PT Indal Aluminium Industry Tbk (ISX:INAI) Cyclically Adjusted PB Ratio: 0.33 (As of Jul. 20, 2026) — Near Median

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ISX:INAI PT Indal Aluminium Industry Tbk ISX:INAI
55 GF Score
Price Rp166.00
GF Value Rp117.46
Valuation Significantly Overvalued
! 3 Warning Signs
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What is PT Indal Aluminium Industry Tbk Cyclically Adjusted PB Ratio?

PT Indal Aluminium Industry Tbk ISX:INAI +0.61% 55 Cyclically Adjusted PB Ratio is 0.33 as of Jul. 20, 2026, which is 6% below its 10-year median of 0.35. GuruFocus rates ISX:INAI with a GF Score™ of 55/100 and a GF Value™ of Rp117.46 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,542 Metals & Mining companies, PT Indal Aluminium Industry Tbk ranks better than 80.74% on this metric.

As of today (2026-07-20), PT Indal Aluminium Industry Tbk's current share price is Rp166.00. PT Indal Aluminium Industry Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp496.97. PT Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio for today is 0.33.

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

ISX:INAI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.35   Max: 0.53
Current: 0.33

During the past years, PT Indal Aluminium Industry Tbk's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.18. And the median was 0.35.

ISX:INAI's Cyclically Adjusted PB Ratio is ranked better than
80.74% of 1542 companies
in the Metals & Mining industry
Industry Median: 1.375 vs ISX:INAI: 0.33

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 Indal Aluminium Industry Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp111.152. 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 Rp496.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indal Aluminium Industry Tbk  (ISX:INAI) 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 Indal Aluminium Industry Tbk Cyclically Adjusted PB Ratio Related Terms


PT Indal Aluminium Industry Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Indal Aluminium 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 Indal Aluminium Industry Tbk Cyclically Adjusted PB Ratio Chart

PT Indal Aluminium 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 0.41 0.19 0.29

PT Indal Aluminium 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 0.34 0.30 0.31 0.29 0.38

ISX:INAI vs AA, CENX, CSTM: Cyclically Adjusted PB Ratio Comparison

For the Aluminum subindustry, PT Indal Aluminium 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 Indal Aluminium Industry Tbk Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


ISX:INAI
55GF Score
PT Indal Aluminium Industry Tbk ISX:INAI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indal Aluminium 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 Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=166.00/496.97
=0.33

* 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 Indal Aluminium Industry Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Indal Aluminium Industry 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)
=111.152/136.5387*136.5387
=111.152

Current CPI (Mar. 2026) = 136.5387.

PT Indal Aluminium Industry Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 405.055 103.212 535.844
201609 393.024 104.142 515.285
201612 407.223 105.222 528.423
201703 424.459 106.476 544.302
201706 441.885 107.722 560.096
201709 423.761 108.020 535.637
201712 437.823 109.017 548.353
201803 458.277 110.097 568.343
201806 469.650 111.085 577.266
201809 453.165 111.135 556.754
201812 479.615 112.430 582.461
201903 500.125 112.829 605.223
201906 511.504 114.730 608.733
201909 486.179 114.905 577.716
201912 503.896 115.486 595.755
202003 506.113 116.252 594.431
202006 505.652 116.630 591.968
202009 479.016 116.397 561.908
202012 507.267 117.318 590.374
202103 478.671 117.840 554.627
202106 462.244 118.184 534.034
202109 474.391 118.262 547.707
202112 610.233 119.516 697.148
202203 664.130 120.948 749.738
202206 622.112 123.322 688.783
202209 565.228 125.298 615.934
202212 469.512 126.098 508.388
202303 427.528 126.953 459.811
202306 397.030 127.663 424.634
202309 390.709 128.151 416.280
202312 432.330 129.395 456.199
202403 386.869 130.607 404.439
202406 369.461 130.792 385.695
202409 305.152 130.361 319.613
202412 309.447 131.432 321.472
202503 283.028 131.948 292.874
202506 248.311 133.241 254.457
202509 209.467 133.819 213.724
202512 141.994 135.271 143.325
202603 111.152 136.539 111.152

