PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) Cyclically Adjusted PB Ratio: 1.13 (As of Aug. 01, 2026) — 92% Above Median

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ISX:BIPI PT Astrindo Nusantara Infrastruktur Tbk ISX:BIPI
75 GF Score
Price Rp142.00
GF Value Rp43.10
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT Astrindo Nusantara Infrastruktur Tbk Cyclically Adjusted PB Ratio?

PT Astrindo Nusantara Infrastruktur Tbk ISX:BIPI +1.43% 75 Cyclically Adjusted PB Ratio is 1.13 as of Aug. 01, 2026, which is 92% above its 10-year median of 0.59. GuruFocus rates ISX:BIPI with a GF Score™ of 75/100 and a GF Value™ of Rp43.10 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,349 Construction companies, PT Astrindo Nusantara Infrastruktur Tbk ranks worse than 51.37% on this metric.

As of today (2026-08-01), PT Astrindo Nusantara Infrastruktur Tbk's current share price is Rp142.00. PT Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp125.42. PT Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted PB Ratio for today is 1.13.

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

ISX:BIPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.59   Max: 2.33
Current: 1.21

During the past years, PT Astrindo Nusantara Infrastruktur Tbk's highest Cyclically Adjusted PB Ratio was 2.33. The lowest was 0.01. And the median was 0.59.

ISX:BIPI's Cyclically Adjusted PB Ratio is ranked worse than
51.37% of 1349 companies
in the Construction industry
Industry Median: 1.15 vs ISX:BIPI: 1.21

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 Astrindo Nusantara Infrastruktur Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp124.099. 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 Rp125.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Astrindo Nusantara Infrastruktur Tbk  (ISX:BIPI) 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 Astrindo Nusantara Infrastruktur Tbk Cyclically Adjusted PB Ratio Related Terms


PT Astrindo Nusantara Infrastruktur Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Astrindo Nusantara Infrastruktur 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 Astrindo Nusantara Infrastruktur Tbk Cyclically Adjusted PB Ratio Chart

PT Astrindo Nusantara Infrastruktur 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 0.36 1.11 0.75 0.66 0.68

PT Astrindo Nusantara Infrastruktur 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 0.61 0.61 0.80 0.68 1.44

PT Astrindo Nusantara Infrastruktur Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Infrastructure Operations subindustry, PT Astrindo Nusantara Infrastruktur 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 Astrindo Nusantara Infrastruktur Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BIPI
75GF Score
PT Astrindo Nusantara Infrastruktur Tbk ISX:BIPI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Astrindo Nusantara Infrastruktur 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 Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=142.00/125.42
=1.13

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

For example, PT Astrindo Nusantara Infrastruktur 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)
=124.099/136.5387*136.5387
=124.099

Current CPI (Mar. 2026) = 136.5387.

PT Astrindo Nusantara Infrastruktur Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 152.415 103.212 201.629
201609 152.083 104.142 199.393
201612 51.191 105.222 66.427
201703 111.901 106.476 143.496
201706 116.460 107.722 147.615
201709 119.256 108.020 150.741
201712 72.209 109.017 90.438
201803 123.080 110.097 152.640
201806 126.847 111.085 155.913
201809 136.739 111.135 167.996
201812 84.276 112.430 102.348
201903 90.121 112.829 109.059
201906 91.784 114.730 109.231
201909 92.716 114.905 110.172
201912 89.965 115.486 106.365
202003 99.140 116.252 116.440
202006 95.506 116.630 111.809
202009 101.131 116.397 118.631
202012 95.859 117.318 111.564
202103 99.141 117.840 114.873
202106 99.496 118.184 114.948
202109 100.498 118.262 116.030
202112 110.361 119.516 126.080
202203 101.809 120.948 114.932
202206 112.517 123.322 124.575
202209 106.225 125.298 115.754
202212 107.115 126.098 115.984
202303 115.316 126.953 124.024
202306 118.771 127.663 127.029
202309 123.293 128.151 131.362
202312 111.071 129.395 117.203
202403 115.483 130.607 120.728
202406 121.249 130.792 126.577
202409 114.349 130.361 119.768
202412 116.824 131.432 121.364
202503 121.213 131.948 125.430
202506 116.221 133.241 119.098
202509 119.096 133.819 121.516
202512 122.287 135.271 123.433
202603 124.099 136.539 124.099

