PT Sepatu Bata Tbk (ISX:BATA) Cyclically Adjusted PB Ratio: 0.19 (As of Sep. 09, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:BATA PT Sepatu Bata Tbk ISX:BATA
47 GF Score
Price Rp59.00
GF Value Rp43.62
! 7 Warning Signs
View Full Analysis

What is PT Sepatu Bata Tbk Cyclically Adjusted PB Ratio?

PT Sepatu Bata Tbk ISX:BATA 47 Cyclically Adjusted PB Ratio is 0.19 as of Sep. 09, 2026, which is at its 10-year median of 0.19. GuruFocus rates ISX:BATA with a GF Score™ of 47/100 and a GF Value™ of Rp43.62. The stock has 7 warning signs investors should review. Among 636 Manufacturing - Apparel & Accessories companies, PT Sepatu Bata Tbk ranks better than 91.98% on this metric.

As of today (2026-09-09), PT Sepatu Bata Tbk's current share price is Rp59.00. PT Sepatu Bata Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp316.04. PT Sepatu Bata Tbk's Cyclically Adjusted PB Ratio for today is 0.19.

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

ISX:BATA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.19   Max: 1.36
Current: 0.19

During the past years, PT Sepatu Bata Tbk's highest Cyclically Adjusted PB Ratio was 1.36. The lowest was 0.11. And the median was 0.19.

ISX:BATA's Cyclically Adjusted PB Ratio is ranked better than
91.98% of 636 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs ISX:BATA: 0.19

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 Sepatu Bata Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp-136.164. 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 Rp316.04 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Sepatu Bata Tbk  (ISX:BATA) 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 Sepatu Bata Tbk Cyclically Adjusted PB Ratio Related Terms


PT Sepatu Bata Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Sepatu Bata 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 Sepatu Bata Tbk Cyclically Adjusted PB Ratio Chart

PT Sepatu Bata 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 1.16 0.33 0.13 0.20

PT Sepatu Bata 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 0.13 0.14 0.20 0.18 0.19

ISX:BATA vs NKE, DECK, ONON: Cyclically Adjusted PB Ratio Comparison

For the Footwear & Accessories subindustry, PT Sepatu Bata 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 Sepatu Bata Tbk Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

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


ISX:BATA
47GF Score
PT Sepatu Bata Tbk ISX:BATA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Sepatu Bata 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 Sepatu Bata Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.00/316.04
=0.19

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

For example, PT Sepatu Bata 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)
=-136.164/137.6954*137.6954
=-136.164

Current CPI (Jun. 2026) = 137.6954.

PT Sepatu Bata Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 437.024 104.142 577.826
201612 428.581 105.222 560.849
201703 0.000 106.476 0.000
201706 0.000 107.722 0.000
201709 448.385 108.020 571.564
201712 445.622 109.017 562.849
201803 447.653 110.097 559.870
201806 467.070 111.085 578.958
201809 0.000 111.135 0.000
201812 489.852 112.430 599.933
201903 491.817 112.829 600.211
201906 502.325 114.730 602.874
201909 505.972 114.905 606.329
201912 502.501 115.486 599.139
202003 496.414 116.252 587.979
202006 445.450 116.630 525.907
202009 398.516 116.397 471.438
202012 367.649 117.318 431.507
202103 346.322 117.840 404.676
202106 341.516 118.184 397.898
202109 307.659 118.262 358.216
202112 328.405 119.516 378.358
202203 318.239 120.948 362.304
202206 317.065 123.322 354.018
202209 312.471 125.298 343.387
202212 246.134 126.098 268.772
202303 225.385 126.953 244.457
202306 220.596 127.663 237.932
202309 182.407 128.151 195.992
202312 101.408 129.395 107.913
202403 90.780 130.607 95.707
202406 3.890 130.792 4.095
202409 2.239 130.361 2.365
202412 -11.729 131.432 -12.288
202503 -27.603 131.948 -28.805
202506 -42.900 133.241 -44.334
202509 -57.441 133.819 -59.105
202512 -100.573 135.271 -102.375
202603 -115.883 136.539 -116.865
202606 -136.164 137.695 -136.164

