PT Fortune Mate Indonesia Tbk (ISX:FMII) Cyclically Adjusted PB Ratio: 2.18 (As of Jul. 23, 2026) — 21% Below Median

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ISX:FMII PT Fortune Mate Indonesia Tbk ISX:FMII
65 GF Score
Price Rp250.00
GF Value Rp185.37
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is PT Fortune Mate Indonesia Tbk Cyclically Adjusted PB Ratio?

PT Fortune Mate Indonesia Tbk ISX:FMII 65 Cyclically Adjusted PB Ratio is 2.18 as of Jul. 23, 2026, which is 21% below its 10-year median of 2.75. GuruFocus rates ISX:FMII with a GF Score™ of 65/100 and a GF Value™ of Rp185.37 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,431 Real Estate companies, PT Fortune Mate Indonesia Tbk ranks worse than 85.88% on this metric.

As of today (2026-07-23), PT Fortune Mate Indonesia Tbk's current share price is Rp250.00. PT Fortune Mate Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp114.78. PT Fortune Mate Indonesia Tbk's Cyclically Adjusted PB Ratio for today is 2.18.

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

ISX:FMII' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2.75   Max: 5.27
Current: 2.14

During the past years, PT Fortune Mate Indonesia Tbk's highest Cyclically Adjusted PB Ratio was 5.27. The lowest was 1.16. And the median was 2.75.

ISX:FMII's Cyclically Adjusted PB Ratio is ranked worse than
85.88% of 1431 companies
in the Real Estate industry
Industry Median: 0.7 vs ISX:FMII: 2.14

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 Fortune Mate Indonesia Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp108.207. 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 Rp114.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Fortune Mate Indonesia Tbk  (ISX:FMII) 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 Fortune Mate Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Fortune Mate Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Fortune Mate Indonesia 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 Fortune Mate Indonesia Tbk Cyclically Adjusted PB Ratio Chart

PT Fortune Mate Indonesia 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 0.00 1.16 3.16 5.17 2.62

PT Fortune Mate Indonesia 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 2.84 3.18 3.32 2.62 1.95

PT Fortune Mate Indonesia Tbk Cyclically Adjusted PB Ratio Competitor Comparison

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

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

* The bar in red indicates where PT Fortune Mate Indonesia Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:FMII
65GF Score
PT Fortune Mate Indonesia Tbk ISX:FMII
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Fortune Mate Indonesia 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 Fortune Mate Indonesia Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=250.00/114.78
=2.18

* 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 Fortune Mate Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Fortune Mate Indonesia 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)
=108.207/136.5387*136.5387
=108.207

Current CPI (Mar. 2026) = 136.5387.

PT Fortune Mate Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 92.909 103.212 122.909
201609 94.468 104.142 123.855
201612 94.502 105.222 122.628
201703 94.604 106.476 121.315
201706 93.870 107.722 118.982
201709 94.608 108.020 119.585
201712 95.957 109.017 120.182
201803 96.670 110.097 119.888
201806 96.904 111.085 119.109
201809 97.166 111.135 119.377
201812 97.340 112.430 118.213
201903 99.058 112.829 119.874
201906 98.328 114.730 117.019
201909 103.883 114.905 123.442
201912 97.996 115.486 115.860
202003 98.038 116.252 115.146
202006 97.769 116.630 114.458
202009 98.046 116.397 115.013
202012 97.640 117.318 113.637
202103 97.241 117.840 112.671
202106 97.501 118.184 112.644
202109 99.172 118.262 114.499
202112 99.283 119.516 113.424
202203 99.186 120.948 111.971
202206 99.132 123.322 109.756
202209 100.944 125.298 110.000
202212 101.830 126.098 110.262
202303 102.880 126.953 110.648
202306 103.609 127.663 110.812
202309 104.282 128.151 111.107
202312 104.536 129.395 110.308
202403 104.930 130.607 109.696
202406 105.046 130.792 109.662
202409 104.908 130.361 109.880
202412 106.153 131.432 110.278
202503 109.255 131.948 113.056
202506 108.859 133.241 111.554
202509 108.559 133.819 110.765
202512 108.508 135.271 109.525
202603 108.207 136.539 108.207

