PT Siantar Top Tbk (ISX:STTP) Cyclically Adjusted Book per Share: Rp2,811.97 (As of Mar. 2026)


ISX:STTP PT Siantar Top Tbk ISX:STTP
94 GF Score
Price Rp9,975.00
GF Value Rp10,869.06
Valuation Fairly Valued
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What is PT Siantar Top Tbk Cyclically Adjusted Book per Share?

PT Siantar Top Tbk ISX:STTP 94 Cyclically Adjusted Book per Share is Rp2,811.97 as of Mar. 2026. GuruFocus rates ISX:STTP with a GF Score™ of 94/100 and a GF Value™ of Rp10,869.06 (Fairly Valued).

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 Siantar Top Tbk's adjusted book value per share for the three months ended in Mar. 2026 was Rp5,748.164. 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 Rp2,811.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Siantar Top Tbk's average Cyclically Adjusted Book Growth Rate was 23.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 21.10% 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 Siantar Top Tbk was 21.10% per year. The lowest was 21.10% per year. And the median was 21.10% per year.

As of today (2026-06-30), PT Siantar Top Tbk's current stock price is Rp9975.00. PT Siantar Top Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp2,811.97. PT Siantar Top Tbk's Cyclically Adjusted PB Ratio of today is 3.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Siantar Top Tbk was 9.33. The lowest was 3.35. And the median was 5.19.


PT Siantar Top Tbk  (ISX:STTP) 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 Siantar Top Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9975.00/2811.97
=3.55

* 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 Siantar Top Tbk was 9.33. The lowest was 3.35. And the median was 5.19.


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 Siantar Top Tbk Cyclically Adjusted Book per Share Related Terms


PT Siantar Top Tbk Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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

PT Siantar Top 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 1,503.55 1,837.95 2,169.93 2,669.50

PT Siantar Top 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 2,279.12 2,406.48 2,527.79 2,669.50 2,811.97

ISX:STTP vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, PT Siantar Top 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 Siantar Top Tbk Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Siantar Top Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:STTP
94GF Score
PT Siantar Top Tbk ISX:STTP
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Siantar Top 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 Siantar Top 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)
=5748.164/136.5387*136.5387
=5,748.164

Current CPI (Mar. 2026) = 136.5387.

PT Siantar Top Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 798.077 103.212 1,055.769
201609 827.918 104.142 1,085.464
201612 882.467 105.222 1,145.112
201703 910.512 106.476 1,167.589
201706 946.747 107.722 1,200.017
201709 1,013.431 108.020 1,280.985
201712 1,047.491 109.017 1,311.935
201803 1,116.262 110.097 1,384.358
201806 1,154.153 111.085 1,418.616
201809 1,204.930 111.135 1,480.365
201812 1,244.706 112.430 1,511.613
201903 1,347.726 112.829 1,630.942
201906 1,434.462 114.730 1,707.132
201909 1,535.110 114.905 1,824.139
201912 1,616.057 115.486 1,910.660
202003 1,749.935 116.252 2,055.304
202006 1,824.063 116.630 2,135.434
202009 1,901.859 116.397 2,230.970
202012 2,016.954 117.318 2,347.398
202103 2,136.198 117.840 2,475.171
202106 2,219.842 118.184 2,564.599
202109 2,350.110 118.262 2,713.313
202112 2,495.892 119.516 2,851.380
202203 2,621.234 120.948 2,959.117
202206 2,679.095 123.322 2,966.210
202209 2,803.857 125.298 3,055.386
202212 2,974.864 126.098 3,221.185
202303 3,158.773 126.953 3,397.292
202306 3,286.238 127.663 3,514.715
202309 3,502.347 128.151 3,731.570
202312 3,676.353 129.395 3,879.328
202403 4,061.666 130.607 4,246.132
202406 4,228.094 130.792 4,413.880
202409 4,444.229 130.361 4,654.841
202412 4,669.931 131.432 4,851.396
202503 4,900.572 131.948 5,071.056
202506 5,081.933 133.241 5,207.726
202509 5,345.995 133.819 5,454.646
202512 5,565.799 135.271 5,617.955
202603 5,748.164 136.539 5,748.164

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 Rp2,811.97 mean?
PT Siantar Top Tbk (ISX:STTP) has a Cyclically Adjusted Book per Share of Rp2,811.97 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 Siantar Top Tbk and its competitors.
Is PT Siantar Top Tbk's Cyclically Adjusted Book per Share too high?
PT Siantar Top Tbk's current Cyclically Adjusted Book per Share is Rp2,811.97. Overall, PT Siantar Top Tbk has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Siantar Top Tbk's Cyclically Adjusted Book per Share compare to KHC and GIS?
PT Siantar Top Tbk's Cyclically Adjusted Book per Share of Rp2,811.97 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods 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 Siantar Top Tbk and its competitors. PT Siantar Top Tbk's current Cyclically Adjusted Book per Share is Rp2,811.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Siantar Top Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Siantar Top Tbk (ISX:STTP) is currently considered Fairly Valued. The stock's GF Value™ is Rp10,869.06, compared to a current price of Rp9,975.00 — trading 8.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is Rp2,811.97. PT Siantar Top Tbk's overall GF Score™ is 94/100. 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 Siantar Top Tbk (ISX:STTP), the current Cyclically Adjusted Book per Share is Rp2,811.97 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 Siantar Top Tbk (ISX:STTP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Siantar Top Tbk stock appears to be undervalued. The current stock price of Rp9,975.00 is trading 8.2% below its estimated GF Value™ of Rp10,869.06. GuruFocus considers PT Siantar Top Tbk to be Fairly Valued.

Key valuation signals for ISX:STTP:

  • Cyclically Adjusted Book per Share: Rp2,811.97
  • GF Value™: Rp10,869.06 vs. price of Rp9,975.00 (8.2% below fair value)
  • GF Score™: 94/100

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


PT Siantar Top Tbk Business Description

Address Jalan Tambak Sawah No. 21-23, Waru, Sidoarjo, IDN, 61256
PT Siantar Top Tbk is a snack manufacturing company. The company is principally engaged in the manufacturing of snacks such as crackers, noodles, candies, biscuits, and wafers. The company has two operating segments include the food processing segment, from the sales of rice, crackers, biscuits, wafers, and candy, and other segments that arise from the sales of flour and seasoning. The majority of the revenue is made from the food processing segment. The company operates in three key geographic locations of food processing in Sidoarjo, Medan and Bekasi.
94GF Score

Get the complete analysis for ISX:STTP

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

Rp9,975.00
Price
Rp10,869.06
GF Value