PT Fortune Indonesia Tbk (ISX:FORU) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

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.
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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:FORU PT Fortune Indonesia Tbk ISX:FORU
38 GF Score
Price Rp3,010.00
GF Value Rp820.72
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is PT Fortune Indonesia Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

PT Fortune Indonesia Tbk  (ISX:FORU) 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 Fortune Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms

PT Fortune Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Fortune 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 0.94 1.00 0.71 23.24 12.68

PT Fortune Indonesia 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 8.43 7.62 11.39 8.52 21.05

ISX:FORU vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, PT Fortune 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 Fortune Indonesia Tbk Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT Fortune Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:FORU
38GF Score
PT Fortune Indonesia Tbk ISX:FORU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Fortune 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 Fortune Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Fortune Indonesia 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)
=34.383/137.6954*137.6954
=34.383

Current CPI (Jun. 2026) = 137.6954.

PT Fortune Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 266.959 104.142 352.969
201612 273.265 105.222 357.600
201703 267.510 106.476 345.946
201706 255.826 107.722 327.011
201709 262.517 108.020 334.635
201712 151.454 109.017 191.296
201803 141.478 110.097 176.944
201806 127.084 111.085 157.527
201809 130.769 111.135 162.023
201812 134.801 112.430 165.094
201903 127.311 112.829 155.370
201906 135.299 114.730 162.381
201909 134.536 114.905 161.221
201912 136.619 115.486 162.893
202003 132.871 116.252 157.379
202006 122.303 116.630 144.393
202009 107.355 116.397 126.999
202012 83.809 117.318 98.366
202103 82.797 117.840 96.748
202106 79.546 118.184 92.679
202109 81.486 118.262 94.876
202112 87.045 119.516 100.285
202203 84.378 120.948 96.061
202206 80.166 123.322 89.509
202209 81.002 125.298 89.016
202212 78.763 126.098 86.007
202303 78.600 126.953 85.251
202306 77.538 127.663 83.631
202309 74.641 128.151 80.200
202312 72.885 129.395 77.561
202403 65.273 130.607 68.816
202406 62.275 130.792 65.562
202409 55.116 130.361 58.217
202412 55.784 131.432 58.443
202503 57.372 131.948 59.871
202506 54.201 133.241 56.013
202509 52.130 133.819 53.640
202512 50.255 135.271 51.156
202603 41.311 136.539 41.661
202606 34.383 137.695 34.383

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.

Is PT Fortune Indonesia Tbk (ISX:FORU) Overvalued in 2026?

Based on GuruFocus' analysis, PT Fortune Indonesia Tbk stock appears to be overvalued. The current stock price of Rp3,010.00 is trading 266.8% above its estimated GF Value™ of Rp820.72. GuruFocus considers PT Fortune Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for ISX:FORU:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp820.72 vs. price of Rp3,010.00 (266.8% above fair value)
  • GF Score™: 38/100 with 4 warning signs

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

PT Fortune Indonesia Tbk Business Description

Address Jalan M.H. Thamrin No 1, Menara BCA, Lantai 36, Suite 3603, Kel. Menteng, Kec. Menteng, Central Jakarta, Jakarta, IDN, 10310
PT Fortune Indonesia Tbk is an Indonesia based company engaged in service and printing, which includes advertising, public relations, exhibition and convention, multimedia, promotion, production, and publishing of advertising materials, advertisements, posters, banners, billboards, printing, and publishing of books, magazines, and directories. It operates through the following segments: Integrated Advertising and Public Relations. The company generates maximum revenue from the Integrated segment. It also provides consulting services.
38GF Score

Get the complete analysis for ISX:FORU

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

Rp3,010.00
Price
Rp820.72
GF Value