Irani Papel E Embalagem (BSP:RANI3) Cyclically Adjusted Book per Share: R$4.70 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:RANI3 Irani Papel E Embalagem SA BSP:RANI3
77 GF Score
Price R$7.73
GF Value R$8.93
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Irani Papel E Embalagem Cyclically Adjusted Book per Share?

Irani Papel E Embalagem BSP:RANI3 -1.53% 77 Cyclically Adjusted Book per Share is R$4.70 as of Jun. 2026. GuruFocus rates BSP:RANI3 with a GF Score™ of 77/100 and a GF Value™ of R$8.93 (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.

Irani Papel E Embalagem's adjusted book value per share for the three months ended in Jun. 2026 was R$6.234. 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$4.70 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Irani Papel E Embalagem's average Cyclically Adjusted Book Growth Rate was 9.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% 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 Irani Papel E Embalagem was 6.10% per year. The lowest was 3.50% per year. And the median was 4.50% per year.

As of today (2026-08-16), Irani Papel E Embalagem's current stock price is R$7.73. Irani Papel E Embalagem's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$4.70. Irani Papel E Embalagem's Cyclically Adjusted PB Ratio of today is 1.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Irani Papel E Embalagem was 3.31. The lowest was 0.59. And the median was 1.81.


Irani Papel E Embalagem  (BSP:RANI3) 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.

Irani Papel E Embalagem's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.73/4.70
=1.64

* 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 Irani Papel E Embalagem was 3.31. The lowest was 0.59. And the median was 1.81.


Be Aware

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


Irani Papel E Embalagem Cyclically Adjusted Book per Share Related Terms


Irani Papel E Embalagem Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Irani Papel E Embalagem'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.

Irani Papel E Embalagem Cyclically Adjusted Book per Share Chart

Irani Papel E Embalagem 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 3.60 3.73 3.90 4.10 4.45

Irani Papel E Embalagem Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.29 4.37 4.45 4.59 4.70

BSP:RANI3 vs SW, PKG, IP: Cyclically Adjusted Book per Share Comparison

For the Packaging & Containers subindustry, Irani Papel E Embalagem'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.


Irani Papel E Embalagem Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Irani Papel E Embalagem's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Irani Papel E Embalagem's Cyclically Adjusted PB Ratio falls into.


BSP:RANI3
77GF Score
Irani Papel E Embalagem SA BSP:RANI3
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Irani Papel E Embalagem 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, Irani Papel E Embalagem'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)
=6.234/177.5443*177.5443
=6.234

Current CPI (Jun. 2026) = 177.5443.

Irani Papel E Embalagem Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.752 109.986 4.442
201612 2.715 110.802 4.350
201703 2.686 111.869 4.263
201706 2.653 112.115 4.201
201709 2.766 112.777 4.354
201712 2.093 114.068 3.258
201803 2.035 114.868 3.145
201806 1.862 117.038 2.825
201809 1.947 117.881 2.932
201812 1.870 118.340 2.806
201903 1.884 120.124 2.785
201906 1.856 120.977 2.724
201909 1.821 121.292 2.666
201912 2.047 123.436 2.944
202003 2.157 124.092 3.086
202006 2.250 123.557 3.233
202009 3.021 125.095 4.288
202012 3.062 129.012 4.214
202103 3.314 131.660 4.469
202106 3.433 133.871 4.553
202109 3.752 137.913 4.830
202112 3.764 141.992 4.706
202203 4.236 146.537 5.132
202206 4.172 149.784 4.945
202209 4.435 147.800 5.328
202212 4.650 150.207 5.496
202303 4.894 153.352 5.666
202306 5.342 154.519 6.138
202309 5.160 155.464 5.893
202312 5.115 157.148 5.779
202403 5.505 159.372 6.133
202406 5.230 161.052 5.766
202409 5.308 162.342 5.805
202412 5.852 164.740 6.307
202503 6.095 168.102 6.437
202506 6.155 169.670 6.441
202509 6.221 170.739 6.469
202512 6.299 171.765 6.511
202603 6.383 175.066 6.473
202606 6.234 177.544 6.234

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$4.70 mean?
Irani Papel E Embalagem (BSP:RANI3) has a Cyclically Adjusted Book per Share of R$4.70 as of Jun. 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 Irani Papel E Embalagem and its competitors.
Is Irani Papel E Embalagem's Cyclically Adjusted Book per Share too high?
Irani Papel E Embalagem's current Cyclically Adjusted Book per Share is R$4.70. Overall, Irani Papel E Embalagem has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Irani Papel E Embalagem's Cyclically Adjusted Book per Share compare to SW and PKG?
Irani Papel E Embalagem's Cyclically Adjusted Book per Share of R$4.70 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Cyclically Adjusted Book per Share depends on the Packaging & Containers 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 Irani Papel E Embalagem and its competitors. Irani Papel E Embalagem's current Cyclically Adjusted Book per Share is R$4.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Irani Papel E Embalagem stock overvalued right now?
Based on GuruFocus' analysis, Irani Papel E Embalagem (BSP:RANI3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$8.93, compared to a current price of R$7.73 — trading 13.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is R$4.70. Irani Papel E Embalagem's overall GF Score™ is 77/100 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 Irani Papel E Embalagem (BSP:RANI3), the current Cyclically Adjusted Book per Share is R$4.70 as of Jun. 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 Irani Papel E Embalagem (BSP:RANI3) Overvalued in 2026?

Based on GuruFocus' analysis, Irani Papel E Embalagem stock appears to be undervalued. The current stock price of R$7.73 is trading 13.4% below its estimated GF Value™ of R$8.93. GuruFocus considers Irani Papel E Embalagem to be Modestly Undervalued.

Key valuation signals for BSP:RANI3:

  • Cyclically Adjusted Book per Share: R$4.70
  • GF Value™: R$8.93 vs. price of R$7.73 (13.4% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the BSP:RANI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Irani Papel E Embalagem Business Description

Address Rua General Joao Manoel, 157, 9th Floor, Room 903, Porto Alegre, RS, BRA, 90010-030
Irani Papel E Embalagem SA is a paper packaging company. The company's reportable segments include corrugated cardboard (PO) packaging segment manufactures light and heavy corrugated cardboard boxes and sheets. Its packaging paper segment produces low and high-weight Kraft paper and recycled paper for the domestic and foreign markets. The RS forest and resins segment plants pine trees for their own consumption. It generates maximum revenue from the corrugated cardboard (PO) packaging segment.
77GF Score

Get the complete analysis for BSP:RANI3

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

R$7.73
Price
R$8.93
GF Value