PT Elnusa Tbk (ISX:ELSA) Cyclically Adjusted Book per Share: Rp608.68 (As of Jun. 2026)

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ISX:ELSA PT Elnusa Tbk ISX:ELSA
92 GF Score
Price Rp695.00
GF Value Rp533.31
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is PT Elnusa Tbk Cyclically Adjusted Book per Share?

PT Elnusa Tbk ISX:ELSA +0.72% 92 Cyclically Adjusted Book per Share is Rp608.68 as of Jun. 2026. GuruFocus rates ISX:ELSA with a GF Score™ of 92/100 and a GF Value™ of Rp533.31 (Modestly Overvalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 Elnusa Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp743.169. 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 Rp608.68 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Elnusa Tbk's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PT Elnusa Tbk was 6.70% per year. The lowest was 5.60% per year. And the median was 6.35% per year.

As of today (2026-08-01), PT Elnusa Tbk's current stock price is Rp695.00. PT Elnusa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp608.68. PT Elnusa Tbk's Cyclically Adjusted PB Ratio of today is 1.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Elnusa Tbk was 1.45. The lowest was 0.33. And the median was 0.77.


PT Elnusa Tbk  (ISX:ELSA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Elnusa Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=695.00/608.68
=1.14

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Elnusa Tbk was 1.45. The lowest was 0.33. And the median was 0.77.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


PT Elnusa Tbk Cyclically Adjusted Book per Share Related Terms


PT Elnusa Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Elnusa Tbk's Cyclically Adjusted Book per Share 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 Elnusa Tbk Cyclically Adjusted Book per Share Chart

PT Elnusa Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 448.05 487.67 517.05 544.81 585.16

PT Elnusa Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 563.77 572.55 585.16 597.22 608.68

ISX:ELSA vs SLB, BKR, FTI: Cyclically Adjusted Book per Share Comparison

For the Oil & Gas Equipment & Services subindustry, PT Elnusa 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 Elnusa Tbk Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Elnusa Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ELSA
92GF Score
PT Elnusa Tbk ISX:ELSA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Elnusa Tbk Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, PT Elnusa Tbk's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=743.169/137.6954*137.6954
=743.169

Current CPI (Jun. 2026) = 137.6954.

PT Elnusa Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 369.725 104.142 488.844
201612 389.046 105.222 509.113
201703 390.340 106.476 504.790
201706 387.229 107.722 494.977
201709 396.979 108.020 506.036
201712 417.550 109.017 527.393
201803 427.264 110.097 534.370
201806 431.985 111.085 535.468
201809 444.747 111.135 551.041
201812 451.941 112.430 553.502
201903 462.336 112.829 564.233
201906 461.754 114.730 554.182
201909 473.196 114.905 567.052
201912 489.832 115.486 584.033
202003 496.926 116.252 588.586
202006 507.082 116.630 598.671
202009 504.201 116.397 596.462
202012 512.357 117.318 601.350
202103 512.577 117.840 598.944
202106 518.228 118.184 603.785
202109 508.598 118.262 592.175
202112 517.439 119.516 596.145
202203 527.706 120.948 600.775
202206 552.137 123.322 616.488
202209 553.492 125.298 608.254
202212 563.900 126.098 615.764
202303 579.645 126.953 628.695
202306 572.267 127.663 617.239
202309 593.711 128.151 637.927
202312 604.848 129.395 643.649
202403 629.948 130.607 664.137
202406 637.973 130.792 671.648
202409 652.805 130.361 689.534
202412 671.629 131.432 703.638
202503 697.203 131.948 727.570
202506 678.622 133.241 701.311
202509 704.665 133.819 725.077
202512 727.898 135.271 740.943
202603 753.870 136.539 760.256
202606 743.169 137.695 743.169

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

What does a Cyclically Adjusted Book per Share of Rp608.68 mean?
PT Elnusa Tbk (ISX:ELSA) has a Cyclically Adjusted Book per Share of Rp608.68 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Elnusa Tbk and its competitors.
Is PT Elnusa Tbk's Cyclically Adjusted Book per Share too high?
PT Elnusa Tbk's current Cyclically Adjusted Book per Share is Rp608.68. Overall, PT Elnusa Tbk has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Elnusa Tbk's Cyclically Adjusted Book per Share compare to SLB and BKR?
PT Elnusa Tbk's Cyclically Adjusted Book per Share of Rp608.68 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Oil & Gas company?
A good Cyclically Adjusted Book per Share depends on the Oil & Gas industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Elnusa Tbk and its competitors. PT Elnusa Tbk's current Cyclically Adjusted Book per Share is Rp608.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Elnusa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Elnusa Tbk (ISX:ELSA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp533.31, compared to a current price of Rp695.00 — trading 30.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp608.68. PT Elnusa Tbk's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For PT Elnusa Tbk (ISX:ELSA), the current Cyclically Adjusted Book per Share is Rp608.68 as of Jun. 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 Elnusa Tbk (ISX:ELSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Elnusa Tbk stock appears to be overvalued. The current stock price of Rp695.00 is trading 30.3% above its estimated GF Value™ of Rp533.31. GuruFocus considers PT Elnusa Tbk to be Modestly Overvalued.

Key valuation signals for ISX:ELSA:

  • Cyclically Adjusted Book per Share: Rp608.68
  • GF Value™: Rp533.31 vs. price of Rp695.00 (30.3% above fair value)
  • GF Score™: 92/100 with 1 warning sign

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


PT Elnusa Tbk Business Description

Industry EnergyOil & Gas
Address Jalan T.B. Simatupang Kav. 1 B, Graha Elnusa, 16th Floor, Jakarta, IDN, 12560
PT Elnusa Tbk is engaged in upstream oil and gas services and investing in shares of stock of subsidiaries and joint ventures that are engaged in various businesses in oil and gas support services and energy distribution and logistics services. The company also provides goods and services including providing and managing office space for its subsidiaries, related parties and third parties. Its business segments are: Integrated upstream oil and gas services, Oil and gas support services, and Sales of goods and energy distribution and logistics services. The majority of the company's revenue is derived from the Sales of goods and energy distribution and logistics services segment, which provides storage services, trading, distribution and marketing of oil and gas products in Indonesia.
92GF Score

Get the complete analysis for ISX:ELSA

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp695.00
Price
Rp533.31
GF Value