PT Erajaya Swasembada Tbk (ISX:ERAA) Cyclically Adjusted PB Ratio: 1.07 (As of Aug. 15, 2026) — 19% Below Median

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ISX:ERAA PT Erajaya Swasembada Tbk ISX:ERAA
98 GF Score
Price Rp458.00
GF Value Rp536.53
Valuation Modestly Undervalued
! 5 Warning Signs
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What is PT Erajaya Swasembada Tbk Cyclically Adjusted PB Ratio?

PT Erajaya Swasembada Tbk ISX:ERAA +0.44% 98 Cyclically Adjusted PB Ratio is 1.07 as of Aug. 15, 2026, which is 19% below its 10-year median of 1.32. GuruFocus rates ISX:ERAA with a GF Score™ of 98/100 and a GF Value™ of Rp536.53 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 794 Retail - Cyclical companies, PT Erajaya Swasembada Tbk ranks better than 53.78% on this metric.

As of today (2026-08-15), PT Erajaya Swasembada Tbk's current share price is Rp458.00. PT Erajaya Swasembada Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp429.35. PT Erajaya Swasembada Tbk's Cyclically Adjusted PB Ratio for today is 1.07.

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

ISX:ERAA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.32   Max: 2.53
Current: 1.08

During the past years, PT Erajaya Swasembada Tbk's highest Cyclically Adjusted PB Ratio was 2.53. The lowest was 0.79. And the median was 1.32.

ISX:ERAA's Cyclically Adjusted PB Ratio is ranked better than
53.78% of 794 companies
in the Retail - Cyclical industry
Industry Median: 1.205 vs ISX:ERAA: 1.08

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 Erajaya Swasembada Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp606.047. 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 Rp429.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Erajaya Swasembada Tbk  (ISX:ERAA) 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 Erajaya Swasembada Tbk Cyclically Adjusted PB Ratio Related Terms


PT Erajaya Swasembada Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Erajaya Swasembada 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 Erajaya Swasembada Tbk Cyclically Adjusted PB Ratio Chart

PT Erajaya Swasembada 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 2.09 1.25 1.25 1.10 1.00

PT Erajaya Swasembada 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 1.37 1.09 1.00 0.90 0.82

ISX:ERAA vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, PT Erajaya Swasembada 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 Erajaya Swasembada Tbk Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT Erajaya Swasembada Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:ERAA
98GF Score
PT Erajaya Swasembada Tbk ISX:ERAA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Erajaya Swasembada 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 Erajaya Swasembada Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=458.00/429.35
=1.07

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

For example, PT Erajaya Swasembada 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)
=606.047/137.6954*137.6954
=606.047

Current CPI (Jun. 2026) = 137.6954.

PT Erajaya Swasembada Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 225.529 104.142 298.191
201612 230.933 105.222 302.203
201703 235.381 106.476 304.396
201706 240.517 107.722 307.442
201709 242.348 108.020 308.925
201712 250.159 109.017 315.967
201803 264.370 110.097 330.642
201806 266.874 111.085 330.805
201809 279.363 111.135 346.130
201812 294.219 112.430 360.337
201903 326.712 112.829 398.718
201906 291.016 114.730 349.268
201909 294.548 114.905 352.970
201912 302.307 115.486 360.445
202003 310.370 116.252 367.619
202006 309.792 116.630 365.746
202009 321.868 116.397 380.765
202012 340.209 117.318 399.301
202103 354.509 117.840 414.243
202106 358.309 118.184 417.464
202109 368.164 118.262 428.664
202112 386.134 119.516 444.868
202203 405.003 120.948 461.082
202206 395.125 123.322 441.176
202209 404.491 125.298 444.511
202212 427.180 126.098 466.469
202303 440.807 126.953 478.109
202306 433.897 127.663 467.995
202309 437.220 128.151 469.782
202312 463.991 129.395 493.756
202403 480.916 130.607 507.017
202406 481.837 130.792 507.271
202409 500.402 130.361 528.556
202412 515.365 131.432 539.927
202503 530.033 131.948 553.119
202506 534.918 133.241 552.803
202509 550.188 133.819 566.126
202512 579.189 135.271 589.569
202603 610.409 136.539 615.580
202606 606.047 137.695 606.047

