PT J Resources Asia Pasifik Tbk (ISX:PSAB) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:PSAB PT J Resources Asia Pasifik Tbk ISX:PSAB
79 GF Score
Price Rp560.00
GF Value Rp424.17
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PT J Resources Asia Pasifik Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT J Resources Asia Pasifik Tbk  (ISX:PSAB) 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 J Resources Asia Pasifik Tbk Cyclically Adjusted PB Ratio Related Terms


PT J Resources Asia Pasifik Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT J Resources Asia Pasifik 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 J Resources Asia Pasifik Tbk Cyclically Adjusted PB Ratio Chart

PT J Resources Asia Pasifik 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 0.74 0.52 0.41 1.04 2.30

PT J Resources Asia Pasifik 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 1.96 2.36 2.29 1.85 1.54

ISX:PSAB vs NEM, AU, RGLD: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, PT J Resources Asia Pasifik 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 J Resources Asia Pasifik Tbk Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT J Resources Asia Pasifik Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT J Resources Asia Pasifik Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:PSAB
79GF Score
PT J Resources Asia Pasifik Tbk ISX:PSAB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT J Resources Asia Pasifik 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 J Resources Asia Pasifik Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT J Resources Asia Pasifik 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)
=294.29/137.6954*137.6954
=294.290

Current CPI (Jun. 2026) = 137.6954.

PT J Resources Asia Pasifik Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 104.142 0.000
201612 174.178 105.222 227.933
201703 173.233 106.476 224.026
201706 176.677 107.722 225.838
201709 179.907 108.020 229.330
201712 179.477 109.017 226.691
201803 183.791 110.097 229.864
201806 196.062 111.085 243.029
201809 204.662 111.135 253.576
201812 201.007 112.430 246.178
201903 202.158 112.829 246.713
201906 201.035 114.730 241.276
201909 205.136 114.905 245.824
201912 185.609 115.486 221.304
202003 216.611 116.252 256.566
202006 186.783 116.630 220.520
202009 198.405 116.397 234.710
202012 198.512 117.318 232.992
202103 215.803 117.840 252.165
202106 215.511 118.184 251.091
202109 208.182 118.262 242.392
202112 214.778 119.516 247.447
202203 217.204 120.948 247.279
202206 224.725 123.322 250.916
202209 230.392 125.298 253.187
202212 224.131 126.098 244.745
202303 207.245 126.953 224.782
202306 207.029 127.663 223.299
202309 218.759 128.151 235.051
202312 222.843 129.395 237.138
202403 232.254 130.607 244.859
202406 248.341 130.792 261.450
202409 226.502 130.361 239.246
202412 244.822 131.432 256.490
202503 261.863 131.948 273.268
202506 264.885 133.241 273.741
202509 278.127 133.819 286.184
202512 286.443 135.271 291.577
202603 466.467 136.539 470.419
202606 294.290 137.695 294.290

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 J Resources Asia Pasifik Tbk (ISX:PSAB) Overvalued in 2026?

Based on GuruFocus' analysis, PT J Resources Asia Pasifik Tbk stock appears to be overvalued. The current stock price of Rp560.00 is trading 32% above its estimated GF Value™ of Rp424.17. GuruFocus considers PT J Resources Asia Pasifik Tbk to be Significantly Overvalued.

Key valuation signals for ISX:PSAB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp424.17 vs. price of Rp560.00 (32% above fair value)
  • GF Score™: 79/100 with 6 warning signs

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


PT J Resources Asia Pasifik Tbk Business Description

Other Exchanges J5R:Germany
Address Jalan Jenderal Sudirman Kav. 52-53, Equity Tower, Lantai 48th Floor, Sudirman Central Business District (SCBD), Lot. 9, Jakarta Selatan, Jakarta, IDN, 12190
PT J Resources Asia Pasifik Tbk is a holding company based in Indonesia engaged in gold mining. The company, through its subsidiary, operates mines, explores, and invests in gold mines in Indonesia and Malaysia. The projects operated include both operating mines are development-stage mines. It derives revenue from the sales of gold. Some of the company's projects are Doup, Pani, Penjom, Bakan, Seruyung, and North Lanut.
79GF Score

Get the complete analysis for ISX:PSAB

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

Rp560.00
Price
Rp424.17
GF Value