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PT Alkindo Naratama TbkISX:ALDO +1.23%63 Graham Number is Rp551.70 as of Jun. 2026, which is 100% below its 10-year median of 1.14. GuruFocus rates ISX:ALDO with a GF Score™ of 63/100 and a GF Value™ of Rp626.21 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 169 Forest Products companies, PT Alkindo Naratama Tbk ranks worse than 75.15% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
PT Alkindo Naratama Tbk (ISX:ALDO) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
PT Alkindo Naratama Tbk's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
820.00
/
551.70
=
1.49
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
PT Alkindo Naratama Tbk Graham Number Related Terms
PT Alkindo Naratama Tbk Graham Number Historical Data
* 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.
For the Paper & Paper Products subindustry, PT Alkindo Naratama Tbk's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Alkindo Naratama Tbk Price-to-Graham-Number vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where PT Alkindo Naratama Tbk's Price-to-Graham-Number falls into.
* 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 Alkindo Naratama Tbk (ISX:ALDO) has a Graham Number of Rp551.70 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Alkindo Naratama Tbk and its competitors. This is 48295% above median its historical median of 1.14. Over the past decade, PT Alkindo Naratama Tbk's Graham Number has ranged from 0.45 to 7.65. According to the industry distribution chart, PT Alkindo Naratama Tbk ranks #127 out of 169 companies in the Forest Products industry, placing it in the top 75.1%.
Is PT Alkindo Naratama Tbk's Graham Number too high?
PT Alkindo Naratama Tbk's current Graham Number of Rp551.70 is 48295% above median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 7.65. Based on the distribution chart, PT Alkindo Naratama Tbk ranks #127 out of 169 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Alkindo Naratama Tbk has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Alkindo Naratama Tbk's Graham Number compare to SLVM?
According to the Forest Products industry distribution chart, PT Alkindo Naratama Tbk ranks #127 out of 169 companies for Graham Number. This places PT Alkindo Naratama Tbk in the lower half of its industry. The industry median Graham Number is 0.88. Historically, PT Alkindo Naratama Tbk's own Graham Number has ranged from 0.45 to 7.65 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Forest Products company?
The median Graham Number among Forest Products companies is 0.88, based on 169 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Alkindo Naratama Tbk and its competitors. For the Forest Products industry, the median Graham Number is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alkindo Naratama Tbk's current Graham Number is Rp551.70, which is 48295% above median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alkindo Naratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk (ISX:ALDO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp626.21, compared to a current price of Rp820.00 — trading 30.9% above its estimated fair value. The current Graham Number is Rp551.70, which is 48295% above median its 10-year median of 1.14. PT Alkindo Naratama Tbk's overall GF Score™ is 63/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For PT Alkindo Naratama Tbk (ISX:ALDO), the current Graham Number is Rp551.70 as of Jun. 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 Alkindo Naratama Tbk (ISX:ALDO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk stock appears to be overvalued.
The current stock price of Rp820.00 is trading 30.9% above its estimated GF Value™ of Rp626.21.
GuruFocus considers PT Alkindo Naratama Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ALDO:
Graham Number: Rp551.70 (48295% above median its 10-year median of 1.14)
GF Value™: Rp626.21 vs. price of Rp820.00 (30.9% above fair value)
No single metric tells the full story. See the ISX:ALDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Alkindo Naratama Tbk is an Indonesian business group engaged in providing solutions in the field of integrated paper production and chemicals. It converts waste paper into various paper packaging products such as papercore, paperbox, paperbag, papercup, paperbowl, hexa wrap, etc. Additionally, it offers industrial paper solutions by recycling used cardboard into jumbo rolls of brown paper into products such as Kraft Liner, Eco Board, and Core Board. In the Chemicals business, the Group offers water-based polymers, textile dyes, and other chemicals under brands and trademarks like Alfachem, Alfabond, Alfacoat, and Archroma. The Group's operating business segments are: Paper, which generates the maximum revenue, and Chemicals and others.
63GF Score
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