PT Harum Energy Tbk (ISX:HRUM) Cyclically Adjusted PB Ratio: 1.27 (As of Sep. 08, 2026) — 47% Below Median

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ISX:HRUM PT Harum Energy Tbk ISX:HRUM
84 GF Score
Price Rp940.00
GF Value Rp1,851.71
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is PT Harum Energy Tbk Cyclically Adjusted PB Ratio?

PT Harum Energy Tbk ISX:HRUM -1.05% 84 Cyclically Adjusted PB Ratio is 1.27 as of Sep. 08, 2026, which is 47% below its 10-year median of 2.41. GuruFocus rates ISX:HRUM with a GF Score™ of 84/100 and a GF Value™ of Rp1,851.71 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,499 Metals & Mining companies, PT Harum Energy Tbk ranks better than 54.77% on this metric.

As of today (2026-09-08), PT Harum Energy Tbk's current share price is Rp940.00. PT Harum Energy Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp740.07. PT Harum Energy Tbk's Cyclically Adjusted PB Ratio for today is 1.27.

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

ISX:HRUM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 2.41   Max: 7.31
Current: 1.28

During the past years, PT Harum Energy Tbk's highest Cyclically Adjusted PB Ratio was 7.31. The lowest was 0.70. And the median was 2.41.

ISX:HRUM's Cyclically Adjusted PB Ratio is ranked better than
54.77% of 1499 companies
in the Metals & Mining industry
Industry Median: 1.56 vs ISX:HRUM: 1.28

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 Harum Energy Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp1,311.121. 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 Rp740.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Harum Energy Tbk  (ISX:HRUM) 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 Harum Energy Tbk Cyclically Adjusted PB Ratio Related Terms


PT Harum Energy Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Harum Energy 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 Harum Energy Tbk Cyclically Adjusted PB Ratio Chart

PT Harum Energy 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 5.71 3.84 2.69 1.76 1.57

PT Harum Energy 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 1.31 1.72 1.57 1.44 0.95

PT Harum Energy Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PT Harum Energy 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 Harum Energy Tbk Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Harum Energy Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:HRUM
84GF Score
PT Harum Energy Tbk ISX:HRUM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Harum Energy 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 Harum Energy Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=940.00/740.07
=1.27

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

For example, PT Harum Energy 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)
=1311.121/137.6954*137.6954
=1,311.121

Current CPI (Jun. 2026) = 137.6954.

PT Harum Energy Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 278.273 104.142 367.928
201612 286.697 105.222 375.177
201703 297.447 106.476 384.661
201706 303.242 107.722 387.620
201709 313.407 108.020 399.505
201712 332.103 109.017 419.468
201803 350.219 110.097 438.012
201806 311.878 111.085 386.589
201809 337.642 111.135 418.338
201812 341.160 112.430 417.826
201903 342.095 112.829 417.491
201906 343.522 114.730 412.284
201909 343.410 114.905 411.524
201912 343.046 115.486 409.018
202003 375.185 116.252 444.389
202006 352.550 116.630 416.227
202009 395.237 116.397 467.559
202012 415.061 117.318 487.154
202103 441.956 117.840 516.424
202106 423.374 118.184 493.271
202109 485.078 118.262 564.790
202112 532.735 119.516 613.768
202203 621.467 120.948 707.519
202206 706.917 123.322 789.307
202209 823.123 125.298 904.563
202212 861.094 126.098 940.292
202303 963.362 126.953 1,044.883
202306 994.231 127.663 1,072.364
202309 970.859 128.151 1,043.163
202312 1,032.084 129.395 1,098.292
202403 1,045.171 130.607 1,101.895
202406 1,130.511 130.792 1,190.185
202409 1,575.590 130.361 1,664.237
202412 1,082.775 131.432 1,134.379
202503 1,116.497 131.948 1,165.126
202506 1,139.391 133.241 1,177.486
202509 1,162.279 133.819 1,195.947
202512 1,177.052 135.271 1,198.147
202603 1,204.628 136.539 1,214.833
202606 1,311.121 137.695 1,311.121

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 1.27 mean?
PT Harum Energy Tbk (ISX:HRUM) has a Cyclically Adjusted PB Ratio of 1.27 as of Sep. 08, 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 Harum Energy Tbk and its competitors. This is 47% below median its historical median of 2.41. Over the past decade, PT Harum Energy Tbk's Cyclically Adjusted PB Ratio has ranged from 0.70 to 7.31. According to the industry distribution chart, PT Harum Energy Tbk ranks #678 out of 1499 companies in the Metals & Mining industry, placing it in the top 45.2%.
Is PT Harum Energy Tbk's Cyclically Adjusted PB Ratio too high?
PT Harum Energy Tbk's current Cyclically Adjusted PB Ratio of 1.27 is 47% below median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 7.31. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.56. PT Harum Energy Tbk's value of 1.27 is 18.6% below this industry median. Based on the distribution chart, PT Harum Energy Tbk ranks #678 out of 1499 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, PT Harum Energy Tbk has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Harum Energy Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, PT Harum Energy Tbk ranks #678 out of 1499 companies for Cyclically Adjusted PB Ratio. This puts PT Harum Energy Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. PT Harum Energy Tbk's value of 1.27 is 18.6% below this benchmark. Historically, PT Harum Energy Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 7.31 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 1.56, PT Harum Energy 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.56, based on 1,499 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 Harum Energy Tbk's current Cyclically Adjusted PB Ratio of 1.27 is 18.6% 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 Harum Energy Tbk and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Harum Energy Tbk's current Cyclically Adjusted PB Ratio is 1.27, which is 47% below median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Harum Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Harum Energy Tbk (ISX:HRUM) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,851.71, compared to a current price of Rp940.00 — trading 49.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.27, which is 47% below median its 10-year median of 2.41 and 18.6% below the Metals & Mining industry median of 1.56. PT Harum Energy Tbk's overall GF Score™ is 84/100 with 6 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 Harum Energy Tbk (ISX:HRUM), the current Cyclically Adjusted PB Ratio is 1.27 as of Sep. 08, 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 Harum Energy Tbk (ISX:HRUM) Overvalued in 2026?

Based on GuruFocus' analysis, PT Harum Energy Tbk stock appears to be undervalued. The current stock price of Rp940.00 is trading 49.2% below its estimated GF Value™ of Rp1,851.71. GuruFocus considers PT Harum Energy Tbk to be Possible Value Trap.

Key valuation signals for ISX:HRUM:

  • Cyclically Adjusted PB Ratio: 1.27 (47% below median its 10-year median of 2.41)
  • GF Value™: Rp1,851.71 vs. price of Rp940.00 (49.2% below fair value)
  • GF Score™: 84/100 with 6 warning signs
  • Industry Position: 18.6% below the Metals & Mining median (#678 of 1499)

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


PT Harum Energy Tbk Business Description

Other Exchanges 44H:Germany
Address Jalan Imam Bonjol No. 80, Deutsche Bank Building, 9th Floor, Jakarta Pusat, Jakarta, IDN, 10310
PT Harum Energy Tbk is a holding company engaged in the coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is broken down into various segments, which include Coal mining sectors; Rental and service sectors; Nickel Smelter; and Other sectors. It serves coal-fired power-generating and manufacturing companies. Geographically, the firm generates revenue from East Asia, South Asia, Southeast Asia, and Europe. The firm generates the majority of its revenue from the Nickel Smelter, which consists of the Nickel Smelter sector by IMI, WMI, and BSE.
84GF Score

Get the complete analysis for ISX:HRUM

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

Rp940.00
Price
Rp1,851.71
GF Value