PT Gudang Garam TbkGGNPF +8.66%51 PB Ratio is 0.49 as of Jun. 26, 2026, which is 57% below its 10-year median of 1.15. GuruFocus rates GGNPF with a GF Score™ of 51/100 and a GF Value™ of $0.85 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 42 Tobacco Products companies, PT Gudang Garam Tbk ranks better than 88.1% on this metric.
PT Gudang Garam Tbk stock PB Ratio (=0.5) is close to 1-year high of 0.54.
The historical rank and industry rank for PT Gudang Garam Tbk's PB Ratio or its related term are showing as below:
GGNPF'
s PB Ratio Range Over the Past 10 Years
Min: 0.27 Med: 1.15 Max: 4.17
Current: 0.5
During the past 13 years, PT Gudang Garam Tbk's highest PB Ratio was 4.17. The lowest was 0.27. And the median was 1.15.
GGNPF's PB Ratio is ranked better than 88.1% of 42
companies
in the Tobacco Products industry
Industry Median: 2.575
vs GGNPF: 0.50
During the past 12 months, PT Gudang Garam Tbk's average Book Value Per Share Growth Rate was 3.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of PT Gudang Garam Tbk was 18.40% per year. The lowest was 1.30% per year. And the median was 9.20% per year.
Back to Basics: PB Ratio
PT Gudang Garam Tbk (OTCPK:GGNPF) PB Ratio Explanation
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.
PT Gudang Garam Tbk PB Ratio Related Terms
PT Gudang Garam Tbk PB Ratio Historical Data
* Premium members only.
The historical data trend for PT Gudang Garam 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.
For the Tobacco subindustry, PT Gudang Garam 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.
PT Gudang Garam Tbk PB Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's PB Ratio distribution charts can be found below:
* The bar in red indicates where PT Gudang Garam Tbk's PB Ratio falls into.
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.
* 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.
PT Gudang Garam Tbk (GGNPF) has a PB Ratio of 0.49 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PT Gudang Garam Tbk and its competitors. This is 57% below median its historical median of 1.15. Over the past decade, PT Gudang Garam Tbk's PB Ratio has ranged from 0.27 to 4.17. According to the industry distribution chart, PT Gudang Garam Tbk ranks #5 out of 42 companies in the Tobacco Products industry, placing it in the top 11.9%.
Is PT Gudang Garam Tbk's PB Ratio too high?
PT Gudang Garam Tbk's current PB Ratio of 0.49 is 57% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 4.17. The Tobacco Products industry median PB Ratio is 2.58. PT Gudang Garam Tbk's value of 0.49 is 81% below this industry median. Based on the distribution chart, PT Gudang Garam Tbk ranks #5 out of 42 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, PT Gudang Garam Tbk has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Gudang Garam Tbk's PB Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, PT Gudang Garam Tbk ranks #5 out of 42 companies for PB Ratio. This places PT Gudang Garam Tbk in the top 12% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.58. PT Gudang Garam Tbk's value of 0.49 is 81% below this benchmark. Historically, PT Gudang Garam Tbk's own PB Ratio has ranged from 0.27 to 4.17 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 2.58, PT Gudang Garam 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 PB Ratio for a Tobacco Products company?
The median PB Ratio among Tobacco Products companies is 2.58, based on 42 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. PT Gudang Garam Tbk's current PB Ratio of 0.49 is 81% 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 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 PT Gudang Garam Tbk and its competitors. For the Tobacco Products industry, the median PB Ratio is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gudang Garam Tbk's current PB Ratio is 0.49, which is 57% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gudang Garam Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gudang Garam Tbk (GGNPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.85, compared to a current price of $0.96 — trading 13.1% above its estimated fair value. The current PB Ratio is 0.49, which is 57% below median its 10-year median of 1.15 and 81% below the Tobacco Products industry median of 2.58. PT Gudang Garam Tbk's overall GF Score™ is 51/100 with 9 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 PT Gudang Garam Tbk (GGNPF), the current PB Ratio is 0.49 as of Jun. 26, 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 Gudang Garam Tbk (GGNPF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Gudang Garam Tbk stock appears to be overvalued.
The current stock price of $0.96 is trading 13.1% above its estimated GF Value™ of $0.85.
GuruFocus considers PT Gudang Garam Tbk to be Modestly Overvalued.
Key valuation signals for GGNPF:
PB Ratio: 0.49 (57% below median its 10-year median of 1.15)
GF Value™: $0.85 vs. price of $0.96 (13.1% above fair value)
Industry Position: 81% below the Tobacco Products median (#5 of 42)
No single metric tells the full story. See the GGNPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of revenue from sale of Cigarettes.
51GF Score
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