PT Bakrie & Brothers Tbk (ISX:BNBR) Cyclically Adjusted PS Ratio: 0.18 (As of Sep. 03, 2026) — 95% Below 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.

ISX:BNBR PT Bakrie & Brothers Tbk ISX:BNBR
42 GF Score
Price Rp101.00
GF Value Rp17.80
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is PT Bakrie & Brothers Tbk Cyclically Adjusted PS Ratio?

PT Bakrie & Brothers Tbk ISX:BNBR 42 Cyclically Adjusted PS Ratio is 0.18 as of Sep. 03, 2026, which is 95% below its 10-year median of 3.28. GuruFocus rates ISX:BNBR with a GF Score™ of 42/100 and a GF Value™ of Rp17.80 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 459 Conglomerates companies, PT Bakrie & Brothers Tbk ranks better than 85.4% on this metric.

As of today (2026-09-03), PT Bakrie & Brothers Tbk's current share price is Rp101.00. PT Bakrie & Brothers Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp558.39. PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio for today is 0.18.

The historical rank and industry rank for PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio or its related term are showing as below:

ISX:BNBR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.03   Med: 3.28   Max: 5.34
Current: 0.18

During the past years, PT Bakrie & Brothers Tbk's highest Cyclically Adjusted PS Ratio was 5.34. The lowest was 0.03. And the median was 3.28.

ISX:BNBR's Cyclically Adjusted PS Ratio is ranked better than
85.4% of 459 companies
in the Conglomerates industry
Industry Median: 0.8 vs ISX:BNBR: 0.18

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

PT Bakrie & Brothers Tbk's adjusted revenue per share data for the three months ended in Jun. 2026 was Rp8.401. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is Rp558.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bakrie & Brothers Tbk  (ISX:BNBR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


PT Bakrie & Brothers Tbk Cyclically Adjusted PS Ratio Related Terms


PT Bakrie & Brothers Tbk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PT Bakrie & Brothers Tbk's Cyclically Adjusted PS 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 Bakrie & Brothers Tbk Cyclically Adjusted PS Ratio Chart

PT Bakrie & Brothers Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.24 5.34 0.08 0.06 0.23

PT Bakrie & Brothers 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 PS 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 0.05 0.10 0.23 0.19 0.15

ISX:BNBR vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Bakrie & Brothers Tbk Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio falls into.


ISX:BNBR
42GF Score
PT Bakrie & Brothers Tbk ISX:BNBR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bakrie & Brothers Tbk Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=101.00/558.39
=0.18

* 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 Bakrie & Brothers Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bakrie & Brothers Tbk's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.401/137.6954*137.6954
=8.401

Current CPI (Jun. 2026) = 137.6954.

PT Bakrie & Brothers Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 47.339 104.142 62.591
201612 67.554 105.222 88.402
201703 52.770 106.476 68.243
201706 64.336 107.722 82.238
201709 59.919 108.020 76.380
201712 65.372 109.017 82.569
201803 68.239 110.097 85.345
201806 70.218 111.085 87.039
201809 6.699 111.135 8.300
201812 45.345 112.430 55.535
201903 502.462 112.829 613.202
201906 395.327 114.730 474.458
201909 398.807 114.905 477.909
201912 399.682 115.486 476.546
202003 399.815 116.252 473.562
202006 291.119 116.630 343.701
202009 346.555 116.397 409.969
202012 249.496 117.318 292.832
202103 282.014 117.840 329.532
202106 187.104 118.184 217.994
202109 239.770 118.262 279.171
202112 36.327 119.516 41.853
202203 26.850 120.948 30.568
202206 34.510 123.322 38.532
202209 49.458 125.298 54.351
202212 60.074 126.098 65.599
202303 38.211 126.953 41.444
202306 51.765 127.663 55.833
202309 50.884 128.151 54.674
202312 3.662 129.395 3.897
202403 39.079 130.607 41.200
202406 5.050 130.792 5.317
202409 20.707 130.361 21.872
202412 5.696 131.432 5.967
202503 5.501 131.948 5.741
202506 4.748 133.241 4.907
202509 5.056 133.819 5.202
202512 6.279 135.271 6.392
202603 6.546 136.539 6.601
202606 8.401 137.695 8.401

