PT Bakrie & Brothers Tbk (ISX:BNBR) Cyclically Adjusted PB Ratio: (As of Sep. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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Charlie Tian
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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:BNBR PT Bakrie & Brothers Tbk ISX:BNBR
41 GF Score
Price Rp99.00
GF Value Rp17.74
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is PT Bakrie & Brothers Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bakrie & Brothers Tbk  (ISX:BNBR) 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 Bakrie & Brothers Tbk Cyclically Adjusted PB Ratio Related Terms


PT Bakrie & Brothers Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Bakrie & Brothers 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 Bakrie & Brothers Tbk Cyclically Adjusted PB Ratio Chart

PT Bakrie & Brothers 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 1,068.38 0.00 0.00 0.00 0.00

PT Bakrie & Brothers 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 0.00 0.00 0.00 0.00

ISX:BNBR vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, PT Bakrie & Brothers 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 Bakrie & Brothers Tbk Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Bakrie & Brothers Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bakrie & Brothers Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BNBR
41GF Score
PT Bakrie & Brothers Tbk ISX:BNBR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bakrie & Brothers 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 Bakrie & Brothers Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bakrie & Brothers 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)
=18.42/137.6954*137.6954
=18.420

Current CPI (Jun. 2026) = 137.6954.

PT Bakrie & Brothers Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 -324.661 104.142 -429.262
201612 -557.260 105.222 -729.241
201703 -521.432 106.476 -674.320
201706 -452.398 107.722 -578.279
201709 -495.672 108.020 -631.841
201712 -472.617 109.017 -596.946
201803 -562.666 110.097 -703.715
201806 -605.950 111.085 -751.107
201809 -627.268 111.135 -777.184
201812 120.517 112.430 147.600
201903 121.656 112.829 148.468
201906 121.667 114.730 146.021
201909 140.920 114.905 168.871
201912 104.804 115.486 124.959
202003 89.977 116.252 106.574
202006 97.289 116.630 114.861
202009 92.126 116.397 108.984
202012 64.658 117.318 75.889
202103 57.000 117.840 66.604
202106 55.625 118.184 64.808
202109 55.246 118.262 64.324
202112 55.769 119.516 64.252
202203 59.259 120.948 67.464
202206 57.360 123.322 64.045
202209 63.372 125.298 69.642
202212 60.702 126.098 66.285
202303 63.966 126.953 69.379
202306 86.683 127.663 93.495
202309 87.927 128.151 94.475
202312 11.727 129.395 12.479
202403 11.988 130.607 12.639
202406 16.467 130.792 17.336
202409 19.709 130.361 20.818
202412 16.160 131.432 16.930
202503 15.489 131.948 16.164
202506 16.935 133.241 17.501
202509 16.725 133.819 17.209
202512 19.131 135.271 19.474
202603 19.205 136.539 19.368
202606 18.420 137.695 18.420

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 PT Bakrie & Brothers Tbk (ISX:BNBR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bakrie & Brothers Tbk stock appears to be overvalued. The current stock price of Rp99.00 is trading 458.1% above its estimated GF Value™ of Rp17.74. GuruFocus considers PT Bakrie & Brothers Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BNBR:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp17.74 vs. price of Rp99.00 (458.1% above fair value)
  • GF Score™: 41/100 with 8 warning signs

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


PT Bakrie & Brothers Tbk Business Description

Other Exchanges LFU2:Germany
Address Jalan HR Rasuna Said, Bakrie Tower, 35th - 37th Floor, Rasuna Epicentrum Complex, Jakarta, IDN, 12940
PT Bakrie & Brothers Tbk is an investment holding company. Its activities comprise general trading, construction, agriculture, mining, steel pipe manufacturing, building materials and other construction products, telecommunication systems, electronic and electrical goods, and investment including equity investment in other companies. The company's operating segment includes Infrastructure and Manufacturing, Fabrication and Construction services, Trading, Services and Investment. The company generates majority of its revenue from the Manufacturing segment.
41GF Score

Get the complete analysis for ISX:BNBR

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

Rp99.00
Price
Rp17.74
GF Value