BSPDF (PT Bumi Serpong Damai Tbk) Cyclically Adjusted PB Ratio: 0.33 (As of Aug. 24, 2026) — 54% Below Median

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.

BSPDF PT Bumi Serpong Damai Tbk BSPDF
91 GF Score
Price $0.03
GF Value $0.04
! 8 Warning Signs
View Full Analysis

What is PT Bumi Serpong Damai Tbk Cyclically Adjusted PB Ratio?

PT Bumi Serpong Damai Tbk BSPDF 91 Cyclically Adjusted PB Ratio is 0.33 as of Aug. 24, 2026, which is 54% below its 10-year median of 0.71. GuruFocus rates BSPDF with a GF Score™ of 91/100 and a GF Value™ of $0.04. The stock has 8 warning signs investors should review. Among 1,352 Real Estate companies, PT Bumi Serpong Damai Tbk ranks better than 69.6% on this metric.

As of today (2026-08-24), PT Bumi Serpong Damai Tbk's current share price is $0.026. PT Bumi Serpong Damai Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.08. PT Bumi Serpong Damai Tbk's Cyclically Adjusted PB Ratio for today is 0.33.

The historical rank and industry rank for PT Bumi Serpong Damai Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSPDF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.71   Max: 1.22
Current: 0.36

During the past years, PT Bumi Serpong Damai Tbk's highest Cyclically Adjusted PB Ratio was 1.22. The lowest was 0.31. And the median was 0.71.

BSPDF's Cyclically Adjusted PB Ratio is ranked better than
69.6% of 1352 companies
in the Real Estate industry
Industry Median: 0.675 vs BSPDF: 0.36

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 Bumi Serpong Damai Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was $0.120. 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 $0.08 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bumi Serpong Damai Tbk  (OTCPK:BSPDF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


PT Bumi Serpong Damai Tbk Cyclically Adjusted PB Ratio Related Terms


PT Bumi Serpong Damai Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Bumi Serpong Damai Tbk's Cyclically Adjusted PB Ratio 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 Bumi Serpong Damai Tbk Cyclically Adjusted PB Ratio Chart

PT Bumi Serpong Damai Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.68 0.73 0.60 0.53

PT Bumi Serpong Damai 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 PB Ratio 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 0.48 0.63 0.53 0.42 0.31

PT Bumi Serpong Damai Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, PT Bumi Serpong Damai 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 Bumi Serpong Damai Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


BSPDF
91GF Score
PT Bumi Serpong Damai Tbk BSPDF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bumi Serpong Damai Tbk Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

PT Bumi Serpong Damai Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.026/0.08
=0.33

* 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 Bumi Serpong Damai Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bumi Serpong Damai 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)
=0.12/137.6954*137.6954
=0.120

Current CPI (Jun. 2026) = 137.6954.

PT Bumi Serpong Damai Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.079 104.142 0.104
201612 0.080 105.222 0.105
201703 0.083 106.476 0.107
201706 0.088 107.722 0.112
201709 0.089 108.020 0.113
201712 0.097 109.017 0.123
201803 0.097 110.097 0.121
201806 0.096 111.085 0.119
201809 0.091 111.135 0.113
201812 0.095 112.430 0.116
201903 0.099 112.829 0.121
201906 0.105 114.730 0.126
201909 0.107 114.905 0.128
201912 0.110 115.486 0.131
202003 0.096 116.252 0.114
202006 0.099 116.630 0.117
202009 0.096 116.397 0.114
202012 0.102 117.318 0.120
202103 0.101 117.840 0.118
202106 0.102 118.184 0.119
202109 0.104 118.262 0.121
202112 0.105 119.516 0.121
202203 0.106 120.948 0.121
202206 0.103 123.322 0.115
202209 0.104 125.298 0.114
202212 0.103 126.098 0.112
202303 0.110 126.953 0.119
202306 0.113 127.663 0.122
202309 0.112 128.151 0.120
202312 0.112 129.395 0.119
202403 0.115 130.607 0.121
202406 0.114 130.792 0.120
202409 0.122 130.361 0.129
202412 0.122 131.432 0.128
202503 0.121 131.948 0.126
202506 0.125 133.241 0.129
202509 0.124 133.819 0.128
202512 0.125 135.271 0.127
202603 0.125 136.539 0.126
202606 0.120 137.695 0.120

