Grupo Argos (BOG:PFGRUPOARG) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.

BOG:PFGRUPOARG Grupo Argos SA BOG:PFGRUPOARG
33 GF Score
Price COP16,200.00
GF Value COP9,224.66
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Grupo Argos Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Argos  (BOG:PFGRUPOARG) 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.


Grupo Argos Cyclically Adjusted PB Ratio Related Terms


Grupo Argos Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Argos'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.

Grupo Argos Cyclically Adjusted PB Ratio Chart

Grupo Argos Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.10 0.13 0.23 0.35

Grupo Argos Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.25 0.28 0.35 0.35 0.33

BOG:PFGRUPOARG vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Grupo Argos'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.


Grupo Argos Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Grupo Argos's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOG:PFGRUPOARG
33GF Score
Grupo Argos SA BOG:PFGRUPOARG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo Argos 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.

Grupo Argos's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Grupo Argos'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)
=25951.724/333.9520*333.9520
=25,951.724

Current CPI (Jun. 2026) = 333.9520.

Grupo Argos Quarterly Data

Book Value per Share CPI Adj_Book
201609 241.428 0.000
201612 27,570.983 241.432 38,136.556
201703 26,989.276 243.801 36,969.179
201706 27,643.075 244.955 37,686.351
201709 27,852.344 246.819 37,684.886
201712 28,355.550 246.524 38,411.646
201803 27,523.959 249.554 36,832.434
201806 27,867.248 251.989 36,931.466
201809 28,323.822 252.439 37,469.634
201812 29,831.925 251.233 39,654.150
201903 29,098.410 254.202 38,227.363
201906 29,373.513 256.143 38,296.356
201909 31,069.294 256.759 40,410.084
201912 30,902.260 256.974 40,159.205
202003 32,463.720 258.115 42,001.915
202006 31,446.061 257.797 40,735.443
202009 32,443.028 260.280 41,625.995
202012 30,598.483 260.474 39,230.114
202103 31,260.514 264.877 39,412.675
202106 31,612.181 271.696 38,855.747
202109 31,998.155 274.310 38,955.371
202112 33,131.692 278.802 39,685.493
202203 32,267.319 287.504 37,480.298
202206 33,460.692 296.311 37,711.273
202209 35,128.752 296.808 39,524.935
202212 36,839.005 296.797 41,450.754
202303 36,151.424 301.836 39,998.013
202306 34,327.814 305.109 37,572.940
202309 33,865.237 307.789 36,743.885
202312 32,218.414 306.746 35,075.938
202403 36,142.159 312.332 38,643.963
202406 37,941.076 314.175 40,329.429
202409 37,938.116 315.301 40,182.269
202412 38,787.085 315.605 41,041.887
202503 38,879.404 319.799 40,600.048
202506 38,470.532 322.561 39,829.090
202509 24,431.371 324.800 25,119.782
202512 23,551.387 324.054 24,270.747
202603 26,646.115 330.213 26,947.829
202606 25,951.724 333.952 25,951.724

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.

Is Grupo Argos (BOG:PFGRUPOARG) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Argos stock appears to be overvalued. The current stock price of COP16,200.00 is trading 75.6% above its estimated GF Value™ of COP9,224.66. GuruFocus considers Grupo Argos to be Significantly Overvalued.

Key valuation signals for BOG:PFGRUPOARG:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: COP9,224.66 vs. price of COP16,200.00 (75.6% above fair value)
  • GF Score™: 33/100 with 9 warning signs

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


Grupo Argos Business Description

Other Exchanges GRUPOARGOS:Colombia
Address Carrera 43A, No. 1A Sur 143, Santillana Center - South Tower, Medellin, COL
Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America.
33GF Score

Get the complete analysis for BOG:PFGRUPOARG

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

COP16,200.00
Price
COP9,224.66
GF Value