PT Surya Semesta Internusa Tbk (ISX:SSIA) Cyclically Adjusted PB Ratio: 1.75 (As of Jul. 22, 2026) — 165% 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:SSIA PT Surya Semesta Internusa Tbk ISX:SSIA
81 GF Score
Price Rp1,755.00
GF Value Rp1,135.66
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is PT Surya Semesta Internusa Tbk Cyclically Adjusted PB Ratio?

PT Surya Semesta Internusa Tbk ISX:SSIA -3.84% 81 Cyclically Adjusted PB Ratio is 1.75 as of Jul. 22, 2026, which is 165% above its 10-year median of 0.66. GuruFocus rates ISX:SSIA with a GF Score™ of 81/100 and a GF Value™ of Rp1,135.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,363 Construction companies, PT Surya Semesta Internusa Tbk ranks worse than 63.98% on this metric.

As of today (2026-07-22), PT Surya Semesta Internusa Tbk's current share price is Rp1755.00. PT Surya Semesta Internusa Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was Rp1,005.29. PT Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio for today is 1.75.

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

ISX:SSIA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.66   Max: 2.98
Current: 1.74

During the past years, PT Surya Semesta Internusa Tbk's highest Cyclically Adjusted PB Ratio was 2.98. The lowest was 0.31. And the median was 0.66.

ISX:SSIA's Cyclically Adjusted PB Ratio is ranked worse than
63.98% of 1363 companies
in the Construction industry
Industry Median: 1.17 vs ISX:SSIA: 1.74

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 Semesta Internusa Tbk's adjusted book value per share data for the three months ended in Mar. 2026 was Rp1,197.429. 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 Rp1,005.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Surya Semesta Internusa Tbk  (ISX:SSIA) 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 Semesta Internusa Tbk Cyclically Adjusted PB Ratio Related Terms


PT Surya Semesta Internusa Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Surya Semesta Internusa 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 Semesta Internusa Tbk Cyclically Adjusted PB Ratio Chart

PT Surya Semesta Internusa 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 0.63 0.33 0.50 1.46 1.70

PT Surya Semesta Internusa 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 0.89 1.66 1.86 1.70 1.34

ISX:SSIA vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, PT Surya Semesta Internusa 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 Semesta Internusa Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ISX:SSIA
81GF Score
PT Surya Semesta Internusa Tbk ISX:SSIA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Surya Semesta Internusa 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 Semesta Internusa Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1755.00/1005.29
=1.75

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

For example, PT Surya Semesta Internusa 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)
=1197.429/136.5387*136.5387
=1,197.429

Current CPI (Mar. 2026) = 136.5387.

PT Surya Semesta Internusa Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201606 630.749 103.212 834.413
201609 636.467 104.142 834.457
201612 623.571 105.222 809.162
201703 624.272 106.476 800.531
201706 876.232 107.722 1,110.638
201709 874.572 108.020 1,105.466
201712 861.881 109.017 1,079.467
201803 860.018 110.097 1,066.571
201806 830.804 111.085 1,021.175
201809 829.308 111.135 1,018.879
201812 848.263 112.430 1,030.159
201903 845.392 112.829 1,023.046
201906 833.644 114.730 992.107
201909 838.065 114.905 995.855
201912 842.557 115.486 996.153
202003 862.878 116.252 1,013.453
202006 836.115 116.630 978.841
202009 814.877 116.397 955.889
202012 824.713 117.318 959.828
202103 814.842 117.840 944.142
202106 790.427 118.184 913.186
202109 772.312 118.262 891.671
202112 788.085 119.516 900.331
202203 772.968 120.948 872.605
202206 817.335 123.322 904.928
202209 818.924 125.298 892.388
202212 844.274 126.098 914.181
202303 843.662 126.953 907.367
202306 831.383 127.663 889.185
202309 837.699 128.151 892.525
202312 879.636 129.395 928.202
202403 889.210 130.607 929.595
202406 1,153.841 130.792 1,204.542
202409 1,188.920 130.361 1,245.263
202412 1,212.245 131.432 1,259.351
202503 1,203.605 131.948 1,245.477
202506 1,187.639 133.241 1,217.037
202509 1,217.755 133.819 1,242.504
202512 1,182.529 135.271 1,193.610
202603 1,197.429 136.539 1,197.429

