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CIA Melhoramentos deo Paulo (BSP:MSPA4) Cyclically Adjusted PB Ratio : 0.24 (As of Jun. 08, 2024)


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What is CIA Melhoramentos deo Paulo Cyclically Adjusted PB Ratio?

As of today (2024-06-08), CIA Melhoramentos deo Paulo's current share price is R$37.00. CIA Melhoramentos deo Paulo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$153.03. CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio for today is 0.24.

The historical rank and industry rank for CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:MSPA4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.28   Max: 0.35
Current: 0.24

During the past years, CIA Melhoramentos deo Paulo's highest Cyclically Adjusted PB Ratio was 0.35. The lowest was 0.24. And the median was 0.28.

BSP:MSPA4's Cyclically Adjusted PB Ratio is not ranked
in the Forest Products industry.
Industry Median: 0.92 vs BSP:MSPA4: 0.24

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.

CIA Melhoramentos deo Paulo's adjusted book value per share data for the three months ended in Mar. 2024 was R$130.023. 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 R$153.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CIA Melhoramentos deo Paulo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CIA Melhoramentos deo Paulo'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.

* Premium members only.

CIA Melhoramentos deo Paulo Cyclically Adjusted PB Ratio Chart

CIA Melhoramentos deo Paulo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.29 0.27 0.28 0.26

CIA Melhoramentos deo Paulo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.26 0.26 0.26 0.26 0.24

Competitive Comparison of CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio

For the Lumber & Wood Production subindustry, CIA Melhoramentos deo Paulo'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.


CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio falls into.



CIA Melhoramentos deo Paulo 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.

CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.00/153.03
=0.24

* 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.

CIA Melhoramentos deo Paulo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CIA Melhoramentos deo Paulo's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=130.023/159.3724*159.3724
=130.023

Current CPI (Mar. 2024) = 159.3724.

CIA Melhoramentos deo Paulo Quarterly Data

Book Value per Share CPI Adj_Book
201406 119.623 91.838 207.590
201409 117.509 92.602 202.239
201412 128.066 94.194 216.683
201503 125.007 97.799 203.710
201506 122.652 100.006 195.461
201509 111.403 101.392 175.108
201512 111.221 104.247 170.034
201603 159.367 106.979 237.418
201606 156.416 108.851 229.015
201609 155.689 109.986 225.597
201612 139.833 110.802 201.129
201703 140.719 111.869 200.473
201706 147.002 112.115 208.965
201709 147.594 112.777 208.574
201712 145.654 114.068 203.504
201803 145.659 114.868 202.093
201806 145.093 117.038 197.576
201809 144.371 117.881 195.186
201812 163.330 118.340 219.961
201903 142.563 120.124 189.144
201906 141.680 120.977 186.645
201909 140.438 121.292 184.529
201912 137.924 123.436 178.078
202003 135.749 124.092 174.344
202006 133.014 123.557 171.571
202009 130.665 125.095 166.469
202012 129.206 129.012 159.612
202103 128.289 131.660 155.291
202106 127.104 133.871 151.317
202109 125.456 137.913 144.977
202112 128.573 141.992 144.310
202203 128.312 146.537 139.551
202206 126.063 149.784 134.133
202209 124.952 147.800 134.736
202212 128.946 150.207 136.814
202303 127.735 153.352 132.749
202306 128.816 154.519 132.862
202309 130.244 155.464 133.519
202312 131.067 157.148 132.922
202403 130.023 159.372 130.023

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.


CIA Melhoramentos deo Paulo  (BSP:MSPA4) 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.


CIA Melhoramentos deo Paulo Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of CIA Melhoramentos deo Paulo's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CIA Melhoramentos deo Paulo (BSP:MSPA4) Business Description

Traded in Other Exchanges
Address
Rua Tito 479, Sao Paulo, SP, BRA, 05051000
CIA Melhoramentos de Sao Paulo primarily engages in publishing business in Brazil. It offers paperback and digital books primarily for children, teenagers, and schools; cooking books; and customized books for companies. The company also engages in developing and maintaining forests; conducting reforestation activities of pines and eucalyptus; and urban, industrial, or infrastructure projects of real estate development. In addition, it is involved in the production of fibers, such as thermo ground wood, Bleached Thermo Ground Wood and Neolux Fibers, used as raw material for the production of paperboard, tissue and special papers.

CIA Melhoramentos deo Paulo (BSP:MSPA4) Headlines

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