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PT Vale Indonesia Tbk (ISX:INCO) Cyclically Adjusted PB Ratio : 1.25 (As of Jun. 14, 2024)


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What is PT Vale Indonesia Tbk Cyclically Adjusted PB Ratio?

As of today (2024-06-14), PT Vale Indonesia Tbk's current share price is Rp4050.00. PT Vale Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was Rp3,249.69. PT Vale Indonesia Tbk's Cyclically Adjusted PB Ratio for today is 1.25.

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

ISX:INCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.58   Max: 2.8
Current: 1.37

During the past years, PT Vale Indonesia Tbk's highest Cyclically Adjusted PB Ratio was 2.80. The lowest was 0.58. And the median was 1.58.

ISX:INCO's Cyclically Adjusted PB Ratio is ranked worse than
62.73% of 1634 companies
in the Metals & Mining industry
Industry Median: 0.85 vs ISX:INCO: 1.37

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 Vale Indonesia Tbk's adjusted book value per share data for the three months ended in Dec. 2023 was Rp3,978.818. 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 Rp3,249.69 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Vale Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Vale Indonesia 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.

* Premium members only.

PT Vale Indonesia Tbk Cyclically Adjusted PB Ratio Chart

PT Vale Indonesia Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 1.88 1.67 2.32 1.33

PT Vale Indonesia Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.32 2.14 2.00 1.77 1.33

Competitive Comparison of PT Vale Indonesia Tbk's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, PT Vale Indonesia 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 Vale Indonesia Tbk's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4050.00/3249.69
=1.25

* 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 Vale Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, PT Vale Indonesia Tbk's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3978.818/129.3947*129.3947
=3,978.818

Current CPI (Dec. 2023) = 129.3947.

PT Vale Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201403 1,988.091 92.483 2,781.563
201406 2,146.849 93.015 2,986.523
201409 2,267.079 94.576 3,101.717
201412 2,235.207 98.819 2,926.793
201503 2,383.177 98.388 3,134.241
201506 2,450.860 99.766 3,178.718
201509 2,710.053 101.037 3,470.688
201512 2,546.154 102.133 3,225.789
201603 2,429.752 102.764 3,059.411
201606 2,406.057 103.212 3,016.414
201609 2,389.862 104.142 2,969.352
201612 2,480.747 105.222 3,050.653
201703 2,451.035 106.476 2,978.617
201706 2,430.131 107.722 2,919.065
201709 2,464.210 108.020 2,951.810
201712 2,480.671 109.017 2,944.366
201803 2,528.452 110.097 2,971.650
201806 2,680.250 111.085 3,122.033
201809 2,816.739 111.135 3,279.550
201812 2,745.302 112.430 3,159.547
201903 2,665.969 112.829 3,057.404
201906 2,644.655 114.730 2,982.688
201909 2,688.767 114.905 3,027.835
201912 2,716.443 115.486 3,043.604
202003 3,246.652 116.252 3,613.688
202006 2,871.268 116.630 3,185.523
202009 3,030.240 116.397 3,368.629
202012 2,868.003 117.318 3,163.232
202103 3,012.369 117.840 3,307.750
202106 2,984.938 118.184 3,268.086
202109 3,039.111 118.262 3,325.209
202112 3,093.882 119.516 3,349.607
202203 3,208.921 120.948 3,433.018
202206 3,444.252 123.322 3,613.844
202209 3,564.317 125.298 3,680.843
202212 3,728.024 126.098 3,825.498
202303 3,718.150 126.953 3,789.676
202306 3,724.751 127.663 3,775.279
202309 3,930.837 128.151 3,968.973
202312 3,978.818 129.395 3,978.818

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.


PT Vale Indonesia Tbk  (ISX:INCO) 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 Vale Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms

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PT Vale Indonesia Tbk (ISX:INCO) Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Sudirman Kav. 71, Sequis Tower, Lantai 20, Unit 6 and 7, Jakarta, IDN, 12190
PT Vale Indonesia Tbk is primarily engaged in nickel mining and processing in Indonesia. The company produces nickel in matte from lateritic ores at its integrated mining and processing facilities near Sorowako, Indonesia. The finished nickel product represents what is known in the industry as "primary nickel," meaning nickel produced principally from nickel ores, as opposed to "secondary" nickel, which is recovered from recycled metal which contains nickel. The majority of global nickel is used for stainless steel production.

PT Vale Indonesia Tbk (ISX:INCO) Headlines

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