PT Menteng Heritage Realty Tbk (ISX:HRME) Cyclically Adjusted Book per Share: Rp113.84 (As of Dec. 2025)

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ISX:HRME PT Menteng Heritage Realty Tbk ISX:HRME
68 GF Score
Price Rp47.00
GF Value Rp40.42
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is PT Menteng Heritage Realty Tbk Cyclically Adjusted Book per Share?

PT Menteng Heritage Realty Tbk ISX:HRME +6.82% 68 Cyclically Adjusted Book per Share is Rp113.84 as of Dec. 2025. GuruFocus rates ISX:HRME with a GF Score™ of 68/100 and a GF Value™ of Rp40.42 (Modestly Overvalued). 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 Menteng Heritage Realty Tbk's adjusted book value per share data for the fiscal year that ended in Dec. 2025 was Rp91.788. 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 Rp113.84 for the trailing ten years ended in Dec. 2025.

During the past 12 months, PT Menteng Heritage Realty Tbk's average Cyclically Adjusted Book Growth Rate was 7.00% 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.

As of today (2026-07-14), PT Menteng Heritage Realty Tbk's current stock price is Rp 47.00. PT Menteng Heritage Realty Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2025 was Rp113.84. PT Menteng Heritage Realty Tbk's Cyclically Adjusted PB Ratio of today is 0.41.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of PT Menteng Heritage Realty Tbk was 0.63. The lowest was 0.26. And the median was 0.41.


PT Menteng Heritage Realty Tbk  (ISX:HRME) 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 Menteng Heritage Realty Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.00/113.84
=0.41

* 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 12 years, the highest Cyclically Adjusted PB Ratio of PT Menteng Heritage Realty Tbk was 0.63. The lowest was 0.26. And the median was 0.41.


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 Menteng Heritage Realty Tbk Cyclically Adjusted Book per Share Related Terms


PT Menteng Heritage Realty Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Menteng Heritage Realty 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 Menteng Heritage Realty Tbk Cyclically Adjusted Book per Share Chart

PT Menteng Heritage Realty 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 0.00 106.25 106.41 113.84

PT Menteng Heritage Realty Tbk Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25
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 0.00 106.41 0.00 0.00 113.84

ISX:HRME vs MAR, HLT, H: Cyclically Adjusted Book per Share Comparison

For the Lodging subindustry, PT Menteng Heritage Realty 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 Menteng Heritage Realty Tbk Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Menteng Heritage Realty Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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

PT Menteng Heritage Realty 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 Menteng Heritage Realty Tbk's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2025 was:

Adj_Book=Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=91.788/135.2711*135.2711
=91.788

Current CPI (Dec. 2025) = 135.2711.

PT Menteng Heritage Realty Tbk Annual Data

Book Value per Share CPI Adj_Book
201612 81.316 105.222 104.538
201712 76.874 109.017 95.387
201812 101.800 112.430 122.482
201912 119.265 115.486 139.698
202012 114.929 117.318 132.516
202112 109.995 119.516 124.495
202212 111.486 126.098 119.596
202312 107.551 129.395 112.435
202412 92.795 131.432 95.506
202512 91.788 135.271 91.788

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 Rp113.84 mean?
PT Menteng Heritage Realty Tbk (ISX:HRME) has a Cyclically Adjusted Book per Share of Rp113.84 as of Dec. 2025. 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 Menteng Heritage Realty Tbk and its competitors.
Is PT Menteng Heritage Realty Tbk's Cyclically Adjusted Book per Share too high?
PT Menteng Heritage Realty Tbk's current Cyclically Adjusted Book per Share is Rp113.84. Overall, PT Menteng Heritage Realty Tbk has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Menteng Heritage Realty Tbk's Cyclically Adjusted Book per Share compare to MAR and HLT?
PT Menteng Heritage Realty Tbk's Cyclically Adjusted Book per Share of Rp113.84 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Book per Share depends on the Travel & Leisure 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 Menteng Heritage Realty Tbk and its competitors. PT Menteng Heritage Realty Tbk's current Cyclically Adjusted Book per Share is Rp113.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Menteng Heritage Realty Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Menteng Heritage Realty Tbk (ISX:HRME) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp40.42, compared to a current price of Rp47.00 — trading 16.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp113.84. PT Menteng Heritage Realty 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 Menteng Heritage Realty Tbk (ISX:HRME), the current Cyclically Adjusted Book per Share is Rp113.84 as of Dec. 2025. 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 Menteng Heritage Realty Tbk (ISX:HRME) Overvalued in 2026?

Based on GuruFocus' analysis, PT Menteng Heritage Realty Tbk stock appears to be overvalued. The current stock price of Rp47.00 is trading 16.3% above its estimated GF Value™ of Rp40.42. GuruFocus considers PT Menteng Heritage Realty Tbk to be Modestly Overvalued.

Key valuation signals for ISX:HRME:

  • Cyclically Adjusted Book per Share: Rp113.84
  • GF Value™: Rp40.42 vs. price of Rp47.00 (16.3% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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


PT Menteng Heritage Realty Tbk Business Description

Address Jalan Cilacap No. 1, Menteng, Jakarta Pusat, Jakarta, IDN, 10310
PT Menteng Heritage Realty Tbk is an Indonesia-based company in Hospitality Sector. The company is engaged in the hotel and restaurant business. The company's operating segments include: Hospitality, which derives key revenue, Management consulting activities, and Barge charter services.
68GF Score

Get the complete analysis for ISX:HRME

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

Rp47.00
Price
Rp40.42
GF Value