PT Pikko Land Development Tbk (ISX:RODA) Cyclically Adjusted PB Ratio: 0.37 (As of Aug. 23, 2026) — 28% 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:RODA PT Pikko Land Development Tbk ISX:RODA
59 GF Score
Price Rp68.00
GF Value Rp62.42
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is PT Pikko Land Development Tbk Cyclically Adjusted PB Ratio?

PT Pikko Land Development Tbk ISX:RODA -4.23% 59 Cyclically Adjusted PB Ratio is 0.37 as of Aug. 23, 2026, which is 28% above its 10-year median of 0.29. GuruFocus rates ISX:RODA with a GF Score™ of 59/100 and a GF Value™ of Rp62.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,352 Real Estate companies, PT Pikko Land Development Tbk ranks better than 69.23% on this metric.

As of today (2026-08-23), PT Pikko Land Development Tbk's current share price is Rp68.00. PT Pikko Land Development Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp183.60. PT Pikko Land Development Tbk's Cyclically Adjusted PB Ratio for today is 0.37.

The historical rank and industry rank for PT Pikko Land Development Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:RODA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.29   Max: 0.6
Current: 0.37

During the past years, PT Pikko Land Development Tbk's highest Cyclically Adjusted PB Ratio was 0.60. The lowest was 0.08. And the median was 0.29.

ISX:RODA's Cyclically Adjusted PB Ratio is ranked better than
69.23% of 1352 companies
in the Real Estate industry
Industry Median: 0.675 vs ISX:RODA: 0.37

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 Pikko Land Development Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp136.831. 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 Rp183.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Pikko Land Development Tbk  (ISX:RODA) 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 Pikko Land Development Tbk Cyclically Adjusted PB Ratio Related Terms


PT Pikko Land Development Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Pikko Land Development 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 Pikko Land Development Tbk Cyclically Adjusted PB Ratio Chart

PT Pikko Land Development 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 0.51 0.31 0.27 0.21 0.27

PT Pikko Land Development 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 0.19 0.25 0.27 0.30 0.27

PT Pikko Land Development Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, PT Pikko Land Development 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 Pikko Land Development Tbk Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Pikko Land Development Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Pikko Land Development Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:RODA
59GF Score
PT Pikko Land Development Tbk ISX:RODA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Pikko Land Development 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 Pikko Land Development Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.00/183.60
=0.37

* 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 Pikko Land Development Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Pikko Land Development 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)
=136.831/137.6954*137.6954
=136.831

Current CPI (Jun. 2026) = 137.6954.

PT Pikko Land Development Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 171.140 104.142 226.279
201612 175.725 105.222 229.957
201703 182.224 106.476 235.653
201706 181.303 107.722 231.751
201709 180.904 108.020 230.601
201712 177.270 109.017 223.903
201803 177.752 110.097 222.311
201806 177.429 111.085 219.933
201809 177.228 111.135 219.585
201812 177.220 112.430 217.045
201903 178.951 112.829 218.391
201906 178.230 114.730 213.906
201909 177.206 114.905 212.354
201912 165.986 115.486 197.907
202003 164.974 116.252 195.404
202006 161.386 116.630 190.535
202009 160.531 116.397 189.906
202012 152.218 117.318 178.657
202103 152.286 117.840 177.946
202106 152.386 118.184 177.544
202109 153.419 118.262 178.630
202112 153.057 119.516 176.338
202203 152.361 120.948 173.458
202206 151.282 123.322 168.914
202209 151.359 125.298 166.334
202212 150.439 126.098 164.275
202303 149.218 126.953 161.845
202306 148.490 127.663 160.159
202309 148.080 128.151 159.108
202312 147.707 129.395 157.182
202403 146.926 130.607 154.900
202406 146.153 130.792 153.868
202409 145.683 130.361 153.880
202412 143.035 131.432 149.852
202503 142.185 131.948 148.378
202506 141.768 133.241 146.508
202509 141.115 133.819 145.203
202512 137.992 135.271 140.465
202603 137.256 136.539 138.419
202606 136.831 137.695 136.831

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 0.37 mean?
PT Pikko Land Development Tbk (ISX:RODA) has a Cyclically Adjusted PB Ratio of 0.37 as of Aug. 23, 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 Pikko Land Development Tbk and its competitors. This is 28% above median its historical median of 0.29. Over the past decade, PT Pikko Land Development Tbk's Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.60. According to the industry distribution chart, PT Pikko Land Development Tbk ranks #416 out of 1352 companies in the Real Estate industry, placing it in the top 30.8%.
Is PT Pikko Land Development Tbk's Cyclically Adjusted PB Ratio too high?
PT Pikko Land Development Tbk's current Cyclically Adjusted PB Ratio of 0.37 is 28% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.60. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.68. PT Pikko Land Development Tbk's value of 0.37 is 45.2% below this industry median. Based on the distribution chart, PT Pikko Land Development Tbk ranks #416 out of 1352 companies in the Real Estate industry, which is above the industry midpoint. Overall, PT Pikko Land Development Tbk has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Pikko Land Development Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, PT Pikko Land Development Tbk ranks #416 out of 1352 companies for Cyclically Adjusted PB Ratio. This puts PT Pikko Land Development Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.68. PT Pikko Land Development Tbk's value of 0.37 is 45.2% below this benchmark. Historically, PT Pikko Land Development Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.08 to 0.60 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.68, PT Pikko Land Development 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 0.68, based on 1,352 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 Pikko Land Development Tbk's current Cyclically Adjusted PB Ratio of 0.37 is 45.2% 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 Pikko Land Development Tbk and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pikko Land Development Tbk's current Cyclically Adjusted PB Ratio is 0.37, which is 28% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pikko Land Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pikko Land Development Tbk (ISX:RODA) is currently considered Fairly Valued. The stock's GF Value™ is Rp62.42, compared to a current price of Rp68.00 — trading 8.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.37, which is 28% above median its 10-year median of 0.29 and 45.2% below the Real Estate industry median of 0.68. PT Pikko Land Development Tbk's overall GF Score™ is 59/100 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 Pikko Land Development Tbk (ISX:RODA), the current Cyclically Adjusted PB Ratio is 0.37 as of Aug. 23, 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 Pikko Land Development Tbk (ISX:RODA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Pikko Land Development Tbk stock appears to be overvalued. The current stock price of Rp68.00 is trading 8.9% above its estimated GF Value™ of Rp62.42. GuruFocus considers PT Pikko Land Development Tbk to be Fairly Valued.

Key valuation signals for ISX:RODA:

  • Cyclically Adjusted PB Ratio: 0.37 (28% above median its 10-year median of 0.29)
  • GF Value™: Rp62.42 vs. price of Rp68.00 (8.9% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 45.2% below the Real Estate median (#416 of 1352)

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


PT Pikko Land Development Tbk Business Description

Address Jalan Jenderal Sudirman Street No. 86, Sahid Sudirman Residence, 3rd Floor, Tanah Abang, Central Jakarta, Jakarta, IDN, 10220
PT Pikko Land Development Tbk is a property development company. It is engaged in the development and sale of real estate and investment in shares of stocks and some property assets, such as land and apartment units. The company develops Residential; Mix used Commercial properties.
59GF Score

Get the complete analysis for ISX:RODA

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

Rp68.00
Price
Rp62.42
GF Value