PT Mega Manunggal Property Tbk (ISX:MMLP) Cyclically Adjusted PB Ratio: (As of Aug. 05, 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:MMLP PT Mega Manunggal Property Tbk ISX:MMLP
59 GF Score
Price Rp298.00
GF Value Rp457.76
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Mega Manunggal Property Tbk Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Mega Manunggal Property Tbk  (ISX:MMLP) 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 Mega Manunggal Property Tbk Cyclically Adjusted PB Ratio Related Terms


PT Mega Manunggal Property Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Mega Manunggal Property 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 Mega Manunggal Property Tbk Cyclically Adjusted PB Ratio Chart

PT Mega Manunggal Property 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 0.49 0.79 0.74

PT Mega Manunggal Property 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 0.78 0.85 0.74 0.52 0.00

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

For the Real Estate Services subindustry, PT Mega Manunggal Property 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 Mega Manunggal Property Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where PT Mega Manunggal Property Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:MMLP
59GF Score
PT Mega Manunggal Property Tbk ISX:MMLP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Mega Manunggal Property 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 Mega Manunggal Property Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Mega Manunggal Property 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)
=686.851/137.6954*137.6954
=686.851

Current CPI (Jun. 2026) = 137.6954.

PT Mega Manunggal Property Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 456.276 104.142 603.281
201612 504.792 105.222 660.581
201703 505.011 106.476 653.084
201706 513.081 107.722 655.848
201709 516.168 108.020 657.968
201712 549.428 109.017 693.963
201803 553.351 110.097 692.065
201806 556.588 111.085 689.920
201809 560.664 111.135 694.661
201812 581.464 112.430 712.132
201903 586.447 112.829 715.697
201906 589.616 114.730 707.638
201909 599.463 114.905 718.364
201912 597.806 115.486 712.772
202003 601.467 116.252 712.409
202006 607.835 116.630 717.622
202009 577.907 116.397 683.655
202012 575.627 117.318 675.609
202103 579.690 117.840 677.366
202106 583.602 118.184 679.951
202109 587.928 118.262 684.541
202112 604.752 119.516 696.739
202203 608.262 120.948 692.486
202206 611.873 123.322 683.186
202209 617.745 125.298 678.865
202212 620.380 126.098 677.439
202303 632.178 126.953 685.674
202306 636.216 127.663 686.214
202309 639.312 128.151 686.924
202312 642.234 129.395 683.433
202403 646.584 130.607 681.676
202406 647.029 130.792 681.182
202409 675.087 130.361 713.069
202412 677.505 131.432 709.794
202503 680.551 131.948 710.192
202506 671.081 133.241 693.518
202509 673.409 133.819 692.916
202512 675.761 135.271 687.872
202603 682.096 136.539 687.874
202606 686.851 137.695 686.851

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 Mega Manunggal Property Tbk (ISX:MMLP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mega Manunggal Property Tbk stock appears to be undervalued. The current stock price of Rp298.00 is trading 34.9% below its estimated GF Value™ of Rp457.76. GuruFocus considers PT Mega Manunggal Property Tbk to be Possible Value Trap.

Key valuation signals for ISX:MMLP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: Rp457.76 vs. price of Rp298.00 (34.9% below fair value)
  • GF Score™: 59/100 with 5 warning signs

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


PT Mega Manunggal Property Tbk Business Description

Address Jalan Cililitan Besar No. 454, Grha Intirub, 2nd Floor, Intirub Business Park, Jakarta Timur, Jakarta, IDN, 13650
PT Mega Manunggal Property Tbk is a warehouse provider that supports industrial property needs in Indonesia by providing well-built office buildings and logistics warehouses in Indonesia. The group operates in one business segment which is warehouse and office space leasing. The company's revenue is derived from the lease of a warehouse, office space, and its supporting facilities.
59GF Score

Get the complete analysis for ISX:MMLP

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

Rp298.00
Price
Rp457.76
GF Value