PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 17, 2026) — 25% Below Median

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ISX:BEST PT Bekasi Fajar Industrial Estate Tbk ISX:BEST
76 GF Score
Price Rp103.00
GF Value Rp115.24
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Bekasi Fajar Industrial Estate Tbk Cyclically Adjusted PB Ratio?

PT Bekasi Fajar Industrial Estate Tbk ISX:BEST +3.00% 76 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 17, 2026, which is 25% below its 10-year median of 0.28. GuruFocus rates ISX:BEST with a GF Score™ of 76/100 and a GF Value™ of Rp115.24 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,437 Real Estate companies, PT Bekasi Fajar Industrial Estate Tbk ranks better than 83.16% on this metric.

As of today (2026-07-17), PT Bekasi Fajar Industrial Estate Tbk's current share price is Rp103.00. PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp493.73. PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio for today is 0.21.

The historical rank and industry rank for PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:BEST' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.28   Max: 0.43
Current: 0.2

During the past years, PT Bekasi Fajar Industrial Estate Tbk's highest Cyclically Adjusted PB Ratio was 0.43. The lowest was 0.17. And the median was 0.28.

ISX:BEST's Cyclically Adjusted PB Ratio is ranked better than
83.16% of 1437 companies
in the Real Estate industry
Industry Median: 0.71 vs ISX:BEST: 0.20

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 Bekasi Fajar Industrial Estate Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp462.795. 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 Rp493.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bekasi Fajar Industrial Estate Tbk  (ISX:BEST) 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 Bekasi Fajar Industrial Estate Tbk Cyclically Adjusted PB Ratio Related Terms


PT Bekasi Fajar Industrial Estate Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Bekasi Fajar Industrial Estate 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 Bekasi Fajar Industrial Estate Tbk Cyclically Adjusted PB Ratio Chart

PT Bekasi Fajar Industrial Estate 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 0.28 0.31 0.30 0.21 0.23

PT Bekasi Fajar Industrial Estate 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 0.18 0.20 0.23 0.23 0.21

PT Bekasi Fajar Industrial Estate Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, PT Bekasi Fajar Industrial Estate 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 Bekasi Fajar Industrial Estate Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BEST
76GF Score
PT Bekasi Fajar Industrial Estate Tbk ISX:BEST
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bekasi Fajar Industrial Estate 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 Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=103.00/493.73
=0.21

* 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 Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Bekasi Fajar Industrial Estate 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)
=462.795/136.5387*136.5387
=462.795

Current CPI (Mar. 2026) = 136.5387.

PT Bekasi Fajar Industrial Estate Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 336.415 103.212 445.041
201609 344.372 104.142 451.498
201612 351.200 105.222 455.726
201703 360.748 106.476 462.603
201706 366.395 107.722 464.411
201709 377.892 108.020 477.659
201712 398.601 109.017 499.230
201803 408.293 110.097 506.354
201806 402.984 111.085 495.324
201809 404.669 111.135 497.172
201812 432.403 112.430 525.125
201903 442.294 112.829 535.239
201906 435.520 114.730 518.306
201909 445.509 114.905 529.389
201912 463.167 115.486 547.601
202003 439.702 116.252 516.431
202006 459.305 116.630 537.709
202009 452.027 116.397 530.249
202012 451.553 117.318 525.532
202103 445.877 117.840 516.629
202106 444.334 118.184 513.342
202109 442.722 118.262 511.143
202112 445.051 119.516 508.439
202203 446.429 120.948 503.975
202206 458.550 123.322 507.692
202209 454.864 125.298 495.669
202212 448.641 126.098 485.789
202303 459.952 126.953 494.683
202306 461.976 127.663 494.095
202309 459.097 128.151 489.144
202312 452.699 129.395 477.693
202403 451.778 130.607 472.296
202406 453.834 130.792 473.776
202409 455.982 130.361 477.591
202412 458.751 131.432 476.577
202503 455.317 131.948 471.157
202506 452.692 133.241 463.897
202509 456.761 133.819 466.044
202512 461.835 135.271 466.163
202603 462.795 136.539 462.795

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 0.21 mean?
PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 17, 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 Bekasi Fajar Industrial Estate Tbk and its competitors. This is 25% below median its historical median of 0.28. Over the past decade, PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.43. According to the industry distribution chart, PT Bekasi Fajar Industrial Estate Tbk ranks #242 out of 1437 companies in the Real Estate industry, placing it in the top 16.8%.
Is PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio too high?
PT Bekasi Fajar Industrial Estate Tbk's current Cyclically Adjusted PB Ratio of 0.21 is 25% below median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.43. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. PT Bekasi Fajar Industrial Estate Tbk's value of 0.21 is 70.4% below this industry median. Based on the distribution chart, PT Bekasi Fajar Industrial Estate Tbk ranks #242 out of 1437 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, PT Bekasi Fajar Industrial Estate Tbk has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bekasi Fajar Industrial Estate Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Bekasi Fajar Industrial Estate Tbk ranks #242 out of 1437 companies for Cyclically Adjusted PB Ratio. This places PT Bekasi Fajar Industrial Estate Tbk in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.71. PT Bekasi Fajar Industrial Estate Tbk's value of 0.21 is 70.4% below this benchmark. Historically, PT Bekasi Fajar Industrial Estate Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.17 to 0.43 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.71, PT Bekasi Fajar Industrial Estate 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,437 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 Bekasi Fajar Industrial Estate Tbk's current Cyclically Adjusted PB Ratio of 0.21 is 70.4% 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 Bekasi Fajar Industrial Estate Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bekasi Fajar Industrial Estate Tbk's current Cyclically Adjusted PB Ratio is 0.21, which is 25% below median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bekasi Fajar Industrial Estate Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bekasi Fajar Industrial Estate Tbk (ISX:BEST) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp115.24, compared to a current price of Rp103.00 — trading 10.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 25% below median its 10-year median of 0.28 and 70.4% below the Real Estate industry median of 0.71. PT Bekasi Fajar Industrial Estate Tbk's overall GF Score™ is 76/100 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 Bekasi Fajar Industrial Estate Tbk (ISX:BEST), the current Cyclically Adjusted PB Ratio is 0.21 as of Jul. 17, 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 Bekasi Fajar Industrial Estate Tbk (ISX:BEST) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bekasi Fajar Industrial Estate Tbk stock appears to be undervalued. The current stock price of Rp103.00 is trading 10.6% below its estimated GF Value™ of Rp115.24. GuruFocus considers PT Bekasi Fajar Industrial Estate Tbk to be Modestly Undervalued.

Key valuation signals for ISX:BEST:

  • Cyclically Adjusted PB Ratio: 0.21 (25% below median its 10-year median of 0.28)
  • GF Value™: Rp115.24 vs. price of Rp103.00 (10.6% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 70.4% below the Real Estate median (#242 of 1437)

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


PT Bekasi Fajar Industrial Estate Tbk Business Description

Address Jalan Sumatera, Kawasan Industri MM2100, Cikarang Barat, West Java, Bekasi, IDN, 17520
PT Bekasi Fajar Industrial Estate Tbk is a real estate development company based in Indonesia. The business activities of the Company and its subsidiaries in general can be described Industrial Estates, Leasing of Production Facilities, Commercial Industrial Estates, and Management of Industrial Estates. The company's segment includes Industrial Estates and Others. The firm generates the majority of its revenue from the Industrial Estates segment.
76GF Score

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

Rp103.00
Price
Rp115.24
GF Value