, and others.
47GF Score

Get the complete analysis for ISX:ACST

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

Rp83.00
Price
Rp76.93
GF Value