Alupar Investimento (BSP:ALUP11) Cyclically Adjusted PB Ratio: (As of Sep. 11, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:ALUP11 Alupar Investimento SA BSP:ALUP11
64 GF Score
Price R$33.99
! 2 Warning Signs
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What is Alupar Investimento Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alupar Investimento  (BSP:ALUP11) 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.


Alupar Investimento Cyclically Adjusted PB Ratio Related Terms


Alupar Investimento Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Alupar Investimento'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.

Alupar Investimento Cyclically Adjusted PB Ratio Chart

Alupar Investimento 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 1.14 1.39 1.54 1.27 1.60

Alupar Investimento 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 1.54 1.57 1.60 1.72 1.46

Alupar Investimento Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Alupar Investimento'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.


Alupar Investimento Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alupar Investimento's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:ALUP11
64GF Score
Alupar Investimento SA BSP:ALUP11
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Alupar Investimento 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.

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

For example, Alupar Investimento'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)
=10.966/177.5443*177.5443
=10.966

Current CPI (Jun. 2026) = 177.5443.

Alupar Investimento Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.913 109.986 6.317
201612 3.861 110.802 6.187
201703 3.941 111.869 6.255
201706 4.363 112.115 6.909
201709 4.485 112.777 7.061
201712 4.418 114.068 6.877
201803 4.492 114.868 6.943
201806 4.608 117.038 6.990
201809 4.732 117.881 7.127
201812 4.923 118.340 7.386
201903 5.381 120.124 7.953
201906 5.507 120.977 8.082
201909 5.761 121.292 8.433
201912 5.690 123.436 8.184
202003 5.922 124.092 8.473
202006 6.042 123.557 8.682
202009 6.258 125.095 8.882
202012 6.541 129.012 9.002
202103 6.929 131.660 9.344
202106 7.249 133.871 9.614
202109 7.512 137.913 9.671
202112 7.452 141.992 9.318
202203 8.058 146.537 9.763
202206 8.284 149.784 9.819
202209 8.177 147.800 9.823
202212 7.915 150.207 9.356
202303 8.171 153.352 9.460
202306 8.491 154.519 9.756
202309 8.579 155.464 9.797
202312 8.367 157.148 9.453
202403 8.670 159.372 9.659
202406 8.889 161.052 9.799
202409 9.230 162.342 10.094
202412 9.373 164.740 10.101
202503 9.690 168.102 10.234
202506 9.749 169.670 10.201
202509 10.237 170.739 10.645
202512 10.424 171.765 10.775
202603 10.564 175.066 10.714
202606 10.966 177.544 10.966

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.


Alupar Investimento Business Description

Other Exchanges ALUP4:BrazilALUP3:Brazil
Address Rua Gomes de, Carvalho, 1996, 16 floor, Suite 161, Room A, Sao Paulo, SP, BRA, 4547-006
Alupar Investimento SA is an investment in other entities operating in the energy and infrastructure industries, in Brazil and abroad. It has two segments Transmission segment and the Generation segment. Its sources of revenue include energy transmission revenue, infrastructure revenue, revenue from the remuneration of concession assets, and revenue from energy supply. The majority of revenue comes from the remuneration of concession assets. It generates the vast majority of its revenue in Brazil.
64GF Score

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

R$33.99
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