PT Plaza Indonesia Realty Tbk (ISX:PLIN) Cyclically Adjusted PB Ratio: 0.93 (As of Jul. 24, 2026) — 26% Below 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:PLIN PT Plaza Indonesia Realty Tbk ISX:PLIN
12 GF Score
Price Rp2,510.00
GF Value Rp2,984.99
! 4 Warning Signs
View Full Analysis

What is PT Plaza Indonesia Realty Tbk Cyclically Adjusted PB Ratio?

PT Plaza Indonesia Realty Tbk ISX:PLIN 12 Cyclically Adjusted PB Ratio is 0.93 as of Jul. 24, 2026, which is 26% below its 10-year median of 1.25. GuruFocus rates ISX:PLIN with a GF Score™ of 12/100 and a GF Value™ of Rp2,984.99. The stock has 4 warning signs investors should review.

As of today (2026-07-24), PT Plaza Indonesia Realty Tbk's current share price is Rp2510.00. PT Plaza Indonesia Realty Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp2,698.34. PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio for today is 0.93.

The historical rank and industry rank for PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:PLIN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.25   Max: 1.94
Current: 0.93

During the past years, PT Plaza Indonesia Realty Tbk's highest Cyclically Adjusted PB Ratio was 1.94. The lowest was 0.93. And the median was 1.25.

ISX:PLIN's Cyclically Adjusted PB Ratio is not ranked
in the Real Estate industry.
Industry Median: 0.7 vs ISX:PLIN: 0.93

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 Plaza Indonesia Realty Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp3,259.722. 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 Rp2,698.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Plaza Indonesia Realty Tbk  (ISX:PLIN) 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 Plaza Indonesia Realty Tbk Cyclically Adjusted PB Ratio Related Terms


PT Plaza Indonesia Realty Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Plaza Indonesia Realty 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 Plaza Indonesia Realty Tbk Cyclically Adjusted PB Ratio Chart

PT Plaza Indonesia Realty 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 1.61 1.17 1.32 1.09 0.96

PT Plaza Indonesia Realty 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 1.06 1.02 0.99 0.96 0.93

ISX:PLIN vs CBRE, CSGP, BEKE: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, PT Plaza Indonesia Realty 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 Plaza Indonesia Realty Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:PLIN
12GF Score
PT Plaza Indonesia Realty Tbk ISX:PLIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Plaza Indonesia Realty 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 Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2510.00/2698.34
=0.93

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

For example, PT Plaza Indonesia Realty 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)
=3259.722/136.5387*136.5387
=3,259.722

Current CPI (Mar. 2026) = 136.5387.

PT Plaza Indonesia Realty Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 576.460 103.212 762.594
201609 592.825 104.142 777.239
201612 665.087 105.222 863.034
201703 409.401 106.476 524.993
201706 426.488 107.722 540.580
201709 486.378 108.020 614.786
201712 3,405.237 109.017 4,264.904
201803 312.257 110.097 387.253
201806 306.873 111.085 377.190
201809 310.056 111.135 380.932
201812 3,591.004 112.430 4,361.038
201903 415.786 112.829 503.161
201906 537.666 114.730 639.868
201909 3,224.786 114.905 3,831.945
201912 3,273.863 115.486 3,870.680
202003 3,313.044 116.252 3,891.181
202006 3,240.431 116.630 3,793.578
202009 3,269.630 116.397 3,835.430
202012 3,013.102 117.318 3,506.748
202103 3,040.950 117.840 3,523.490
202106 2,985.211 118.184 3,448.835
202109 3,034.284 118.262 3,503.224
202112 3,053.791 119.516 3,488.740
202203 3,076.281 120.948 3,472.821
202206 3,103.223 123.322 3,435.791
202209 3,045.667 125.298 3,318.888
202212 3,123.824 126.098 3,382.479
202303 3,163.729 126.953 3,402.623
202306 3,061.349 127.663 3,274.190
202309 3,023.671 128.151 3,221.565
202312 3,079.755 129.395 3,249.791
202403 3,117.871 130.607 3,259.473
202406 3,071.284 130.792 3,206.239
202409 3,108.232 130.361 3,255.531
202412 3,209.965 131.432 3,334.699
202503 3,246.766 131.948 3,359.716
202506 3,189.064 133.241 3,268.003
202509 3,226.313 133.819 3,291.884
202512 3,218.623 135.271 3,248.784
202603 3,259.722 136.539 3,259.722

