PT Essa Industries Indonesia Tbk (ISX:ESSA) Cyclically Adjusted PB Ratio: 2.22 (As of Jul. 23, 2026) — 26% Below Median

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ISX:ESSA PT Essa Industries Indonesia Tbk ISX:ESSA
88 GF Score
Price Rp620.00
GF Value Rp861.91
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Essa Industries Indonesia Tbk Cyclically Adjusted PB Ratio?

PT Essa Industries Indonesia Tbk ISX:ESSA +1.64% 88 Cyclically Adjusted PB Ratio is 2.22 as of Jul. 23, 2026, which is 26% below its 10-year median of 2.99. GuruFocus rates ISX:ESSA with a GF Score™ of 88/100 and a GF Value™ of Rp861.91 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,273 Chemicals companies, PT Essa Industries Indonesia Tbk ranks worse than 59.47% on this metric.

As of today (2026-07-23), PT Essa Industries Indonesia Tbk's current share price is Rp620.00. PT Essa Industries Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp278.95. PT Essa Industries Indonesia Tbk's Cyclically Adjusted PB Ratio for today is 2.22.

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

ISX:ESSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 2.99   Max: 10.03
Current: 2.13

During the past years, PT Essa Industries Indonesia Tbk's highest Cyclically Adjusted PB Ratio was 10.03. The lowest was 1.04. And the median was 2.99.

ISX:ESSA's Cyclically Adjusted PB Ratio is ranked worse than
59.47% of 1273 companies
in the Chemicals industry
Industry Median: 1.65 vs ISX:ESSA: 2.13

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 Essa Industries Indonesia Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp457.318. 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 Rp278.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Essa Industries Indonesia Tbk  (ISX:ESSA) 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 Essa Industries Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Essa Industries Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Essa Industries Indonesia 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 Essa Industries Indonesia Tbk Cyclically Adjusted PB Ratio Chart

PT Essa Industries Indonesia 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 3.65 5.20 2.54 3.43 2.24

PT Essa Industries Indonesia 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 2.46 2.30 2.69 2.24 2.55

ISX:ESSA vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, PT Essa Industries Indonesia 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 Essa Industries Indonesia Tbk Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, PT Essa Industries Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Essa Industries Indonesia Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:ESSA
88GF Score
PT Essa Industries Indonesia Tbk ISX:ESSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Essa Industries Indonesia 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 Essa Industries Indonesia Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=620.00/278.95
=2.22

* 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 Essa Industries Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Essa Industries Indonesia 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)
=457.318/136.5387*136.5387
=457.318

Current CPI (Mar. 2026) = 136.5387.

PT Essa Industries Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 153.020 103.212 202.429
201609 142.787 104.142 187.205
201612 124.915 105.222 162.093
201703 126.586 106.476 162.327
201706 127.053 107.722 161.042
201709 125.014 108.020 158.019
201712 128.245 109.017 160.621
201803 150.811 110.097 187.032
201806 156.413 111.085 192.254
201809 175.847 111.135 216.044
201812 190.921 112.430 231.861
201903 198.668 112.829 240.417
201906 196.496 114.730 233.847
201909 194.392 114.905 230.992
201912 183.700 115.486 217.188
202003 198.808 116.252 233.501
202006 177.330 116.630 207.601
202009 176.921 116.397 207.537
202012 177.727 117.318 206.845
202103 186.359 117.840 215.931
202106 170.893 118.184 197.434
202109 186.636 118.262 215.480
202112 195.308 119.516 223.126
202203 222.571 120.948 251.261
202206 262.319 123.322 290.431
202209 304.707 125.298 332.042
202212 351.353 126.098 380.445
202303 408.888 126.953 439.763
202306 354.781 127.663 379.447
202309 368.609 128.151 392.734
202312 341.580 129.395 360.439
202403 354.403 130.607 370.499
202406 372.366 130.792 388.728
202409 360.686 130.361 377.779
202412 387.793 131.432 402.862
202503 405.862 131.948 419.981
202506 398.536 133.241 408.401
202509 409.590 133.819 417.914
202512 433.126 135.271 437.185
202603 457.318 136.539 457.318

