PT Bekasi Asri Pemula Tbk (ISX:BAPA) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:BAPA PT Bekasi Asri Pemula Tbk ISX:BAPA
37 GF Score
Price Rp126.00
GF Value Rp64.63
Valuation Significantly Overvalued
! 3 Warning Signs
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What is PT Bekasi Asri Pemula Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bekasi Asri Pemula Tbk  (ISX:BAPA) 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 Bekasi Asri Pemula Tbk Cyclically Adjusted PB Ratio Related Terms


PT Bekasi Asri Pemula Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Bekasi Asri Pemula 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 Bekasi Asri Pemula Tbk Cyclically Adjusted PB Ratio Chart

PT Bekasi Asri Pemula 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 0.35 0.46 0.32 0.27 0.43

PT Bekasi Asri Pemula 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 0.38 0.44 0.36 1.33

PT Bekasi Asri Pemula Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, PT Bekasi Asri Pemula 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 Bekasi Asri Pemula Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Bekasi Asri Pemula Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bekasi Asri Pemula Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BAPA
37GF Score
PT Bekasi Asri Pemula Tbk ISX:BAPA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Bekasi Asri Pemula 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 Bekasi Asri Pemula Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Bekasi Asri Pemula 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)
=170.332/137.6954*137.6954
=170.332

Current CPI (Jun. 2026) = 137.6954.

PT Bekasi Asri Pemula Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 155.680 104.142 205.838
201612 161.776 105.222 211.703
201703 172.539 106.476 223.129
201706 172.386 107.722 220.353
201709 174.250 108.020 222.119
201712 181.555 109.017 229.316
201803 188.262 110.097 235.455
201806 187.047 111.085 231.855
201809 187.445 111.135 232.244
201812 193.251 112.430 236.679
201903 190.176 112.829 232.090
201906 203.741 114.730 244.523
201909 198.075 114.905 237.362
201912 204.916 115.486 244.324
202003 200.690 116.252 237.708
202006 200.032 116.630 236.162
202009 200.532 116.397 237.226
202012 202.797 117.318 238.021
202103 201.007 117.840 234.876
202106 199.301 118.184 232.204
202109 198.634 118.262 231.275
202112 200.065 119.516 230.496
202203 198.598 120.948 226.097
202206 197.064 123.322 220.031
202209 195.411 125.298 214.745
202212 194.693 126.098 212.600
202303 193.414 126.953 209.781
202306 195.425 127.663 210.783
202309 192.767 128.151 207.123
202312 190.092 129.395 202.286
202403 187.699 130.607 197.886
202406 185.598 130.792 195.395
202409 183.331 130.361 193.646
202412 182.268 131.432 190.955
202503 179.708 131.948 187.535
202506 177.010 133.241 182.928
202509 174.751 133.819 179.813
202512 174.008 135.271 177.127
202603 171.575 136.539 173.029
202606 170.332 137.695 170.332

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.

Is PT Bekasi Asri Pemula Tbk (ISX:BAPA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bekasi Asri Pemula Tbk stock appears to be overvalued. The current stock price of Rp126.00 is trading 95% above its estimated GF Value™ of Rp64.63. GuruFocus considers PT Bekasi Asri Pemula Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BAPA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp64.63 vs. price of Rp126.00 (95% above fair value)
  • GF Score™: 37/100 with 3 warning signs

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


PT Bekasi Asri Pemula Tbk Business Description

Address Jalan Arjuna No. 1, 2nd Floor, Gedung Tomang Tol Building, Tanjung Duren Selatan, West Jakarta, Jakarta, IDN, 11470
PT Bekasi Asri Pemula Tbk operates as a real estate development company in Indonesia. The company also focuses on activities in the fields of trade, development, industry, printing, agribusiness, mining, and transportation services. The company projects include Taman Alamanda, Alamanda Regency, and Bumi Serpong Residence.
37GF Score

Get the complete analysis for ISX:BAPA

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

Rp126.00
Price
Rp64.63
GF Value