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 1.13 mean?
PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) has a Cyclically Adjusted PB Ratio of 1.13 as of Aug. 01, 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 Astrindo Nusantara Infrastruktur Tbk and its competitors. This is 92% above median its historical median of 0.59. Over the past decade, PT Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted PB Ratio has ranged from 0.01 to 2.33. According to the industry distribution chart, PT Astrindo Nusantara Infrastruktur Tbk ranks #693 out of 1349 companies in the Construction industry, placing it in the top 51.4%.
Is PT Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted PB Ratio too high?
PT Astrindo Nusantara Infrastruktur Tbk's current Cyclically Adjusted PB Ratio of 1.13 is 92% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 2.33. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. PT Astrindo Nusantara Infrastruktur Tbk's value of 1.13 is 1.7% below this industry median. Based on the distribution chart, PT Astrindo Nusantara Infrastruktur Tbk ranks #693 out of 1349 companies in the Construction industry, which is below the industry midpoint. Overall, PT Astrindo Nusantara Infrastruktur Tbk has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Astrindo Nusantara Infrastruktur Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Construction industry distribution chart, PT Astrindo Nusantara Infrastruktur Tbk ranks #693 out of 1349 companies for Cyclically Adjusted PB Ratio. This places PT Astrindo Nusantara Infrastruktur Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. PT Astrindo Nusantara Infrastruktur Tbk's value of 1.13 is 1.7% below this benchmark. Historically, PT Astrindo Nusantara Infrastruktur Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 2.33 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.15, PT Astrindo Nusantara Infrastruktur 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.15, based on 1,349 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 Astrindo Nusantara Infrastruktur Tbk's current Cyclically Adjusted PB Ratio of 1.13 is 1.7% 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 Astrindo Nusantara Infrastruktur Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Astrindo Nusantara Infrastruktur Tbk's current Cyclically Adjusted PB Ratio is 1.13, which is 92% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Astrindo Nusantara Infrastruktur Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp43.10, compared to a current price of Rp142.00 — trading 229.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.13, which is 92% above median its 10-year median of 0.59 and 1.7% below the Construction industry median of 1.15. PT Astrindo Nusantara Infrastruktur Tbk's overall GF Score™ is 75/100 with 6 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 Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI), the current Cyclically Adjusted PB Ratio is 1.13 as of Aug. 01, 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 Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Astrindo Nusantara Infrastruktur Tbk stock appears to be overvalued. The current stock price of Rp142.00 is trading 229.5% above its estimated GF Value™ of Rp43.10. GuruFocus considers PT Astrindo Nusantara Infrastruktur Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BIPI:

  • Cyclically Adjusted PB Ratio: 1.13 (92% above median its 10-year median of 0.59)
  • GF Value™: Rp43.10 vs. price of Rp142.00 (229.5% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 1.7% below the Construction median (#693 of 1349)

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


PT Astrindo Nusantara Infrastruktur Tbk Business Description

Address Jalan Mega Kuningan Barat III Lot. 10.1-6, Sopo Del Office Tower B, 21st Floor, South Jakarta, Jakarta, IDN, 12950
PT Astrindo Nusantara Infrastruktur Tbk is an Indonesia-based integrated infrastructure company engaged in energy and natural resources. The Company runs business activities in the development of coal network infrastructure projects, including Coal crusher, Coal Preparation Plant (CPP), and Overland Conveyor (OLC), as well as produces integrated coal distribution services. It also produces coal mining products. Its business segments are; Port services, Mining Coal Services, and Other services. It generates maximum revenue from the Mining Coal Services segment.
75GF Score

Get the complete analysis for ISX:BIPI

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

Rp142.00
Price
Rp43.10
GF Value