PT Berlian Laju Tanker Tbk (ISX:BLTA) Cyclically Adjusted PB Ratio: 1.12 (As of Aug. 14, 2026) — 20% Below 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:BLTA PT Berlian Laju Tanker Tbk ISX:BLTA
77 GF Score
Price Rp33.00
GF Value Rp34.17
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is PT Berlian Laju Tanker Tbk Cyclically Adjusted PB Ratio?

PT Berlian Laju Tanker Tbk ISX:BLTA 77 Cyclically Adjusted PB Ratio is 1.12 as of Aug. 14, 2026, which is 20% below its 10-year median of 1.40. GuruFocus rates ISX:BLTA with a GF Score™ of 77/100 and a GF Value™ of Rp34.17 (Fairly Valued). The stock has 4 warning signs investors should review. Among 727 Transportation companies, PT Berlian Laju Tanker Tbk ranks better than 56.12% on this metric.

As of today (2026-08-14), PT Berlian Laju Tanker Tbk's current share price is Rp33.00. PT Berlian Laju Tanker Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp29.56. PT Berlian Laju Tanker Tbk's Cyclically Adjusted PB Ratio for today is 1.12.

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

ISX:BLTA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.4   Max: 2.18
Current: 1.12

During the past years, PT Berlian Laju Tanker Tbk's highest Cyclically Adjusted PB Ratio was 2.18. The lowest was 0.99. And the median was 1.40.

ISX:BLTA's Cyclically Adjusted PB Ratio is ranked better than
56.12% of 727 companies
in the Transportation industry
Industry Median: 1.29 vs ISX:BLTA: 1.12

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 Berlian Laju Tanker Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp47.443. 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 Rp29.56 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Berlian Laju Tanker Tbk  (ISX:BLTA) 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 Berlian Laju Tanker Tbk Cyclically Adjusted PB Ratio Related Terms


PT Berlian Laju Tanker Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Berlian Laju Tanker 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 Berlian Laju Tanker Tbk Cyclically Adjusted PB Ratio Chart

PT Berlian Laju Tanker 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 0.00 0.00 0.00 1.50

PT Berlian Laju Tanker 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 0.00 1.29 1.50 1.50 1.05

PT Berlian Laju Tanker Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, PT Berlian Laju Tanker 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 Berlian Laju Tanker Tbk Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, PT Berlian Laju Tanker Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Berlian Laju Tanker Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BLTA
77GF Score
PT Berlian Laju Tanker Tbk ISX:BLTA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Berlian Laju Tanker 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 Berlian Laju Tanker Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.00/29.56
=1.12

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

For example, PT Berlian Laju Tanker 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)
=47.443/137.6954*137.6954
=47.443

Current CPI (Jun. 2026) = 137.6954.

PT Berlian Laju Tanker Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 18.957 104.142 25.065
201612 22.722 105.222 29.734
201703 28.122 106.476 36.368
201706 28.328 107.722 36.210
201709 28.984 108.020 36.946
201712 18.554 109.017 23.435
201803 18.780 110.097 23.488
201806 20.039 111.085 24.839
201809 19.184 111.135 23.769
201812 17.904 112.430 21.927
201903 17.911 112.829 21.859
201906 18.046 114.730 21.658
201909 16.048 114.905 19.231
201912 16.579 115.486 19.767
202003 18.329 116.252 21.710
202006 18.122 116.630 21.395
202009 18.090 116.397 21.400
202012 15.270 117.318 17.922
202103 16.252 117.840 18.990
202106 17.174 118.184 20.009
202109 17.841 118.262 20.773
202112 18.076 119.516 20.825
202203 18.692 120.948 21.280
202206 19.461 123.322 21.729
202209 21.777 125.298 23.932
202212 26.490 126.098 28.926
202303 28.665 126.953 31.091
202306 30.399 127.663 32.788
202309 34.214 128.151 36.762
202312 34.290 129.395 36.490
202403 33.476 130.607 35.293
202406 36.750 130.792 38.690
202409 36.377 130.361 38.424
202412 40.289 131.432 42.209
202503 40.968 131.948 42.752
202506 42.195 133.241 43.606
202509 43.073 133.819 44.321
202512 43.615 135.271 44.397
202603 44.548 136.539 44.925
202606 47.443 137.695 47.443

