PT Megapolitan Developments Tbk (ISX:EMDE) Cyclically Adjusted Book per Share: Rp396.61 (As of Jun. 2026)

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ISX:EMDE PT Megapolitan Developments Tbk ISX:EMDE
68 GF Score
Price Rp79.00
GF Value Rp76.61
Valuation Fairly Valued
! 3 Warning Signs
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What is PT Megapolitan Developments Tbk Cyclically Adjusted Book per Share?

PT Megapolitan Developments Tbk ISX:EMDE -1.25% 68 Cyclically Adjusted Book per Share is Rp396.61 as of Jun. 2026. GuruFocus rates ISX:EMDE with a GF Score™ of 68/100 and a GF Value™ of Rp76.61 (Fairly Valued). The stock has 3 warning signs 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 Megapolitan Developments Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp537.591. 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 Rp396.61 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Megapolitan Developments Tbk's average Cyclically Adjusted Book Growth Rate was 12.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.50% 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 Megapolitan Developments Tbk was 12.90% per year. The lowest was 10.40% per year. And the median was 11.80% per year.

As of today (2026-09-06), PT Megapolitan Developments Tbk's current stock price is Rp79.00. PT Megapolitan Developments Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp396.61. PT Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio of today is 0.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Megapolitan Developments Tbk was 0.91. The lowest was 0.14. And the median was 0.44.


PT Megapolitan Developments Tbk  (ISX:EMDE) 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 Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=79.00/396.61
=0.20

* 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 Megapolitan Developments Tbk was 0.91. The lowest was 0.14. And the median was 0.44.


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 Megapolitan Developments Tbk Cyclically Adjusted Book per Share Related Terms


PT Megapolitan Developments Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Megapolitan Developments 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 Megapolitan Developments Tbk Cyclically Adjusted Book per Share Chart

PT Megapolitan Developments 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 229.16 269.10 300.10 329.36 375.82

PT Megapolitan Developments 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 353.36 364.66 375.82 386.36 396.61

ISX:EMDE vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, PT Megapolitan Developments 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 Megapolitan Developments Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:EMDE
68GF Score
PT Megapolitan Developments Tbk ISX:EMDE
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Megapolitan Developments 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 Megapolitan Developments 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)
=537.591/137.6954*137.6954
=537.591

Current CPI (Jun. 2026) = 137.6954.

PT Megapolitan Developments Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 198.967 104.142 263.071
201612 204.539 105.222 267.664
201703 0.000 106.476 0.000
201706 212.831 107.722 272.052
201709 212.311 108.020 270.636
201712 233.796 109.017 295.299
201803 237.828 110.097 297.447
201806 239.592 111.085 296.987
201809 235.204 111.135 291.417
201812 239.022 112.430 292.736
201903 235.025 112.829 286.823
201906 240.340 114.730 288.448
201909 240.355 114.905 288.028
201912 229.408 115.486 273.526
202003 225.444 116.252 267.028
202006 220.562 116.630 260.400
202009 214.082 116.397 253.256
202012 162.849 117.318 191.135
202103 160.932 117.840 188.048
202106 157.404 118.184 183.391
202109 148.590 118.262 173.007
202112 503.001 119.516 579.511
202203 496.544 120.948 565.298
202206 492.028 123.322 549.373
202209 486.362 125.298 534.483
202212 482.544 126.098 526.925
202303 477.174 126.953 517.553
202306 473.099 127.663 510.278
202309 468.290 128.151 503.166
202312 402.806 129.395 428.646
202403 400.452 130.607 422.186
202406 397.048 130.792 418.006
202409 538.985 130.361 569.310
202412 558.873 131.432 585.508
202503 623.487 131.948 650.643
202506 623.791 133.241 644.647
202509 623.606 133.819 641.670
202512 534.629 135.271 544.211
202603 533.853 136.539 538.376
202606 537.591 137.695 537.591

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 Rp396.61 mean?
PT Megapolitan Developments Tbk (ISX:EMDE) has a Cyclically Adjusted Book per Share of Rp396.61 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 Megapolitan Developments Tbk and its competitors.
Is PT Megapolitan Developments Tbk's Cyclically Adjusted Book per Share too high?
PT Megapolitan Developments Tbk's current Cyclically Adjusted Book per Share is Rp396.61. Overall, PT Megapolitan Developments Tbk has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Megapolitan Developments Tbk's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
PT Megapolitan Developments Tbk's Cyclically Adjusted Book per Share of Rp396.61 can be compared against companies in the Real Estate 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 a Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate 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 Megapolitan Developments Tbk and its competitors. PT Megapolitan Developments Tbk's current Cyclically Adjusted Book per Share is Rp396.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Megapolitan Developments Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Megapolitan Developments Tbk (ISX:EMDE) is currently considered Fairly Valued. The stock's GF Value™ is Rp76.61, compared to a current price of Rp79.00 — trading 3.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp396.61. PT Megapolitan Developments Tbk's overall GF Score™ is 68/100 with 3 warning signs 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 Megapolitan Developments Tbk (ISX:EMDE), the current Cyclically Adjusted Book per Share is Rp396.61 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 Megapolitan Developments Tbk (ISX:EMDE) Overvalued in 2026?

Based on GuruFocus' analysis, PT Megapolitan Developments Tbk stock appears to be overvalued. The current stock price of Rp79.00 is trading 3.1% above its estimated GF Value™ of Rp76.61. GuruFocus considers PT Megapolitan Developments Tbk to be Fairly Valued.

Key valuation signals for ISX:EMDE:

  • Cyclically Adjusted Book per Share: Rp396.61
  • GF Value™: Rp76.61 vs. price of Rp79.00 (3.1% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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


PT Megapolitan Developments Tbk Business Description

Address Jl. Kawasan Mega Kuningan Barat, The Bellagio Residence and Mall, Lantai 1, Kav. E4 No. 3, Kuningan Timur, Jakarta, IDN, 12950
PT Megapolitan Developments Tbk engages in real estate and property development and management. The Company's Articles of Association, the Company's business activities include the purchase, sale, rental, and operation of real estate, whether owned or leased, such as apartment buildings, residential buildings, and non-residential. The firm operates through two segments, namely Property and Shopping Center. It generates revenue through home sales, shophouse sales, land plot sales, rental income, shop and kiosk sales, and apartment sales. The company earns the majority of its revenue from the Shopping Center segment.
68GF Score

Get the complete analysis for ISX:EMDE

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

Rp79.00
Price
Rp76.61
GF Value