PT Dana Brata Luhur Tbk (ISX:TEBE) Cyclically Adjusted PB Ratio: 2.76 (As of Sep. 06, 2026) — Near 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:TEBE PT Dana Brata Luhur Tbk ISX:TEBE
81 GF Score
Price Rp1,660.00
GF Value Rp593.01
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is PT Dana Brata Luhur Tbk Cyclically Adjusted PB Ratio?

PT Dana Brata Luhur Tbk ISX:TEBE -2.92% 81 Cyclically Adjusted PB Ratio is 2.76 as of Sep. 06, 2026, which is 8% above its 10-year median of 2.56. GuruFocus rates ISX:TEBE with a GF Score™ of 81/100 and a GF Value™ of Rp593.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,240 Construction companies, PT Dana Brata Luhur Tbk ranks worse than 77.1% on this metric.

As of today (2026-09-06), PT Dana Brata Luhur Tbk's current share price is Rp1660.00. PT Dana Brata Luhur Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was Rp601.11. PT Dana Brata Luhur Tbk's Cyclically Adjusted PB Ratio for today is 2.76.

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

ISX:TEBE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.88   Med: 2.56   Max: 4.04
Current: 2.76

During the past 10 years, PT Dana Brata Luhur Tbk's highest Cyclically Adjusted PB Ratio was 4.04. The lowest was 1.88. And the median was 2.56.

ISX:TEBE's Cyclically Adjusted PB Ratio is ranked worse than
77.1% of 1240 companies
in the Construction industry
Industry Median: 1.16 vs ISX:TEBE: 2.76

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 Dana Brata Luhur Tbk's adjusted book value per share data of for the fiscal year that ended in Dec25 was Rp947.506. 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 Rp601.11 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Dana Brata Luhur Tbk  (ISX:TEBE) 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 Dana Brata Luhur Tbk Cyclically Adjusted PB Ratio Related Terms


PT Dana Brata Luhur Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Dana Brata Luhur 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 Dana Brata Luhur Tbk Cyclically Adjusted PB Ratio Chart

PT Dana Brata Luhur 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 0.00 0.00 0.00 4.34

PT Dana Brata Luhur 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 0.00 0.00 4.34 0.00 0.00

PT Dana Brata Luhur Tbk Cyclically Adjusted PB Ratio Competitor Comparison

For the Infrastructure Operations subindustry, PT Dana Brata Luhur 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 Dana Brata Luhur Tbk Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, PT Dana Brata Luhur Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Dana Brata Luhur Tbk's Cyclically Adjusted PB Ratio falls into.


ISX:TEBE
81GF Score
PT Dana Brata Luhur Tbk ISX:TEBE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Dana Brata Luhur 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 Dana Brata Luhur Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1660.00/601.11
=2.76

* 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 Dana Brata Luhur Tbk's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, PT Dana Brata Luhur Tbk's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=947.506/135.2711*135.2711
=947.506

Current CPI (Dec25) = 135.2711.

PT Dana Brata Luhur Tbk Annual Data

Book Value per Share CPI Adj_Book
201612 3.663 105.222 4.709
201712 6.109 109.017 7.580
201812 448.707 112.430 539.866
201912 509.256 115.486 596.502
202012 506.040 117.318 583.478
202112 628.525 119.516 711.379
202212 814.378 126.098 873.623
202312 839.866 129.395 878.008
202412 843.788 131.432 868.438
202512 947.506 135.271 947.506

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 2.76 mean?
PT Dana Brata Luhur Tbk (ISX:TEBE) has a Cyclically Adjusted PB Ratio of 2.76 as of Sep. 06, 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 Dana Brata Luhur Tbk and its competitors. This is near median its historical median of 2.56. Over the past decade, PT Dana Brata Luhur Tbk's Cyclically Adjusted PB Ratio has ranged from 1.88 to 4.04. According to the industry distribution chart, PT Dana Brata Luhur Tbk ranks #956 out of 1240 companies in the Construction industry, placing it in the top 77.1%.
Is PT Dana Brata Luhur Tbk's Cyclically Adjusted PB Ratio too high?
PT Dana Brata Luhur Tbk's current Cyclically Adjusted PB Ratio of 2.76 is near median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 4.04. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. PT Dana Brata Luhur Tbk's value of 2.76 is 137.9% above this industry median. Based on the distribution chart, PT Dana Brata Luhur Tbk ranks #956 out of 1240 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PT Dana Brata Luhur 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 Dana Brata Luhur Tbk's Cyclically Adjusted PB Ratio compare to competitors?
According to the Construction industry distribution chart, PT Dana Brata Luhur Tbk ranks #956 out of 1240 companies for Cyclically Adjusted PB Ratio. This places PT Dana Brata Luhur Tbk in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. PT Dana Brata Luhur Tbk's value of 2.76 is 137.9% above this benchmark. Historically, PT Dana Brata Luhur Tbk's own Cyclically Adjusted PB Ratio has ranged from 1.88 to 4.04 over the past decade. While the company's 10-year median is 2.56 vs. the industry median of 1.16, PT Dana Brata Luhur 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 1.16, based on 1,240 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 Dana Brata Luhur Tbk's current Cyclically Adjusted PB Ratio of 2.76 is 137.9% 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 Dana Brata Luhur Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Dana Brata Luhur Tbk's current Cyclically Adjusted PB Ratio is 2.76, which is near median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Dana Brata Luhur Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Dana Brata Luhur Tbk (ISX:TEBE) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp593.01, compared to a current price of Rp1,660.00 — trading 179.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is near median its 10-year median of 2.56 and 137.9% above the Construction industry median of 1.16. PT Dana Brata Luhur Tbk's overall GF Score™ is 81/100 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 Dana Brata Luhur Tbk (ISX:TEBE), the current Cyclically Adjusted PB Ratio is 2.76 as of Sep. 06, 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 Dana Brata Luhur Tbk (ISX:TEBE) Overvalued in 2026?

Based on GuruFocus' analysis, PT Dana Brata Luhur Tbk stock appears to be overvalued. The current stock price of Rp1,660.00 is trading 179.9% above its estimated GF Value™ of Rp593.01. GuruFocus considers PT Dana Brata Luhur Tbk to be Significantly Overvalued.

Key valuation signals for ISX:TEBE:

  • Cyclically Adjusted PB Ratio: 2.76 (near median its 10-year median of 2.56)
  • GF Value™: Rp593.01 vs. price of Rp1,660.00 (179.9% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 137.9% above the Construction median (#956 of 1240)

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


PT Dana Brata Luhur Tbk Business Description

Address Lot 28, Jalan Jend. Sudirman Kav. 52 - 53, Suite H, Treasury Tower, 15th Floor, District 8, Kawasan SCBD, Jakarta Selatan, Jakarta, IDN, 12190
PT Dana Brata Luhur Tbk engages in capital participation in infrastructure companies. The company's operating in four segments which includes management fees, heavy equipment rental and mining support facilities; mining; and supply and services of ships, passengers, and goods. The company generates maximum revenue from the Mining support facilities and heavy equipment rental segment.
81GF Score

Get the complete analysis for ISX:TEBE

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

Rp1,660.00
Price
Rp593.01
GF Value