PT Multipolar Technology Tbk (ISX:MLPT) Cyclically Adjusted PB Ratio: 80.20 (As of Jul. 29, 2026) — 105% Above Median

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ISX:MLPT PT Multipolar Technology Tbk ISX:MLPT
79 GF Score
Price Rp1,495.00
GF Value Rp651.69
Valuation Significantly Overvalued
! 3 Warning Signs
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What is PT Multipolar Technology Tbk Cyclically Adjusted PB Ratio?

PT Multipolar Technology Tbk ISX:MLPT -6.85% 79 Cyclically Adjusted PB Ratio is 80.20 as of Jul. 29, 2026, which is 105% above its 10-year median of 39.03. GuruFocus rates ISX:MLPT with a GF Score™ of 79/100 and a GF Value™ of Rp651.69 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,583 Software companies, PT Multipolar Technology Tbk ranks worse than 99.49% on this metric.

As of today (2026-07-29), PT Multipolar Technology Tbk's current share price is Rp1495.00. PT Multipolar Technology Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp18.64. PT Multipolar Technology Tbk's Cyclically Adjusted PB Ratio for today is 80.20.

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

ISX:MLPT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.67   Med: 39.03   Max: 436.92
Current: 80.22

During the past years, PT Multipolar Technology Tbk's highest Cyclically Adjusted PB Ratio was 436.92. The lowest was 2.67. And the median was 39.03.

ISX:MLPT's Cyclically Adjusted PB Ratio is ranked worse than
99.49% of 1583 companies
in the Software industry
Industry Median: 2.25 vs ISX:MLPT: 80.22

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 Multipolar Technology Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp16.725. 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 Rp18.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Multipolar Technology Tbk  (ISX:MLPT) 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 Multipolar Technology Tbk Cyclically Adjusted PB Ratio Related Terms


PT Multipolar Technology Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Multipolar Technology 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 Multipolar Technology Tbk Cyclically Adjusted PB Ratio Chart

PT Multipolar Technology 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 0.00 0.00 3.49 41.01 135.05

PT Multipolar Technology Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 89.82 77.86 321.16 135.05 32.25

ISX:MLPT vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, PT Multipolar Technology 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 Multipolar Technology Tbk Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, PT Multipolar Technology Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:MLPT
79GF Score
PT Multipolar Technology Tbk ISX:MLPT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Multipolar Technology 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 Multipolar Technology Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1495.00/18.64
=80.20

* 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 Multipolar Technology Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Multipolar Technology Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16.725/136.5387*136.5387
=16.725

Current CPI (Mar. 2026) = 136.5387.

PT Multipolar Technology Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.815 103.212 19.599
201609 15.032 104.142 19.708
201612 15.834 105.222 20.547
201703 0.000 106.476 0.000
201706 0.000 107.722 0.000
201709 16.050 108.020 20.287
201712 16.902 109.017 21.169
201803 17.293 110.097 21.446
201806 16.357 111.085 20.105
201809 16.821 111.135 20.666
201812 17.945 112.430 21.793
201903 18.386 112.829 22.250
201906 17.391 114.730 20.697
201909 18.389 114.905 21.851
201912 19.168 115.486 22.662
202003 19.798 116.252 23.253
202006 15.326 116.630 17.942
202009 16.213 116.397 19.019
202012 17.361 117.318 20.205
202103 17.966 117.840 20.817
202106 14.585 118.184 16.850
202109 16.510 118.262 19.062
202112 18.228 119.516 20.824
202203 16.078 120.948 18.150
202206 18.443 123.322 20.420
202209 13.234 125.298 14.421
202212 17.644 126.098 19.105
202303 18.435 126.953 19.827
202306 12.113 127.663 12.955
202309 13.545 128.151 14.431
202312 15.282 129.395 16.126
202403 16.602 130.607 17.356
202406 16.003 130.792 16.706
202409 12.867 130.361 13.477
202412 14.464 131.432 15.026
202503 15.792 131.948 16.341
202506 13.271 133.241 13.599
202509 16.153 133.819 16.481
202512 16.154 135.271 16.305
202603 16.725 136.539 16.725

