PPKTF (PT Pabrik Kertas Tjiwi Kimia Tbk) Cyclically Adjusted PB Ratio: 0.56 (As of Aug. 18, 2026) — 45% Below Median

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PPKTF PT Pabrik Kertas Tjiwi Kimia Tbk PPKTF
41 GF Score
Price $0.42
GF Value $0.58
Valuation Modestly Undervalued
! 6 Warning Signs
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What is PT Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio?

PT Pabrik Kertas Tjiwi Kimia Tbk PPKTF 41 Cyclically Adjusted PB Ratio is 0.56 as of Aug. 18, 2026, which is 45% below its 10-year median of 1.01. GuruFocus rates PPKTF with a GF Score™ of 41/100 and a GF Value™ of $0.58 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 236 Forest Products companies, PT Pabrik Kertas Tjiwi Kimia Tbk ranks worse than 50.42% on this metric.

As of today (2026-08-18), PT Pabrik Kertas Tjiwi Kimia Tbk's current share price is $0.4199. PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.75. PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio for today is 0.56.

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

PPKTF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.01   Max: 2.7
Current: 0.75

During the past years, PT Pabrik Kertas Tjiwi Kimia Tbk's highest Cyclically Adjusted PB Ratio was 2.70. The lowest was 0.49. And the median was 1.01.

PPKTF's Cyclically Adjusted PB Ratio is ranked worse than
50.42% of 236 companies
in the Forest Products industry
Industry Median: 0.745 vs PPKTF: 0.75

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 Pabrik Kertas Tjiwi Kimia Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was $1.031. 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 $0.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Pabrik Kertas Tjiwi Kimia Tbk  (OTCPK:PPKTF) 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 Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Chart

PT Pabrik Kertas Tjiwi Kimia 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 1.22 1.03 0.97 0.72 0.78

PT Pabrik Kertas Tjiwi Kimia 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 0.64 0.77 0.78 0.92 0.53

PT Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Paper & Paper Products subindustry, PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio falls into.


PPKTF
41GF Score
PT Pabrik Kertas Tjiwi Kimia Tbk PPKTF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Pabrik Kertas Tjiwi Kimia 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 Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.4199/0.75
=0.56

* 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 Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Pabrik Kertas Tjiwi Kimia 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)
=1.031/137.6954*137.6954
=1.031

Current CPI (Jun. 2026) = 137.6954.

PT Pabrik Kertas Tjiwi Kimia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.342 104.142 0.452
201612 0.352 105.222 0.461
201703 0.350 106.476 0.453
201706 0.347 107.722 0.444
201709 0.319 108.020 0.407
201712 0.321 109.017 0.405
201803 0.335 110.097 0.419
201806 0.366 111.085 0.454
201809 0.398 111.135 0.493
201812 0.397 112.430 0.486
201903 0.412 112.829 0.503
201906 0.426 114.730 0.511
201909 0.441 114.905 0.528
201912 0.445 115.486 0.531
202003 0.496 116.252 0.587
202006 0.473 116.630 0.558
202009 0.496 116.397 0.587
202012 0.487 117.318 0.572
202103 0.510 117.840 0.596
202106 0.524 118.184 0.611
202109 0.540 118.262 0.629
202112 0.565 119.516 0.651
202203 0.588 120.948 0.669
202206 0.616 123.322 0.688
202209 0.674 125.298 0.741
202212 0.713 126.098 0.779
202303 0.715 126.953 0.776
202306 0.731 127.663 0.788
202309 0.754 128.151 0.810
202312 0.766 129.395 0.815
202403 0.800 130.607 0.843
202406 0.834 130.792 0.878
202409 0.798 130.361 0.843
202412 0.860 131.432 0.901
202503 0.892 131.948 0.931
202506 0.891 133.241 0.921
202509 0.928 133.819 0.955
202512 0.948 135.271 0.965
202603 0.974 136.539 0.982
202606 1.031 137.695 1.031

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 0.56 mean?
PT Pabrik Kertas Tjiwi Kimia Tbk (PPKTF) has a Cyclically Adjusted PB Ratio of 0.56 as of Aug. 18, 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 Pabrik Kertas Tjiwi Kimia Tbk and its competitors. This is 45% below median its historical median of 1.01. Over the past decade, PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio has ranged from 0.49 to 2.70. According to the industry distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #119 out of 236 companies in the Forest Products industry, placing it in the top 50.4%.
Is PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio too high?
PT Pabrik Kertas Tjiwi Kimia Tbk's current Cyclically Adjusted PB Ratio of 0.56 is 45% below median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.70. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.75. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 0.56 is 24.8% below this industry median. Based on the distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #119 out of 236 companies in the Forest Products industry, which is below the industry midpoint. Overall, PT Pabrik Kertas Tjiwi Kimia Tbk has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Pabrik Kertas Tjiwi Kimia Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, PT Pabrik Kertas Tjiwi Kimia Tbk ranks #119 out of 236 companies for Cyclically Adjusted PB Ratio. This places PT Pabrik Kertas Tjiwi Kimia Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.75. PT Pabrik Kertas Tjiwi Kimia Tbk's value of 0.56 is 24.8% below this benchmark. Historically, PT Pabrik Kertas Tjiwi Kimia Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 2.70 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.75, PT Pabrik Kertas Tjiwi Kimia 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.75, based on 236 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 Pabrik Kertas Tjiwi Kimia Tbk's current Cyclically Adjusted PB Ratio of 0.56 is 24.8% 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 Pabrik Kertas Tjiwi Kimia Tbk and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pabrik Kertas Tjiwi Kimia Tbk's current Cyclically Adjusted PB Ratio is 0.56, which is 45% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pabrik Kertas Tjiwi Kimia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pabrik Kertas Tjiwi Kimia Tbk (PPKTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.58, compared to a current price of $0.42 — trading 27.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.56, which is 45% below median its 10-year median of 1.01 and 24.8% below the Forest Products industry median of 0.75. PT Pabrik Kertas Tjiwi Kimia Tbk's overall GF Score™ is 41/100 with 6 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 Pabrik Kertas Tjiwi Kimia Tbk (PPKTF), the current Cyclically Adjusted PB Ratio is 0.56 as of Aug. 18, 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 Pabrik Kertas Tjiwi Kimia Tbk (PPKTF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Pabrik Kertas Tjiwi Kimia Tbk stock appears to be undervalued. The current stock price of $0.42 is trading 27.6% below its estimated GF Value™ of $0.58. GuruFocus considers PT Pabrik Kertas Tjiwi Kimia Tbk to be Modestly Undervalued.

Key valuation signals for PPKTF:

  • Cyclically Adjusted PB Ratio: 0.56 (45% below median its 10-year median of 1.01)
  • GF Value™: $0.58 vs. price of $0.42 (27.6% below fair value)
  • GF Score™: 41/100 with 6 warning signs
  • Industry Position: 24.8% below the Forest Products median (#119 of 236)

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


PT Pabrik Kertas Tjiwi Kimia Tbk Business Description

Other Exchanges TKIM:Indonesia
Address Jalan M.H. Thamrin No. 51, Gedung Sinar Mas Land Plaza, Tower II, 9th Floor, Jakarta, IDN, 10350
PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing, with its main products such as printed paper, coated paper, and carbonless. The company also produces a wide range of converted stationery and office products such as woodfree, art board, baking paper, brown kraft, kraft paper, and others. It operates in two business segments: Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product. The majority of the revenue is being made from Cultural paper products segment.
41GF Score

Get the complete analysis for PPKTF

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

$0.42
Price
$0.58
GF Value