PT Indoritel Makmur Internasional Tbk (ISX:DNET) Cyclically Adjusted PB Ratio: 11.27 (As of Aug. 14, 2026) — 82% Above Median

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ISX:DNET PT Indoritel Makmur Internasional Tbk ISX:DNET
85 GF Score
Price Rp9,875.00
GF Value Rp10,107.93
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is PT Indoritel Makmur Internasional Tbk Cyclically Adjusted PB Ratio?

PT Indoritel Makmur Internasional Tbk ISX:DNET +2.07% 85 Cyclically Adjusted PB Ratio is 11.27 as of Aug. 14, 2026, which is 82% above its 10-year median of 6.18. GuruFocus rates ISX:DNET with a GF Score™ of 85/100 and a GF Value™ of Rp10,107.93 (Fairly Valued). The stock has 4 warning signs investors should review. Among 290 Telecommunication Services companies, PT Indoritel Makmur Internasional Tbk ranks worse than 97.24% on this metric.

As of today (2026-08-14), PT Indoritel Makmur Internasional Tbk's current share price is Rp9875.00. PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp876.30. PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PB Ratio for today is 11.27.

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

ISX:DNET' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.11   Med: 6.18   Max: 13.85
Current: 11.07

During the past years, PT Indoritel Makmur Internasional Tbk's highest Cyclically Adjusted PB Ratio was 13.85. The lowest was 5.11. And the median was 6.18.

ISX:DNET's Cyclically Adjusted PB Ratio is ranked worse than
97.24% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.785 vs ISX:DNET: 11.07

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 Indoritel Makmur Internasional Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp1,100.666. 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 Rp876.30 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indoritel Makmur Internasional Tbk  (ISX:DNET) 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted PB Ratio Related Terms


PT Indoritel Makmur Internasional Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted PB Ratio Chart

PT Indoritel Makmur Internasional 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 5.57 5.90 6.23 11.40 10.76

PT Indoritel Makmur Internasional 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 12.15 10.89 10.76 10.70 11.18

ISX:DNET vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:DNET
85GF Score
PT Indoritel Makmur Internasional Tbk ISX:DNET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9875.00/876.30
=11.27

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

For example, PT Indoritel Makmur Internasional 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)
=1100.666/137.6954*137.6954
=1,100.666

Current CPI (Jun. 2026) = 137.6954.

PT Indoritel Makmur Internasional Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 566.616 104.142 749.171
201612 580.519 105.222 759.678
201703 577.554 106.476 746.897
201706 581.336 107.722 743.095
201709 582.431 108.020 742.434
201712 599.876 109.017 757.682
201803 593.511 110.097 742.292
201806 603.375 111.085 747.915
201809 606.485 111.135 751.434
201812 628.420 112.430 769.640
201903 630.806 112.829 769.833
201906 641.739 114.730 770.194
201909 645.808 114.905 773.901
201912 653.954 115.486 779.718
202003 657.608 116.252 778.906
202006 656.201 116.630 774.724
202009 658.670 116.397 779.197
202012 705.093 117.318 827.563
202103 700.760 117.840 818.836
202106 716.301 118.184 834.558
202109 725.145 118.262 844.307
202112 766.634 119.516 883.245
202203 782.549 120.948 890.905
202206 805.231 123.322 899.079
202209 827.629 125.298 909.514
202212 855.777 126.098 934.486
202303 870.613 126.953 944.286
202306 887.497 127.663 957.242
202309 898.158 128.151 965.048
202312 903.956 129.395 961.945
202403 909.168 130.607 958.511
202406 935.798 130.792 985.194
202409 957.242 130.361 1,011.099
202412 984.647 131.432 1,031.574
202503 998.935 131.948 1,042.444
202506 1,023.026 133.241 1,057.230
202509 1,038.645 133.819 1,068.732
202512 1,071.683 135.271 1,090.889
202603 1,088.577 136.539 1,097.799
202606 1,100.666 137.695 1,100.666

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 11.27 mean?
PT Indoritel Makmur Internasional Tbk (ISX:DNET) has a Cyclically Adjusted PB Ratio of 11.27 as of Aug. 14, 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 Indoritel Makmur Internasional Tbk and its competitors. This is 82% above median its historical median of 6.18. Over the past decade, PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PB Ratio has ranged from 5.11 to 13.85. According to the industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #282 out of 290 companies in the Telecommunication Services industry, placing it in the top 97.2%.
Is PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PB Ratio too high?
PT Indoritel Makmur Internasional Tbk's current Cyclically Adjusted PB Ratio of 11.27 is 82% above median its 10-year median of 6.18. Over the past 10 years, this metric has ranged from a low of 5.11 to a high of 13.85. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. PT Indoritel Makmur Internasional Tbk's value of 11.27 is 531.4% above this industry median. Based on the distribution chart, PT Indoritel Makmur Internasional Tbk ranks #282 out of 290 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, PT Indoritel Makmur Internasional Tbk has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indoritel Makmur Internasional Tbk's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #282 out of 290 companies for Cyclically Adjusted PB Ratio. This places PT Indoritel Makmur Internasional Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. PT Indoritel Makmur Internasional Tbk's value of 11.27 is 531.4% above this benchmark. Historically, PT Indoritel Makmur Internasional Tbk's own Cyclically Adjusted PB Ratio has ranged from 5.11 to 13.85 over the past decade. While the company's 10-year median is 6.18 vs. the industry median of 1.79, PT Indoritel Makmur Internasional 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.79, based on 290 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 Indoritel Makmur Internasional Tbk's current Cyclically Adjusted PB Ratio of 11.27 is 531.4% 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 Indoritel Makmur Internasional Tbk and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indoritel Makmur Internasional Tbk's current Cyclically Adjusted PB Ratio is 11.27, which is 82% above median its own 10-year median of 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indoritel Makmur Internasional Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk (ISX:DNET) is currently considered Fairly Valued. The stock's GF Value™ is Rp10,107.93, compared to a current price of Rp9,875.00 — trading 2.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.27, which is 82% above median its 10-year median of 6.18 and 531.4% above the Telecommunication Services industry median of 1.79. PT Indoritel Makmur Internasional Tbk's overall GF Score™ is 85/100 with 4 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 Indoritel Makmur Internasional Tbk (ISX:DNET), the current Cyclically Adjusted PB Ratio is 11.27 as of Aug. 14, 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 Indoritel Makmur Internasional Tbk (ISX:DNET) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk stock appears to be undervalued. The current stock price of Rp9,875.00 is trading 2.3% below its estimated GF Value™ of Rp10,107.93. GuruFocus considers PT Indoritel Makmur Internasional Tbk to be Fairly Valued.

Key valuation signals for ISX:DNET:

  • Cyclically Adjusted PB Ratio: 11.27 (82% above median its 10-year median of 6.18)
  • GF Value™: Rp10,107.93 vs. price of Rp9,875.00 (2.3% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 531.4% above the Telecommunication Services median (#282 of 290)

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


PT Indoritel Makmur Internasional Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 70-71, Gedung Wisma Indocement Lantai 10, South Jakarta, Jakarta, IDN, 12910
PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers.
85GF Score

Get the complete analysis for ISX:DNET

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

Rp9,875.00
Price
Rp10,107.93
GF Value