PT Elang Mahkota Teknologi Tbk (ISX:EMTK) Cyclically Adjusted PB Ratio: 1.12 (As of Aug. 14, 2026) — 52% Below Median

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ISX:EMTK PT Elang Mahkota Teknologi Tbk ISX:EMTK
64 GF Score
Price Rp500.00
GF Value Rp960.27
Valuation Significantly Undervalued
! 5 Warning Signs
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What is PT Elang Mahkota Teknologi Tbk Cyclically Adjusted PB Ratio?

PT Elang Mahkota Teknologi Tbk ISX:EMTK -1.96% 64 Cyclically Adjusted PB Ratio is 1.12 as of Aug. 14, 2026, which is 52% below its 10-year median of 2.33. GuruFocus rates ISX:EMTK with a GF Score™ of 64/100 and a GF Value™ of Rp960.27 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 696 Media - Diversified companies, PT Elang Mahkota Teknologi Tbk ranks worse than 54.89% on this metric.

As of today (2026-08-14), PT Elang Mahkota Teknologi Tbk's current share price is Rp500.00. PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp446.88. PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio for today is 1.12.

The historical rank and industry rank for PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:EMTK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 2.33   Max: 11.85
Current: 1.14

During the past years, PT Elang Mahkota Teknologi Tbk's highest Cyclically Adjusted PB Ratio was 11.85. The lowest was 0.98. And the median was 2.33.

ISX:EMTK's Cyclically Adjusted PB Ratio is ranked worse than
54.89% of 696 companies
in the Media - Diversified industry
Industry Median: 0.96 vs ISX:EMTK: 1.14

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 Elang Mahkota Teknologi Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp598.644. 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 Rp446.88 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Elang Mahkota Teknologi Tbk  (ISX:EMTK) 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 Elang Mahkota Teknologi Tbk Cyclically Adjusted PB Ratio Related Terms


PT Elang Mahkota Teknologi Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Elang Mahkota Teknologi 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 Elang Mahkota Teknologi Tbk Cyclically Adjusted PB Ratio Chart

PT Elang Mahkota Teknologi 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 9.03 3.44 1.70 1.28 2.55

PT Elang Mahkota Teknologi 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 1.20 3.04 2.55 1.75 1.09

ISX:EMTK vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, PT Elang Mahkota Teknologi 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 Elang Mahkota Teknologi Tbk Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:EMTK
64GF Score
PT Elang Mahkota Teknologi Tbk ISX:EMTK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Elang Mahkota Teknologi 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 Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=500.00/446.88
=1.12

* 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 Elang Mahkota Teknologi Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Elang Mahkota Teknologi 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)
=598.644/137.6954*137.6954
=598.644

Current CPI (Jun. 2026) = 137.6954.

PT Elang Mahkota Teknologi Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 250.623 104.142 331.370
201612 247.145 105.222 323.419
201703 248.261 106.476 321.053
201706 264.314 107.722 337.860
201709 269.629 108.020 343.701
201712 257.626 109.017 325.398
201803 252.983 110.097 316.401
201806 248.919 111.085 308.548
201809 248.774 111.135 308.230
201812 211.335 112.430 258.827
201903 208.242 112.829 254.138
201906 195.196 114.730 234.268
201909 190.912 114.905 228.779
201912 175.034 115.486 208.695
202003 172.324 116.252 204.110
202006 167.079 116.630 197.257
202009 175.989 116.397 208.192
202012 194.207 117.318 227.939
202103 337.572 117.840 394.452
202106 339.739 118.184 395.828
202109 353.539 118.262 411.635
202112 470.561 119.516 542.137
202203 549.887 120.948 626.028
202206 537.153 123.322 599.757
202209 578.431 125.298 635.661
202212 587.143 126.098 641.145
202303 580.974 126.953 630.137
202306 574.061 127.663 619.174
202309 578.105 128.151 621.159
202312 567.851 129.395 604.279
202403 571.393 130.607 602.404
202406 565.613 130.792 595.469
202409 569.601 130.361 601.648
202412 580.174 131.432 607.825
202503 646.321 131.948 674.471
202506 618.264 133.241 638.935
202509 640.137 133.819 658.680
202512 618.434 135.271 629.517
202603 602.979 136.539 608.087
202606 598.644 137.695 598.644

