PT Alamtri Resources Indonesia Tbk (ISX:ADRO) Cyclically Adjusted PB Ratio: 1.03 (As of Jul. 16, 2026) — 13% Below Median

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ISX:ADRO PT Alamtri Resources Indonesia Tbk ISX:ADRO
85 GF Score
Price Rp2,510.00
GF Value Rp2,536.16
Valuation Fairly Valued
! 7 Warning Signs
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What is PT Alamtri Resources Indonesia Tbk Cyclically Adjusted PB Ratio?

PT Alamtri Resources Indonesia Tbk ISX:ADRO +1.21% 85 Cyclically Adjusted PB Ratio is 1.03 as of Jul. 16, 2026, which is 13% below its 10-year median of 1.19. GuruFocus rates ISX:ADRO with a GF Score™ of 85/100 and a GF Value™ of Rp2,536.16 (Fairly Valued). The stock has 7 warning signs investors should review. Among 137 Other Energy Sources companies, PT Alamtri Resources Indonesia Tbk ranks better than 54.74% on this metric.

As of today (2026-07-16), PT Alamtri Resources Indonesia Tbk's current share price is Rp2510.00. PT Alamtri Resources Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp2,436.98. PT Alamtri Resources Indonesia Tbk's Cyclically Adjusted PB Ratio for today is 1.03.

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

ISX:ADRO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.19   Max: 2.51
Current: 0.98

During the past years, PT Alamtri Resources Indonesia Tbk's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.71. And the median was 1.19.

ISX:ADRO's Cyclically Adjusted PB Ratio is ranked better than
54.74% of 137 companies
in the Other Energy Sources industry
Industry Median: 1.1 vs ISX:ADRO: 0.98

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 Alamtri Resources Indonesia Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp2,877.894. 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 Rp2,436.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Alamtri Resources Indonesia Tbk  (ISX:ADRO) 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 Alamtri Resources Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Alamtri Resources Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Alamtri Resources 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 1.48 2.22 1.20 1.10 0.76

PT Alamtri Resources Indonesia 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 0.82 0.80 0.72 0.76 1.06

PT Alamtri Resources Indonesia Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, PT Alamtri Resources 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 Alamtri Resources Indonesia Tbk Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Alamtri Resources Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ADRO
85GF Score
PT Alamtri Resources Indonesia Tbk ISX:ADRO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2510.00/2436.98
=1.03

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

For example, PT Alamtri Resources Indonesia 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)
=2877.894/136.5387*136.5387
=2,877.894

Current CPI (Mar. 2026) = 136.5387.

PT Alamtri Resources Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,233.004 103.212 1,631.131
201609 1,246.488 104.142 1,634.242
201612 1,319.888 105.222 1,712.721
201703 1,349.096 106.476 1,730.005
201706 1,374.181 107.722 1,741.796
201709 1,436.875 108.020 1,816.222
201712 1,469.757 109.017 1,840.804
201803 1,533.267 110.097 1,901.516
201806 1,545.923 111.085 1,900.157
201809 1,702.490 111.135 2,091.662
201812 1,654.281 112.430 2,009.015
201903 1,668.053 112.829 2,018.584
201906 1,682.858 114.730 2,002.744
201909 1,699.148 114.905 2,019.062
201912 1,634.240 115.486 1,932.158
202003 1,781.897 116.252 2,092.844
202006 1,645.945 116.630 1,926.911
202009 1,693.166 116.397 1,986.164
202012 1,644.834 117.318 1,914.312
202103 1,738.055 117.840 2,013.851
202106 1,698.303 118.184 1,962.062
202109 1,803.003 118.262 2,081.652
202112 1,899.690 119.516 2,170.262
202203 2,099.626 120.948 2,370.273
202206 2,394.212 123.322 2,650.797
202209 2,781.147 125.298 3,030.639
202212 3,036.023 126.098 3,287.408
202303 3,206.885 126.953 3,449.037
202306 3,107.557 127.663 3,323.611
202309 3,373.314 128.151 3,594.092
202312 3,402.699 129.395 3,590.565
202403 3,625.266 130.607 3,789.913
202406 3,760.183 130.792 3,925.409
202409 3,896.632 130.361 4,081.293
202412 2,612.213 131.432 2,713.719
202503 2,638.626 131.948 2,730.420
202506 2,531.112 133.241 2,593.765
202509 2,659.919 133.819 2,713.978
202512 2,601.988 135.271 2,626.371
202603 2,877.894 136.539 2,877.894

