Fertilizantes Heringer (BSP:FHER3) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:FHER3 Fertilizantes Heringer SA BSP:FHER3
54 GF Score
Price R$3.50
GF Value R$3.51
Valuation Fairly Valued
! 6 Warning Signs
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What is Fertilizantes Heringer Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fertilizantes Heringer  (BSP:FHER3) 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.


Fertilizantes Heringer Cyclically Adjusted PB Ratio Related Terms


Fertilizantes Heringer Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fertilizantes Heringer'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.

Fertilizantes Heringer Cyclically Adjusted PB Ratio Chart

Fertilizantes Heringer 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 4.07 4.34 2.69 50.36 0.00

Fertilizantes Heringer 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:FHER3 vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Fertilizantes Heringer'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.


Fertilizantes Heringer Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Fertilizantes Heringer's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:FHER3
54GF Score
Fertilizantes Heringer SA BSP:FHER3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fertilizantes Heringer 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.

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

For example, Fertilizantes Heringer'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)
=-24.228/175.0655*175.0655
=-24.228

Current CPI (Mar. 2026) = 175.0655.

Fertilizantes Heringer Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.979 108.851 6.399
201609 4.396 109.986 6.997
201612 5.370 110.802 8.485
201703 5.500 111.869 8.607
201706 3.651 112.115 5.701
201709 3.468 112.777 5.383
201712 3.038 114.068 4.663
201803 2.061 114.868 3.141
201806 -3.088 117.038 -4.619
201809 -5.267 117.881 -7.822
201812 -11.546 118.340 -17.080
201903 -13.246 120.124 -19.304
201906 -13.599 120.977 -19.679
201909 -16.123 121.292 -23.271
201912 0.583 123.436 0.827
202003 -3.223 124.092 -4.547
202006 -4.098 123.557 -5.806
202009 -3.807 125.095 -5.328
202012 -2.750 129.012 -3.732
202103 -2.889 131.660 -3.841
202106 -0.201 133.871 -0.263
202109 1.680 137.913 2.133
202112 9.638 141.992 11.883
202203 12.022 146.537 14.362
202206 10.264 149.784 11.996
202209 8.207 147.800 9.721
202212 6.843 150.207 7.975
202303 4.400 153.352 5.023
202306 1.887 154.519 2.138
202309 0.724 155.464 0.815
202312 0.140 157.148 0.156
202403 -2.537 159.372 -2.787
202406 -8.906 161.052 -9.681
202409 -9.075 162.342 -9.786
202412 -21.301 164.740 -22.636
202503 -20.195 168.102 -21.032
202506 -20.731 169.670 -21.390
202509 -20.974 170.739 -21.505
202512 -24.499 171.765 -24.970
202603 -24.228 175.066 -24.228

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 Fertilizantes Heringer (BSP:FHER3) Overvalued in 2026?

Based on GuruFocus' analysis, Fertilizantes Heringer stock appears to be undervalued. The current stock price of R$3.50 is trading 0.3% below its estimated GF Value™ of R$3.51. GuruFocus considers Fertilizantes Heringer to be Fairly Valued.

Key valuation signals for BSP:FHER3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$3.51 vs. price of R$3.50 (0.3% below fair value)
  • GF Score™: 54/100 with 6 warning signs

No single metric tells the full story. See the BSP:FHER3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fertilizantes Heringer Business Description

Address Avendia Idalino Carvalho, S/N, Bairro Areinha, Viana, ES, BRA, 29135000
Fertilizantes Heringer SA is engaged in the production, marketing, and distribution of fertilizers in Brazil. It offers basic fertilizers, NPK formulas, and special fertilizers. The company also offers various services such as soil analysis incentive programs, technical lectures for farmers, pre-and after-sales support, and specialized technical guidance. The company has two segments: The industrial segment, which comprises the sulfuric acid and single super phosphate plant located in Paranagua; and the Mixing segment, which comprises the company's 11 mixing units. The firm generates the majority of its revenues from the mixing segment.
54GF Score

Get the complete analysis for BSP:FHER3

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

R$3.50
Price
R$3.51
GF Value