PT Indospring Tbk (ISX:INDS) Cyclically Adjusted PB Ratio: 0.58 (As of Aug. 12, 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:INDS PT Indospring Tbk ISX:INDS
79 GF Score
Price Rp272.00
GF Value Rp259.18
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is PT Indospring Tbk Cyclically Adjusted PB Ratio?

PT Indospring Tbk ISX:INDS +3.03% 79 Cyclically Adjusted PB Ratio is 0.58 as of Aug. 12, 2026, which is at its 10-year median of 0.58. GuruFocus rates ISX:INDS with a GF Score™ of 79/100 and a GF Value™ of Rp259.18 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,002 Vehicles & Parts companies, PT Indospring Tbk ranks better than 76.05% on this metric.

As of today (2026-08-12), PT Indospring Tbk's current share price is Rp272.00. PT Indospring Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp466.37. PT Indospring Tbk's Cyclically Adjusted PB Ratio for today is 0.58.

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

ISX:INDS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.58   Max: 5.4
Current: 0.59

During the past years, PT Indospring Tbk's highest Cyclically Adjusted PB Ratio was 5.40. The lowest was 0.46. And the median was 0.58.

ISX:INDS's Cyclically Adjusted PB Ratio is ranked better than
76.05% of 1002 companies
in the Vehicles & Parts industry
Industry Median: 1.275 vs ISX:INDS: 0.59

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 Indospring Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp521.572. 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 Rp466.37 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indospring Tbk  (ISX:INDS) 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 Indospring Tbk Cyclically Adjusted PB Ratio Related Terms


PT Indospring Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Indospring 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 0.67 0.51 0.61 0.57 0.50

PT Indospring 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 0.58 0.53 0.50 0.87 0.52

ISX:INDS vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, PT Indospring 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 Indospring Tbk Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PT Indospring Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:INDS
79GF Score
PT Indospring Tbk ISX:INDS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=272.00/466.37
=0.58

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

For example, PT Indospring 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)
=521.572/137.6954*137.6954
=521.572

Current CPI (Jun. 2026) = 137.6954.

PT Indospring Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 309.131 104.142 408.728
201612 313.143 105.222 409.785
201703 315.784 106.476 408.374
201706 314.683 107.722 402.245
201709 321.775 108.020 410.172
201712 325.258 109.017 410.822
201803 329.543 110.097 412.153
201806 324.536 111.085 402.280
201809 332.172 111.135 411.560
201812 332.844 112.430 407.641
201903 336.295 112.829 410.413
201906 336.416 114.730 403.755
201909 328.973 114.905 394.223
201912 390.032 115.486 465.040
202003 396.601 116.252 469.755
202006 394.053 116.630 465.227
202009 385.403 116.397 455.926
202012 388.753 117.318 456.277
202103 396.122 117.840 462.867
202106 393.866 118.184 458.891
202109 402.219 118.262 468.315
202112 419.662 119.516 483.496
202203 409.223 120.948 465.886
202206 415.367 123.322 463.777
202209 419.514 125.298 461.021
202212 433.974 126.098 473.888
202303 442.331 126.953 479.762
202306 449.900 127.663 485.256
202309 452.789 128.151 486.510
202312 510.313 129.395 543.050
202403 513.181 130.607 541.033
202406 507.967 130.792 534.780
202409 507.960 130.361 536.539
202412 512.076 131.432 536.481
202503 515.779 131.948 538.244
202506 517.373 133.241 534.671
202509 512.837 133.819 527.693
202512 516.598 135.271 525.856
202603 516.648 136.539 521.025
202606 521.572 137.695 521.572

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 0.58 mean?
PT Indospring Tbk (ISX:INDS) has a Cyclically Adjusted PB Ratio of 0.58 as of Aug. 12, 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 Indospring Tbk and its competitors. This is near median its historical median of 0.58. Over the past decade, PT Indospring Tbk's Cyclically Adjusted PB Ratio has ranged from 0.46 to 5.40. According to the industry distribution chart, PT Indospring Tbk ranks #240 out of 1002 companies in the Vehicles & Parts industry, placing it in the top 24%.
Is PT Indospring Tbk's Cyclically Adjusted PB Ratio too high?
PT Indospring Tbk's current Cyclically Adjusted PB Ratio of 0.58 is near median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 5.40. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. PT Indospring Tbk's value of 0.58 is 54.5% below this industry median. Based on the distribution chart, PT Indospring Tbk ranks #240 out of 1002 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indospring Tbk has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indospring Tbk's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, PT Indospring Tbk ranks #240 out of 1002 companies for Cyclically Adjusted PB Ratio. This places PT Indospring Tbk in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. PT Indospring Tbk's value of 0.58 is 54.5% below this benchmark. Historically, PT Indospring Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 5.40 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 1.28, PT Indospring 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.28, based on 1,002 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 Indospring Tbk's current Cyclically Adjusted PB Ratio of 0.58 is 54.5% 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 Indospring Tbk and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indospring Tbk's current Cyclically Adjusted PB Ratio is 0.58, which is near median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indospring Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indospring Tbk (ISX:INDS) is currently considered Fairly Valued. The stock's GF Value™ is Rp259.18, compared to a current price of Rp272.00 — trading 4.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.58, which is near median its 10-year median of 0.58 and 54.5% below the Vehicles & Parts industry median of 1.28. PT Indospring Tbk's overall GF Score™ is 79/100 with 5 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 Indospring Tbk (ISX:INDS), the current Cyclically Adjusted PB Ratio is 0.58 as of Aug. 12, 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 Indospring Tbk (ISX:INDS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indospring Tbk stock appears to be overvalued. The current stock price of Rp272.00 is trading 4.9% above its estimated GF Value™ of Rp259.18. GuruFocus considers PT Indospring Tbk to be Fairly Valued.

Key valuation signals for ISX:INDS:

  • Cyclically Adjusted PB Ratio: 0.58 (near median its 10-year median of 0.58)
  • GF Value™: Rp259.18 vs. price of Rp272.00 (4.9% above fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 54.5% below the Vehicles & Parts median (#240 of 1002)

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


PT Indospring Tbk Business Description

Address Jalan Mayjend Sungkono no. 10, Desa Segoromadu, P.O. Box 112, Jawa Timur, Gresik, IDN, 61123
PT Indospring Tbk is engaged in the manufacture of leaf springs and coil springs. Its products include multi-leaf springs, parabolic leaf springs, trailing leaf springs, tension springs, compression springs, valve springs, wire rings, hot coil springs, and Yoko-oki leaf springs. The company's manufacturing facilities are located in Gresik, Indonesia. It operates in two segments: the spare part industry and the Agricultural equipment industry. The spare part industry segment contributes to the majority of the company's revenue. Geographically, the company generates the majority of its revenue from the domestic market.
79GF Score

Get the complete analysis for ISX:INDS

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

Rp272.00
Price
Rp259.18
GF Value