PT Bukit Darmo Property Tbk (ISX:BKDP) Cyclically Adjusted PB Ratio: 2.39 (As of Jul. 29, 2026) — 285% Above Median

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ISX:BKDP PT Bukit Darmo Property Tbk ISX:BKDP
38 GF Score
Price Rp169.00
GF Value Rp66.62
Valuation Significantly Overvalued
! 4 Warning Signs
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What is PT Bukit Darmo Property Tbk Cyclically Adjusted PB Ratio?

PT Bukit Darmo Property Tbk ISX:BKDP 38 Cyclically Adjusted PB Ratio is 2.39 as of Jul. 29, 2026, which is 285% above its 10-year median of 0.62. GuruFocus rates ISX:BKDP with a GF Score™ of 38/100 and a GF Value™ of Rp66.62 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,422 Real Estate companies, PT Bukit Darmo Property Tbk ranks worse than 85.65% on this metric.

As of today (2026-07-29), PT Bukit Darmo Property Tbk's current share price is Rp169.00. PT Bukit Darmo Property Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp70.75. PT Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio for today is 2.39.

The historical rank and industry rank for PT Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:BKDP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.62   Max: 2.13
Current: 2.11

During the past years, PT Bukit Darmo Property Tbk's highest Cyclically Adjusted PB Ratio was 2.13. The lowest was 0.36. And the median was 0.62.

ISX:BKDP's Cyclically Adjusted PB Ratio is ranked worse than
85.65% of 1422 companies
in the Real Estate industry
Industry Median: 0.69 vs ISX:BKDP: 2.11

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 Bukit Darmo Property Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp39.882. 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 Rp70.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Bukit Darmo Property Tbk  (ISX:BKDP) 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 Bukit Darmo Property Tbk Cyclically Adjusted PB Ratio Related Terms


PT Bukit Darmo Property Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Bukit Darmo Property 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 Bukit Darmo Property Tbk Cyclically Adjusted PB Ratio Chart

PT Bukit Darmo Property 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 0.99 0.98 0.61 0.66 0.60

PT Bukit Darmo Property 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 0.52 0.46 0.64 0.60 0.79

ISX:BKDP vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, PT Bukit Darmo Property 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 Bukit Darmo Property Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:BKDP
38GF Score
PT Bukit Darmo Property Tbk ISX:BKDP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bukit Darmo Property 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 Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=169.00/70.75
=2.39

* 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 Bukit Darmo Property Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Bukit Darmo Property 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)
=39.882/136.5387*136.5387
=39.882

Current CPI (Mar. 2026) = 136.5387.

PT Bukit Darmo Property Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 82.463 103.212 109.090
201609 80.346 104.142 105.340
201612 79.889 105.222 103.666
201703 79.085 106.476 101.414
201706 77.176 107.722 97.822
201709 75.646 108.020 95.617
201712 73.129 109.017 91.591
201803 72.179 110.097 89.514
201806 70.809 111.085 87.034
201809 69.222 111.135 85.045
201812 67.833 112.430 82.379
201903 0.000 112.829 0.000
201906 65.603 114.730 78.073
201909 63.912 114.905 75.945
201912 68.060 115.486 80.467
202003 67.137 116.252 78.853
202006 66.271 116.630 77.584
202009 65.281 116.397 76.578
202012 64.061 117.318 74.556
202103 62.543 117.840 72.467
202106 61.482 118.184 71.031
202109 59.935 118.262 69.198
202112 59.435 119.516 67.900
202203 58.800 120.948 66.379
202206 56.499 123.322 62.554
202209 55.822 125.298 60.830
202212 55.003 126.098 59.557
202303 54.133 126.953 58.221
202306 52.265 127.663 55.899
202309 52.253 128.151 55.673
202312 50.835 129.395 53.642
202403 49.460 130.607 51.706
202406 48.295 130.792 50.417
202409 47.279 130.361 49.520
202412 46.025 131.432 47.813
202503 44.880 131.948 46.441
202506 43.821 133.241 44.906
202509 42.402 133.819 43.264
202512 41.130 135.271 41.515
202603 39.882 136.539 39.882

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 2.39 mean?
PT Bukit Darmo Property Tbk (ISX:BKDP) has a Cyclically Adjusted PB Ratio of 2.39 as of Jul. 29, 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 Bukit Darmo Property Tbk and its competitors. This is 285% above median its historical median of 0.62. Over the past decade, PT Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio has ranged from 0.36 to 2.13. According to the industry distribution chart, PT Bukit Darmo Property Tbk ranks #1218 out of 1422 companies in the Real Estate industry, placing it in the top 85.7%.
Is PT Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio too high?
PT Bukit Darmo Property Tbk's current Cyclically Adjusted PB Ratio of 2.39 is 285% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.13. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. PT Bukit Darmo Property Tbk's value of 2.39 is 246.4% above this industry median. Based on the distribution chart, PT Bukit Darmo Property Tbk ranks #1218 out of 1422 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PT Bukit Darmo Property Tbk has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Bukit Darmo Property Tbk's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PT Bukit Darmo Property Tbk ranks #1218 out of 1422 companies for Cyclically Adjusted PB Ratio. This places PT Bukit Darmo Property Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. PT Bukit Darmo Property Tbk's value of 2.39 is 246.4% above this benchmark. Historically, PT Bukit Darmo Property Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.36 to 2.13 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.69, PT Bukit Darmo Property Tbk has consistently been above 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 0.69, based on 1,422 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 Bukit Darmo Property Tbk's current Cyclically Adjusted PB Ratio of 2.39 is 246.4% above 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 Bukit Darmo Property Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bukit Darmo Property Tbk's current Cyclically Adjusted PB Ratio is 2.39, which is 285% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bukit Darmo Property Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bukit Darmo Property Tbk (ISX:BKDP) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp66.62, compared to a current price of Rp169.00 — trading 153.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.39, which is 285% above median its 10-year median of 0.62 and 246.4% above the Real Estate industry median of 0.69. PT Bukit Darmo Property Tbk's overall GF Score™ is 38/100 with 4 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 Bukit Darmo Property Tbk (ISX:BKDP), the current Cyclically Adjusted PB Ratio is 2.39 as of Jul. 29, 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 Bukit Darmo Property Tbk (ISX:BKDP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bukit Darmo Property Tbk stock appears to be overvalued. The current stock price of Rp169.00 is trading 153.7% above its estimated GF Value™ of Rp66.62. GuruFocus considers PT Bukit Darmo Property Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BKDP:

  • Cyclically Adjusted PB Ratio: 2.39 (285% above median its 10-year median of 0.62)
  • GF Value™: Rp66.62 vs. price of Rp169.00 (153.7% above fair value)
  • GF Score™: 38/100 with 4 warning signs
  • Industry Position: 246.4% above the Real Estate median (#1218 of 1422)

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


PT Bukit Darmo Property Tbk Business Description

Address Jalan Tanah Abang III No. 6, Petojo Selatan - Gambir, Jakarta, IDN, 10160
PT Bukit Darmo Property Tbk is a real estate development company. It is engaged in construction, the sale of condominiums, and land development. The company is involved in the operation of mixed-use development, which consists of The Adhiwangsa Golf Residence, Suite Hotel, and Serviced Residence, and a retail mall, namely Lenmarc Mall. It operates in the following segments, namely Real estate/ Shopping mall, Construction, and Marketing services. Geographically, all the operations function through the region of Indonesia, which is also the revenue generation region for the company. The company generates all of its revenue from Real estate/Shopping mall.
38GF Score

Get the complete analysis for ISX:BKDP

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

Rp169.00
Price
Rp66.62
GF Value