PT Sona Topas Tourism Industry Tbk (ISX:SONA) Cyclically Adjusted PB Ratio: 2.71 (As of Aug. 16, 2026) — 44% Above Median

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ISX:SONA PT Sona Topas Tourism Industry Tbk ISX:SONA
79 GF Score
Price Rp3,150.00
GF Value Rp2,516.20
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is PT Sona Topas Tourism Industry Tbk Cyclically Adjusted PB Ratio?

PT Sona Topas Tourism Industry Tbk ISX:SONA +6.78% 79 Cyclically Adjusted PB Ratio is 2.71 as of Aug. 16, 2026, which is 44% above its 10-year median of 1.88. GuruFocus rates ISX:SONA with a GF Score™ of 79/100 and a GF Value™ of Rp2,516.20 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 639 Travel & Leisure companies, PT Sona Topas Tourism Industry Tbk ranks worse than 74.02% on this metric.

As of today (2026-08-16), PT Sona Topas Tourism Industry Tbk's current share price is Rp3150.00. PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp1,161.41. PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio for today is 2.71.

The historical rank and industry rank for PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio or its related term are showing as below:

ISX:SONA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.54   Med: 1.88   Max: 8.74
Current: 2.71

During the past years, PT Sona Topas Tourism Industry Tbk's highest Cyclically Adjusted PB Ratio was 8.74. The lowest was 0.54. And the median was 1.88.

ISX:SONA's Cyclically Adjusted PB Ratio is ranked worse than
74.02% of 639 companies
in the Travel & Leisure industry
Industry Median: 1.21 vs ISX:SONA: 2.71

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 Sona Topas Tourism Industry Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp1,098.058. 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 Rp1,161.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Sona Topas Tourism Industry Tbk  (ISX:SONA) 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 Sona Topas Tourism Industry Tbk Cyclically Adjusted PB Ratio Related Terms


PT Sona Topas Tourism Industry Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Sona Topas Tourism Industry 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 Sona Topas Tourism Industry Tbk Cyclically Adjusted PB Ratio Chart

PT Sona Topas Tourism Industry 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 1.91 0.87 3.63 1.85

PT Sona Topas Tourism Industry 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 2.97 3.80 1.85 1.80 1.89

ISX:SONA vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, PT Sona Topas Tourism Industry 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 Sona Topas Tourism Industry Tbk Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:SONA
79GF Score
PT Sona Topas Tourism Industry Tbk ISX:SONA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Sona Topas Tourism Industry 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 Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3150.00/1161.41
=2.71

* 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 Sona Topas Tourism Industry Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Sona Topas Tourism Industry 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)
=1098.058/137.6954*137.6954
=1,098.058

Current CPI (Jun. 2026) = 137.6954.

PT Sona Topas Tourism Industry Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 924.440 104.142 1,222.280
201612 881.092 105.222 1,153.014
201703 905.102 106.476 1,170.484
201706 927.351 107.722 1,185.390
201709 978.852 108.020 1,247.759
201712 960.102 109.017 1,212.671
201803 1,007.930 110.097 1,260.597
201806 1,047.031 111.085 1,297.851
201809 1,078.360 111.135 1,336.086
201812 1,149.177 112.430 1,407.423
201903 1,186.296 112.829 1,447.750
201906 1,210.275 114.730 1,452.532
201909 1,223.532 114.905 1,466.214
201912 1,256.238 115.486 1,497.830
202003 1,191.081 116.252 1,410.780
202006 1,158.953 116.630 1,368.282
202009 1,100.024 116.397 1,301.312
202012 1,060.852 117.318 1,245.114
202103 1,023.377 117.840 1,195.812
202106 978.231 118.184 1,139.731
202109 931.192 118.262 1,084.213
202112 977.049 119.516 1,125.666
202203 945.365 120.948 1,076.266
202206 902.161 123.322 1,007.306
202209 886.843 125.298 974.587
202212 904.670 126.098 987.876
202303 900.312 126.953 976.498
202306 888.801 127.663 958.648
202309 891.805 128.151 958.222
202312 893.381 129.395 950.692
202403 887.781 130.607 935.963
202406 904.602 130.792 952.351
202409 932.713 130.361 985.190
202412 959.303 131.432 1,005.022
202503 969.433 131.948 1,011.657
202506 997.842 133.241 1,031.204
202509 1,049.633 133.819 1,080.038
202512 1,101.828 135.271 1,121.575
202603 1,106.975 136.539 1,116.353
202606 1,098.058 137.695 1,098.058