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 2.18 mean?
PT Fortune Mate Indonesia Tbk (ISX:FMII) has a Cyclically Adjusted PB Ratio of 2.18 as of Jul. 23, 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 Fortune Mate Indonesia Tbk and its competitors. This is 21% below median its historical median of 2.75. Over the past decade, PT Fortune Mate Indonesia Tbk's Cyclically Adjusted PB Ratio has ranged from 1.16 to 5.27. According to the industry distribution chart, PT Fortune Mate Indonesia Tbk ranks #1229 out of 1431 companies in the Real Estate industry, placing it in the top 85.9%.
Is PT Fortune Mate Indonesia Tbk's Cyclically Adjusted PB Ratio too high?
PT Fortune Mate Indonesia Tbk's current Cyclically Adjusted PB Ratio of 2.18 is 21% below median its 10-year median of 2.75. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 5.27. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. PT Fortune Mate Indonesia Tbk's value of 2.18 is 211.4% above this industry median. Based on the distribution chart, PT Fortune Mate Indonesia Tbk ranks #1229 out of 1431 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PT Fortune Mate Indonesia Tbk has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Fortune Mate Indonesia Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Fortune Mate Indonesia Tbk ranks #1229 out of 1431 companies for Cyclically Adjusted PB Ratio. This places PT Fortune Mate Indonesia Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.70. PT Fortune Mate Indonesia Tbk's value of 2.18 is 211.4% above this benchmark. Historically, PT Fortune Mate Indonesia Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.16 to 5.27 over the past decade. While the company's 10-year median is 2.75 vs. the industry median of 0.70, PT Fortune Mate Indonesia 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 0.70, based on 1,431 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 Fortune Mate Indonesia Tbk's current Cyclically Adjusted PB Ratio of 2.18 is 211.4% 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 Fortune Mate Indonesia Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Fortune Mate Indonesia Tbk's current Cyclically Adjusted PB Ratio is 2.18, which is 21% below median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Fortune Mate Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Fortune Mate Indonesia Tbk (ISX:FMII) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp185.37, compared to a current price of Rp250.00 — trading 34.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.18, which is 21% below median its 10-year median of 2.75 and 211.4% above the Real Estate industry median of 0.70. PT Fortune Mate Indonesia Tbk's overall GF Score™ is 65/100 with 1 warning sign 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 Fortune Mate Indonesia Tbk (ISX:FMII), the current Cyclically Adjusted PB Ratio is 2.18 as of Jul. 23, 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 Fortune Mate Indonesia Tbk (ISX:FMII) Overvalued in 2026?

Based on GuruFocus' analysis, PT Fortune Mate Indonesia Tbk stock appears to be overvalued. The current stock price of Rp250.00 is trading 34.9% above its estimated GF Value™ of Rp185.37. GuruFocus considers PT Fortune Mate Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for ISX:FMII:

  • Cyclically Adjusted PB Ratio: 2.18 (21% below median its 10-year median of 2.75)
  • GF Value™: Rp185.37 vs. price of Rp250.00 (34.9% above fair value)
  • GF Score™: 65/100 with 1 warning sign
  • Industry Position: 211.4% above the Real Estate median (#1229 of 1431)

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


PT Fortune Mate Indonesia Tbk Business Description

Address Jalan Raya Darmo Number 54-56, Gedung Gozco Lantai 3, Surabaya, IDN, 60265
PT Fortune Mate Indonesia Tbk is an Indonesian-based real estate company. It is engaged in real estate development and construction services business. The company's projects include office and industrial, residential, and land. The Company's business segment is only one segment, namely Real Estate by building Juanda Land Housing and Fortune Bizpark Warehousing (FBIP), which are located on Tambak Sawah and Juanda, Sidoarjo Regency.
65GF Score

Get the complete analysis for ISX:FMII

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

Rp250.00
Price
Rp185.37
GF Value