PT Surya Citra Media Tbk (ISX:SCMA) Cyclically Adjusted PB Ratio: 2.21 (As of Jul. 22, 2026) — 33% 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:SCMA PT Surya Citra Media Tbk ISX:SCMA
82 GF Score
Price Rp210.00
GF Value Rp170.74
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is PT Surya Citra Media Tbk Cyclically Adjusted PB Ratio?

PT Surya Citra Media Tbk ISX:SCMA +2.94% 82 Cyclically Adjusted PB Ratio is 2.21 as of Jul. 22, 2026, which is 33% below its 10-year median of 3.28. GuruFocus rates ISX:SCMA with a GF Score™ of 82/100 and a GF Value™ of Rp170.74 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 714 Media - Diversified companies, PT Surya Citra Media Tbk ranks worse than 75.77% on this metric.

As of today (2026-07-22), PT Surya Citra Media Tbk's current share price is Rp210.00. PT Surya Citra Media Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp95.13. PT Surya Citra Media Tbk's Cyclically Adjusted PB Ratio for today is 2.21.

The historical rank and industry rank for PT Surya Citra Media Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:SCMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.43   Med: 3.28   Max: 8.33
Current: 2.17

During the past years, PT Surya Citra Media Tbk's highest Cyclically Adjusted PB Ratio was 8.33. The lowest was 1.43. And the median was 3.28.

ISX:SCMA's Cyclically Adjusted PB Ratio is ranked worse than
75.77% of 714 companies
in the Media - Diversified industry
Industry Median: 0.985 vs ISX:SCMA: 2.17

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 Surya Citra Media Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp107.771. 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 Rp95.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Surya Citra Media Tbk  (ISX:SCMA) 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 Surya Citra Media Tbk Cyclically Adjusted PB Ratio Related Terms


PT Surya Citra Media Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Surya Citra Media 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 Surya Citra Media Tbk Cyclically Adjusted PB Ratio Chart

PT Surya Citra Media 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 5.30 2.92 2.17 1.94 3.63

PT Surya Citra Media 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 2.29 1.68 3.69 3.63 2.73

ISX:SCMA vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, PT Surya Citra Media 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 Surya Citra Media Tbk Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT Surya Citra Media Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Surya Citra Media Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:SCMA
82GF Score
PT Surya Citra Media Tbk ISX:SCMA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Surya Citra Media 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 Surya Citra Media Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=210.00/95.13
=2.21

* 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 Surya Citra Media Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PT Surya Citra Media 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)
=107.771/136.5387*136.5387
=107.771

Current CPI (Mar. 2026) = 136.5387.

PT Surya Citra Media Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 48.873 103.212 64.654
201609 53.231 104.142 69.790
201612 46.870 105.222 60.820
201703 50.988 106.476 65.384
201706 54.743 107.722 69.388
201709 58.227 108.020 73.599
201712 53.812 109.017 67.397
201803 58.274 110.097 72.270
201806 57.911 111.085 71.181
201809 62.624 111.135 76.939
201812 65.749 112.430 79.848
201903 67.609 112.829 81.817
201906 67.974 114.730 80.895
201909 70.868 114.905 84.211
201912 66.657 115.486 78.808
202003 70.655 116.252 82.985
202006 70.840 116.630 82.933
202009 71.553 116.397 83.935
202012 51.732 117.318 60.207
202103 56.840 117.840 65.859
202106 63.746 118.184 73.646
202109 68.969 118.262 79.628
202112 101.067 119.516 115.462
202203 105.920 120.948 119.573
202206 116.095 123.322 128.537
202209 120.121 125.298 130.897
202212 119.342 126.098 129.224
202303 120.362 126.953 129.451
202306 113.928 127.663 121.849
202309 116.639 128.151 124.273
202312 118.176 129.395 124.701
202403 121.246 130.607 126.753
202406 118.485 130.792 123.691
202409 121.280 130.361 127.027
202412 117.908 131.432 122.490
202503 120.360 131.948 124.547
202506 104.805 133.241 107.399
202509 109.208 133.819 111.428
202512 102.910 135.271 103.874
202603 107.771 136.539 107.771

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 2.21 mean?
PT Surya Citra Media Tbk (ISX:SCMA) has a Cyclically Adjusted PB Ratio of 2.21 as of Jul. 22, 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 Surya Citra Media Tbk and its competitors. This is 33% below median its historical median of 3.28. Over the past decade, PT Surya Citra Media Tbk's Cyclically Adjusted PB Ratio has ranged from 1.43 to 8.33. According to the industry distribution chart, PT Surya Citra Media Tbk ranks #541 out of 714 companies in the Media - Diversified industry, placing it in the top 75.8%.
Is PT Surya Citra Media Tbk's Cyclically Adjusted PB Ratio too high?
PT Surya Citra Media Tbk's current Cyclically Adjusted PB Ratio of 2.21 is 33% below median its 10-year median of 3.28. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 8.33. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.99. PT Surya Citra Media Tbk's value of 2.21 is 124.4% above this industry median. Based on the distribution chart, PT Surya Citra Media Tbk ranks #541 out of 714 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, PT Surya Citra Media 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 Surya Citra Media Tbk's Cyclically Adjusted PB Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, PT Surya Citra Media Tbk ranks #541 out of 714 companies for Cyclically Adjusted PB Ratio. This places PT Surya Citra Media Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.99. PT Surya Citra Media Tbk's value of 2.21 is 124.4% above this benchmark. Historically, PT Surya Citra Media Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.43 to 8.33 over the past decade. While the company's 10-year median is 3.28 vs. the industry median of 0.99, PT Surya Citra Media 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.99, based on 714 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 Surya Citra Media Tbk's current Cyclically Adjusted PB Ratio of 2.21 is 124.4% 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 Surya Citra Media Tbk and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Surya Citra Media Tbk's current Cyclically Adjusted PB Ratio is 2.21, which is 33% below median its own 10-year median of 3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Citra Media Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Citra Media Tbk (ISX:SCMA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp170.74, compared to a current price of Rp210.00 — trading 23% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.21, which is 33% below median its 10-year median of 3.28 and 124.4% above the Media - Diversified industry median of 0.99. PT Surya Citra Media 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 Surya Citra Media Tbk (ISX:SCMA), the current Cyclically Adjusted PB Ratio is 2.21 as of Jul. 22, 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 Surya Citra Media Tbk (ISX:SCMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Surya Citra Media Tbk stock appears to be overvalued. The current stock price of Rp210.00 is trading 23% above its estimated GF Value™ of Rp170.74. GuruFocus considers PT Surya Citra Media Tbk to be Modestly Overvalued.

Key valuation signals for ISX:SCMA:

  • Cyclically Adjusted PB Ratio: 2.21 (33% below median its 10-year median of 3.28)
  • GF Value™: Rp170.74 vs. price of Rp210.00 (23% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 124.4% above the Media - Diversified median (#541 of 714)

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


PT Surya Citra Media Tbk Business Description

Address Jalan Asia Afrika Lot 19, SCTV Tower, Lt. 18, Senayan City, Jakarta, IDN, 10270
PT Surya Citra Media Tbk engages mainly in activities related to multimedia services. is a holdings company that provides multimedia services, the television broadcasting industry. The group classifies into four main business Television and other multimedia platform, Digital, Content creation and production support, Marketing services. The company generates majority of revenue from Television and other multimedia platform.
82GF Score

Get the complete analysis for ISX:SCMA

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

Rp210.00
Price
Rp170.74
GF Value