PT MDS Retailing Tbk (ISX:LPPF) Cyclically Adjusted PB Ratio: 3.14 (As of Aug. 05, 2026) — 50% Below Median

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ISX:LPPF PT MDS Retailing Tbk ISX:LPPF
77 GF Score
Price Rp1,575.00
GF Value Rp1,404.73
Valuation Modestly Overvalued
! 3 Warning Signs
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What is PT MDS Retailing Tbk Cyclically Adjusted PB Ratio?

PT MDS Retailing Tbk ISX:LPPF 77 Cyclically Adjusted PB Ratio is 3.14 as of Aug. 05, 2026, which is 50% below its 10-year median of 6.22. GuruFocus rates ISX:LPPF with a GF Score™ of 77/100 and a GF Value™ of Rp1,404.73 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 804 Retail - Cyclical companies, PT MDS Retailing Tbk ranks worse than 79.6% on this metric.

As of today (2026-08-05), PT MDS Retailing Tbk's current share price is Rp1575.00. PT MDS Retailing Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp501.67. PT MDS Retailing Tbk's Cyclically Adjusted PB Ratio for today is 3.14.

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

ISX:LPPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.98   Med: 6.22   Max: 32.7
Current: 3.1

During the past years, PT MDS Retailing Tbk's highest Cyclically Adjusted PB Ratio was 32.70. The lowest was 2.98. And the median was 6.22.

ISX:LPPF's Cyclically Adjusted PB Ratio is ranked worse than
79.6% of 804 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs ISX:LPPF: 3.10

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 MDS Retailing Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp256.771. 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 Rp501.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT MDS Retailing Tbk  (ISX:LPPF) 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 MDS Retailing Tbk Cyclically Adjusted PB Ratio Related Terms


PT MDS Retailing Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT MDS Retailing 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 MDS Retailing Tbk Cyclically Adjusted PB Ratio Chart

PT MDS Retailing 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 22.52 14.24 4.79 3.04 3.46

PT MDS Retailing 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 3.42 3.27 3.46 3.64 2.95

ISX:LPPF vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, PT MDS Retailing 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 MDS Retailing Tbk Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PT MDS Retailing Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:LPPF
77GF Score
PT MDS Retailing Tbk ISX:LPPF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT MDS Retailing 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 MDS Retailing Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1575.00/501.67
=3.14

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

For example, PT MDS Retailing 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)
=256.771/137.6954*137.6954
=256.771

Current CPI (Jun. 2026) = 137.6954.

PT MDS Retailing Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 503.628 104.142 665.889
201612 635.811 105.222 832.034
201703 719.492 106.476 930.452
201706 609.786 107.722 779.461
201709 666.968 108.020 850.195
201712 797.824 109.017 1,007.703
201803 882.384 110.097 1,103.579
201806 801.203 111.085 993.134
201809 852.928 111.135 1,056.776
201812 622.303 112.430 762.148
201903 610.306 112.829 744.815
201906 584.758 114.730 701.807
201909 598.599 114.905 717.328
201912 645.545 115.486 769.692
202003 501.040 116.252 593.458
202006 400.545 116.630 472.891
202009 302.021 116.397 357.286
202012 221.281 117.318 259.716
202103 162.797 117.840 190.228
202106 527.997 118.184 615.166
202109 403.160 118.262 469.410
202112 383.060 119.516 441.326
202203 189.646 120.948 215.906
202206 144.253 123.322 161.065
202209 183.778 125.298 201.961
202212 252.668 126.098 275.907
202303 408.096 126.953 442.630
202306 -136.401 127.663 -147.120
202309 2.998 128.151 3.221
202312 26.193 129.395 27.873
202403 310.167 130.607 327.001
202406 95.833 130.792 100.892
202409 95.668 130.361 101.051
202412 278.397 131.432 291.665
202503 859.251 131.948 896.676
202506 319.756 133.241 330.447
202509 155.263 133.819 159.761
202512 233.208 135.271 237.388
202603 861.954 136.539 869.256
202606 256.771 137.695 256.771

