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ISX:GMTD's Cyclically Adjusted PB Ratio is ranked worse than 81.85% of 1300
companies
in the Real Estate industry
Industry Median: 0.66
vs ISX:GMTD: 1.63
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 Gowa Makassar Tourism Development Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp862.441. 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 Rp786.35 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted PB Ratio Related Terms
PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted PB Ratio Historical Data
* 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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted PB Ratio Chart
PT Gowa Makassar Tourism Development Tbk Annual Data
PT Gowa Makassar Tourism Development Tbk Cyclically Adjusted PB Ratio Competitor Comparison
For the Real Estate - Development subindustry, PT Gowa Makassar Tourism 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 Gowa Makassar Tourism Development Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PB Ratio falls into.
PT Gowa Makassar Tourism 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.
* 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.
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 1.58 mean?
PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) has a Cyclically Adjusted PB Ratio of 1.58 as of Sep. 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 Gowa Makassar Tourism Development Tbk and its competitors. This is 54% below median its historical median of 3.42. Over the past decade, PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PB Ratio has ranged from 1.58 to 9.34. According to the industry distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #1064 out of 1300 companies in the Real Estate industry, placing it in the top 81.8%.
Is PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PB Ratio too high?
PT Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted PB Ratio of 1.58 is 54% below median its 10-year median of 3.42. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 9.34. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. PT Gowa Makassar Tourism Development Tbk's value of 1.58 is 139.4% above this industry median. Based on the distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #1064 out of 1300 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PT Gowa Makassar Tourism Development Tbk has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Gowa Makassar Tourism Development Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Gowa Makassar Tourism Development Tbk ranks #1064 out of 1300 companies for Cyclically Adjusted PB Ratio. This places PT Gowa Makassar Tourism Development Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. PT Gowa Makassar Tourism Development Tbk's value of 1.58 is 139.4% above this benchmark. Historically, PT Gowa Makassar Tourism Development Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.58 to 9.34 over the past decade. While the company's 10-year median is 3.42 vs. the industry median of 0.66, PT Gowa Makassar Tourism Development 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 0.66, based on 1,300 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 Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted PB Ratio of 1.58 is 139.4% 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 Gowa Makassar Tourism Development Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gowa Makassar Tourism Development Tbk's current Cyclically Adjusted PB Ratio is 1.58, which is 54% below median its own 10-year median of 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gowa Makassar Tourism Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) is currently considered Possible Value Trap. The stock's GF Value™ is Rp2,143.03, compared to a current price of Rp1,240.00 — trading 42.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.58, which is 54% below median its 10-year median of 3.42 and 139.4% above the Real Estate industry median of 0.66. PT Gowa Makassar Tourism Development Tbk's overall GF Score™ is 68/100 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD), the current Cyclically Adjusted PB Ratio is 1.58 as of Sep. 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 Gowa Makassar Tourism Development Tbk (ISX:GMTD) Overvalued in 2026?
Based on GuruFocus' analysis, PT Gowa Makassar Tourism Development Tbk stock appears to be undervalued.
The current stock price of Rp1,240.00 is trading 42.1% below its estimated GF Value™ of Rp2,143.03.
GuruFocus considers PT Gowa Makassar Tourism Development Tbk to be Possible Value Trap.
Key valuation signals for ISX:GMTD:
Cyclically Adjusted PB Ratio: 1.58 (54% below median its 10-year median of 3.42)
GF Value™: Rp2,143.03 vs. price of Rp1,240.00 (42.1% below fair value)
Industry Position: 139.4% above the Real Estate median (#1064 of 1300)
No single metric tells the full story. See the ISX:GMTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments: the Core segment, which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. The company is based in Indonesia, and the majority of its revenues are derived from the real estate business.
68GF Score
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