PTAIF (PT Astra International Tbk) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PTAIF PT Astra International Tbk PTAIF
56 GF Score
Price $0.23
GF Value $0.31
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Astra International Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Astra International Tbk  (OTCPK:PTAIF) 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 Astra International Tbk Cyclically Adjusted PB Ratio Related Terms


PT Astra International Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Astra International 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 1.57 1.44 1.17 1.48

PT Astra International 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 1.04 1.31 1.48 1.35 0.96

PTAIF vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, PT Astra International 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 Astra International Tbk Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


PTAIF
56GF Score
PT Astra International Tbk PTAIF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Astra International 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 Astra International Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Astra International 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)
=0.322/137.6954*137.6954
=0.322

Current CPI (Jun. 2026) = 137.6954.

PT Astra International Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.199 104.142 0.263
201612 0.206 105.222 0.270
201703 0.216 106.476 0.279
201706 0.217 107.722 0.277
201709 0.221 108.020 0.282
201712 0.226 109.017 0.285
201803 0.232 110.097 0.290
201806 0.225 111.085 0.279
201809 0.220 111.135 0.273
201812 0.233 112.430 0.285
201903 0.247 112.829 0.301
201906 0.241 114.730 0.289
201909 0.250 114.905 0.300
201912 0.261 115.486 0.311
202003 0.250 116.252 0.296
202006 0.265 116.630 0.313
202009 0.257 116.397 0.304
202012 0.271 117.318 0.318
202103 0.275 117.840 0.321
202106 0.280 118.184 0.326
202109 0.289 118.262 0.336
202112 0.297 119.516 0.342
202203 0.309 120.948 0.352
202206 0.309 123.322 0.345
202209 0.312 125.298 0.343
202212 0.304 126.098 0.332
202303 0.323 126.953 0.350
202306 0.308 127.663 0.332
202309 0.307 128.151 0.330
202312 0.316 129.395 0.336
202403 0.326 130.607 0.344
202406 0.302 130.792 0.318
202409 0.333 130.361 0.352
202412 0.329 131.432 0.345
202503 0.332 131.948 0.346
202506 0.330 133.241 0.341
202509 0.340 133.819 0.350
202512 0.341 135.271 0.347
202603 0.343 136.539 0.346
202606 0.322 137.695 0.322

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.

Is PT Astra International Tbk (PTAIF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Astra International Tbk stock appears to be undervalued. The current stock price of $0.23 is trading 25.6% below its estimated GF Value™ of $0.31. GuruFocus considers PT Astra International Tbk to be Modestly Undervalued.

Key valuation signals for PTAIF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.31 vs. price of $0.23 (25.6% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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


PT Astra International Tbk Business Description

Address Jalan Jend. Sudirman Kav. 5-6, Menara Astra, 59th Floor, Karet Tengsin, Tanah Abang, Jakarta, IDN, 10220
PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive and mobility, Financial Services, Energy (HEMCE), Agribusiness, Infrastructure, Information Technology, and Property. The company generates maximum revenue from Energy Segment. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining, and other activities.
56GF Score

Get the complete analysis for PTAIF

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

$0.23
Price
$0.31
GF Value