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PT Gudang Garam Tbk (ISX:GGRM) Cyclically Adjusted PB Ratio : 0.67 (As of May. 26, 2024)


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What is PT Gudang Garam Tbk Cyclically Adjusted PB Ratio?

As of today (2024-05-26), PT Gudang Garam Tbk's current share price is Rp19100.00. PT Gudang Garam Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp28,364.10. PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio for today is 0.67.

The historical rank and industry rank for PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:GGRM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.56   Max: 4.86
Current: 0.67

During the past years, PT Gudang Garam Tbk's highest Cyclically Adjusted PB Ratio was 4.86. The lowest was 0.63. And the median was 1.56.

ISX:GGRM's Cyclically Adjusted PB Ratio is ranked better than
74.19% of 31 companies
in the Tobacco Products industry
Industry Median: 2.64 vs ISX:GGRM: 0.67

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

PT Gudang Garam Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp31,941.512. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is Rp28,364.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Gudang Garam Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Gudang Garam Tbk's Cyclically Adjusted 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.

* Premium members only.

PT Gudang Garam Tbk Cyclically Adjusted PB Ratio Chart

PT Gudang Garam Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 1.84 1.29 0.69 0.73

PT Gudang Garam Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted 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 0.98 1.02 0.90 0.73 0.70

Competitive Comparison of PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio

For the Tobacco subindustry, PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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's Cyclically Adjusted PB Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio falls into.



PT Gudang Garam Tbk Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19100.00/28364.1
=0.67

* 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 Gudang Garam Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PT Gudang Garam Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=31941.512/130.6070*130.6070
=31,941.512

Current CPI (Mar. 2024) = 130.6070.

PT Gudang Garam Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 15,819.257 93.015 22,212.655
201409 16,510.466 94.576 22,800.525
201412 17,151.046 98.819 22,668.086
201503 17,863.970 98.388 23,713.959
201506 17,646.248 99.766 23,101.269
201509 18,532.191 101.037 23,956.011
201512 19,697.666 102.133 25,189.293
201603 20,577.796 102.764 26,153.194
201606 18,588.918 103.212 23,522.805
201609 19,489.174 104.142 24,441.750
201612 20,522.438 105.222 25,473.538
201703 21,500.285 106.476 26,372.989
201706 19,538.441 107.722 23,689.395
201709 20,730.374 108.020 25,065.006
201712 21,917.416 109.017 26,258.020
201803 22,900.770 110.097 27,167.084
201806 21,164.889 111.085 24,884.459
201809 22,310.624 111.135 26,219.794
201812 23,456.924 112.430 27,249.321
201903 24,681.052 112.829 28,570.070
201906 23,081.872 114.730 26,276.029
201909 24,621.441 114.905 27,986.108
201912 26,470.021 115.486 29,935.863
202003 27,741.587 116.252 31,167.086
202006 28,455.792 116.630 31,866.004
202009 29,405.033 116.397 32,994.977
202012 30,415.629 117.318 33,860.880
202103 31,323.352 117.840 34,717.040
202106 31,616.496 118.184 34,939.917
202109 29,998.744 118.262 33,130.303
202112 30,813.636 119.516 33,673.091
202203 31,373.329 120.948 33,878.771
202206 29,060.571 123.322 30,777.166
202209 29,341.973 125.298 30,585.124
202212 30,069.226 126.098 31,144.513
202303 31,089.700 126.953 31,984.659
202306 30,578.200 127.663 31,283.380
202309 31,185.735 128.151 31,783.307
202312 31,631.978 129.395 31,928.338
202403 31,941.512 130.607 31,941.512

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


PT Gudang Garam Tbk  (ISX:GGRM) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PT Gudang Garam Tbk Cyclically Adjusted PB Ratio Related Terms

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PT Gudang Garam Tbk (ISX:GGRM) Business Description

Traded in Other Exchanges
Address
Jl. Semampir II/1, East Java, Kediri, IDN, 64121
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, two production facilities, and dozens of offices all located in Indonesia. Nearly all of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Surya, GG, and Merah. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot.

PT Gudang Garam Tbk (ISX:GGRM) Headlines

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