PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) Cyclically Adjusted PB Ratio: 0.46 (As of Aug. 26, 2026) — 25% Below Median

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ISX:JKON PT Jaya Konstruksi Manggala Pratama Tbk ISX:JKON
71 GF Score
Price Rp86.00
GF Value Rp93.93
Valuation Fairly Valued
! 6 Warning Signs
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What is PT Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted PB Ratio?

PT Jaya Konstruksi Manggala Pratama Tbk ISX:JKON -1.15% 71 Cyclically Adjusted PB Ratio is 0.46 as of Aug. 26, 2026, which is 25% below its 10-year median of 0.61. GuruFocus rates ISX:JKON with a GF Score™ of 71/100 and a GF Value™ of Rp93.93 (Fairly Valued). The stock has 6 warning signs investors should review. Among 428 Conglomerates companies, PT Jaya Konstruksi Manggala Pratama Tbk ranks better than 75% on this metric.

As of today (2026-08-26), PT Jaya Konstruksi Manggala Pratama Tbk's current share price is Rp86.00. PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp186.71. PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio for today is 0.46.

The historical rank and industry rank for PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:JKON' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 0.61   Max: 3.16
Current: 0.47

During the past years, PT Jaya Konstruksi Manggala Pratama Tbk's highest Cyclically Adjusted PB Ratio was 3.16. The lowest was 0.35. And the median was 0.61.

ISX:JKON's Cyclically Adjusted PB Ratio is ranked better than
75% of 428 companies
in the Conglomerates industry
Industry Median: 1.01 vs ISX:JKON: 0.47

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 Jaya Konstruksi Manggala Pratama Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp205.635. 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 Rp186.71 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Jaya Konstruksi Manggala Pratama Tbk  (ISX:JKON) 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 Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted PB Ratio Related Terms


PT Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted PB Ratio Chart

PT Jaya Konstruksi Manggala Pratama 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 0.89 0.78 0.54 0.48 0.48

PT Jaya Konstruksi Manggala Pratama 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 0.42 0.49 0.48 0.39 0.35

ISX:JKON vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama Tbk Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:JKON
71GF Score
PT Jaya Konstruksi Manggala Pratama Tbk ISX:JKON
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Jaya Konstruksi Manggala Pratama 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 Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=86.00/186.71
=0.46

* 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 Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Jaya Konstruksi Manggala Pratama 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)
=205.635/137.6954*137.6954
=205.635

Current CPI (Jun. 2026) = 137.6954.

PT Jaya Konstruksi Manggala Pratama Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 119.957 104.142 158.605
201612 131.520 105.222 172.110
201703 131.331 106.476 169.838
201706 132.502 107.722 169.371
201709 131.301 108.020 167.372
201712 143.622 109.017 181.404
201803 142.607 110.097 178.356
201806 144.183 111.085 178.723
201809 143.685 111.135 178.025
201812 154.488 112.430 189.205
201903 152.993 112.829 186.712
201906 153.174 114.730 183.834
201909 153.686 114.905 184.169
201912 163.095 115.486 194.460
202003 161.250 116.252 190.993
202006 159.601 116.630 188.428
202009 157.899 116.397 186.792
202012 162.257 117.318 190.440
202103 159.449 117.840 186.316
202106 156.628 118.184 182.486
202109 156.562 118.262 182.290
202112 160.217 119.516 184.587
202203 160.187 120.948 182.367
202206 162.540 123.322 181.484
202209 167.091 125.298 183.623
202212 173.129 126.098 189.052
202303 173.243 126.953 187.903
202306 174.300 127.663 187.998
202309 175.254 128.151 188.306
202312 184.672 129.395 196.519
202403 184.948 130.607 194.986
202406 186.638 130.792 196.490
202409 185.706 130.361 196.154
202412 192.086 131.432 201.241
202503 191.919 131.948 200.278
202506 191.110 133.241 197.500
202509 190.087 133.819 195.593
202512 195.970 135.271 199.482
202603 197.653 136.539 199.327
202606 205.635 137.695 205.635

