PT Lippo Cikarang Tbk (ISX:LPCK) Cyclically Adjusted PB Ratio: 0.12 (As of Sep. 10, 2026) — 20% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:LPCK PT Lippo Cikarang Tbk ISX:LPCK
76 GF Score
Price Rp600.00
GF Value Rp678.09
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is PT Lippo Cikarang Tbk Cyclically Adjusted PB Ratio?

PT Lippo Cikarang Tbk ISX:LPCK +0.84% 76 Cyclically Adjusted PB Ratio is 0.12 as of Sep. 10, 2026, which is 20% below its 10-year median of 0.15. GuruFocus rates ISX:LPCK with a GF Score™ of 76/100 and a GF Value™ of Rp678.09 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,302 Real Estate companies, PT Lippo Cikarang Tbk ranks better than 89.09% on this metric.

As of today (2026-09-10), PT Lippo Cikarang Tbk's current share price is Rp600.00. PT Lippo Cikarang Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp5,194.53. PT Lippo Cikarang Tbk's Cyclically Adjusted PB Ratio for today is 0.12.

The historical rank and industry rank for PT Lippo Cikarang Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:LPCK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.15   Max: 0.28
Current: 0.12

During the past years, PT Lippo Cikarang Tbk's highest Cyclically Adjusted PB Ratio was 0.28. The lowest was 0.08. And the median was 0.15.

ISX:LPCK's Cyclically Adjusted PB Ratio is ranked better than
89.09% of 1302 companies
in the Real Estate industry
Industry Median: 0.67 vs ISX:LPCK: 0.12

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 Lippo Cikarang Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp1,338.928. 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 Rp5,194.53 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Lippo Cikarang Tbk  (ISX:LPCK) 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 Lippo Cikarang Tbk Cyclically Adjusted PB Ratio Related Terms


PT Lippo Cikarang Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Lippo Cikarang 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 Lippo Cikarang Tbk Cyclically Adjusted PB Ratio Chart

PT Lippo Cikarang 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 0.22 0.17 0.14 0.09 0.11

PT Lippo Cikarang 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 0.08 0.12 0.11 0.12 0.10

PT Lippo Cikarang Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, PT Lippo Cikarang 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 Lippo Cikarang Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where PT Lippo Cikarang Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:LPCK
76GF Score
PT Lippo Cikarang Tbk ISX:LPCK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Lippo Cikarang 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 Lippo Cikarang Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=600.00/5194.53
=0.12

* 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 Lippo Cikarang Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Lippo Cikarang 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)
=1338.928/137.6954*137.6954
=1,338.928

Current CPI (Jun. 2026) = 137.6954.

PT Lippo Cikarang Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 5,579.147 104.142 7,376.658
201612 5,697.130 105.222 7,455.374
201703 5,989.223 106.476 7,745.306
201706 6,089.608 107.722 7,784.064
201709 9,685.547 108.020 12,346.328
201712 10,440.080 109.017 13,186.497
201803 10,536.691 110.097 13,178.020
201806 10,038.087 111.085 12,442.743
201809 10,042.112 111.135 12,442.155
201812 9,962.927 112.430 12,201.818
201903 9,283.453 112.829 11,329.485
201906 10,779.320 114.730 12,936.984
201909 3,922.481 114.905 4,700.487
201912 3,904.060 115.486 4,654.864
202003 3,973.277 116.252 4,706.160
202006 3,831.301 116.630 4,523.308
202009 3,915.851 116.397 4,632.392
202012 2,342.201 117.318 2,749.024
202103 2,368.729 117.840 2,767.852
202106 2,426.457 118.184 2,827.051
202109 2,405.502 118.262 2,800.793
202112 2,354.800 119.516 2,712.983
202203 2,379.564 120.948 2,709.052
202206 2,427.073 123.322 2,709.944
202209 2,444.499 125.298 2,686.357
202212 2,467.192 126.098 2,694.109
202303 2,451.551 126.953 2,659.005
202306 2,482.842 127.663 2,677.958
202309 2,498.922 128.151 2,685.028
202312 2,524.093 129.395 2,686.014
202403 2,534.678 130.607 2,672.242
202406 2,548.174 130.792 2,682.679
202409 1,939.396 130.361 2,048.512
202412 2,215.671 131.432 2,321.268
202503 2,267.358 131.948 2,366.113
202506 1,300.419 133.241 1,343.898
202509 1,310.353 133.819 1,348.311
202512 1,302.232 135.271 1,325.570
202603 1,314.787 136.539 1,325.925
202606 1,338.928 137.695 1,338.928