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 1.75 mean?
PT Surya Semesta Internusa Tbk (ISX:SSIA) has a Cyclically Adjusted PB Ratio of 1.75 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 Semesta Internusa Tbk and its competitors. This is 165% above median its historical median of 0.66. Over the past decade, PT Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.98. According to the industry distribution chart, PT Surya Semesta Internusa Tbk ranks #872 out of 1363 companies in the Construction industry, placing it in the top 64%.
Is PT Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio too high?
PT Surya Semesta Internusa Tbk's current Cyclically Adjusted PB Ratio of 1.75 is 165% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 2.98. The Construction industry median Cyclically Adjusted PB Ratio is 1.17. PT Surya Semesta Internusa Tbk's value of 1.75 is 49.6% above this industry median. Based on the distribution chart, PT Surya Semesta Internusa Tbk ranks #872 out of 1363 companies in the Construction industry, which is below the industry midpoint. Overall, PT Surya Semesta Internusa Tbk has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Surya Semesta Internusa Tbk's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, PT Surya Semesta Internusa Tbk ranks #872 out of 1363 companies for Cyclically Adjusted PB Ratio. This places PT Surya Semesta Internusa Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.17. PT Surya Semesta Internusa Tbk's value of 1.75 is 49.6% above this benchmark. Historically, PT Surya Semesta Internusa Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 2.98 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.17, PT Surya Semesta Internusa 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.17, based on 1,363 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 Semesta Internusa Tbk's current Cyclically Adjusted PB Ratio of 1.75 is 49.6% 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 Semesta Internusa Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Surya Semesta Internusa Tbk's current Cyclically Adjusted PB Ratio is 1.75, which is 165% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Semesta Internusa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Semesta Internusa Tbk (ISX:SSIA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,135.66, compared to a current price of Rp1,755.00 — trading 54.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.75, which is 165% above median its 10-year median of 0.66 and 49.6% above the Construction industry median of 1.17. PT Surya Semesta Internusa Tbk's overall GF Score™ is 81/100 with 7 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 Semesta Internusa Tbk (ISX:SSIA), the current Cyclically Adjusted PB Ratio is 1.75 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 Semesta Internusa Tbk (ISX:SSIA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Surya Semesta Internusa Tbk stock appears to be overvalued. The current stock price of Rp1,755.00 is trading 54.5% above its estimated GF Value™ of Rp1,135.66. GuruFocus considers PT Surya Semesta Internusa Tbk to be Significantly Overvalued.

Key valuation signals for ISX:SSIA:

  • Cyclically Adjusted PB Ratio: 1.75 (165% above median its 10-year median of 0.66)
  • GF Value™: Rp1,135.66 vs. price of Rp1,755.00 (54.5% above fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 49.6% above the Construction median (#872 of 1363)

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


PT Surya Semesta Internusa Tbk Business Description

Address Jalan HR Rasuna Said Kav. 3-4 Kuningan, Tempo Scan Tower, 20th Floor, Jakarta, IDN, 12950
PT Surya Semesta Internusa Tbk is an Indonesian construction company. It operates in four segments. The Property development segment includes the development and management of industrial estates, real estate, buildings, and commercial centers. The Construction segment, which is the key revenue driver, includes general contractor services for commercial buildings, mining, and infrastructure. The hospitality segment includes the development and management of hotels and resorts, and Other Segment. The majority of the revenue is from the Construction segment.
81GF Score

Get the complete analysis for ISX:SSIA

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

Rp1,755.00
Price
Rp1,135.66
GF Value