PT Mulia Industrindo Tbk (ISX:MLIA) Cyclically Adjusted PB Ratio: 0.39 (As of Aug. 13, 2026) — 51% Below Median

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ISX:MLIA PT Mulia Industrindo Tbk ISX:MLIA
58 GF Score
Price Rp230.00
GF Value Rp312.04
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PT Mulia Industrindo Tbk Cyclically Adjusted PB Ratio?

PT Mulia Industrindo Tbk ISX:MLIA -0.86% 58 Cyclically Adjusted PB Ratio is 0.39 as of Aug. 13, 2026, which is 51% below its 10-year median of 0.80. GuruFocus rates ISX:MLIA with a GF Score™ of 58/100 and a GF Value™ of Rp312.04 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,332 Construction companies, PT Mulia Industrindo Tbk ranks better than 82.73% on this metric.

As of today (2026-08-13), PT Mulia Industrindo Tbk's current share price is Rp230.00. PT Mulia Industrindo Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp585.13. PT Mulia Industrindo Tbk's Cyclically Adjusted PB Ratio for today is 0.39.

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

ISX:MLIA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.8   Max: 1.87
Current: 0.4

During the past years, PT Mulia Industrindo Tbk's highest Cyclically Adjusted PB Ratio was 1.87. The lowest was 0.39. And the median was 0.80.

ISX:MLIA's Cyclically Adjusted PB Ratio is ranked better than
82.73% of 1332 companies
in the Construction industry
Industry Median: 1.15 vs ISX:MLIA: 0.40

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 Mulia Industrindo Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp792.002. 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 Rp585.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Mulia Industrindo Tbk  (ISX:MLIA) 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 Mulia Industrindo Tbk Cyclically Adjusted PB Ratio Related Terms


PT Mulia Industrindo Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Mulia Industrindo 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 0.00 1.48 1.03 0.65 0.62

PT Mulia Industrindo 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 0.57 0.66 0.62 0.50 0.41

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

For the Building Products & Equipment subindustry, PT Mulia Industrindo 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 Mulia Industrindo Tbk Cyclically Adjusted PB Ratio vs Construction Industry

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

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


ISX:MLIA
58GF Score
PT Mulia Industrindo Tbk ISX:MLIA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Mulia Industrindo 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 Mulia Industrindo Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=230.00/585.13
=0.39

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

For example, PT Mulia Industrindo 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)
=792.002/137.6954*137.6954
=792.002

Current CPI (Jun. 2026) = 137.6954.

PT Mulia Industrindo Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 171.210 104.142 226.371
201612 253.633 105.222 331.909
201703 252.478 106.476 326.506
201706 0.000 107.722 0.000
201709 233.667 108.020 297.859
201712 275.834 109.017 348.396
201803 287.235 110.097 359.239
201806 289.567 111.085 358.934
201809 298.284 111.135 369.573
201812 352.418 112.430 431.614
201903 361.117 112.829 440.706
201906 363.988 114.730 436.846
201909 362.920 114.905 434.904
201912 382.913 115.486 456.552
202003 376.953 116.252 446.483
202006 374.015 116.630 441.569
202009 382.713 116.397 452.744
202012 416.277 117.318 488.581
202103 424.546 117.840 496.081
202106 441.804 118.184 514.743
202109 470.726 118.262 548.079
202112 525.626 119.516 605.578
202203 554.168 120.948 630.901
202206 588.060 123.322 656.597
202209 621.798 125.298 683.319
202212 677.723 126.098 740.056
202303 698.738 126.953 757.866
202306 690.487 127.663 744.750
202309 715.962 128.151 769.283
202312 749.537 129.395 797.620
202403 765.535 130.607 807.083
202406 760.784 130.792 800.942
202409 774.373 130.361 817.942
202412 810.025 131.432 848.630
202503 814.116 131.948 849.575
202506 807.422 133.241 834.418
202509 806.185 133.819 829.538
202512 815.993 135.271 830.617
202603 808.915 136.539 815.768
202606 792.002 137.695 792.002

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 0.39 mean?
PT Mulia Industrindo Tbk (ISX:MLIA) has a Cyclically Adjusted PB Ratio of 0.39 as of Aug. 13, 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 Mulia Industrindo Tbk and its competitors. This is 51% below median its historical median of 0.80. Over the past decade, PT Mulia Industrindo Tbk's Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.87. According to the industry distribution chart, PT Mulia Industrindo Tbk ranks #230 out of 1332 companies in the Construction industry, placing it in the top 17.3%.
Is PT Mulia Industrindo Tbk's Cyclically Adjusted PB Ratio too high?
PT Mulia Industrindo Tbk's current Cyclically Adjusted PB Ratio of 0.39 is 51% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.87. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. PT Mulia Industrindo Tbk's value of 0.39 is 66.1% below this industry median. Based on the distribution chart, PT Mulia Industrindo Tbk ranks #230 out of 1332 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PT Mulia Industrindo Tbk has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mulia Industrindo Tbk's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, PT Mulia Industrindo Tbk ranks #230 out of 1332 companies for Cyclically Adjusted PB Ratio. This places PT Mulia Industrindo Tbk in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.15. PT Mulia Industrindo Tbk's value of 0.39 is 66.1% below this benchmark. Historically, PT Mulia Industrindo Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.87 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.15, PT Mulia Industrindo 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 1.15, based on 1,332 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 Mulia Industrindo Tbk's current Cyclically Adjusted PB Ratio of 0.39 is 66.1% 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 Mulia Industrindo Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mulia Industrindo Tbk's current Cyclically Adjusted PB Ratio is 0.39, which is 51% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mulia Industrindo Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mulia Industrindo Tbk (ISX:MLIA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp312.04, compared to a current price of Rp230.00 — trading 26.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.39, which is 51% below median its 10-year median of 0.80 and 66.1% below the Construction industry median of 1.15. PT Mulia Industrindo Tbk's overall GF Score™ is 58/100 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 Mulia Industrindo Tbk (ISX:MLIA), the current Cyclically Adjusted PB Ratio is 0.39 as of Aug. 13, 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 Mulia Industrindo Tbk (ISX:MLIA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mulia Industrindo Tbk stock appears to be undervalued. The current stock price of Rp230.00 is trading 26.3% below its estimated GF Value™ of Rp312.04. GuruFocus considers PT Mulia Industrindo Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MLIA:

  • Cyclically Adjusted PB Ratio: 0.39 (51% below median its 10-year median of 0.80)
  • GF Value™: Rp312.04 vs. price of Rp230.00 (26.3% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 66.1% below the Construction median (#230 of 1332)

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


PT Mulia Industrindo Tbk Business Description

Address Jalan H.R. Rasuna Said Kav, 8th Floor, Atrium Mulia Building, B 10-11 Setiabudi, South Jakarta, Jakarta, IDN, 12910
PT Mulia Industrindo Tbk is an Indonesian company. The company operates in below business segments, namely, Float glass, Safety glass, Glass container, and glass block. The majority of its revenues are derived from its Float glass business unit from the Indonesian market. The group operates in Indonesia, Asia, Australia, Europe, America, and Africa.
58GF Score

Get the complete analysis for ISX:MLIA

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

Rp230.00
Price
Rp312.04
GF Value