PT Metropolitan Land Tbk (ISX:MTLA) Cyclically Adjusted Book per Share: Rp569.02 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:MTLA PT Metropolitan Land Tbk ISX:MTLA
82 GF Score
Price Rp515.00
GF Value Rp430.15
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is PT Metropolitan Land Tbk Cyclically Adjusted Book per Share?

PT Metropolitan Land Tbk ISX:MTLA 82 Cyclically Adjusted Book per Share is Rp569.02 as of Mar. 2026. GuruFocus rates ISX:MTLA with a GF Score™ of 82/100 and a GF Value™ of Rp430.15 (Modestly Overvalued). The stock has 5 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 Metropolitan Land Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp724.676. 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 Rp569.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Metropolitan Land Tbk's average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.90% 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 Metropolitan Land Tbk was 10.60% per year. The lowest was 9.20% per year. And the median was 9.80% per year.

As of today (2026-07-16), PT Metropolitan Land Tbk's current stock price is Rp515.00. PT Metropolitan Land Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp569.02. PT Metropolitan Land Tbk's Cyclically Adjusted PB Ratio of today is 0.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Metropolitan Land Tbk was 1.27. The lowest was 0.78. And the median was 0.88.


PT Metropolitan Land Tbk  (ISX:MTLA) 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 Metropolitan Land Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=515.00/569.02
=0.91

* 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 Metropolitan Land Tbk was 1.27. The lowest was 0.78. And the median was 0.88.


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 Metropolitan Land Tbk Cyclically Adjusted Book per Share Related Terms


PT Metropolitan Land Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Metropolitan Land 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 382.27 425.82 466.79 505.85 555.12

PT Metropolitan Land 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 516.24 529.71 540.47 555.12 569.02

ISX:MTLA vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, PT Metropolitan Land 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 Metropolitan Land Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


ISX:MTLA
82GF Score
PT Metropolitan Land Tbk ISX:MTLA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Metropolitan Land 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 Metropolitan Land 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)
=724.676/136.5387*136.5387
=724.676

Current CPI (Mar. 2026) = 136.5387.

PT Metropolitan Land Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 288.912 103.212 382.199
201609 293.914 104.142 385.344
201612 306.956 105.222 398.314
201703 315.008 106.476 403.949
201706 315.801 107.722 400.283
201709 320.993 108.020 405.738
201712 358.902 109.017 449.508
201803 370.041 110.097 458.915
201806 379.835 111.085 466.871
201809 388.274 111.135 477.029
201812 413.564 112.430 502.246
201903 423.469 112.829 512.458
201906 431.517 114.730 513.542
201909 437.108 114.905 519.406
201912 467.183 115.486 552.349
202003 474.376 116.252 557.156
202006 478.087 116.630 559.697
202009 485.386 116.397 569.381
202012 495.023 117.318 576.124
202103 501.652 117.840 581.254
202106 498.957 118.184 576.449
202109 514.385 118.262 593.882
202112 536.885 119.516 613.353
202203 544.906 120.948 615.146
202206 551.339 123.322 610.425
202209 563.485 125.298 614.034
202212 579.623 126.098 627.616
202303 588.528 126.953 632.968
202306 586.943 127.663 627.750
202309 608.603 128.151 648.435
202312 623.593 129.395 658.022
202403 622.257 130.607 650.518
202406 636.875 130.792 664.860
202409 653.680 130.361 684.658
202412 674.210 131.432 700.409
202503 684.047 131.948 707.844
202506 690.172 133.241 707.256
202509 693.325 133.819 707.416
202512 716.556 135.271 723.271
202603 724.676 136.539 724.676

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 Rp569.02 mean?
PT Metropolitan Land Tbk (ISX:MTLA) has a Cyclically Adjusted Book per Share of Rp569.02 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 Metropolitan Land Tbk and its competitors.
Is PT Metropolitan Land Tbk's Cyclically Adjusted Book per Share too high?
PT Metropolitan Land Tbk's current Cyclically Adjusted Book per Share is Rp569.02. Overall, PT Metropolitan Land Tbk has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Metropolitan Land Tbk's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
PT Metropolitan Land Tbk's Cyclically Adjusted Book per Share of Rp569.02 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 Metropolitan Land Tbk and its competitors. PT Metropolitan Land Tbk's current Cyclically Adjusted Book per Share is Rp569.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Metropolitan Land Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Metropolitan Land Tbk (ISX:MTLA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp430.15, compared to a current price of Rp515.00 — trading 19.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp569.02. PT Metropolitan Land Tbk's overall GF Score™ is 82/100 with 5 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 Metropolitan Land Tbk (ISX:MTLA), the current Cyclically Adjusted Book per Share is Rp569.02 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 Metropolitan Land Tbk (ISX:MTLA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Metropolitan Land Tbk stock appears to be overvalued. The current stock price of Rp515.00 is trading 19.7% above its estimated GF Value™ of Rp430.15. GuruFocus considers PT Metropolitan Land Tbk to be Modestly Overvalued.

Key valuation signals for ISX:MTLA:

  • Cyclically Adjusted Book per Share: Rp569.02
  • GF Value™: Rp430.15 vs. price of Rp515.00 (19.7% above fair value)
  • GF Score™: 82/100 with 5 warning signs

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


PT Metropolitan Land Tbk Business Description

Address Moeffreni Moe\'min, Jl. Letkol M., Pekayon Jaya, Bekasi, IDN, 17148
PT Metropolitan Land Tbk, together with its subsidiaries, is engaged in the development of housing and the construction of buildings, and provides other related services. Its business activities comprise land acquisition, real estate development, leasing, hotel construction and operation, the sale of land and buildings, including residential houses and shop houses, and investing in its subsidiaries. The company generates revenue from several primary sources, including sales of real estate, hotel revenue, rental income, and service charges to tenants. Its reportable segments are real estate, shopping centers, hotels, and others. The majority of its revenue is generated from the real estate segment.
82GF Score

Get the complete analysis for ISX:MTLA

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

Rp515.00
Price
Rp430.15
GF Value