PT Bayan Resources Tbk (ISX:BYAN) Cyclically Adjusted PB Ratio: 24.00 (As of Aug. 20, 2026) — 16% Below Median

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ISX:BYAN PT Bayan Resources Tbk ISX:BYAN
72 GF Score
Price Rp16,175.00
GF Value Rp19,325.87
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Bayan Resources Tbk Cyclically Adjusted PB Ratio?

PT Bayan Resources Tbk ISX:BYAN +3.35% 72 Cyclically Adjusted PB Ratio is 24.00 as of Aug. 20, 2026, which is 16% below its 10-year median of 28.50. GuruFocus rates ISX:BYAN with a GF Score™ of 72/100 and a GF Value™ of Rp19,325.87 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 132 Other Energy Sources companies, PT Bayan Resources Tbk ranks worse than 100% on this metric.

As of today (2026-08-20), PT Bayan Resources Tbk's current share price is Rp16175.00. PT Bayan Resources Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp673.96. PT Bayan Resources Tbk's Cyclically Adjusted PB Ratio for today is 24.00.

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

ISX:BYAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.89   Med: 28.5   Max: 76.52
Current: 21.37

During the past years, PT Bayan Resources Tbk's highest Cyclically Adjusted PB Ratio was 76.52. The lowest was 6.89. And the median was 28.50.

ISX:BYAN's Cyclically Adjusted PB Ratio is ranked worse than
100% of 132 companies
in the Other Energy Sources industry
Industry Median: 1.165 vs ISX:BYAN: 21.37

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 Bayan Resources Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp1,333.957. 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 Rp673.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bayan Resources Tbk  (ISX:BYAN) 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 Bayan Resources Tbk Cyclically Adjusted PB Ratio Related Terms


PT Bayan Resources Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Bayan Resources 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 Bayan Resources Tbk Cyclically Adjusted PB Ratio Chart

PT Bayan Resources 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 12.81 71.22 52.98 43.05 26.32

PT Bayan Resources 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 37.36 32.72 26.32 18.12 16.95

PT Bayan Resources Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, PT Bayan Resources 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 Bayan Resources Tbk Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Bayan Resources Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bayan Resources Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BYAN
72GF Score
PT Bayan Resources Tbk ISX:BYAN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bayan Resources 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 Bayan Resources Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16175.00/673.96
=24.00

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

For example, PT Bayan Resources 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)
=1333.957/137.6954*137.6954
=1,333.957

Current CPI (Jun. 2026) = 137.6954.

PT Bayan Resources Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.933 104.142 38.255
201612 45.124 105.222 59.050
201703 65.856 106.476 85.165
201706 92.790 107.722 118.609
201709 130.840 108.020 166.784
201712 176.271 109.017 222.642
201803 228.952 110.097 286.345
201806 233.573 111.085 289.526
201809 299.407 111.135 370.965
201812 282.301 112.430 345.740
201903 321.752 112.829 392.665
201906 234.405 114.730 281.325
201909 245.074 114.905 293.683
201912 250.404 115.486 298.560
202003 246.198 116.252 291.610
202006 255.178 116.630 301.268
202009 255.744 116.397 302.541
202012 353.523 117.318 414.927
202103 443.994 117.840 518.805
202106 393.130 118.184 458.034
202109 528.723 118.262 615.607
202112 773.838 119.516 891.545
202203 952.464 120.948 1,084.348
202206 769.736 123.322 859.447
202209 1,050.628 125.298 1,154.577
202212 887.500 126.098 969.127
202303 1,082.650 126.953 1,174.265
202306 839.886 127.663 905.889
202309 950.594 128.151 1,021.389
202312 875.681 129.395 931.856
202403 985.572 130.607 1,039.062
202406 958.865 130.792 1,009.478
202409 1,013.586 130.361 1,070.613
202412 1,060.348 131.432 1,110.883
202503 1,196.546 131.948 1,248.661
202506 1,053.659 133.241 1,088.887
202509 1,152.003 133.819 1,185.374
202512 1,288.938 135.271 1,312.038
202603 1,402.932 136.539 1,414.817
202606 1,333.957 137.695 1,333.957

