PT Polychem Indonesia Tbk (ISX:ADMG) Cyclically Adjusted PB Ratio: 0.33 (As of Aug. 16, 2026) — 106% 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:ADMG PT Polychem Indonesia Tbk ISX:ADMG
55 GF Score
Price Rp258.00
GF Value Rp235.33
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is PT Polychem Indonesia Tbk Cyclically Adjusted PB Ratio?

PT Polychem Indonesia Tbk ISX:ADMG +0.78% 55 Cyclically Adjusted PB Ratio is 0.33 as of Aug. 16, 2026, which is 106% above its 10-year median of 0.16. GuruFocus rates ISX:ADMG with a GF Score™ of 55/100 and a GF Value™ of Rp235.33 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,203 Chemicals companies, PT Polychem Indonesia Tbk ranks better than 93.77% on this metric.

As of today (2026-08-16), PT Polychem Indonesia Tbk's current share price is Rp258.00. PT Polychem Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp781.47. PT Polychem Indonesia Tbk's Cyclically Adjusted PB Ratio for today is 0.33.

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

ISX:ADMG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.16   Max: 0.33
Current: 0.33

During the past years, PT Polychem Indonesia Tbk's highest Cyclically Adjusted PB Ratio was 0.33. The lowest was 0.11. And the median was 0.16.

ISX:ADMG's Cyclically Adjusted PB Ratio is ranked better than
93.77% of 1203 companies
in the Chemicals industry
Industry Median: 1.68 vs ISX:ADMG: 0.33

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 Polychem Indonesia Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp545.232. 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 Rp781.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Polychem Indonesia Tbk  (ISX:ADMG) 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 Polychem Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Polychem Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Polychem Indonesia 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 Polychem Indonesia Tbk Cyclically Adjusted PB Ratio Chart

PT Polychem Indonesia 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 0.21 0.16 0.15 0.13 0.28

PT Polychem Indonesia Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.13 0.18 0.28 0.26 0.26

ISX:ADMG vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, PT Polychem Indonesia 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 Polychem Indonesia Tbk Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Polychem Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ADMG
55GF Score
PT Polychem Indonesia Tbk ISX:ADMG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Polychem Indonesia 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 Polychem Indonesia Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=258.00/781.47
=0.33

* 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 Polychem Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Polychem Indonesia Tbk's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=545.232/137.6954*137.6954
=545.232

Current CPI (Jun. 2026) = 137.6954.

PT Polychem Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 801.899 104.142 1,060.258
201612 846.939 105.222 1,108.321
201703 855.066 106.476 1,105.778
201706 832.677 107.722 1,064.372
201709 822.321 108.020 1,048.226
201712 837.028 109.017 1,057.221
201803 880.204 110.097 1,100.853
201806 915.392 111.085 1,134.677
201809 966.777 111.135 1,197.835
201812 908.472 112.430 1,112.626
201903 882.614 112.829 1,077.138
201906 859.322 114.730 1,031.330
201909 805.830 114.905 965.663
201912 748.862 115.486 892.878
202003 778.457 116.252 922.046
202006 705.757 116.630 833.230
202009 690.515 116.397 816.869
202012 614.881 117.318 721.681
202103 629.565 117.840 735.645
202106 640.991 118.184 746.815
202109 634.968 118.262 739.311
202112 633.239 119.516 729.559
202203 613.306 120.948 698.228
202206 599.239 123.322 669.079
202209 582.725 125.298 640.380
202212 583.257 126.098 636.901
202303 541.077 126.953 586.864
202306 525.622 127.663 566.928
202309 530.675 128.151 570.197
202312 502.700 129.395 534.948
202403 503.224 130.607 530.535
202406 520.765 130.792 548.253
202409 480.677 130.361 507.721
202412 478.727 131.432 501.543
202503 487.505 131.948 508.738
202506 486.882 133.241 503.161
202509 497.540 133.819 511.952
202512 483.977 135.271 492.651
202603 498.759 136.539 502.984
202606 545.232 137.695 545.232

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 0.33 mean?
PT Polychem Indonesia Tbk (ISX:ADMG) has a Cyclically Adjusted PB Ratio of 0.33 as of Aug. 16, 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 Polychem Indonesia Tbk and its competitors. This is 106% above median its historical median of 0.16. Over the past decade, PT Polychem Indonesia Tbk's Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.33. According to the industry distribution chart, PT Polychem Indonesia Tbk ranks #75 out of 1203 companies in the Chemicals industry, placing it in the top 6.2%.
Is PT Polychem Indonesia Tbk's Cyclically Adjusted PB Ratio too high?
PT Polychem Indonesia Tbk's current Cyclically Adjusted PB Ratio of 0.33 is 106% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.33. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. PT Polychem Indonesia Tbk's value of 0.33 is 80.4% below this industry median. Based on the distribution chart, PT Polychem Indonesia Tbk ranks #75 out of 1203 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, PT Polychem Indonesia Tbk has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Polychem Indonesia Tbk's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, PT Polychem Indonesia Tbk ranks #75 out of 1203 companies for Cyclically Adjusted PB Ratio. This places PT Polychem Indonesia Tbk in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.68. PT Polychem Indonesia Tbk's value of 0.33 is 80.4% below this benchmark. Historically, PT Polychem Indonesia Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.33 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 1.68, PT Polychem Indonesia 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.68, based on 1,203 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 Polychem Indonesia Tbk's current Cyclically Adjusted PB Ratio of 0.33 is 80.4% 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 Polychem Indonesia Tbk and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Polychem Indonesia Tbk's current Cyclically Adjusted PB Ratio is 0.33, which is 106% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Polychem Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Polychem Indonesia Tbk (ISX:ADMG) is currently considered Fairly Valued. The stock's GF Value™ is Rp235.33, compared to a current price of Rp258.00 — trading 9.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is 106% above median its 10-year median of 0.16 and 80.4% below the Chemicals industry median of 1.68. PT Polychem Indonesia Tbk's overall GF Score™ is 55/100 with 6 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 Polychem Indonesia Tbk (ISX:ADMG), the current Cyclically Adjusted PB Ratio is 0.33 as of Aug. 16, 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 Polychem Indonesia Tbk (ISX:ADMG) Overvalued in 2026?

Based on GuruFocus' analysis, PT Polychem Indonesia Tbk stock appears to be overvalued. The current stock price of Rp258.00 is trading 9.6% above its estimated GF Value™ of Rp235.33. GuruFocus considers PT Polychem Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:ADMG:

  • Cyclically Adjusted PB Ratio: 0.33 (106% above median its 10-year median of 0.16)
  • GF Value™: Rp235.33 vs. price of Rp258.00 (9.6% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 80.4% below the Chemicals median (#75 of 1203)

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


PT Polychem Indonesia Tbk Business Description

Address Jalan Jend. Sudirman Kavling 1 RT.010 RW.009, Gedung Wisma 46-Kota BNI 20th Floor, Karet Tengsin Tanah Abang Kota Adm., Jakarta Pusat DKI, Jakarta, IDN, 10220
PT Polychem Indonesia Tbk is an Indonesia-based company that manufactures polyester chips, polyester filaments, engineering plastic, engineering resin, ethylene glycol, polyester staple fiber, and petrochemical. The company is also engaged in knitting, weaving, spinning, and textile manufacturing. The company's sales were made to Indonesia, Asia, and European countries. It has two segments: the Ethylene glycol and petrochemical segment, which derives key revenue, and the Polyester Segment.
55GF Score

Get the complete analysis for ISX:ADMG

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

Rp258.00
Price
Rp235.33
GF Value