PT Pan Brothers Tbk (ISX:PBRX) Cyclically Adjusted PB Ratio: 0.08 (As of Sep. 11, 2026) — 38% Below Median

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ISX:PBRX PT Pan Brothers Tbk ISX:PBRX
51 GF Score
Price Rp26.00
GF Value Rp21.04
Valuation Modestly Overvalued
! 4 Warning Signs
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What is PT Pan Brothers Tbk Cyclically Adjusted PB Ratio?

PT Pan Brothers Tbk ISX:PBRX -3.70% 51 Cyclically Adjusted PB Ratio is 0.08 as of Sep. 11, 2026, which is 38% below its 10-year median of 0.13. GuruFocus rates ISX:PBRX with a GF Score™ of 51/100 and a GF Value™ of Rp21.04 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, PT Pan Brothers Tbk ranks better than 97.95% on this metric.

As of today (2026-09-11), PT Pan Brothers Tbk's current share price is Rp26.00. PT Pan Brothers Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp343.41. PT Pan Brothers Tbk's Cyclically Adjusted PB Ratio for today is 0.08.

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

ISX:PBRX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.13   Max: 0.68
Current: 0.08

During the past years, PT Pan Brothers Tbk's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.04. And the median was 0.13.

ISX:PBRX's Cyclically Adjusted PB Ratio is ranked better than
97.95% of 635 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs ISX:PBRX: 0.08

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 Pan Brothers Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp62.498. 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 Rp343.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Pan Brothers Tbk  (ISX:PBRX) 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 Pan Brothers Tbk Cyclically Adjusted PB Ratio Related Terms


PT Pan Brothers Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Pan Brothers 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 0.31 0.19 0.13 0.06 0.10

PT Pan Brothers 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 0.06 0.11 0.10 0.12 0.07

ISX:PBRX vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, PT Pan Brothers 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 Pan Brothers Tbk Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Pan Brothers Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:PBRX
51GF Score
PT Pan Brothers Tbk ISX:PBRX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.00/343.41
=0.08

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

For example, PT Pan Brothers 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)
=62.498/137.6954*137.6954
=62.498

Current CPI (Jun. 2026) = 137.6954.

PT Pan Brothers Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 291.864 104.142 385.898
201612 301.008 105.222 393.905
201703 300.238 106.476 388.270
201706 303.835 107.722 388.378
201709 305.885 108.020 389.917
201712 317.833 109.017 401.444
201803 323.093 110.097 404.086
201806 333.021 111.085 412.797
201809 366.994 111.135 454.705
201812 367.259 112.430 449.790
201903 364.504 112.829 444.839
201906 372.827 114.730 447.455
201909 379.914 114.905 455.268
201912 381.921 115.486 455.370
202003 419.700 116.252 497.115
202006 405.060 116.630 478.222
202009 436.111 116.397 515.913
202012 418.442 117.318 491.122
202103 428.643 117.840 500.868
202106 440.824 118.184 513.602
202109 449.257 118.262 523.082
202112 447.696 119.516 515.794
202203 454.086 120.948 516.961
202206 464.395 123.322 518.519
202209 488.018 125.298 536.302
202212 572.736 126.098 625.413
202303 247.853 126.953 268.827
202306 245.595 127.663 264.895
202309 244.321 128.151 262.517
202312 248.080 129.395 263.994
202403 251.218 130.607 264.852
202406 -70.812 130.792 -74.550
202409 -71.671 130.361 -75.703
202412 -77.371 131.432 -81.058
202503 112.928 131.948 117.847
202506 111.835 133.241 115.574
202509 112.692 133.819 115.956
202512 61.662 135.271 62.767
202603 62.224 136.539 62.751
202606 62.498 137.695 62.498

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 0.08 mean?
PT Pan Brothers Tbk (ISX:PBRX) has a Cyclically Adjusted PB Ratio of 0.08 as of Sep. 11, 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 Pan Brothers Tbk and its competitors. This is 38% below median its historical median of 0.13. Over the past decade, PT Pan Brothers Tbk's Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.68. According to the industry distribution chart, PT Pan Brothers Tbk ranks #13 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2%.
Is PT Pan Brothers Tbk's Cyclically Adjusted PB Ratio too high?
PT Pan Brothers Tbk's current Cyclically Adjusted PB Ratio of 0.08 is 38% below median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.68. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. PT Pan Brothers Tbk's value of 0.08 is 91.6% below this industry median. Based on the distribution chart, PT Pan Brothers Tbk ranks #13 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, PT Pan Brothers Tbk has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Pan Brothers Tbk's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Pan Brothers Tbk ranks #13 out of 635 companies for Cyclically Adjusted PB Ratio. This places PT Pan Brothers Tbk in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.95. PT Pan Brothers Tbk's value of 0.08 is 91.6% below this benchmark. Historically, PT Pan Brothers Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 0.68 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 0.95, PT Pan Brothers 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 635 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 Pan Brothers Tbk's current Cyclically Adjusted PB Ratio of 0.08 is 91.6% 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 Pan Brothers Tbk and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pan Brothers Tbk's current Cyclically Adjusted PB Ratio is 0.08, which is 38% below median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pan Brothers Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pan Brothers Tbk (ISX:PBRX) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp21.04, compared to a current price of Rp26.00 — trading 23.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.08, which is 38% below median its 10-year median of 0.13 and 91.6% below the Manufacturing - Apparel & Accessories industry median of 0.95. PT Pan Brothers Tbk's overall GF Score™ is 51/100 with 4 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 Pan Brothers Tbk (ISX:PBRX), the current Cyclically Adjusted PB Ratio is 0.08 as of Sep. 11, 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 Pan Brothers Tbk (ISX:PBRX) Overvalued in 2026?

Based on GuruFocus' analysis, PT Pan Brothers Tbk stock appears to be overvalued. The current stock price of Rp26.00 is trading 23.6% above its estimated GF Value™ of Rp21.04. GuruFocus considers PT Pan Brothers Tbk to be Modestly Overvalued.

Key valuation signals for ISX:PBRX:

  • Cyclically Adjusted PB Ratio: 0.08 (38% below median its 10-year median of 0.13)
  • GF Value™: Rp21.04 vs. price of Rp26.00 (23.6% above fair value)
  • GF Score™: 51/100 with 4 warning signs
  • Industry Position: 91.6% below the Manufacturing - Apparel & Accessories median (#13 of 635)

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


PT Pan Brothers Tbk Business Description

Address Jalan Siliwangi No. 178, Alam Jaya, Jatiuwung, Tangerang, IDN, 15133
PT Pan Brothers Tbk is an apparel manufacturer based in Indonesia. It manufactures all kinds of garments using various fabrics, ranging from performance wear to woven garments, catering to the needs of international and local apparel brands. Additionally, through its subsidiary, the company is involved in the retailing of garments through brands like Salt and Pepper, Zoe the Label, and Wastu. Its product portfolio comprises activewear jackets, ski outerwear, pants, shorts, shirts, dresses, etc. The company's export markets are spread across the globe, including the United States, Europe, Asia, Australia, New Zealand, and other countries. Geographically, it derives maximum revenue from Asia, followed by America, Europe, and other regions, through the sale of garments.
51GF Score

Get the complete analysis for ISX:PBRX

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

Rp26.00
Price
Rp21.04
GF Value