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PT Jasa Marga (Persero) Tbk (ISX:JSMR) Cyclically Adjusted PB Ratio : 1.28 (As of Jun. 02, 2025)


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What is PT Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio?

As of today (2025-06-02), PT Jasa Marga (Persero) Tbk's current share price is Rp3830.00. PT Jasa Marga (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was Rp2,985.63. PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio for today is 1.28.

The historical rank and industry rank for PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:JSMR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.23   Med: 1.82   Max: 3.32
Current: 1.28

During the past years, PT Jasa Marga (Persero) Tbk's highest Cyclically Adjusted PB Ratio was 3.32. The lowest was 1.23. And the median was 1.82.

ISX:JSMR's Cyclically Adjusted PB Ratio is ranked worse than
55.46% of 1264 companies
in the Construction industry
Industry Median: 1.095 vs ISX:JSMR: 1.28

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 Jasa Marga (Persero) Tbk's adjusted book value per share data for the three months ended in Mar. 2025 was Rp4,816.945. 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 Rp2,985.63 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Jasa Marga (Persero) 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.

* Premium members only.

PT Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio Chart

PT Jasa Marga (Persero) Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.29 1.81 1.25 1.87 1.49

PT Jasa Marga (Persero) Tbk Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.07 1.81 1.76 1.49 1.33

Competitive Comparison of PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio

For the Infrastructure Operations subindustry, PT Jasa Marga (Persero) 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 Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio falls into.


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PT Jasa Marga (Persero) 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 Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3830.00/2985.63
=1.28

* 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 Jasa Marga (Persero) Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PT Jasa Marga (Persero) Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=4816.945/131.9484*131.9484
=4,816.945

Current CPI (Mar. 2025) = 131.9484.

PT Jasa Marga (Persero) Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201506 1,392.530 99.766 1,841.729
201509 1,418.093 101.037 1,851.954
201512 1,528.553 102.133 1,974.783
201603 1,544.823 102.764 1,983.546
201606 1,610.081 103.212 2,058.356
201609 1,661.887 104.142 2,105.610
201612 1,884.730 105.222 2,363.454
201703 1,878.751 106.476 2,328.209
201706 1,998.775 107.722 2,448.306
201709 0.000 108.020 0.000
201712 2,080.177 109.017 2,517.738
201803 2,154.041 110.097 2,581.574
201806 2,149.645 111.085 2,553.387
201809 2,226.976 111.135 2,644.057
201812 2,329.679 112.430 2,734.125
201903 2,411.950 112.829 2,820.679
201906 2,433.220 114.730 2,798.387
201909 2,497.064 114.905 2,867.454
201912 2,574.127 115.486 2,941.068
202003 2,676.206 116.252 3,037.541
202006 2,594.286 116.630 2,935.029
202009 2,594.826 116.397 2,941.522
202012 2,628.111 117.318 2,955.853
202103 2,650.329 117.840 2,967.645
202106 2,743.511 118.184 3,063.039
202109 2,727.403 118.262 3,043.052
202112 2,839.104 119.516 3,134.433
202203 2,882.491 120.948 3,144.653
202206 2,897.087 123.322 3,099.729
202209 2,963.988 125.298 3,121.297
202212 3,007.163 126.098 3,146.690
202303 3,077.709 126.953 3,198.825
202306 3,090.167 127.663 3,193.900
202309 3,738.765 128.151 3,849.541
202312 3,842.923 129.395 3,918.766
202403 3,920.946 130.607 3,961.216
202406 4,142.445 130.792 4,179.083
202409 4,551.943 130.361 4,607.375
202412 4,690.499 131.432 4,708.946
202503 4,816.945 131.948 4,816.945

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.


PT Jasa Marga (Persero) Tbk  (ISX:JSMR) 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 Jasa Marga (Persero) Tbk Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PT Jasa Marga (Persero) Tbk's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Jasa Marga (Persero) Tbk Business Description

Traded in Other Exchanges
Address
Plaza Tol Taman Mini Indonesia Indah, Kantor Pusat, Jakarta, IDN, 13550
PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue.

PT Jasa Marga (Persero) Tbk Headlines

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