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 80.20 mean?
PT Multipolar Technology Tbk (ISX:MLPT) has a Cyclically Adjusted PB Ratio of 80.20 as of Jul. 29, 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 Multipolar Technology Tbk and its competitors. This is 105% above median its historical median of 39.03. Over the past decade, PT Multipolar Technology Tbk's Cyclically Adjusted PB Ratio has ranged from 2.67 to 436.92. According to the industry distribution chart, PT Multipolar Technology Tbk ranks #1575 out of 1583 companies in the Software industry, placing it in the top 99.5%.
Is PT Multipolar Technology Tbk's Cyclically Adjusted PB Ratio too high?
PT Multipolar Technology Tbk's current Cyclically Adjusted PB Ratio of 80.20 is 105% above median its 10-year median of 39.03. Over the past 10 years, this metric has ranged from a low of 2.67 to a high of 436.92. The Software industry median Cyclically Adjusted PB Ratio is 2.25. PT Multipolar Technology Tbk's value of 80.20 is 3464.4% above this industry median. Based on the distribution chart, PT Multipolar Technology Tbk ranks #1575 out of 1583 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, PT Multipolar Technology Tbk has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Multipolar Technology Tbk's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, PT Multipolar Technology Tbk ranks #1575 out of 1583 companies for Cyclically Adjusted PB Ratio. This places PT Multipolar Technology Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. PT Multipolar Technology Tbk's value of 80.20 is 3464.4% above this benchmark. Historically, PT Multipolar Technology Tbk's own Cyclically Adjusted PB Ratio has ranged from 2.67 to 436.92 over the past decade. While the company's 10-year median is 39.03 vs. the industry median of 2.25, PT Multipolar Technology 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.25, based on 1,583 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 Multipolar Technology Tbk's current Cyclically Adjusted PB Ratio of 80.20 is 3464.4% 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 Multipolar Technology Tbk and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multipolar Technology Tbk's current Cyclically Adjusted PB Ratio is 80.20, which is 105% above median its own 10-year median of 39.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multipolar Technology Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Multipolar Technology Tbk (ISX:MLPT) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp651.69, compared to a current price of Rp1,495.00 — trading 129.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 80.20, which is 105% above median its 10-year median of 39.03 and 3464.4% above the Software industry median of 2.25. PT Multipolar Technology Tbk's overall GF Score™ is 79/100 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 Multipolar Technology Tbk (ISX:MLPT), the current Cyclically Adjusted PB Ratio is 80.20 as of Jul. 29, 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 Multipolar Technology Tbk (ISX:MLPT) Overvalued in 2026?

Based on GuruFocus' analysis, PT Multipolar Technology Tbk stock appears to be overvalued. The current stock price of Rp1,495.00 is trading 129.4% above its estimated GF Value™ of Rp651.69. GuruFocus considers PT Multipolar Technology Tbk to be Significantly Overvalued.

Key valuation signals for ISX:MLPT:

  • Cyclically Adjusted PB Ratio: 80.20 (105% above median its 10-year median of 39.03)
  • GF Value™: Rp651.69 vs. price of Rp1,495.00 (129.4% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 3464.4% above the Software median (#1575 of 1583)

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


PT Multipolar Technology Tbk Business Description

Address Jalan Mega Kuningan Barat III, Lot 10. 1-6, Sopo Del Office Tower & Lifestyle, Tower B, 18th Floor, Kawasan Mega Kuningan, Jakarta, IDN, 12950
PT Multipolar Technology Tbk is an Indonesian-based company engaged in consultation, integration, and information technology management. Its business activities include Strategy & Planning, Customer Experience Platforms & Services, Digital Insights, Business Solution Platforms & Services, Hybrid Integration Platforms & Services, Hybrid Infrastructure Platforms & Services, and Security Platforms & Services. The revenue is generated from Technology Services, followed by Hardware & Supporting Devices, IT Outsourcing, Software, and Others.
79GF Score

Get the complete analysis for ISX:MLPT

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

Rp1,495.00
Price
Rp651.69
GF Value