PT Surya Toto Indonesia Tbk (ISX:TOTO) Cyclically Adjusted PB Ratio: 1.01 (As of Aug. 15, 2026) — 10% Below Median

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ISX:TOTO PT Surya Toto Indonesia Tbk ISX:TOTO
88 GF Score
Price Rp234.00
GF Value Rp230.13
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is PT Surya Toto Indonesia Tbk Cyclically Adjusted PB Ratio?

PT Surya Toto Indonesia Tbk ISX:TOTO +0.86% 88 Cyclically Adjusted PB Ratio is 1.01 as of Aug. 15, 2026, which is 10% below its 10-year median of 1.12. GuruFocus rates ISX:TOTO with a GF Score™ of 88/100 and a GF Value™ of Rp230.13 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,329 Construction companies, PT Surya Toto Indonesia Tbk ranks better than 55.68% on this metric.

As of today (2026-08-15), PT Surya Toto Indonesia Tbk's current share price is Rp234.00. PT Surya Toto Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was Rp230.97. PT Surya Toto Indonesia Tbk's Cyclically Adjusted PB Ratio for today is 1.01.

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

ISX:TOTO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.12   Max: 1.31
Current: 1.01

During the past years, PT Surya Toto Indonesia Tbk's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.98. And the median was 1.12.

ISX:TOTO's Cyclically Adjusted PB Ratio is ranked better than
55.68% of 1329 companies
in the Construction industry
Industry Median: 1.14 vs ISX:TOTO: 1.01

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 Toto Indonesia Tbk's adjusted book value per share data for the three months ended in Jun. 2026 was Rp244.409. 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 Rp230.97 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PT Surya Toto Indonesia Tbk  (ISX:TOTO) 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 Toto Indonesia Tbk Cyclically Adjusted PB Ratio Related Terms


PT Surya Toto Indonesia Tbk Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PT Surya Toto Indonesia 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 Toto Indonesia Tbk Cyclically Adjusted PB Ratio Chart

PT Surya Toto Indonesia 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 1.12 1.04 1.21

PT Surya Toto Indonesia 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 1.03 1.18 1.21 1.20 1.00

ISX:TOTO vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, PT Surya Toto Indonesia 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 Toto Indonesia Tbk Cyclically Adjusted PB Ratio vs Construction Industry

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

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


ISX:TOTO
88GF Score
PT Surya Toto Indonesia Tbk ISX:TOTO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Surya Toto Indonesia 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 Toto Indonesia Tbk's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=234.00/230.97
=1.01

* 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 Toto Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PT Surya Toto Indonesia 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)
=244.409/137.6954*137.6954
=244.409

Current CPI (Jun. 2026) = 137.6954.

PT Surya Toto Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201609 152.684 104.142 201.876
201612 147.662 105.222 193.233
201703 159.286 106.476 205.990
201706 155.193 107.722 198.376
201709 162.926 108.020 207.684
201712 164.127 109.017 207.303
201803 172.207 110.097 215.376
201806 176.321 111.085 218.559
201809 184.656 111.135 228.788
201812 186.965 112.430 228.980
201903 190.954 112.829 233.039
201906 185.085 114.730 222.133
201909 187.137 114.905 224.255
201912 186.460 115.486 222.319
202003 192.063 116.252 227.490
202006 194.382 116.630 229.491
202009 187.267 116.397 221.534
202012 196.757 117.318 230.932
202103 187.579 117.840 219.185
202106 183.735 118.184 214.069
202109 186.718 118.262 217.401
202112 206.186 119.516 237.548
202203 205.960 120.948 234.478
202206 205.198 123.322 229.113
202209 212.034 125.298 233.013
202212 223.136 126.098 243.659
202303 230.462 126.953 249.964
202306 225.298 127.663 243.003
202309 230.909 128.151 248.106
202312 227.849 129.395 242.466
202403 233.550 130.607 246.225
202406 229.246 130.792 241.347
202409 238.069 130.361 251.463
202412 238.551 131.432 249.920
202503 246.874 131.948 257.627
202506 242.937 133.241 251.059
202509 251.493 133.819 258.778
202512 248.884 135.271 253.344
202603 253.280 136.539 255.426
202606 244.409 137.695 244.409

