Brasilagro - Cia Bras de Prop Agricolas (BSP:AGRO3) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.
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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:AGRO3 Brasilagro - Cia Bras de Prop Agricolas BSP:AGRO3
63 GF Score
Price R$18.25
GF Value R$26.99
Valuation Possible Value Trap
! 5 Warning Signs
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What is Brasilagro - Cia Bras de Prop Agricolas Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Brasilagro - Cia Bras de Prop Agricolas  (BSP:AGRO3) 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.


Brasilagro - Cia Bras de Prop Agricolas Cyclically Adjusted PB Ratio Related Terms


Brasilagro - Cia Bras de Prop Agricolas Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Brasilagro - Cia Bras de Prop Agricolas'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.

Brasilagro - Cia Bras de Prop Agricolas Cyclically Adjusted PB Ratio Chart

Brasilagro - Cia Bras de Prop Agricolas Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.19 1.17 0.86 0.76

Brasilagro - Cia Bras de Prop Agricolas 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 0.85 0.87 0.85 0.90 0.75

BSP:AGRO3 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Brasilagro - Cia Bras de Prop Agricolas'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.


Brasilagro - Cia Bras de Prop Agricolas Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Brasilagro - Cia Bras de Prop Agricolas's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Brasilagro - Cia Bras de Prop Agricolas's Cyclically Adjusted PB Ratio falls into.


BSP:AGRO3
63GF Score
Brasilagro - Cia Bras de Prop Agricolas BSP:AGRO3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brasilagro - Cia Bras de Prop Agricolas 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.

Brasilagro - Cia Bras de Prop Agricolas's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Brasilagro - Cia Bras de Prop Agricolas'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)
=20.331/177.5443*177.5443
=20.331

Current CPI (Jun. 2026) = 177.5443.

Brasilagro - Cia Bras de Prop Agricolas Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.600 109.986 20.339
201612 12.060 110.802 19.324
201703 12.088 111.869 19.185
201706 12.445 112.115 19.708
201709 12.715 112.777 20.017
201712 12.895 114.068 20.071
201803 13.326 114.868 20.597
201806 14.049 117.038 21.312
201809 16.731 117.881 25.199
201812 16.409 118.340 24.618
201903 16.512 120.124 24.405
201906 16.366 120.977 24.018
201909 17.450 121.292 25.543
201912 17.478 123.436 25.139
202003 18.595 124.092 26.605
202006 18.900 123.557 27.158
202009 20.298 125.095 28.808
202012 19.480 129.012 26.808
202103 21.940 131.660 29.586
202106 22.004 133.871 29.183
202109 23.439 137.913 30.175
202112 24.714 141.992 30.902
202203 24.895 146.537 30.163
202206 22.420 149.784 26.575
202209 23.016 147.800 27.648
202212 20.760 150.207 24.538
202303 20.626 153.352 23.880
202306 22.237 154.519 25.551
202309 22.596 155.464 25.805
202312 19.837 157.148 22.412
202403 19.650 159.372 21.891
202406 21.881 161.052 24.122
202409 22.785 162.342 24.919
202412 22.112 164.740 23.831
202503 21.783 168.102 23.007
202506 21.861 169.670 22.876
202509 21.116 170.739 21.958
202512 20.861 171.765 21.563
202603 20.489 175.066 20.779
202606 20.331 177.544 20.331

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 Brasilagro - Cia Bras de Prop Agricolas (BSP:AGRO3) Overvalued in 2026?

Based on GuruFocus' analysis, Brasilagro - Cia Bras de Prop Agricolas stock appears to be undervalued. The current stock price of R$18.25 is trading 32.4% below its estimated GF Value™ of R$26.99. GuruFocus considers Brasilagro - Cia Bras de Prop Agricolas to be Possible Value Trap.

Key valuation signals for BSP:AGRO3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$26.99 vs. price of R$18.25 (32.4% below fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the BSP:AGRO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brasilagro - Cia Bras de Prop Agricolas Business Description

Other Exchanges LND:USA52BA:Germany
Address Avenida. Reboucas, 2942, 6th floor, Sao Paulo, SP, BRA, 05402-500
Brasilagro - Cia Bras de Prop Agricolas is a Brazil-based company, engaged in the acquisition, development, operation, and sale of rural properties suitable for agricultural activities. The business activity of the firm is operated through Real estate, Grains, Sugarcane, Cattle rising, Cotton, and Other segments. The Grains segment is involved in the production and sale of soybean and corn. The Sugarcane segment includes the sale of raw product. The Real Estate segment presents the P&L from operations carried out in the company's subsidiaries. The Cattle Raising segment consists of producing and selling beef calves after weaning, which characterizes the activity as breeding and the Other segment engages in other corporate activities. The majority of revenue is earned from Grain Segment.
63GF Score

Get the complete analysis for BSP:AGRO3

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

R$18.25
Price
R$26.99
GF Value