PT Cowell Development Tbk (ISX:COWL) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
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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:COWL PT Cowell Development Tbk ISX:COWL
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What is PT Cowell Development Tbk Cyclically Adjusted PB Ratio?

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PT Cowell Development Tbk  (ISX:COWL) 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 Cowell Development Tbk Cyclically Adjusted PB Ratio Related Terms


PT Cowell Development Tbk Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for PT Cowell Development 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 Cowell Development Tbk Cyclically Adjusted PB Ratio Chart

PT Cowell Development Tbk Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PB Ratio
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PT Cowell Development Tbk Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Jun19 Sep19 Dec19
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PT Cowell Development Tbk Cyclically Adjusted PB Ratio Competitor Comparison

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

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

* The bar in red indicates where PT Cowell Development Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:COWL
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PT Cowell Development Tbk ISX:COWL
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PT Cowell Development 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 Cowell Development Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec19 is calculated as:

For example, PT Cowell Development Tbk's adjusted Book Value per Share data for the fiscal year that ended in Dec19 was:

Adj_Book=Book Value per Share/CPI of Dec19 (Change)*Current CPI (Dec19)
=-3.977/115.4859*115.4859
=-3.977

Current CPI (Dec19) = 115.4859.

PT Cowell Development Tbk Annual Data

Book Value per Share CPI Adj_Book
201012 172.794 78.210 255.150
201112 216.915 81.172 308.613
201212 232.760 84.658 317.518
201312 244.996 91.196 310.250
201412 276.908 98.819 323.610
201512 241.017 102.133 272.528
201612 246.343 105.222 270.373
201712 231.503 109.017 245.240
201812 188.480 112.430 193.603
201912 -3.977 115.486 -3.977

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.


PT Cowell Development Tbk Business Description

Address Jl Senen Raya Number 135, Cowell Tower 3rd floor, Central Jakarta, Jakarta, IDN, 10410
PT Cowell Development Tbk is a real estate company. It is engaged in construction and development of residential and commercial real estate. The company portfolio consists of residential properties, namely Melati Mas Residence, Serpong Park, Serpong Terrace, Laverde, and Borneo Paradiso, and multi-story buildings such as Westmark, The Oasis, and Lexington Residence. The company's segments include Real estate; Apartment and Rental space. It derives its revenues from Rental space segment.
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