PT Smartfren Telecom Tbk (ISX:FREN) Cyclically Adjusted PB Ratio : 0.47 (As of Jun. 20, 2024)

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What is PT Smartfren Telecom Tbk Cyclically Adjusted PB Ratio?

As of today (2024-06-20), PT Smartfren Telecom Tbk's current share price is Rp44.00. PT Smartfren Telecom Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp94.09. PT Smartfren Telecom Tbk's Cyclically Adjusted PB Ratio for today is 0.47.

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

ISX:FREN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.52 Max: 0.89
Current: 0.45

During the past years, PT Smartfren Telecom Tbk's highest Cyclically Adjusted PB Ratio was 0.89. The lowest was 0.30. And the median was 0.52.

ISX:FREN's Cyclically Adjusted PB Ratio is ranked better than
86.51% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.44 vs ISX:FREN: 0.45

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 Smartfren Telecom Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp45.983. 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 Rp94.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

PT Smartfren Telecom Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Smartfren Telecom 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.

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PT Smartfren Telecom Tbk Cyclically Adjusted PB Ratio Chart

PT Smartfren Telecom Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.37

0.57

0.53

0.51

PT Smartfren Telecom Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.52	0.55	0.55	0.51	0.53

Competitive Comparison of PT Smartfren Telecom Tbk's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, PT Smartfren Telecom 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 Smartfren Telecom Tbk's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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

PT Smartfren Telecom 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 Smartfren Telecom Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	44.00	/	94.09
	=	0.47

PT Smartfren Telecom Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PT Smartfren Telecom Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book	=	Book Value per Share	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	45.983	/	130.6070	*	130.6070
	=	45.983

Current CPI (Mar. 2024) = 130.6070.

PT Smartfren Telecom Tbk Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	190.140	93.015	266.986
201409	174.027	94.576	240.327
201412	221.722	98.819	293.044
201503	193.389	98.388	256.719
201506	391.310	99.766	512.276
201509	62.649	101.037	80.984
201512	66.358	102.133	84.858
201603	63.780	102.764	81.061
201606	59.887	103.212	75.782
201609	53.435	104.142	67.014
201612	56.370	105.222	69.969
201703	49.125	106.476	60.258
201706	58.620	107.722	71.074
201709	42.708	108.020	51.638
201712	88.794	109.017	106.379
201803	82.215	110.097	97.531
201806	73.132	111.085	85.984
201809	64.927	111.135	76.303
201812	72.746	112.430	84.507
201903	70.264	112.829	81.336
201906	58.917	114.730	67.070
201909	58.898	114.905	66.947
201912	58.429	115.486	66.079
202003	50.276	116.252	56.484
202006	52.822	116.630	59.152
202009	43.592	116.397	48.914
202012	46.972	117.318	52.293
202103	45.464	117.840	50.390
202106	40.928	118.184	45.230
202109	40.961	118.262	45.237
202112	41.068	119.516	44.879
202203	41.151	120.948	44.437
202206	40.984	123.322	43.405
202209	45.377	125.298	47.300
202212	46.989	126.098	48.669
202303	45.856	126.953	47.176
202306	45.369	127.663	46.415
202309	45.274	128.151	46.142
202312	46.730	129.395	47.168
202403	45.983	130.607	45.983

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.

PT Smartfren Telecom Tbk (ISX:FREN) 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 Smartfren Telecom Tbk Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PT Smartfren Telecom Tbk's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Smartfren Telecom Tbk (ISX:FREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Smartfren Telecom Tbk (ISX:FREN) » Definitions » Cyclically Adjusted PB Ratio

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Traded in Other Exchanges

FRENF:USA

Address

Jalan H. Agus Salim No. 45, Menteng, Jakarta Pusat, Jakarta, IDN, 10340

Website

https://www.smartfren.com

PT Smartfren Telecom Tbk is a telecommunications services provider. It provides CDMA and 4G LTE technology based telecommunication services with cellular and limited mobility. The Company operates and maintains its business in one segment that is providing cellular service and telecommunication network service to subscribers. It provides services to individuals as well as business. Geographically, the company operates in Indonesia.

PT Smartfren Telecom Tbk (ISX:FREN) Headlines

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