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TLK (PT Telkom Indonesia (Persero) Tbk) Cyclically Adjusted PB Ratio : 2.31 (As of Jul. 02, 2025)


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What is PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio?

As of today (2025-07-02), PT Telkom Indonesia (Persero) Tbk's current share price is $16.97. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $7.36. PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 2.31.

The historical rank and industry rank for PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

TLK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.94   Med: 4.53   Max: 7.14
Current: 2.34

During the past years, PT Telkom Indonesia (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 7.14. The lowest was 1.94. And the median was 4.53.

TLK's Cyclically Adjusted PB Ratio is ranked worse than
66.08% of 283 companies
in the Telecommunication Services industry
Industry Median: 1.55 vs TLK: 2.34

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 Telkom Indonesia (Persero) Tbk's adjusted book value per share data for the three months ended in Mar. 2025 was $9.079. 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 $7.36 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Telkom Indonesia (Persero) Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.78 4.33 3.61 3.54 2.29

PT Telkom Indonesia (Persero) Tbk Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.04 2.72 2.58 2.29 2.01

Competitive Comparison of PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio falls into.


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PT Telkom Indonesia (Persero) 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.97/7.36
=2.31

* 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 Telkom Indonesia (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PT Telkom Indonesia (Persero) Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=9.079/131.9484*131.9484
=9.079

Current CPI (Mar. 2025) = 131.9484.

PT Telkom Indonesia (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.093 99.766 6.736
201509 5.005 101.037 6.536
201512 5.516 102.133 7.126
201603 6.149 102.764 7.895
201606 5.958 103.212 7.617
201609 6.435 104.142 8.153
201612 6.332 105.222 7.940
201703 6.890 106.476 8.538
201706 6.439 107.722 7.887
201709 6.883 108.020 8.408
201712 6.886 109.017 8.334
201803 7.227 110.097 8.661
201806 6.127 111.085 7.278
201809 6.147 111.135 7.298
201812 6.876 112.430 8.070
201903 7.468 112.829 8.734
201906 6.648 114.730 7.646
201909 7.125 114.905 8.182
201912 7.189 115.486 8.214
202003 7.045 116.252 7.996
202006 6.810 116.630 7.704
202009 6.915 116.397 7.839
202012 7.292 117.318 8.201
202103 7.606 117.840 8.517
202106 6.928 118.184 7.735
202109 7.415 118.262 8.273
202112 8.569 119.516 9.460
202203 8.991 120.948 9.809
202206 8.267 123.322 8.845
202209 8.332 125.298 8.774
202212 8.354 126.098 8.742
202303 8.943 126.953 9.295
202306 8.363 127.663 8.644
202309 8.590 128.151 8.845
202312 8.821 129.395 8.995
202403 9.122 130.607 9.216
202406 8.049 130.792 8.120
202409 8.927 130.361 9.036
202412 8.932 131.432 8.967
202503 9.079 131.948 9.079

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 Telkom Indonesia (Persero) Tbk  (NYSE:TLK) 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 Telkom Indonesia (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms

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PT Telkom Indonesia (Persero) Tbk Business Description

Address
Jalan Japati No. 1, Bandung, IDN, 40133
PT Telkom Indonesia (Persero) Tbk is the integrated telecommunications provider in Indonesia. The company is focusing on dividing business into 3 Digital Business Domains namely, digital connectivity, digital platform, and digital services. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services. The group derives revenue from product lines: Mobile, Consumer, Enterprise, WIB and Others.