PT Akasha Wira International Tbk (ISX:ADES) Cyclically Adjusted PB Ratio: 16.80 (As of Jul. 24, 2026) — 121% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ISX:ADES PT Akasha Wira International Tbk ISX:ADES
67 GF Score
Price Rp35,400.00
GF Value Rp20,310.58
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is PT Akasha Wira International Tbk Cyclically Adjusted PB Ratio?

PT Akasha Wira International Tbk ISX:ADES +2.83% 67 Cyclically Adjusted PB Ratio is 16.80 as of Jul. 24, 2026, which is 121% above its 10-year median of 7.60. GuruFocus rates ISX:ADES with a GF Score™ of 67/100 and a GF Value™ of Rp20,310.58 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 85 Beverages - Non-Alcoholic companies, PT Akasha Wira International Tbk ranks worse than 94.12% on this metric.

As of today (2026-07-24), PT Akasha Wira International Tbk's current share price is Rp35400.00. PT Akasha Wira International Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp2,107.11. PT Akasha Wira International Tbk's Cyclically Adjusted PB Ratio for today is 16.80.

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

ISX:ADES' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.89   Med: 7.6   Max: 16.82
Current: 16.27

During the past years, PT Akasha Wira International Tbk's highest Cyclically Adjusted PB Ratio was 16.82. The lowest was 5.89. And the median was 7.60.

ISX:ADES's Cyclically Adjusted PB Ratio is ranked worse than
94.12% of 85 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.18 vs ISX:ADES: 16.27

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 Akasha Wira International Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp5,519.999. 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 Rp2,107.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Akasha Wira International Tbk  (ISX:ADES) 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 Akasha Wira International Tbk Cyclically Adjusted PB Ratio Related Terms


PT Akasha Wira International Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Akasha Wira International 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 Akasha Wira International Tbk Cyclically Adjusted PB Ratio Chart

PT Akasha Wira International 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 7.14 7.63 5.92 7.83

PT Akasha Wira International 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 6.08 6.24 7.30 7.83 7.84

ISX:ADES vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, PT Akasha Wira International 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 Akasha Wira International Tbk Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PT Akasha Wira International Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Akasha Wira International Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:ADES
67GF Score
PT Akasha Wira International Tbk ISX:ADES
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Akasha Wira International 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 Akasha Wira International Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35400.00/2107.11
=16.80

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

For example, PT Akasha Wira International 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)
=5519.999/136.5387*136.5387
=5,519.999

Current CPI (Mar. 2026) = 136.5387.

PT Akasha Wira International Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 594.548 103.212 786.523
201609 610.591 104.142 800.532
201612 651.619 105.222 845.558
201703 670.524 106.476 859.842
201706 673.719 107.722 853.949
201709 690.883 108.020 873.282
201712 717.093 109.017 898.126
201803 740.087 110.097 917.836
201806 753.732 111.085 926.443
201809 777.371 111.135 955.070
201812 816.946 112.430 992.127
201903 846.460 112.829 1,024.338
201906 868.830 114.730 1,033.982
201909 896.507 114.905 1,065.300
201912 962.773 115.486 1,138.284
202003 998.732 116.252 1,173.014
202006 1,030.449 116.630 1,206.348
202009 1,088.870 116.397 1,277.296
202012 1,187.509 117.318 1,382.062
202103 1,267.981 117.840 1,469.185
202106 1,339.893 118.184 1,547.988
202109 1,429.675 118.262 1,650.627
202112 1,644.045 119.516 1,878.205
202203 1,772.194 120.948 2,000.634
202206 1,910.086 123.322 2,114.787
202209 2,052.023 125.298 2,236.106
202212 2,262.829 126.098 2,450.193
202303 2,414.437 126.953 2,596.751
202306 2,577.079 127.663 2,756.251
202309 2,757.625 128.151 2,938.107
202312 2,932.390 129.395 3,094.290
202403 3,155.147 130.607 3,298.442
202406 3,329.125 130.792 3,475.410
202409 3,525.885 130.361 3,692.977
202412 3,828.636 131.432 3,977.410
202503 4,076.493 131.948 4,218.308
202506 4,365.135 133.241 4,473.185
202509 4,656.686 133.819 4,751.327
202512 5,086.825 135.271 5,134.493
202603 5,519.999 136.539 5,519.999