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 2.22 mean?
PT Essa Industries Indonesia Tbk (ISX:ESSA) has a Cyclically Adjusted PB Ratio of 2.22 as of Jul. 23, 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 Essa Industries Indonesia Tbk and its competitors. This is 26% below median its historical median of 2.99. Over the past decade, PT Essa Industries Indonesia Tbk's Cyclically Adjusted PB Ratio has ranged from 1.04 to 10.03. According to the industry distribution chart, PT Essa Industries Indonesia Tbk ranks #757 out of 1273 companies in the Chemicals industry, placing it in the top 59.5%.
Is PT Essa Industries Indonesia Tbk's Cyclically Adjusted PB Ratio too high?
PT Essa Industries Indonesia Tbk's current Cyclically Adjusted PB Ratio of 2.22 is 26% below median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 10.03. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.65. PT Essa Industries Indonesia Tbk's value of 2.22 is 34.5% above this industry median. Based on the distribution chart, PT Essa Industries Indonesia Tbk ranks #757 out of 1273 companies in the Chemicals industry, which is below the industry midpoint. Overall, PT Essa Industries Indonesia Tbk has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Essa Industries Indonesia Tbk's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, PT Essa Industries Indonesia Tbk ranks #757 out of 1273 companies for Cyclically Adjusted PB Ratio. This places PT Essa Industries Indonesia Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. PT Essa Industries Indonesia Tbk's value of 2.22 is 34.5% above this benchmark. Historically, PT Essa Industries Indonesia Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.04 to 10.03 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 1.65, PT Essa Industries Indonesia 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.65, based on 1,273 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 Essa Industries Indonesia Tbk's current Cyclically Adjusted PB Ratio of 2.22 is 34.5% 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 Essa Industries Indonesia Tbk and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Essa Industries Indonesia Tbk's current Cyclically Adjusted PB Ratio is 2.22, which is 26% below median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Essa Industries Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Essa Industries Indonesia Tbk (ISX:ESSA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp861.91, compared to a current price of Rp620.00 — trading 28.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.22, which is 26% below median its 10-year median of 2.99 and 34.5% above the Chemicals industry median of 1.65. PT Essa Industries Indonesia Tbk's overall GF Score™ is 88/100 with 2 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 Essa Industries Indonesia Tbk (ISX:ESSA), the current Cyclically Adjusted PB Ratio is 2.22 as of Jul. 23, 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 Essa Industries Indonesia Tbk (ISX:ESSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Essa Industries Indonesia Tbk stock appears to be undervalued. The current stock price of Rp620.00 is trading 28.1% below its estimated GF Value™ of Rp861.91. GuruFocus considers PT Essa Industries Indonesia Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ESSA:

  • Cyclically Adjusted PB Ratio: 2.22 (26% below median its 10-year median of 2.99)
  • GF Value™: Rp861.91 vs. price of Rp620.00 (28.1% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 34.5% above the Chemicals median (#757 of 1273)

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


PT Essa Industries Indonesia Tbk Business Description

Address Jalan Prof. Dr. Satrio, Kav. 3-5, DBS Bank Tower, 18th Floor, Ciputra World 1 Jakarta, Jakarta, IDN, 12940
PT Essa Industries Indonesia Tbk owns and operates privately owned domestic liquefied petroleum gas (LPG) refinery in Indonesia. Its main business is the refining and processing of natural gas to produce LPG (mixture of Propane and Butane), condensate, methanol, carbonation and gasification of coal, or other hydrocarbon materials. The principal products of the company include LPG, Condensate and Ammonia. It is also engaged in other activities such as crude oil mining, Wholesale trade in gas, liquid and solid fuels and similar products, Gas distribution and supporting service activities related to oil and gas mining carried out on a fee or contract basis. The company's segments are; LPG refinery, Ammonia which generates key revenue, and others.
88GF Score

Get the complete analysis for ISX:ESSA

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

Rp620.00
Price
Rp861.91
GF Value