PT Cahaya Aero Services Tbk (ISX:CASS) Cyclically Adjusted PB Ratio: 4.85 (As of Aug. 17, 2026) — Near Median

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ISX:CASS PT Cahaya Aero Services Tbk ISX:CASS
86 GF Score
Price Rp1,890.00
GF Value Rp2,002.18
Valuation Fairly Valued
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What is PT Cahaya Aero Services Tbk Cyclically Adjusted PB Ratio?

PT Cahaya Aero Services Tbk ISX:CASS 86 Cyclically Adjusted PB Ratio is 4.85 as of Aug. 17, 2026, which is 2% above its 10-year median of 4.75. GuruFocus rates ISX:CASS with a GF Score™ of 86/100 and a GF Value™ of Rp2,002.18 (Fairly Valued). Among 721 Transportation companies, PT Cahaya Aero Services Tbk ranks worse than 90.29% on this metric.

As of today (2026-08-17), PT Cahaya Aero Services Tbk's current share price is Rp1890.00. PT Cahaya Aero Services Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp389.41. PT Cahaya Aero Services Tbk's Cyclically Adjusted PB Ratio for today is 4.85.

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

ISX:CASS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.49   Med: 4.75   Max: 8.44
Current: 4.85

During the past years, PT Cahaya Aero Services Tbk's highest Cyclically Adjusted PB Ratio was 8.44. The lowest was 1.49. And the median was 4.75.

ISX:CASS's Cyclically Adjusted PB Ratio is ranked worse than
90.29% of 721 companies
in the Transportation industry
Industry Median: 1.27 vs ISX:CASS: 4.85

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 Cahaya Aero Services Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp844.529. 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 Rp389.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Cahaya Aero Services Tbk  (ISX:CASS) 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 Cahaya Aero Services Tbk Cyclically Adjusted PB Ratio Related Terms


PT Cahaya Aero Services Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Cahaya Aero Services 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 Cahaya Aero Services Tbk Cyclically Adjusted PB Ratio Chart

PT Cahaya Aero Services 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 1.55 3.18 6.13 7.14

PT Cahaya Aero Services 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 5.94 7.54 7.14 4.78 4.80

ISX:CASS vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, PT Cahaya Aero Services 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 Cahaya Aero Services Tbk Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, PT Cahaya Aero Services Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Cahaya Aero Services Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:CASS
86GF Score
PT Cahaya Aero Services Tbk ISX:CASS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Cahaya Aero Services 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 Cahaya Aero Services Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1890.00/389.41
=4.85

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

For example, PT Cahaya Aero Services 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)
=844.529/137.6954*137.6954
=844.529

Current CPI (Jun. 2026) = 137.6954.

PT Cahaya Aero Services Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 285.868 104.142 377.970
201612 302.237 105.222 395.513
201703 315.203 106.476 407.623
201706 283.719 107.722 362.665
201709 291.139 108.020 371.120
201712 297.294 109.017 375.502
201803 321.923 110.097 402.622
201806 318.453 111.085 394.739
201809 339.511 111.135 420.653
201812 280.634 112.430 343.699
201903 322.592 112.829 393.690
201906 335.299 114.730 402.415
201909 352.462 114.905 422.371
201912 210.453 115.486 250.926
202003 224.662 116.252 266.102
202006 205.501 116.630 242.618
202009 197.932 116.397 234.151
202012 165.567 117.318 194.325
202103 169.532 117.840 198.098
202106 178.019 118.184 207.409
202109 187.108 118.262 217.855
202112 184.262 119.516 212.290
202203 194.020 120.948 220.885
202206 209.262 123.322 233.651
202209 226.972 125.298 249.429
202212 244.797 126.098 267.312
202303 264.371 126.953 286.742
202306 284.152 127.663 306.482
202309 313.615 128.151 336.971
202312 342.870 129.395 364.865
202403 377.389 130.607 397.871
202406 429.177 130.792 451.831
202409 469.215 130.361 495.614
202412 521.361 131.432 546.209
202503 565.651 131.948 590.288
202506 616.563 133.241 637.177
202509 693.717 133.819 713.812
202512 737.674 135.271 750.894
202603 780.778 136.539 787.392
202606 844.529 137.695 844.529

