PT Midi Utama Indonesia Tbk (ISX:MIDI) Cyclically Adjusted PB Ratio: 3.72 (As of Aug. 09, 2026) — 43% Below Median

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ISX:MIDI PT Midi Utama Indonesia Tbk ISX:MIDI
88 GF Score
Price Rp278.00
GF Value Rp460.95
Valuation Significantly Undervalued
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What is PT Midi Utama Indonesia Tbk Cyclically Adjusted PB Ratio?

PT Midi Utama Indonesia Tbk ISX:MIDI 88 Cyclically Adjusted PB Ratio is 3.72 as of Aug. 09, 2026, which is 43% below its 10-year median of 6.49. GuruFocus rates ISX:MIDI with a GF Score™ of 88/100 and a GF Value™ of Rp460.95 (Significantly Undervalued). Among 233 Retail - Defensive companies, PT Midi Utama Indonesia Tbk ranks worse than 74.25% on this metric.

As of today (2026-08-09), PT Midi Utama Indonesia Tbk's current share price is Rp278.00. PT Midi Utama Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp74.64. PT Midi Utama Indonesia Tbk's Cyclically Adjusted PB Ratio for today is 3.72.

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

ISX:MIDI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.57   Med: 6.49   Max: 12.5
Current: 3.72

During the past years, PT Midi Utama Indonesia Tbk's highest Cyclically Adjusted PB Ratio was 12.50. The lowest was 3.57. And the median was 6.49.

ISX:MIDI's Cyclically Adjusted PB Ratio is ranked worse than
74.25% of 233 companies
in the Retail - Defensive industry
Industry Median: 1.63 vs ISX:MIDI: 3.72

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 Midi Utama Indonesia Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp138.526. 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 Rp74.64 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Midi Utama Indonesia Tbk  (ISX:MIDI) 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 Midi Utama Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Midi Utama Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Midi Utama 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.

PT Midi Utama Indonesia Tbk Cyclically Adjusted PB Ratio Chart

PT Midi Utama Indonesia 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 6.54 7.46 9.39 7.67 5.74

PT Midi Utama Indonesia 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 6.79 6.71 5.74 4.23 3.46

ISX:MIDI vs KR, SFM: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, PT Midi Utama 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 Midi Utama Indonesia Tbk Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, PT Midi Utama Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:MIDI
88GF Score
PT Midi Utama Indonesia Tbk ISX:MIDI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=278.00/74.64
=3.72

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

For example, PT Midi Utama Indonesia 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)
=138.526/137.6954*137.6954
=138.526

Current CPI (Jun. 2026) = 137.6954.

PT Midi Utama Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.956 104.142 34.319
201612 29.436 105.222 38.521
201703 30.040 106.476 38.848
201706 28.622 107.722 36.586
201709 28.974 108.020 36.934
201712 30.349 109.017 38.333
201803 31.030 110.097 38.809
201806 31.104 111.085 38.555
201809 32.006 111.135 39.655
201812 35.527 112.430 43.511
201903 36.446 112.829 44.479
201906 36.881 114.730 44.263
201909 38.605 114.905 46.262
201912 40.137 115.486 47.856
202003 41.519 116.252 49.177
202006 41.521 116.630 49.020
202009 42.648 116.397 50.452
202012 45.980 117.318 53.966
202103 47.490 117.840 55.492
202106 48.291 118.184 56.264
202109 50.458 118.262 58.750
202112 54.824 119.516 63.163
202203 56.068 120.948 63.832
202206 56.785 123.322 63.403
202209 60.574 125.298 66.567
202212 65.310 126.098 71.317
202303 73.058 126.953 79.240
202306 73.777 127.663 79.575
202309 109.168 128.151 117.298
202312 111.854 129.395 119.029
202403 116.597 130.607 122.925
202406 116.915 130.792 123.086
202409 121.167 130.361 127.984
202412 123.500 131.432 129.386
202503 129.194 131.948 134.821
202506 124.057 133.241 128.205
202509 130.045 133.819 133.812
202512 135.841 135.271 138.276
202603 143.784 136.539 145.002
202606 138.526 137.695 138.526

