PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) Graham Number: Rp161.61 (As of Mar. 2026) — 31588% 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.

ISX:IPOL PT Indopoly Swakarsa Industry Tbk ISX:IPOL
62 GF Score
Price Rp106.00
GF Value Rp165.53
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is PT Indopoly Swakarsa Industry Tbk Graham Number?

PT Indopoly Swakarsa Industry Tbk ISX:IPOL -0.93% 62 Graham Number is Rp161.61 as of Mar. 2026, which is 100% below its 10-year median of 0.51. GuruFocus rates ISX:IPOL with a GF Score™ of 62/100 and a GF Value™ of Rp165.53 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 291 Packaging & Containers companies, PT Indopoly Swakarsa Industry Tbk ranks better than 72.16% 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.

As of today (2026-07-17), the stock price of PT Indopoly Swakarsa Industry Tbk is Rp106.00. PT Indopoly Swakarsa Industry Tbk's graham number for the quarter that ended in Mar. 2026 was Rp161.61. Therefore, PT Indopoly Swakarsa Industry Tbk's Price to Graham Number ratio for today is 0.66.

The historical rank and industry rank for PT Indopoly Swakarsa Industry Tbk's Graham Number or its related term are showing as below:

ISX:IPOL' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.2   Med: 0.51   Max: 2.5
Current: 0.66

During the past 13 years, the highest Price to Graham Number ratio of PT Indopoly Swakarsa Industry Tbk was 2.50. The lowest was 0.20. And the median was 0.51.

ISX:IPOL's Price-to-Graham-Number is ranked better than
72.16% of 291 companies
in the Packaging & Containers industry
Industry Median: 1.01 vs ISX:IPOL: 0.66

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


PT Indopoly Swakarsa Industry Tbk  (ISX:IPOL) 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 Indopoly Swakarsa Industry Tbk's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=106.00/161.61
=0.66

* 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 Indopoly Swakarsa Industry Tbk Graham Number Related Terms


PT Indopoly Swakarsa Industry Tbk Graham Number Historical Data

* Premium members only.

The historical data trend for PT Indopoly Swakarsa Industry Tbk's Graham Number 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 Indopoly Swakarsa Industry Tbk Graham Number Chart

PT Indopoly Swakarsa Industry Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 417.50 263.55 71.15 153.16 159.48

PT Indopoly Swakarsa Industry Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number 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 172.69 168.29 152.51 155.09 161.61

ISX:IPOL vs SW, PKG, IP: Graham Number Comparison

For the Packaging & Containers subindustry, PT Indopoly Swakarsa Industry 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 Indopoly Swakarsa Industry Tbk Price-to-Graham-Number vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Indopoly Swakarsa Industry Tbk's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where PT Indopoly Swakarsa Industry Tbk's Price-to-Graham-Number falls into.


ISX:IPOL
62GF Score
PT Indopoly Swakarsa Industry Tbk ISX:IPOL
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indopoly Swakarsa Industry Tbk Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

PT Indopoly Swakarsa Industry Tbk's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*442.263*2.556)
=159.48

PT Indopoly Swakarsa Industry Tbk's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*450.626*2.576)
=161.61

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of Rp161.61 mean?
PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) has a Graham Number of Rp161.61 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Indopoly Swakarsa Industry Tbk and its competitors. This is 31588% above median its historical median of 0.51. Over the past decade, PT Indopoly Swakarsa Industry Tbk's Graham Number has ranged from 0.20 to 2.50. According to the industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #81 out of 291 companies in the Packaging & Containers industry, placing it in the top 27.8%.
Is PT Indopoly Swakarsa Industry Tbk's Graham Number too high?
PT Indopoly Swakarsa Industry Tbk's current Graham Number of Rp161.61 is 31588% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 2.50. Based on the distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #81 out of 291 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, PT Indopoly Swakarsa Industry Tbk has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Indopoly Swakarsa Industry Tbk's Graham Number compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, PT Indopoly Swakarsa Industry Tbk ranks #81 out of 291 companies for Graham Number. This puts PT Indopoly Swakarsa Industry Tbk in the upper half of its industry. The industry median Graham Number is 1.01. Historically, PT Indopoly Swakarsa Industry Tbk's own Graham Number has ranged from 0.20 to 2.50 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 Packaging & Containers company?
The median Graham Number among Packaging & Containers companies is 1.01, based on 291 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 Indopoly Swakarsa Industry Tbk and its competitors. For the Packaging & Containers industry, the median Graham Number is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indopoly Swakarsa Industry Tbk's current Graham Number is Rp161.61, which is 31588% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indopoly Swakarsa Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk (ISX:IPOL) is currently considered Possible Value Trap. The stock's GF Value™ is Rp165.53, compared to a current price of Rp106.00 — trading 36% below its estimated fair value. The current Graham Number is Rp161.61, which is 31588% above median its 10-year median of 0.51. PT Indopoly Swakarsa Industry Tbk's overall GF Score™ is 62/100 with 6 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL), the current Graham Number is Rp161.61 as of Mar. 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 Indopoly Swakarsa Industry Tbk (ISX:IPOL) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indopoly Swakarsa Industry Tbk stock appears to be undervalued. The current stock price of Rp106.00 is trading 36% below its estimated GF Value™ of Rp165.53. GuruFocus considers PT Indopoly Swakarsa Industry Tbk to be Possible Value Trap.

Key valuation signals for ISX:IPOL:

  • Graham Number: Rp161.61 (31588% above median its 10-year median of 0.51)
  • GF Value™: Rp165.53 vs. price of Rp106.00 (36% below fair value)
  • GF Score™: 62/100 with 6 warning signs

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


PT Indopoly Swakarsa Industry Tbk Business Description

Address Jalan Jenderal Sudirman Kav. 70-71, Wisma Indosemen, 6th Floor, Jakarta, IDN, 12910
PT Indopoly Swakarsa Industry Tbk is an Indonesia-based company engaged in the manufacturing of biaxially-oriented polypropylene (BOPP) and biaxially-oriented polyester (BOPET) films for the flexible packaging industry. The company manufactures films that are being used in cigarette packaging, food packaging, non-food packaging, graphic media, green packaging, label, and other custom purposes. Its products are marketed under the brand name Ilene. The firm also manufactures specialty products such as oxo-biodegradable films, breathable films, and high barrier films. It offers its products to both the Indonesian market and international markets such as China, the United States, and others from which Indonesia derives a majority of its revenue to the company.
62GF Score

Get the complete analysis for ISX:IPOL

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp106.00
Price
Rp165.53
GF Value