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 1.12 mean?
PT Berlian Laju Tanker Tbk (ISX:BLTA) has a Cyclically Adjusted PB Ratio of 1.12 as of Aug. 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 Berlian Laju Tanker Tbk and its competitors. This is 20% below median its historical median of 1.40. Over the past decade, PT Berlian Laju Tanker Tbk's Cyclically Adjusted PB Ratio has ranged from 0.99 to 2.18. According to the industry distribution chart, PT Berlian Laju Tanker Tbk ranks #319 out of 727 companies in the Transportation industry, placing it in the top 43.9%.
Is PT Berlian Laju Tanker Tbk's Cyclically Adjusted PB Ratio too high?
PT Berlian Laju Tanker Tbk's current Cyclically Adjusted PB Ratio of 1.12 is 20% below median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 2.18. The Transportation industry median Cyclically Adjusted PB Ratio is 1.29. PT Berlian Laju Tanker Tbk's value of 1.12 is 13.2% below this industry median. Based on the distribution chart, PT Berlian Laju Tanker Tbk ranks #319 out of 727 companies in the Transportation industry, which is above the industry midpoint. Overall, PT Berlian Laju Tanker Tbk has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Berlian Laju Tanker Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, PT Berlian Laju Tanker Tbk ranks #319 out of 727 companies for Cyclically Adjusted PB Ratio. This puts PT Berlian Laju Tanker Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. PT Berlian Laju Tanker Tbk's value of 1.12 is 13.2% below this benchmark. Historically, PT Berlian Laju Tanker Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.99 to 2.18 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 1.29, PT Berlian Laju Tanker 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.29, based on 727 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 Berlian Laju Tanker Tbk's current Cyclically Adjusted PB Ratio of 1.12 is 13.2% 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 Berlian Laju Tanker Tbk and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Berlian Laju Tanker Tbk's current Cyclically Adjusted PB Ratio is 1.12, which is 20% below median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Berlian Laju Tanker Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Berlian Laju Tanker Tbk (ISX:BLTA) is currently considered Fairly Valued. The stock's GF Value™ is Rp34.17, compared to a current price of Rp33.00 — trading 3.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.12, which is 20% below median its 10-year median of 1.40 and 13.2% below the Transportation industry median of 1.29. PT Berlian Laju Tanker Tbk's overall GF Score™ is 77/100 with 4 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 Berlian Laju Tanker Tbk (ISX:BLTA), the current Cyclically Adjusted PB Ratio is 1.12 as of Aug. 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 Berlian Laju Tanker Tbk (ISX:BLTA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Berlian Laju Tanker Tbk stock appears to be undervalued. The current stock price of Rp33.00 is trading 3.4% below its estimated GF Value™ of Rp34.17. GuruFocus considers PT Berlian Laju Tanker Tbk to be Fairly Valued.

Key valuation signals for ISX:BLTA:

  • Cyclically Adjusted PB Ratio: 1.12 (20% below median its 10-year median of 1.40)
  • GF Value™: Rp34.17 vs. price of Rp33.00 (3.4% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 13.2% below the Transportation median (#319 of 727)

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


PT Berlian Laju Tanker Tbk Business Description

Address Jalan Abdul Muis No. 40, 10th Floor, Gambir Wisma BSG, Jakarta Pusat, IDN, 10160
PT Berlian Laju Tanker Tbk is a company that is involved in the business of maritime transportation of liquid and gas bulk cargo. The company's business activity is to provide the service of chartering out of cargo space in its vessels to third parties to transport liquid cargo. The company has three reportable segments: the chemical tankers segment, which is the key revenue driver, provides maritime transportation of liquid chemical and vegetable oil and animal fats; the gas tankers segment provides maritime transportation of liquefied gas such as LPG, propylene, propane, and LNG and the others segments include manning and ship management. The company operates in two geographical areas, namely Malaysia and Indonesia.
77GF Score

Get the complete analysis for ISX:BLTA

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

Rp33.00
Price
Rp34.17
GF Value