PT Intikeramik Alamasri Industri Tbk (ISX:IKAI) Cyclically Adjusted PB Ratio: 0.41 (As of Jul. 25, 2026) — 58% Above Median

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ISX:IKAI PT Intikeramik Alamasri Industri Tbk ISX:IKAI
53 GF Score
Price Rp21.00
GF Value Rp15.94
Valuation Significantly Overvalued
! 4 Warning Signs
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What is PT Intikeramik Alamasri Industri Tbk Cyclically Adjusted PB Ratio?

PT Intikeramik Alamasri Industri Tbk ISX:IKAI -4.55% 53 Cyclically Adjusted PB Ratio is 0.41 as of Jul. 25, 2026, which is 58% above its 10-year median of 0.26. GuruFocus rates ISX:IKAI with a GF Score™ of 53/100 and a GF Value™ of Rp15.94 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,363 Construction companies, PT Intikeramik Alamasri Industri Tbk ranks better than 81% on this metric.

As of today (2026-07-25), PT Intikeramik Alamasri Industri Tbk's current share price is Rp21.00. PT Intikeramik Alamasri Industri Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp51.33. PT Intikeramik Alamasri Industri Tbk's Cyclically Adjusted PB Ratio for today is 0.41.

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

ISX:IKAI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.26   Max: 0.75
Current: 0.41

During the past years, PT Intikeramik Alamasri Industri Tbk's highest Cyclically Adjusted PB Ratio was 0.75. The lowest was 0.10. And the median was 0.26.

ISX:IKAI's Cyclically Adjusted PB Ratio is ranked better than
81% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs ISX:IKAI: 0.41

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 Intikeramik Alamasri Industri Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp46.325. 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 Rp51.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Intikeramik Alamasri Industri Tbk  (ISX:IKAI) 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 Intikeramik Alamasri Industri Tbk Cyclically Adjusted PB Ratio Related Terms


PT Intikeramik Alamasri Industri Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Intikeramik Alamasri Industri 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 Intikeramik Alamasri Industri Tbk Cyclically Adjusted PB Ratio Chart

PT Intikeramik Alamasri Industri 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 0.22 0.39

PT Intikeramik Alamasri Industri 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 0.16 0.14 0.61 0.39 0.41

ISX:IKAI vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, PT Intikeramik Alamasri Industri 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 Intikeramik Alamasri Industri Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Intikeramik Alamasri Industri Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Intikeramik Alamasri Industri Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:IKAI
53GF Score
PT Intikeramik Alamasri Industri Tbk ISX:IKAI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Intikeramik Alamasri Industri 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 Intikeramik Alamasri Industri Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.00/51.33
=0.41

* 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 Intikeramik Alamasri Industri Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Intikeramik Alamasri Industri Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=46.325/136.5387*136.5387
=46.325

Current CPI (Mar. 2026) = 136.5387.

PT Intikeramik Alamasri Industri Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 30.388 103.212 40.200
201609 64.929 104.142 85.127
201612 -36.882 105.222 -47.859
201703 -39.384 106.476 -50.504
201706 0.000 107.722 0.000
201709 0.000 108.020 0.000
201712 -68.500 109.017 -85.793
201803 27.092 110.097 33.599
201806 34.461 111.085 42.357
201809 31.553 111.135 38.766
201812 63.675 112.430 77.329
201903 62.073 112.829 75.117
201906 60.604 114.730 72.124
201909 58.913 114.905 70.005
201912 67.872 115.486 80.245
202003 65.869 116.252 77.363
202006 64.135 116.630 75.083
202009 63.793 116.397 74.832
202012 62.535 117.318 72.780
202103 61.336 117.840 71.069
202106 60.615 118.184 70.029
202109 59.227 118.262 68.380
202112 57.347 119.516 65.515
202203 56.407 120.948 63.678
202206 55.352 123.322 61.284
202209 54.477 125.298 59.364
202212 54.455 126.098 58.964
202303 53.782 126.953 57.843
202306 53.075 127.663 56.765
202309 54.546 128.151 58.116
202312 55.152 129.395 58.197
202403 55.660 130.607 58.188
202406 54.810 130.792 57.218
202409 55.016 130.361 57.623
202412 51.350 131.432 53.345
202503 49.270 131.948 50.984
202506 48.607 133.241 49.810
202509 49.303 133.819 50.305
202512 46.414 135.271 46.849
202603 46.325 136.539 46.325

