PT Calculus Global Ventures Tbk (ISX:STAR) PB Ratio: 2.48 (As of Jul. 01, 2026) — 156% Above Median


ISX:STAR PT Calculus Global Ventures Tbk ISX:STAR
59 GF Score
Price Rp280.00
GF Value Rp111.36
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Calculus Global Ventures Tbk PB Ratio?

PT Calculus Global Ventures Tbk ISX:STAR 59 PB Ratio is 2.48 as of Jul. 01, 2026, which is 156% above its 10-year median of 0.97. GuruFocus rates ISX:STAR with a GF Score™ of 59/100 and a GF Value™ of Rp111.36 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,599 Asset Management companies, PT Calculus Global Ventures Tbk ranks worse than 88.31% 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 (2026-07-01), PT Calculus Global Ventures Tbk's share price is Rp280.00. PT Calculus Global Ventures Tbk's Book Value per Share for the quarter that ended in Mar. 2026 was Rp113.11. Hence, PT Calculus Global Ventures Tbk's PB Ratio of today is 2.48.

The historical rank and industry rank for PT Calculus Global Ventures Tbk's PB Ratio or its related term are showing as below:

ISX:STAR' s PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.97   Max: 6.96
Current: 2.47

During the past 13 years, PT Calculus Global Ventures Tbk's highest PB Ratio was 6.96. The lowest was 0.18. And the median was 0.97.

ISX:STAR's PB Ratio is ranked worse than
88.31% of 1599 companies
in the Asset Management industry
Industry Median: 0.96 vs ISX:STAR: 2.47

During the past 12 months, PT Calculus Global Ventures Tbk's average Book Value Per Share Growth Rate was 4.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of PT Calculus Global Ventures Tbk was 19.70% per year. The lowest was -39.10% per year. And the median was 0.20% per year.

Back to Basics: PB Ratio


PT Calculus Global Ventures Tbk  (ISX:STAR) 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.


PT Calculus Global Ventures Tbk PB Ratio Related Terms


PT Calculus Global Ventures Tbk PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Calculus Global Ventures 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.

PT Calculus Global Ventures Tbk PB Ratio Chart

PT Calculus Global Ventures 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 1.41 1.29 1.01 0.47 3.82

PT Calculus Global Ventures 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 0.19 0.25 0.70 3.82 5.30

ISX:STAR vs BLK, BX, KKR: PB Ratio Comparison

For the Asset Management subindustry, PT Calculus Global Ventures 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 Calculus Global Ventures Tbk PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PT Calculus Global Ventures Tbk's PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Calculus Global Ventures Tbk's PB Ratio falls into.


ISX:STAR
59GF Score
PT Calculus Global Ventures Tbk ISX:STAR
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Calculus Global Ventures 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.

PT Calculus Global Ventures Tbk's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=280.00/113.111
=2.48

* 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 2.48 mean?
PT Calculus Global Ventures Tbk (ISX:STAR) has a PB Ratio of 2.48 as of Jul. 01, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PT Calculus Global Ventures Tbk and its competitors. This is 156% above median its historical median of 0.97. Over the past decade, PT Calculus Global Ventures Tbk's PB Ratio has ranged from 0.18 to 6.96. According to the industry distribution chart, PT Calculus Global Ventures Tbk ranks #1412 out of 1599 companies in the Asset Management industry, placing it in the top 88.3%.
Is PT Calculus Global Ventures Tbk's PB Ratio too high?
PT Calculus Global Ventures Tbk's current PB Ratio of 2.48 is 156% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 6.96. The Asset Management industry median PB Ratio is 0.96. PT Calculus Global Ventures Tbk's value of 2.48 is 158.3% above this industry median. Based on the distribution chart, PT Calculus Global Ventures Tbk ranks #1412 out of 1599 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, PT Calculus Global Ventures Tbk has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Calculus Global Ventures Tbk's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Calculus Global Ventures Tbk ranks #1412 out of 1599 companies for PB Ratio. This places PT Calculus Global Ventures Tbk in the lower half of its industry. The industry median PB Ratio is 0.96. PT Calculus Global Ventures Tbk's value of 2.48 is 158.3% above this benchmark. Historically, PT Calculus Global Ventures Tbk's own PB Ratio has ranged from 0.18 to 6.96 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.96, PT Calculus Global Ventures 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,599 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 Calculus Global Ventures Tbk's current PB Ratio of 2.48 is 158.3% 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 PT Calculus Global Ventures Tbk and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Calculus Global Ventures Tbk's current PB Ratio is 2.48, which is 156% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Calculus Global Ventures Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk (ISX:STAR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp111.36, compared to a current price of Rp280.00 — trading 151.4% above its estimated fair value. The current PB Ratio is 2.48, which is 156% above median its 10-year median of 0.97 and 158.3% above the Asset Management industry median of 0.96. PT Calculus Global Ventures Tbk's overall GF Score™ is 59/100 with 1 warning sign 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 Calculus Global Ventures Tbk (ISX:STAR), the current PB Ratio is 2.48 as of Jul. 01, 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 Calculus Global Ventures Tbk (ISX:STAR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Calculus Global Ventures Tbk stock appears to be overvalued. The current stock price of Rp280.00 is trading 151.4% above its estimated GF Value™ of Rp111.36. GuruFocus considers PT Calculus Global Ventures Tbk to be Significantly Overvalued.

Key valuation signals for ISX:STAR:

  • PB Ratio: 2.48 (156% above median its 10-year median of 0.97)
  • GF Value™: Rp111.36 vs. price of Rp280.00 (151.4% above fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 158.3% above the Asset Management median (#1412 of 1599)

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


PT Calculus Global Ventures Tbk Business Description

Address Jalan MH. Thamrin Number 1, Menara BCA Lot 45, Grand Indonesia, Jakarta Pusat, Jakarta, IDN, 10310
PT Calculus Global Ventures Tbk, formerly known as PT Buana Artha Anugerah Tbk, operates in the business area of investment management, particularly in asset management. The company is engaged in the management consulting business. The products of the company consist of mutual funds includes including foster equity fund, foster fixed income, and foster money market and management of securities portfolio. The company segments consist of investment management services and others.
59GF Score

Get the complete analysis for ISX:STAR

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

Rp280.00
Price
Rp111.36
GF Value