Electro Aco Altona (BSP:EALT4) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:EALT4 Electro Aco Altona SA BSP:EALT4
77 GF Score
Price R$11.08
GF Value R$12.27
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Electro Aco Altona Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Electro Aco Altona  (BSP:EALT4) 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.


Electro Aco Altona Cyclically Adjusted PB Ratio Related Terms


Electro Aco Altona Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Electro Aco Altona'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.

Electro Aco Altona Cyclically Adjusted PB Ratio Chart

Electro Aco Altona 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 1.22 0.95 1.18 1.50 1.30

Electro Aco Altona 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 1.58 1.21 1.37 1.29 1.14

BSP:EALT4 vs ATI, CRS, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Electro Aco Altona'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.


Electro Aco Altona Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Aco Altona's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:EALT4
77GF Score
Electro Aco Altona SA BSP:EALT4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Electro Aco Altona 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.

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

For example, Electro Aco Altona'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)
=16.907/177.5443*177.5443
=16.907

Current CPI (Jun. 2026) = 177.5443.

Electro Aco Altona Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.790 109.986 4.504
201612 3.057 110.802 4.898
201703 3.051 111.869 4.842
201706 3.170 112.115 5.020
201709 3.288 112.777 5.176
201712 4.329 114.068 6.738
201803 4.490 114.868 6.940
201806 4.195 117.038 6.364
201809 4.352 117.881 6.555
201812 6.830 118.340 10.247
201903 7.084 120.124 10.470
201906 7.106 120.977 10.429
201909 7.311 121.292 10.702
201912 7.190 123.436 10.342
202003 7.402 124.092 10.590
202006 7.452 123.557 10.708
202009 7.929 125.095 11.253
202012 8.112 129.012 11.164
202103 7.963 131.660 10.738
202106 8.203 133.871 10.879
202109 8.592 137.913 11.061
202112 8.292 141.992 10.368
202203 8.343 146.537 10.108
202206 8.736 149.784 10.355
202209 9.041 147.800 10.861
202212 9.501 150.207 11.230
202303 9.387 153.352 10.868
202306 9.800 154.519 11.260
202309 10.216 155.464 11.667
202312 10.759 157.148 12.155
202403 11.133 159.372 12.402
202406 11.467 161.052 12.641
202409 12.350 162.342 13.506
202412 13.057 164.740 14.072
202503 14.888 168.102 15.724
202506 14.819 169.670 15.507
202509 15.882 170.739 16.515
202512 15.718 171.765 16.247
202603 16.116 175.066 16.344
202606 16.907 177.544 16.907

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 Electro Aco Altona (BSP:EALT4) Overvalued in 2026?

Based on GuruFocus' analysis, Electro Aco Altona stock appears to be undervalued. The current stock price of R$11.08 is trading 9.7% below its estimated GF Value™ of R$12.27. GuruFocus considers Electro Aco Altona to be Modestly Undervalued.

Key valuation signals for BSP:EALT4:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$12.27 vs. price of R$11.08 (9.7% below fair value)
  • GF Score™: 77/100 with 7 warning signs

No single metric tells the full story. See the BSP:EALT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Electro Aco Altona Business Description

Other Exchanges EALT3:Brazil
Address Engenheiro Paulo Werner Street, 925, Blumenau, SC, BRA, 89030900
Electro Aco Altona SA manufactures steel based machinery & equipment. Its product portfolio comprises of carbon steel, high & low alloy steel, manganese steel & heat resistant steel castings. It caters to industries like earthmoving & mining.The company divides its business into two sectors: Repetitive and Custom. The Repetitive sector is responsible for series production of items for self-propelled equipment assemblers, including customers active in the segment of construction and mining machinery. The Custom sector produces customized parts and assemblies.
77GF Score

Get the complete analysis for BSP:EALT4

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

R$11.08
Price
R$12.27
GF Value