PT Modern Internasional Tbk (ISX:MDRN) Cyclically Adjusted PB Ratio: (As of Aug. 11, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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ISX:MDRN PT Modern Internasional Tbk ISX:MDRN
24 GF Score
Price Rp26.00
GF Value Rp5.60
Valuation Significantly Overvalued
! 4 Warning Signs
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What is PT Modern Internasional Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Modern Internasional Tbk  (ISX:MDRN) 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 Modern Internasional Tbk Cyclically Adjusted PB Ratio Related Terms


PT Modern Internasional Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Modern Internasional 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 0.42 0.53 0.11 0.52 0.00

PT Modern Internasional Tbk Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.52 4.08 0.00 0.00 0.00

PT Modern Internasional Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, PT Modern Internasional 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 Modern Internasional Tbk Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, PT Modern Internasional Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:MDRN
24GF Score
PT Modern Internasional Tbk ISX:MDRN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Modern Internasional 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 Modern Internasional Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, PT Modern Internasional Tbk's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-31.324/135.2711*135.2711
=-31.324

Current CPI (Dec. 2025) = 135.2711.

PT Modern Internasional Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 102.764 0.000
201606 268.793 103.212 352.283
201609 245.262 104.142 318.572
201612 141.104 105.222 181.400
201703 42.888 106.476 54.487
201706 0.000 107.722 0.000
201709 -31.972 108.020 -40.038
201712 -89.753 109.017 -111.368
201803 -91.964 110.097 -112.992
201806 -91.573 111.085 -111.511
201809 -66.019 111.135 -80.357
201812 -80.106 112.430 -96.380
201903 -82.438 112.829 -98.836
201906 -83.791 114.730 -98.793
201909 -39.254 114.905 -46.212
201912 -43.284 115.486 -50.699
202003 -44.196 116.252 -51.426
202006 -46.287 116.630 -53.685
202009 -47.877 116.397 -55.641
202012 -70.484 117.318 -81.270
202103 -71.096 117.840 -81.613
202106 -71.557 118.184 -81.903
202109 -71.785 118.262 -82.110
202112 -53.853 119.516 -60.952
202203 -53.444 120.948 -59.773
202206 -53.727 123.322 -58.933
202209 -49.639 125.298 -53.590
202212 -42.566 126.098 -45.663
202303 -42.524 126.953 -45.310
202306 -42.654 127.663 -45.196
202309 -42.226 128.151 -44.572
202312 -41.004 129.395 -42.866
202403 -39.945 130.607 -41.371
202406 -39.584 130.792 -40.940
202409 -39.630 130.361 -41.123
202412 -40.513 131.432 -41.697
202503 -40.485 131.948 -41.504
202506 -38.173 133.241 -38.755
202509 -36.620 133.819 -37.017
202512 -31.324 135.271 -31.324

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.

Is PT Modern Internasional Tbk (ISX:MDRN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Modern Internasional Tbk stock appears to be overvalued. The current stock price of Rp26.00 is trading 364.3% above its estimated GF Value™ of Rp5.60. GuruFocus considers PT Modern Internasional Tbk to be Significantly Overvalued.

Key valuation signals for ISX:MDRN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp5.60 vs. price of Rp26.00 (364.3% above fair value)
  • GF Score™: 24/100 with 4 warning signs

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


PT Modern Internasional Tbk Business Description

Address Jalan Sultan Hasanudin No 72, RT.2/RW.1, Melawai, Kec. Kby. Baru, Kota Jakarta Selatan, Daerah Khusus Ibukota, Jakarta South, IDN, 12160
PT Modern Internasional Tbk is an Indonesia-based company that engages in the business of Industrial Imaging products such as medical equipment, graphic art, and document solutions by carrying various brands comprising technical/ mechanical/ electrical/ photocopy machines and spare parts. It operates in one business segment which is photocopy products.
24GF Score

Get the complete analysis for ISX:MDRN

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

Rp26.00
Price
Rp5.60
GF Value