PT Dwi Guna Laksana Tbk (ISX:DWGL) Cyclically Adjusted PB Ratio: 13.24 (As of Jul. 27, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:DWGL PT Dwi Guna Laksana Tbk ISX:DWGL
87 GF Score
Price Rp230.00
GF Value Rp184.81
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is PT Dwi Guna Laksana Tbk Cyclically Adjusted PB Ratio?

PT Dwi Guna Laksana Tbk ISX:DWGL -1.71% 87 Cyclically Adjusted PB Ratio is 13.24 as of Jul. 27, 2026, which is 3% above its 10-year median of 12.89. GuruFocus rates ISX:DWGL with a GF Score™ of 87/100 and a GF Value™ of Rp184.81 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 137 Other Energy Sources companies, PT Dwi Guna Laksana Tbk ranks worse than 98.54% on this metric.

As of today (2026-07-27), PT Dwi Guna Laksana Tbk's current share price is Rp230.00. PT Dwi Guna Laksana Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp17.37. PT Dwi Guna Laksana Tbk's Cyclically Adjusted PB Ratio for today is 13.24.

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

ISX:DWGL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.54   Med: 12.89   Max: 51.61
Current: 13.24

During the past years, PT Dwi Guna Laksana Tbk's highest Cyclically Adjusted PB Ratio was 51.61. The lowest was 4.54. And the median was 12.89.

ISX:DWGL's Cyclically Adjusted PB Ratio is ranked worse than
98.54% of 137 companies
in the Other Energy Sources industry
Industry Median: 1.14 vs ISX:DWGL: 13.24

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 Dwi Guna Laksana Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp58.165. 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 Rp17.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Dwi Guna Laksana Tbk  (ISX:DWGL) 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 Dwi Guna Laksana Tbk Cyclically Adjusted PB Ratio Related Terms


PT Dwi Guna Laksana Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Dwi Guna Laksana 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 Dwi Guna Laksana Tbk Cyclically Adjusted PB Ratio Chart

PT Dwi Guna Laksana 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 11.55 17.46

PT Dwi Guna Laksana 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 10.16 11.79 36.09 17.46 14.39

PT Dwi Guna Laksana Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, PT Dwi Guna Laksana 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 Dwi Guna Laksana Tbk Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

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

* The bar in red indicates where PT Dwi Guna Laksana Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:DWGL
87GF Score
PT Dwi Guna Laksana Tbk ISX:DWGL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Dwi Guna Laksana 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 Dwi Guna Laksana Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=230.00/17.37
=13.24

* 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 Dwi Guna Laksana Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Dwi Guna Laksana Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=58.165/136.5387*136.5387
=58.165

Current CPI (Mar. 2026) = 136.5387.

PT Dwi Guna Laksana Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 60.915 103.212 80.584
201609 54.133 104.142 70.973
201612 45.428 105.222 58.949
201703 38.845 106.476 49.813
201706 44.899 107.722 56.910
201709 36.963 108.020 46.722
201712 -0.944 109.017 -1.182
201803 -43.473 110.097 -53.914
201806 -42.272 111.085 -51.958
201809 -8.099 111.135 -9.950
201812 -4.405 112.430 -5.350
201903 -5.698 112.829 -6.895
201906 -15.092 114.730 -17.961
201909 -7.608 114.905 -9.040
201912 -5.344 115.486 -6.318
202003 -3.862 116.252 -4.536
202006 -5.756 116.630 -6.739
202009 -1.735 116.397 -2.035
202012 -6.032 117.318 -7.020
202103 -3.460 117.840 -4.009
202106 -7.365 118.184 -8.509
202109 -0.650 118.262 -0.750
202112 14.788 119.516 16.894
202203 19.824 120.948 22.379
202206 18.738 123.322 20.746
202209 20.190 125.298 22.001
202212 15.314 126.098 16.582
202303 18.948 126.953 20.379
202306 20.527 127.663 21.954
202309 26.973 128.151 28.738
202312 16.905 129.395 17.838
202403 23.342 130.607 24.402
202406 20.678 130.792 21.587
202409 26.894 130.361 28.169
202412 29.727 131.432 30.882
202503 34.160 131.948 35.348
202506 39.533 133.241 40.512
202509 45.091 133.819 46.007
202512 54.041 135.271 54.547
202603 58.165 136.539 58.165

