PT Mega Manunggal Property Tbk (ISX:MMLP) Cyclically Adjusted PB Ratio: 0.44 (As of Jul. 22, 2026) — 38% Below Median

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ISX:MMLP PT Mega Manunggal Property Tbk ISX:MMLP
63 GF Score
Price Rp300.00
GF Value Rp457.39
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT Mega Manunggal Property Tbk Cyclically Adjusted PB Ratio?

PT Mega Manunggal Property Tbk ISX:MMLP -1.96% 63 Cyclically Adjusted PB Ratio is 0.44 as of Jul. 22, 2026, which is 38% below its 10-year median of 0.71. GuruFocus rates ISX:MMLP with a GF Score™ of 63/100 and a GF Value™ of Rp457.39 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,440 Real Estate companies, PT Mega Manunggal Property Tbk ranks better than 65% on this metric.

As of today (2026-07-22), PT Mega Manunggal Property Tbk's current share price is Rp300.00. PT Mega Manunggal Property Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp680.03. PT Mega Manunggal Property Tbk's Cyclically Adjusted PB Ratio for today is 0.44.

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

ISX:MMLP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.71   Max: 0.88
Current: 0.45

During the past years, PT Mega Manunggal Property Tbk's highest Cyclically Adjusted PB Ratio was 0.88. The lowest was 0.41. And the median was 0.71.

ISX:MMLP's Cyclically Adjusted PB Ratio is ranked better than
65% of 1440 companies
in the Real Estate industry
Industry Median: 0.7 vs ISX:MMLP: 0.45

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 Mega Manunggal Property Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp682.096. 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 Rp680.03 for the trailing ten years ended in Mar. 2026.

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
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 0.88 0.78 0.85 0.74 0.52

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
63GF Score
PT Mega Manunggal Property Tbk ISX:MMLP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=300.00/680.03
=0.44

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

For example, PT Mega Manunggal Property 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)
=682.096/136.5387*136.5387
=682.096

Current CPI (Mar. 2026) = 136.5387.

PT Mega Manunggal Property Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 452.325 103.212 598.377
201609 456.276 104.142 598.213
201612 504.792 105.222 655.031
201703 505.011 106.476 647.598
201706 513.081 107.722 650.338
201709 516.168 108.020 652.441
201712 549.428 109.017 688.134
201803 553.351 110.097 686.251
201806 556.588 111.085 684.125
201809 560.664 111.135 688.826
201812 581.464 112.430 706.150
201903 586.447 112.829 709.685
201906 589.616 114.730 701.693
201909 599.463 114.905 712.329
201912 597.806 115.486 706.785
202003 601.467 116.252 706.425
202006 607.835 116.630 711.593
202009 577.907 116.397 677.912
202012 575.627 117.318 669.934
202103 579.690 117.840 671.676
202106 583.602 118.184 674.240
202109 587.928 118.262 678.791
202112 604.752 119.516 690.886
202203 608.262 120.948 686.668
202206 611.873 123.322 677.447
202209 617.745 125.298 673.162
202212 620.380 126.098 671.748
202303 632.178 126.953 679.914
202306 636.216 127.663 680.449
202309 639.312 128.151 681.154
202312 642.234 129.395 677.692
202403 646.584 130.607 675.950
202406 647.029 130.792 675.460
202409 675.087 130.361 707.079
202412 677.505 131.432 703.832
202503 680.551 131.948 704.226
202506 671.081 133.241 687.692
202509 673.409 133.819 687.095
202512 675.761 135.271 682.093
202603 682.096 136.539 682.096

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 0.44 mean?
PT Mega Manunggal Property Tbk (ISX:MMLP) has a Cyclically Adjusted PB Ratio of 0.44 as of Jul. 22, 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 Mega Manunggal Property Tbk and its competitors. This is 38% below median its historical median of 0.71. Over the past decade, PT Mega Manunggal Property Tbk's Cyclically Adjusted PB Ratio has ranged from 0.41 to 0.88. According to the industry distribution chart, PT Mega Manunggal Property Tbk ranks #504 out of 1440 companies in the Real Estate industry, placing it in the top 35%.
Is PT Mega Manunggal Property Tbk's Cyclically Adjusted PB Ratio too high?
PT Mega Manunggal Property Tbk's current Cyclically Adjusted PB Ratio of 0.44 is 38% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.88. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. PT Mega Manunggal Property Tbk's value of 0.44 is 37.1% below this industry median. Based on the distribution chart, PT Mega Manunggal Property Tbk ranks #504 out of 1440 companies in the Real Estate industry, which is above the industry midpoint. Overall, PT Mega Manunggal Property Tbk has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Mega Manunggal Property Tbk's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PT Mega Manunggal Property Tbk ranks #504 out of 1440 companies for Cyclically Adjusted PB Ratio. This puts PT Mega Manunggal Property Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.70. PT Mega Manunggal Property Tbk's value of 0.44 is 37.1% below this benchmark. Historically, PT Mega Manunggal Property Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.41 to 0.88 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.70, PT Mega Manunggal Property 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 0.70, based on 1,440 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 Mega Manunggal Property Tbk's current Cyclically Adjusted PB Ratio of 0.44 is 37.1% 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 Mega Manunggal Property Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mega Manunggal Property Tbk's current Cyclically Adjusted PB Ratio is 0.44, which is 38% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mega Manunggal Property Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mega Manunggal Property Tbk (ISX:MMLP) is currently considered Possible Value Trap. The stock's GF Value™ is Rp457.39, compared to a current price of Rp300.00 — trading 34.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.44, which is 38% below median its 10-year median of 0.71 and 37.1% below the Real Estate industry median of 0.70. PT Mega Manunggal Property Tbk's overall GF Score™ is 63/100 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 Mega Manunggal Property Tbk (ISX:MMLP), the current Cyclically Adjusted PB Ratio is 0.44 as of Jul. 22, 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 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 Rp300.00 is trading 34.4% below its estimated GF Value™ of Rp457.39. GuruFocus considers PT Mega Manunggal Property Tbk to be Possible Value Trap.

Key valuation signals for ISX:MMLP:

  • Cyclically Adjusted PB Ratio: 0.44 (38% below median its 10-year median of 0.71)
  • GF Value™: Rp457.39 vs. price of Rp300.00 (34.4% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 37.1% below the Real Estate median (#504 of 1440)

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.
63GF 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.

Rp300.00
Price
Rp457.39
GF Value