PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) Cyclically Adjusted Book per Share: Rp183.78 (As of Mar. 2026)

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ISX:JKON PT Jaya Konstruksi Manggala Pratama Tbk ISX:JKON
73 GF Score
Price Rp69.00
GF Value Rp84.73
Valuation Modestly Undervalued
! 6 Warning Signs
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What is PT Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted Book per Share?

PT Jaya Konstruksi Manggala Pratama Tbk ISX:JKON 73 Cyclically Adjusted Book per Share is Rp183.78 as of Mar. 2026. GuruFocus rates ISX:JKON with a GF Score™ of 73/100 and a GF Value™ of Rp84.73 (Modestly Undervalued). The stock has 6 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 Jaya Konstruksi Manggala Pratama Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp197.653. 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 Rp183.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Jaya Konstruksi Manggala Pratama Tbk's average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PT Jaya Konstruksi Manggala Pratama Tbk was 8.00% per year. The lowest was 5.70% per year. And the median was 7.10% per year.

As of today (2026-07-19), PT Jaya Konstruksi Manggala Pratama Tbk's current stock price is Rp69.00. PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp183.78. PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio of today is 0.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Jaya Konstruksi Manggala Pratama Tbk was 3.16. The lowest was 0.35. And the median was 0.62.


PT Jaya Konstruksi Manggala Pratama Tbk  (ISX:JKON) 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 Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=69.00/183.78
=0.38

* 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 Jaya Konstruksi Manggala Pratama Tbk was 3.16. The lowest was 0.35. And the median was 0.62.


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 Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted Book per Share Related Terms


PT Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted Book per Share Chart

PT Jaya Konstruksi Manggala Pratama 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 139.10 153.15 163.46 171.09 181.00

PT Jaya Konstruksi Manggala Pratama 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 173.04 175.98 178.01 181.00 183.78

ISX:JKON vs HON, MMM: Cyclically Adjusted Book per Share Comparison

For the Conglomerates subindustry, PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:JKON
73GF Score
PT Jaya Konstruksi Manggala Pratama Tbk ISX:JKON
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama 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)
=197.653/136.5387*136.5387
=197.653

Current CPI (Mar. 2026) = 136.5387.

PT Jaya Konstruksi Manggala Pratama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 112.821 103.212 149.250
201609 119.957 104.142 157.273
201612 131.520 105.222 170.664
201703 131.331 106.476 168.411
201706 132.502 107.722 167.948
201709 131.301 108.020 165.966
201712 143.622 109.017 179.880
201803 142.607 110.097 176.857
201806 144.183 111.085 177.221
201809 143.685 111.135 176.530
201812 154.488 112.430 187.615
201903 152.993 112.829 185.144
201906 153.174 114.730 182.290
201909 153.686 114.905 182.622
201912 163.095 115.486 192.827
202003 161.250 116.252 189.389
202006 159.601 116.630 186.845
202009 157.899 116.397 185.223
202012 162.257 117.318 188.840
202103 159.449 117.840 184.750
202106 156.628 118.184 180.953
202109 156.562 118.262 180.758
202112 160.217 119.516 183.037
202203 160.187 120.948 180.835
202206 162.540 123.322 179.959
202209 167.091 125.298 182.080
202212 173.129 126.098 187.464
202303 173.243 126.953 186.325
202306 174.300 127.663 186.418
202309 175.254 128.151 186.724
202312 184.672 129.395 194.868
202403 184.948 130.607 193.348
202406 186.638 130.792 194.839
202409 185.706 130.361 194.507
202412 192.086 131.432 199.550
202503 191.919 131.948 198.596
202506 191.110 133.241 195.841
202509 190.087 133.819 193.950
202512 195.970 135.271 197.806
202603 197.653 136.539 197.653

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 Rp183.78 mean?
PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) has a Cyclically Adjusted Book per Share of Rp183.78 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 Jaya Konstruksi Manggala Pratama Tbk and its competitors.
Is PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted Book per Share too high?
PT Jaya Konstruksi Manggala Pratama Tbk's current Cyclically Adjusted Book per Share is Rp183.78. Overall, PT Jaya Konstruksi Manggala Pratama Tbk has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted Book per Share compare to HON and MMM?
PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted Book per Share of Rp183.78 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Cyclically Adjusted Book per Share depends on the Conglomerates 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 Jaya Konstruksi Manggala Pratama Tbk and its competitors. PT Jaya Konstruksi Manggala Pratama Tbk's current Cyclically Adjusted Book per Share is Rp183.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jaya Konstruksi Manggala Pratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp84.73, compared to a current price of Rp69.00 — trading 18.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp183.78. PT Jaya Konstruksi Manggala Pratama Tbk's overall GF Score™ is 73/100 with 6 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON), the current Cyclically Adjusted Book per Share is Rp183.78 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk stock appears to be undervalued. The current stock price of Rp69.00 is trading 18.6% below its estimated GF Value™ of Rp84.73. GuruFocus considers PT Jaya Konstruksi Manggala Pratama Tbk to be Modestly Undervalued.

Key valuation signals for ISX:JKON:

  • Cyclically Adjusted Book per Share: Rp183.78
  • GF Value™: Rp84.73 vs. price of Rp69.00 (18.6% below fair value)
  • GF Score™: 73/100 with 6 warning signs

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


PT Jaya Konstruksi Manggala Pratama Tbk Business Description

Address Jalan Bintaro Raya, Kantor Taman Bintaro Jaya Gedung B, Jakarta, IDN, 12330
PT Jaya Konstruksi Manggala Pratama Tbk is an Indonesian infrastructure development company that is engaged in the infrastructure and building construction sector, asphalt, and liquefied petroleum gas trading, precast concrete manufacturing, and specialized mechanical and electrical engineering and maintenance services. The company delivers construction, engineering, and maintenance services for hotels, malls, apartments, and office buildings in Indonesia and overseas. It manages its business in segments, namely Construction, Gas trading, Asphalt trading, Manufacturing concrete, Handling equipment, and Others. The company earns the majority of its revenue from its Asphalt trading business in Indonesia.
73GF Score

Get the complete analysis for ISX:JKON

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

Rp69.00
Price
Rp84.73
GF Value