PT Matahari Putra Prima Tbk (ISX:MPPA) Cyclically Adjusted PB Ratio: 0.32 (As of Jul. 16, 2026) — 19% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:MPPA PT Matahari Putra Prima Tbk ISX:MPPA
51 GF Score
Price Rp46.00
GF Value Rp50.33
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is PT Matahari Putra Prima Tbk Cyclically Adjusted PB Ratio?

PT Matahari Putra Prima Tbk ISX:MPPA -2.08% 51 Cyclically Adjusted PB Ratio is 0.32 as of Jul. 16, 2026, which is 19% above its 10-year median of 0.27. GuruFocus rates ISX:MPPA with a GF Score™ of 51/100 and a GF Value™ of Rp50.33 (Fairly Valued). The stock has 3 warning signs investors should review. Among 810 Retail - Cyclical companies, PT Matahari Putra Prima Tbk ranks better than 85.93% on this metric.

As of today (2026-07-16), 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 Mar. 2026 was Rp141.94. PT Matahari Putra Prima Tbk's Cyclically Adjusted PB Ratio for today is 0.32.

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: 0.34

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
85.93% of 810 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs ISX:MPPA: 0.34

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 Mar. 2026 was Rp-0.180. 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 Rp141.94 for the trailing ten years ended in Mar. 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
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 0.25 0.27 0.50 0.38 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
51GF Score
PT Matahari Putra Prima Tbk ISX:MPPA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=46.00/141.94
=0.32

* 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 Mar. 2026 is calculated as:

For example, PT Matahari Putra Prima 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)
=-0.18/136.5387*136.5387
=-0.180

Current CPI (Mar. 2026) = 136.5387.

PT Matahari Putra Prima Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 486.243 103.212 643.247
201609 447.540 104.142 586.759
201612 451.789 105.222 586.253
201703 418.929 106.476 537.211
201706 420.210 107.722 532.623
201709 376.857 108.020 476.350
201712 218.324 109.017 273.441
201803 188.608 110.097 233.907
201806 169.523 111.085 208.368
201809 217.719 111.135 267.487
201812 152.635 112.430 185.365
201903 137.667 112.829 166.597
201906 127.814 114.730 152.110
201909 117.333 114.905 139.424
201912 70.479 115.486 83.327
202003 57.170 116.252 67.146
202006 41.359 116.630 48.419
202009 26.330 116.397 30.886
202012 24.531 117.318 28.550
202103 13.414 117.840 15.543
202106 14.489 118.184 16.739
202109 3.756 118.262 4.336
202112 68.930 119.516 78.748
202203 56.053 120.948 63.278
202206 50.222 123.322 55.604
202209 35.412 125.298 38.589
202212 19.578 126.098 21.199
202303 7.784 126.953 8.372
202306 2.429 127.663 2.598
202309 21.016 128.151 22.391
202312 19.983 129.395 21.086
202403 17.664 130.607 18.466
202406 15.560 130.792 16.244
202409 12.855 130.361 13.464
202412 11.588 131.432 12.038
202503 9.868 131.948 10.211
202506 7.049 133.241 7.223
202509 4.507 133.819 4.599
202512 -0.321 135.271 -0.324
202603 -0.180 136.539 -0.180

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 0.32 mean?
PT Matahari Putra Prima Tbk (ISX:MPPA) has a Cyclically Adjusted PB Ratio of 0.32 as of Jul. 16, 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 19% 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 #114 out of 810 companies in the Retail - Cyclical industry, placing it in the top 14.1%.
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 0.32 is 19% 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 0.32 is 74.4% below this industry median. Based on the distribution chart, PT Matahari Putra Prima Tbk ranks #114 out of 810 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 51/100 and is considered Fairly Valued, 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 #114 out of 810 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 0.32 is 74.4% 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 810 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 0.32 is 74.4% 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 0.32, which is 19% 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 Fairly Valued. The stock's GF Value™ is Rp50.33, compared to a current price of Rp46.00 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 19% above median its 10-year median of 0.27 and 74.4% below the Retail - Cyclical industry median of 1.25. PT Matahari Putra Prima Tbk's overall GF Score™ is 51/100 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 0.32 as of Jul. 16, 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 8.6% below its estimated GF Value™ of Rp50.33. GuruFocus considers PT Matahari Putra Prima Tbk to be Fairly Valued.

Key valuation signals for ISX:MPPA:

  • Cyclically Adjusted PB Ratio: 0.32 (19% above median its 10-year median of 0.27)
  • GF Value™: Rp50.33 vs. price of Rp46.00 (8.6% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 74.4% below the Retail - Cyclical median (#114 of 810)

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.
51GF 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
Rp50.33
GF Value