PT Argo Pantes Tbk (ISX:ARGO) Cyclically Adjusted PB Ratio: (As of Aug. 16, 2026)

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ISX:ARGO PT Argo Pantes Tbk ISX:ARGO
50 GF Score
Price Rp1,175.00
GF Value Rp822.08
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PT Argo Pantes Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Argo Pantes Tbk  (ISX:ARGO) 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 Argo Pantes Tbk Cyclically Adjusted PB Ratio Related Terms


PT Argo Pantes Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Argo Pantes 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 Argo Pantes Tbk Cyclically Adjusted PB Ratio Chart

PT Argo Pantes Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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PT Argo Pantes Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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ISX:ARGO vs AIN: Cyclically Adjusted PB Ratio Comparison

For the Textile Manufacturing subindustry, PT Argo Pantes 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 Argo Pantes Tbk Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Argo Pantes Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ARGO
50GF Score
PT Argo Pantes Tbk ISX:ARGO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Argo Pantes 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 Argo Pantes Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Argo Pantes 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)
=50.26/137.6954*137.6954
=50.260

Current CPI (Jun. 2026) = 137.6954.

PT Argo Pantes Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 -1,664.733 104.142 -2,201.083
201612 -2,298.251 105.222 -3,007.535
201703 -2,528.331 106.476 -3,269.656
201706 -2,703.547 107.722 -3,455.819
201709 -2,563.228 108.020 -3,267.389
201712 -2,907.570 109.017 -3,672.449
201803 -3,027.837 110.097 -3,786.853
201806 -3,075.208 111.085 -3,811.884
201809 -3,217.650 111.135 -3,986.661
201812 -3,476.164 112.430 -4,257.335
201903 -3,475.364 112.829 -4,241.319
201906 -3,490.420 114.730 -4,189.087
201909 -3,668.179 114.905 -4,395.745
201912 -3,596.708 115.486 -4,288.404
202003 -3,600.604 116.252 -4,264.747
202006 -3,761.166 116.630 -4,440.505
202009 -3,993.209 116.397 -4,723.905
202012 -3,743.958 117.318 -4,394.256
202103 0.000 117.840 0.000
202106 -4,058.867 118.184 -4,728.963
202109 -4,123.792 118.262 -4,801.446
202112 -3,831.725 119.516 -4,414.559
202203 -4,083.908 120.948 -4,649.390
202206 -4,136.507 123.322 -4,618.609
202209 -4,158.200 125.298 -4,569.612
202212 -4,119.594 126.098 -4,498.489
202303 -4,076.436 126.953 -4,421.390
202306 -4,092.778 127.663 -4,414.413
202309 44.357 128.151 47.660
202312 41.130 129.395 43.768
202403 40.831 130.607 43.047
202406 40.841 130.792 42.997
202409 42.358 130.361 44.741
202412 38.396 131.432 40.226
202503 35.420 131.948 36.963
202506 42.028 133.241 43.433
202509 37.905 133.819 39.003
202512 60.827 135.271 61.917
202603 60.048 136.539 60.557
202606 50.260 137.695 50.260

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.

Is PT Argo Pantes Tbk (ISX:ARGO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Argo Pantes Tbk stock appears to be overvalued. The current stock price of Rp1,175.00 is trading 42.9% above its estimated GF Value™ of Rp822.08. GuruFocus considers PT Argo Pantes Tbk to be Significantly Overvalued.

Key valuation signals for ISX:ARGO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp822.08 vs. price of Rp1,175.00 (42.9% above fair value)
  • GF Score™: 50/100 with 6 warning signs

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


PT Argo Pantes Tbk Business Description

Address Jalan. Jenderal Gatot Subroto No. 95, Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930
PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sale of finished fabric, knitwear, and garments. The company has two operating segments, which include the textile industry and the rental, of which the majority of the revenue derives from the leasing of warehouse facilities located in strategic industrial and commercial hubs in Tangerang and Bekasi. The Company's revenue from its warehouse business is categorized into four segments: (1) cooperation income, (2) rent income, (3) energy, and (4) local.
50GF Score

Get the complete analysis for ISX:ARGO

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

Rp1,175.00
Price
Rp822.08
GF Value