Embraer (MEX:ERJN) Cyclically Adjusted Book per Share: MXN323.66 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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MEX:ERJN Embraer SA MEX:ERJN
64 GF Score
Price MXN1,262.19
GF Value MXN1,050.23
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Embraer Cyclically Adjusted Book per Share?

Embraer MEX:ERJN -1.78% 64 Cyclically Adjusted Book per Share is MXN323.66 as of Jun. 2026. GuruFocus rates MEX:ERJN with a GF Score™ of 64/100 and a GF Value™ of MXN1,050.23 (Modestly Overvalued). The stock has 3 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.

Embraer's adjusted book value per share for the three months ended in Jun. 2026 was MXN339.169. 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 MXN323.66 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Embraer's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Embraer was 14.60% per year. The lowest was 4.10% per year. And the median was 10.35% per year.

As of today (2026-08-29), Embraer's current stock price is MXN1262.19. Embraer's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN323.66. Embraer's Cyclically Adjusted PB Ratio of today is 3.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Embraer was 4.08. The lowest was 0.34. And the median was 1.21.


Embraer  (MEX:ERJN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1262.19/323.66
=3.90

* 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 Embraer was 4.08. The lowest was 0.34. And the median was 1.21.


Be Aware

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


Embraer Cyclically Adjusted Book per Share Related Terms


Embraer Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Embraer'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.

Embraer Cyclically Adjusted Book per Share Chart

Embraer 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 301.78 327.06 328.59 329.48 349.83

Embraer 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 351.66 355.75 349.83 407.68 323.66

MEX:ERJN vs SPCX, GE, RTX: Cyclically Adjusted Book per Share Comparison

For the Aerospace & Defense subindustry, Embraer'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.


Embraer Cyclically Adjusted PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Embraer's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:ERJN
64GF Score
Embraer SA MEX:ERJN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Embraer 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, Embraer'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)
=339.169/177.5443*177.5443
=339.169

Current CPI (Jun. 2026) = 177.5443.

Embraer Quarterly Data

Book Value per Share CPI Adj_Book
201609 388.388 109.986 626.953
201612 431.560 110.802 691.513
201703 400.039 111.869 634.891
201706 388.306 112.115 614.921
201709 402.252 112.777 633.262
201712 435.541 114.068 677.911
201803 403.551 114.868 623.743
201806 417.641 117.038 633.555
201809 394.312 117.881 593.884
201812 410.670 118.340 616.122
201903 397.740 120.124 587.865
201906 398.194 120.977 584.382
201909 397.479 121.292 581.819
201912 360.525 123.436 518.560
202003 406.346 124.092 581.381
202006 361.414 123.557 519.331
202009 336.173 125.095 477.122
202012 302.094 129.012 415.736
202103 299.046 131.660 403.264
202106 298.317 133.871 395.640
202109 301.677 137.913 388.369
202112 298.014 141.992 372.630
202203 287.101 146.537 347.851
202206 294.741 149.784 349.368
202209 269.681 147.800 323.954
202212 272.550 150.207 322.154
202303 247.275 153.352 286.284
202306 234.422 154.519 269.354
202309 241.625 155.464 275.943
202312 257.537 157.148 290.963
202403 251.847 159.372 280.563
202406 285.598 161.052 314.845
202409 335.980 162.342 367.441
202412 349.257 164.740 376.402
202503 355.792 168.102 375.778
202506 342.257 169.670 358.141
202509 371.786 170.739 386.604
202512 343.259 171.765 354.808
202603 333.704 175.066 338.429
202606 339.169 177.544 339.169

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 MXN323.66 mean?
Embraer (MEX:ERJN) has a Cyclically Adjusted Book per Share of MXN323.66 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 Embraer and its competitors.
Is Embraer's Cyclically Adjusted Book per Share too high?
Embraer's current Cyclically Adjusted Book per Share is MXN323.66. Overall, Embraer has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Embraer's Cyclically Adjusted Book per Share compare to SPCX and GE?
Embraer's Cyclically Adjusted Book per Share of MXN323.66 can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Cyclically Adjusted Book per Share depends on the Aerospace & Defense 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 Embraer and its competitors. Embraer's current Cyclically Adjusted Book per Share is MXN323.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Embraer stock overvalued right now?
Based on GuruFocus' analysis, Embraer (MEX:ERJN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN1,050.23, compared to a current price of MXN1,262.19 — trading 20.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN323.66. Embraer's overall GF Score™ is 64/100 with 3 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 Embraer (MEX:ERJN), the current Cyclically Adjusted Book per Share is MXN323.66 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 Embraer (MEX:ERJN) Overvalued in 2026?

Based on GuruFocus' analysis, Embraer stock appears to be overvalued. The current stock price of MXN1,262.19 is trading 20.2% above its estimated GF Value™ of MXN1,050.23. GuruFocus considers Embraer to be Modestly Overvalued.

Key valuation signals for MEX:ERJN:

  • Cyclically Adjusted Book per Share: MXN323.66
  • GF Value™: MXN1,050.23 vs. price of MXN1,262.19 (20.2% above fair value)
  • GF Score™: 64/100 with 3 warning signs

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


Embraer Business Description

Address Avenida Dra. Ruth Cardoso, 8501, 30th Floor, Eldorado Business Tower, Pinheiros, SP, BRA, 05425-070
Embraer SA based in Sao Paulo, Brazil, manufacturer of jets. Its focus is to achieve customer satisfaction with and services addressing the commercial airline, executive jets, and defense and security markets. It has developed a customer-centric technology-driven portfolio of commercial aviation products and services that allows it to build long-term relationships with clients in the commercial aviation, executive jets, and defense and security markets. It operates through the various segments namely Commercial Aviation, Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from the Commercial Aviation segment. Geographically, the company operates in Brazil, Europe, Asia Pacific, North America, and Others.
64GF Score

Get the complete analysis for MEX:ERJN

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

MXN1,262.19
Price
MXN1,050.23
GF Value