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 3.72 mean?
PT Midi Utama Indonesia Tbk (ISX:MIDI) has a Cyclically Adjusted PB Ratio of 3.72 as of Aug. 09, 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 Midi Utama Indonesia Tbk and its competitors. This is 43% below median its historical median of 6.49. Over the past decade, PT Midi Utama Indonesia Tbk's Cyclically Adjusted PB Ratio has ranged from 3.57 to 12.50. According to the industry distribution chart, PT Midi Utama Indonesia Tbk ranks #173 out of 233 companies in the Retail - Defensive industry, placing it in the top 74.2%.
Is PT Midi Utama Indonesia Tbk's Cyclically Adjusted PB Ratio too high?
PT Midi Utama Indonesia Tbk's current Cyclically Adjusted PB Ratio of 3.72 is 43% below median its 10-year median of 6.49. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 12.50. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.63. PT Midi Utama Indonesia Tbk's value of 3.72 is 128.2% above this industry median. Based on the distribution chart, PT Midi Utama Indonesia Tbk ranks #173 out of 233 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, PT Midi Utama Indonesia Tbk has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Midi Utama Indonesia Tbk's Cyclically Adjusted PB Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, PT Midi Utama Indonesia Tbk ranks #173 out of 233 companies for Cyclically Adjusted PB Ratio. This places PT Midi Utama Indonesia Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. PT Midi Utama Indonesia Tbk's value of 3.72 is 128.2% above this benchmark. Historically, PT Midi Utama Indonesia Tbk's own Cyclically Adjusted PB Ratio has ranged from 3.57 to 12.50 over the past decade. While the company's 10-year median is 6.49 vs. the industry median of 1.63, PT Midi Utama Indonesia Tbk has consistently been above 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.63, based on 233 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 Midi Utama Indonesia Tbk's current Cyclically Adjusted PB Ratio of 3.72 is 128.2% above 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 Midi Utama Indonesia Tbk and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Midi Utama Indonesia Tbk's current Cyclically Adjusted PB Ratio is 3.72, which is 43% below median its own 10-year median of 6.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Midi Utama Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Midi Utama Indonesia Tbk (ISX:MIDI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp460.95, compared to a current price of Rp278.00 — trading 39.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.72, which is 43% below median its 10-year median of 6.49 and 128.2% above the Retail - Defensive industry median of 1.63. PT Midi Utama Indonesia Tbk's overall GF Score™ is 88/100. 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 Midi Utama Indonesia Tbk (ISX:MIDI), the current Cyclically Adjusted PB Ratio is 3.72 as of Aug. 09, 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 Midi Utama Indonesia Tbk (ISX:MIDI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Midi Utama Indonesia Tbk stock appears to be undervalued. The current stock price of Rp278.00 is trading 39.7% below its estimated GF Value™ of Rp460.95. GuruFocus considers PT Midi Utama Indonesia Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MIDI:

  • Cyclically Adjusted PB Ratio: 3.72 (43% below median its 10-year median of 6.49)
  • GF Value™: Rp460.95 vs. price of Rp278.00 (39.7% below fair value)
  • GF Score™: 88/100
  • Industry Position: 128.2% above the Retail - Defensive median (#173 of 233)

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


PT Midi Utama Indonesia Tbk Business Description

Address Jalan Jalur Sutera Barat, Lantai 12, Kav. 7-9, Gedung Alfa Tower, Alam Sutera, Banten, Tangerang, IDN, 15143
PT Midi Utama Indonesia Tbk is engaged in retail trading for consumer products. It operates under the business segments of Food, Fresh Food, and Non-Food items through minimarkets networks under the Alfamidi and Alfaexpress names, convenience stores under the Lawson name, and supermarket network under the Alfamidi Super name. The company designs its segment based on the location of warehouses which are situated in Jabodetabek, Java - excluding Jabodetabek, and excluding Java. The company generates the majority of its revenue from Jabodetabek. Product-wise, it generates the majority of its revenue from the sale of Food.
88GF Score

Get the complete analysis for ISX:MIDI

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

Rp278.00
Price
Rp460.95
GF Value