PT Timah (Persero) Tbk (ISX:TINS) Cyclically Adjusted PB Ratio: 3.53 (As of Jul. 25, 2026) — 176% Above Median

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ISX:TINS PT Timah (Persero) Tbk ISX:TINS
69 GF Score
Price Rp3,430.00
GF Value Rp1,872.88
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Timah (Persero) Tbk Cyclically Adjusted PB Ratio?

PT Timah (Persero) Tbk ISX:TINS -7.05% 69 Cyclically Adjusted PB Ratio is 3.53 as of Jul. 25, 2026, which is 176% above its 10-year median of 1.28. GuruFocus rates ISX:TINS with a GF Score™ of 69/100 and a GF Value™ of Rp1,872.88 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,542 Metals & Mining companies, PT Timah (Persero) Tbk ranks worse than 73.54% on this metric.

As of today (2026-07-25), PT Timah (Persero) Tbk's current share price is Rp3430.00. PT Timah (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp970.46. PT Timah (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 3.53.

The historical rank and industry rank for PT Timah (Persero) Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:TINS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.28   Max: 4.84
Current: 3.53

During the past years, PT Timah (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 4.84. The lowest was 0.46. And the median was 1.28.

ISX:TINS's Cyclically Adjusted PB Ratio is ranked worse than
73.54% of 1542 companies
in the Metals & Mining industry
Industry Median: 1.41 vs ISX:TINS: 3.53

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 Timah (Persero) Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp1,336.976. 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 Rp970.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Timah (Persero) Tbk  (ISX:TINS) 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 Timah (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms


PT Timah (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Timah (Persero) 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 Timah (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Timah (Persero) 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 1.77 1.34 0.72 1.17 3.27

PT Timah (Persero) Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.04 1.11 1.71 3.27 3.44

PT Timah (Persero) Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PT Timah (Persero) 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 Timah (Persero) Tbk Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Timah (Persero) Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Timah (Persero) Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:TINS
69GF Score
PT Timah (Persero) Tbk ISX:TINS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Timah (Persero) 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 Timah (Persero) Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3430.00/970.46
=3.53

* 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 Timah (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Timah (Persero) Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1336.976/136.5387*136.5387
=1,336.976

Current CPI (Mar. 2026) = 136.5387.

PT Timah (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 696.202 103.212 921.000
201609 706.733 104.142 926.581
201612 759.084 105.222 985.007
201703 763.423 106.476 978.971
201706 763.161 107.722 967.319
201709 790.570 108.020 999.287
201712 811.672 109.017 1,016.582
201803 820.588 110.097 1,017.671
201806 822.410 111.085 1,010.857
201809 844.995 111.135 1,038.152
201812 825.506 112.430 1,002.523
201903 927.814 112.829 1,122.788
201906 867.838 114.730 1,032.801
201909 814.242 114.905 967.547
201912 706.014 115.486 834.719
202003 647.371 116.252 760.339
202006 646.544 116.630 756.910
202009 661.750 116.397 776.264
202012 663.286 117.318 771.954
202103 677.667 117.840 785.200
202106 705.085 118.184 814.590
202109 750.423 118.262 866.399
202112 846.997 119.516 967.634
202203 942.338 120.948 1,063.808
202206 946.791 123.322 1,048.257
202209 956.720 125.298 1,042.546
202212 945.470 126.098 1,023.756
202303 946.957 126.953 1,018.462
202306 896.906 127.663 959.264
202309 891.617 128.151 949.972
202312 848.535 129.395 895.383
202403 854.967 130.607 893.797
202406 909.303 130.792 949.259
202409 964.506 130.361 1,010.214
202412 1,018.642 131.432 1,058.225
202503 1,025.426 131.948 1,061.099
202506 979.282 133.241 1,003.522
202509 1,022.395 133.819 1,043.174
202512 1,128.983 135.271 1,139.562
202603 1,336.976 136.539 1,336.976

