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PT Summarecon Agung Tbk (ISX:SMRA) Cyclically Adjusted PB Ratio : 1.09 (As of May. 17, 2024)


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What is PT Summarecon Agung Tbk Cyclically Adjusted PB Ratio?

As of today (2024-05-17), PT Summarecon Agung Tbk's current share price is Rp575.00. PT Summarecon Agung Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp528.99. PT Summarecon Agung Tbk's Cyclically Adjusted PB Ratio for today is 1.09.

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

ISX:SMRA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.56   Max: 3.4
Current: 0.96

During the past years, PT Summarecon Agung Tbk's highest Cyclically Adjusted PB Ratio was 3.40. The lowest was 0.91. And the median was 1.56.

ISX:SMRA's Cyclically Adjusted PB Ratio is ranked worse than
62.6% of 1321 companies
in the Real Estate industry
Industry Median: 0.7 vs ISX:SMRA: 0.96

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 Summarecon Agung Tbk's adjusted book value per share data for the three months ended in Mar. 2024 was Rp621.863. 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 Rp528.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Summarecon Agung Tbk Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PT Summarecon Agung 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.

* Premium members only.

PT Summarecon Agung Tbk Cyclically Adjusted PB Ratio Chart

PT Summarecon Agung Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.48 1.87 1.87 1.22 1.10

PT Summarecon Agung Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.05 1.29 1.11 1.10 1.00

Competitive Comparison of PT Summarecon Agung Tbk's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, PT Summarecon Agung 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 Summarecon Agung Tbk's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where PT Summarecon Agung Tbk's Cyclically Adjusted PB Ratio falls into.



PT Summarecon Agung 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 Summarecon Agung Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=575.00/528.99
=1.09

* 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 Summarecon Agung Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PT Summarecon Agung Tbk's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=621.863/130.6070*130.6070
=621.863

Current CPI (Mar. 2024) = 130.6070.

PT Summarecon Agung Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 312.132 93.015 438.281
201409 338.289 94.576 467.168
201412 364.270 98.819 481.446
201503 385.801 98.388 512.141
201506 381.572 99.766 499.528
201509 400.825 101.037 518.135
201512 403.848 102.133 516.439
201603 406.096 102.764 516.125
201606 401.387 103.212 507.923
201609 404.096 104.142 506.785
201612 419.306 105.222 520.465
201703 424.005 106.476 520.099
201706 417.431 107.722 506.114
201709 422.021 108.020 510.264
201712 437.235 109.017 523.827
201803 439.662 110.097 521.569
201806 438.225 111.085 515.240
201809 446.842 111.135 525.136
201812 463.677 112.430 538.642
201903 466.718 112.829 540.259
201906 469.224 114.730 534.157
201909 480.538 114.905 546.206
201912 494.845 115.486 559.637
202003 482.631 116.252 542.226
202006 481.207 116.630 538.876
202009 479.827 116.397 538.407
202012 459.798 117.318 511.880
202103 462.085 117.840 512.149
202106 481.573 118.184 532.194
202109 514.794 118.262 568.533
202112 524.646 119.516 573.332
202203 535.164 120.948 577.902
202206 540.035 123.322 571.935
202209 537.353 125.298 560.119
202212 557.128 126.098 577.051
202303 573.760 126.953 590.276
202306 576.795 127.663 590.097
202309 590.228 128.151 601.538
202312 595.254 129.395 600.831
202403 621.863 130.607 621.863

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.


PT Summarecon Agung Tbk  (ISX:SMRA) 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 Summarecon Agung Tbk Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of PT Summarecon Agung Tbk's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Summarecon Agung Tbk (ISX:SMRA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Perintis Kemerdekaan No. 42, Pulo Gadung, Jakarta Timur, Jakarta, IDN, 13210
PT Summarecon Agung Tbk is a real estate developer in Indonesia that specializes in townships that include residential and commercial developments and leisure and hospitality businesses. Summarecon Agung's property development segment, which generates most of the company's revenue, develops and then sells properties such as residential houses, apartment buildings, and shopping lots. The company's investment property segment develops properties, including shopping malls, offices, apartments, and commercial spaces, that it retains and leases. The leisure and hospitality segment owns and generates revenue from hotels, golf courses, and sport and fitness clubs.

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