Minerva (BSP:BEEF3) Cyclically Adjusted PB Ratio: 6.33 (As of Jul. 23, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:BEEF3 Minerva SA BSP:BEEF3
72 GF Score
Price R$3.61
GF Value R$5.62
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Minerva Cyclically Adjusted PB Ratio?

Minerva BSP:BEEF3 +2.56% 72 Cyclically Adjusted PB Ratio is 6.33 as of Jul. 23, 2026, which is 2% above its 10-year median of 6.18. GuruFocus rates BSP:BEEF3 with a GF Score™ of 72/100 and a GF Value™ of R$5.62 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,438 Consumer Packaged Goods companies, Minerva ranks worse than 92.14% on this metric.

As of today (2026-07-23), Minerva's current share price is R$3.61. Minerva's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$0.57. Minerva's Cyclically Adjusted PB Ratio for today is 6.33.

The historical rank and industry rank for Minerva's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:BEEF3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.12   Med: 6.18   Max: 18.24
Current: 6.35

During the past years, Minerva's highest Cyclically Adjusted PB Ratio was 18.24. The lowest was 1.12. And the median was 6.18.

BSP:BEEF3's Cyclically Adjusted PB Ratio is ranked worse than
92.14% of 1438 companies
in the Consumer Packaged Goods industry
Industry Median: 1.265 vs BSP:BEEF3: 6.35

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.

Minerva's adjusted book value per share data for the three months ended in Mar. 2026 was R$1.276. 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 R$0.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Minerva  (BSP:BEEF3) 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.


Minerva Cyclically Adjusted PB Ratio Related Terms


Minerva Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Minerva'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.

Minerva Cyclically Adjusted PB Ratio Chart

Minerva 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 5.00 8.84 8.18 11.48 9.43

Minerva 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 14.63 12.94 13.42 9.43 7.47

BSP:BEEF3 vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Minerva'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.


Minerva Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minerva's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:BEEF3
72GF Score
Minerva SA BSP:BEEF3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Minerva 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.

Minerva's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.61/0.57
=6.33

* 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.

Minerva's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Minerva'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)
=1.276/175.0655*175.0655
=1.276

Current CPI (Mar. 2026) = 175.0655.

Minerva Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.222 108.851 3.574
201609 2.326 109.986 3.702
201612 1.924 110.802 3.040
201703 1.622 111.869 2.538
201706 1.334 112.115 2.083
201709 1.549 112.777 2.405
201712 0.280 114.068 0.430
201803 -0.252 114.868 -0.384
201806 -4.248 117.038 -6.354
201809 -5.403 117.881 -8.024
201812 -0.703 118.340 -1.040
201903 -0.872 120.124 -1.271
201906 -0.911 120.977 -1.318
201909 -1.788 121.292 -2.581
201912 -0.512 123.436 -0.726
202003 1.064 124.092 1.501
202006 1.536 123.557 2.176
202009 1.979 125.095 2.770
202012 1.364 129.012 1.851
202103 1.643 131.660 2.185
202106 0.685 133.871 0.896
202109 0.783 137.913 0.994
202112 0.992 141.992 1.223
202203 0.712 146.537 0.851
202206 1.023 149.784 1.196
202209 0.943 147.800 1.117
202212 0.767 150.207 0.894
202303 0.808 153.352 0.922
202306 0.618 154.519 0.700
202309 0.947 155.464 1.066
202312 0.263 157.148 0.293
202403 0.033 159.372 0.036
202406 1.010 161.052 1.098
202409 1.120 162.342 1.208
202412 -0.720 164.740 -0.765
202503 -0.979 168.102 -1.020
202506 1.464 169.670 1.511
202509 1.311 170.739 1.344
202512 1.330 171.765 1.356
202603 1.276 175.066 1.276

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 6.33 mean?
Minerva (BSP:BEEF3) has a Cyclically Adjusted PB Ratio of 6.33 as of Jul. 23, 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 Minerva and its competitors. This is near median its historical median of 6.18. Over the past decade, Minerva's Cyclically Adjusted PB Ratio has ranged from 1.12 to 18.24. According to the industry distribution chart, Minerva ranks #1325 out of 1438 companies in the Consumer Packaged Goods industry, placing it in the top 92.1%.
Is Minerva's Cyclically Adjusted PB Ratio too high?
Minerva's current Cyclically Adjusted PB Ratio of 6.33 is near median its 10-year median of 6.18. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 18.24. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Minerva's value of 6.33 is 400.4% above this industry median. Based on the distribution chart, Minerva ranks #1325 out of 1438 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Minerva has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Minerva's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Minerva ranks #1325 out of 1438 companies for Cyclically Adjusted PB Ratio. This places Minerva in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Minerva's value of 6.33 is 400.4% above this benchmark. Historically, Minerva's own Cyclically Adjusted PB Ratio has ranged from 1.12 to 18.24 over the past decade. While the company's 10-year median is 6.18 vs. the industry median of 1.27, Minerva 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,438 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. Minerva's current Cyclically Adjusted PB Ratio of 6.33 is 400.4% 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 Minerva and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Minerva's current Cyclically Adjusted PB Ratio is 6.33, which is near median its own 10-year median of 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerva stock overvalued right now?
Based on GuruFocus' analysis, Minerva (BSP:BEEF3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$5.62, compared to a current price of R$3.61 — trading 35.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.33, which is near median its 10-year median of 6.18 and 400.4% above the Consumer Packaged Goods industry median of 1.27. Minerva's overall GF Score™ is 72/100 with 5 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 Minerva (BSP:BEEF3), the current Cyclically Adjusted PB Ratio is 6.33 as of Jul. 23, 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 Minerva (BSP:BEEF3) Overvalued in 2026?

Based on GuruFocus' analysis, Minerva stock appears to be undervalued. The current stock price of R$3.61 is trading 35.8% below its estimated GF Value™ of R$5.62. GuruFocus considers Minerva to be Significantly Undervalued.

Key valuation signals for BSP:BEEF3:

  • Cyclically Adjusted PB Ratio: 6.33 (near median its 10-year median of 6.18)
  • GF Value™: R$5.62 vs. price of R$3.61 (35.8% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 400.4% above the Consumer Packaged Goods median (#1325 of 1438)

No single metric tells the full story. See the BSP:BEEF3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minerva Business Description

Other Exchanges MRVSY:USAM0V:Germany
Address Avenida Antonio Manco Bernardes s/n, Chacara Minerva, Barretos, SP, BRA, 14781-545
Minerva SA produces and markets beef and other meat products out of South America. The company's activities include the slaughtering of livestock and processing of meat, the sale of fresh chilled, frozen, and processed meat and the exporting of live cattle. It has several different facilities to help with processing. Slaughtering and boning plants acquire the livestock and kick-start the process. A processing plant works on turning raw materials into finished products, and distribution centers are located around the globe to ensure quality and timely deliveries. International trading offices are strategically placed to help strengthen relationships in different regions.
72GF Score

Get the complete analysis for BSP:BEEF3

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

R$3.61
Price
R$5.62
GF Value