PT Alam Sutera Realty Tbk (ISX:ASRI) Cyclically Adjusted PB Ratio: 0.21 (As of Jul. 15, 2026) — 40% Below Median

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ISX:ASRI PT Alam Sutera Realty Tbk ISX:ASRI
71 GF Score
Price Rp117.00
GF Value Rp145.52
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 71 Cyclically Adjusted PB Ratio is 0.21 as of Jul. 15, 2026, which is 40% below its 10-year median of 0.35. GuruFocus rates ISX:ASRI with a GF Score™ of 71/100 and a GF Value™ of Rp145.52 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,438 Real Estate companies, PT Alam Sutera Realty Tbk ranks better than 81.92% on this metric.

As of today (2026-07-15), PT Alam Sutera Realty Tbk's current share price is Rp117.00. PT Alam Sutera Realty Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp559.29. PT Alam Sutera Realty Tbk's Cyclically Adjusted PB Ratio for today is 0.21.

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: 0.35   Max: 0.72
Current: 0.21

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 0.35.

ISX:ASRI's Cyclically Adjusted PB Ratio is ranked better than
81.92% of 1438 companies
in the Real Estate industry
Industry Median: 0.71 vs ISX:ASRI: 0.21

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 Mar. 2026 was Rp587.647. 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 Rp559.29 for the trailing ten years ended in Mar. 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 0.38 0.34 0.33 0.26 0.30

PT Alam Sutera Realty 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 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 0.21 0.24 0.33 0.30 0.23

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
71GF 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
=117.00/559.29
=0.21

* 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 Mar. 2026 is calculated as:

For example, PT Alam Sutera Realty 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)
=587.647/136.5387*136.5387
=587.647

Current CPI (Mar. 2026) = 136.5387.

PT Alam Sutera Realty Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 358.190 103.212 473.847
201609 368.746 104.142 483.454
201612 360.452 105.222 467.732
201703 369.548 106.476 473.888
201706 397.371 107.722 503.674
201709 418.168 108.020 528.568
201712 430.823 109.017 539.586
201803 446.041 110.097 553.168
201806 457.340 111.085 562.135
201809 463.629 111.135 569.610
201812 480.600 112.430 583.657
201903 488.810 112.829 591.530
201906 488.505 114.730 581.363
201909 491.078 114.905 583.538
201912 531.980 115.486 628.959
202003 462.211 116.252 542.868
202006 498.946 116.630 584.117
202009 475.274 116.397 557.519
202012 472.618 117.318 550.049
202103 456.741 117.840 529.217
202106 460.100 118.184 531.557
202109 465.466 118.262 537.402
202112 480.384 119.516 548.805
202203 487.437 120.948 550.269
202206 491.595 123.322 544.279
202209 486.056 125.298 529.659
202212 535.641 126.098 579.993
202303 537.169 126.953 577.731
202306 544.146 127.663 581.978
202309 546.314 128.151 582.069
202312 567.891 129.395 599.245
202403 570.052 130.607 595.942
202406 568.876 130.792 593.873
202409 568.586 130.361 595.531
202412 570.731 131.432 592.909
202503 572.364 131.948 592.276
202506 572.866 133.241 587.046
202509 571.159 133.819 582.767
202512 586.697 135.271 592.195
202603 587.647 136.539 587.647

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 0.21 mean?
PT Alam Sutera Realty Tbk (ISX:ASRI) has a Cyclically Adjusted PB Ratio of 0.21 as of Jul. 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 40% below median its historical median of 0.35. 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 #260 out of 1438 companies in the Real Estate industry, placing it in the top 18.1%.
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 0.21 is 40% below median its 10-year median of 0.35. 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 0.71. PT Alam Sutera Realty Tbk's value of 0.21 is 70.4% below this industry median. Based on the distribution chart, PT Alam Sutera Realty Tbk ranks #260 out of 1438 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 71/100 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 #260 out of 1438 companies for Cyclically Adjusted PB Ratio. This places PT Alam Sutera Realty Tbk in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.71. PT Alam Sutera Realty Tbk's value of 0.21 is 70.4% 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 0.35 vs. the industry median of 0.71, 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 0.71, based on 1,438 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 0.21 is 70.4% 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 0.71 — 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 0.21, which is 40% below median its own 10-year median of 0.35. 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 Rp145.52, compared to a current price of Rp117.00 — trading 19.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 40% below median its 10-year median of 0.35 and 70.4% below the Real Estate industry median of 0.71. PT Alam Sutera Realty Tbk's overall GF Score™ is 71/100 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 0.21 as of Jul. 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 Rp117.00 is trading 19.6% below its estimated GF Value™ of Rp145.52. GuruFocus considers PT Alam Sutera Realty Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ASRI:

  • Cyclically Adjusted PB Ratio: 0.21 (40% below median its 10-year median of 0.35)
  • GF Value™: Rp145.52 vs. price of Rp117.00 (19.6% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 70.4% below the Real Estate median (#260 of 1438)

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.
71GF 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.

Rp117.00
Price
Rp145.52
GF Value