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.18 mean?
PT Bakrie & Brothers Tbk (ISX:BNBR) has a Cyclically Adjusted PS Ratio of 0.18 as of Sep. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Bakrie & Brothers Tbk and its competitors. This is 95% below median its historical median of 3.28. Over the past decade, PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio has ranged from 0.03 to 5.34. According to the industry distribution chart, PT Bakrie & Brothers Tbk ranks #67 out of 459 companies in the Conglomerates industry, placing it in the top 14.6%.
Is PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio too high?
PT Bakrie & Brothers Tbk's current Cyclically Adjusted PS Ratio of 0.18 is 95% below median its 10-year median of 3.28. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 5.34. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.80. PT Bakrie & Brothers Tbk's value of 0.18 is 77.5% below this industry median. Based on the distribution chart, PT Bakrie & Brothers Tbk ranks #67 out of 459 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, PT Bakrie & Brothers Tbk has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Bakrie & Brothers Tbk's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, PT Bakrie & Brothers Tbk ranks #67 out of 459 companies for Cyclically Adjusted PS Ratio. This places PT Bakrie & Brothers Tbk in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.80. PT Bakrie & Brothers Tbk's value of 0.18 is 77.5% below this benchmark. Historically, PT Bakrie & Brothers Tbk's own Cyclically Adjusted PS Ratio has ranged from 0.03 to 5.34 over the past decade. While the company's 10-year median is 3.28 vs. the industry median of 0.80, PT Bakrie & Brothers 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 PS Ratio for a Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.80, based on 459 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Bakrie & Brothers Tbk's current Cyclically Adjusted PS Ratio of 0.18 is 77.5% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PT Bakrie & Brothers Tbk and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bakrie & Brothers Tbk's current Cyclically Adjusted PS Ratio is 0.18, which is 95% below median its own 10-year median of 3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bakrie & Brothers Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bakrie & Brothers Tbk (ISX:BNBR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp17.80, compared to a current price of Rp101.00 — trading 467.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.18, which is 95% below median its 10-year median of 3.28 and 77.5% below the Conglomerates industry median of 0.80. PT Bakrie & Brothers Tbk's overall GF Score™ is 42/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PT Bakrie & Brothers Tbk (ISX:BNBR), the current Cyclically Adjusted PS Ratio is 0.18 as of Sep. 03, 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 Bakrie & Brothers Tbk (ISX:BNBR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bakrie & Brothers Tbk stock appears to be overvalued. The current stock price of Rp101.00 is trading 467.4% above its estimated GF Value™ of Rp17.80. GuruFocus considers PT Bakrie & Brothers Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BNBR:

  • Cyclically Adjusted PS Ratio: 0.18 (95% below median its 10-year median of 3.28)
  • GF Value™: Rp17.80 vs. price of Rp101.00 (467.4% above fair value)
  • GF Score™: 42/100 with 8 warning signs
  • Industry Position: 77.5% below the Conglomerates median (#67 of 459)

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


PT Bakrie & Brothers Tbk Business Description

Other Exchanges LFU2:Germany
Address Jalan HR Rasuna Said, Bakrie Tower, 35th - 37th Floor, Rasuna Epicentrum Complex, Jakarta, IDN, 12940
PT Bakrie & Brothers Tbk is an investment holding company. Its activities comprise general trading, construction, agriculture, mining, steel pipe manufacturing, building materials and other construction products, telecommunication systems, electronic and electrical goods, and investment including equity investment in other companies. The company's operating segment includes Infrastructure and Manufacturing, Fabrication and Construction services, Trading, Services and Investment. The company generates majority of its revenue from the Manufacturing segment.
42GF Score

Get the complete analysis for ISX:BNBR

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

Rp101.00
Price
Rp17.80
GF Value