PT United Tractors Tbk (ISX:UNTR) Cyclically Adjusted PB Ratio: 1.13 (As of Aug. 21, 2026) — 28% Below Median

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ISX:UNTR PT United Tractors Tbk ISX:UNTR
96 GF Score
Price Rp23,825.00
GF Value Rp23,304.27
Valuation Fairly Valued
! 3 Warning Signs
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What is PT United Tractors Tbk Cyclically Adjusted PB Ratio?

PT United Tractors Tbk ISX:UNTR +1.06% 96 Cyclically Adjusted PB Ratio is 1.13 as of Aug. 21, 2026, which is 28% below its 10-year median of 1.58. GuruFocus rates ISX:UNTR with a GF Score™ of 96/100 and a GF Value™ of Rp23,304.27 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,519 Metals & Mining companies, PT United Tractors Tbk ranks better than 56.95% on this metric.

As of today (2026-08-21), PT United Tractors Tbk's current share price is Rp23825.00. PT United Tractors Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp21,035.30. PT United Tractors Tbk's Cyclically Adjusted PB Ratio for today is 1.13.

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

ISX:UNTR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.58   Max: 2.72
Current: 1.11

During the past years, PT United Tractors Tbk's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 1.04. And the median was 1.58.

ISX:UNTR's Cyclically Adjusted PB Ratio is ranked better than
56.95% of 1519 companies
in the Metals & Mining industry
Industry Median: 1.51 vs ISX:UNTR: 1.11

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 United Tractors Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp27,646.998. 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 Rp21,035.30 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT United Tractors Tbk  (ISX:UNTR) 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 United Tractors Tbk Cyclically Adjusted PB Ratio Related Terms


PT United Tractors Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT United Tractors 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 1.62 1.69 1.35 1.48 1.48

PT United Tractors 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 1.13 1.38 1.48 1.51 1.09

PT United Tractors Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PT United Tractors 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 United Tractors Tbk Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


ISX:UNTR
96GF Score
PT United Tractors Tbk ISX:UNTR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT United Tractors 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 United Tractors Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23825.00/21035.30
=1.13

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

For example, PT United Tractors 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)
=27646.998/137.6954*137.6954
=27,646.998

Current CPI (Jun. 2026) = 137.6954.

PT United Tractors Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 10,324.530 104.142 13,650.927
201612 10,954.042 105.222 14,334.670
201703 11,350.018 106.476 14,677.925
201706 11,470.007 107.722 14,661.578
201709 11,795.039 108.020 15,035.332
201712 12,161.077 109.017 15,360.227
201803 12,983.348 110.097 16,238.003
201806 13,199.847 111.085 16,361.913
201809 13,917.031 111.135 17,243.171
201812 14,417.529 112.430 17,657.469
201903 15,073.665 112.829 18,395.834
201906 14,691.323 114.730 17,632.041
201909 14,975.384 114.905 17,945.683
201912 15,605.885 115.486 18,607.108
202003 16,915.801 116.252 20,035.973
202006 15,742.892 116.630 18,586.363
202009 16,283.367 116.397 19,262.974
202012 16,161.984 117.318 18,969.203
202103 17,159.593 117.840 20,050.925
202106 17,315.068 118.184 20,173.689
202109 17,723.482 118.262 20,635.945
202112 18,380.011 119.516 21,175.749
202203 19,707.184 120.948 22,435.957
202206 20,848.704 123.322 23,278.582
202209 21,255.373 125.298 23,358.376
202212 23,321.194 126.098 25,466.136
202303 24,296.393 126.953 26,352.388
202306 19,780.698 127.663 21,335.181
202309 20,578.463 128.151 22,111.032
202312 21,821.233 129.395 23,221.070
202403 23,466.904 130.607 24,740.517
202406 23,742.610 130.792 24,995.857
202409 23,586.757 130.361 24,913.820
202412 25,592.589 131.432 26,812.307
202503 26,807.844 131.948 27,975.457
202506 26,379.952 133.241 27,261.946
202509 26,725.258 133.819 27,499.422
202512 27,366.649 135.271 27,857.108
202603 27,226.582 136.539 27,457.234
202606 27,646.998 137.695 27,646.998