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 0.41 mean?
PT Intikeramik Alamasri Industri Tbk (ISX:IKAI) has a Cyclically Adjusted PB Ratio of 0.41 as of Jul. 25, 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 Intikeramik Alamasri Industri Tbk and its competitors. This is 58% above median its historical median of 0.26. Over the past decade, PT Intikeramik Alamasri Industri Tbk's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.75. According to the industry distribution chart, PT Intikeramik Alamasri Industri Tbk ranks #259 out of 1363 companies in the Construction industry, placing it in the top 19%.
Is PT Intikeramik Alamasri Industri Tbk's Cyclically Adjusted PB Ratio too high?
PT Intikeramik Alamasri Industri Tbk's current Cyclically Adjusted PB Ratio of 0.41 is 58% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.75. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. PT Intikeramik Alamasri Industri Tbk's value of 0.41 is 65% below this industry median. Based on the distribution chart, PT Intikeramik Alamasri Industri Tbk ranks #259 out of 1363 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PT Intikeramik Alamasri Industri Tbk has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Intikeramik Alamasri Industri Tbk's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, PT Intikeramik Alamasri Industri Tbk ranks #259 out of 1363 companies for Cyclically Adjusted PB Ratio. This places PT Intikeramik Alamasri Industri Tbk in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. PT Intikeramik Alamasri Industri Tbk's value of 0.41 is 65% below this benchmark. Historically, PT Intikeramik Alamasri Industri Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.75 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 1.17, PT Intikeramik Alamasri Industri 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,363 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 Intikeramik Alamasri Industri Tbk's current Cyclically Adjusted PB Ratio of 0.41 is 65% 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 Intikeramik Alamasri Industri Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Intikeramik Alamasri Industri Tbk's current Cyclically Adjusted PB Ratio is 0.41, which is 58% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Intikeramik Alamasri Industri Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Intikeramik Alamasri Industri Tbk (ISX:IKAI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp15.94, compared to a current price of Rp21.00 — trading 31.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.41, which is 58% above median its 10-year median of 0.26 and 65% below the Construction industry median of 1.17. PT Intikeramik Alamasri Industri Tbk's overall GF Score™ is 53/100 with 4 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 Intikeramik Alamasri Industri Tbk (ISX:IKAI), the current Cyclically Adjusted PB Ratio is 0.41 as of Jul. 25, 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 Intikeramik Alamasri Industri Tbk (ISX:IKAI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Intikeramik Alamasri Industri Tbk stock appears to be overvalued. The current stock price of Rp21.00 is trading 31.7% above its estimated GF Value™ of Rp15.94. GuruFocus considers PT Intikeramik Alamasri Industri Tbk to be Significantly Overvalued.

Key valuation signals for ISX:IKAI:

  • Cyclically Adjusted PB Ratio: 0.41 (58% above median its 10-year median of 0.26)
  • GF Value™: Rp15.94 vs. price of Rp21.00 (31.7% above fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 65% below the Construction median (#259 of 1363)

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


PT Intikeramik Alamasri Industri Tbk Business Description

Address Jl. Jend. Gatot Subroto Kav. 71-73, 1st Floor, Gedung Perkantoran Menara Bidakara 2, Jakarta, IDN, 12870
PT Intikeramik Alamasri Industri Tbk is an investment holding company. Its business activities are Industry, Trading, Accommodation, Provision of Food and Beverage, and Real Estate. The company's operating segment includes Ceramic and Hotel services. The firm generates the majority of its revenue from Ceramic sales.
53GF Score

Get the complete analysis for ISX:IKAI

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

Rp21.00
Price
Rp15.94
GF Value