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 3.53 mean?
PT Timah (Persero) Tbk (ISX:TINS) has a Cyclically Adjusted PB Ratio of 3.53 as of Jul. 25, 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 Timah (Persero) Tbk and its competitors. This is 176% above median its historical median of 1.28. Over the past decade, PT Timah (Persero) Tbk's Cyclically Adjusted PB Ratio has ranged from 0.46 to 4.84. According to the industry distribution chart, PT Timah (Persero) Tbk ranks #1134 out of 1542 companies in the Metals & Mining industry, placing it in the top 73.5%.
Is PT Timah (Persero) Tbk's Cyclically Adjusted PB Ratio too high?
PT Timah (Persero) Tbk's current Cyclically Adjusted PB Ratio of 3.53 is 176% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 4.84. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.41. PT Timah (Persero) Tbk's value of 3.53 is 150.4% above this industry median. Based on the distribution chart, PT Timah (Persero) Tbk ranks #1134 out of 1542 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, PT Timah (Persero) Tbk has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Timah (Persero) Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, PT Timah (Persero) Tbk ranks #1134 out of 1542 companies for Cyclically Adjusted PB Ratio. This places PT Timah (Persero) Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.41. PT Timah (Persero) Tbk's value of 3.53 is 150.4% above this benchmark. Historically, PT Timah (Persero) Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 4.84 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.41, PT Timah (Persero) Tbk has consistently been above 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 Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.41, based on 1,542 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 Timah (Persero) Tbk's current Cyclically Adjusted PB Ratio of 3.53 is 150.4% above 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 Timah (Persero) Tbk and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Timah (Persero) Tbk's current Cyclically Adjusted PB Ratio is 3.53, which is 176% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Timah (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Timah (Persero) Tbk (ISX:TINS) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,872.88, compared to a current price of Rp3,430.00 — trading 83.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.53, which is 176% above median its 10-year median of 1.28 and 150.4% above the Metals & Mining industry median of 1.41. PT Timah (Persero) Tbk's overall GF Score™ is 69/100 with 1 warning sign 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 Timah (Persero) Tbk (ISX:TINS), the current Cyclically Adjusted PB Ratio is 3.53 as of Jul. 25, 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 Timah (Persero) Tbk (ISX:TINS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Timah (Persero) Tbk stock appears to be overvalued. The current stock price of Rp3,430.00 is trading 83.1% above its estimated GF Value™ of Rp1,872.88. GuruFocus considers PT Timah (Persero) Tbk to be Significantly Overvalued.

Key valuation signals for ISX:TINS:

  • Cyclically Adjusted PB Ratio: 3.53 (176% above median its 10-year median of 1.28)
  • GF Value™: Rp1,872.88 vs. price of Rp3,430.00 (83.1% above fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 150.4% above the Metals & Mining median (#1134 of 1542)

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


PT Timah (Persero) Tbk Business Description

Other Exchanges PTTMF:USATIH1:Germany
Address Jl. Jenderal Sudirman 51, Provinsi Kepulauan Bangka Belitung, Pangkal Pinang, IDN, 33121
PT Timah Tbk is engaged in the mining, manufacturing, and exporting of tin. It operates through the following segments: Tin Mining, Industry, Construction, Coal Mining, and Others. The Tin Mining segment delivers smelting services. The industry segment involves tin mining and smelting services. The Construction segment offers workshop, building, and shipping dockyard services. The Coal Mining segment relates to the operations of PT Truba Bara Banyu Enim and PT Tanjung Alam Jaya, which are involved in coal mining and trading. The Other segment includes PT Timah Karya Persada Properti and PT Rumah Sakit Bakti Timah, which perform property and health services. The majority of the firm's revenue is derived from the Tin mining segment.
69GF Score

Get the complete analysis for ISX:TINS

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

Rp3,430.00
Price
Rp1,872.88
GF Value