PT FKS Multi Agro Tbk (ISX:FISH) Cyclically Adjusted PB Ratio: 1.41 (As of Jul. 25, 2026) — 38% Below Median

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ISX:FISH PT FKS Multi Agro Tbk ISX:FISH
67 GF Score
Price Rp645.00
GF Value Rp759.22
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is PT FKS Multi Agro Tbk Cyclically Adjusted PB Ratio?

PT FKS Multi Agro Tbk ISX:FISH -1.53% 67 Cyclically Adjusted PB Ratio is 1.41 as of Jul. 25, 2026, which is 38% below its 10-year median of 2.26. GuruFocus rates ISX:FISH with a GF Score™ of 67/100 and a GF Value™ of Rp759.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 233 Retail - Defensive companies, PT FKS Multi Agro Tbk ranks better than 60.52% on this metric.

As of today (2026-07-25), PT FKS Multi Agro Tbk's current share price is Rp645.00. PT FKS Multi Agro Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp457.01. PT FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio for today is 1.41.

The historical rank and industry rank for PT FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:FISH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.26   Max: 6.58
Current: 1.41

During the past years, PT FKS Multi Agro Tbk's highest Cyclically Adjusted PB Ratio was 6.58. The lowest was 1.24. And the median was 2.26.

ISX:FISH's Cyclically Adjusted PB Ratio is ranked better than
60.52% of 233 companies
in the Retail - Defensive industry
Industry Median: 1.63 vs ISX:FISH: 1.41

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 FKS Multi Agro Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp619.156. 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 Rp457.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT FKS Multi Agro Tbk  (ISX:FISH) 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 FKS Multi Agro Tbk Cyclically Adjusted PB Ratio Related Terms


PT FKS Multi Agro Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT FKS Multi Agro 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 FKS Multi Agro Tbk Cyclically Adjusted PB Ratio Chart

PT FKS Multi Agro 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 3.00 2.20 1.58 2.70 2.27

PT FKS Multi Agro 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 2.55 2.47 6.75 2.27 1.71

ISX:FISH vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, PT FKS Multi Agro 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 FKS Multi Agro Tbk Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, PT FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:FISH
67GF Score
PT FKS Multi Agro Tbk ISX:FISH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT FKS Multi Agro 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 FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=645.00/457.01
=1.41

* 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 FKS Multi Agro Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT FKS Multi Agro 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)
=619.156/136.5387*136.5387
=619.156

Current CPI (Mar. 2026) = 136.5387.

PT FKS Multi Agro Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 198.008 103.212 261.943
201609 205.282 104.142 269.140
201612 221.091 105.222 286.893
201703 230.876 106.476 296.062
201706 231.032 107.722 292.837
201709 244.272 108.020 308.762
201712 260.150 109.017 325.826
201803 274.940 110.097 340.973
201806 286.936 111.085 352.685
201809 303.492 111.135 372.867
201812 306.848 112.430 372.647
201903 312.600 112.829 378.291
201906 306.731 114.730 365.036
201909 312.249 114.905 371.039
201912 319.189 115.486 377.376
202003 357.435 116.252 419.809
202006 339.535 116.630 397.494
202009 353.004 116.397 414.090
202012 378.401 117.318 440.396
202103 402.269 117.840 466.101
202106 418.754 118.184 483.789
202109 406.623 118.262 469.465
202112 438.930 119.516 501.447
202203 466.330 120.948 526.441
202206 467.368 123.322 517.455
202209 465.135 125.298 506.861
202212 520.435 126.098 563.527
202303 539.785 126.953 580.544
202306 486.127 127.663 519.925
202309 513.901 128.151 547.535
202312 551.056 129.395 581.480
202403 584.232 130.607 610.766
202406 586.110 130.792 611.864
202409 544.193 130.361 569.982
202412 555.888 131.432 577.489
202503 580.351 131.948 600.541
202506 575.509 133.241 589.755
202509 587.716 133.819 599.661
202512 587.005 135.271 592.506
202603 619.156 136.539 619.156

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 1.41 mean?
PT FKS Multi Agro Tbk (ISX:FISH) has a Cyclically Adjusted PB Ratio of 1.41 as of Jul. 25, 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 FKS Multi Agro Tbk and its competitors. This is 38% below median its historical median of 2.26. Over the past decade, PT FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio has ranged from 1.24 to 6.58. According to the industry distribution chart, PT FKS Multi Agro Tbk ranks #92 out of 233 companies in the Retail - Defensive industry, placing it in the top 39.5%.
Is PT FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio too high?
PT FKS Multi Agro Tbk's current Cyclically Adjusted PB Ratio of 1.41 is 38% below median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 6.58. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.63. PT FKS Multi Agro Tbk's value of 1.41 is 13.5% below this industry median. Based on the distribution chart, PT FKS Multi Agro Tbk ranks #92 out of 233 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, PT FKS Multi Agro Tbk has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT FKS Multi Agro Tbk's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Retail - Defensive industry distribution chart, PT FKS Multi Agro Tbk ranks #92 out of 233 companies for Cyclically Adjusted PB Ratio. This puts PT FKS Multi Agro Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. PT FKS Multi Agro Tbk's value of 1.41 is 13.5% below this benchmark. Historically, PT FKS Multi Agro Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.24 to 6.58 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 1.63, PT FKS Multi Agro 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.63, based on 233 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 FKS Multi Agro Tbk's current Cyclically Adjusted PB Ratio of 1.41 is 13.5% 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 FKS Multi Agro Tbk and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT FKS Multi Agro Tbk's current Cyclically Adjusted PB Ratio is 1.41, which is 38% below median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT FKS Multi Agro Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT FKS Multi Agro Tbk (ISX:FISH) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp759.22, compared to a current price of Rp645.00 — trading 15% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.41, which is 38% below median its 10-year median of 2.26 and 13.5% below the Retail - Defensive industry median of 1.63. PT FKS Multi Agro Tbk's overall GF Score™ is 67/100 with 5 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 FKS Multi Agro Tbk (ISX:FISH), the current Cyclically Adjusted PB Ratio is 1.41 as of Jul. 25, 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 FKS Multi Agro Tbk (ISX:FISH) Overvalued in 2026?

Based on GuruFocus' analysis, PT FKS Multi Agro Tbk stock appears to be undervalued. The current stock price of Rp645.00 is trading 15% below its estimated GF Value™ of Rp759.22. GuruFocus considers PT FKS Multi Agro Tbk to be Modestly Undervalued.

Key valuation signals for ISX:FISH:

  • Cyclically Adjusted PB Ratio: 1.41 (38% below median its 10-year median of 2.26)
  • GF Value™: Rp759.22 vs. price of Rp645.00 (15% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 13.5% below the Retail - Defensive median (#92 of 233)

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


PT FKS Multi Agro Tbk Business Description

Address Jalan. Jend. Sudirman Kav. 5-6, Menara Astra, 28th Floor, Jakarta Pusat, Jakarta, IDN, 10220
PT FKS Multi Agro Tbk is engaged in the distribution and trading of grains, oilseeds, and feed ingredients. It supplies oilseed meals, animal protein meals, and co-products of grain milling for the animal feed industry. The company deals with food products such as rice, soybeans, and cooking oil. In addition, the company also provides a logistics solution for the importation and distribution of dry bulk commodities. The group's business activities are classified into three business segments, consisting of Trading and distribution, Manufacturing and logistics, of which the majority of the revenue is derived from the Trading and distribution segment. The organization generates key revenue from Indonesia.
67GF Score

Get the complete analysis for ISX:FISH

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

Rp645.00
Price
Rp759.22
GF Value