PT Greenwood Sejahtera Tbk (ISX:GWSA) Cyclically Adjusted Book per Share: Rp1,015.96 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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ISX:GWSA PT Greenwood Sejahtera Tbk ISX:GWSA
71 GF Score
Price Rp174.00
GF Value Rp155.62
Valuation Modestly Overvalued
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What is PT Greenwood Sejahtera Tbk Cyclically Adjusted Book per Share?

PT Greenwood Sejahtera Tbk ISX:GWSA +3.57% 71 Cyclically Adjusted Book per Share is Rp1,015.96 as of Jun. 2026. GuruFocus rates ISX:GWSA with a GF Score™ of 71/100 and a GF Value™ of Rp155.62 (Modestly Overvalued).

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 Greenwood Sejahtera Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp934.691. 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 Rp1,015.96 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Greenwood Sejahtera Tbk's average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% 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 Greenwood Sejahtera Tbk was 9.10% per year. The lowest was 8.00% per year. And the median was 8.55% per year.

As of today (2026-09-05), PT Greenwood Sejahtera Tbk's current stock price is Rp174.00. PT Greenwood Sejahtera Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp1,015.96. PT Greenwood Sejahtera Tbk's Cyclically Adjusted PB Ratio of today is 0.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Greenwood Sejahtera Tbk was 0.32. The lowest was 0.11. And the median was 0.18.


PT Greenwood Sejahtera Tbk  (ISX:GWSA) 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 Greenwood Sejahtera Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=174.00/1015.96
=0.17

* 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 Greenwood Sejahtera Tbk was 0.32. The lowest was 0.11. And the median was 0.18.


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 Greenwood Sejahtera Tbk Cyclically Adjusted Book per Share Related Terms


PT Greenwood Sejahtera Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Greenwood Sejahtera 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 Greenwood Sejahtera Tbk Cyclically Adjusted Book per Share Chart

PT Greenwood Sejahtera 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 721.01 798.82 878.51 937.19 1,005.08

PT Greenwood Sejahtera 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 978.82 997.51 1,005.08 1,011.02 1,015.96

PT Greenwood Sejahtera Tbk Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Development subindustry, PT Greenwood Sejahtera 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 Greenwood Sejahtera Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


ISX:GWSA
71GF Score
PT Greenwood Sejahtera Tbk ISX:GWSA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Greenwood Sejahtera 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 Greenwood Sejahtera 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)
=934.691/137.6954*137.6954
=934.691

Current CPI (Jun. 2026) = 137.6954.

PT Greenwood Sejahtera Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 813.784 104.142 1,075.972
201612 823.505 105.222 1,077.654
201703 828.306 106.476 1,071.171
201706 828.815 107.722 1,059.436
201709 832.754 108.020 1,061.525
201712 847.916 109.017 1,070.973
201803 852.622 110.097 1,066.357
201806 856.928 111.085 1,062.208
201809 860.851 111.135 1,066.592
201812 875.471 112.430 1,072.209
201903 877.666 112.829 1,071.100
201906 880.900 114.730 1,057.227
201909 885.473 114.905 1,061.103
201912 891.879 115.486 1,063.399
202003 896.968 116.252 1,062.417
202006 898.017 116.630 1,060.216
202009 900.364 116.397 1,065.117
202012 885.743 117.318 1,039.590
202103 887.888 117.840 1,037.494
202106 890.435 118.184 1,037.441
202109 892.143 118.262 1,038.747
202112 889.071 119.516 1,024.305
202203 891.954 120.948 1,015.459
202206 894.405 123.322 998.646
202209 897.447 125.298 986.240
202212 893.139 126.098 975.284
202303 895.651 126.953 971.442
202306 897.154 127.663 967.658
202309 900.471 128.151 967.533
202312 900.920 129.395 958.714
202403 904.662 130.607 953.760
202406 909.642 130.792 957.657
202409 913.320 130.361 964.706
202412 910.148 131.432 953.525
202503 913.381 131.948 953.163
202506 917.875 133.241 948.563
202509 922.583 133.819 949.308
202512 925.478 135.271 942.064
202603 929.834 136.539 937.711
202606 934.691 137.695 934.691

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 Rp1,015.96 mean?
PT Greenwood Sejahtera Tbk (ISX:GWSA) has a Cyclically Adjusted Book per Share of Rp1,015.96 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 Greenwood Sejahtera Tbk and its competitors.
Is PT Greenwood Sejahtera Tbk's Cyclically Adjusted Book per Share too high?
PT Greenwood Sejahtera Tbk's current Cyclically Adjusted Book per Share is Rp1,015.96. Overall, PT Greenwood Sejahtera Tbk has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Greenwood Sejahtera Tbk's Cyclically Adjusted Book per Share compare to competitors?
PT Greenwood Sejahtera Tbk's Cyclically Adjusted Book per Share of Rp1,015.96 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 Greenwood Sejahtera Tbk and its competitors. PT Greenwood Sejahtera Tbk's current Cyclically Adjusted Book per Share is Rp1,015.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Greenwood Sejahtera Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Greenwood Sejahtera Tbk (ISX:GWSA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp155.62, compared to a current price of Rp174.00 — trading 11.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp1,015.96. PT Greenwood Sejahtera Tbk's overall GF Score™ is 71/100. 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 Greenwood Sejahtera Tbk (ISX:GWSA), the current Cyclically Adjusted Book per Share is Rp1,015.96 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 Greenwood Sejahtera Tbk (ISX:GWSA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Greenwood Sejahtera Tbk stock appears to be overvalued. The current stock price of Rp174.00 is trading 11.8% above its estimated GF Value™ of Rp155.62. GuruFocus considers PT Greenwood Sejahtera Tbk to be Modestly Overvalued.

Key valuation signals for ISX:GWSA:

  • Cyclically Adjusted Book per Share: Rp1,015.96
  • GF Value™: Rp155.62 vs. price of Rp174.00 (11.8% above fair value)
  • GF Score™: 71/100

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


PT Greenwood Sejahtera Tbk Business Description

Address Jalan K.H. Mas Mansyur Kav. 126, TCC Batavia - Tower 1, 35th Floor, Tanah Abang, Central Jakarta, Jakarta, IDN, 10220
PT Greenwood Sejahtera Tbk is a property development company based in Indonesia. Its project portfolio comprises malls, apartments, hotels, and mixed-use properties, such as TCC Batavia, Senayan City, Kuningan City, The Peak Apartment, Lindeteves Trade Center, Emporium Pluit Mall, Holiday Inn Express Pluit, and Festival Citylink, among others. The company's operating segments are: Office, Apartment, and Hotel. Maximum revenue is generated from the Hotel segment.
71GF Score

Get the complete analysis for ISX:GWSA

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

Rp174.00
Price
Rp155.62
GF Value