Construtora Adolpho Lindenberg (BSP:CALI3) Cyclically Adjusted PB Ratio: 1.84 (As of Aug. 18, 2026) — 43% Above Median

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BSP:CALI3 Construtora Adolpho Lindenberg SA BSP:CALI3
66 GF Score
Price R$29.99
GF Value R$41.56
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Construtora Adolpho Lindenberg Cyclically Adjusted PB Ratio?

Construtora Adolpho Lindenberg BSP:CALI3 66 Cyclically Adjusted PB Ratio is 1.84 as of Aug. 18, 2026, which is 43% above its 10-year median of 1.29. GuruFocus rates BSP:CALI3 with a GF Score™ of 66/100 and a GF Value™ of R$41.56 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,317 Construction companies, Construtora Adolpho Lindenberg ranks worse than 65.83% on this metric.

As of today (2026-08-18), Construtora Adolpho Lindenberg's current share price is R$29.99. Construtora Adolpho Lindenberg's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$16.34. Construtora Adolpho Lindenberg's Cyclically Adjusted PB Ratio for today is 1.84.

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

BSP:CALI3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 1.29   Max: 153.47
Current: 1.84

During the past years, Construtora Adolpho Lindenberg's highest Cyclically Adjusted PB Ratio was 153.47. The lowest was 0.37. And the median was 1.29.

BSP:CALI3's Cyclically Adjusted PB Ratio is ranked worse than
65.83% of 1317 companies
in the Construction industry
Industry Median: 1.16 vs BSP:CALI3: 1.84

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.

Construtora Adolpho Lindenberg's adjusted book value per share data for the three months ended in Jun. 2026 was R$31.050. 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$16.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Construtora Adolpho Lindenberg  (BSP:CALI3) 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.


Construtora Adolpho Lindenberg Cyclically Adjusted PB Ratio Related Terms


Construtora Adolpho Lindenberg Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Construtora Adolpho Lindenberg'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.

Construtora Adolpho Lindenberg Cyclically Adjusted PB Ratio Chart

Construtora Adolpho Lindenberg 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 0.94 0.54 1.22 1.56 1.00

Construtora Adolpho Lindenberg 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 1.53 1.05 1.00 1.00 1.71

BSP:CALI3 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Construtora Adolpho Lindenberg'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.


Construtora Adolpho Lindenberg Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Construtora Adolpho Lindenberg's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:CALI3
66GF Score
Construtora Adolpho Lindenberg SA BSP:CALI3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Construtora Adolpho Lindenberg 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.

Construtora Adolpho Lindenberg's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.99/16.34
=1.84

* 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.

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

For example, Construtora Adolpho Lindenberg'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)
=31.05/177.5443*177.5443
=31.050

Current CPI (Jun. 2026) = 177.5443.

Construtora Adolpho Lindenberg Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.660 109.986 33.350
201612 18.021 110.802 28.876
201703 19.968 111.869 31.691
201706 19.537 112.115 30.939
201709 18.577 112.777 29.246
201712 19.531 114.068 30.400
201803 18.398 114.868 28.437
201806 19.704 117.038 29.891
201809 16.448 117.881 24.773
201812 20.988 118.340 31.488
201903 14.713 120.124 21.746
201906 12.136 120.977 17.811
201909 7.352 121.292 10.762
201912 1.096 123.436 1.576
202003 2.259 124.092 3.232
202006 2.865 123.557 4.117
202009 0.632 125.095 0.897
202012 2.663 129.012 3.665
202103 2.890 131.660 3.897
202106 5.033 133.871 6.675
202109 5.785 137.913 7.447
202112 7.388 141.992 9.238
202203 7.388 146.537 8.951
202206 1.570 149.784 1.861
202209 5.297 147.800 6.363
202212 6.356 150.207 7.513
202303 7.460 153.352 8.637
202306 8.165 154.519 9.382
202309 8.633 155.464 9.859
202312 8.339 157.148 9.421
202403 6.532 159.372 7.277
202406 7.618 161.052 8.398
202409 7.971 162.342 8.717
202412 9.969 164.740 10.744
202503 24.180 168.102 25.538
202506 25.320 169.670 26.495
202509 25.573 170.739 26.592
202512 26.438 171.765 27.327
202603 28.790 175.066 29.198
202606 31.050 177.544 31.050

