PTranacentral Bajatama Tbk (ISX:BAJA) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:BAJA PT Saranacentral Bajatama Tbk ISX:BAJA
51 GF Score
Price Rp244.00
GF Value Rp114.55
Valuation Significantly Overvalued
! 7 Warning Signs
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What is PTranacentral Bajatama Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PTranacentral Bajatama Tbk  (ISX:BAJA) 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.


PTranacentral Bajatama Tbk Cyclically Adjusted PB Ratio Related Terms


PTranacentral Bajatama Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PTranacentral Bajatama 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.

PTranacentral Bajatama Tbk Cyclically Adjusted PB Ratio Chart

PTranacentral Bajatama 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 0.00 1.23 1.33 1.07 2.05

PTranacentral Bajatama Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.43 1.82 2.05 1.92 0.00

ISX:BAJA vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, PTranacentral Bajatama 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.


PTranacentral Bajatama Tbk Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, PTranacentral Bajatama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PTranacentral Bajatama Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BAJA
51GF Score
PT Saranacentral Bajatama Tbk ISX:BAJA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PTranacentral Bajatama 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.

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

For example, PTranacentral Bajatama 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)
=23.711/137.6954*137.6954
=23.711

Current CPI (Jun. 2026) = 137.6954.

PTranacentral Bajatama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 109.712 104.142 145.059
201612 109.168 105.222 142.859
201703 110.374 106.476 142.736
201706 106.112 107.722 135.638
201709 98.694 108.020 125.807
201712 95.565 109.017 120.705
201803 92.794 110.097 116.056
201806 78.305 111.085 97.063
201809 62.947 111.135 77.991
201812 42.512 112.430 52.065
201903 46.131 112.829 56.298
201906 37.376 114.730 44.857
201909 35.217 114.905 42.202
201912 41.215 115.486 49.141
202003 -12.769 116.252 -15.124
202006 38.999 116.630 46.043
202009 41.894 116.397 49.560
202012 71.975 117.318 84.477
202103 94.505 117.840 110.429
202106 114.341 118.184 133.218
202109 137.730 118.262 160.363
202112 120.248 119.516 138.539
202203 112.683 120.948 128.286
202206 104.583 123.322 116.772
202209 84.761 125.298 93.147
202212 61.216 126.098 66.846
202303 67.335 126.953 73.033
202306 65.655 127.663 70.815
202309 55.863 128.151 60.023
202312 61.673 129.395 65.629
202403 51.959 130.607 54.779
202406 36.140 130.792 38.048
202409 49.813 130.361 52.616
202412 31.758 131.432 33.272
202503 21.131 131.948 22.051
202506 22.767 133.241 23.528
202509 17.742 133.819 18.256
202512 11.821 135.271 12.033
202603 6.043 136.539 6.094
202606 23.711 137.695 23.711

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 PTranacentral Bajatama Tbk (ISX:BAJA) Overvalued in 2026?

Based on GuruFocus' analysis, PTranacentral Bajatama Tbk stock appears to be overvalued. The current stock price of Rp244.00 is trading 113% above its estimated GF Value™ of Rp114.55. GuruFocus considers PTranacentral Bajatama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BAJA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp114.55 vs. price of Rp244.00 (113% above fair value)
  • GF Score™: 51/100 with 7 warning signs

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


PTranacentral Bajatama Tbk Business Description

Address Jalan Pangeran Jayakarta No. 55, Gedung Baja Tower B, Lantai 6, Mangga Dua Selatan, Sawah Besar, Jakarta Pusat, Jakarta, IDN, 10730
PT Saranacentral Bajatama Tbk is involved in the manufacture and sale of steel products in Indonesia. The company manufactures three types of coated steel products, namely, galvanized steel, Saranalume aluminum-zinc-coated steel, and Sarancolor painted zinc-coated steel. The company's products are used in various applications, including building, electrical machinery, and motor vehicles. The company has four reportable segments, including galvanized, saranalume, coloring, and non-production. The company derives the majority of its revenue from the Saranalume segment.
51GF Score

Get the complete analysis for ISX:BAJA

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

Rp244.00
Price
Rp114.55
GF Value