PT Citra Marga Nusaphala Persada Tbk (ISX:CMNP) Cyclically Adjusted PB Ratio: 0.67 (As of Jul. 29, 2026) — 33% Below Median

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ISX:CMNP PT Citra Marga Nusaphala Persada Tbk ISX:CMNP
81 GF Score
Price Rp1,350.00
GF Value Rp1,506.75
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is PT Citra Marga Nusaphala Persada Tbk Cyclically Adjusted PB Ratio?

PT Citra Marga Nusaphala Persada Tbk ISX:CMNP -0.37% 81 Cyclically Adjusted PB Ratio is 0.67 as of Jul. 29, 2026, which is 33% below its 10-year median of 1.00. GuruFocus rates ISX:CMNP with a GF Score™ of 81/100 and a GF Value™ of Rp1,506.75 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,357 Construction companies, PT Citra Marga Nusaphala Persada Tbk ranks better than 70.08% on this metric.

As of today (2026-07-29), PT Citra Marga Nusaphala Persada Tbk's current share price is Rp1350.00. PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp2,016.17. PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio for today is 0.67.

The historical rank and industry rank for PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:CMNP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1   Max: 2.16
Current: 0.66

During the past years, PT Citra Marga Nusaphala Persada Tbk's highest Cyclically Adjusted PB Ratio was 2.16. The lowest was 0.61. And the median was 1.00.

ISX:CMNP's Cyclically Adjusted PB Ratio is ranked better than
70.08% of 1357 companies
in the Construction industry
Industry Median: 1.16 vs ISX:CMNP: 0.66

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 Citra Marga Nusaphala Persada Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp2,260.299. 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 Rp2,016.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Citra Marga Nusaphala Persada Tbk  (ISX:CMNP) 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 Citra Marga Nusaphala Persada Tbk Cyclically Adjusted PB Ratio Related Terms


PT Citra Marga Nusaphala Persada Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Citra Marga Nusaphala Persada 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 Citra Marga Nusaphala Persada Tbk Cyclically Adjusted PB Ratio Chart

PT Citra Marga Nusaphala Persada 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 1.41 1.38 0.97 0.78 0.89

PT Citra Marga Nusaphala Persada 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 0.83 0.68 0.66 0.89 0.70

PT Citra Marga Nusaphala Persada Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Infrastructure Operations subindustry, PT Citra Marga Nusaphala Persada 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 Citra Marga Nusaphala Persada Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:CMNP
81GF Score
PT Citra Marga Nusaphala Persada Tbk ISX:CMNP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Citra Marga Nusaphala Persada 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 Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1350.00/2016.17
=0.67

* 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 Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Citra Marga Nusaphala Persada 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)
=2260.299/136.5387*136.5387
=2,260.299

Current CPI (Mar. 2026) = 136.5387.

PT Citra Marga Nusaphala Persada Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,142.438 103.212 1,511.322
201609 1,180.676 104.142 1,547.957
201612 1,201.551 105.222 1,559.164
201703 1,234.831 106.476 1,583.478
201706 1,262.222 107.722 1,599.886
201709 1,320.841 108.020 1,669.554
201712 1,386.972 109.017 1,737.119
201803 1,426.419 110.097 1,769.006
201806 1,449.176 111.085 1,781.241
201809 1,515.841 111.135 1,862.347
201812 1,574.020 112.430 1,911.544
201903 1,627.739 112.829 1,969.798
201906 1,649.742 114.730 1,963.333
201909 1,832.305 114.905 2,177.289
201912 1,761.387 115.486 2,082.484
202003 1,806.200 116.252 2,121.388
202006 1,830.082 116.630 2,142.480
202009 1,859.136 116.397 2,180.854
202012 1,647.946 117.318 1,917.934
202103 1,674.473 117.840 1,940.180
202106 1,708.325 118.184 1,973.640
202109 1,737.650 118.262 2,006.199
202112 1,770.512 119.516 2,022.685
202203 1,807.996 120.948 2,041.051
202206 1,855.779 123.322 2,054.660
202209 1,904.323 125.298 2,075.156
202212 1,919.840 126.098 2,078.804
202303 1,966.519 126.953 2,115.011
202306 2,010.724 127.663 2,150.520
202309 2,090.015 128.151 2,226.803
202312 2,108.286 129.395 2,224.686
202403 2,157.887 130.607 2,255.890
202406 2,214.205 130.792 2,311.499
202409 2,273.855 130.361 2,381.613
202412 2,175.084 131.432 2,259.604
202503 2,224.197 131.948 2,301.574
202506 2,257.600 133.241 2,313.482
202509 2,289.829 133.819 2,336.367
202512 2,208.144 135.271 2,228.836
202603 2,260.299 136.539 2,260.299

