PT Mnc Tourism Indonesia Tbk (ISX:KPIG) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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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:KPIG PT Mnc Tourism Indonesia Tbk ISX:KPIG
71 GF Score
Price Rp77.00
GF Value Rp145.49
Valuation Possible Value Trap
! 2 Warning Signs
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What is PT Mnc Tourism Indonesia Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Mnc Tourism Indonesia Tbk  (ISX:KPIG) 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 Mnc Tourism Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Mnc Tourism Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Mnc Tourism Indonesia 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 Mnc Tourism Indonesia Tbk Cyclically Adjusted PB Ratio Chart

PT Mnc Tourism Indonesia 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 0.50 0.33 0.26 0.58 0.54

PT Mnc Tourism Indonesia 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 0.63 0.67 0.54 0.36 0.26

ISX:KPIG vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, PT Mnc Tourism Indonesia 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 Mnc Tourism Indonesia Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Mnc Tourism Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Mnc Tourism Indonesia Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:KPIG
71GF Score
PT Mnc Tourism Indonesia Tbk ISX:KPIG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Mnc Tourism Indonesia 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 Mnc Tourism Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Mnc Tourism Indonesia 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)
=275.153/137.6954*137.6954
=275.153

Current CPI (Jun. 2026) = 137.6954.

PT Mnc Tourism Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 164.021 104.142 216.866
201612 160.296 105.222 209.766
201703 154.048 106.476 199.216
201706 152.373 107.722 194.771
201709 150.880 108.020 192.329
201712 163.954 109.017 207.085
201803 164.081 110.097 205.213
201806 163.988 111.085 203.272
201809 164.818 111.135 204.209
201812 171.219 112.430 209.696
201903 171.215 112.829 208.950
201906 271.417 114.730 325.746
201909 269.187 114.905 322.579
201912 282.421 115.486 336.734
202003 281.834 116.252 333.819
202006 283.328 116.630 334.503
202009 283.724 116.397 335.641
202012 285.525 117.318 335.119
202103 284.500 117.840 332.437
202106 297.577 118.184 346.705
202109 297.267 118.262 346.116
202112 300.933 119.516 346.707
202203 302.571 120.948 344.467
202206 283.555 123.322 316.603
202209 283.371 125.298 311.408
202212 285.005 126.098 311.218
202303 288.219 126.953 312.608
202306 288.766 127.663 311.459
202309 288.064 128.151 309.517
202312 271.922 129.395 289.366
202403 272.437 130.607 287.223
202406 277.663 130.792 292.319
202409 283.491 130.361 299.441
202412 288.023 131.432 301.750
202503 288.748 131.948 301.324
202506 294.516 133.241 304.363
202509 286.618 133.819 294.921
202512 284.711 135.271 289.814
202603 288.327 136.539 290.770
202606 275.153 137.695 275.153

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 Mnc Tourism Indonesia Tbk (ISX:KPIG) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mnc Tourism Indonesia Tbk stock appears to be undervalued. The current stock price of Rp77.00 is trading 47.1% below its estimated GF Value™ of Rp145.49. GuruFocus considers PT Mnc Tourism Indonesia Tbk to be Possible Value Trap.

Key valuation signals for ISX:KPIG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp145.49 vs. price of Rp77.00 (47.1% below fair value)
  • GF Score™: 71/100 with 2 warning signs

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


PT Mnc Tourism Indonesia Tbk Business Description

Address Jalan Kebon Sirih Kav. 17-19, MNC Tower 17th Floor, MNC Center, Central Jakarta, IDN, 10340
PT Mnc Tourism Indonesia Tbk is an Indonesia-based company engaged in construction, trade, industry, and services businesses either directly or indirectly through Subsidiaries. Its segments are Hotel, resort and golf; Office space rental; Apartment and other properties; and Property Management and other services. It generates key revenue from the Hotel, Resort and Golf segment. Geographically, all the operations functioned through the region of Indonesia.
71GF Score

Get the complete analysis for ISX:KPIG

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

Rp77.00
Price
Rp145.49
GF Value