PT Bank CIMB Niaga Tbk (ISX:BNGA) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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ISX:BNGA PT Bank CIMB Niaga Tbk ISX:BNGA
80 GF Score
Price Rp1,755.00
GF Value Rp1,893.07
Valuation Fairly Valued
! 3 Warning Signs
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What is PT Bank CIMB Niaga Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bank CIMB Niaga Tbk  (ISX:BNGA) 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 Bank CIMB Niaga Tbk Cyclically Adjusted PB Ratio Related Terms


PT Bank CIMB Niaga Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Bank CIMB Niaga 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 Bank CIMB Niaga Tbk Cyclically Adjusted PB Ratio Chart

PT Bank CIMB Niaga 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 0.63 0.71 0.96 0.93 0.90

PT Bank CIMB Niaga 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 0.88 0.89 0.92 0.89 0.77

PT Bank CIMB Niaga Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, PT Bank CIMB Niaga 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 Bank CIMB Niaga Tbk Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, PT Bank CIMB Niaga Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank CIMB Niaga Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BNGA
80GF Score
PT Bank CIMB Niaga Tbk ISX:BNGA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bank CIMB Niaga 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 Bank CIMB Niaga Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bank CIMB Niaga 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)
=2239.582/137.6954*137.6954
=2,239.582

Current CPI (Jun. 2026) = 137.6954.

PT Bank CIMB Niaga Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 1,335.052 104.142 1,765.184
201612 1,361.139 105.222 1,781.213
201703 1,391.403 106.476 1,799.372
201706 1,421.487 107.722 1,817.021
201709 1,455.813 108.020 1,855.749
201712 1,481.762 109.017 1,871.561
201803 1,512.328 110.097 1,891.437
201806 1,509.731 111.085 1,871.392
201809 1,543.880 111.135 1,912.864
201812 1,587.453 112.430 1,944.189
201903 1,642.789 112.829 2,004.852
201906 1,665.621 114.730 1,999.023
201909 1,696.088 114.905 2,032.499
201912 1,736.637 115.486 2,070.616
202003 1,605.655 116.252 1,901.823
202006 1,593.267 116.630 1,881.042
202009 1,607.257 116.397 1,901.360
202012 1,646.888 117.318 1,932.940
202103 1,650.226 117.840 1,928.283
202106 1,660.754 118.184 1,934.935
202109 1,706.436 118.262 1,986.851
202112 1,740.427 119.516 2,005.159
202203 1,789.250 120.948 2,037.000
202206 1,729.807 123.322 1,931.413
202209 1,745.008 125.298 1,917.659
202212 1,815.908 126.098 1,982.924
202303 1,884.323 126.953 2,043.777
202306 1,850.679 127.663 1,996.116
202309 1,900.476 128.151 2,042.013
202312 1,971.568 129.395 2,098.045
202403 2,043.869 130.607 2,154.795
202406 1,978.302 130.792 2,082.726
202409 2,096.812 130.361 2,214.785
202412 2,116.175 131.432 2,217.030
202503 2,210.218 131.948 2,306.484
202506 2,139.769 133.241 2,211.311
202509 2,239.914 133.819 2,304.799
202512 2,313.285 135.271 2,354.743
202603 2,349.291 136.539 2,369.193
202606 2,239.582 137.695 2,239.582

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 Bank CIMB Niaga Tbk (ISX:BNGA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank CIMB Niaga Tbk stock appears to be undervalued. The current stock price of Rp1,755.00 is trading 7.3% below its estimated GF Value™ of Rp1,893.07. GuruFocus considers PT Bank CIMB Niaga Tbk to be Fairly Valued.

Key valuation signals for ISX:BNGA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp1,893.07 vs. price of Rp1,755.00 (7.3% below fair value)
  • GF Score™: 80/100 with 3 warning signs

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


PT Bank CIMB Niaga Tbk Business Description

Other Exchanges NKX:Germany
Address Jalan Jenderal Sudirman Kav. 58, Jakarta, IDN, 12190
PT Bank CIMB Niaga Tbk operates in the commercial banking sector. Its principal activities include accepting funds from the public in the form of deposits, namely current accounts, time deposits, certificates of deposits, and saving accounts; providing loans, safe deposit boxes, and online banking facilities; performing custodian and treasury activities; offering credit cards, factoring, and trust services; and others. The company's reportable segments are Corporate, Business, Retail, Treasury, Sharia, Others, and Subsidiaries. Key revenue is generated from its Retail segment, which focuses on providing products and services to individual customers. It includes products such as loans, deposits, and other transactions, and balances with retail customers.
80GF Score

Get the complete analysis for ISX:BNGA

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

Rp1,755.00
Price
Rp1,893.07
GF Value