BOLSY (B3 - Brasil Bolsa Balcao) Cyclically Adjusted PB Ratio: 3.20 (As of Jul. 15, 2026) — 19% Above Median

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BOLSY B3 SA - Brasil Bolsa Balcao BOLSY
89 GF Score
Price $9.30
GF Value $9.86
Valuation Fairly Valued
! 7 Warning Signs
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What is B3 - Brasil Bolsa Balcao Cyclically Adjusted PB Ratio?

B3 - Brasil Bolsa Balcao BOLSY +3.33% 89 Cyclically Adjusted PB Ratio is 3.20 as of Jul. 15, 2026, which is 19% above its 10-year median of 2.70. GuruFocus rates BOLSY with a GF Score™ of 89/100 and a GF Value™ of $9.86 (Fairly Valued). The stock has 7 warning signs investors should review. Among 637 Capital Markets companies, B3 - Brasil Bolsa Balcao ranks worse than 74.88% on this metric.

As of today (2026-07-15), B3 - Brasil Bolsa Balcao's current share price is $9.30. B3 - Brasil Bolsa Balcao's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $2.91. B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio for today is 3.20.

The historical rank and industry rank for B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio or its related term are showing as below:

BOLSY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.75   Med: 2.7   Max: 4.77
Current: 3.11

During the past years, B3 - Brasil Bolsa Balcao's highest Cyclically Adjusted PB Ratio was 4.77. The lowest was 1.75. And the median was 2.70.

BOLSY's Cyclically Adjusted PB Ratio is ranked worse than
74.88% of 637 companies
in the Capital Markets industry
Industry Median: 1.35 vs BOLSY: 3.11

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.

B3 - Brasil Bolsa Balcao's adjusted book value per share data for the three months ended in Mar. 2026 was $2.090. 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 $2.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


B3 - Brasil Bolsa Balcao  (OTCPK:BOLSY) 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.


B3 - Brasil Bolsa Balcao Cyclically Adjusted PB Ratio Related Terms


B3 - Brasil Bolsa Balcao Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for B3 - Brasil Bolsa Balcao'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.

B3 - Brasil Bolsa Balcao Cyclically Adjusted PB Ratio Chart

B3 - Brasil Bolsa Balcao 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 2.26 2.65 2.93 2.09 2.82

B3 - Brasil Bolsa Balcao Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.44 2.93 2.71 2.82 3.71

BOLSY vs SPGI, CME, MCO: Cyclically Adjusted PB Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, B3 - Brasil Bolsa Balcao'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.


B3 - Brasil Bolsa Balcao Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio falls into.


BOLSY
89GF Score
B3 SA - Brasil Bolsa Balcao BOLSY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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B3 - Brasil Bolsa Balcao 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.

B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.30/2.91
=3.20

* 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.

B3 - Brasil Bolsa Balcao's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, B3 - Brasil Bolsa Balcao'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)
=2.09/175.0655*175.0655
=2.090

Current CPI (Mar. 2026) = 175.0655.

B3 - Brasil Bolsa Balcao Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.026 108.851 4.867
201609 3.200 109.986 5.093
201612 3.180 110.802 5.024
201703 3.785 111.869 5.923
201706 3.597 112.115 5.617
201709 3.830 112.777 5.945
201712 3.617 114.068 5.551
201803 3.679 114.868 5.607
201806 3.211 117.038 4.803
201809 2.964 117.881 4.402
201812 3.153 118.340 4.664
201903 3.215 120.124 4.685
201906 3.209 120.977 4.644
201909 3.009 121.292 4.343
201912 3.023 123.436 4.287
202003 2.492 124.092 3.516
202006 2.409 123.557 3.413
202009 2.265 125.095 3.170
202012 2.342 129.012 3.178
202103 2.127 131.660 2.828
202106 2.241 133.871 2.931
202109 2.113 137.913 2.682
202112 1.957 141.992 2.413
202203 2.188 146.537 2.614
202206 2.077 149.784 2.428
202209 1.999 147.800 2.368
202212 2.004 150.207 2.336
202303 2.057 153.352 2.348
202306 2.225 154.519 2.521
202309 2.174 155.464 2.448
202312 2.212 157.148 2.464
202403 2.149 159.372 2.361
202406 1.950 161.052 2.120
202409 1.923 162.342 2.074
202412 1.716 164.740 1.824
202503 1.879 168.102 1.957
202506 2.054 169.670 2.119
202509 2.157 170.739 2.212
202512 1.905 171.765 1.942
202603 2.090 175.066 2.090

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.

