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PT United Tractors Tbk (ISX:UNTR) Cyclically Adjusted PB Ratio : 1.31 (As of May. 23, 2024)


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What is PT United Tractors Tbk Cyclically Adjusted PB Ratio?

As of today (2024-05-23), PT United Tractors Tbk's current share price is Rp22600.00. PT United Tractors Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp17,193.30. PT United Tractors Tbk's Cyclically Adjusted PB Ratio for today is 1.31.

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

ISX:UNTR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.75   Max: 2.84
Current: 1.3

During the past years, PT United Tractors Tbk's highest Cyclically Adjusted PB Ratio was 2.84. The lowest was 1.19. And the median was 1.75.

ISX:UNTR's Cyclically Adjusted PB Ratio is ranked worse than
60.64% of 1616 companies
in the Metals & Mining industry
Industry Median: 0.9 vs ISX:UNTR: 1.30

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 United Tractors Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp23,466.898. 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 Rp17,193.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT United Tractors Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT United Tractors 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 United Tractors Tbk Cyclically Adjusted PB Ratio Chart

PT United Tractors 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 1.83 2.07 1.62 1.69 1.35

PT United Tractors 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 1.84 1.44 1.72 1.35 1.41

Competitive Comparison of PT United Tractors Tbk's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, PT United Tractors 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 United Tractors Tbk's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT United Tractors Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PT United Tractors 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 United Tractors Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22600.00/17193.3
=1.31

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

For example, PT United Tractors 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)
=23466.898/130.6070*130.6070
=23,466.898

Current CPI (Mar. 2024) = 130.6070.

PT United Tractors Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 9,413.198 93.015 13,217.569
201409 9,664.226 94.576 13,346.045
201412 9,815.500 98.819 12,972.888
201503 10,305.996 98.388 13,680.944
201506 10,274.334 99.766 13,450.460
201509 10,743.710 101.037 13,888.074
201512 10,165.764 102.133 12,999.937
201603 10,327.648 102.764 13,125.846
201606 10,189.749 103.212 12,894.321
201609 10,324.516 104.142 12,948.175
201612 10,954.027 105.222 13,596.719
201703 11,350.003 106.476 13,922.304
201706 11,469.991 107.722 13,906.798
201709 11,795.023 108.020 14,261.311
201712 12,161.061 109.017 14,569.481
201803 12,983.331 110.097 15,402.069
201806 13,199.829 111.085 15,519.600
201809 13,917.012 111.135 16,355.490
201812 14,417.510 112.430 16,748.460
201903 15,073.645 112.829 17,448.814
201906 14,691.303 114.730 16,724.341
201909 14,975.364 114.905 17,021.837
201912 15,605.864 115.486 17,649.212
202003 16,915.779 116.252 19,004.520
202006 15,742.871 116.630 17,629.535
202009 16,283.346 116.397 18,271.315
202012 16,161.963 117.318 17,992.667
202103 17,159.570 117.840 19,018.701
202106 17,315.045 118.184 19,135.145
202109 17,723.458 118.262 19,573.604
202112 18,379.987 119.516 20,085.620
202203 19,707.157 120.948 21,280.950
202206 20,848.676 123.322 22,080.198
202209 21,255.344 125.298 22,155.883
202212 23,321.187 126.098 24,155.161
202303 24,296.386 126.953 24,995.790
202306 19,780.693 127.663 20,236.866
202309 20,578.457 128.151 20,972.775
202312 21,821.227 129.395 22,025.670
202403 23,466.898 130.607 23,466.898

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 United Tractors Tbk  (ISX:UNTR) 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 United Tractors Tbk Cyclically Adjusted PB Ratio Related Terms

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PT United Tractors Tbk (ISX:UNTR) Business Description

Traded in Other Exchanges
Address
Jalan Raya Bekasi Km. 22, Cakung, Jakarta Timur, Jakarta, IDN, 13910
PT United Tractors Tbk is one of the largest distributors of heavy equipment in Indonesia. It manufactures construction machinery and provides mining services to help customers tap natural resources. The machinery is distributed under various brands and works in the mining, construction, forestry, material handling, and transportation sectors. The company operates contact centers to deliver spare parts, mechanics support, and repair machines for customers. United Tractors operates five business segments: construction machinery, mining contracting (a majority of total revenues), coal mining, gold mining, and construction industry. Mining services pertain to mine design, exploration, extracting, and hauling commodities. The majority of total sales are generated in Indonesia.

PT United Tractors Tbk (ISX:UNTR) Headlines

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