PT Astra International Tbk (ISX:ASII) Cyclically Adjusted PB Ratio: 1.06 (As of Jul. 07, 2026) — 37% Below Median


ISX:ASII PT Astra International Tbk ISX:ASII
92 GF Score
Price Rp4,930.00
GF Value Rp5,290.09
Valuation Fairly Valued
! 4 Warning Signs
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What is PT Astra International Tbk Cyclically Adjusted PB Ratio?

PT Astra International Tbk ISX:ASII +3.14% 92 Cyclically Adjusted PB Ratio is 1.06 as of Jul. 07, 2026, which is 37% below its 10-year median of 1.67. GuruFocus rates ISX:ASII with a GF Score™ of 92/100 and a GF Value™ of Rp5,290.09 (Fairly Valued). The stock has 4 warning signs investors should review. Among 477 Conglomerates companies, PT Astra International Tbk ranks better than 51.15% on this metric.

As of today (2026-07-07), PT Astra International Tbk's current share price is Rp4930.00. PT Astra International Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp4,632.58. PT Astra International Tbk's Cyclically Adjusted PB Ratio for today is 1.06.

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

ISX:ASII' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.67   Max: 3.48
Current: 1.04

During the past years, PT Astra International Tbk's highest Cyclically Adjusted PB Ratio was 3.48. The lowest was 0.99. And the median was 1.67.

ISX:ASII's Cyclically Adjusted PB Ratio is ranked better than
51.15% of 477 companies
in the Conglomerates industry
Industry Median: 1.08 vs ISX:ASII: 1.04

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 Astra International Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp5,809.856. 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 Rp4,632.58 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Astra International Tbk  (ISX:ASII) 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 Astra International Tbk Cyclically Adjusted PB Ratio Related Terms


PT Astra International Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Astra International 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 Astra International Tbk Cyclically Adjusted PB Ratio Chart

PT Astra International 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 1.77 1.57 1.44 1.17 1.48

PT Astra International 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 1.16 1.04 1.31 1.48 1.35

ISX:ASII vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, PT Astra International 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 Astra International Tbk Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Astra International Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ASII
92GF Score
PT Astra International Tbk ISX:ASII
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Astra International 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 Astra International Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4930.00/4632.58
=1.06

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

For example, PT Astra International 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)
=5809.856/136.5387*136.5387
=5,809.856

Current CPI (Mar. 2026) = 136.5387.

PT Astra International Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 2,575.145 103.212 3,406.638
201609 2,611.085 104.142 3,423.333
201612 2,765.345 105.222 3,588.384
201703 2,888.902 106.476 3,704.565
201706 2,880.849 107.722 3,651.522
201709 2,946.011 108.020 3,723.783
201712 3,057.538 109.017 3,829.427
201803 3,185.812 110.097 3,950.958
201806 3,154.886 111.085 3,877.798
201809 3,272.440 111.135 4,020.486
201812 3,382.781 112.430 4,108.164
201903 3,502.583 112.829 4,238.629
201906 3,444.386 114.730 4,099.112
201909 3,529.458 114.905 4,193.980
201912 3,652.026 115.486 4,317.781
202003 3,818.365 116.252 4,484.682
202006 3,773.360 116.630 4,417.479
202009 3,821.972 116.397 4,483.353
202012 3,845.068 117.318 4,475.018
202103 3,970.995 117.840 4,601.115
202106 4,012.420 118.184 4,635.577
202109 4,113.769 118.262 4,749.540
202112 4,249.948 119.516 4,855.265
202203 4,427.403 120.948 4,998.105
202206 4,541.079 123.322 5,027.740
202209 4,674.071 125.298 5,093.374
202212 4,746.174 126.098 5,139.161
202303 4,936.993 126.953 5,309.786
202306 4,603.005 127.663 4,923.030
202309 4,712.753 128.151 5,021.195
202312 4,906.684 129.395 5,177.587
202403 5,113.188 130.607 5,345.411
202406 4,923.431 130.792 5,139.771
202409 5,111.039 130.361 5,353.251
202412 5,278.094 131.432 5,483.192
202503 5,467.702 131.948 5,657.916
202506 5,385.002 133.241 5,518.297
202509 5,609.463 133.819 5,723.468
202512 5,692.237 135.271 5,745.578
202603 5,809.856 136.539 5,809.856

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 1.06 mean?
PT Astra International Tbk (ISX:ASII) has a Cyclically Adjusted PB Ratio of 1.06 as of Jul. 07, 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 Astra International Tbk and its competitors. This is 37% below median its historical median of 1.67. Over the past decade, PT Astra International Tbk's Cyclically Adjusted PB Ratio has ranged from 0.99 to 3.48. According to the industry distribution chart, PT Astra International Tbk ranks #233 out of 477 companies in the Conglomerates industry, placing it in the top 48.8%.
Is PT Astra International Tbk's Cyclically Adjusted PB Ratio too high?
PT Astra International Tbk's current Cyclically Adjusted PB Ratio of 1.06 is 37% below median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 3.48. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.08. PT Astra International Tbk's value of 1.06 is 1.9% below this industry median. Based on the distribution chart, PT Astra International Tbk ranks #233 out of 477 companies in the Conglomerates industry, which is above the industry midpoint. Overall, PT Astra International Tbk has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Astra International Tbk's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, PT Astra International Tbk ranks #233 out of 477 companies for Cyclically Adjusted PB Ratio. This puts PT Astra International Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. PT Astra International Tbk's value of 1.06 is 1.9% below this benchmark. Historically, PT Astra International Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.99 to 3.48 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 1.08, PT Astra International 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.08, based on 477 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 Astra International Tbk's current Cyclically Adjusted PB Ratio of 1.06 is 1.9% 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 Astra International Tbk and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Astra International Tbk's current Cyclically Adjusted PB Ratio is 1.06, which is 37% below median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Astra International Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Astra International Tbk (ISX:ASII) is currently considered Fairly Valued. The stock's GF Value™ is Rp5,290.09, compared to a current price of Rp4,930.00 — trading 6.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.06, which is 37% below median its 10-year median of 1.67 and 1.9% below the Conglomerates industry median of 1.08. PT Astra International Tbk's overall GF Score™ is 92/100 with 4 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 Astra International Tbk (ISX:ASII), the current Cyclically Adjusted PB Ratio is 1.06 as of Jul. 07, 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 Astra International Tbk (ISX:ASII) Overvalued in 2026?

Based on GuruFocus' analysis, PT Astra International Tbk stock appears to be undervalued. The current stock price of Rp4,930.00 is trading 6.8% below its estimated GF Value™ of Rp5,290.09. GuruFocus considers PT Astra International Tbk to be Fairly Valued.

Key valuation signals for ISX:ASII:

  • Cyclically Adjusted PB Ratio: 1.06 (37% below median its 10-year median of 1.67)
  • GF Value™: Rp5,290.09 vs. price of Rp4,930.00 (6.8% below fair value)
  • GF Score™: 92/100 with 4 warning signs
  • Industry Position: 1.9% below the Conglomerates median (#233 of 477)

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


PT Astra International Tbk Business Description

Address Jalan Jend. Sudirman Kav. 5-6, Menara Astra, 59th Floor, Karet Tengsin, Tanah Abang, Jakarta, IDN, 10220
PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive and mobility, Financial Services, Energy (HEMCE), Agribusiness, Infrastructure, Information Technology, and Property. The company generates maximum revenue from Energy Segment. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining, and other activities.
92GF Score

Get the complete analysis for ISX:ASII

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

Rp4,930.00
Price
Rp5,290.09
GF Value