PT Nusa Raya Cipta Tbk (ISX:NRCA) Cyclically Adjusted PB Ratio: 1.01 (As of Sep. 06, 2026) — 60% Above Median

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ISX:NRCA PT Nusa Raya Cipta Tbk ISX:NRCA
82 GF Score
Price Rp575.00
GF Value Rp441.17
Valuation Modestly Overvalued
! 6 Warning Signs
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What is PT Nusa Raya Cipta Tbk Cyclically Adjusted PB Ratio?

PT Nusa Raya Cipta Tbk ISX:NRCA -2.54% 82 Cyclically Adjusted PB Ratio is 1.01 as of Sep. 06, 2026, which is 60% above its 10-year median of 0.63. GuruFocus rates ISX:NRCA with a GF Score™ of 82/100 and a GF Value™ of Rp441.17 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,240 Construction companies, PT Nusa Raya Cipta Tbk ranks better than 55.81% on this metric.

As of today (2026-09-06), PT Nusa Raya Cipta Tbk's current share price is Rp575.00. PT Nusa Raya Cipta Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp572.09. PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio for today is 1.01.

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

ISX:NRCA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.63   Max: 3.52
Current: 1.01

During the past years, PT Nusa Raya Cipta Tbk's highest Cyclically Adjusted PB Ratio was 3.52. The lowest was 0.53. And the median was 0.63.

ISX:NRCA's Cyclically Adjusted PB Ratio is ranked better than
55.81% of 1240 companies
in the Construction industry
Industry Median: 1.16 vs ISX:NRCA: 1.01

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 Nusa Raya Cipta Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp544.707. 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 Rp572.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Nusa Raya Cipta Tbk  (ISX:NRCA) 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 Nusa Raya Cipta Tbk Cyclically Adjusted PB Ratio Related Terms


PT Nusa Raya Cipta Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk Cyclically Adjusted PB Ratio Chart

PT Nusa Raya Cipta 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 0.57 0.61 0.64 2.70

PT Nusa Raya Cipta 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 0.56 1.62 2.70 0.99 0.70

ISX:NRCA vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:NRCA
82GF Score
PT Nusa Raya Cipta Tbk ISX:NRCA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Nusa Raya Cipta 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 Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=575.00/572.09
=1.01

* 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 Nusa Raya Cipta Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Nusa Raya Cipta 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)
=544.707/137.6954*137.6954
=544.707

Current CPI (Jun. 2026) = 137.6954.

PT Nusa Raya Cipta Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 451.002 104.142 596.308
201612 466.032 105.222 609.858
201703 475.983 106.476 615.545
201706 503.685 107.722 643.837
201709 483.783 108.020 616.686
201712 492.587 109.017 622.169
201803 509.489 110.097 637.207
201806 474.544 111.085 588.223
201809 485.342 111.135 601.338
201812 494.791 112.430 605.982
201903 506.810 112.829 618.509
201906 495.128 114.730 594.236
201909 508.352 114.905 609.181
201912 500.085 115.486 596.258
202003 511.340 116.252 605.658
202006 520.008 116.630 613.932
202009 504.275 116.397 596.550
202012 477.086 117.318 559.952
202103 480.596 117.840 561.575
202106 465.579 118.184 542.443
202109 468.777 118.262 545.810
202112 482.851 119.516 556.296
202203 496.483 120.948 565.229
202206 486.004 123.322 542.647
202209 495.361 125.298 544.372
202212 498.002 126.098 543.805
202303 509.934 126.953 553.085
202306 478.064 127.663 515.633
202309 490.022 128.151 526.516
202312 495.742 129.395 527.544
202403 507.639 130.607 535.190
202406 491.410 130.792 517.349
202409 501.792 130.361 530.024
202412 497.332 131.432 521.034
202503 514.658 131.948 537.074
202506 506.055 133.241 522.975
202509 559.813 133.819 576.029
202512 564.322 135.271 574.436
202603 563.436 136.539 568.209
202606 544.707 137.695 544.707

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 1.01 mean?
PT Nusa Raya Cipta Tbk (ISX:NRCA) has a Cyclically Adjusted PB Ratio of 1.01 as of Sep. 06, 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 Nusa Raya Cipta Tbk and its competitors. This is 60% above median its historical median of 0.63. Over the past decade, PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio has ranged from 0.53 to 3.52. According to the industry distribution chart, PT Nusa Raya Cipta Tbk ranks #548 out of 1240 companies in the Construction industry, placing it in the top 44.2%.
Is PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio too high?
PT Nusa Raya Cipta Tbk's current Cyclically Adjusted PB Ratio of 1.01 is 60% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 3.52. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. PT Nusa Raya Cipta Tbk's value of 1.01 is 12.9% below this industry median. Based on the distribution chart, PT Nusa Raya Cipta Tbk ranks #548 out of 1240 companies in the Construction industry, which is above the industry midpoint. Overall, PT Nusa Raya Cipta Tbk has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Nusa Raya Cipta Tbk's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, PT Nusa Raya Cipta Tbk ranks #548 out of 1240 companies for Cyclically Adjusted PB Ratio. This puts PT Nusa Raya Cipta Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. PT Nusa Raya Cipta Tbk's value of 1.01 is 12.9% below this benchmark. Historically, PT Nusa Raya Cipta Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 3.52 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.16, PT Nusa Raya Cipta 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,240 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 Nusa Raya Cipta Tbk's current Cyclically Adjusted PB Ratio of 1.01 is 12.9% 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 Nusa Raya Cipta Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Nusa Raya Cipta Tbk's current Cyclically Adjusted PB Ratio is 1.01, which is 60% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Nusa Raya Cipta Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Nusa Raya Cipta Tbk (ISX:NRCA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp441.17, compared to a current price of Rp575.00 — trading 30.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.01, which is 60% above median its 10-year median of 0.63 and 12.9% below the Construction industry median of 1.16. PT Nusa Raya Cipta Tbk's overall GF Score™ is 82/100 with 6 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 Nusa Raya Cipta Tbk (ISX:NRCA), the current Cyclically Adjusted PB Ratio is 1.01 as of Sep. 06, 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 Nusa Raya Cipta Tbk (ISX:NRCA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Nusa Raya Cipta Tbk stock appears to be overvalued. The current stock price of Rp575.00 is trading 30.3% above its estimated GF Value™ of Rp441.17. GuruFocus considers PT Nusa Raya Cipta Tbk to be Modestly Overvalued.

Key valuation signals for ISX:NRCA:

  • Cyclically Adjusted PB Ratio: 1.01 (60% above median its 10-year median of 0.63)
  • GF Value™: Rp441.17 vs. price of Rp575.00 (30.3% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 12.9% below the Construction median (#548 of 1240)

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


PT Nusa Raya Cipta Tbk Business Description

Address Jalan D. I. Panjaitan Number 40, Graha Cipta Building Lantai 2, Jakarta, IDN, 13350
PT Nusa Raya Cipta Tbk is an Indonesian-based company engaged in construction services. The company's project comprises the construction of hotels and resorts, office buildings, apartments, hospitals, malls, shopping centers, and factories. It operates in two business segments: the Building Construction segment, which generates key revenue for the company, and the Hotel and similar business segment. The company conducts its business in multiple locations based on regional offices, namely Jakarta, Denpasar, Semarang, Surabaya, and Medan.
82GF Score

Get the complete analysis for ISX:NRCA

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

Rp575.00
Price
Rp441.17
GF Value