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 24.00 mean?
PT Bayan Resources Tbk (ISX:BYAN) has a Cyclically Adjusted PB Ratio of 24.00 as of Aug. 20, 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 Bayan Resources Tbk and its competitors. This is 16% below median its historical median of 28.50. Over the past decade, PT Bayan Resources Tbk's Cyclically Adjusted PB Ratio has ranged from 6.89 to 76.52. According to the industry distribution chart, PT Bayan Resources Tbk ranks #132 out of 132 companies in the Other Energy Sources industry.
Is PT Bayan Resources Tbk's Cyclically Adjusted PB Ratio too high?
PT Bayan Resources Tbk's current Cyclically Adjusted PB Ratio of 24.00 is 16% below median its 10-year median of 28.50. Over the past 10 years, this metric has ranged from a low of 6.89 to a high of 76.52. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.17. PT Bayan Resources Tbk's value of 24.00 is 1960.1% above this industry median. Based on the distribution chart, PT Bayan Resources Tbk ranks #132 out of 132 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, PT Bayan Resources Tbk has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bayan Resources Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Bayan Resources Tbk ranks #132 out of 132 companies for Cyclically Adjusted PB Ratio. This places PT Bayan Resources Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. PT Bayan Resources Tbk's value of 24.00 is 1960.1% above this benchmark. Historically, PT Bayan Resources Tbk's own Cyclically Adjusted PB Ratio has ranged from 6.89 to 76.52 over the past decade. While the company's 10-year median is 28.50 vs. the industry median of 1.17, PT Bayan Resources Tbk has consistently been above 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 an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.17, based on 132 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 Bayan Resources Tbk's current Cyclically Adjusted PB Ratio of 24.00 is 1960.1% above 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 Bayan Resources Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bayan Resources Tbk's current Cyclically Adjusted PB Ratio is 24.00, which is 16% below median its own 10-year median of 28.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bayan Resources Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bayan Resources Tbk (ISX:BYAN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp19,325.87, compared to a current price of Rp16,175.00 — trading 16.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 24.00, which is 16% below median its 10-year median of 28.50 and 1960.1% above the Other Energy Sources industry median of 1.17. PT Bayan Resources Tbk's overall GF Score™ is 72/100 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 Bayan Resources Tbk (ISX:BYAN), the current Cyclically Adjusted PB Ratio is 24.00 as of Aug. 20, 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 Bayan Resources Tbk (ISX:BYAN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bayan Resources Tbk stock appears to be undervalued. The current stock price of Rp16,175.00 is trading 16.3% below its estimated GF Value™ of Rp19,325.87. GuruFocus considers PT Bayan Resources Tbk to be Modestly Undervalued.

Key valuation signals for ISX:BYAN:

  • Cyclically Adjusted PB Ratio: 24.00 (16% below median its 10-year median of 28.50)
  • GF Value™: Rp19,325.87 vs. price of Rp16,175.00 (16.3% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 1960.1% above the Other Energy Sources median (#132 of 132)

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


PT Bayan Resources Tbk Business Description

Other Exchanges BNB:Germany
Address Jalan Senopati No. 8B, Senayan, Office 8 Building, 37th Floor, Unit A-H, Kebayoran Baru, South Jakarta, Jakarta, IDN, 12190
PT Bayan Resources Tbk is an Indonesian holding company. Through its subsidiaries, it operates as a coal producer. The company integrates coal mining, processing, and logistics operations. The segments of the company include Coal and Non-coal. The company's majority of revenue is generated by the sale of the coal segment. Geographically, the company derives a majority of its revenue from East Asia (China, Japan, Korea and Taiwan), and also has a presence in South East Asia, Domestic, South Asia, and Europe.
72GF Score

Get the complete analysis for ISX:BYAN

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

Rp16,175.00
Price
Rp19,325.87
GF Value