PT Gema Graharana Tbk (ISX:GEMA) Cyclically Adjusted Book per Share: Rp286.96 (As of Mar. 2026)


ISX:GEMA PT Gema Graha Sarana Tbk ISX:GEMA
57 GF Score
Price Rp79.00
GF Value Rp257.09
Valuation Possible Value Trap
! 7 Warning Signs
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What is PT Gema Graharana Tbk Cyclically Adjusted Book per Share?

PT Gema Graharana Tbk ISX:GEMA +1.28% 57 Cyclically Adjusted Book per Share is Rp286.96 as of Mar. 2026. GuruFocus rates ISX:GEMA with a GF Score™ of 57/100 and a GF Value™ of Rp257.09 (Possible Value Trap). The stock has 7 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 Gema Graharana Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp275.022. 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 Rp286.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Gema Graharana Tbk's average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% 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 Gema Graharana Tbk was 6.90% per year. The lowest was 6.90% per year. And the median was 6.90% per year.

As of today (2026-07-12), PT Gema Graharana Tbk's current stock price is Rp79.00. PT Gema Graharana Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp286.96. PT Gema Graharana Tbk's Cyclically Adjusted PB Ratio of today is 0.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Gema Graharana Tbk was 1.54. The lowest was 0.26. And the median was 0.96.


PT Gema Graharana Tbk  (ISX:GEMA) 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 Gema Graharana Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=79.00/286.96
=0.28

* 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 Gema Graharana Tbk was 1.54. The lowest was 0.26. And the median was 0.96.


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 Gema Graharana Tbk Cyclically Adjusted Book per Share Related Terms


PT Gema Graharana Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Gema Graharana 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 Gema Graharana Tbk Cyclically Adjusted Book per Share Chart

PT Gema Graharana 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 0.00 230.27 250.90 261.36 281.53

PT Gema Graharana Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 265.34 271.21 275.43 281.53 286.96

ISX:GEMA vs SN, SGI, MHK: Cyclically Adjusted Book per Share Comparison

For the Furnishings, Fixtures & Appliances subindustry, PT Gema Graharana 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 Gema Graharana Tbk Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PT Gema Graharana Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:GEMA
57GF Score
PT Gema Graha Sarana Tbk ISX:GEMA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Gema Graharana 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 Gema Graharana Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=275.022/136.5387*136.5387
=275.022

Current CPI (Mar. 2026) = 136.5387.

PT Gema Graharana Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 227.262 103.212 300.643
201609 232.386 104.142 304.676
201612 246.674 105.222 320.091
201703 251.293 106.476 322.244
201706 244.195 107.722 309.521
201709 247.184 108.020 312.443
201712 253.387 109.017 317.356
201803 259.450 110.097 321.763
201806 256.638 111.085 315.444
201809 261.267 111.135 320.990
201812 266.090 112.430 323.149
201903 240.034 112.829 290.476
201906 235.869 114.730 280.704
201909 240.640 114.905 285.947
201912 241.294 115.486 285.281
202003 241.637 116.252 283.803
202006 241.040 116.630 282.186
202009 237.952 116.397 279.129
202012 237.219 117.318 276.083
202103 238.679 117.840 276.553
202106 240.383 118.184 277.716
202109 240.283 118.262 277.418
202112 249.364 119.516 284.881
202203 251.472 120.948 283.887
202206 234.981 123.322 260.164
202209 232.700 125.298 253.575
202212 249.795 126.098 270.478
202303 250.804 126.953 269.742
202306 252.167 127.663 269.699
202309 252.635 128.151 269.170
202312 255.808 129.395 269.931
202403 256.469 130.607 268.117
202406 257.034 130.792 268.328
202409 251.976 130.361 263.917
202412 271.149 131.432 281.685
202503 272.443 131.948 281.921
202506 279.158 133.241 286.068
202509 270.280 133.819 275.773
202512 279.975 135.271 282.599
202603 275.022 136.539 275.022

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 Rp286.96 mean?
PT Gema Graharana Tbk (ISX:GEMA) has a Cyclically Adjusted Book per Share of Rp286.96 as of Mar. 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 Gema Graharana Tbk and its competitors.
Is PT Gema Graharana Tbk's Cyclically Adjusted Book per Share too high?
PT Gema Graharana Tbk's current Cyclically Adjusted Book per Share is Rp286.96. Overall, PT Gema Graharana Tbk has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Gema Graharana Tbk's Cyclically Adjusted Book per Share compare to SN and SGI?
PT Gema Graharana Tbk's Cyclically Adjusted Book per Share of Rp286.96 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Cyclically Adjusted Book per Share depends on the Furnishings, Fixtures & Appliances 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 Gema Graharana Tbk and its competitors. PT Gema Graharana Tbk's current Cyclically Adjusted Book per Share is Rp286.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gema Graharana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gema Graharana Tbk (ISX:GEMA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp257.09, compared to a current price of Rp79.00 — trading 69.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp286.96. PT Gema Graharana Tbk's overall GF Score™ is 57/100 with 7 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 Gema Graharana Tbk (ISX:GEMA), the current Cyclically Adjusted Book per Share is Rp286.96 as of Mar. 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 Gema Graharana Tbk (ISX:GEMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gema Graharana Tbk stock appears to be undervalued. The current stock price of Rp79.00 is trading 69.3% below its estimated GF Value™ of Rp257.09. GuruFocus considers PT Gema Graharana Tbk to be Possible Value Trap.

Key valuation signals for ISX:GEMA:

  • Cyclically Adjusted Book per Share: Rp286.96
  • GF Value™: Rp257.09 vs. price of Rp79.00 (69.3% below fair value)
  • GF Score™: 57/100 with 7 warning signs

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


PT Gema Graharana Tbk Business Description

Address Jalan Boulevard Gading Serpong, SOUTH78, 9th-11th Floor, Block O No. 7 & 8 Gading Serpong, Banten, Tangerang, IDN, 15334
PT Gema Graha Sarana Tbk operates as a manufacturer of furniture and interior design services in Indonesia. Its operating segments include Interior, Furniture, Mechanical and Electrical; and Distribution and Trading. The company generates the majority of its revenue from the Interior, Furniture, Mechanical and Electrical segment.
57GF Score

Get the complete analysis for ISX:GEMA

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

Rp79.00
Price
Rp257.09
GF Value