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 0.33 mean?
PT Bumi Serpong Damai Tbk (BSPDF) has a Cyclically Adjusted PB Ratio of 0.33 as of Aug. 24, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Bumi Serpong Damai Tbk and its competitors. This is 54% below median its historical median of 0.71. Over the past decade, PT Bumi Serpong Damai Tbk's Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.22. According to the industry distribution chart, PT Bumi Serpong Damai Tbk ranks #411 out of 1352 companies in the Real Estate industry, placing it in the top 30.4%.
Is PT Bumi Serpong Damai Tbk's Cyclically Adjusted PB Ratio too high?
PT Bumi Serpong Damai Tbk's current Cyclically Adjusted PB Ratio of 0.33 is 54% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.22. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. PT Bumi Serpong Damai Tbk's value of 0.33 is 51.1% below this industry median. Based on the distribution chart, PT Bumi Serpong Damai Tbk ranks #411 out of 1352 companies in the Real Estate industry, which is above the industry midpoint. Overall, PT Bumi Serpong Damai Tbk has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does PT Bumi Serpong Damai Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Bumi Serpong Damai Tbk ranks #411 out of 1352 companies for Cyclically Adjusted PB Ratio. This puts PT Bumi Serpong Damai Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. PT Bumi Serpong Damai Tbk's value of 0.33 is 51.1% below this benchmark. Historically, PT Bumi Serpong Damai Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 1.22 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.68, PT Bumi Serpong Damai Tbk has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.68, based on 1,352 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Bumi Serpong Damai Tbk's current Cyclically Adjusted PB Ratio of 0.33 is 51.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PT Bumi Serpong Damai Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bumi Serpong Damai Tbk's current Cyclically Adjusted PB Ratio is 0.33, which is 54% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bumi Serpong Damai Tbk stock overvalued right now?
PT Bumi Serpong Damai Tbk (BSPDF) has a current Cyclically Adjusted PB Ratio of 0.33. The stock's GF Value™ is $0.04, compared to a current price of $0.03 — trading 35% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is 54% below median its 10-year median of 0.71 and 51.1% below the Real Estate industry median of 0.68. PT Bumi Serpong Damai Tbk's overall GF Score™ is 91/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PT Bumi Serpong Damai Tbk (BSPDF), the current Cyclically Adjusted PB Ratio is 0.33 as of Aug. 24, 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 Bumi Serpong Damai Tbk (BSPDF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bumi Serpong Damai Tbk stock appears to be undervalued. The current stock price of $0.03 is trading 35% below its estimated GF Value™ of $0.04.

Key valuation signals for BSPDF:

  • Cyclically Adjusted PB Ratio: 0.33 (54% below median its 10-year median of 0.71)
  • GF Value™: $0.04 vs. price of $0.03 (35% below fair value)
  • GF Score™: 91/100 with 8 warning signs
  • Industry Position: 51.1% below the Real Estate median (#411 of 1352)

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


PT Bumi Serpong Damai Tbk Business Description

Other Exchanges BSDE:Indonesia
Address Sinar Mas Land Plaza, Jalan Grand Boulevard, BSD Green Office Park, BSD City, Tangerang, IDN, 15345
PT Bumi Serpong Damai Tbk is a general real estate company. The company reports five segments: real estate, property, hotel, toll road, and others. Its real estate segment, which is engaged in the development of real estate properties, generates the vast majority of the company's revenue. PT Bumi's operations are centered in Indonesia. Its property include BDS city, Grand Wista, The Armont Residences, etc.
91GF Score

Get the complete analysis for BSPDF

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

$0.03
Price
$0.04
GF Value