Contax Participacoes (BSP:CTAX3) Cyclically Adjusted PB Ratio: (As of Jul. 09, 2026)


BSP:CTAX3 Contax Participacoes SA BSP:CTAX3
40 GF Score
Price R$0.45
GF Value R$1.47
Valuation Possible Value Trap
! 5 Warning Signs
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What is Contax Participacoes Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Contax Participacoes  (BSP:CTAX3) 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.


Contax Participacoes Cyclically Adjusted PB Ratio Related Terms


Contax Participacoes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Contax Participacoes'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.

Contax Participacoes Cyclically Adjusted PB Ratio Chart

Contax Participacoes 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 0.03 0.03 0.16 0.00 0.00

Contax Participacoes 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 0.00 0.00 0.00 0.00 0.00

BSP:CTAX3 vs CTAS, CPRT, ULS: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Contax Participacoes'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.


Contax Participacoes Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Contax Participacoes's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:CTAX3
40GF Score
Contax Participacoes SA BSP:CTAX3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Contax Participacoes 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.

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

For example, Contax Participacoes'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)
=3.385/175.0655*175.0655
=3.385

Current CPI (Mar. 2026) = 175.0655.

Contax Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201606 155.345 108.851 249.843
201609 250.115 109.986 398.109
201612 -320.657 110.802 -506.633
201703 -475.818 111.869 -744.614
201706 -1,206.993 112.115 -1,884.706
201709 -1,996.007 112.777 -3,098.427
201712 -3,152.599 114.068 -4,838.450
201803 896.664 114.868 1,366.567
201806 335.789 117.038 502.275
201809 276.819 117.881 411.104
201812 159.833 118.340 236.447
201903 69.245 120.124 100.916
201906 25.855 120.977 37.415
201909 -4.452 121.292 -6.426
201912 -58.849 123.436 -83.464
202003 0.148 124.092 0.209
202006 -1.051 123.557 -1.489
202009 -3.220 125.095 -4.506
202012 6.777 129.012 9.196
202103 5.353 131.660 7.118
202106 7.956 133.871 10.404
202109 7.220 137.913 9.165
202112 5.787 141.992 7.135
202203 2.853 146.537 3.408
202206 -6.130 149.784 -7.165
202209 -10.299 147.800 -12.199
202212 -11.230 150.207 -13.089
202303 -13.184 153.352 -15.051
202306 0.084 154.519 0.095
202309 -0.628 155.464 -0.707
202312 10.859 157.148 12.097
202403 15.708 159.372 17.255
202406 14.781 161.052 16.067
202409 13.816 162.342 14.899
202412 5.589 164.740 5.939
202503 4.019 168.102 4.185
202506 3.904 169.670 4.028
202509 3.333 170.739 3.417
202512 4.302 171.765 4.385
202603 3.385 175.066 3.385

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 Contax Participacoes (BSP:CTAX3) Overvalued in 2026?

Based on GuruFocus' analysis, Contax Participacoes stock appears to be undervalued. The current stock price of R$0.45 is trading 69.4% below its estimated GF Value™ of R$1.47. GuruFocus considers Contax Participacoes to be Possible Value Trap.

Key valuation signals for BSP:CTAX3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$1.47 vs. price of R$0.45 (69.4% below fair value)
  • GF Score™: 40/100 with 5 warning signs

No single metric tells the full story. See the BSP:CTAX3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Contax Participacoes Business Description

Address Rua Beneditinos, n 15/17, Rio de Janeiro, RJ, BRA
Contax Participacoes SA formerly, ATMA Participacoes SA is engaged in Industrial Maintenance and Facilities, (ii) Customer Service (contact center and trade marketing) and (iii) Information Technology.
40GF Score

Get the complete analysis for BSP:CTAX3

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

R$0.45
Price
R$1.47
GF Value