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 16.80 mean?
PT Akasha Wira International Tbk (ISX:ADES) has a Cyclically Adjusted PB Ratio of 16.80 as of Jul. 24, 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 Akasha Wira International Tbk and its competitors. This is 121% above median its historical median of 7.60. Over the past decade, PT Akasha Wira International Tbk's Cyclically Adjusted PB Ratio has ranged from 5.89 to 16.82. According to the industry distribution chart, PT Akasha Wira International Tbk ranks #80 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 94.1%.
Is PT Akasha Wira International Tbk's Cyclically Adjusted PB Ratio too high?
PT Akasha Wira International Tbk's current Cyclically Adjusted PB Ratio of 16.80 is 121% above median its 10-year median of 7.60. Over the past 10 years, this metric has ranged from a low of 5.89 to a high of 16.82. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.18. PT Akasha Wira International Tbk's value of 16.80 is 670.6% above this industry median. Based on the distribution chart, PT Akasha Wira International Tbk ranks #80 out of 85 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, PT Akasha Wira International Tbk has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Akasha Wira International Tbk's Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, PT Akasha Wira International Tbk ranks #80 out of 85 companies for Cyclically Adjusted PB Ratio. This places PT Akasha Wira International Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.18. PT Akasha Wira International Tbk's value of 16.80 is 670.6% above this benchmark. Historically, PT Akasha Wira International Tbk's own Cyclically Adjusted PB Ratio has ranged from 5.89 to 16.82 over the past decade. While the company's 10-year median is 7.60 vs. the industry median of 2.18, PT Akasha Wira International 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 Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.18, based on 85 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 Akasha Wira International Tbk's current Cyclically Adjusted PB Ratio of 16.80 is 670.6% 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 Akasha Wira International Tbk and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Akasha Wira International Tbk's current Cyclically Adjusted PB Ratio is 16.80, which is 121% above median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Akasha Wira International Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Akasha Wira International Tbk (ISX:ADES) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp20,310.58, compared to a current price of Rp35,400.00 — trading 74.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.80, which is 121% above median its 10-year median of 7.60 and 670.6% above the Beverages - Non-Alcoholic industry median of 2.18. PT Akasha Wira International Tbk's overall GF Score™ is 67/100 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 Akasha Wira International Tbk (ISX:ADES), the current Cyclically Adjusted PB Ratio is 16.80 as of Jul. 24, 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 Akasha Wira International Tbk (ISX:ADES) Overvalued in 2026?

Based on GuruFocus' analysis, PT Akasha Wira International Tbk stock appears to be overvalued. The current stock price of Rp35,400.00 is trading 74.3% above its estimated GF Value™ of Rp20,310.58. GuruFocus considers PT Akasha Wira International Tbk to be Significantly Overvalued.

Key valuation signals for ISX:ADES:

  • Cyclically Adjusted PB Ratio: 16.80 (121% above median its 10-year median of 7.60)
  • GF Value™: Rp20,310.58 vs. price of Rp35,400.00 (74.3% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 670.6% above the Beverages - Non-Alcoholic median (#80 of 85)

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


PT Akasha Wira International Tbk Business Description

Address Jalan TB Simatupang Kav. 89, RT 01 RW 02, Kelurahan Tanjung Barat, Kecamatan Jagakarsa, South Jakarta, Jakarta, IDN, 12530
PT Akasha Wira International Tbk is an Indonesia-based consumer products company engaged in the production and distribution of bottled drinking water, food and beverage products, and cosmetics. The company operates through two business segments: the Food and Beverages segment and the Cosmetic segment. The Food and Beverages segment is involved in the production and sale of bottled drinking water under the Nestle Pure Life and Vica Royal brands, flavored milk drinks, carbonated beverages, snack products, confectionery products, and ready-to-eat food products, including Korean-inspired products marketed under the Wonhae, FitmeUp, and Mujigae brands. The Cosmetic segment is engaged in the manufacturing and trading of cosmetic products. The company operates in Indonesia and foreign markets.
67GF Score

Get the complete analysis for ISX:ADES

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

Rp35,400.00
Price
Rp20,310.58
GF Value