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 0.19 mean?
PT Sepatu Bata Tbk (ISX:BATA) has a Cyclically Adjusted PB Ratio of 0.19 as of Sep. 09, 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 Sepatu Bata Tbk and its competitors. This is near median its historical median of 0.19. Over the past decade, PT Sepatu Bata Tbk's Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.36. According to the industry distribution chart, PT Sepatu Bata Tbk ranks #51 out of 636 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 8%.
Is PT Sepatu Bata Tbk's Cyclically Adjusted PB Ratio too high?
PT Sepatu Bata Tbk's current Cyclically Adjusted PB Ratio of 0.19 is near median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.36. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. PT Sepatu Bata Tbk's value of 0.19 is 80% below this industry median. Based on the distribution chart, PT Sepatu Bata Tbk ranks #51 out of 636 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, PT Sepatu Bata Tbk has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does PT Sepatu Bata Tbk's Cyclically Adjusted PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Sepatu Bata Tbk ranks #51 out of 636 companies for Cyclically Adjusted PB Ratio. This places PT Sepatu Bata Tbk in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.95. PT Sepatu Bata Tbk's value of 0.19 is 80% below this benchmark. Historically, PT Sepatu Bata Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 1.36 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.95, PT Sepatu Bata 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 636 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 Sepatu Bata Tbk's current Cyclically Adjusted PB Ratio of 0.19 is 80% 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 Sepatu Bata Tbk and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Sepatu Bata Tbk's current Cyclically Adjusted PB Ratio is 0.19, which is near median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Sepatu Bata Tbk stock overvalued right now?
PT Sepatu Bata Tbk (ISX:BATA) has a current Cyclically Adjusted PB Ratio of 0.19. The stock's GF Value™ is Rp43.62, compared to a current price of Rp59.00 — trading 35.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is near median its 10-year median of 0.19 and 80% below the Manufacturing - Apparel & Accessories industry median of 0.95. PT Sepatu Bata Tbk's overall GF Score™ is 47/100 with 7 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 Sepatu Bata Tbk (ISX:BATA), the current Cyclically Adjusted PB Ratio is 0.19 as of Sep. 09, 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 Sepatu Bata Tbk (ISX:BATA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Sepatu Bata Tbk stock appears to be overvalued. The current stock price of Rp59.00 is trading 35.3% above its estimated GF Value™ of Rp43.62.

Key valuation signals for ISX:BATA:

  • Cyclically Adjusted PB Ratio: 0.19 (near median its 10-year median of 0.19)
  • GF Value™: Rp43.62 vs. price of Rp59.00 (35.3% above fair value)
  • GF Score™: 47/100 with 7 warning signs
  • Industry Position: 80% below the Manufacturing - Apparel & Accessories median (#51 of 636)

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


PT Sepatu Bata Tbk Business Description

Address Gedung Ventura Lantai 7 Unit 701, Jalan RA. Kartini Kav. 26, RT.12/RW.6, Cilandak Barat, Kecamatan Cilandak, Kota Jakarta Selatan, Jakarta, IDN, 12430
PT Sepatu Bata Tbk is engaged in the footwear manufacturing and retail industry. It presents a range of footwear comprising leather shoes, sandals, built-up canvas shoes, casual shoes, sports shoes, industrial safety footwear, and injection-molded shoes. The products are marketed by the company under various brand names, such as Bata, which is its main brand; North Star; Power; Bubblegummers; Marie Claire; Pata Pata, and Weinbrenne. Its segment comprises Retail, E-commerce, Industrial, export-related parties, and Others.
47GF Score

Get the complete analysis for ISX:BATA

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

Rp59.00
Price
Rp43.62
GF Value