PT SMR Utama Tbk (ISX:SMRU) Cyclically Adjusted PB Ratio: 1.14 (As of Sep. 01, 2026) — 48% Above Median

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ISX:SMRU PT SMR Utama Tbk ISX:SMRU
11 GF Score
Price Rp50.00
GF Value Rp37.23
! 5 Warning Signs
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What is PT SMR Utama Tbk Cyclically Adjusted PB Ratio?

PT SMR Utama Tbk ISX:SMRU 11 Cyclically Adjusted PB Ratio is 1.14 as of Sep. 01, 2026, which is 48% above its 10-year median of 0.77. GuruFocus rates ISX:SMRU with a GF Score™ of 11/100 and a GF Value™ of Rp37.23. The stock has 5 warning signs investors should review.

As of today (2026-09-01), PT SMR Utama Tbk's current share price is Rp50.00. PT SMR Utama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp43.82. PT SMR Utama Tbk's Cyclically Adjusted PB Ratio for today is 1.14.

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

ISX:SMRU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.77   Max: 1.14
Current: 1.14

During the past years, PT SMR Utama Tbk's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.59. And the median was 0.77.

ISX:SMRU's Cyclically Adjusted PB Ratio is not ranked
in the Other Energy Sources industry.
Industry Median: 1.255 vs ISX:SMRU: 1.14

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 SMR Utama Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp-2.972. 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 Rp43.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT SMR Utama Tbk  (ISX:SMRU) 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 SMR Utama Tbk Cyclically Adjusted PB Ratio Related Terms


PT SMR Utama Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT SMR Utama 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 SMR Utama Tbk Cyclically Adjusted PB Ratio Chart

PT SMR Utama 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 0.59 0.70 0.81 1.02

PT SMR Utama 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 0.90 0.97 1.02 1.08 1.14

PT SMR Utama Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, PT SMR Utama 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 SMR Utama Tbk Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT SMR Utama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:SMRU
11GF Score
PT SMR Utama Tbk ISX:SMRU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT SMR Utama 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 SMR Utama Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.00/43.82
=1.14

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

For example, PT SMR Utama 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)
=-2.972/137.6954*137.6954
=-2.972

Current CPI (Jun. 2026) = 137.6954.

PT SMR Utama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 85.288 104.142 112.766
201612 77.332 105.222 101.198
201703 76.897 106.476 99.444
201706 76.301 107.722 97.532
201709 77.419 108.020 98.687
201712 81.957 109.017 103.517
201803 61.845 110.097 77.348
201806 60.370 111.085 74.832
201809 58.183 111.135 72.089
201812 76.678 112.430 93.909
201903 74.067 112.829 90.391
201906 70.573 114.730 84.699
201909 68.657 114.905 82.275
201912 61.924 115.486 73.833
202003 54.516 116.252 64.572
202006 52.070 116.630 61.475
202009 48.192 116.397 57.010
202012 35.797 117.318 42.015
202103 33.792 117.840 39.486
202106 34.811 118.184 40.558
202109 34.457 118.262 40.119
202112 16.995 119.516 19.580
202203 14.073 120.948 16.022
202206 12.578 123.322 14.044
202209 11.851 125.298 13.024
202212 15.651 126.098 17.090
202303 13.846 126.953 15.018
202306 12.877 127.663 13.889
202309 11.938 128.151 12.827
202312 8.947 129.395 9.521
202403 8.397 130.607 8.853
202406 5.667 130.792 5.966
202409 4.061 130.361 4.289
202412 1.585 131.432 1.661
202503 -0.299 131.948 -0.312
202506 -0.701 133.241 -0.724
202509 -1.590 133.819 -1.636
202512 0.044 135.271 0.045
202603 -1.091 136.539 -1.100
202606 -2.972 137.695 -2.972

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 1.14 mean?
PT SMR Utama Tbk (ISX:SMRU) has a Cyclically Adjusted PB Ratio of 1.14 as of Sep. 01, 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 SMR Utama Tbk and its competitors. This is 48% above median its historical median of 0.77. Over the past decade, PT SMR Utama Tbk's Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.14.
Is PT SMR Utama Tbk's Cyclically Adjusted PB Ratio too high?
PT SMR Utama Tbk's current Cyclically Adjusted PB Ratio of 1.14 is 48% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.14. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.26. PT SMR Utama Tbk's value of 1.14 is 9.2% below this industry median. Overall, PT SMR Utama Tbk has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does PT SMR Utama Tbk's Cyclically Adjusted PB Ratio compare to competitors?
PT SMR Utama Tbk's Cyclically Adjusted PB Ratio of 1.14 can be compared against companies in the Other Energy Sources industry. The industry median Cyclically Adjusted PB Ratio is 1.26. PT SMR Utama Tbk's value of 1.14 is 9.2% below this benchmark. Historically, PT SMR Utama Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.14 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.26, PT SMR Utama 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 an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.26, based on 130 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 SMR Utama Tbk's current Cyclically Adjusted PB Ratio of 1.14 is 9.2% 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 SMR Utama Tbk and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT SMR Utama Tbk's current Cyclically Adjusted PB Ratio is 1.14, which is 48% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT SMR Utama Tbk stock overvalued right now?
PT SMR Utama Tbk (ISX:SMRU) has a current Cyclically Adjusted PB Ratio of 1.14. The stock's GF Value™ is Rp37.23, compared to a current price of Rp50.00 — trading 34.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.14, which is 48% above median its 10-year median of 0.77 and 9.2% below the Other Energy Sources industry median of 1.26. PT SMR Utama Tbk's overall GF Score™ is 11/100 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 SMR Utama Tbk (ISX:SMRU), the current Cyclically Adjusted PB Ratio is 1.14 as of Sep. 01, 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 SMR Utama Tbk (ISX:SMRU) Overvalued in 2026?

Based on GuruFocus' analysis, PT SMR Utama Tbk stock appears to be overvalued. The current stock price of Rp50.00 is trading 34.3% above its estimated GF Value™ of Rp37.23.

Key valuation signals for ISX:SMRU:

  • Cyclically Adjusted PB Ratio: 1.14 (48% above median its 10-year median of 0.77)
  • GF Value™: Rp37.23 vs. price of Rp50.00 (34.3% above fair value)
  • GF Score™: 11/100 with 5 warning signs
  • Industry Position: 9.2% below the Other Energy Sources median

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


PT SMR Utama Tbk Business Description

Address Jalan Griya Utama, RT.002/ RW.005, Ruko Puri Mutiara A12 & A15, Kelurahan Sunter Agung, Kecamatan Tj. Priok, North Jakarta, Jakarta, IDN, 14350
PT SMR Utama Tbk business activities include mining and quarrying, wholesale trade, and professional, scientific, and technical activities. The Company owns a mining contractor providing mining services under long-term contracts with coal producers, such as PT Berau Coal. The Company carries out coal mining business activities, other mining and excavation support activities, wholesale trade in solid, liquid, and gas fuels and YBDI products, as well as management consulting activities. Its business units comprise Mining Contractor, IOT Consultant Services, and Coal Mining. The company has only one reportable segment, namely mining services. Its projects include Berau Coal Project I, Berau Coal Project II, and others.
11GF Score

Get the complete analysis for ISX:SMRU

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

Rp50.00
Price
Rp37.23
GF Value