PT Multipolar Tbk (ISX:MLPL) Cyclically Adjusted Book per Share: Rp467.50 (As of Mar. 2026)


ISX:MLPL PT Multipolar Tbk ISX:MLPL
65 GF Score
Price Rp78.00
GF Value Rp99.18
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PT Multipolar Tbk Cyclically Adjusted Book per Share?

PT Multipolar Tbk ISX:MLPL -1.27% 65 Cyclically Adjusted Book per Share is Rp467.50 as of Mar. 2026. GuruFocus rates ISX:MLPL with a GF Score™ of 65/100 and a GF Value™ of Rp99.18 (Modestly Undervalued). The stock has 4 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 Multipolar Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp321.015. 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 Rp467.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Multipolar Tbk's average Cyclically Adjusted Book Growth Rate was -8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -9.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -8.30% 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 Multipolar Tbk was -6.30% per year. The lowest was -9.80% per year. And the median was -7.70% per year.

As of today (2026-06-29), PT Multipolar Tbk's current stock price is Rp78.00. PT Multipolar Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp467.50. PT Multipolar Tbk's Cyclically Adjusted PB Ratio of today is 0.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Multipolar Tbk was 1.03. The lowest was 0.06. And the median was 0.17.


PT Multipolar Tbk  (ISX:MLPL) 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 Multipolar Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=78.00/467.50
=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 Multipolar Tbk was 1.03. The lowest was 0.06. And the median was 0.17.


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 Multipolar Tbk Cyclically Adjusted Book per Share Related Terms


PT Multipolar Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Multipolar 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 688.99 652.37 591.21 526.06 478.22

PT Multipolar 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 509.07 496.19 486.64 478.22 467.50

ISX:MLPL vs DDS, M: Cyclically Adjusted Book per Share Comparison

For the Department Stores subindustry, PT Multipolar 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 Multipolar Tbk Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Multipolar Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:MLPL
65GF Score
PT Multipolar Tbk ISX:MLPL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Multipolar 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 Multipolar 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)
=321.015/136.5387*136.5387
=321.015

Current CPI (Mar. 2026) = 136.5387.

PT Multipolar Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 706.439 103.212 934.542
201609 783.173 104.142 1,026.800
201612 763.740 105.222 991.049
201703 745.082 106.476 955.451
201706 736.345 107.722 933.329
201709 688.078 108.020 869.736
201712 639.869 109.017 801.407
201803 595.487 110.097 738.507
201806 599.127 111.085 736.411
201809 410.234 111.135 504.009
201812 382.439 112.430 464.447
201903 374.558 112.829 453.269
201906 358.144 114.730 426.222
201909 368.283 114.905 437.623
201912 322.888 115.486 381.750
202003 333.739 116.252 391.978
202006 307.286 116.630 359.740
202009 295.499 116.397 346.634
202012 230.046 117.318 267.735
202103 204.780 117.840 237.275
202106 272.356 118.184 314.655
202109 286.058 118.262 330.267
202112 273.409 119.516 312.350
202203 270.772 120.948 305.675
202206 266.660 123.322 295.238
202209 266.087 125.298 289.957
202212 278.174 126.098 301.207
202303 269.892 126.953 290.272
202306 271.086 127.663 289.933
202309 279.345 128.151 297.628
202312 279.735 129.395 295.179
202403 279.366 130.607 292.054
202406 262.779 130.792 274.326
202409 273.108 130.361 286.051
202412 292.843 131.432 304.222
202503 349.098 131.948 361.243
202506 342.729 133.241 351.213
202509 527.580 133.819 538.302
202512 387.736 135.271 391.369
202603 321.015 136.539 321.015

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 Rp467.50 mean?
PT Multipolar Tbk (ISX:MLPL) has a Cyclically Adjusted Book per Share of Rp467.50 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 Multipolar Tbk and its competitors.
Is PT Multipolar Tbk's Cyclically Adjusted Book per Share too high?
PT Multipolar Tbk's current Cyclically Adjusted Book per Share is Rp467.50. Overall, PT Multipolar Tbk has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Multipolar Tbk's Cyclically Adjusted Book per Share compare to DDS and M?
PT Multipolar Tbk's Cyclically Adjusted Book per Share of Rp467.50 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 Multipolar Tbk and its competitors. PT Multipolar Tbk's current Cyclically Adjusted Book per Share is Rp467.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multipolar Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Multipolar Tbk (ISX:MLPL) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp99.18, compared to a current price of Rp78.00 — trading 21.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp467.50. PT Multipolar Tbk's overall GF Score™ is 65/100 with 4 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 Multipolar Tbk (ISX:MLPL), the current Cyclically Adjusted Book per Share is Rp467.50 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 Multipolar Tbk (ISX:MLPL) Overvalued in 2026?

Based on GuruFocus' analysis, PT Multipolar Tbk stock appears to be undervalued. The current stock price of Rp78.00 is trading 21.4% below its estimated GF Value™ of Rp99.18. GuruFocus considers PT Multipolar Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MLPL:

  • Cyclically Adjusted Book per Share: Rp467.50
  • GF Value™: Rp99.18 vs. price of Rp78.00 (21.4% below fair value)
  • GF Score™: 65/100 with 4 warning signs

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


PT Multipolar Tbk Business Description

Address Jalan Boulevard Palem Raya No. 7, Menara Matahari 20th-21st Floor, Lippo Karawaci, Banten, Tangerang, IDN, 15811
PT Multipolar Tbk is an investment holding company. The company is engaged in business scopes covering the telecommunication services, information technology industry, general trading including import, export, interinsulair, local and retail trading, property/real estate development, management services, renting spaces in buildings and investment. The company has three main business segments: Retail and Distribution, Information Technology, and Other Segments. The firm's key revenue is generated by the Retail and Distribution Segment.
65GF Score

Get the complete analysis for ISX:MLPL

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

Rp78.00
Price
Rp99.18
GF Value