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 1.07 mean?
PT Erajaya Swasembada Tbk (ISX:ERAA) has a Cyclically Adjusted PB Ratio of 1.07 as of Aug. 15, 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 Erajaya Swasembada Tbk and its competitors. This is 19% below median its historical median of 1.32. Over the past decade, PT Erajaya Swasembada Tbk's Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.53. According to the industry distribution chart, PT Erajaya Swasembada Tbk ranks #367 out of 794 companies in the Retail - Cyclical industry, placing it in the top 46.2%.
Is PT Erajaya Swasembada Tbk's Cyclically Adjusted PB Ratio too high?
PT Erajaya Swasembada Tbk's current Cyclically Adjusted PB Ratio of 1.07 is 19% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.53. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. PT Erajaya Swasembada Tbk's value of 1.07 is 11.2% below this industry median. Based on the distribution chart, PT Erajaya Swasembada Tbk ranks #367 out of 794 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, PT Erajaya Swasembada Tbk has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Erajaya Swasembada Tbk's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, PT Erajaya Swasembada Tbk ranks #367 out of 794 companies for Cyclically Adjusted PB Ratio. This puts PT Erajaya Swasembada Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. PT Erajaya Swasembada Tbk's value of 1.07 is 11.2% below this benchmark. Historically, PT Erajaya Swasembada Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.53 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.21, PT Erajaya Swasembada 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 794 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 Erajaya Swasembada Tbk's current Cyclically Adjusted PB Ratio of 1.07 is 11.2% 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 Erajaya Swasembada Tbk and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Erajaya Swasembada Tbk's current Cyclically Adjusted PB Ratio is 1.07, which is 19% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Erajaya Swasembada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Erajaya Swasembada Tbk (ISX:ERAA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp536.53, compared to a current price of Rp458.00 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is 19% below median its 10-year median of 1.32 and 11.2% below the Retail - Cyclical industry median of 1.21. PT Erajaya Swasembada Tbk's overall GF Score™ is 98/100 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 Erajaya Swasembada Tbk (ISX:ERAA), the current Cyclically Adjusted PB Ratio is 1.07 as of Aug. 15, 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 Erajaya Swasembada Tbk (ISX:ERAA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Erajaya Swasembada Tbk stock appears to be undervalued. The current stock price of Rp458.00 is trading 14.6% below its estimated GF Value™ of Rp536.53. GuruFocus considers PT Erajaya Swasembada Tbk to be Modestly Undervalued.

Key valuation signals for ISX:ERAA:

  • Cyclically Adjusted PB Ratio: 1.07 (19% below median its 10-year median of 1.32)
  • GF Value™: Rp536.53 vs. price of Rp458.00 (14.6% below fair value)
  • GF Score™: 98/100 with 5 warning signs
  • Industry Position: 11.2% below the Retail - Cyclical median (#367 of 794)

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


PT Erajaya Swasembada Tbk Business Description

Address Jl. Bandengan Selatan No.19-20, Pekojan - Tambora, Jakarta Barat, IDN, 11240
PT Erajaya Swasembada Tbk its activities comprises, among others, large trading, activities and services; and industry. The main activities includes distribution and trading of telecommunication equipment such as cellular phones, Subscriber Identity Module Card (SIM), vouchers for cell phone, computer and other electronic devices, property business, providing information technology system, managing service and customer relationship, trading of medical equipment, trading of pharmacy products, trading of cosmetics, food and beverage and restaurant. Its segments are Cellular phones and tablet, Operator products, Computer & other electronic devices, Accessories and others of which majority of revenue comes from Cellular phones and tablets. Geographically majority of sales is from Central area.
98GF Score

Get the complete analysis for ISX:ERAA

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

Rp458.00
Price
Rp536.53
GF Value