PT Temas Tbk (ISX:TMAS) Cyclically Adjusted PB Ratio: 3.55 (As of Jul. 13, 2026) — 26% Below Median


ISX:TMAS PT Temas Tbk ISX:TMAS
70 GF Score
Price Rp119.00
GF Value Rp145.08
Valuation Modestly Undervalued
! 2 Warning Signs
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What is PT Temas Tbk Cyclically Adjusted PB Ratio?

PT Temas Tbk ISX:TMAS +0.85% 70 Cyclically Adjusted PB Ratio is 3.55 as of Jul. 13, 2026, which is 26% below its 10-year median of 4.80. GuruFocus rates ISX:TMAS with a GF Score™ of 70/100 and a GF Value™ of Rp145.08 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 739 Transportation companies, PT Temas Tbk ranks worse than 83.36% on this metric.

As of today (2026-07-13), PT Temas Tbk's current share price is Rp119.00. PT Temas Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp33.48. PT Temas Tbk's Cyclically Adjusted PB Ratio for today is 3.55.

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

ISX:TMAS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 4.8   Max: 17.69
Current: 3.55

During the past years, PT Temas Tbk's highest Cyclically Adjusted PB Ratio was 17.69. The lowest was 0.44. And the median was 4.80.

ISX:TMAS's Cyclically Adjusted PB Ratio is ranked worse than
83.36% of 739 companies
in the Transportation industry
Industry Median: 1.25 vs ISX:TMAS: 3.55

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 Temas Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp55.722. 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 Rp33.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Temas Tbk  (ISX:TMAS) 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 Temas Tbk Cyclically Adjusted PB Ratio Related Terms


PT Temas Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Temas 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 8.28 9.60 6.46 4.95 4.15

PT Temas 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 4.39 4.39 4.21 4.15 3.73

PT Temas Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, PT Temas 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 Temas Tbk Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, PT Temas Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:TMAS
70GF Score
PT Temas Tbk ISX:TMAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Temas 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 Temas Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=119.00/33.48
=3.55

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

For example, PT Temas 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)
=55.722/136.5387*136.5387
=55.722

Current CPI (Mar. 2026) = 136.5387.

PT Temas Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.101 103.212 19.977
201609 16.096 104.142 21.103
201612 17.412 105.222 22.594
201703 17.568 106.476 22.528
201706 16.732 107.722 21.208
201709 16.691 108.020 21.098
201712 17.911 109.017 22.433
201803 18.309 110.097 22.706
201806 17.988 111.085 22.110
201809 17.611 111.135 21.637
201812 18.720 112.430 22.734
201903 19.605 112.829 23.725
201906 20.215 114.730 24.058
201909 20.735 114.905 24.639
201912 20.474 115.486 24.206
202003 20.775 116.252 24.400
202006 21.050 116.630 24.643
202009 20.437 116.397 23.974
202012 21.148 117.318 24.613
202103 22.104 117.840 25.611
202106 26.659 118.184 30.799
202109 27.704 118.262 31.986
202112 26.918 119.516 30.752
202203 33.695 120.948 38.038
202206 32.268 123.322 35.726
202209 38.639 125.298 42.105
202212 38.375 126.098 41.552
202303 43.016 126.953 46.264
202306 37.470 127.663 40.075
202309 41.602 128.151 44.325
202312 44.153 129.395 46.591
202403 46.738 130.607 48.861
202406 41.084 130.792 42.889
202409 43.263 130.361 45.313
202412 48.236 131.432 50.110
202503 50.628 131.948 52.389
202506 49.280 133.241 50.500
202509 50.669 133.819 51.699
202512 52.954 135.271 53.450
202603 55.722 136.539 55.722

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 3.55 mean?
PT Temas Tbk (ISX:TMAS) has a Cyclically Adjusted PB Ratio of 3.55 as of Jul. 13, 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 Temas Tbk and its competitors. This is 26% below median its historical median of 4.80. Over the past decade, PT Temas Tbk's Cyclically Adjusted PB Ratio has ranged from 0.44 to 17.69. According to the industry distribution chart, PT Temas Tbk ranks #616 out of 739 companies in the Transportation industry, placing it in the top 83.4%.
Is PT Temas Tbk's Cyclically Adjusted PB Ratio too high?
PT Temas Tbk's current Cyclically Adjusted PB Ratio of 3.55 is 26% below median its 10-year median of 4.80. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 17.69. The Transportation industry median Cyclically Adjusted PB Ratio is 1.25. PT Temas Tbk's value of 3.55 is 184% above this industry median. Based on the distribution chart, PT Temas Tbk ranks #616 out of 739 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Temas Tbk has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Temas Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, PT Temas Tbk ranks #616 out of 739 companies for Cyclically Adjusted PB Ratio. This places PT Temas Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. PT Temas Tbk's value of 3.55 is 184% above this benchmark. Historically, PT Temas Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 17.69 over the past decade. While the company's 10-year median is 4.80 vs. the industry median of 1.25, PT Temas 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.25, based on 739 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 Temas Tbk's current Cyclically Adjusted PB Ratio of 3.55 is 184% 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 Temas Tbk and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Temas Tbk's current Cyclically Adjusted PB Ratio is 3.55, which is 26% below median its own 10-year median of 4.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Temas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Temas Tbk (ISX:TMAS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp145.08, compared to a current price of Rp119.00 — trading 18% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.55, which is 26% below median its 10-year median of 4.80 and 184% above the Transportation industry median of 1.25. PT Temas Tbk's overall GF Score™ is 70/100 with 2 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 Temas Tbk (ISX:TMAS), the current Cyclically Adjusted PB Ratio is 3.55 as of Jul. 13, 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 Temas Tbk (ISX:TMAS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Temas Tbk stock appears to be undervalued. The current stock price of Rp119.00 is trading 18% below its estimated GF Value™ of Rp145.08. GuruFocus considers PT Temas Tbk to be Modestly Undervalued.

Key valuation signals for ISX:TMAS:

  • Cyclically Adjusted PB Ratio: 3.55 (26% below median its 10-year median of 4.80)
  • GF Value™: Rp145.08 vs. price of Rp119.00 (18% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 184% above the Transportation median (#616 of 739)

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


PT Temas Tbk Business Description

Address Jalan Yos Sudarso Kav. 33, Sunter Jaya, Tanjung Priok, Kantor Pusat Jakarta, Jakarta, IDN, 14350
PT Temas Tbk operates in the shipping industry. The company is engaged in the transportation business, especially marine transportation services that provide containerized goods delivery. Services offered include managing container transportation and stevedoring services nationwide. The company engages in both domestic and international transportation activities, particularly in transporting passengers, cargoes, and animals by vessels, acts as an agent in the shipping business. In addition, it is involved in the purchase and sale of vessels and related equipment. Its businesses are grouped into two operating segments: Shipping and Stevedoring. The Shipping segment contributes the vast majority of total revenue. Geographically, the company operates Domestically as well as Overseas.
70GF Score

Get the complete analysis for ISX:TMAS

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

Rp119.00
Price
Rp145.08
GF Value