Dexco (BSP:DXCO3) Cyclically Adjusted Book per Share: R$7.66 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BSP:DXCO3 Dexco SA BSP:DXCO3
79 GF Score
Price R$5.09
GF Value R$7.15
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Dexco Cyclically Adjusted Book per Share?

Dexco BSP:DXCO3 -1.55% 79 Cyclically Adjusted Book per Share is R$7.66 as of Mar. 2026. GuruFocus rates BSP:DXCO3 with a GF Score™ of 79/100 and a GF Value™ of R$7.15 (Modestly Undervalued). The stock has 5 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.

Dexco's adjusted book value per share for the three months ended in Mar. 2026 was R$7.619. 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$7.66 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Dexco's average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% 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 Dexco was 5.40% per year. The lowest was 2.80% per year. And the median was 4.80% per year.

As of today (2026-07-18), Dexco's current stock price is R$5.09. Dexco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$7.66. Dexco's Cyclically Adjusted PB Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dexco was 2.79. The lowest was 0.59. And the median was 1.20.


Dexco  (BSP:DXCO3) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.09/7.66
=0.66

* 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 Dexco was 2.79. The lowest was 0.59. And the median was 1.20.


Be Aware

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


Dexco Cyclically Adjusted Book per Share Related Terms


Dexco Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Dexco'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.

Dexco Cyclically Adjusted Book per Share Chart

Dexco 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 6.70 6.94 7.11 7.32 7.53

Dexco 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 7.44 7.49 7.50 7.53 7.66

BSP:DXCO3 vs SSD, UFPI, BCC: Cyclically Adjusted Book per Share Comparison

For the Lumber & Wood Production subindustry, Dexco'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.


Dexco Cyclically Adjusted PB Ratio vs Forest Products Industry

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

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


BSP:DXCO3
79GF Score
Dexco SA BSP:DXCO3
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dexco 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, Dexco'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)
=7.619/175.0655*175.0655
=7.619

Current CPI (Mar. 2026) = 175.0655.

Dexco Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.859 108.851 7.815
201609 4.892 109.986 7.787
201612 4.892 110.802 7.729
201703 4.889 111.869 7.651
201706 4.921 112.115 7.684
201709 5.007 112.777 7.772
201712 5.048 114.068 7.747
201803 5.107 114.868 7.783
201806 5.347 117.038 7.998
201809 5.769 117.881 8.568
201812 4.959 118.340 7.336
201903 4.997 120.124 7.283
201906 5.059 120.977 7.321
201909 5.098 121.292 7.358
201912 5.275 123.436 7.481
202003 5.106 124.092 7.203
202006 5.049 123.557 7.154
202009 5.216 125.095 7.300
202012 5.542 129.012 7.520
202103 5.395 131.660 7.174
202106 6.070 133.871 7.938
202109 6.470 137.913 8.213
202112 6.168 141.992 7.605
202203 6.083 146.537 7.267
202206 6.345 149.784 7.416
202209 6.528 147.800 7.732
202212 6.490 150.207 7.564
202303 6.563 153.352 7.492
202306 6.666 154.519 7.552
202309 7.084 155.464 7.977
202312 7.075 157.148 7.882
202403 7.041 159.372 7.734
202406 7.261 161.052 7.893
202409 7.298 162.342 7.870
202412 7.706 164.740 8.189
202503 7.591 168.102 7.905
202506 7.499 169.670 7.737
202509 7.430 170.739 7.618
202512 7.543 171.765 7.688
202603 7.619 175.066 7.619

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$7.66 mean?
Dexco (BSP:DXCO3) has a Cyclically Adjusted Book per Share of R$7.66 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 Dexco and its competitors.
Is Dexco's Cyclically Adjusted Book per Share too high?
Dexco's current Cyclically Adjusted Book per Share is R$7.66. Overall, Dexco has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dexco's Cyclically Adjusted Book per Share compare to SSD and UFPI?
Dexco's Cyclically Adjusted Book per Share of R$7.66 can be compared against companies in the Forest Products 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 Forest Products company?
A good Cyclically Adjusted Book per Share depends on the Forest Products 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 Dexco and its competitors. Dexco's current Cyclically Adjusted Book per Share is R$7.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexco stock overvalued right now?
Based on GuruFocus' analysis, Dexco (BSP:DXCO3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$7.15, compared to a current price of R$5.09 — trading 28.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is R$7.66. Dexco's overall GF Score™ is 79/100 with 5 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 Dexco (BSP:DXCO3), the current Cyclically Adjusted Book per Share is R$7.66 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 Dexco (BSP:DXCO3) Overvalued in 2026?

Based on GuruFocus' analysis, Dexco stock appears to be undervalued. The current stock price of R$5.09 is trading 28.8% below its estimated GF Value™ of R$7.15. GuruFocus considers Dexco to be Modestly Undervalued.

Key valuation signals for BSP:DXCO3:

  • Cyclically Adjusted Book per Share: R$7.66
  • GF Value™: R$7.15 vs. price of R$5.09 (28.8% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the BSP:DXCO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dexco Business Description

Address Paulista Avenue, 1938, 5th floor, Sao Paulo, SP, BRA, 01310-942
Dexco SA is engaged in the production of wooden panels, vitreous chinaware, metal bathroom fittings and showers, and ceramic and cement floors. Its segments are: The Wood segment operates four industrial units in Brazil and three in Colombia producing MDP panels (medium density panels), MDF and HDF panels (medium and high fiber density panels), under the Duratex brand, the Durafloor brand for laminates and semi-finished components for furniture; The Deca segment operates in Brazil, producing vitreous chinaware, metal fittings, and showers, under the brands Deca, Hydra, Belize and Elizabeth; the Ceramic Tile segment operates four industrial plants in Brazil, producing ceramic tiles, under the Ceusa, Portinari, and Castelatto brands; and Soluble Cellulose Segment.
79GF Score

Get the complete analysis for BSP:DXCO3

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

R$5.09
Price
R$7.15
GF Value