Grupo Casas Bahia (BSP:BHIA3) Cyclically Adjusted PB Ratio: 0.02 (As of Aug. 04, 2026) — 99% Below Median

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BSP:BHIA3 Grupo Casas Bahia SA BSP:BHIA3
63 GF Score
Price R$0.77
GF Value R$1.14
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Grupo Casas Bahia Cyclically Adjusted PB Ratio?

Grupo Casas Bahia BSP:BHIA3 -1.28% 63 Cyclically Adjusted PB Ratio is 0.02 as of Aug. 04, 2026, which is 99% below its 10-year median of 2.28. GuruFocus rates BSP:BHIA3 with a GF Score™ of 63/100 and a GF Value™ of R$1.14 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 806 Retail - Cyclical companies, Grupo Casas Bahia ranks better than 99.5% on this metric.

As of today (2026-08-04), Grupo Casas Bahia's current share price is R$0.77. Grupo Casas Bahia's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$45.08. Grupo Casas Bahia's Cyclically Adjusted PB Ratio for today is 0.02.

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

BSP:BHIA3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 2.28   Max: 14.05
Current: 0.02

During the past years, Grupo Casas Bahia's highest Cyclically Adjusted PB Ratio was 14.05. The lowest was 0.02. And the median was 2.28.

BSP:BHIA3's Cyclically Adjusted PB Ratio is ranked better than
99.5% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs BSP:BHIA3: 0.02

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.

Grupo Casas Bahia's adjusted book value per share data for the three months ended in Mar. 2026 was R$1.870. 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$45.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Casas Bahia  (BSP:BHIA3) 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 Casas Bahia Cyclically Adjusted PB Ratio Related Terms


Grupo Casas Bahia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Casas Bahia'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 Casas Bahia Cyclically Adjusted PB Ratio Chart

Grupo Casas Bahia 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 3.04 1.34 0.29 0.07 0.07

Grupo Casas Bahia 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 0.21 0.07 0.09 0.07 0.06

BSP:BHIA3 vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Grupo Casas Bahia'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 Casas Bahia Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Grupo Casas Bahia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:BHIA3
63GF Score
Grupo Casas Bahia SA BSP:BHIA3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo Casas Bahia 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 Casas Bahia's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.77/45.08
=0.02

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

For example, Grupo Casas Bahia'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)
=1.87/175.0655*175.0655
=1.870

Current CPI (Mar. 2026) = 175.0655.

Grupo Casas Bahia Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.334 108.851 10.187
201609 6.221 109.986 9.902
201612 3.992 110.802 6.307
201703 4.367 111.869 6.834
201706 4.303 112.115 6.719
201709 4.325 112.777 6.714
201712 3.414 114.068 5.240
201803 4.276 114.868 6.517
201806 4.329 117.038 6.475
201809 4.213 117.881 6.257
201812 33.790 118.340 49.987
201903 33.096 120.124 48.233
201906 31.261 120.977 45.238
201909 24.828 121.292 35.835
201912 9.730 123.436 13.800
202003 10.790 124.092 15.222
202006 69.165 123.557 97.998
202009 77.152 125.095 107.971
202012 81.888 129.012 111.119
202103 84.408 131.660 112.235
202106 86.367 133.871 112.944
202109 77.706 137.913 98.639
202112 77.234 141.992 95.223
202203 77.579 146.537 92.682
202206 77.892 149.784 91.039
202209 76.203 147.800 90.261
202212 73.135 150.207 85.239
202303 70.085 153.352 80.008
202306 63.577 154.519 72.031
202309 46.805 155.464 52.707
202312 36.410 157.148 40.561
202403 33.711 159.372 37.030
202406 34.118 161.052 37.087
202409 30.283 162.342 32.656
202412 26.054 164.740 27.687
202503 21.973 168.102 22.883
202506 16.188 169.670 16.703
202509 4.028 170.739 4.130
202512 2.976 171.765 3.033
202603 1.870 175.066 1.870

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 0.02 mean?
Grupo Casas Bahia (BSP:BHIA3) has a Cyclically Adjusted PB Ratio of 0.02 as of Aug. 04, 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 Grupo Casas Bahia and its competitors. This is 99% below median its historical median of 2.28. Over the past decade, Grupo Casas Bahia's Cyclically Adjusted PB Ratio has ranged from 0.02 to 14.05. According to the industry distribution chart, Grupo Casas Bahia ranks #4 out of 806 companies in the Retail - Cyclical industry, placing it in the top 0.5%.
Is Grupo Casas Bahia's Cyclically Adjusted PB Ratio too high?
Grupo Casas Bahia's current Cyclically Adjusted PB Ratio of 0.02 is 99% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 14.05. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Grupo Casas Bahia's value of 0.02 is 98.4% below this industry median. Based on the distribution chart, Grupo Casas Bahia ranks #4 out of 806 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Grupo Casas Bahia has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Grupo Casas Bahia's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Grupo Casas Bahia ranks #4 out of 806 companies for Cyclically Adjusted PB Ratio. This places Grupo Casas Bahia in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Grupo Casas Bahia's value of 0.02 is 98.4% below this benchmark. Historically, Grupo Casas Bahia's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 14.05 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.25, Grupo Casas Bahia has consistently been below 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 806 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. Grupo Casas Bahia's current Cyclically Adjusted PB Ratio of 0.02 is 98.4% below 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 Grupo Casas Bahia and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Casas Bahia's current Cyclically Adjusted PB Ratio is 0.02, which is 99% below median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Casas Bahia stock overvalued right now?
Based on GuruFocus' analysis, Grupo Casas Bahia (BSP:BHIA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$1.14, compared to a current price of R$0.77 — trading 32.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.02, which is 99% below median its 10-year median of 2.28 and 98.4% below the Retail - Cyclical industry median of 1.25. Grupo Casas Bahia's overall GF Score™ is 63/100 with 6 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 Grupo Casas Bahia (BSP:BHIA3), the current Cyclically Adjusted PB Ratio is 0.02 as of Aug. 04, 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 Grupo Casas Bahia (BSP:BHIA3) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Casas Bahia stock appears to be undervalued. The current stock price of R$0.77 is trading 32.5% below its estimated GF Value™ of R$1.14. GuruFocus considers Grupo Casas Bahia to be Possible Value Trap.

Key valuation signals for BSP:BHIA3:

  • Cyclically Adjusted PB Ratio: 0.02 (99% below median its 10-year median of 2.28)
  • GF Value™: R$1.14 vs. price of R$0.77 (32.5% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 98.4% below the Retail - Cyclical median (#4 of 806)

No single metric tells the full story. See the BSP:BHIA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo Casas Bahia Business Description

Address Eldorado Business Tower Avenue, 8501-23rd floor, Pinheiros, Sao Caetano do Sul, SP, BRA, CEP 05425-070
Grupo Casas Bahia SA is an omnichannel retailer engaged in the sale of consumer electronics, home appliances, furniture, and other household products through physical stores, e-commerce, and marketplace platforms. The company operates mainly under the Casas Bahia and Ponto brands. It also provides related services, including extended warranties, installation services, marketplace intermediation, and financial services such as installment sales and co-branded credit cards.
63GF Score

Get the complete analysis for BSP:BHIA3

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

R$0.77
Price
R$1.14
GF Value