PT Hexindo Adiperkasa Tbk (ISX:HEXA) Cyclically Adjusted PB Ratio: 1.38 (As of Aug. 13, 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:HEXA PT Hexindo Adiperkasa Tbk ISX:HEXA
76 GF Score
Price Rp4,460.00
GF Value Rp4,818.93
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is PT Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio?

PT Hexindo Adiperkasa Tbk ISX:HEXA -0.45% 76 Cyclically Adjusted PB Ratio is 1.38 as of Aug. 13, 2026, which is 9% below its 10-year median of 1.51. GuruFocus rates ISX:HEXA with a GF Score™ of 76/100 and a GF Value™ of Rp4,818.93 (Fairly Valued). The stock has 8 warning signs investors should review. Among 127 Industrial Distribution companies, PT Hexindo Adiperkasa Tbk ranks worse than 50.39% on this metric.

As of today (2026-08-13), PT Hexindo Adiperkasa Tbk's current share price is Rp4460.00. PT Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp3,242.64. PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio for today is 1.38.

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

ISX:HEXA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 1.51   Max: 2.17
Current: 1.38

During the past years, PT Hexindo Adiperkasa Tbk's highest Cyclically Adjusted PB Ratio was 2.17. The lowest was 0.97. And the median was 1.51.

ISX:HEXA's Cyclically Adjusted PB Ratio is ranked worse than
50.39% of 127 companies
in the Industrial Distribution industry
Industry Median: 1.38 vs ISX:HEXA: 1.38

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 Hexindo Adiperkasa Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp3,624.267. 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 Rp3,242.64 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Hexindo Adiperkasa Tbk  (ISX:HEXA) 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 Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio Related Terms


PT Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio Chart

PT Hexindo Adiperkasa Tbk Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 1.53 1.85 1.28 1.34

PT Hexindo Adiperkasa 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 1.50 1.46 1.32 1.34 1.39

ISX:HEXA vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:HEXA
76GF Score
PT Hexindo Adiperkasa Tbk ISX:HEXA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Hexindo Adiperkasa 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 Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4460.00/3242.64
=1.38

* 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 Hexindo Adiperkasa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Hexindo Adiperkasa 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)
=3624.267/137.6954*137.6954
=3,624.267

Current CPI (Jun. 2026) = 137.6954.

PT Hexindo Adiperkasa Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 2,012.258 104.142 2,660.575
201612 2,139.452 105.222 2,799.728
201703 2,260.671 106.476 2,923.516
201706 2,331.208 107.722 2,979.875
201709 2,180.041 108.020 2,778.935
201712 2,309.796 109.017 2,917.422
201803 2,461.782 110.097 3,078.899
201806 2,576.335 111.085 3,193.504
201809 2,553.400 111.135 3,163.657
201812 2,690.335 112.430 3,294.913
201903 2,863.219 112.829 3,494.260
201906 3,029.179 114.730 3,635.521
201909 2,728.818 114.905 3,270.067
201912 2,879.966 115.486 3,433.822
202003 3,238.179 116.252 3,835.471
202006 3,151.706 116.630 3,720.965
202009 2,809.235 116.397 3,323.282
202012 2,839.003 117.318 3,332.117
202103 2,991.934 117.840 3,496.065
202106 3,106.771 118.184 3,619.681
202109 2,152.665 118.262 2,506.408
202112 2,435.027 119.516 2,805.413
202203 2,728.013 120.948 3,105.750
202206 2,949.632 123.322 3,293.406
202209 2,464.477 125.298 2,708.312
202212 2,799.918 126.098 3,057.437
202303 3,020.580 126.953 3,276.186
202306 3,202.148 127.663 3,453.792
202309 2,841.000 128.151 3,052.582
202312 3,108.883 129.395 3,308.319
202403 3,350.229 130.607 3,532.055
202406 3,593.121 130.792 3,782.783
202409 2,762.164 130.361 2,917.572
202412 3,080.748 131.432 3,227.574
202503 3,353.755 131.948 3,499.827
202506 3,455.150 133.241 3,570.670
202509 3,185.923 133.819 3,278.211
202512 3,339.377 135.271 3,399.225
202603 3,325.409 136.539 3,353.581
202606 3,624.267 137.695 3,624.267

