PUTKF (PT United Tractors Tbk) Cyclically Adjusted PB Ratio: 1.44 (As of Jul. 12, 2026) — Near Median


PUTKF PT United Tractors Tbk PUTKF
83 GF Score
Price $1.60
GF Value $1.26
Valuation Modestly Overvalued
! 5 Warning Signs
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What is PT United Tractors Tbk Cyclically Adjusted PB Ratio?

PT United Tractors Tbk PUTKF -4.65% 83 Cyclically Adjusted PB Ratio is 1.44 as of Jul. 12, 2026, which is 9% below its 10-year median of 1.59. GuruFocus rates PUTKF with a GF Scoreâ„¢ of 83/100 and a GF Valueâ„¢ of $1.26 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,545 Metals & Mining companies, PT United Tractors Tbk ranks better than 55.02% on this metric.

As of today (2026-07-12), PT United Tractors Tbk's current share price is $1.60. PT United Tractors Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $1.11. PT United Tractors Tbk's Cyclically Adjusted PB Ratio for today is 1.44.

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

PUTKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.59   Max: 2.72
Current: 1.19

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 1.59.

PUTKF's Cyclically Adjusted PB Ratio is ranked better than
55.02% of 1545 companies
in the Metals & Mining industry
Industry Median: 1.45 vs PUTKF: 1.19

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 Mar. 2026 was $1.608. 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 $1.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT United Tractors Tbk  (OTCPK:PUTKF) 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
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 1.27 1.13 1.38 1.48 1.51

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.


PUTKF
83GF Score
PT United Tractors Tbk PUTKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=1.60/1.11
=1.44

* 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 Mar. 2026 is calculated as:

For example, PT United Tractors 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)
=1.608/136.5387*136.5387
=1.608

Current CPI (Mar. 2026) = 136.5387.

PT United Tractors Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.763 103.212 1.009
201609 0.787 104.142 1.032
201612 0.816 105.222 1.059
201703 0.851 106.476 1.091
201706 0.862 107.722 1.093
201709 0.887 108.020 1.121
201712 0.897 109.017 1.123
201803 0.944 110.097 1.171
201806 0.943 111.085 1.159
201809 0.936 111.135 1.150
201812 0.995 112.430 1.208
201903 1.061 112.829 1.284
201906 1.030 114.730 1.226
201909 1.061 114.905 1.261
201912 1.114 115.486 1.317
202003 1.109 116.252 1.303
202006 1.107 116.630 1.296
202009 1.097 116.397 1.287
202012 1.140 117.318 1.327
202103 1.190 117.840 1.379
202106 1.208 118.184 1.396
202109 1.243 118.262 1.435
202112 1.283 119.516 1.466
202203 1.373 120.948 1.550
202206 1.420 123.322 1.572
202209 1.420 125.298 1.547
202212 1.494 126.098 1.618
202303 1.587 126.953 1.707
202306 1.323 127.663 1.415
202309 1.340 128.151 1.428
202312 1.406 129.395 1.484
202403 1.494 130.607 1.562
202406 1.454 130.792 1.518
202409 1.537 130.361 1.610
202412 1.596 131.432 1.658
202503 1.628 131.948 1.685
202506 1.617 133.241 1.657
202509 1.619 133.819 1.652
202512 1.638 135.271 1.653
202603 1.608 136.539 1.608

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 1.44 mean?
PT United Tractors Tbk (PUTKF) has a Cyclically Adjusted PB Ratio of 1.44 as of Jul. 12, 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 near median its historical median of 1.59. 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 #695 out of 1545 companies in the Metals & Mining industry, placing it in the top 45%.
Is PT United Tractors Tbk's Cyclically Adjusted PB Ratio too high?
PT United Tractors Tbk's current Cyclically Adjusted PB Ratio of 1.44 is near median its 10-year median of 1.59. 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 1.45. PT United Tractors Tbk's value of 1.44 is 0.7% below this industry median. Based on the distribution chart, PT United Tractors Tbk ranks #695 out of 1545 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, PT United Tractors Tbk has a GF Scoreâ„¢ of 83/100 and is considered Modestly Overvalued, 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 #695 out of 1545 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 1.45. PT United Tractors Tbk's value of 1.44 is 0.7% 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 1.59 vs. the industry median of 1.45, 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 1.45, based on 1,545 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 1.44 is 0.7% 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 1.45 — 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 1.44, which is near median its own 10-year median of 1.59. 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 (PUTKF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.26, compared to a current price of $1.60 — trading 27% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.44, which is near median its 10-year median of 1.59 and 0.7% below the Metals & Mining industry median of 1.45. PT United Tractors Tbk's overall GF Score™ is 83/100 with 5 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 (PUTKF), the current Cyclically Adjusted PB Ratio is 1.44 as of Jul. 12, 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 (PUTKF) Overvalued in 2026?

Based on GuruFocus' analysis, PT United Tractors Tbk stock appears to be overvalued. The current stock price of $1.60 is trading 27% above its estimated GF Value™ of $1.26. GuruFocus considers PT United Tractors Tbk to be Modestly Overvalued.

Key valuation signals for PUTKF:

  • Cyclically Adjusted PB Ratio: 1.44 (near median its 10-year median of 1.59)
  • GF Value™: $1.26 vs. price of $1.60 (27% above fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 0.7% below the Metals & Mining median (#695 of 1545)

No single metric tells the full story. See the PUTKF 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.
83GF Score

Get the complete analysis for PUTKF

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

$1.60
Price
$1.26
GF Value