PT Alam Sutera Realty Tbk (ISX:ASRI) Cyclically Adjusted PB Ratio: 0.22 (As of Sep. 15, 2026) — 35% Below Median

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ISX:ASRI PT Alam Sutera Realty Tbk ISX:ASRI
70 GF Score
Price Rp125.00
GF Value Rp141.81
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PT Alam Sutera Realty Tbk Cyclically Adjusted PB Ratio?

PT Alam Sutera Realty Tbk ISX:ASRI -1.57% 70 Cyclically Adjusted PB Ratio is 0.22 as of Sep. 15, 2026, which is 35% below its 10-year median of 0.34. GuruFocus rates ISX:ASRI with a GF Score™ of 70/100 and a GF Value™ of Rp141.81 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,300 Real Estate companies, PT Alam Sutera Realty Tbk ranks better than 79.15% on this metric.

As of today (2026-09-15), PT Alam Sutera Realty Tbk's current share price is Rp125.00. PT Alam Sutera Realty Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp573.13. PT Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio for today is 0.22.

The historical rank and industry rank for PT Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:ASRI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.34   Max: 0.72
Current: 0.22

During the past years, PT Alam Sutera Realty Tbk's highest Cyclically Adjusted PB Ratio was 0.72. The lowest was 0.18. And the median was 0.34.

ISX:ASRI's Cyclically Adjusted PB Ratio is ranked better than
79.15% of 1300 companies
in the Real Estate industry
Industry Median: 0.66 vs ISX:ASRI: 0.22

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 Alam Sutera Realty Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp592.339. 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 Rp573.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Alam Sutera Realty Tbk  (ISX:ASRI) 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 Alam Sutera Realty Tbk Cyclically Adjusted PB Ratio Related Terms


PT Alam Sutera Realty Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Alam Sutera Realty 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 Alam Sutera Realty Tbk Cyclically Adjusted PB Ratio Chart

PT Alam Sutera Realty 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 0.37 0.33 0.32 0.25 0.29

PT Alam Sutera Realty 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 0.24 0.33 0.29 0.23 0.19

PT Alam Sutera Realty Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, PT Alam Sutera Realty 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 Alam Sutera Realty Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where PT Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:ASRI
70GF Score
PT Alam Sutera Realty Tbk ISX:ASRI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Alam Sutera Realty 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 Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=125.00/573.134
=0.22

* 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 Alam Sutera Realty Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Alam Sutera Realty 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)
=592.339/137.6954*137.6954
=592.339

Current CPI (Jun. 2026) = 137.6954.

PT Alam Sutera Realty Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 373.914 104.142 494.383
201612 365.805 105.222 478.699
201703 374.903 106.476 484.827
201706 402.873 107.722 514.974
201709 423.716 108.020 540.118
201712 436.282 109.017 551.052
201803 451.501 110.097 564.683
201806 462.827 111.085 573.699
201809 469.078 111.135 581.187
201812 486.089 112.430 595.324
201903 494.238 112.829 603.166
201906 493.950 114.730 592.822
201909 496.501 114.905 594.980
201912 537.534 115.486 640.909
202003 467.578 116.252 553.824
202006 504.247 116.630 595.324
202009 480.446 116.397 568.360
202012 477.681 117.318 560.651
202103 461.699 117.840 539.494
202106 464.997 118.184 541.765
202109 470.343 118.262 547.633
202112 485.312 119.516 559.132
202203 492.376 120.948 560.553
202206 496.610 123.322 554.489
202209 491.131 125.298 539.723
202212 541.626 126.098 591.441
202303 543.161 126.953 589.124
202306 550.210 127.663 593.449
202309 552.542 128.151 593.692
202312 573.614 129.395 610.411
202403 575.806 130.607 607.057
202406 574.855 130.792 605.199
202409 574.788 130.361 607.127
202412 576.900 131.432 604.395
202503 578.546 131.948 603.745
202506 579.148 133.241 598.511
202509 577.487 133.819 594.215
202512 593.140 135.271 603.770
202603 594.096 136.539 599.129
202606 592.339 137.695 592.339

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 0.22 mean?
PT Alam Sutera Realty Tbk (ISX:ASRI) has a Cyclically Adjusted PB Ratio of 0.22 as of Sep. 15, 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 Alam Sutera Realty Tbk and its competitors. This is 35% below median its historical median of 0.34. Over the past decade, PT Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.72. According to the industry distribution chart, PT Alam Sutera Realty Tbk ranks #271 out of 1300 companies in the Real Estate industry, placing it in the top 20.8%.
Is PT Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio too high?
PT Alam Sutera Realty Tbk's current Cyclically Adjusted PB Ratio of 0.22 is 35% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.72. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. PT Alam Sutera Realty Tbk's value of 0.22 is 66.7% below this industry median. Based on the distribution chart, PT Alam Sutera Realty Tbk ranks #271 out of 1300 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, PT Alam Sutera Realty Tbk has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Alam Sutera Realty Tbk ranks #271 out of 1300 companies for Cyclically Adjusted PB Ratio. This places PT Alam Sutera Realty Tbk in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.66. PT Alam Sutera Realty Tbk's value of 0.22 is 66.7% below this benchmark. Historically, PT Alam Sutera Realty Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.72 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.66, PT Alam Sutera Realty 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 0.66, based on 1,300 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 Alam Sutera Realty Tbk's current Cyclically Adjusted PB Ratio of 0.22 is 66.7% 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 Alam Sutera Realty Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alam Sutera Realty Tbk's current Cyclically Adjusted PB Ratio is 0.22, which is 35% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alam Sutera Realty Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alam Sutera Realty Tbk (ISX:ASRI) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp141.81, compared to a current price of Rp125.00 — trading 11.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.22, which is 35% below median its 10-year median of 0.34 and 66.7% below the Real Estate industry median of 0.66. PT Alam Sutera Realty Tbk's overall GF Score™ is 70/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PT Alam Sutera Realty Tbk (ISX:ASRI), the current Cyclically Adjusted PB Ratio is 0.22 as of Sep. 15, 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 Alam Sutera Realty Tbk (ISX:ASRI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Alam Sutera Realty Tbk stock appears to be undervalued. The current stock price of Rp125.00 is trading 11.9% below its estimated GF Value™ of Rp141.81. GuruFocus considers PT Alam Sutera Realty Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ASRI:

  • Cyclically Adjusted PB Ratio: 0.22 (35% below median its 10-year median of 0.34)
  • GF Value™: Rp141.81 vs. price of Rp125.00 (11.9% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 66.7% below the Real Estate median (#271 of 1300)

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


PT Alam Sutera Realty Tbk Business Description

Address Jalan Jend. Gatot Subroto, Kav. 22, Wisma Argo Manunggal, 18 Floor, Karet Semanggi, Setiabudi District, South Jakarta, Jakarta, IDN, 12930
PT Alam Sutera Realty Tbk is an Indonesia-based company engaged in the development and management of the housing business. The company is also involved in the business of landed houses, commercial areas, apartments, office buildings, industrial areas, shopping centers, and recreational areas. The company operates through the following segments: Property developer; Investment properties; Tourism, and Others. The company generates maximum revenue from the Property developer segment.
70GF Score

Get the complete analysis for ISX:ASRI

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

Rp125.00
Price
Rp141.81
GF Value