Investimentos Bemge (BSP:FIGE3) Cyclically Adjusted PB Ratio: 0.30 (As of Aug. 01, 2026) — 58% Above Median

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BSP:FIGE3 Investimentos Bemge SA BSP:FIGE3
56 GF Score
Price R$33.00
GF Value R$13.63
! 4 Warning Signs
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What is Investimentos Bemge Cyclically Adjusted PB Ratio?

Investimentos Bemge BSP:FIGE3 56 Cyclically Adjusted PB Ratio is 0.30 as of Aug. 01, 2026, which is 58% above its 10-year median of 0.19. GuruFocus rates BSP:FIGE3 with a GF Score™ of 56/100 and a GF Value™ of R$13.63. The stock has 4 warning signs investors should review.

As of today (2026-08-01), Investimentos Bemge's current share price is R$33.00. Investimentos Bemge's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$108.41. Investimentos Bemge's Cyclically Adjusted PB Ratio for today is 0.30.

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

BSP:FIGE3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.19   Max: 0.31
Current: 0.3

During the past years, Investimentos Bemge's highest Cyclically Adjusted PB Ratio was 0.31. The lowest was 0.11. And the median was 0.19.

BSP:FIGE3's Cyclically Adjusted PB Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.84 vs BSP:FIGE3: 0.30

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.

Investimentos Bemge's adjusted book value per share data for the three months ended in Mar. 2026 was R$80.700. 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$108.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Investimentos Bemge  (BSP:FIGE3) 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.


Investimentos Bemge Cyclically Adjusted PB Ratio Related Terms


Investimentos Bemge Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Investimentos Bemge'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.

Investimentos Bemge Cyclically Adjusted PB Ratio Chart

Investimentos Bemge 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 0.00 0.00 0.00 0.00 0.20

Investimentos Bemge 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 0.11 0.11 0.11 0.20 0.30

BSP:FIGE3 vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Investimentos Bemge'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.


Investimentos Bemge Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Investimentos Bemge's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:FIGE3
56GF Score
Investimentos Bemge SA BSP:FIGE3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Investimentos Bemge 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.

Investimentos Bemge's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.00/108.41
=0.30

* 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.

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

For example, Investimentos Bemge'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)
=80.7/175.0655*175.0655
=80.700

Current CPI (Mar. 2026) = 175.0655.

Investimentos Bemge Quarterly Data

Book Value per Share CPI Adj_Book
201212 63.365 83.581 132.721
201312 66.514 88.522 131.542
201412 71.038 94.194 132.029
201512 77.005 104.247 129.317
201612 83.590 110.802 132.071
201706 0.000 112.115 0.000
201712 88.657 114.068 136.066
201803 0.000 114.868 0.000
201806 90.374 117.038 135.182
201809 0.000 117.881 0.000
201812 93.074 118.340 137.688
201903 93.981 120.124 136.966
201906 94.822 120.977 137.216
201909 95.635 121.292 138.034
201912 96.327 123.436 136.617
202003 96.809 124.092 136.576
202006 97.222 123.557 137.752
202009 97.503 125.095 136.451
202012 97.752 129.012 132.646
202103 98.008 131.660 130.319
202106 98.440 133.871 128.732
202109 101.486 137.913 128.825
202112 100.514 141.992 123.926
202203 101.966 146.537 121.817
202206 61.655 149.784 72.062
202209 62.898 147.800 74.501
202212 62.734 150.207 73.116
202303 64.064 153.352 73.135
202306 65.333 154.519 74.020
202309 66.665 155.464 75.071
202312 67.767 157.148 75.494
202403 68.859 159.372 75.639
202406 69.947 161.052 76.033
202409 71.410 162.342 77.007
202412 72.588 164.740 77.138
202503 73.934 168.102 76.997
202506 75.499 169.670 77.900
202509 77.264 170.739 79.222
202512 78.988 171.765 80.506
202603 80.700 175.066 80.700

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 0.30 mean?
Investimentos Bemge (BSP:FIGE3) has a Cyclically Adjusted PB Ratio of 0.30 as of Aug. 01, 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 Investimentos Bemge and its competitors. This is 58% above median its historical median of 0.19. Over the past decade, Investimentos Bemge's Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.31.
Is Investimentos Bemge's Cyclically Adjusted PB Ratio too high?
Investimentos Bemge's current Cyclically Adjusted PB Ratio of 0.30 is 58% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.31. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Investimentos Bemge's value of 0.30 is 64.3% below this industry median. Overall, Investimentos Bemge has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Investimentos Bemge's Cyclically Adjusted PB Ratio compare to BLK and BX?
Investimentos Bemge's Cyclically Adjusted PB Ratio of 0.30 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Investimentos Bemge's value of 0.30 is 64.3% below this benchmark. Historically, Investimentos Bemge's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.31 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.84, Investimentos Bemge 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 998 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. Investimentos Bemge's current Cyclically Adjusted PB Ratio of 0.30 is 64.3% 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 Investimentos Bemge and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investimentos Bemge's current Cyclically Adjusted PB Ratio is 0.30, which is 58% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investimentos Bemge stock overvalued right now?
Investimentos Bemge (BSP:FIGE3) has a current Cyclically Adjusted PB Ratio of 0.30. The stock's GF Value™ is R$13.63, compared to a current price of R$33.00 — trading 142.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.30, which is 58% above median its 10-year median of 0.19 and 64.3% below the Asset Management industry median of 0.84. Investimentos Bemge's overall GF Score™ is 56/100 with 4 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 Investimentos Bemge (BSP:FIGE3), the current Cyclically Adjusted PB Ratio is 0.30 as of Aug. 01, 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 Investimentos Bemge (BSP:FIGE3) Overvalued in 2026?

Based on GuruFocus' analysis, Investimentos Bemge stock appears to be overvalued. The current stock price of R$33.00 is trading 142.1% above its estimated GF Value™ of R$13.63.

Key valuation signals for BSP:FIGE3:

  • Cyclically Adjusted PB Ratio: 0.30 (58% above median its 10-year median of 0.19)
  • GF Value™: R$13.63 vs. price of R$33.00 (142.1% above fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 64.3% below the Asset Management median

No single metric tells the full story. See the BSP:FIGE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Investimentos Bemge Business Description

Address Pca Alfredo Egydio S Aranha 100-torre C/7 An, Cidade, SP, BRA, 4344902
Investimentos Bemge SA provides studies, analyses, and provides consultancy services on the company's operational policies and expansion projects. It also offers fund and investment management services.
56GF Score

Get the complete analysis for BSP:FIGE3

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

R$33.00
Price
R$13.63
GF Value