What does a Cyclically Adjusted PB Ratio of 3.20 mean?
B3 - Brasil Bolsa Balcao (BOLSY) has a Cyclically Adjusted PB Ratio of 3.20 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on B3 - Brasil Bolsa Balcao and its competitors. This is 19% above median its historical median of 2.70. Over the past decade, B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio has ranged from 1.75 to 4.77. According to the industry distribution chart, B3 - Brasil Bolsa Balcao ranks #477 out of 637 companies in the Capital Markets industry, placing it in the top 74.9%.
Is B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio too high?
B3 - Brasil Bolsa Balcao's current Cyclically Adjusted PB Ratio of 3.20 is 19% above median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 4.77. The Capital Markets industry median Cyclically Adjusted PB Ratio is 1.35. B3 - Brasil Bolsa Balcao's value of 3.20 is 137% above this industry median. Based on the distribution chart, B3 - Brasil Bolsa Balcao ranks #477 out of 637 companies in the Capital Markets industry, which is below the industry midpoint. Overall, B3 - Brasil Bolsa Balcao has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B3 - Brasil Bolsa Balcao's Cyclically Adjusted PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, B3 - Brasil Bolsa Balcao ranks #477 out of 637 companies for Cyclically Adjusted PB Ratio. This places B3 - Brasil Bolsa Balcao in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.35. B3 - Brasil Bolsa Balcao's value of 3.20 is 137% above this benchmark. Historically, B3 - Brasil Bolsa Balcao's own Cyclically Adjusted PB Ratio has ranged from 1.75 to 4.77 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 1.35, B3 - Brasil Bolsa Balcao has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Capital Markets company?
The median Cyclically Adjusted PB Ratio among Capital Markets companies is 1.35, based on 637 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. B3 - Brasil Bolsa Balcao's current Cyclically Adjusted PB Ratio of 3.20 is 137% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on B3 - Brasil Bolsa Balcao and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B3 - Brasil Bolsa Balcao's current Cyclically Adjusted PB Ratio is 3.20, which is 19% above median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B3 - Brasil Bolsa Balcao stock overvalued right now?
Based on GuruFocus' analysis, B3 - Brasil Bolsa Balcao (BOLSY) is currently considered Fairly Valued. The stock's GF Value™ is $9.86, compared to a current price of $9.30 — trading 5.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.20, which is 19% above median its 10-year median of 2.70 and 137% above the Capital Markets industry median of 1.35. B3 - Brasil Bolsa Balcao's overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For B3 - Brasil Bolsa Balcao (BOLSY), the current Cyclically Adjusted PB Ratio is 3.20 as of Jul. 15, 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 B3 - Brasil Bolsa Balcao (BOLSY) Overvalued in 2026?

Based on GuruFocus' analysis, B3 - Brasil Bolsa Balcao stock appears to be undervalued. The current stock price of $9.30 is trading 5.7% below its estimated GF Value™ of $9.86. GuruFocus considers B3 - Brasil Bolsa Balcao to be Fairly Valued.

Key valuation signals for BOLSY:

  • Cyclically Adjusted PB Ratio: 3.20 (19% above median its 10-year median of 2.70)
  • GF Value™: $9.86 vs. price of $9.30 (5.7% below fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 137% above the Capital Markets median (#477 of 637)

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


B3 - Brasil Bolsa Balcao Business Description

Other Exchanges YBV0:GermanyB3SA3:Brazil
Address Praca Antonio Prado, 48, Centro, Sao Paulo, SP, BRA, 01010-901
B3 SA - Brasil Bolsa Balcao is a financial market exchange. Its services consist of trading, clearing, and other post-trade services. The company's activities are carried out through its trading systems and clearinghouses and include transactions with securities, interbank foreign exchange, and securities under custody in the special system for settlement and custody. The company's segment involves: Markets, Data Analytics Solutions (Trillia), Capital Market Solutions and Technology & Platforms . It derives maximum revenue from the Technology & Platforms Segment.
89GF Score

Get the complete analysis for BOLSY

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

$9.30
Price
$9.86
GF Value