PT Keramika Indonesia Assosiasi Tbk (ISX:KIAS) Cyclically Adjusted PB Ratio: 0.27 (As of Jul. 26, 2026) — 34% Below Median

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ISX:KIAS PT Keramika Indonesia Assosiasi Tbk ISX:KIAS
13 GF Score
Price Rp21.00
GF Value Rp20.41
! 2 Warning Signs
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What is PT Keramika Indonesia Assosiasi Tbk Cyclically Adjusted PB Ratio?

PT Keramika Indonesia Assosiasi Tbk ISX:KIAS 13 Cyclically Adjusted PB Ratio is 0.27 as of Jul. 26, 2026, which is 34% below its 10-year median of 0.41. GuruFocus rates ISX:KIAS with a GF Score™ of 13/100 and a GF Value™ of Rp20.41. The stock has 2 warning signs investors should review.

As of today (2026-07-26), PT Keramika Indonesia Assosiasi Tbk's current share price is Rp21.00. PT Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp77.41. PT Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted PB Ratio for today is 0.27.

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

ISX:KIAS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.41   Max: 0.7
Current: 0.27

During the past years, PT Keramika Indonesia Assosiasi Tbk's highest Cyclically Adjusted PB Ratio was 0.70. The lowest was 0.11. And the median was 0.41.

ISX:KIAS's Cyclically Adjusted PB Ratio is not ranked
in the Construction industry.
Industry Median: 1.16 vs ISX:KIAS: 0.27

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 Keramika Indonesia Assosiasi Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp47.360. 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 Rp77.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Keramika Indonesia Assosiasi Tbk  (ISX:KIAS) 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 Keramika Indonesia Assosiasi Tbk Cyclically Adjusted PB Ratio Related Terms


PT Keramika Indonesia Assosiasi Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Keramika Indonesia Assosiasi 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 Keramika Indonesia Assosiasi Tbk Cyclically Adjusted PB Ratio Chart

PT Keramika Indonesia Assosiasi 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 0.43 0.45 0.15 0.25 0.26

PT Keramika Indonesia Assosiasi 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 0.21 0.23 0.26 0.26 0.27

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

For the Building Products & Equipment subindustry, PT Keramika Indonesia Assosiasi 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 Keramika Indonesia Assosiasi Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:KIAS
13GF Score
PT Keramika Indonesia Assosiasi Tbk ISX:KIAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Keramika Indonesia Assosiasi 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 Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.00/77.41
=0.27

* 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 Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Keramika Indonesia Assosiasi 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)
=47.36/136.5387*136.5387
=47.360

Current CPI (Mar. 2026) = 136.5387.

PT Keramika Indonesia Assosiasi Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 113.955 103.212 150.750
201609 112.382 104.142 147.341
201612 98.692 105.222 128.065
201703 97.529 106.476 125.066
201706 95.428 107.722 120.956
201709 93.926 108.020 118.723
201712 92.782 109.017 116.205
201803 91.137 110.097 113.026
201806 89.334 111.085 109.804
201809 87.852 111.135 107.934
201812 88.270 112.430 107.198
201903 86.750 112.829 104.980
201906 84.153 114.730 100.149
201909 67.489 114.905 80.196
201912 56.903 115.486 67.276
202003 56.336 116.252 66.167
202006 54.425 116.630 63.715
202009 53.129 116.397 62.323
202012 53.159 117.318 61.868
202103 53.178 117.840 61.616
202106 52.353 118.184 60.484
202109 52.150 118.262 60.210
202112 52.727 119.516 60.237
202203 52.842 120.948 59.653
202206 52.160 123.322 57.750
202209 52.676 125.298 57.401
202212 53.160 126.098 57.562
202303 52.841 126.953 56.831
202306 51.094 127.663 54.646
202309 50.304 128.151 53.596
202312 50.785 129.395 53.589
202403 50.722 130.607 53.026
202406 49.421 130.792 51.593
202409 48.771 130.361 51.082
202412 49.141 131.432 51.051
202503 48.113 131.948 49.787
202506 48.351 133.241 49.548
202509 47.973 133.819 48.948
202512 48.363 135.271 48.816
202603 47.360 136.539 47.360

