PT Nusa Raya Cipta Tbk (ISX:NRCA) Cyclically Adjusted Book per Share: Rp568.42 (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:NRCA PT Nusa Raya Cipta Tbk ISX:NRCA
86 GF Score
Price Rp496.00
GF Value Rp444.20
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT Nusa Raya Cipta Tbk Cyclically Adjusted Book per Share?

PT Nusa Raya Cipta Tbk ISX:NRCA +4.64% 86 Cyclically Adjusted Book per Share is Rp568.42 as of Mar. 2026. GuruFocus rates ISX:NRCA with a GF Score™ of 86/100 and a GF Value™ of Rp444.20 (Modestly Overvalued). 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 Nusa Raya Cipta Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp563.436. 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 Rp568.42 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Nusa Raya Cipta Tbk's average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.00% 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 Nusa Raya Cipta Tbk was 2.00% per year. The lowest was 2.00% per year. And the median was 2.00% per year.

As of today (2026-07-31), PT Nusa Raya Cipta Tbk's current stock price is Rp496.00. PT Nusa Raya Cipta Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp568.42. PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Nusa Raya Cipta Tbk was 3.52. The lowest was 0.53. And the median was 0.63.


PT Nusa Raya Cipta Tbk  (ISX:NRCA) 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 Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=496.00/568.42
=0.87

* 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 Nusa Raya Cipta Tbk was 3.52. The lowest was 0.53. And the median was 0.63.


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 Nusa Raya Cipta Tbk Cyclically Adjusted Book per Share Related Terms


PT Nusa Raya Cipta Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk Cyclically Adjusted Book per Share Chart

PT Nusa Raya Cipta 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 0.00 531.89 543.50 551.74 564.16

PT Nusa Raya Cipta 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 552.52 556.51 558.68 564.16 568.42

ISX:NRCA vs PWR, FIX, EME: Cyclically Adjusted Book per Share Comparison

For the Engineering & Construction subindustry, PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:NRCA
86GF Score
PT Nusa Raya Cipta Tbk ISX:NRCA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Nusa Raya Cipta 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 Nusa Raya Cipta 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)
=563.436/136.5387*136.5387
=563.436

Current CPI (Mar. 2026) = 136.5387.

PT Nusa Raya Cipta Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 442.727 103.212 585.680
201609 451.002 104.142 591.298
201612 466.032 105.222 604.735
201703 475.983 106.476 610.374
201706 503.685 107.722 638.429
201709 483.783 108.020 611.506
201712 492.587 109.017 616.943
201803 509.489 110.097 631.854
201806 474.544 111.085 583.281
201809 485.342 111.135 596.286
201812 494.791 112.430 600.891
201903 506.810 112.829 613.313
201906 495.128 114.730 589.244
201909 508.352 114.905 604.064
201912 500.085 115.486 591.249
202003 511.340 116.252 600.570
202006 520.008 116.630 608.774
202009 504.275 116.397 591.538
202012 477.086 117.318 555.249
202103 480.596 117.840 556.857
202106 465.579 118.184 537.887
202109 468.777 118.262 541.225
202112 482.851 119.516 551.623
202203 496.483 120.948 560.481
202206 486.004 123.322 538.088
202209 495.361 125.298 539.799
202212 498.002 126.098 539.237
202303 509.934 126.953 548.439
202306 478.064 127.663 511.302
202309 490.022 128.151 522.093
202312 495.742 129.395 523.112
202403 507.639 130.607 530.694
202406 491.410 130.792 513.003
202409 501.792 130.361 525.572
202412 497.332 131.432 516.657
202503 514.658 131.948 532.562
202506 506.055 133.241 518.581
202509 559.813 133.819 571.190
202512 564.322 135.271 569.610
202603 563.436 136.539 563.436

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 Rp568.42 mean?
PT Nusa Raya Cipta Tbk (ISX:NRCA) has a Cyclically Adjusted Book per Share of Rp568.42 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 Nusa Raya Cipta Tbk and its competitors.
Is PT Nusa Raya Cipta Tbk's Cyclically Adjusted Book per Share too high?
PT Nusa Raya Cipta Tbk's current Cyclically Adjusted Book per Share is Rp568.42. Overall, PT Nusa Raya Cipta Tbk has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Nusa Raya Cipta Tbk's Cyclically Adjusted Book per Share compare to PWR and FIX?
PT Nusa Raya Cipta Tbk's Cyclically Adjusted Book per Share of Rp568.42 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 Nusa Raya Cipta Tbk and its competitors. PT Nusa Raya Cipta Tbk's current Cyclically Adjusted Book per Share is Rp568.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Nusa Raya Cipta Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Nusa Raya Cipta Tbk (ISX:NRCA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp444.20, compared to a current price of Rp496.00 — trading 11.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp568.42. PT Nusa Raya Cipta Tbk's overall GF Score™ is 86/100 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 Nusa Raya Cipta Tbk (ISX:NRCA), the current Cyclically Adjusted Book per Share is Rp568.42 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 Nusa Raya Cipta Tbk (ISX:NRCA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Nusa Raya Cipta Tbk stock appears to be overvalued. The current stock price of Rp496.00 is trading 11.7% above its estimated GF Value™ of Rp444.20. GuruFocus considers PT Nusa Raya Cipta Tbk to be Modestly Overvalued.

Key valuation signals for ISX:NRCA:

  • Cyclically Adjusted Book per Share: Rp568.42
  • GF Value™: Rp444.20 vs. price of Rp496.00 (11.7% above fair value)
  • GF Score™: 86/100 with 6 warning signs

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


PT Nusa Raya Cipta Tbk Business Description

Address Jalan D. I. Panjaitan Number 40, Graha Cipta Building Lantai 2, Jakarta, IDN, 13350
PT Nusa Raya Cipta Tbk is an Indonesian-based company engaged in construction services. The company's project comprises the construction of hotels and resorts, office buildings, apartments, hospitals, malls, shopping centers, and factories. It operates in two business segments: the Building Construction segment, which generates key revenue for the company, and the Hotel and similar business segment. The company conducts its business in multiple locations based on regional offices, namely Jakarta, Denpasar, Semarang, Surabaya, and Medan.
86GF Score

Get the complete analysis for ISX:NRCA

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

Rp496.00
Price
Rp444.20
GF Value