PT Adirana Armada Tbk (ISX:ASSA) Cyclically Adjusted PB Ratio: 1.37 (As of Jul. 14, 2026) — 43% Below Median

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ISX:ASSA PT Adi Sarana Armada Tbk ISX:ASSA
91 GF Score
Price Rp615.00
GF Value Rp1,062.79
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Adirana Armada Tbk Cyclically Adjusted PB Ratio?

PT Adirana Armada Tbk ISX:ASSA +1.65% 91 Cyclically Adjusted PB Ratio is 1.37 as of Jul. 14, 2026, which is 43% below its 10-year median of 2.39. GuruFocus rates ISX:ASSA with a GF Score™ of 91/100 and a GF Value™ of Rp1,062.79 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 730 Business Services companies, PT Adirana Armada Tbk ranks better than 56.58% on this metric.

As of today (2026-07-14), PT Adirana Armada Tbk's current share price is Rp615.00. PT Adirana Armada Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp448.65. PT Adirana Armada Tbk's Cyclically Adjusted PB Ratio for today is 1.37.

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

ISX:ASSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.39   Max: 12.99
Current: 1.3

During the past years, PT Adirana Armada Tbk's highest Cyclically Adjusted PB Ratio was 12.99. The lowest was 1.23. And the median was 2.39.

ISX:ASSA's Cyclically Adjusted PB Ratio is ranked better than
56.58% of 730 companies
in the Business Services industry
Industry Median: 1.57 vs ISX:ASSA: 1.30

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 Adirana Armada Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp620.240. 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 Rp448.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Adirana Armada Tbk  (ISX:ASSA) 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 Adirana Armada Tbk Cyclically Adjusted PB Ratio Related Terms


PT Adirana Armada Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Adirana Armada 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 Adirana Armada Tbk Cyclically Adjusted PB Ratio Chart

PT Adirana Armada 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 10.64 2.26 2.13 1.73 2.58

PT Adirana Armada 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 1.31 1.83 1.99 2.58 1.73

ISX:ASSA vs URI, SUNB, AER: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, PT Adirana Armada 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 Adirana Armada Tbk Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ASSA
91GF Score
PT Adi Sarana Armada Tbk ISX:ASSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Adirana Armada 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 Adirana Armada Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=615.00/448.65
=1.37

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

For example, PT Adirana Armada 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)
=620.24/136.5387*136.5387
=620.240

Current CPI (Mar. 2026) = 136.5387.

PT Adirana Armada Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 234.377 103.212 310.055
201609 238.941 104.142 313.270
201612 245.412 105.222 318.453
201703 251.564 106.476 322.592
201706 251.478 107.722 318.752
201709 258.499 108.020 326.745
201712 267.704 109.017 335.287
201803 278.699 110.097 345.635
201806 276.843 111.085 340.279
201809 285.162 111.135 350.347
201812 295.046 112.430 358.314
201903 303.083 112.829 366.774
201906 311.171 114.730 370.320
201909 318.382 114.905 378.327
201912 323.714 115.486 382.726
202003 332.772 116.252 390.842
202006 338.030 116.630 395.732
202009 337.387 116.397 395.771
202012 348.641 117.318 405.760
202103 358.014 117.840 414.824
202106 369.332 118.184 426.692
202109 532.336 118.262 614.607
202112 426.818 119.516 487.609
202203 447.577 120.948 505.271
202206 458.473 123.322 507.607
202209 462.366 125.298 503.844
202212 453.569 126.098 491.125
202303 467.740 126.953 503.059
202306 472.549 127.663 505.403
202309 504.668 128.151 537.698
202312 503.311 129.395 531.099
202403 522.287 130.607 546.007
202406 537.187 130.792 560.791
202409 540.751 130.361 566.377
202412 529.336 131.432 549.905
202503 556.937 131.948 576.312
202506 551.759 133.241 565.417
202509 594.244 133.819 606.321
202512 594.065 135.271 599.632
202603 620.240 136.539 620.240

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 1.37 mean?
PT Adirana Armada Tbk (ISX:ASSA) has a Cyclically Adjusted PB Ratio of 1.37 as of Jul. 14, 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 Adirana Armada Tbk and its competitors. This is 43% below median its historical median of 2.39. Over the past decade, PT Adirana Armada Tbk's Cyclically Adjusted PB Ratio has ranged from 1.23 to 12.99. According to the industry distribution chart, PT Adirana Armada Tbk ranks #317 out of 730 companies in the Business Services industry, placing it in the top 43.4%.
Is PT Adirana Armada Tbk's Cyclically Adjusted PB Ratio too high?
PT Adirana Armada Tbk's current Cyclically Adjusted PB Ratio of 1.37 is 43% below median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 12.99. The Business Services industry median Cyclically Adjusted PB Ratio is 1.57. PT Adirana Armada Tbk's value of 1.37 is 12.7% below this industry median. Based on the distribution chart, PT Adirana Armada Tbk ranks #317 out of 730 companies in the Business Services industry, which is above the industry midpoint. Overall, PT Adirana Armada Tbk has a GF Score™ of 91/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's Cyclically Adjusted PB Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Adirana Armada Tbk ranks #317 out of 730 companies for Cyclically Adjusted PB Ratio. This puts PT Adirana Armada Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. PT Adirana Armada Tbk's value of 1.37 is 12.7% below this benchmark. Historically, PT Adirana Armada Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.23 to 12.99 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 1.57, PT Adirana Armada 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.57, based on 730 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 Adirana Armada Tbk's current Cyclically Adjusted PB Ratio of 1.37 is 12.7% 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 Adirana Armada Tbk and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Adirana Armada Tbk's current Cyclically Adjusted PB Ratio is 1.37, which is 43% below 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 Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,062.79, compared to a current price of Rp615.00 — trading 42.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.37, which is 43% below median its 10-year median of 2.39 and 12.7% below the Business Services industry median of 1.57. PT Adirana Armada Tbk's overall GF Score™ is 91/100 with 3 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 Adirana Armada Tbk (ISX:ASSA), the current Cyclically Adjusted PB Ratio is 1.37 as of Jul. 14, 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 Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued. The current stock price of Rp615.00 is trading 42.1% below its estimated GF Value™ of Rp1,062.79. GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.

Key valuation signals for ISX:ASSA:

  • Cyclically Adjusted PB Ratio: 1.37 (43% below median its 10-year median of 2.39)
  • GF Value™: Rp1,062.79 vs. price of Rp615.00 (42.1% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 12.7% below the Business Services median (#317 of 730)

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


PT Adirana Armada Tbk Business Description

Address Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
91GF Score

Get the complete analysis for ISX:ASSA

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

Rp615.00
Price
Rp1,062.79
GF Value