PT Matahari Putra Prima Tbk (ISX:MPPA) Cyclically Adjusted PB Ratio: 0.36 (As of Aug. 04, 2026) — 33% Above Median

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ISX:MPPA PT Matahari Putra Prima Tbk ISX:MPPA
54 GF Score
Price Rp46.00
GF Value Rp52.03
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Matahari Putra Prima Tbk Cyclically Adjusted PB Ratio?

PT Matahari Putra Prima Tbk ISX:MPPA -2.13% 54 Cyclically Adjusted PB Ratio is 0.36 as of Aug. 04, 2026, which is 33% above its 10-year median of 0.27. GuruFocus rates ISX:MPPA with a GF Score™ of 54/100 and a GF Value™ of Rp52.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 806 Retail - Cyclical companies, PT Matahari Putra Prima Tbk ranks better than 86.1% on this metric.

As of today (2026-08-04), PT Matahari Putra Prima Tbk's current share price is Rp46.00. PT Matahari Putra Prima Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp126.86. PT Matahari Putra Prima Tbk's Cyclically Adjusted PB Ratio for today is 0.36.

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

ISX:MPPA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.27   Max: 2.19
Current: 0.36

During the past years, PT Matahari Putra Prima Tbk's highest Cyclically Adjusted PB Ratio was 2.19. The lowest was 0.09. And the median was 0.27.

ISX:MPPA's Cyclically Adjusted PB Ratio is ranked better than
86.1% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs ISX:MPPA: 0.36

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 Matahari Putra Prima Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp-2.882. 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 Rp126.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Matahari Putra Prima Tbk  (ISX:MPPA) 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 Matahari Putra Prima Tbk Cyclically Adjusted PB Ratio Related Terms


PT Matahari Putra Prima Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Matahari Putra Prima 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 Matahari Putra Prima Tbk Cyclically Adjusted PB Ratio Chart

PT Matahari Putra Prima 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 0.90 0.35 0.23 0.30 0.38

PT Matahari Putra Prima 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 0.27 0.50 0.38 0.35 0.35

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

For the Department Stores subindustry, PT Matahari Putra Prima 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 Matahari Putra Prima Tbk Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

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

* The bar in red indicates where PT Matahari Putra Prima Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:MPPA
54GF Score
PT Matahari Putra Prima Tbk ISX:MPPA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Matahari Putra Prima 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 Matahari Putra Prima Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.00/126.86
=0.36

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

For example, PT Matahari Putra Prima 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)
=-2.882/137.6954*137.6954
=-2.882

Current CPI (Jun. 2026) = 137.6954.

PT Matahari Putra Prima Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 447.540 104.142 591.730
201612 451.789 105.222 591.220
201703 418.929 106.476 541.762
201706 420.210 107.722 537.135
201709 376.857 108.020 480.386
201712 218.324 109.017 275.757
201803 188.608 110.097 235.888
201806 169.523 111.085 210.133
201809 217.719 111.135 269.753
201812 152.635 112.430 186.935
201903 137.667 112.829 168.008
201906 127.814 114.730 153.398
201909 117.333 114.905 140.605
201912 70.479 115.486 84.033
202003 57.170 116.252 67.715
202006 41.359 116.630 48.829
202009 26.330 116.397 31.148
202012 24.531 117.318 28.792
202103 13.414 117.840 15.674
202106 14.489 118.184 16.881
202109 3.756 118.262 4.373
202112 68.930 119.516 79.415
202203 56.053 120.948 63.814
202206 50.222 123.322 56.075
202209 35.412 125.298 38.916
202212 19.578 126.098 21.379
202303 7.784 126.953 8.443
202306 2.429 127.663 2.620
202309 21.016 128.151 22.581
202312 19.983 129.395 21.265
202403 17.664 130.607 18.623
202406 15.560 130.792 16.381
202409 12.855 130.361 13.578
202412 11.588 131.432 12.140
202503 9.868 131.948 10.298
202506 7.049 133.241 7.285
202509 4.507 133.819 4.638
202512 -0.321 135.271 -0.327
202603 -0.180 136.539 -0.182
202606 -2.882 137.695 -2.882

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 0.36 mean?
PT Matahari Putra Prima Tbk (ISX:MPPA) has a Cyclically Adjusted PB Ratio of 0.36 as of Aug. 04, 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 Matahari Putra Prima Tbk and its competitors. This is 33% above median its historical median of 0.27. Over the past decade, PT Matahari Putra Prima Tbk's Cyclically Adjusted PB Ratio has ranged from 0.09 to 2.19. According to the industry distribution chart, PT Matahari Putra Prima Tbk ranks #112 out of 806 companies in the Retail - Cyclical industry, placing it in the top 13.9%.
Is PT Matahari Putra Prima Tbk's Cyclically Adjusted PB Ratio too high?
PT Matahari Putra Prima Tbk's current Cyclically Adjusted PB Ratio of 0.36 is 33% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 2.19. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. PT Matahari Putra Prima Tbk's value of 0.36 is 71.2% below this industry median. Based on the distribution chart, PT Matahari Putra Prima Tbk ranks #112 out of 806 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PT Matahari Putra Prima Tbk has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Matahari Putra Prima Tbk's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, PT Matahari Putra Prima Tbk ranks #112 out of 806 companies for Cyclically Adjusted PB Ratio. This places PT Matahari Putra Prima Tbk in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. PT Matahari Putra Prima Tbk's value of 0.36 is 71.2% below this benchmark. Historically, PT Matahari Putra Prima Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.09 to 2.19 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.25, PT Matahari Putra Prima 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 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 Matahari Putra Prima Tbk's current Cyclically Adjusted PB Ratio of 0.36 is 71.2% 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 Matahari Putra Prima 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 Matahari Putra Prima Tbk's current Cyclically Adjusted PB Ratio is 0.36, which is 33% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Matahari Putra Prima Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Matahari Putra Prima Tbk (ISX:MPPA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp52.03, compared to a current price of Rp46.00 — trading 11.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.36, which is 33% above median its 10-year median of 0.27 and 71.2% below the Retail - Cyclical industry median of 1.25. PT Matahari Putra Prima Tbk's overall GF Score™ is 54/100 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 Matahari Putra Prima Tbk (ISX:MPPA), the current Cyclically Adjusted PB Ratio is 0.36 as of Aug. 04, 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 Matahari Putra Prima Tbk (ISX:MPPA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Matahari Putra Prima Tbk stock appears to be undervalued. The current stock price of Rp46.00 is trading 11.6% below its estimated GF Value™ of Rp52.03. GuruFocus considers PT Matahari Putra Prima Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MPPA:

  • Cyclically Adjusted PB Ratio: 0.36 (33% above median its 10-year median of 0.27)
  • GF Value™: Rp52.03 vs. price of Rp46.00 (11.6% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 71.2% below the Retail - Cyclical median (#112 of 806)

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


PT Matahari Putra Prima Tbk Business Description

Address Jalan Sultan Falatehan, Hypermart Cyberpark, Upper Ground Floor, Lippo Karawaci Utara, Banten, Tangerang, IDN, 15138
PT Matahari Putra Prima Tbk is engaged in retail business. The company focuses on fast moving consumer goods through brands like hypermart, smart club, Boston health and beauty, and FMX. These brands are engaged in providing wholesale business, fresh foods, bakery, ready to eat products, and personal care products. It mainly operates in two segments: Retail and Wholesale. The Wholesale segment accounts for majority revenue of the firm.
54GF Score

Get the complete analysis for ISX:MPPA

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

Rp46.00
Price
Rp52.03
GF Value