PT Meratus Jasa Prima Tbk (ISX:KARW) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:KARW PT Meratus Jasa Prima Tbk ISX:KARW
61 GF Score
Price Rp212.00
GF Value Rp450.95
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Meratus Jasa Prima Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Meratus Jasa Prima Tbk  (ISX:KARW) 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 Meratus Jasa Prima Tbk Cyclically Adjusted PB Ratio Related Terms


PT Meratus Jasa Prima Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk Cyclically Adjusted PB Ratio Chart

PT Meratus Jasa Prima Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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PT Meratus Jasa Prima 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 0.00 0.00 0.00 0.00 0.00

PT Meratus Jasa Prima Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Marine Shipping subindustry, PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, PT Meratus Jasa Prima Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Meratus Jasa Prima Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:KARW
61GF Score
PT Meratus Jasa Prima Tbk ISX:KARW
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Meratus Jasa Prima 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 Meratus Jasa Prima Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Meratus Jasa Prima 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)
=-981.522/137.6954*137.6954
=-981.522

Current CPI (Jun. 2026) = 137.6954.

PT Meratus Jasa Prima Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 -833.187 104.142 -1,101.626
201612 -838.210 105.222 -1,096.898
201703 0.000 106.476 0.000
201706 -805.486 107.722 -1,029.615
201709 -791.582 108.020 -1,009.043
201712 -788.211 109.017 -995.562
201803 -790.503 110.097 -988.666
201806 -804.849 111.085 -997.653
201809 -846.999 111.135 -1,049.430
201812 -825.130 112.430 -1,010.555
201903 0.000 112.829 0.000
201906 -804.163 114.730 -965.130
201909 -808.065 114.905 -968.341
201912 -811.065 115.486 -967.044
202003 -908.827 116.252 -1,076.463
202006 -841.931 116.630 -994.000
202009 -856.482 116.397 -1,013.205
202012 -818.614 117.318 -960.801
202103 -856.076 117.840 -1,000.322
202106 -857.945 118.184 -999.587
202109 -860.099 118.262 -1,001.437
202112 -841.817 119.516 -969.864
202203 -841.588 120.948 -958.119
202206 -855.285 123.322 -954.967
202209 -856.585 125.298 -941.335
202212 -891.817 126.098 -973.841
202303 -859.205 126.953 -931.912
202306 -821.273 127.663 -885.813
202309 -845.438 128.151 -908.401
202312 -854.384 129.395 -909.193
202403 -864.300 130.607 -911.208
202406 -900.813 130.792 -948.362
202409 -843.888 130.361 -891.368
202412 -880.211 131.432 -922.161
202503 -901.560 131.948 -940.827
202506 -894.269 133.241 -924.168
202509 -915.277 133.819 -941.790
202512 -919.506 135.271 -935.985
202603 -931.218 136.539 -939.107
202606 -981.522 137.695 -981.522

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.

Is PT Meratus Jasa Prima Tbk (ISX:KARW) Overvalued in 2026?

Based on GuruFocus' analysis, PT Meratus Jasa Prima Tbk stock appears to be undervalued. The current stock price of Rp212.00 is trading 53% below its estimated GF Value™ of Rp450.95. GuruFocus considers PT Meratus Jasa Prima Tbk to be Possible Value Trap.

Key valuation signals for ISX:KARW:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp450.95 vs. price of Rp212.00 (53% below fair value)
  • GF Score™: 61/100 with 5 warning signs

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


PT Meratus Jasa Prima Tbk Business Description

Address Jalan Enggano Kel. Tanjung Priok, Kec. Tanjung Priok, Jakarta Utara, Jakarta, IDN, 14310
PT Meratus Jasa Prima Tbk is engaged in transportation consulting activities. The company also engages in supporting business activities in the scope of construction of non-fishery port buildings, dredging, cold storage activities, sea port service activities, wholesale trade in sea transportation equipment, parts and supplies. Its products and services include the management and operation of stevedoring equipment at Terminals 300, 301, 302, and 303 of Tanjung Priok Port to support container handling activities. These services also cover cargodoring, lift on/lift off, and trucking, in accordance with the applicable systems and procedures at port. It operates in single segment of stevedoring services in Port of Tanjung Priok, Jakarta.
61GF Score

Get the complete analysis for ISX:KARW

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

Rp212.00
Price
Rp450.95
GF Value