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 0.67 mean?
PT Citra Marga Nusaphala Persada Tbk (ISX:CMNP) has a Cyclically Adjusted PB Ratio of 0.67 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 Citra Marga Nusaphala Persada Tbk and its competitors. This is 33% below median its historical median of 1.00. Over the past decade, PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio has ranged from 0.61 to 2.16. According to the industry distribution chart, PT Citra Marga Nusaphala Persada Tbk ranks #406 out of 1357 companies in the Construction industry, placing it in the top 29.9%.
Is PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio too high?
PT Citra Marga Nusaphala Persada Tbk's current Cyclically Adjusted PB Ratio of 0.67 is 33% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 2.16. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. PT Citra Marga Nusaphala Persada Tbk's value of 0.67 is 42.2% below this industry median. Based on the distribution chart, PT Citra Marga Nusaphala Persada Tbk ranks #406 out of 1357 companies in the Construction industry, which is above the industry midpoint. Overall, PT Citra Marga Nusaphala Persada Tbk has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Citra Marga Nusaphala Persada Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Construction industry distribution chart, PT Citra Marga Nusaphala Persada Tbk ranks #406 out of 1357 companies for Cyclically Adjusted PB Ratio. This puts PT Citra Marga Nusaphala Persada Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. PT Citra Marga Nusaphala Persada Tbk's value of 0.67 is 42.2% below this benchmark. Historically, PT Citra Marga Nusaphala Persada Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 2.16 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.16, PT Citra Marga Nusaphala Persada 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,357 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 Citra Marga Nusaphala Persada Tbk's current Cyclically Adjusted PB Ratio of 0.67 is 42.2% 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 Citra Marga Nusaphala Persada Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Citra Marga Nusaphala Persada Tbk's current Cyclically Adjusted PB Ratio is 0.67, which is 33% below median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Citra Marga Nusaphala Persada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Citra Marga Nusaphala Persada Tbk (ISX:CMNP) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp1,506.75, compared to a current price of Rp1,350.00 — trading 10.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.67, which is 33% below median its 10-year median of 1.00 and 42.2% below the Construction industry median of 1.16. PT Citra Marga Nusaphala Persada Tbk's overall GF Score™ is 81/100 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 Citra Marga Nusaphala Persada Tbk (ISX:CMNP), the current Cyclically Adjusted PB Ratio is 0.67 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 Citra Marga Nusaphala Persada Tbk (ISX:CMNP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Citra Marga Nusaphala Persada Tbk stock appears to be undervalued. The current stock price of Rp1,350.00 is trading 10.4% below its estimated GF Value™ of Rp1,506.75. GuruFocus considers PT Citra Marga Nusaphala Persada Tbk to be Modestly Undervalued.

Key valuation signals for ISX:CMNP:

  • Cyclically Adjusted PB Ratio: 0.67 (33% below median its 10-year median of 1.00)
  • GF Value™: Rp1,506.75 vs. price of Rp1,350.00 (10.4% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 42.2% below the Construction median (#406 of 1357)

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


PT Citra Marga Nusaphala Persada Tbk Business Description

Other Exchanges J7K:Germany
Address Jalan Yos Sudarso, Kavling 28, Sunter, Jakarta, IDN, 14350
PT Citra Marga Nusaphala Persada Tbk is engaged in the operation of highways. Its activity includes planning, constructing, and operating toll roads. Also, it provides consultancy services in the field of management, investment, information technology and telecommunications, transportation, project development, construction, and operation of toll roads, property management, and real estate. The firm's segments are Jakarta Intra Urban Toll, Toll Simpang Susun Waru-juanda, Toll Soreang Pasir Koja, Toll Depok Antasari, Toll Cileunyi -Sumedang -Dawuan and others.
81GF Score

Get the complete analysis for ISX:CMNP

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

Rp1,350.00
Price
Rp1,506.75
GF Value