UNLRF (PT Unilever Indonesia Tbk) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

UNLRF PT Unilever Indonesia Tbk UNLRF
48 GF Score
Price $0.11
GF Value $0.08
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PT Unilever Indonesia Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Unilever Indonesia Tbk  (OTCPK:UNLRF) 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 Unilever Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Unilever Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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

PT Unilever Indonesia 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 26.78 27.44 20.00 8.00 14.69

PT Unilever Indonesia 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 7.27 8.18 13.36 9.09 6.76

UNLRF vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, PT Unilever Indonesia 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 Unilever Indonesia Tbk Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Unilever Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


UNLRF
48GF Score
PT Unilever Indonesia Tbk UNLRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Unilever Indonesia 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 Unilever Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Unilever Indonesia 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)
=0.004/137.6954*137.6954
=0.004

Current CPI (Jun. 2026) = 137.6954.

PT Unilever Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.013 104.142 0.017
201612 0.009 105.222 0.012
201703 0.013 106.476 0.017
201706 0.010 107.722 0.013
201709 0.013 108.020 0.017
201712 0.010 109.017 0.013
201803 0.013 110.097 0.016
201806 0.009 111.085 0.011
201809 0.016 111.135 0.020
201812 0.013 112.430 0.016
201903 0.017 112.829 0.021
201906 0.009 114.730 0.011
201909 0.013 114.905 0.016
201912 0.010 115.486 0.012
202003 0.012 116.252 0.014
202006 0.016 116.630 0.019
202009 0.011 116.397 0.013
202012 0.009 117.318 0.011
202103 0.012 117.840 0.014
202106 0.007 118.184 0.008
202109 0.010 118.262 0.012
202112 0.008 119.516 0.009
202203 0.012 120.948 0.014
202206 0.008 123.322 0.009
202209 0.010 125.298 0.011
202212 0.007 126.098 0.008
202303 0.009 126.953 0.010
202306 0.007 127.663 0.008
202309 0.009 128.151 0.010
202312 0.006 129.395 0.006
202403 0.008 130.607 0.008
202406 0.005 130.792 0.005
202409 0.006 130.361 0.006
202412 0.004 131.432 0.004
202503 0.005 131.948 0.005
202506 0.004 133.241 0.004
202509 0.005 133.819 0.005
202512 0.007 135.271 0.007
202603 0.010 136.539 0.010
202606 0.004 137.695 0.004

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 Unilever Indonesia Tbk (UNLRF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Unilever Indonesia Tbk stock appears to be overvalued. The current stock price of $0.11 is trading 32.7% above its estimated GF Value™ of $0.08. GuruFocus considers PT Unilever Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for UNLRF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.08 vs. price of $0.11 (32.7% above fair value)
  • GF Score™: 48/100 with 6 warning signs

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


PT Unilever Indonesia Tbk Business Description

Address Jl. BSD Boulevard Barat, Green Office Park Kavling 3, Grha Unilever, BSD City, Tangerang, IDN, 15345
PT Unilever Indonesia Tbk is an Indonesian company engaged in Manufacturing, marketing, and distributing consumer goods. It offers diverse, ranging from cosmetics and hygienic items (detergents, soaps, shampoos, skin care, toothpastes, and deodorants) to food and beverages (tea, coffee, and packaged foods). Its product portfolio contains products such as Pepsodent, Lux, Lifebuoy, Dove, Sunsilk, Clear, Rexona, Vaseline, Rinso, Molto, Sunlight, Royco, Bango, and more. The segments of the company are: the Home and Personal Care, which relates to the cleaning products that are used in the household and cosmetic products; and the Foods and Refreshment, which offers food and beverage products including ice cream. It derives maximum revenue from the Home and Personal Care segment.
48GF Score

Get the complete analysis for UNLRF

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

$0.11
Price
$0.08
GF Value