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 2.71 mean?
PT Sona Topas Tourism Industry Tbk (ISX:SONA) has a Cyclically Adjusted PB Ratio of 2.71 as of Aug. 16, 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 Sona Topas Tourism Industry Tbk and its competitors. This is 44% above median its historical median of 1.88. Over the past decade, PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio has ranged from 0.54 to 8.74. According to the industry distribution chart, PT Sona Topas Tourism Industry Tbk ranks #473 out of 639 companies in the Travel & Leisure industry, placing it in the top 74%.
Is PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio too high?
PT Sona Topas Tourism Industry Tbk's current Cyclically Adjusted PB Ratio of 2.71 is 44% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 8.74. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.21. PT Sona Topas Tourism Industry Tbk's value of 2.71 is 124% above this industry median. Based on the distribution chart, PT Sona Topas Tourism Industry Tbk ranks #473 out of 639 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, PT Sona Topas Tourism Industry Tbk has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Sona Topas Tourism Industry Tbk's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, PT Sona Topas Tourism Industry Tbk ranks #473 out of 639 companies for Cyclically Adjusted PB Ratio. This places PT Sona Topas Tourism Industry Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. PT Sona Topas Tourism Industry Tbk's value of 2.71 is 124% above this benchmark. Historically, PT Sona Topas Tourism Industry Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.54 to 8.74 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.21, PT Sona Topas Tourism Industry 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.21, based on 639 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 Sona Topas Tourism Industry Tbk's current Cyclically Adjusted PB Ratio of 2.71 is 124% 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 Sona Topas Tourism Industry Tbk and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Sona Topas Tourism Industry Tbk's current Cyclically Adjusted PB Ratio is 2.71, which is 44% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Sona Topas Tourism Industry Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Sona Topas Tourism Industry Tbk (ISX:SONA) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp2,516.20, compared to a current price of Rp3,150.00 — trading 25.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.71, which is 44% above median its 10-year median of 1.88 and 124% above the Travel & Leisure industry median of 1.21. PT Sona Topas Tourism Industry Tbk's overall GF Score™ is 79/100 with 3 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 Sona Topas Tourism Industry Tbk (ISX:SONA), the current Cyclically Adjusted PB Ratio is 2.71 as of Aug. 16, 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 Sona Topas Tourism Industry Tbk (ISX:SONA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Sona Topas Tourism Industry Tbk stock appears to be overvalued. The current stock price of Rp3,150.00 is trading 25.2% above its estimated GF Value™ of Rp2,516.20. GuruFocus considers PT Sona Topas Tourism Industry Tbk to be Modestly Overvalued.

Key valuation signals for ISX:SONA:

  • Cyclically Adjusted PB Ratio: 2.71 (44% above median its 10-year median of 1.88)
  • GF Value™: Rp2,516.20 vs. price of Rp3,150.00 (25.2% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 124% above the Travel & Leisure median (#473 of 639)

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


PT Sona Topas Tourism Industry Tbk Business Description

Address Jalan Jend. Sudirman Kav. 60, Menara Sudirman, Lantai 20, Jakarta, IDN, 12190
PT Sona Topas Tourism Industry Tbk provides domestic and international travel-related services in Indonesia. The company operates through two divisions: Travel and Travel Retail Shops. The company generates the majority of its revenue from the Travel Retail Shop division, which operates retail shops in Bali, Jakarta, Surabaya, Lombok, Medan, and Batam. Travel division includes Selling tours and travel tickets, especially to the domestic market, and handling of related documents and tours. Geographically, the company generates the majority of its revenue from Bali.
79GF Score

Get the complete analysis for ISX:SONA

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

Rp3,150.00
Price
Rp2,516.20
GF Value