PTranacentral Bajatama Tbk (ISX:BAJA) PB Ratio: 27.64 (As of Jul. 18, 2026) — 1156% 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:BAJA PT Saranacentral Bajatama Tbk ISX:BAJA
55 GF Score
Price Rp167.00
GF Value Rp114.97
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is PTranacentral Bajatama Tbk PB Ratio?

PTranacentral Bajatama Tbk ISX:BAJA +0.60% 55 PB Ratio is 27.64 as of Jul. 18, 2026, which is 1156% above its 10-year median of 2.20. GuruFocus rates ISX:BAJA with a GF Score™ of 55/100 and a GF Value™ of Rp114.97 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 610 Steel companies, PTranacentral Bajatama Tbk ranks worse than 99.34% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-18), PTranacentral Bajatama Tbk's share price is Rp167.00. PTranacentral Bajatama Tbk's Book Value per Share for the quarter that ended in Mar. 2026 was Rp6.04. Hence, PTranacentral Bajatama Tbk's PB Ratio of today is 27.64.

Warning Sign:

PT Saranacentral Bajatama Tbk stock PB Ratio (=26.48) is close to 10-year high of 27.3.

The historical rank and industry rank for PTranacentral Bajatama Tbk's PB Ratio or its related term are showing as below:

ISX:BAJA' s PB Ratio Range Over the Past 10 Years
Min: 1.21   Med: 2.2   Max: 27.97
Current: 27.64

During the past 13 years, PTranacentral Bajatama Tbk's highest PB Ratio was 27.97. The lowest was 1.21. And the median was 2.20.

ISX:BAJA's PB Ratio is ranked worse than
99.34% of 610 companies
in the Steel industry
Industry Median: 0.985 vs ISX:BAJA: 27.64

During the past 12 months, PTranacentral Bajatama Tbk's average Book Value Per Share Growth Rate was -71.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -42.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -31.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -12.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of PTranacentral Bajatama Tbk was 41.40% per year. The lowest was -42.20% per year. And the median was -9.00% per year.

Back to Basics: PB Ratio


PTranacentral Bajatama Tbk  (ISX:BAJA) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


PTranacentral Bajatama Tbk PB Ratio Related Terms


PTranacentral Bajatama Tbk PB Ratio Historical Data

* Premium members only.

The historical data trend for PTranacentral Bajatama Tbk's 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.

PTranacentral Bajatama Tbk PB Ratio Chart

PTranacentral Bajatama Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.78 2.03 1.99 2.93 13.79

PTranacentral Bajatama Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.69 5.18 8.34 13.79 24.66

ISX:BAJA vs NUE, STLD, RS: PB Ratio Comparison

For the Steel subindustry, PTranacentral Bajatama Tbk's PB Ratio, along with its competitors' market caps and 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.


PTranacentral Bajatama Tbk PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, PTranacentral Bajatama Tbk's PB Ratio distribution charts can be found below:

* The bar in red indicates where PTranacentral Bajatama Tbk's PB Ratio falls into.


ISX:BAJA
55GF Score
PT Saranacentral Bajatama Tbk ISX:BAJA
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PTranacentral Bajatama Tbk PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

PTranacentral Bajatama Tbk's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=167.00/6.043
=27.64

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 27.64 mean?
PTranacentral Bajatama Tbk (ISX:BAJA) has a PB Ratio of 27.64 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PTranacentral Bajatama Tbk and its competitors. This is 1156% above median its historical median of 2.20. Over the past decade, PTranacentral Bajatama Tbk's PB Ratio has ranged from 1.21 to 27.97. According to the industry distribution chart, PTranacentral Bajatama Tbk ranks #606 out of 610 companies in the Steel industry, placing it in the top 99.3%.
Is PTranacentral Bajatama Tbk's PB Ratio too high?
PTranacentral Bajatama Tbk's current PB Ratio of 27.64 is 1156% above median its 10-year median of 2.20. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 27.97. The Steel industry median PB Ratio is 0.99. PTranacentral Bajatama Tbk's value of 27.64 is 2706.1% above this industry median. Based on the distribution chart, PTranacentral Bajatama Tbk ranks #606 out of 610 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, PTranacentral Bajatama Tbk has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTranacentral Bajatama Tbk's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, PTranacentral Bajatama Tbk ranks #606 out of 610 companies for PB Ratio. This places PTranacentral Bajatama Tbk in the lower half of its industry. The industry median PB Ratio is 0.99. PTranacentral Bajatama Tbk's value of 27.64 is 2706.1% above this benchmark. Historically, PTranacentral Bajatama Tbk's own PB Ratio has ranged from 1.21 to 27.97 over the past decade. While the company's 10-year median is 2.20 vs. the industry median of 0.99, PTranacentral Bajatama Tbk has consistently been above 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 PB Ratio for a Steel company?
The median PB Ratio among Steel companies is 0.99, based on 610 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PTranacentral Bajatama Tbk's current PB Ratio of 27.64 is 2706.1% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PTranacentral Bajatama Tbk and its competitors. For the Steel industry, the median PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTranacentral Bajatama Tbk's current PB Ratio is 27.64, which is 1156% above median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTranacentral Bajatama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTranacentral Bajatama Tbk (ISX:BAJA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp114.97, compared to a current price of Rp167.00 — trading 45.3% above its estimated fair value. The current PB Ratio is 27.64, which is 1156% above median its 10-year median of 2.20 and 2706.1% above the Steel industry median of 0.99. PTranacentral Bajatama Tbk's overall GF Score™ is 55/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For PTranacentral Bajatama Tbk (ISX:BAJA), the current PB Ratio is 27.64 as of Jul. 18, 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 PTranacentral Bajatama Tbk (ISX:BAJA) Overvalued in 2026?

Based on GuruFocus' analysis, PTranacentral Bajatama Tbk stock appears to be overvalued. The current stock price of Rp167.00 is trading 45.3% above its estimated GF Value™ of Rp114.97. GuruFocus considers PTranacentral Bajatama Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BAJA:

  • PB Ratio: 27.64 (1156% above median its 10-year median of 2.20)
  • GF Value™: Rp114.97 vs. price of Rp167.00 (45.3% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 2706.1% above the Steel median (#606 of 610)

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


PTranacentral Bajatama Tbk Business Description

Address Jalan Pangeran Jayakarta No. 55, Gedung Baja Tower B, Lantai 6, Mangga Dua Selatan, Sawah Besar, Jakarta Pusat, Jakarta, IDN, 10730
PT Saranacentral Bajatama Tbk is involved in the manufacture and sale of steel products in Indonesia. The company manufactures three types of coated steel products, namely, galvanized steel, Saranalume aluminum-zinc-coated steel, and Sarancolor painted zinc-coated steel. The company's products are used in various applications, including building, electrical machinery, and motor vehicles. The company has four reportable segments, including galvanized, saranalume, coloring, and non-production. The company derives the majority of its revenue from the Saranalume segment.
55GF Score

Get the complete analysis for ISX:BAJA

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

Rp167.00
Price
Rp114.97
GF Value