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 0.46 mean?
PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) has a Cyclically Adjusted PB Ratio of 0.46 as of Aug. 26, 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 Jaya Konstruksi Manggala Pratama Tbk and its competitors. This is 25% below median its historical median of 0.61. Over the past decade, PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio has ranged from 0.35 to 3.16. According to the industry distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #107 out of 428 companies in the Conglomerates industry, placing it in the top 25%.
Is PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio too high?
PT Jaya Konstruksi Manggala Pratama Tbk's current Cyclically Adjusted PB Ratio of 0.46 is 25% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 3.16. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. PT Jaya Konstruksi Manggala Pratama Tbk's value of 0.46 is 54.5% below this industry median. Based on the distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #107 out of 428 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, PT Jaya Konstruksi Manggala Pratama Tbk has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Jaya Konstruksi Manggala Pratama Tbk's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, PT Jaya Konstruksi Manggala Pratama Tbk ranks #107 out of 428 companies for Cyclically Adjusted PB Ratio. This places PT Jaya Konstruksi Manggala Pratama Tbk in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.01. PT Jaya Konstruksi Manggala Pratama Tbk's value of 0.46 is 54.5% below this benchmark. Historically, PT Jaya Konstruksi Manggala Pratama Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.35 to 3.16 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.01, PT Jaya Konstruksi Manggala Pratama 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 428 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 Jaya Konstruksi Manggala Pratama Tbk's current Cyclically Adjusted PB Ratio of 0.46 is 54.5% 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 Jaya Konstruksi Manggala Pratama Tbk and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jaya Konstruksi Manggala Pratama Tbk's current Cyclically Adjusted PB Ratio is 0.46, which is 25% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jaya Konstruksi Manggala Pratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) is currently considered Fairly Valued. The stock's GF Value™ is Rp93.93, compared to a current price of Rp86.00 — trading 8.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is 25% below median its 10-year median of 0.61 and 54.5% below the Conglomerates industry median of 1.01. PT Jaya Konstruksi Manggala Pratama Tbk's overall GF Score™ is 71/100 with 6 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON), the current Cyclically Adjusted PB Ratio is 0.46 as of Aug. 26, 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 Jaya Konstruksi Manggala Pratama Tbk (ISX:JKON) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jaya Konstruksi Manggala Pratama Tbk stock appears to be undervalued. The current stock price of Rp86.00 is trading 8.4% below its estimated GF Value™ of Rp93.93. GuruFocus considers PT Jaya Konstruksi Manggala Pratama Tbk to be Fairly Valued.

Key valuation signals for ISX:JKON:

  • Cyclically Adjusted PB Ratio: 0.46 (25% below median its 10-year median of 0.61)
  • GF Value™: Rp93.93 vs. price of Rp86.00 (8.4% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 54.5% below the Conglomerates median (#107 of 428)

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


PT Jaya Konstruksi Manggala Pratama Tbk Business Description

Address Jalan Bintaro Raya, Kantor Taman Bintaro Jaya Gedung B, Jakarta, IDN, 12330
PT Jaya Konstruksi Manggala Pratama Tbk is an Indonesian infrastructure development company that is engaged in the infrastructure and building construction sector, asphalt, and liquefied petroleum gas trading, precast concrete manufacturing, and specialized mechanical and electrical engineering and maintenance services. The company delivers construction, engineering, and maintenance services for hotels, malls, apartments, and office buildings in Indonesia and overseas. It manages its business in segments, namely Construction, Gas trading, Asphalt trading, Manufacturing concrete, Handling equipment, and Others. The company earns the majority of its revenue from its Asphalt trading business in Indonesia.
71GF Score

Get the complete analysis for ISX:JKON

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

Rp86.00
Price
Rp93.93
GF Value