PT Gema Graharana Tbk (ISX:GEMA) Cyclically Adjusted PB Ratio: 0.32 (As of Sep. 16, 2026) — 66% Below Median

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ISX:GEMA PT Gema Graha Sarana Tbk ISX:GEMA
58 GF Score
Price Rp91.00
GF Value Rp173.54
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Gema Graharana Tbk Cyclically Adjusted PB Ratio?

PT Gema Graharana Tbk ISX:GEMA -1.09% 58 Cyclically Adjusted PB Ratio is 0.32 as of Sep. 16, 2026, which is 66% below its 10-year median of 0.95. GuruFocus rates ISX:GEMA with a GF Score™ of 58/100 and a GF Value™ of Rp173.54 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 307 Furnishings, Fixtures & Appliances companies, PT Gema Graharana Tbk ranks better than 85.67% on this metric.

As of today (2026-09-16), PT Gema Graharana Tbk's current share price is Rp91.00. PT Gema Graharana Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp287.33. PT Gema Graharana Tbk's Cyclically Adjusted PB Ratio for today is 0.32.

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

ISX:GEMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.95   Max: 1.54
Current: 0.32

During the past years, PT Gema Graharana Tbk's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.26. And the median was 0.95.

ISX:GEMA's Cyclically Adjusted PB Ratio is ranked better than
85.67% of 307 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.13 vs ISX:GEMA: 0.32

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 Gema Graharana Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp266.221. 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 Rp287.33 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Gema Graharana Tbk  (ISX:GEMA) 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 Gema Graharana Tbk Cyclically Adjusted PB Ratio Related Terms


PT Gema Graharana Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Gema Graharana 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 Gema Graharana Tbk Cyclically Adjusted PB Ratio Chart

PT Gema Graharana 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 1.69 1.29 1.12 0.61 0.34

PT Gema Graharana 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 0.36 0.44 0.35 0.30 0.26

ISX:GEMA vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, PT Gema Graharana 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 Gema Graharana Tbk Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PT Gema Graharana Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:GEMA
58GF Score
PT Gema Graha Sarana Tbk ISX:GEMA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Gema Graharana 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 Gema Graharana Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=91.00/287.326
=0.32

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

For example, PT Gema Graharana 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)
=266.221/137.6954*137.6954
=266.221

Current CPI (Jun. 2026) = 137.6954.

PT Gema Graharana Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 232.622 104.142 307.569
201612 247.164 105.222 323.444
201703 251.760 106.476 325.578
201706 244.635 107.722 312.706
201709 247.620 108.020 315.645
201712 253.699 109.017 320.438
201803 259.637 110.097 324.723
201806 256.814 111.085 318.335
201809 261.444 111.135 323.929
201812 266.277 112.430 326.115
201903 251.346 112.829 306.742
201906 247.333 114.730 296.841
201909 253.381 114.905 303.638
201912 255.169 115.486 304.241
202003 257.373 116.252 304.846
202006 238.329 116.630 281.376
202009 235.304 116.397 278.361
202012 231.777 117.318 272.035
202103 233.428 117.840 272.760
202106 235.216 118.184 274.049
202109 235.122 118.262 273.759
202112 244.049 119.516 281.171
202203 246.219 120.948 280.312
202206 229.717 123.322 256.490
202209 227.491 125.298 249.999
202212 244.779 126.098 267.292
202303 245.881 126.953 266.688
202306 247.302 127.663 266.736
202309 247.625 128.151 266.067
202312 250.775 129.395 266.862
202403 251.510 130.607 265.160
202406 252.029 130.792 265.332
202409 247.133 130.361 261.037
202412 266.123 131.432 278.806
202503 267.466 131.948 279.115
202506 274.139 133.241 283.305
202509 265.320 133.819 273.006
202512 275.032 135.271 279.961
202603 270.080 136.539 272.368
202606 266.221 137.695 266.221

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 0.32 mean?
PT Gema Graharana Tbk (ISX:GEMA) has a Cyclically Adjusted PB Ratio of 0.32 as of Sep. 16, 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 Gema Graharana Tbk and its competitors. This is 66% below median its historical median of 0.95. Over the past decade, PT Gema Graharana Tbk's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.54. According to the industry distribution chart, PT Gema Graharana Tbk ranks #44 out of 307 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 14.3%.
Is PT Gema Graharana Tbk's Cyclically Adjusted PB Ratio too high?
PT Gema Graharana Tbk's current Cyclically Adjusted PB Ratio of 0.32 is 66% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.54. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.13. PT Gema Graharana Tbk's value of 0.32 is 71.7% below this industry median. Based on the distribution chart, PT Gema Graharana Tbk ranks #44 out of 307 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, PT Gema Graharana Tbk has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Gema Graharana Tbk's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, PT Gema Graharana Tbk ranks #44 out of 307 companies for Cyclically Adjusted PB Ratio. This places PT Gema Graharana Tbk in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.13. PT Gema Graharana Tbk's value of 0.32 is 71.7% below this benchmark. Historically, PT Gema Graharana Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.54 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 1.13, PT Gema Graharana 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.13, based on 307 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 Gema Graharana Tbk's current Cyclically Adjusted PB Ratio of 0.32 is 71.7% 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 Gema Graharana Tbk and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gema Graharana Tbk's current Cyclically Adjusted PB Ratio is 0.32, which is 66% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gema Graharana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gema Graharana Tbk (ISX:GEMA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp173.54, compared to a current price of Rp91.00 — trading 47.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 66% below median its 10-year median of 0.95 and 71.7% below the Furnishings, Fixtures & Appliances industry median of 1.13. PT Gema Graharana Tbk's overall GF Score™ is 58/100 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 Gema Graharana Tbk (ISX:GEMA), the current Cyclically Adjusted PB Ratio is 0.32 as of Sep. 16, 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 Gema Graharana Tbk (ISX:GEMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Gema Graharana Tbk stock appears to be undervalued. The current stock price of Rp91.00 is trading 47.6% below its estimated GF Value™ of Rp173.54. GuruFocus considers PT Gema Graharana Tbk to be Possible Value Trap.

Key valuation signals for ISX:GEMA:

  • Cyclically Adjusted PB Ratio: 0.32 (66% below median its 10-year median of 0.95)
  • GF Value™: Rp173.54 vs. price of Rp91.00 (47.6% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 71.7% below the Furnishings, Fixtures & Appliances median (#44 of 307)

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


PT Gema Graharana Tbk Business Description

Address Jalan Boulevard Gading Serpong, SOUTH78, 9th-11th Floor, Block O No. 7 & 8 Gading Serpong, Banten, Tangerang, IDN, 15334
PT Gema Graha Sarana Tbk operates as a manufacturer of furniture and interior design services in Indonesia. Its operating segments include Interior, Furniture, Mechanical and Electrical; and Distribution and Trading. The company generates the majority of its revenue from the Interior, Furniture, Mechanical and Electrical segment.
58GF Score

Get the complete analysis for ISX:GEMA

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

Rp91.00
Price
Rp173.54
GF Value