PT Ciputra Development Tbk (ISX:CTRA) Scaled Net Operating Assets: 0.56 (As of Mar. 2026)


ISX:CTRA PT Ciputra Development Tbk ISX:CTRA
67 GF Score
Price Rp575.00
GF Value Rp1,403.75
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Ciputra Development Tbk Scaled Net Operating Assets?

PT Ciputra Development Tbk ISX:CTRA +2.68% 67 Scaled Net Operating Assets is 0.56 as of Mar. 2026. GuruFocus rates ISX:CTRA with a GF Score™ of 67/100 and a GF Value™ of Rp1,403.75 (Possible Value Trap). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Ciputra Development Tbk's operating assets for the quarter that ended in Mar. 2026 was Rp37,553,465 Mil. PT Ciputra Development Tbk's operating liabilities for the quarter that ended in Mar. 2026 was Rp10,469,780 Mil. PT Ciputra Development Tbk's Total Assets for the quarter that ended in Dec. 2025 was Rp47,988,422 Mil. Therefore, PT Ciputra Development Tbk's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.56.


PT Ciputra Development Tbk Scaled Net Operating Assets Historical Data

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The historical data trend for PT Ciputra Development Tbk's Scaled Net Operating Assets 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 Ciputra Development Tbk Scaled Net Operating Assets Chart

PT Ciputra Development Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.51 0.48 0.51 0.56

PT Ciputra Development Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.50 0.50 0.52 0.57 0.56

PT Ciputra Development Tbk Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, PT Ciputra Development Tbk's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Ciputra Development Tbk Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Ciputra Development Tbk's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where PT Ciputra Development Tbk's Scaled Net Operating Assets falls into.


ISX:CTRA
67GF Score
PT Ciputra Development Tbk ISX:CTRA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Ciputra Development Tbk Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

PT Ciputra Development Tbk's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(37626075-11234840)/47022702
=0.56

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=47988422 - 10362347
=37626075

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=21069686 - 5795053 - 4039793
=11234840

PT Ciputra Development Tbk's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(37553465-10469780)/47988422
=0.56

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=45806210 - 8252745
=37553465

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=18341418 - 6090752 - 1780886
=10469780

* 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.

What does a Scaled Net Operating Assets of 0.56 mean?
PT Ciputra Development Tbk (ISX:CTRA) has a Scaled Net Operating Assets of 0.56 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Ciputra Development Tbk and its competitors.
Is PT Ciputra Development Tbk's Scaled Net Operating Assets too high?
PT Ciputra Development Tbk's current Scaled Net Operating Assets is 0.56. Overall, PT Ciputra Development Tbk has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Ciputra Development Tbk's Scaled Net Operating Assets compare to competitors?
PT Ciputra Development Tbk's Scaled Net Operating Assets of 0.56 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on PT Ciputra Development Tbk and its competitors. PT Ciputra Development Tbk's current Scaled Net Operating Assets is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ciputra Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ciputra Development Tbk (ISX:CTRA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,403.75, compared to a current price of Rp575.00 — trading 59% below its estimated fair value. The current Scaled Net Operating Assets is 0.56. PT Ciputra Development Tbk's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For PT Ciputra Development Tbk (ISX:CTRA), the current Scaled Net Operating Assets is 0.56 as of Mar. 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 Ciputra Development Tbk (ISX:CTRA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Ciputra Development Tbk stock appears to be undervalued. The current stock price of Rp575.00 is trading 59% below its estimated GF Value™ of Rp1,403.75. GuruFocus considers PT Ciputra Development Tbk to be Possible Value Trap.

Key valuation signals for ISX:CTRA:

  • Scaled Net Operating Assets: 0.56
  • GF Value™: Rp1,403.75 vs. price of Rp575.00 (59% below fair value)
  • GF Score™: 67/100 with 3 warning signs

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


PT Ciputra Development Tbk Business Description

Address Jalan Prof. Dr. Satrio Kav. 3-5, 39th Floor, Ciputra World 1, DBS Bank Tower, Jakarta, IDN, 12940
PT Ciputra Development Tbk is a property company in Indonesia. It targets the mid-high-income segment and has developed numerous projects across cities in Indonesia. The firm operates in two segments. Residential segment that derives the majority of revenue comprises the development of housing and other properties for sale, including land provision, integrated township development with supporting infrastructure and public facilities, and management of landed residential areas, as well as the sale of strata-title apartments and office spaces (high-rise developments). Commercial Property segment includes the development and management of shopping centers and commercial estates, hotels, leased apartments and office spaces, healthcare services, golf courses, and other recreational facilities.
67GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp575.00
Price
Rp1,403.75
GF Value