PT Surya Semesta Internusa Tbk (ISX:SSIA) Cyclically Adjusted Book per Share: Rp1,023.50 (As of Jun. 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:SSIA PT Surya Semesta Internusa Tbk ISX:SSIA
89 GF Score
Price Rp1,695.00
GF Value Rp1,351.04
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT Surya Semesta Internusa Tbk Cyclically Adjusted Book per Share?

PT Surya Semesta Internusa Tbk ISX:SSIA -3.14% 89 Cyclically Adjusted Book per Share is Rp1,023.50 as of Jun. 2026. GuruFocus rates ISX:SSIA with a GF Score™ of 89/100 and a GF Value™ of Rp1,351.04 (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 Surya Semesta Internusa Tbk's adjusted book value per share for the three months ended in Jun. 2026 was Rp1,229.144. 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 Rp1,023.50 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Surya Semesta Internusa Tbk's average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 Surya Semesta Internusa Tbk was 8.70% per year. The lowest was 6.10% per year. And the median was 6.70% per year.

As of today (2026-09-13), PT Surya Semesta Internusa Tbk's current stock price is Rp1695.00. PT Surya Semesta Internusa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp1,023.50. PT Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio of today is 1.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Surya Semesta Internusa Tbk was 2.98. The lowest was 0.31. And the median was 0.67.


PT Surya Semesta Internusa Tbk  (ISX:SSIA) 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 Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1695.00/1023.50
=1.66

* 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 Surya Semesta Internusa Tbk was 2.98. The lowest was 0.31. And the median was 0.67.


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 Surya Semesta Internusa Tbk Cyclically Adjusted Book per Share Related Terms


PT Surya Semesta Internusa Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for PT Surya Semesta Internusa 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 Surya Semesta Internusa Tbk Cyclically Adjusted Book per Share Chart

PT Surya Semesta Internusa 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 766.98 828.02 871.21 924.29 987.70

PT Surya Semesta Internusa Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 955.55 968.25 987.70 1,005.29 1,023.50

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

For the Engineering & Construction subindustry, PT Surya Semesta Internusa 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 Surya Semesta Internusa Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:SSIA
89GF Score
PT Surya Semesta Internusa Tbk ISX:SSIA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Surya Semesta Internusa 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 Surya Semesta Internusa Tbk's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1229.144/137.6954*137.6954
=1,229.144

Current CPI (Jun. 2026) = 137.6954.

PT Surya Semesta Internusa Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 636.467 104.142 841.526
201612 623.571 105.222 816.017
201703 624.272 106.476 807.313
201706 876.232 107.722 1,120.047
201709 874.572 108.020 1,114.831
201712 861.881 109.017 1,088.611
201803 860.018 110.097 1,075.607
201806 830.804 111.085 1,029.826
201809 829.308 111.135 1,027.511
201812 848.263 112.430 1,038.887
201903 845.392 112.829 1,031.713
201906 833.644 114.730 1,000.512
201909 838.065 114.905 1,004.291
201912 842.557 115.486 1,004.592
202003 862.878 116.252 1,022.039
202006 836.115 116.630 987.134
202009 814.877 116.397 963.987
202012 824.713 117.318 967.960
202103 814.842 117.840 952.140
202106 790.427 118.184 920.922
202109 772.312 118.262 899.224
202112 788.085 119.516 907.959
202203 772.968 120.948 879.998
202206 817.335 123.322 912.594
202209 818.924 125.298 899.948
202212 844.274 126.098 921.925
202303 843.662 126.953 915.054
202306 831.383 127.663 896.718
202309 837.699 128.151 900.086
202312 879.636 129.395 936.065
202403 889.210 130.607 937.470
202406 1,153.841 130.792 1,214.746
202409 1,188.920 130.361 1,255.812
202412 1,212.245 131.432 1,270.019
202503 1,203.605 131.948 1,256.028
202506 1,187.639 133.241 1,227.347
202509 1,217.755 133.819 1,253.030
202512 1,182.529 135.271 1,203.722
202603 1,197.429 136.539 1,207.573
202606 1,229.144 137.695 1,229.144

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 Rp1,023.50 mean?
PT Surya Semesta Internusa Tbk (ISX:SSIA) has a Cyclically Adjusted Book per Share of Rp1,023.50 as of Jun. 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 Surya Semesta Internusa Tbk and its competitors.
Is PT Surya Semesta Internusa Tbk's Cyclically Adjusted Book per Share too high?
PT Surya Semesta Internusa Tbk's current Cyclically Adjusted Book per Share is Rp1,023.50. Overall, PT Surya Semesta Internusa Tbk has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Surya Semesta Internusa Tbk's Cyclically Adjusted Book per Share compare to PWR and FIX?
PT Surya Semesta Internusa Tbk's Cyclically Adjusted Book per Share of Rp1,023.50 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 Surya Semesta Internusa Tbk and its competitors. PT Surya Semesta Internusa Tbk's current Cyclically Adjusted Book per Share is Rp1,023.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Semesta Internusa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Semesta Internusa Tbk (ISX:SSIA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp1,351.04, compared to a current price of Rp1,695.00 — trading 25.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is Rp1,023.50. PT Surya Semesta Internusa Tbk's overall GF Score™ is 89/100 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 Surya Semesta Internusa Tbk (ISX:SSIA), the current Cyclically Adjusted Book per Share is Rp1,023.50 as of Jun. 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 Surya Semesta Internusa Tbk (ISX:SSIA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Surya Semesta Internusa Tbk stock appears to be overvalued. The current stock price of Rp1,695.00 is trading 25.5% above its estimated GF Value™ of Rp1,351.04. GuruFocus considers PT Surya Semesta Internusa Tbk to be Modestly Overvalued.

Key valuation signals for ISX:SSIA:

  • Cyclically Adjusted Book per Share: Rp1,023.50
  • GF Value™: Rp1,351.04 vs. price of Rp1,695.00 (25.5% above fair value)
  • GF Score™: 89/100 with 6 warning signs

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


PT Surya Semesta Internusa Tbk Business Description

Address Jalan HR Rasuna Said Kav. 3-4 Kuningan, Tempo Scan Tower, 20th Floor, Jakarta, IDN, 12950
PT Surya Semesta Internusa Tbk is an Indonesian construction company. It operates in four segments. The Property development segment includes the development and management of industrial estates, real estate, buildings, and commercial centers. The Construction segment, which is the key revenue driver, includes general contractor services for commercial buildings, mining, and infrastructure. The hospitality segment includes the development and management of hotels and resorts, and Other Segment. The majority of the revenue is from the Construction segment.
89GF Score

Get the complete analysis for ISX:SSIA

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

Rp1,695.00
Price
Rp1,351.04
GF Value