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PT Jasa Marga (Persero) Tbk (ISX:JSMR) Cyclically Adjusted PB Ratio : 1.86 (As of May. 26, 2024)


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What is PT Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio?

As of today (2024-05-26), PT Jasa Marga (Persero) Tbk's current share price is Rp5000.00. PT Jasa Marga (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp2,686.15. PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 1.86.

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

ISX:JSMR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 1.88   Max: 3.43
Current: 1.86

During the past years, PT Jasa Marga (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 3.43. The lowest was 1.24. And the median was 1.88.

ISX:JSMR's Cyclically Adjusted PB Ratio is ranked worse than
67.68% of 1216 companies
in the Construction industry
Industry Median: 1.12 vs ISX:JSMR: 1.86

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 Jasa Marga (Persero) Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp3,920.947. 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 Rp2,686.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Jasa Marga (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 Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Jasa Marga (Persero) 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 2.75 2.29 1.81 1.25 1.87

PT Jasa Marga (Persero) 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 1.32 1.54 1.69 1.87 2.07

Competitive Comparison of PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio

For the Infrastructure Operations subindustry, PT Jasa Marga (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 Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5000.00/2686.15
=1.86

* 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 Jasa Marga (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PT Jasa Marga (Persero) 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)
=3920.947/130.6070*130.6070
=3,920.947

Current CPI (Mar. 2024) = 130.6070.

PT Jasa Marga (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,405.929 93.015 1,974.139
201409 1,453.988 94.576 2,007.920
201412 1,387.946 98.819 1,834.412
201503 1,366.457 98.388 1,813.936
201506 1,392.529 99.766 1,823.004
201509 1,418.092 101.037 1,833.125
201512 1,528.552 102.133 1,954.706
201603 1,544.822 102.764 1,963.380
201606 1,610.080 103.212 2,037.429
201609 1,661.886 104.142 2,084.203
201612 1,884.730 105.222 2,339.427
201703 1,878.751 106.476 2,304.541
201706 1,998.775 107.722 2,423.416
201709 0.000 108.020 0.000
201712 2,080.177 109.017 2,492.143
201803 2,154.041 110.097 2,555.329
201806 2,149.645 111.085 2,527.429
201809 2,226.977 111.135 2,617.178
201812 2,329.679 112.430 2,706.330
201903 2,411.950 112.829 2,792.003
201906 2,433.220 114.730 2,769.938
201909 2,497.064 114.905 2,838.303
201912 2,574.127 115.486 2,911.169
202003 2,676.207 116.252 3,006.662
202006 2,594.286 116.630 2,905.192
202009 2,594.826 116.397 2,911.618
202012 2,628.111 117.318 2,925.803
202103 2,650.330 117.840 2,937.477
202106 2,743.512 118.184 3,031.901
202109 2,727.403 118.262 3,012.116
202112 2,839.104 119.516 3,102.568
202203 2,882.491 120.948 3,112.684
202206 2,897.088 123.322 3,068.218
202209 2,963.988 125.298 3,089.565
202212 3,007.164 126.098 3,114.701
202303 3,077.710 126.953 3,166.306
202306 3,090.167 127.663 3,161.431
202309 3,738.765 128.151 3,810.406
202312 3,842.923 129.395 3,878.927
202403 3,920.947 130.607 3,920.947

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 Jasa Marga (Persero) Tbk  (ISX:JSMR) 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 Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms

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PT Jasa Marga (Persero) Tbk (ISX:JSMR) Business Description

Traded in Other Exchanges
Address
Plaza Tol Taman Mini Indonesia Indah, Kantor Pusat, Jakarta, IDN, 13550
PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.

PT Jasa Marga (Persero) Tbk (ISX:JSMR) Headlines

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