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 1.01 mean?
PT Surya Toto Indonesia Tbk (ISX:TOTO) has a Cyclically Adjusted PB Ratio of 1.01 as of Aug. 15, 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 Toto Indonesia Tbk and its competitors. This is 10% below median its historical median of 1.12. Over the past decade, PT Surya Toto Indonesia Tbk's Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.31. According to the industry distribution chart, PT Surya Toto Indonesia Tbk ranks #589 out of 1329 companies in the Construction industry, placing it in the top 44.3%.
Is PT Surya Toto Indonesia Tbk's Cyclically Adjusted PB Ratio too high?
PT Surya Toto Indonesia Tbk's current Cyclically Adjusted PB Ratio of 1.01 is 10% below median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.31. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. PT Surya Toto Indonesia Tbk's value of 1.01 is 11.4% below this industry median. Based on the distribution chart, PT Surya Toto Indonesia Tbk ranks #589 out of 1329 companies in the Construction industry, which is above the industry midpoint. Overall, PT Surya Toto Indonesia Tbk has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Surya Toto Indonesia Tbk's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, PT Surya Toto Indonesia Tbk ranks #589 out of 1329 companies for Cyclically Adjusted PB Ratio. This puts PT Surya Toto Indonesia Tbk in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. PT Surya Toto Indonesia Tbk's value of 1.01 is 11.4% below this benchmark. Historically, PT Surya Toto Indonesia Tbk's own Cyclically Adjusted PB Ratio has ranged from 0.98 to 1.31 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 1.14, PT Surya Toto Indonesia Tbk has consistently been below 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 1.14, based on 1,329 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 Toto Indonesia Tbk's current Cyclically Adjusted PB Ratio of 1.01 is 11.4% below 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 Toto Indonesia Tbk and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Surya Toto Indonesia Tbk's current Cyclically Adjusted PB Ratio is 1.01, which is 10% below median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Toto Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Toto Indonesia Tbk (ISX:TOTO) is currently considered Fairly Valued. The stock's GF Value™ is Rp230.13, compared to a current price of Rp234.00 — trading 1.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.01, which is 10% below median its 10-year median of 1.12 and 11.4% below the Construction industry median of 1.14. PT Surya Toto Indonesia Tbk's overall GF Score™ is 88/100 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 Surya Toto Indonesia Tbk (ISX:TOTO), the current Cyclically Adjusted PB Ratio is 1.01 as of Aug. 15, 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 Toto Indonesia Tbk (ISX:TOTO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Surya Toto Indonesia Tbk stock appears to be overvalued. The current stock price of Rp234.00 is trading 1.7% above its estimated GF Value™ of Rp230.13. GuruFocus considers PT Surya Toto Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:TOTO:

  • Cyclically Adjusted PB Ratio: 1.01 (10% below median its 10-year median of 1.12)
  • GF Value™: Rp230.13 vs. price of Rp234.00 (1.7% above fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 11.4% below the Construction median (#589 of 1329)

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


PT Surya Toto Indonesia Tbk Business Description

Address Jalan Letjen S. Parman Kav. 81, Jakarta, IDN, 11420
PT Surya Toto Indonesia Tbk is an Indonesia-based company engaged in the manufacturing and sale of sanitary ware, fittings, kitchen systems, and other related activities. Its product offerings include closets, washbasins, faucets, showers, kitchen systems, wardrobes, and other related products, marketed under the TOTO brand. The company's operating segments are based on its product categories and include Sanitary, which derives maximum revenue, Fittings, Kitchen systems, and Electrical appliances and accessories. Geographically, it generates maximum revenue from the domestic market and also exports its products to other countries.
88GF Score

Get the complete analysis for ISX:TOTO

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

Rp234.00
Price
Rp230.13
GF Value