PTITF (PT Indosat Tbk) Cyclically Adjusted PB Ratio: 2.25 (As of Jul. 19, 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

PTITF PT Indosat Tbk PTITF
58 GF Score
Price $0.11
GF Value $0.15
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is PT Indosat Tbk Cyclically Adjusted PB Ratio?

PT Indosat Tbk PTITF 58 Cyclically Adjusted PB Ratio is 2.25 as of Jul. 19, 2026, which is 17% above its 10-year median of 1.92. GuruFocus rates PTITF with a GF Score™ of 58/100 and a GF Value™ of $0.15 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 289 Telecommunication Services companies, PT Indosat Tbk ranks worse than 57.79% on this metric.

As of today (2026-07-19), PT Indosat Tbk's current share price is $0.11225. PT Indosat Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.05. PT Indosat Tbk's Cyclically Adjusted PB Ratio for today is 2.25.

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

PTITF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.92   Max: 3.86
Current: 2.24

During the past years, PT Indosat Tbk's highest Cyclically Adjusted PB Ratio was 3.86. The lowest was 0.41. And the median was 1.92.

PTITF's Cyclically Adjusted PB Ratio is ranked worse than
57.79% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.79 vs PTITF: 2.24

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 Indosat Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was $0.069. 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 $0.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Indosat Tbk  (OTCPK:PTITF) 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 Indosat Tbk Cyclically Adjusted PB Ratio Related Terms


PT Indosat Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Indosat 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 2.12 2.01 3.08 3.19 2.79

PT Indosat 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 1.85 2.61 2.15 2.79 2.46

PTITF vs TMUS, VZ, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, PT Indosat 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 Indosat Tbk Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

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


PTITF
58GF Score
PT Indosat Tbk PTITF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.11225/0.05
=2.25

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

For example, PT Indosat 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)
=0.069/136.5387*136.5387
=0.069

Current CPI (Mar. 2026) = 136.5387.

PT Indosat Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.044 103.212 0.058
201609 0.047 104.142 0.062
201612 0.046 105.222 0.060
201703 0.047 106.476 0.060
201706 0.047 107.722 0.060
201709 0.048 108.020 0.061
201712 0.048 109.017 0.060
201803 0.046 110.097 0.057
201806 0.042 111.085 0.052
201809 0.037 111.135 0.045
201812 0.035 112.430 0.043
201903 0.035 112.829 0.042
201906 0.035 114.730 0.042
201909 0.036 114.905 0.043
201912 0.042 115.486 0.050
202003 0.037 116.252 0.043
202006 0.040 116.630 0.047
202009 0.038 116.397 0.045
202012 0.039 117.318 0.045
202103 0.039 117.840 0.045
202106 0.056 118.184 0.065
202109 0.057 118.262 0.066
202112 0.029 119.516 0.033
202203 0.056 120.948 0.063
202206 0.061 123.322 0.068
202209 0.057 125.298 0.062
202212 0.056 126.098 0.061
202303 0.059 126.953 0.063
202306 0.058 127.663 0.062
202309 0.059 128.151 0.063
202312 0.061 129.395 0.064
202403 0.063 130.607 0.066
202406 0.059 130.792 0.062
202409 0.066 130.361 0.069
202412 0.065 131.432 0.068
202503 0.066 131.948 0.068
202506 0.063 133.241 0.065
202509 0.065 133.819 0.066
202512 0.067 135.271 0.068
202603 0.069 136.539 0.069

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 2.25 mean?
PT Indosat Tbk (PTITF) has a Cyclically Adjusted PB Ratio of 2.25 as of Jul. 19, 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 Indosat Tbk and its competitors. This is 17% above median its historical median of 1.92. Over the past decade, PT Indosat Tbk's Cyclically Adjusted PB Ratio has ranged from 0.41 to 3.86. According to the industry distribution chart, PT Indosat Tbk ranks #167 out of 289 companies in the Telecommunication Services industry, placing it in the top 57.8%.
Is PT Indosat Tbk's Cyclically Adjusted PB Ratio too high?
PT Indosat Tbk's current Cyclically Adjusted PB Ratio of 2.25 is 17% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 3.86. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.79. PT Indosat Tbk's value of 2.25 is 25.7% above this industry median. Based on the distribution chart, PT Indosat Tbk ranks #167 out of 289 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, PT Indosat Tbk has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Indosat Tbk's Cyclically Adjusted PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PT Indosat Tbk ranks #167 out of 289 companies for Cyclically Adjusted PB Ratio. This places PT Indosat Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. PT Indosat Tbk's value of 2.25 is 25.7% above this benchmark. Historically, PT Indosat Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.41 to 3.86 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.79, PT Indosat 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 Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.79, based on 289 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 Indosat Tbk's current Cyclically Adjusted PB Ratio of 2.25 is 25.7% 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 Indosat Tbk and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indosat Tbk's current Cyclically Adjusted PB Ratio is 2.25, which is 17% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indosat Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indosat Tbk (PTITF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.15, compared to a current price of $0.11 — trading 25.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.25, which is 17% above median its 10-year median of 1.92 and 25.7% above the Telecommunication Services industry median of 1.79. PT Indosat Tbk's overall GF Score™ is 58/100 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 Indosat Tbk (PTITF), the current Cyclically Adjusted PB Ratio is 2.25 as of Jul. 19, 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 Indosat Tbk (PTITF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indosat Tbk stock appears to be undervalued. The current stock price of $0.11 is trading 25.2% below its estimated GF Value™ of $0.15. GuruFocus considers PT Indosat Tbk to be Modestly Undervalued.

Key valuation signals for PTITF:

  • Cyclically Adjusted PB Ratio: 2.25 (17% above median its 10-year median of 1.92)
  • GF Value™: $0.15 vs. price of $0.11 (25.2% below fair value)
  • GF Score™: 58/100 with 2 warning signs
  • Industry Position: 25.7% above the Telecommunication Services median (#167 of 289)

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


PT Indosat Tbk Business Description

Other Exchanges ISAT:IndonesiaIDO1:Germany
Address Jalan Medan Merdeka Barat No. 21, Gedung Indosat Ooredoo, Jakarta, IDN, 10110
PT Indosat Tbk is the provider of international long-distance and wireless services in Indonesia. The company operates under three reportable segments: Cellular, Midi and Fixed Telecommunication segment. Cellular, providing network coverage in all cities across Indonesia; fixed telecommunications, which provides services such as international calls and fixed lines; and multimedia interactive, data and internet, which offers products such as fixed connectivity, IT service and fixed Internet. The Cellular segment provides majority of the company's revenue.
58GF Score

Get the complete analysis for PTITF

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

$0.11
Price
$0.15
GF Value