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 1.03 mean?
PT Alamtri Resources Indonesia Tbk (ISX:ADRO) has a Cyclically Adjusted PB Ratio of 1.03 as of Jul. 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 Alamtri Resources Indonesia Tbk and its competitors. This is 13% below median its historical median of 1.19. Over the past decade, PT Alamtri Resources Indonesia Tbk's Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.51. According to the industry distribution chart, PT Alamtri Resources Indonesia Tbk ranks #62 out of 137 companies in the Other Energy Sources industry, placing it in the top 45.3%.
Is PT Alamtri Resources Indonesia Tbk's Cyclically Adjusted PB Ratio too high?
PT Alamtri Resources Indonesia Tbk's current Cyclically Adjusted PB Ratio of 1.03 is 13% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.51. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.10. PT Alamtri Resources Indonesia Tbk's value of 1.03 is 6.4% below this industry median. Based on the distribution chart, PT Alamtri Resources Indonesia Tbk ranks #62 out of 137 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, PT Alamtri Resources Indonesia Tbk has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Alamtri Resources Indonesia Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Alamtri Resources Indonesia Tbk ranks #62 out of 137 companies for Cyclically Adjusted PB Ratio. This puts PT Alamtri Resources Indonesia Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. PT Alamtri Resources Indonesia Tbk's value of 1.03 is 6.4% below this benchmark. Historically, PT Alamtri Resources Indonesia Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.51 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.10, PT Alamtri Resources 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 an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.10, based on 137 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 Alamtri Resources Indonesia Tbk's current Cyclically Adjusted PB Ratio of 1.03 is 6.4% 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 Alamtri Resources Indonesia Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alamtri Resources Indonesia Tbk's current Cyclically Adjusted PB Ratio is 1.03, which is 13% below median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alamtri Resources Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alamtri Resources Indonesia Tbk (ISX:ADRO) is currently considered Fairly Valued. The stock's GF Value™ is Rp2,536.16, compared to a current price of Rp2,510.00 — trading 1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.03, which is 13% below median its 10-year median of 1.19 and 6.4% below the Other Energy Sources industry median of 1.10. PT Alamtri Resources Indonesia Tbk's overall GF Score™ is 85/100 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 PT Alamtri Resources Indonesia Tbk (ISX:ADRO), the current Cyclically Adjusted PB Ratio is 1.03 as of Jul. 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 Alamtri Resources Indonesia Tbk (ISX:ADRO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Alamtri Resources Indonesia Tbk stock appears to be undervalued. The current stock price of Rp2,510.00 is trading 1% below its estimated GF Value™ of Rp2,536.16. GuruFocus considers PT Alamtri Resources Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:ADRO:

  • Cyclically Adjusted PB Ratio: 1.03 (13% below median its 10-year median of 1.19)
  • GF Value™: Rp2,536.16 vs. price of Rp2,510.00 (1% below fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 6.4% below the Other Energy Sources median (#62 of 137)

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


PT Alamtri Resources Indonesia Tbk Business Description

Address Jalan H.R. Rasuna Said, Block X-5, Menara Karya 23rd Floor, Kav. 1-2, Jakarta, IDN, 12950
PT Alamtri Resources Indonesia Tbk is an integrated mining, energy, and minerals company. The company produces thermal coal, which is marketed under the brand name Envirocoal, and is also engaged in the production of hard coking coal. The company's main customers are blue-chip power utilities companies. In addition to the core mining business, the company also engages in barging, ship-loading, dredging, port services, marketing, power generation, and other businesses through its subsidiaries. The company's operating segments are; Mining, Mining Services, and Others.
85GF Score

Get the complete analysis for ISX:ADRO

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

Rp2,510.00
Price
Rp2,536.16
GF Value