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PT Alkindo Naratama TbkISX:ALDO -1.88%64 Cyclically Adjusted PB Ratio is 3.12 as of Jul. 28, 2026, which is 31% above its 10-year median of 2.39. GuruFocus rates ISX:ALDO with a GF Score™ of 64/100 and a GF Value™ of Rp595.88 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 244 Forest Products companies, PT Alkindo Naratama Tbk ranks worse than 90.57% on this metric.
The historical rank and industry rank for PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:
ISX:ALDO'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.82 Med: 2.39 Max: 5.91
Current: 3.18
During the past years, PT Alkindo Naratama Tbk's highest Cyclically Adjusted PB Ratio was 5.91. The lowest was 1.82. And the median was 2.39.
ISX:ALDO's Cyclically Adjusted PB Ratio is ranked worse than 90.57% of 244
companies
in the Forest Products industry
Industry Median: 0.745
vs ISX:ALDO: 3.18
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 Alkindo Naratama Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp394.005. 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 Rp251.26 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
PT Alkindo Naratama Tbk (ISX:ALDO) 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 Alkindo Naratama Tbk Cyclically Adjusted PB Ratio Related Terms
PT Alkindo Naratama Tbk Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for PT Alkindo Naratama 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 Alkindo Naratama Tbk Cyclically Adjusted PB Ratio Chart
ISX:ALDO vs SLVM: Cyclically Adjusted PB Ratio Comparison
For the Paper & Paper Products subindustry, PT Alkindo Naratama 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 Alkindo Naratama Tbk Cyclically Adjusted PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio falls into.
PT Alkindo Naratama 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.
* 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.
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 3.12 mean?
PT Alkindo Naratama Tbk (ISX:ALDO) has a Cyclically Adjusted PB Ratio of 3.12 as of Jul. 28, 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 Alkindo Naratama Tbk and its competitors. This is 31% above median its historical median of 2.39. Over the past decade, PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio has ranged from 1.82 to 5.91. According to the industry distribution chart, PT Alkindo Naratama Tbk ranks #221 out of 244 companies in the Forest Products industry, placing it in the top 90.6%.
Is PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio too high?
PT Alkindo Naratama Tbk's current Cyclically Adjusted PB Ratio of 3.12 is 31% above median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 5.91. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.75. PT Alkindo Naratama Tbk's value of 3.12 is 318.8% above this industry median. Based on the distribution chart, PT Alkindo Naratama Tbk ranks #221 out of 244 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Alkindo Naratama Tbk has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Alkindo Naratama Tbk's Cyclically Adjusted PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, PT Alkindo Naratama Tbk ranks #221 out of 244 companies for Cyclically Adjusted PB Ratio. This places PT Alkindo Naratama Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.75. PT Alkindo Naratama Tbk's value of 3.12 is 318.8% above this benchmark. Historically, PT Alkindo Naratama Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.82 to 5.91 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 0.75, PT Alkindo Naratama 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.75, based on 244 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 Alkindo Naratama Tbk's current Cyclically Adjusted PB Ratio of 3.12 is 318.8% 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 Alkindo Naratama Tbk and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alkindo Naratama Tbk's current Cyclically Adjusted PB Ratio is 3.12, which is 31% above median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alkindo Naratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk (ISX:ALDO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp595.88, compared to a current price of Rp785.00 — trading 31.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.12, which is 31% above median its 10-year median of 2.39 and 318.8% above the Forest Products industry median of 0.75. PT Alkindo Naratama Tbk's overall GF Score™ is 64/100 with 11 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 Alkindo Naratama Tbk (ISX:ALDO), the current Cyclically Adjusted PB Ratio is 3.12 as of Jul. 28, 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 Alkindo Naratama Tbk (ISX:ALDO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk stock appears to be overvalued.
The current stock price of Rp785.00 is trading 31.7% above its estimated GF Value™ of Rp595.88.
GuruFocus considers PT Alkindo Naratama Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ALDO:
Cyclically Adjusted PB Ratio: 3.12 (31% above median its 10-year median of 2.39)
GF Value™: Rp595.88 vs. price of Rp785.00 (31.7% above fair value)
Industry Position: 318.8% above the Forest Products median (#221 of 244)
No single metric tells the full story. See the ISX:ALDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Alkindo Naratama Tbk is an Indonesian business group engaged in providing solutions in the field of integrated paper production and chemicals. It converts waste paper into various paper packaging products such as papercore, paperbox, paperbag, papercup, paperbowl, hexa wrap, etc. Additionally, it offers industrial paper solutions by recycling used cardboard into jumbo rolls of brown paper into products such as Kraft Liner, Eco Board, and Core Board. In the Chemicals business, the Group offers water-based polymers, textile dyes, and other chemicals under brands and trademarks like Alfachem, Alfabond, Alfacoat, and Archroma. The Group's operating business segments are: Paper, which generates the maximum revenue, and Chemicals and others.
64GF Score
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