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 0.12 mean?
PT Lippo Cikarang Tbk (ISX:LPCK) has a Cyclically Adjusted PB Ratio of 0.12 as of Sep. 10, 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 Lippo Cikarang Tbk and its competitors. This is 20% below median its historical median of 0.15. Over the past decade, PT Lippo Cikarang Tbk's Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.28. According to the industry distribution chart, PT Lippo Cikarang Tbk ranks #142 out of 1302 companies in the Real Estate industry, placing it in the top 10.9%.
Is PT Lippo Cikarang Tbk's Cyclically Adjusted PB Ratio too high?
PT Lippo Cikarang Tbk's current Cyclically Adjusted PB Ratio of 0.12 is 20% below median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.28. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. PT Lippo Cikarang Tbk's value of 0.12 is 82.1% below this industry median. Based on the distribution chart, PT Lippo Cikarang Tbk ranks #142 out of 1302 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, PT Lippo Cikarang Tbk has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Lippo Cikarang Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Lippo Cikarang Tbk ranks #142 out of 1302 companies for Cyclically Adjusted PB Ratio. This places PT Lippo Cikarang Tbk in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.67. PT Lippo Cikarang Tbk's value of 0.12 is 82.1% below this benchmark. Historically, PT Lippo Cikarang Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.28 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.67, PT Lippo Cikarang 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,302 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 Lippo Cikarang Tbk's current Cyclically Adjusted PB Ratio of 0.12 is 82.1% 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 Lippo Cikarang Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Lippo Cikarang Tbk's current Cyclically Adjusted PB Ratio is 0.12, which is 20% below median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Lippo Cikarang Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Lippo Cikarang Tbk (ISX:LPCK) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp678.09, compared to a current price of Rp600.00 — trading 11.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.12, which is 20% below median its 10-year median of 0.15 and 82.1% below the Real Estate industry median of 0.67. PT Lippo Cikarang Tbk's overall GF Score™ is 76/100 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 Lippo Cikarang Tbk (ISX:LPCK), the current Cyclically Adjusted PB Ratio is 0.12 as of Sep. 10, 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 Lippo Cikarang Tbk (ISX:LPCK) Overvalued in 2026?

Based on GuruFocus' analysis, PT Lippo Cikarang Tbk stock appears to be undervalued. The current stock price of Rp600.00 is trading 11.5% below its estimated GF Value™ of Rp678.09. GuruFocus considers PT Lippo Cikarang Tbk to be Modestly Undervalued.

Key valuation signals for ISX:LPCK:

  • Cyclically Adjusted PB Ratio: 0.12 (20% below median its 10-year median of 0.15)
  • GF Value™: Rp678.09 vs. price of Rp600.00 (11.5% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 82.1% below the Real Estate median (#142 of 1302)

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


PT Lippo Cikarang Tbk Business Description

Address Jalan Gunung Panderman Kavling 05, Easton Commercial Centre, Lippo Cikarang, Bekasi, IDN, 17550
PT Lippo Cikarang Tbk is a real estate company. The company is engaged in the development of real estate and industrial estate, the development of infrastructure and public facilities, and providing support services. The company's segments include Residential, Industrial, Commercial, and Township management. The company generates the majority of its revenue from the real estate development activities, and a smaller amount of revenue from supporting activities. The company offers commercial areas, ranging from ready-to-build business areas to shophouses and shopping centers.
76GF Score

Get the complete analysis for ISX:LPCK

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

Rp600.00
Price
Rp678.09
GF Value