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 0.27 mean?
PT Keramika Indonesia Assosiasi Tbk (ISX:KIAS) has a Cyclically Adjusted PB Ratio of 0.27 as of Jul. 26, 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 Keramika Indonesia Assosiasi Tbk and its competitors. This is 34% below median its historical median of 0.41. Over the past decade, PT Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.70.
Is PT Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted PB Ratio too high?
PT Keramika Indonesia Assosiasi Tbk's current Cyclically Adjusted PB Ratio of 0.27 is 34% below median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.70. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. PT Keramika Indonesia Assosiasi Tbk's value of 0.27 is 76.7% below this industry median. Overall, PT Keramika Indonesia Assosiasi Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted PB Ratio compare to TT and JCI?
PT Keramika Indonesia Assosiasi Tbk's Cyclically Adjusted PB Ratio of 0.27 can be compared against companies in the Construction industry. The industry median Cyclically Adjusted PB Ratio is 1.16. PT Keramika Indonesia Assosiasi Tbk's value of 0.27 is 76.7% below this benchmark. Historically, PT Keramika Indonesia Assosiasi Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.70 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 1.16, PT Keramika Indonesia Assosiasi 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 1.16, based on 1,359 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 Keramika Indonesia Assosiasi Tbk's current Cyclically Adjusted PB Ratio of 0.27 is 76.7% 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 Keramika Indonesia Assosiasi Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Keramika Indonesia Assosiasi Tbk's current Cyclically Adjusted PB Ratio is 0.27, which is 34% below median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Keramika Indonesia Assosiasi Tbk stock overvalued right now?
PT Keramika Indonesia Assosiasi Tbk (ISX:KIAS) has a current Cyclically Adjusted PB Ratio of 0.27. The stock's GF Value™ is Rp20.41, compared to a current price of Rp21.00 — trading 2.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.27, which is 34% below median its 10-year median of 0.41 and 76.7% below the Construction industry median of 1.16. PT Keramika Indonesia Assosiasi Tbk's overall GF Score™ is 13/100 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 Keramika Indonesia Assosiasi Tbk (ISX:KIAS), the current Cyclically Adjusted PB Ratio is 0.27 as of Jul. 26, 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 Keramika Indonesia Assosiasi Tbk (ISX:KIAS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Keramika Indonesia Assosiasi Tbk stock appears to be overvalued. The current stock price of Rp21.00 is trading 2.9% above its estimated GF Value™ of Rp20.41.

Key valuation signals for ISX:KIAS:

  • Cyclically Adjusted PB Ratio: 0.27 (34% below median its 10-year median of 0.41)
  • GF Value™: Rp20.41 vs. price of Rp21.00 (2.9% above fair value)
  • GF Score™: 13/100 with 2 warning signs
  • Industry Position: 76.7% below the Construction median

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


PT Keramika Indonesia Assosiasi Tbk Business Description

Address Jalan Buncit Raya No. 139 Kalibata, Graha Mobisel, 3rd Floor, Pancoran, South Jakarta, Jakarta, IDN, 12740
PT Keramika Indonesia Assosiasi Tbk is an Indonesia-based company engaged in the ceramic-based building materials industry, with operations encompassing the production of wall tiles, floor tiles, and related accessories. The Company, along with its subsidiaries, engages in the manufacturing of ceramic roof tiles and has market recognition under the brand names KIA and IMPRESSO. Its products include Tiles, Bathroom, Vinyl, Adhesive & Grout, Kitchen, and Roof Tile. The majority of the Company's revenue comes from the domestic market. The Company has two operating segments, Ceramics and Roof Tiles, of which Ceramics derives the maximum revenue.
13GF Score

Get the complete analysis for ISX:KIAS

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

Rp21.00
Price
Rp20.41
GF Value