PT Distribusi Voucher Nusantara Tbk (ISX:DIVA) Cyclically Adjusted PB Ratio: 0.21 (As of Aug. 07, 2026) — Near Median

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ISX:DIVA PT Distribusi Voucher Nusantara Tbk ISX:DIVA
76 GF Score
Price Rp138.00
GF Value Rp117.99
Valuation Modestly Overvalued
! 3 Warning Signs
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What is PT Distribusi Voucher Nusantara Tbk Cyclically Adjusted PB Ratio?

PT Distribusi Voucher Nusantara Tbk ISX:DIVA -0.72% 76 Cyclically Adjusted PB Ratio is 0.21 as of Aug. 07, 2026, which is 5% above its 10-year median of 0.20. GuruFocus rates ISX:DIVA with a GF Score™ of 76/100 and a GF Value™ of Rp117.99 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,564 Software companies, PT Distribusi Voucher Nusantara Tbk ranks better than 94.69% on this metric.

As of today (2026-08-07), PT Distribusi Voucher Nusantara Tbk's current share price is Rp138.00. PT Distribusi Voucher Nusantara Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was Rp672.14. PT Distribusi Voucher Nusantara Tbk's Cyclically Adjusted PB Ratio for today is 0.21.

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

ISX:DIVA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.2   Max: 0.27
Current: 0.17

During the past 11 years, PT Distribusi Voucher Nusantara Tbk's highest Cyclically Adjusted PB Ratio was 0.27. The lowest was 0.13. And the median was 0.20.

ISX:DIVA's Cyclically Adjusted PB Ratio is ranked better than
94.69% of 1564 companies
in the Software industry
Industry Median: 2.245 vs ISX:DIVA: 0.17

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 Distribusi Voucher Nusantara Tbk's adjusted book value per share data of for the fiscal year that ended in Dec25 was Rp452.616. 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 Rp672.14 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Distribusi Voucher Nusantara Tbk  (ISX:DIVA) 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 Distribusi Voucher Nusantara Tbk Cyclically Adjusted PB Ratio Related Terms


PT Distribusi Voucher Nusantara Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Distribusi Voucher Nusantara 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 Distribusi Voucher Nusantara Tbk Cyclically Adjusted PB Ratio Chart

PT Distribusi Voucher Nusantara 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 0.22 0.25

PT Distribusi Voucher Nusantara Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.25 0.00

ISX:DIVA vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, PT Distribusi Voucher Nusantara 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 Distribusi Voucher Nusantara Tbk Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, PT Distribusi Voucher Nusantara Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Distribusi Voucher Nusantara Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:DIVA
76GF Score
PT Distribusi Voucher Nusantara Tbk ISX:DIVA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Distribusi Voucher Nusantara 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 Distribusi Voucher Nusantara Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=138.00/672.14
=0.21

* 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 Distribusi Voucher Nusantara Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PT Distribusi Voucher Nusantara Tbk's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=452.616/135.2711*135.2711
=452.616

Current CPI (Dec25) = 135.2711.

PT Distribusi Voucher Nusantara Tbk Annual Data

Book Value per Share CPI Adj_Book
201612 8.134 105.222 10.457
201712 10.243 109.017 12.710
201812 480.710 112.430 578.371
201912 546.371 115.486 639.976
202012 598.463 117.318 690.045
202112 1,498.509 119.516 1,696.047
202212 1,486.284 126.098 1,594.409
202312 588.758 129.395 615.496
202412 419.040 131.432 431.282
202512 452.616 135.271 452.616

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 0.21 mean?
PT Distribusi Voucher Nusantara Tbk (ISX:DIVA) has a Cyclically Adjusted PB Ratio of 0.21 as of Aug. 07, 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 Distribusi Voucher Nusantara Tbk and its competitors. This is near median its historical median of 0.20. Over the past decade, PT Distribusi Voucher Nusantara Tbk's Cyclically Adjusted PB Ratio has ranged from 0.13 to 0.27. According to the industry distribution chart, PT Distribusi Voucher Nusantara Tbk ranks #83 out of 1564 companies in the Software industry, placing it in the top 5.3%.
Is PT Distribusi Voucher Nusantara Tbk's Cyclically Adjusted PB Ratio too high?
PT Distribusi Voucher Nusantara Tbk's current Cyclically Adjusted PB Ratio of 0.21 is near median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.27. The Software industry median Cyclically Adjusted PB Ratio is 2.25. PT Distribusi Voucher Nusantara Tbk's value of 0.21 is 90.6% below this industry median. Based on the distribution chart, PT Distribusi Voucher Nusantara Tbk ranks #83 out of 1564 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, PT Distribusi Voucher Nusantara Tbk has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Distribusi Voucher Nusantara Tbk's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, PT Distribusi Voucher Nusantara Tbk ranks #83 out of 1564 companies for Cyclically Adjusted PB Ratio. This places PT Distribusi Voucher Nusantara Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.25. PT Distribusi Voucher Nusantara Tbk's value of 0.21 is 90.6% below this benchmark. Historically, PT Distribusi Voucher Nusantara Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 0.27 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 2.25, PT Distribusi Voucher Nusantara 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.25, based on 1,564 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 Distribusi Voucher Nusantara Tbk's current Cyclically Adjusted PB Ratio of 0.21 is 90.6% 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 Distribusi Voucher Nusantara Tbk and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Distribusi Voucher Nusantara Tbk's current Cyclically Adjusted PB Ratio is 0.21, which is near median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Distribusi Voucher Nusantara Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Distribusi Voucher Nusantara Tbk (ISX:DIVA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp117.99, compared to a current price of Rp138.00 — trading 17% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is near median its 10-year median of 0.20 and 90.6% below the Software industry median of 2.25. PT Distribusi Voucher Nusantara Tbk's overall GF Score™ is 76/100 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 Distribusi Voucher Nusantara Tbk (ISX:DIVA), the current Cyclically Adjusted PB Ratio is 0.21 as of Aug. 07, 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 Distribusi Voucher Nusantara Tbk (ISX:DIVA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Distribusi Voucher Nusantara Tbk stock appears to be overvalued. The current stock price of Rp138.00 is trading 17% above its estimated GF Value™ of Rp117.99. GuruFocus considers PT Distribusi Voucher Nusantara Tbk to be Modestly Overvalued.

Key valuation signals for ISX:DIVA:

  • Cyclically Adjusted PB Ratio: 0.21 (near median its 10-year median of 0.20)
  • GF Value™: Rp117.99 vs. price of Rp138.00 (17% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 90.6% below the Software median (#83 of 1564)

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


PT Distribusi Voucher Nusantara Tbk Business Description

Address Jalan Prof. Dr. Satrio Kav. 18, Axa Tower, 7th Floor, Suite 5, Setiabudi, Kuningan, Jakarta Selatan, Jakarta, IDN, 12940
PT Distribusi Voucher Nusantara Tbk provides business-to-business and business-to-customer software solutions. The company's operating segment includes Digital Products and Services including telecommunication pulses, internet data packages, electricity tokens, e-vouchers, travel products, and digital payment services , Digital Financial Services, Tour and Travel, and Other Revenue from the Ecosystem. It generates maximum revenue from the Digital products and services segment. The company's products include Diva Intelligent IM and Diva Chat Commerce.
76GF Score

Get the complete analysis for ISX:DIVA

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

Rp138.00
Price
Rp117.99
GF Value