PT Indonesia Fibreboard Industry Tbk (ISX:IFII) Cyclically Adjusted PB Ratio: 1.82 (As of Jul. 15, 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:IFII PT Indonesia Fibreboard Industry Tbk ISX:IFII
84 GF Score
Price Rp216.00
GF Value Rp212.53
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is PT Indonesia Fibreboard Industry Tbk Cyclically Adjusted PB Ratio?

PT Indonesia Fibreboard Industry Tbk ISX:IFII -0.93% 84 Cyclically Adjusted PB Ratio is 1.82 as of Jul. 15, 2026, which is 6% below its 10-year median of 1.94. GuruFocus rates ISX:IFII with a GF Score™ of 84/100 and a GF Value™ of Rp212.53 (Fairly Valued). The stock has 2 warning signs investors should review. Among 243 Forest Products companies, PT Indonesia Fibreboard Industry Tbk ranks worse than 80.25% on this metric.

As of today (2026-07-15), PT Indonesia Fibreboard Industry Tbk's current share price is Rp216.00. PT Indonesia Fibreboard Industry Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was Rp118.81. PT Indonesia Fibreboard Industry Tbk's Cyclically Adjusted PB Ratio for today is 1.82.

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

ISX:IFII' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.8   Med: 1.94   Max: 2.36
Current: 1.8

During the past 10 years, PT Indonesia Fibreboard Industry Tbk's highest Cyclically Adjusted PB Ratio was 2.36. The lowest was 1.80. And the median was 1.94.

ISX:IFII's Cyclically Adjusted PB Ratio is ranked worse than
80.25% of 243 companies
in the Forest Products industry
Industry Median: 0.77 vs ISX:IFII: 1.80

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 Indonesia Fibreboard Industry Tbk's adjusted book value per share data of for the fiscal year that ended in Dec25 was Rp147.148. 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 Rp118.81 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indonesia Fibreboard Industry Tbk  (ISX:IFII) 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 Indonesia Fibreboard Industry Tbk Cyclically Adjusted PB Ratio Related Terms


PT Indonesia Fibreboard Industry Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Indonesia Fibreboard Industry 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 0.00 0.00 0.00 0.00 1.85

PT Indonesia Fibreboard Industry 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 0.00 0.00 0.00 1.85 0.00

ISX:IFII vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, PT Indonesia Fibreboard Industry 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 Indonesia Fibreboard Industry Tbk Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Indonesia Fibreboard Industry Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:IFII
84GF Score
PT Indonesia Fibreboard Industry Tbk ISX:IFII
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indonesia Fibreboard Industry 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 Indonesia Fibreboard Industry Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=216.00/118.81
=1.82

* 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 Indonesia Fibreboard Industry Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PT Indonesia Fibreboard Industry Tbk's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=147.148/135.2711*135.2711
=147.148

Current CPI (Dec25) = 135.2711.

PT Indonesia Fibreboard Industry Tbk Annual Data

Book Value per Share CPI Adj_Book
201612 52.958 105.222 68.082
201712 74.774 109.017 92.782
201812 81.215 112.430 97.715
201912 103.298 115.486 120.995
202012 106.196 117.318 122.447
202112 115.105 119.516 130.279
202212 121.385 126.098 130.216
202312 129.719 129.395 135.610
202412 138.753 131.432 142.806
202512 147.148 135.271 147.148

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 1.82 mean?
PT Indonesia Fibreboard Industry Tbk (ISX:IFII) has a Cyclically Adjusted PB Ratio of 1.82 as of Jul. 15, 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 Indonesia Fibreboard Industry Tbk and its competitors. This is near median its historical median of 1.94. Over the past decade, PT Indonesia Fibreboard Industry Tbk's Cyclically Adjusted PB Ratio has ranged from 1.80 to 2.36. According to the industry distribution chart, PT Indonesia Fibreboard Industry Tbk ranks #195 out of 243 companies in the Forest Products industry, placing it in the top 80.2%.
Is PT Indonesia Fibreboard Industry Tbk's Cyclically Adjusted PB Ratio too high?
PT Indonesia Fibreboard Industry Tbk's current Cyclically Adjusted PB Ratio of 1.82 is near median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 2.36. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.77. PT Indonesia Fibreboard Industry Tbk's value of 1.82 is 136.4% above this industry median. Based on the distribution chart, PT Indonesia Fibreboard Industry Tbk ranks #195 out of 243 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Indonesia Fibreboard Industry Tbk has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indonesia Fibreboard Industry Tbk's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, PT Indonesia Fibreboard Industry Tbk ranks #195 out of 243 companies for Cyclically Adjusted PB Ratio. This places PT Indonesia Fibreboard Industry Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.77. PT Indonesia Fibreboard Industry Tbk's value of 1.82 is 136.4% above this benchmark. Historically, PT Indonesia Fibreboard Industry Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.80 to 2.36 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 0.77, PT Indonesia Fibreboard Industry Tbk has consistently been above 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.77, based on 243 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 Indonesia Fibreboard Industry Tbk's current Cyclically Adjusted PB Ratio of 1.82 is 136.4% above 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 Indonesia Fibreboard Industry Tbk and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indonesia Fibreboard Industry Tbk's current Cyclically Adjusted PB Ratio is 1.82, which is near median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indonesia Fibreboard Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indonesia Fibreboard Industry Tbk (ISX:IFII) is currently considered Fairly Valued. The stock's GF Value™ is Rp212.53, compared to a current price of Rp216.00 — trading 1.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.82, which is near median its 10-year median of 1.94 and 136.4% above the Forest Products industry median of 0.77. PT Indonesia Fibreboard Industry Tbk's overall GF Score™ is 84/100 with 2 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 Indonesia Fibreboard Industry Tbk (ISX:IFII), the current Cyclically Adjusted PB Ratio is 1.82 as of Jul. 15, 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 Indonesia Fibreboard Industry Tbk (ISX:IFII) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indonesia Fibreboard Industry Tbk stock appears to be overvalued. The current stock price of Rp216.00 is trading 1.6% above its estimated GF Value™ of Rp212.53. GuruFocus considers PT Indonesia Fibreboard Industry Tbk to be Fairly Valued.

Key valuation signals for ISX:IFII:

  • Cyclically Adjusted PB Ratio: 1.82 (near median its 10-year median of 1.94)
  • GF Value™: Rp212.53 vs. price of Rp216.00 (1.6% above fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 136.4% above the Forest Products median (#195 of 243)

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


PT Indonesia Fibreboard Industry Tbk Business Description

Address Jalan Pluit Raya 1 No. 1, Penjaringan, Wisma ADR, 3rd Floor, Jakarta Utara, Jakarta, IDN, 14440
PT Indonesia Fibreboard Industry Tbk is a wood processing company developing a variety of processed wood such as veneer and plywood. Its product portfolio includes High-Density Fireboard, Medium Density Fireboard, Low-Density Fireboard, High Moisture Resistance, Plywood, Plywood MDF, MDF Laminate Paper, and Veneer. Its segments include Japan MDF, Regular MDF, Middle East MDF, and Others. A vast majority of its revenues are derived from Middle East MDF segment.
84GF Score

Get the complete analysis for ISX:IFII

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

Rp216.00
Price
Rp212.53
GF Value