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 1.12 mean?
PT Elang Mahkota Teknologi Tbk (ISX:EMTK) has a Cyclically Adjusted PB Ratio of 1.12 as of Aug. 14, 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 Elang Mahkota Teknologi Tbk and its competitors. This is 52% below median its historical median of 2.33. Over the past decade, PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio has ranged from 0.98 to 11.85. According to the industry distribution chart, PT Elang Mahkota Teknologi Tbk ranks #382 out of 696 companies in the Media - Diversified industry, placing it in the top 54.9%.
Is PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio too high?
PT Elang Mahkota Teknologi Tbk's current Cyclically Adjusted PB Ratio of 1.12 is 52% below median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 11.85. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.96. PT Elang Mahkota Teknologi Tbk's value of 1.12 is 16.7% above this industry median. Based on the distribution chart, PT Elang Mahkota Teknologi Tbk ranks #382 out of 696 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, PT Elang Mahkota Teknologi Tbk has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Elang Mahkota Teknologi Tbk's Cyclically Adjusted PB Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, PT Elang Mahkota Teknologi Tbk ranks #382 out of 696 companies for Cyclically Adjusted PB Ratio. This places PT Elang Mahkota Teknologi Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.96. PT Elang Mahkota Teknologi Tbk's value of 1.12 is 16.7% above this benchmark. Historically, PT Elang Mahkota Teknologi Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 11.85 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 0.96, PT Elang Mahkota Teknologi 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.96, based on 696 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 Elang Mahkota Teknologi Tbk's current Cyclically Adjusted PB Ratio of 1.12 is 16.7% 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 Elang Mahkota Teknologi Tbk and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Elang Mahkota Teknologi Tbk's current Cyclically Adjusted PB Ratio is 1.12, which is 52% below median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Elang Mahkota Teknologi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Elang Mahkota Teknologi Tbk (ISX:EMTK) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp960.27, compared to a current price of Rp500.00 — trading 47.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.12, which is 52% below median its 10-year median of 2.33 and 16.7% above the Media - Diversified industry median of 0.96. PT Elang Mahkota Teknologi Tbk's overall GF Score™ is 64/100 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 Elang Mahkota Teknologi Tbk (ISX:EMTK), the current Cyclically Adjusted PB Ratio is 1.12 as of Aug. 14, 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 Elang Mahkota Teknologi Tbk (ISX:EMTK) Overvalued in 2026?

Based on GuruFocus' analysis, PT Elang Mahkota Teknologi Tbk stock appears to be undervalued. The current stock price of Rp500.00 is trading 47.9% below its estimated GF Value™ of Rp960.27. GuruFocus considers PT Elang Mahkota Teknologi Tbk to be Significantly Undervalued.

Key valuation signals for ISX:EMTK:

  • Cyclically Adjusted PB Ratio: 1.12 (52% below median its 10-year median of 2.33)
  • GF Value™: Rp960.27 vs. price of Rp500.00 (47.9% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 16.7% above the Media - Diversified median (#382 of 696)

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


PT Elang Mahkota Teknologi Tbk Business Description

Address Jalan Asia Afrika Lot 19, SCTV Tower, 18th Floor, Senayan City, Jakarta, IDN, 10270
PT Elang Mahkota Teknologi Tbk is an Indonesian integrated group engaged in services, trading, construction, and industry. The group is engaged in media, health, aviation support services, Digital Products and Services Segment and other business segments through its investments in several subsidiaries. The majority of the revenue is generated from media segment.
64GF Score

Get the complete analysis for ISX:EMTK

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

Rp500.00
Price
Rp960.27
GF Value