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 1.38 mean?
PT Hexindo Adiperkasa Tbk (ISX:HEXA) has a Cyclically Adjusted PB Ratio of 1.38 as of Aug. 13, 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 Hexindo Adiperkasa Tbk and its competitors. This is near median its historical median of 1.51. Over the past decade, PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.17. According to the industry distribution chart, PT Hexindo Adiperkasa Tbk ranks #64 out of 127 companies in the Industrial Distribution industry, placing it in the top 50.4%.
Is PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio too high?
PT Hexindo Adiperkasa Tbk's current Cyclically Adjusted PB Ratio of 1.38 is near median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 2.17. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.38. PT Hexindo Adiperkasa Tbk's value of 1.38 is 0% at this industry median. Based on the distribution chart, PT Hexindo Adiperkasa Tbk ranks #64 out of 127 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, PT Hexindo Adiperkasa Tbk has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Hexindo Adiperkasa Tbk's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, PT Hexindo Adiperkasa Tbk ranks #64 out of 127 companies for Cyclically Adjusted PB Ratio. This places PT Hexindo Adiperkasa Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.38. PT Hexindo Adiperkasa Tbk's value of 1.38 is 0% at this benchmark. Historically, PT Hexindo Adiperkasa Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 2.17 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 1.38, PT Hexindo Adiperkasa Tbk has consistently been at 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 Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.38, based on 127 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 Hexindo Adiperkasa Tbk's current Cyclically Adjusted PB Ratio of 1.38 is 0% at 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 Hexindo Adiperkasa Tbk and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Hexindo Adiperkasa Tbk's current Cyclically Adjusted PB Ratio is 1.38, which is near median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hexindo Adiperkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hexindo Adiperkasa Tbk (ISX:HEXA) is currently considered Fairly Valued. The stock's GF Value™ is Rp4,818.93, compared to a current price of Rp4,460.00 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.38, which is near median its 10-year median of 1.51 and 0% at the Industrial Distribution industry median of 1.38. PT Hexindo Adiperkasa Tbk's overall GF Score™ is 76/100 with 8 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 Hexindo Adiperkasa Tbk (ISX:HEXA), the current Cyclically Adjusted PB Ratio is 1.38 as of Aug. 13, 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 Hexindo Adiperkasa Tbk (ISX:HEXA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hexindo Adiperkasa Tbk stock appears to be undervalued. The current stock price of Rp4,460.00 is trading 7.4% below its estimated GF Value™ of Rp4,818.93. GuruFocus considers PT Hexindo Adiperkasa Tbk to be Fairly Valued.

Key valuation signals for ISX:HEXA:

  • Cyclically Adjusted PB Ratio: 1.38 (near median its 10-year median of 1.51)
  • GF Value™: Rp4,818.93 vs. price of Rp4,460.00 (7.4% below fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 0% at the Industrial Distribution median (#64 of 127)

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


PT Hexindo Adiperkasa Tbk Business Description

Other Exchanges HX1A:Germany
Address Jalan Pulo Kambing II, Kav. I-II No. 33, Kawasan Industri Pulogadung, Jakarta, IDN, 13930
PT Hexindo Adiperkasa Tbk distributes heavy equipment and spare parts in Indonesia. Its products include Mini Excavators, Medium Excavators, Large Excavators / Loading Shovels, Wheel Loaders, Rigid Frame Trucks, BELL Articulated Dump Trucks, Used Equipment, ConSite, and Industry Solutions. The company serves the mining, construction, agribusiness, and forestry industries. It has branches and representative offices across Indonesia, including Banda Aceh, Medan, Jakarta, Semarang, Balikpapan, Samarinda, Jayapura, Makassar, Palu, and Kendari, among others.
76GF Score

Get the complete analysis for ISX:HEXA

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

Rp4,460.00
Price
Rp4,818.93
GF Value