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 4.85 mean?
PT Cahaya Aero Services Tbk (ISX:CASS) has a Cyclically Adjusted PB Ratio of 4.85 as of Aug. 17, 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 Cahaya Aero Services Tbk and its competitors. This is near median its historical median of 4.75. Over the past decade, PT Cahaya Aero Services Tbk's Cyclically Adjusted PB Ratio has ranged from 1.49 to 8.44. According to the industry distribution chart, PT Cahaya Aero Services Tbk ranks #651 out of 721 companies in the Transportation industry, placing it in the top 90.3%.
Is PT Cahaya Aero Services Tbk's Cyclically Adjusted PB Ratio too high?
PT Cahaya Aero Services Tbk's current Cyclically Adjusted PB Ratio of 4.85 is near median its 10-year median of 4.75. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 8.44. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. PT Cahaya Aero Services Tbk's value of 4.85 is 281.9% above this industry median. Based on the distribution chart, PT Cahaya Aero Services Tbk ranks #651 out of 721 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Cahaya Aero Services Tbk has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Cahaya Aero Services Tbk's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, PT Cahaya Aero Services Tbk ranks #651 out of 721 companies for Cyclically Adjusted PB Ratio. This places PT Cahaya Aero Services Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. PT Cahaya Aero Services Tbk's value of 4.85 is 281.9% above this benchmark. Historically, PT Cahaya Aero Services Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.49 to 8.44 over the past decade. While the company's 10-year median is 4.75 vs. the industry median of 1.27, PT Cahaya Aero Services 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 a Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 721 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 Cahaya Aero Services Tbk's current Cyclically Adjusted PB Ratio of 4.85 is 281.9% 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 Cahaya Aero Services Tbk and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Cahaya Aero Services Tbk's current Cyclically Adjusted PB Ratio is 4.85, which is near median its own 10-year median of 4.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Cahaya Aero Services Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Cahaya Aero Services Tbk (ISX:CASS) is currently considered Fairly Valued. The stock's GF Value™ is Rp2,002.18, compared to a current price of Rp1,890.00 — trading 5.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.85, which is near median its 10-year median of 4.75 and 281.9% above the Transportation industry median of 1.27. PT Cahaya Aero Services Tbk's overall GF Score™ is 86/100. 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 Cahaya Aero Services Tbk (ISX:CASS), the current Cyclically Adjusted PB Ratio is 4.85 as of Aug. 17, 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 Cahaya Aero Services Tbk (ISX:CASS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Cahaya Aero Services Tbk stock appears to be undervalued. The current stock price of Rp1,890.00 is trading 5.6% below its estimated GF Value™ of Rp2,002.18. GuruFocus considers PT Cahaya Aero Services Tbk to be Fairly Valued.

Key valuation signals for ISX:CASS:

  • Cyclically Adjusted PB Ratio: 4.85 (near median its 10-year median of 4.75)
  • GF Value™: Rp2,002.18 vs. price of Rp1,890.00 (5.6% below fair value)
  • GF Score™: 86/100
  • Industry Position: 281.9% above the Transportation median (#651 of 721)

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


PT Cahaya Aero Services Tbk Business Description

Address Wisma Soewarna Office, Soekarno-Hatta International Airport, 3rd Floor, Manor Building, Unit GH, Soewarna Business Park, Kelurahan Pajang, Kecamatan Benda, Jalan Raya Bandara Soekarno-Hatta, Banten, Tangerang, IDN, 15126
PT Cahaya Aero Services Tbk is engaged in the provision of aviation support services, food solutions, and facility management. The group is engaged in trading, the provision of food and beverages, warehousing, transportation support services, the repair of transportation equipment, education, and other management consulting activities and in aviation support services, catering services, and aviation-related training. The activities of the company are divided into Aviation and Non-Aviation segment. The company derives the majority of its revenue from the Aviation segment.
86GF Score

Get the complete analysis for ISX:CASS

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

Rp1,890.00
Price
Rp2,002.18
GF Value