ALLOS (BSP:ALOS3) Cyclically Adjusted Book per Share: R$37.32 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

BSP:ALOS3 ALLOS SA BSP:ALOS3
84 GF Score
Price R$26.19
GF Value R$26.76
Valuation Fairly Valued
! 4 Warning Signs
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What is ALLOS Cyclically Adjusted Book per Share?

ALLOS BSP:ALOS3 -2.75% 84 Cyclically Adjusted Book per Share is R$37.32 as of Mar. 2026. GuruFocus rates BSP:ALOS3 with a GF Score™ of 84/100 and a GF Value™ of R$26.76 (Fairly Valued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

ALLOS's adjusted book value per share for the three months ended in Mar. 2026 was R$25.972. 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$37.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ALLOS's average Cyclically Adjusted Book Growth Rate was -2.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of ALLOS was 1.10% per year. The lowest was -2.30% per year. And the median was -0.50% per year.

As of today (2026-07-27), ALLOS's current stock price is R$26.19. ALLOS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$37.32. ALLOS's Cyclically Adjusted PB Ratio of today is 0.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ALLOS was 1.42. The lowest was 0.39. And the median was 0.60.


ALLOS  (BSP:ALOS3) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

ALLOS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.19/37.32
=0.70

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ALLOS was 1.42. The lowest was 0.39. And the median was 0.60.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


ALLOS Cyclically Adjusted Book per Share Related Terms


ALLOS Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for ALLOS's Cyclically Adjusted Book per Share 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.

ALLOS Cyclically Adjusted Book per Share Chart

ALLOS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.91 39.91 39.15 38.33 37.26

ALLOS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 38.45 38.13 37.68 37.26 37.32

BSP:ALOS3 vs CBRE, BEKE, JLL: Cyclically Adjusted Book per Share Comparison

For the Real Estate Services subindustry, ALLOS'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.


ALLOS Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, ALLOS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ALLOS's Cyclically Adjusted PB Ratio falls into.


BSP:ALOS3
84GF Score
ALLOS SA BSP:ALOS3
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ALLOS Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, ALLOS'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)
=25.972/175.0655*175.0655
=25.972

Current CPI (Mar. 2026) = 175.0655.

ALLOS Quarterly Data

Book Value per Share CPI Adj_Book
201606 31.898 108.851 51.302
201609 32.111 109.986 51.111
201612 32.407 110.802 51.203
201703 32.638 111.869 51.076
201706 33.353 112.115 52.080
201709 33.627 112.777 52.200
201712 33.826 114.068 51.914
201803 34.151 114.868 52.048
201806 34.635 117.038 51.807
201809 34.974 117.881 51.940
201812 33.418 118.340 49.437
201903 36.582 120.124 53.314
201906 36.619 120.977 52.991
201909 21.867 121.292 31.561
201912 24.245 123.436 34.386
202003 24.638 124.092 34.759
202006 24.785 123.557 35.117
202009 24.854 125.095 34.782
202012 24.707 129.012 33.527
202103 24.877 131.660 33.078
202106 25.011 133.871 32.707
202109 25.247 137.913 32.048
202112 25.450 141.992 31.378
202203 25.763 146.537 30.779
202206 25.295 149.784 29.565
202209 26.057 147.800 30.864
202212 25.611 150.207 29.850
202303 26.222 153.352 29.935
202306 26.002 154.519 29.460
202309 26.041 155.464 29.324
202312 25.310 157.148 28.196
202403 25.492 159.372 28.002
202406 26.243 161.052 28.527
202409 26.526 162.342 28.605
202412 26.376 164.740 28.029
202503 26.825 168.102 27.936
202506 26.914 169.670 27.770
202509 26.882 170.739 27.563
202512 26.336 171.765 26.842
202603 25.972 175.066 25.972

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of R$37.32 mean?
ALLOS (BSP:ALOS3) has a Cyclically Adjusted Book per Share of R$37.32 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on ALLOS and its competitors.
Is ALLOS's Cyclically Adjusted Book per Share too high?
ALLOS's current Cyclically Adjusted Book per Share is R$37.32. Overall, ALLOS has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ALLOS's Cyclically Adjusted Book per Share compare to CBRE and BEKE?
ALLOS's Cyclically Adjusted Book per Share of R$37.32 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 Cyclically Adjusted Book per Share for a Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on ALLOS and its competitors. ALLOS's current Cyclically Adjusted Book per Share is R$37.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALLOS stock overvalued right now?
Based on GuruFocus' analysis, ALLOS (BSP:ALOS3) is currently considered Fairly Valued. The stock's GF Value™ is R$26.76, compared to a current price of R$26.19 — trading 2.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is R$37.32. ALLOS's overall GF Score™ is 84/100 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 Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For ALLOS (BSP:ALOS3), the current Cyclically Adjusted Book per Share is R$37.32 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 ALLOS (BSP:ALOS3) Overvalued in 2026?

Based on GuruFocus' analysis, ALLOS stock appears to be undervalued. The current stock price of R$26.19 is trading 2.1% below its estimated GF Value™ of R$26.76. GuruFocus considers ALLOS to be Fairly Valued.

Key valuation signals for BSP:ALOS3:

  • Cyclically Adjusted Book per Share: R$37.32
  • GF Value™: R$26.76 vs. price of R$26.19 (2.1% below fair value)
  • GF Score™: 84/100 with 4 warning signs

No single metric tells the full story. See the BSP:ALOS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ALLOS Business Description

Address Avenida Afranio de Melo Franco, 290, 290 - 1st floor, Leblon, Rio de Janeiro, RJ, BRA
ALLOS SA Formerly Aliansce Sonae Shopping Centers SA is a full-service company engaged in investing, directly or indirectly in commercial centers, shopping malls, and similar ventures, and in other companies as a partner or stockholder, as well as rendering commercial advisory services, and management of shopping malls and condominiums. It has three operating segments; Rent refers to the operating leases of the shopping malls that include rent, assignment of the right of use, and transfer fee revenue, Parking lot refers to the operation of the parking lot of the shopping mall, and Rendering of services involves the trading, rental, and condominium management and development/planning services carried out in shopping malls owned by the Company and third parties.
84GF Score

Get the complete analysis for BSP:ALOS3

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

R$26.19
Price
R$26.76
GF Value