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 13.24 mean?
PT Dwi Guna Laksana Tbk (ISX:DWGL) has a Cyclically Adjusted PB Ratio of 13.24 as of Jul. 27, 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 Dwi Guna Laksana Tbk and its competitors. This is near median its historical median of 12.89. Over the past decade, PT Dwi Guna Laksana Tbk's Cyclically Adjusted PB Ratio has ranged from 4.54 to 51.61. According to the industry distribution chart, PT Dwi Guna Laksana Tbk ranks #135 out of 137 companies in the Other Energy Sources industry, placing it in the top 98.5%.
Is PT Dwi Guna Laksana Tbk's Cyclically Adjusted PB Ratio too high?
PT Dwi Guna Laksana Tbk's current Cyclically Adjusted PB Ratio of 13.24 is near median its 10-year median of 12.89. Over the past 10 years, this metric has ranged from a low of 4.54 to a high of 51.61. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.14. PT Dwi Guna Laksana Tbk's value of 13.24 is 1061.4% above this industry median. Based on the distribution chart, PT Dwi Guna Laksana Tbk ranks #135 out of 137 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, PT Dwi Guna Laksana Tbk has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Dwi Guna Laksana Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Dwi Guna Laksana Tbk ranks #135 out of 137 companies for Cyclically Adjusted PB Ratio. This places PT Dwi Guna Laksana Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. PT Dwi Guna Laksana Tbk's value of 13.24 is 1061.4% above this benchmark. Historically, PT Dwi Guna Laksana Tbk's own Cyclically Adjusted PB Ratio has ranged from 4.54 to 51.61 over the past decade. While the company's 10-year median is 12.89 vs. the industry median of 1.14, PT Dwi Guna Laksana 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 1.14, based on 137 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 Dwi Guna Laksana Tbk's current Cyclically Adjusted PB Ratio of 13.24 is 1061.4% 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 Dwi Guna Laksana Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Dwi Guna Laksana Tbk's current Cyclically Adjusted PB Ratio is 13.24, which is near median its own 10-year median of 12.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Dwi Guna Laksana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Dwi Guna Laksana Tbk (ISX:DWGL) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp184.81, compared to a current price of Rp230.00 — trading 24.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.24, which is near median its 10-year median of 12.89 and 1061.4% above the Other Energy Sources industry median of 1.14. PT Dwi Guna Laksana Tbk's overall GF Score™ is 87/100 with 1 warning sign 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 Dwi Guna Laksana Tbk (ISX:DWGL), the current Cyclically Adjusted PB Ratio is 13.24 as of Jul. 27, 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 Dwi Guna Laksana Tbk (ISX:DWGL) Overvalued in 2026?

Based on GuruFocus' analysis, PT Dwi Guna Laksana Tbk stock appears to be overvalued. The current stock price of Rp230.00 is trading 24.5% above its estimated GF Value™ of Rp184.81. GuruFocus considers PT Dwi Guna Laksana Tbk to be Modestly Overvalued.

Key valuation signals for ISX:DWGL:

  • Cyclically Adjusted PB Ratio: 13.24 (near median its 10-year median of 12.89)
  • GF Value™: Rp184.81 vs. price of Rp230.00 (24.5% above fair value)
  • GF Score™: 87/100 with 1 warning sign
  • Industry Position: 1061.4% above the Other Energy Sources median (#135 of 137)

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


PT Dwi Guna Laksana Tbk Business Description

Address Jalan General Sudirman, Kav. 21, Sinarmas MSIG Tower, 9th Floor, Karet, Setiabudi, Jakarta, IDN, 12920
PT Dwi Guna Laksana Tbk provides coal mining services in Indonesia. The company is focused on Coal mining and trading and logistics, specializing in supplying thermal coal to Perusahaan Listrik Negara (PLN) power plants. It operates around 412.8-hectare concession in South Kalimantan, supporting energy infrastructure across Indonesia, including Java, Bali, and Sulawesi.
87GF Score

Get the complete analysis for ISX:DWGL

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

Rp230.00
Price
Rp184.81
GF Value