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PT Perusahaan Gas Negara Tbk (ISX:PGAS) Cyclically Adjusted PB Ratio : 0.81 (As of Jun. 27, 2025)


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What is PT Perusahaan Gas Negara Tbk Cyclically Adjusted PB Ratio?

As of today (2025-06-27), PT Perusahaan Gas Negara Tbk's current share price is Rp1550.00. PT Perusahaan Gas Negara Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was Rp1,905.03. PT Perusahaan Gas Negara Tbk's Cyclically Adjusted PB Ratio for today is 0.81.

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

ISX:PGAS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.88   Max: 2.09
Current: 0.83

During the past years, PT Perusahaan Gas Negara Tbk's highest Cyclically Adjusted PB Ratio was 2.09. The lowest was 0.46. And the median was 0.88.

ISX:PGAS's Cyclically Adjusted PB Ratio is ranked better than
76.94% of 412 companies
in the Utilities - Regulated industry
Industry Median: 1.48 vs ISX:PGAS: 0.83

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 Perusahaan Gas Negara Tbk's adjusted book value per share data for the three months ended in Mar. 2025 was Rp1,966.174. 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 Rp1,905.03 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Perusahaan Gas Negara Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Perusahaan Gas Negara 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.

* Premium members only.

PT Perusahaan Gas Negara Tbk Cyclically Adjusted PB Ratio Chart

PT Perusahaan Gas Negara Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.83 0.98 0.61 0.84

PT Perusahaan Gas Negara Tbk Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.72 0.81 0.76 0.84 0.82

Competitive Comparison of PT Perusahaan Gas Negara Tbk's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, PT Perusahaan Gas Negara 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 Perusahaan Gas Negara Tbk's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PT Perusahaan Gas Negara Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Perusahaan Gas Negara Tbk's Cyclically Adjusted PB Ratio falls into.


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PT Perusahaan Gas Negara 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 Perusahaan Gas Negara Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1550.00/1905.03
=0.81

* 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 Perusahaan Gas Negara Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PT Perusahaan Gas Negara Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1966.174/131.9484*131.9484
=1,966.174

Current CPI (Mar. 2025) = 131.9484.

PT Perusahaan Gas Negara Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201506 1,557.880 99.766 2,060.417
201509 1,727.896 101.037 2,256.540
201512 1,724.046 102.133 2,227.346
201603 1,703.433 102.764 2,187.201
201606 1,659.746 103.212 2,121.848
201609 1,680.198 104.142 2,128.811
201612 2,037.334 105.222 2,554.819
201703 1,796.634 106.476 2,226.447
201706 1,691.101 107.722 2,071.435
201709 1,716.942 108.020 2,097.268
201712 2,091.751 109.017 2,531.747
201803 1,840.466 110.097 2,205.761
201806 1,864.524 111.085 2,214.715
201809 2,022.942 111.135 2,401.810
201812 1,539.458 112.430 1,806.717
201903 1,552.344 112.829 1,815.404
201906 1,482.392 114.730 1,704.863
201909 1,512.240 114.905 1,736.551
201912 1,480.421 115.486 1,691.455
202003 1,635.787 116.252 1,856.647
202006 1,471.092 116.630 1,664.311
202009 1,553.781 116.397 1,761.382
202012 1,305.629 117.318 1,468.449
202103 1,359.022 117.840 1,521.734
202106 1,435.472 118.184 1,602.657
202109 1,484.171 118.262 1,655.938
202112 1,492.708 119.516 1,647.982
202203 1,565.741 120.948 1,708.145
202206 1,551.904 123.322 1,660.455
202209 1,623.896 125.298 1,710.082
202212 1,696.799 126.098 1,775.527
202303 1,723.028 126.953 1,790.833
202306 1,578.741 127.663 1,631.738
202309 1,656.691 128.151 1,705.777
202312 1,727.341 129.395 1,761.431
202403 1,816.946 130.607 1,835.607
202406 1,784.461 130.792 1,800.244
202409 1,736.831 130.361 1,757.982
202412 1,869.436 131.432 1,876.788
202503 1,966.174 131.948 1,966.174

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.


PT Perusahaan Gas Negara Tbk  (ISX:PGAS) 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 Perusahaan Gas Negara Tbk Cyclically Adjusted PB Ratio Related Terms

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PT Perusahaan Gas Negara Tbk Business Description

Traded in Other Exchanges
Address
Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140
PT Perusahaan Gas Negara Tbk, or PGN, is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is primarily involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.