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 1.84 mean?
Construtora Adolpho Lindenberg (BSP:CALI3) has a Cyclically Adjusted PB Ratio of 1.84 as of Aug. 18, 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 Construtora Adolpho Lindenberg and its competitors. This is 43% above median its historical median of 1.29. Over the past decade, Construtora Adolpho Lindenberg's Cyclically Adjusted PB Ratio has ranged from 0.37 to 153.47. According to the industry distribution chart, Construtora Adolpho Lindenberg ranks #867 out of 1317 companies in the Construction industry, placing it in the top 65.8%.
Is Construtora Adolpho Lindenberg's Cyclically Adjusted PB Ratio too high?
Construtora Adolpho Lindenberg's current Cyclically Adjusted PB Ratio of 1.84 is 43% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 153.47. The Construction industry median Cyclically Adjusted PB Ratio is 1.16. Construtora Adolpho Lindenberg's value of 1.84 is 58.6% above this industry median. Based on the distribution chart, Construtora Adolpho Lindenberg ranks #867 out of 1317 companies in the Construction industry, which is below the industry midpoint. Overall, Construtora Adolpho Lindenberg has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Construtora Adolpho Lindenberg's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Construtora Adolpho Lindenberg ranks #867 out of 1317 companies for Cyclically Adjusted PB Ratio. This places Construtora Adolpho Lindenberg in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Construtora Adolpho Lindenberg's value of 1.84 is 58.6% above this benchmark. Historically, Construtora Adolpho Lindenberg's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 153.47 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.16, Construtora Adolpho Lindenberg 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.16, based on 1,317 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. Construtora Adolpho Lindenberg's current Cyclically Adjusted PB Ratio of 1.84 is 58.6% 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 Construtora Adolpho Lindenberg and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Construtora Adolpho Lindenberg's current Cyclically Adjusted PB Ratio is 1.84, which is 43% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Construtora Adolpho Lindenberg stock overvalued right now?
Based on GuruFocus' analysis, Construtora Adolpho Lindenberg (BSP:CALI3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$41.56, compared to a current price of R$29.99 — trading 27.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is 43% above median its 10-year median of 1.29 and 58.6% above the Construction industry median of 1.16. Construtora Adolpho Lindenberg's overall GF Score™ is 66/100 with 11 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 Construtora Adolpho Lindenberg (BSP:CALI3), the current Cyclically Adjusted PB Ratio is 1.84 as of Aug. 18, 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 Construtora Adolpho Lindenberg (BSP:CALI3) Overvalued in 2026?

Based on GuruFocus' analysis, Construtora Adolpho Lindenberg stock appears to be undervalued. The current stock price of R$29.99 is trading 27.8% below its estimated GF Value™ of R$41.56. GuruFocus considers Construtora Adolpho Lindenberg to be Modestly Undervalued.

Key valuation signals for BSP:CALI3:

  • Cyclically Adjusted PB Ratio: 1.84 (43% above median its 10-year median of 1.29)
  • GF Value™: R$41.56 vs. price of R$29.99 (27.8% below fair value)
  • GF Score™: 66/100 with 11 warning signs
  • Industry Position: 58.6% above the Construction median (#867 of 1317)

No single metric tells the full story. See the BSP:CALI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Construtora Adolpho Lindenberg Business Description

Address Rua Joaquim Floriano 466, 2nd Floor, Itaim Bibi, Sao Paulo, SP, BRA, 4534002
Construtora Adolpho Lindenberg SA is engaged in execution & management of civil construction works & development of real estate properties. It also provides project construction services, as well as incorporates real estate projects such as apartment buildings, single-family housing, office buildings & others.
66GF Score

Get the complete analysis for BSP:CALI3

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

R$29.99
Price
R$41.56
GF Value