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 3.14 mean?
PT MDS Retailing Tbk (ISX:LPPF) has a Cyclically Adjusted PB Ratio of 3.14 as of Aug. 05, 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 MDS Retailing Tbk and its competitors. This is 50% below median its historical median of 6.22. Over the past decade, PT MDS Retailing Tbk's Cyclically Adjusted PB Ratio has ranged from 2.98 to 32.70. According to the industry distribution chart, PT MDS Retailing Tbk ranks #640 out of 804 companies in the Retail - Cyclical industry, placing it in the top 79.6%.
Is PT MDS Retailing Tbk's Cyclically Adjusted PB Ratio too high?
PT MDS Retailing Tbk's current Cyclically Adjusted PB Ratio of 3.14 is 50% below median its 10-year median of 6.22. Over the past 10 years, this metric has ranged from a low of 2.98 to a high of 32.70. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. PT MDS Retailing Tbk's value of 3.14 is 151.2% above this industry median. Based on the distribution chart, PT MDS Retailing Tbk ranks #640 out of 804 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, PT MDS Retailing Tbk has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT MDS Retailing Tbk's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, PT MDS Retailing Tbk ranks #640 out of 804 companies for Cyclically Adjusted PB Ratio. This places PT MDS Retailing Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. PT MDS Retailing Tbk's value of 3.14 is 151.2% above this benchmark. Historically, PT MDS Retailing Tbk's own Cyclically Adjusted PB Ratio has ranged from 2.98 to 32.70 over the past decade. While the company's 10-year median is 6.22 vs. the industry median of 1.25, PT MDS Retailing Tbk has consistently been above 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 804 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 MDS Retailing Tbk's current Cyclically Adjusted PB Ratio of 3.14 is 151.2% above 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 MDS Retailing Tbk and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT MDS Retailing Tbk's current Cyclically Adjusted PB Ratio is 3.14, which is 50% below median its own 10-year median of 6.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT MDS Retailing Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT MDS Retailing Tbk (ISX:LPPF) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp1,404.73, compared to a current price of Rp1,575.00 — trading 12.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.14, which is 50% below median its 10-year median of 6.22 and 151.2% above the Retail - Cyclical industry median of 1.25. PT MDS Retailing Tbk's overall GF Score™ is 77/100 with 3 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 MDS Retailing Tbk (ISX:LPPF), the current Cyclically Adjusted PB Ratio is 3.14 as of Aug. 05, 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 MDS Retailing Tbk (ISX:LPPF) Overvalued in 2026?

Based on GuruFocus' analysis, PT MDS Retailing Tbk stock appears to be overvalued. The current stock price of Rp1,575.00 is trading 12.1% above its estimated GF Value™ of Rp1,404.73. GuruFocus considers PT MDS Retailing Tbk to be Modestly Overvalued.

Key valuation signals for ISX:LPPF:

  • Cyclically Adjusted PB Ratio: 3.14 (50% below median its 10-year median of 6.22)
  • GF Value™: Rp1,404.73 vs. price of Rp1,575.00 (12.1% above fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 151.2% above the Retail - Cyclical median (#640 of 804)

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


PT MDS Retailing Tbk Business Description

Address Jalan Bulevar Palem Raya No. 7, Karawaci, Menara Matahari 12th Floor, Lippo Village, Tangerang, IDN, 15811
PT MDS Retailing Tbk is an Indonesia-based retail company that operates a national chain of department stores and online channels under the Matahari brand. Its portfolio also includes: SUKO, ZES, and MU+KU, and a portfolio of private label brands, including Nevada, COLE, Connexion, Little M, and others. These brands cover a range of apparel categories, from casual and family essentials to more fashion-forward and contemporary styles.
77GF Score

Get the complete analysis for ISX:LPPF

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

Rp1,575.00
Price
Rp1,404.73
GF Value