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 0.33 mean?
PT Indal Aluminium Industry Tbk (ISX:INAI) has a Cyclically Adjusted PB Ratio of 0.33 as of Jul. 20, 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 Indal Aluminium Industry Tbk and its competitors. This is near median its historical median of 0.35. Over the past decade, PT Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.53. According to the industry distribution chart, PT Indal Aluminium Industry Tbk ranks #297 out of 1542 companies in the Metals & Mining industry, placing it in the top 19.3%.
Is PT Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio too high?
PT Indal Aluminium Industry Tbk's current Cyclically Adjusted PB Ratio of 0.33 is near median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.53. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.38. PT Indal Aluminium Industry Tbk's value of 0.33 is 76% below this industry median. Based on the distribution chart, PT Indal Aluminium Industry Tbk ranks #297 out of 1542 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indal Aluminium Industry Tbk has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indal Aluminium Industry Tbk's Cyclically Adjusted PB Ratio compare to AA and CENX?
According to the Metals & Mining industry distribution chart, PT Indal Aluminium Industry Tbk ranks #297 out of 1542 companies for Cyclically Adjusted PB Ratio. This places PT Indal Aluminium Industry Tbk in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.38. PT Indal Aluminium Industry Tbk's value of 0.33 is 76% below this benchmark. Historically, PT Indal Aluminium Industry Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.53 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 1.38, PT Indal Aluminium Industry 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 1.38, based on 1,542 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 Indal Aluminium Industry Tbk's current Cyclically Adjusted PB Ratio of 0.33 is 76% 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 Indal Aluminium Industry Tbk and its competitors. For the Metals & Mining 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 Indal Aluminium Industry Tbk's current Cyclically Adjusted PB Ratio is 0.33, which is near median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indal Aluminium Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indal Aluminium Industry Tbk (ISX:INAI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp117.46, compared to a current price of Rp166.00 — trading 41.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is near median its 10-year median of 0.35 and 76% below the Metals & Mining industry median of 1.38. PT Indal Aluminium Industry Tbk's overall GF Score™ is 55/100 with 3 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 Indal Aluminium Industry Tbk (ISX:INAI), the current Cyclically Adjusted PB Ratio is 0.33 as of Jul. 20, 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 Indal Aluminium Industry Tbk (ISX:INAI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indal Aluminium Industry Tbk stock appears to be overvalued. The current stock price of Rp166.00 is trading 41.3% above its estimated GF Value™ of Rp117.46. GuruFocus considers PT Indal Aluminium Industry Tbk to be Significantly Overvalued.

Key valuation signals for ISX:INAI:

  • Cyclically Adjusted PB Ratio: 0.33 (near median its 10-year median of 0.35)
  • GF Value™: Rp117.46 vs. price of Rp166.00 (41.3% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 76% below the Metals & Mining median (#297 of 1542)

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


PT Indal Aluminium Industry Tbk Business Description

Address Kompleks Maspion Unit-1, Sawotratap, Sidoarjo, IDN, 61254
PT Indal Aluminium Industry Tbk engaged in industry, trade, and services for several business activities, including managing aluminum ingot or billet raw materials into aluminum extrusion profiles which are used for ready-to-install building materials for the construction industry, home industry, electronic/automotive components, medical device components, aluminum solar panel frames and others. The company's segments include the Manufacturing of aluminum, Construction Services, Software services, and General trading & investments. The majority of the revenue is generated from the Manufacturing of the Aluminium segment. The company exports its products to Japan, Hong Kong, Thailand, Singapore, Australia, the United States, and other countries.
55GF Score

Get the complete analysis for ISX:INAI

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

Rp166.00
Price
Rp117.46
GF Value