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PT Adhi Karya (Persero) Tbk (ISX:ADHI) Cyclically Adjusted PB Ratio : 0.13 (As of Jun. 18, 2024)


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What is PT Adhi Karya (Persero) Tbk Cyclically Adjusted PB Ratio?

As of today (2024-06-18), PT Adhi Karya (Persero) Tbk's current share price is Rp192.00. PT Adhi Karya (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp1,487.38. PT Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 0.13.

The historical rank and industry rank for PT Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:ADHI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.5   Max: 1.46
Current: 0.13

During the past years, PT Adhi Karya (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 1.46. The lowest was 0.13. And the median was 0.50.

ISX:ADHI's Cyclically Adjusted PB Ratio is ranked better than
96.31% of 1275 companies
in the Construction industry
Industry Median: 1.08 vs ISX:ADHI: 0.13

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 Adhi Karya (Persero) Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp1,025.943. 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 Rp1,487.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Adhi Karya (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Adhi Karya (Persero) 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.

* Premium members only.

PT Adhi Karya (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Adhi Karya (Persero) Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.16 0.64 0.34 0.21

PT Adhi Karya (Persero) Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.29 0.31 0.33 0.21 0.20

Competitive Comparison of PT Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, PT Adhi Karya (Persero) 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 Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio falls into.



PT Adhi Karya (Persero) 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 Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=192.00/1487.38
=0.13

* 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 Adhi Karya (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PT Adhi Karya (Persero) Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1025.943/130.6070*130.6070
=1,025.943

Current CPI (Mar. 2024) = 130.6070.

PT Adhi Karya (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 637.054 93.015 894.521
201409 654.836 94.576 904.312
201412 704.659 98.819 931.329
201503 729.251 98.388 968.062
201506 695.086 99.766 909.959
201509 721.439 101.037 932.583
201512 1,325.276 102.133 1,694.757
201603 1,327.965 102.764 1,687.767
201606 1,315.474 103.212 1,664.628
201609 1,330.792 104.142 1,668.972
201612 1,397.130 105.222 1,734.192
201703 1,377.258 106.476 1,689.392
201706 1,406.101 107.722 1,704.828
201709 1,424.706 108.020 1,722.606
201712 1,506.670 109.017 1,805.056
201803 1,525.515 110.097 1,809.712
201806 1,526.823 111.085 1,795.151
201809 1,566.444 111.135 1,840.909
201812 1,613.447 112.430 1,874.301
201903 1,632.872 112.829 1,890.165
201906 1,635.605 114.730 1,861.946
201909 1,670.633 114.905 1,898.935
201912 1,751.156 115.486 1,980.443
202003 1,444.169 116.252 1,622.493
202006 1,440.534 116.630 1,613.171
202009 1,430.526 116.397 1,605.173
202012 1,426.704 117.318 1,588.310
202103 1,428.438 117.840 1,583.200
202106 1,428.834 118.184 1,579.028
202109 1,431.081 118.262 1,580.471
202112 1,439.960 119.516 1,573.586
202203 1,513.898 120.948 1,634.796
202206 1,466.713 123.322 1,553.351
202209 1,469.489 125.298 1,531.748
202212 998.255 126.098 1,033.953
202303 999.260 126.953 1,028.025
202306 999.731 127.663 1,022.786
202309 1,001.055 128.151 1,020.237
202312 1,024.736 129.395 1,034.337
202403 1,025.943 130.607 1,025.943

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.


PT Adhi Karya (Persero) Tbk  (ISX:ADHI) 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 Adhi Karya (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PT Adhi Karya (Persero) Tbk's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Adhi Karya (Persero) Tbk (ISX:ADHI) Business Description

Traded in Other Exchanges
Address
Jalan Raya Pasar Minggu Km. 18, South Jakarta, Jakata, IDN, 12510
PT Adhi Karya (Persero) Tbk is an Indonesia-based company that provides construction services. The company operates through segments namely the Engineering and Infrastructure segment, Property and Hospitality, Manufacturing, Investments and Concessions.