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 0.93 mean?
PT Plaza Indonesia Realty Tbk (ISX:PLIN) has a Cyclically Adjusted PB Ratio of 0.93 as of Jul. 24, 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 Plaza Indonesia Realty Tbk and its competitors. This is 26% below median its historical median of 1.25. Over the past decade, PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio has ranged from 0.93 to 1.94.
Is PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio too high?
PT Plaza Indonesia Realty Tbk's current Cyclically Adjusted PB Ratio of 0.93 is 26% below median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 1.94. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.70. PT Plaza Indonesia Realty Tbk's value of 0.93 is 32.9% above this industry median. Overall, PT Plaza Indonesia Realty Tbk has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio compare to CBRE and CSGP?
PT Plaza Indonesia Realty Tbk's Cyclically Adjusted PB Ratio of 0.93 can be compared against companies in the Real Estate industry. The industry median Cyclically Adjusted PB Ratio is 0.70. PT Plaza Indonesia Realty Tbk's value of 0.93 is 32.9% above this benchmark. Historically, PT Plaza Indonesia Realty Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.93 to 1.94 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 0.70, PT Plaza Indonesia Realty Tbk has consistently been above 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 1,431 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 Plaza Indonesia Realty Tbk's current Cyclically Adjusted PB Ratio of 0.93 is 32.9% above 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 Plaza Indonesia Realty 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 Plaza Indonesia Realty Tbk's current Cyclically Adjusted PB Ratio is 0.93, which is 26% below median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Plaza Indonesia Realty Tbk stock overvalued right now?
PT Plaza Indonesia Realty Tbk (ISX:PLIN) has a current Cyclically Adjusted PB Ratio of 0.93. The stock's GF Value™ is Rp2,984.99, compared to a current price of Rp2,510.00 — trading 15.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 26% below median its 10-year median of 1.25 and 32.9% above the Real Estate industry median of 0.70. PT Plaza Indonesia Realty Tbk's overall GF Score™ is 12/100 with 4 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 Plaza Indonesia Realty Tbk (ISX:PLIN), the current Cyclically Adjusted PB Ratio is 0.93 as of Jul. 24, 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 Plaza Indonesia Realty Tbk (ISX:PLIN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Plaza Indonesia Realty Tbk stock appears to be undervalued. The current stock price of Rp2,510.00 is trading 15.9% below its estimated GF Value™ of Rp2,984.99.

Key valuation signals for ISX:PLIN:

  • Cyclically Adjusted PB Ratio: 0.93 (26% below median its 10-year median of 1.25)
  • GF Value™: Rp2,984.99 vs. price of Rp2,510.00 (15.9% below fair value)
  • GF Score™: 12/100 with 4 warning signs
  • Industry Position: 32.9% above the Real Estate median

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


PT Plaza Indonesia Realty Tbk Business Description

Address Jalan M.H. Thamrin Kav. 28-30, The Plaza Office Tower, 10th Floor, Pusat, Jakarta, IDN, 10350
PT Plaza Indonesia Realty Tbk is engaged in the business of managing and developing, hotels. The company's reportable segments include hotels, Shopping centers, and offices. It generates maximum revenue from the Shopping Center segment. The company property portfolio includes a wide array of developments including the Plaza Indonesia Shopping Center, Grand Hyatt Jakarta, The Plaza Office Tower, Keraton and others.
12GF Score

Get the complete analysis for ISX:PLIN

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

Rp2,510.00
Price
Rp2,984.99
GF Value