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 1.13 mean?
PT United Tractors Tbk (ISX:UNTR) has a Cyclically Adjusted PB Ratio of 1.13 as of Aug. 21, 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 United Tractors Tbk and its competitors. This is 28% below median its historical median of 1.58. Over the past decade, PT United Tractors Tbk's Cyclically Adjusted PB Ratio has ranged from 1.04 to 2.72. According to the industry distribution chart, PT United Tractors Tbk ranks #654 out of 1519 companies in the Metals & Mining industry, placing it in the top 43.1%.
Is PT United Tractors Tbk's Cyclically Adjusted PB Ratio too high?
PT United Tractors Tbk's current Cyclically Adjusted PB Ratio of 1.13 is 28% below median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 2.72. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.51. PT United Tractors Tbk's value of 1.13 is 25.2% below this industry median. Based on the distribution chart, PT United Tractors Tbk ranks #654 out of 1519 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, PT United Tractors Tbk has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT United Tractors Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, PT United Tractors Tbk ranks #654 out of 1519 companies for Cyclically Adjusted PB Ratio. This puts PT United Tractors Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. PT United Tractors Tbk's value of 1.13 is 25.2% below this benchmark. Historically, PT United Tractors Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.04 to 2.72 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 1.51, PT United Tractors 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 a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.51, based on 1,519 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 United Tractors Tbk's current Cyclically Adjusted PB Ratio of 1.13 is 25.2% 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 United Tractors Tbk and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT United Tractors Tbk's current Cyclically Adjusted PB Ratio is 1.13, which is 28% below median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT United Tractors Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT United Tractors Tbk (ISX:UNTR) is currently considered Fairly Valued. The stock's GF Value™ is Rp23,304.27, compared to a current price of Rp23,825.00 — trading 2.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.13, which is 28% below median its 10-year median of 1.58 and 25.2% below the Metals & Mining industry median of 1.51. PT United Tractors Tbk's overall GF Score™ is 96/100 with 3 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 United Tractors Tbk (ISX:UNTR), the current Cyclically Adjusted PB Ratio is 1.13 as of Aug. 21, 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 United Tractors Tbk (ISX:UNTR) Overvalued in 2026?

Based on GuruFocus' analysis, PT United Tractors Tbk stock appears to be overvalued. The current stock price of Rp23,825.00 is trading 2.2% above its estimated GF Value™ of Rp23,304.27. GuruFocus considers PT United Tractors Tbk to be Fairly Valued.

Key valuation signals for ISX:UNTR:

  • Cyclically Adjusted PB Ratio: 1.13 (28% below median its 10-year median of 1.58)
  • GF Value™: Rp23,304.27 vs. price of Rp23,825.00 (2.2% above fair value)
  • GF Score™: 96/100 with 3 warning signs
  • Industry Position: 25.2% below the Metals & Mining median (#654 of 1519)

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


PT United Tractors Tbk Business Description

Address Jalan Raya Bekasi Km. 22, Cakung, Jakarta Timur, Jakarta, IDN, 13910
PT United Tractors Tbk is the sole distributor of Komatsu heavy equipment in Indonesia. The Company provides a range of complementary products such as Tadano cranes, Bomag vibratory rollers, Scania buses and trucks, and UD Trucks. Through its subsidiaries, the Company provides engineering and manufacturing services for heavy equipment components, engine reconditioning, and the sale and leasing of tractors, generators, mini excavators, forklifts, and commodity parts. The Group operates through segments including Construction Machinery (sales, rental, and after-sales services), Mining Contracting (which generates maximum revenue), Thermal and Metallurgical Coal, Gold, and Other Mineral Mining, as well as other segments focused on construction services, energy, and related activities.
96GF Score

Get the complete analysis for ISX:UNTR

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

Rp23,825.00
Price
Rp23,304.27
GF Value