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PT Telkom Indonesia (Persero) Tbk (ISX:TLKM) Cyclically Adjusted PB Ratio : 2.32 (As of Jun. 03, 2025)


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What is PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio?

As of today (2025-06-03), PT Telkom Indonesia (Persero) Tbk's current share price is Rp2780.00. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was Rp1,200.42. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 2.32.

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

ISX:TLKM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.94   Med: 4.58   Max: 7.14
Current: 2.35

During the past years, PT Telkom Indonesia (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 7.14. The lowest was 1.94. And the median was 4.58.

ISX:TLKM's Cyclically Adjusted PB Ratio is ranked worse than
66.91% of 278 companies
in the Telecommunication Services industry
Industry Median: 1.53 vs ISX:TLKM: 2.35

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 Telkom Indonesia (Persero) Tbk's adjusted book value per share data for the three months ended in Mar. 2025 was Rp1,495.212. 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 Rp1,200.42 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Telkom Indonesia (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.

* Premium members only.

PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Telkom Indonesia (Persero) 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 3.78 4.33 3.61 3.54 2.29

PT Telkom Indonesia (Persero) 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 3.04 2.72 2.58 2.29 2.01

Competitive Comparison of PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, PT Telkom Indonesia (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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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PT Telkom Indonesia (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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2780.00/1200.42
=2.32

* 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PT Telkom Indonesia (Persero) 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)
=1495.212/131.9484*131.9484
=1,495.212

Current CPI (Mar. 2025) = 131.9484.

PT Telkom Indonesia (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201506 677.835 99.766 896.489
201509 721.063 101.037 941.670
201512 763.263 102.133 986.082
201603 811.165 102.764 1,041.532
201606 795.672 103.212 1,017.201
201609 844.106 104.142 1,069.482
201612 849.597 105.222 1,065.396
201703 919.392 106.476 1,139.340
201706 856.704 107.722 1,049.379
201709 915.728 108.020 1,118.574
201712 933.423 109.017 1,129.767
201803 994.254 110.097 1,191.593
201806 857.390 111.085 1,018.423
201809 913.870 111.135 1,085.025
201812 996.737 112.430 1,169.776
201903 1,061.030 112.829 1,240.832
201906 948.384 114.730 1,090.713
201909 1,005.368 114.905 1,154.494
201912 1,007.407 115.486 1,151.013
202003 1,074.547 116.252 1,219.630
202006 968.462 116.630 1,095.663
202009 1,026.799 116.397 1,163.990
202012 1,033.431 117.318 1,162.306
202103 1,096.614 117.840 1,227.908
202106 993.396 118.184 1,109.094
202109 1,057.113 118.262 1,179.455
202112 1,227.824 119.516 1,355.545
202203 1,290.038 120.948 1,407.367
202206 1,213.793 123.322 1,298.694
202209 1,247.418 125.298 1,313.623
202212 1,304.473 126.098 1,364.998
202303 1,368.968 126.953 1,422.840
202306 1,250.174 127.663 1,292.141
202309 1,319.302 128.151 1,358.392
202312 1,368.594 129.395 1,395.604
202403 1,432.605 130.607 1,447.319
202406 1,314.023 130.792 1,325.645
202409 1,369.866 130.361 1,386.548
202412 1,432.312 131.432 1,437.945
202503 1,495.212 131.948 1,495.212

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 Telkom Indonesia (Persero) Tbk  (ISX:TLKM) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Telkom Indonesia (Persero) Tbk Business Description

Address
Jalan Japati No. 1, Bandung, IDN, 40133
PT Telkom Indonesia (Persero) Tbk is the integrated telecommunications provider in Indonesia. The company is focusing on dividing business into 3 Digital Business Domains namely, digital connectivity, digital platform, and digital services. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services. The group derives revenue from product lines: Mobile, Consumer, Enterprise, WIB and Others.

PT Telkom Indonesia (Persero) Tbk Headlines

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