Investimentos Bemge (BSP:FIGE3) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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: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?

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 0.40 0.11 0.11 0.11 0.19

Investimentos Bemge 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 0.11 0.11 0.19 0.30 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.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Investimentos Bemge'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)
=82.331/177.5443*177.5443
=82.331

Current CPI (Jun. 2026) = 177.5443.

Investimentos Bemge Quarterly Data

Book Value per Share CPI Adj_Book
201609 81.971 109.986 132.321
201612 83.592 110.802 133.944
201703 85.125 111.869 135.099
201706 86.508 112.115 136.994
201709 87.755 112.777 138.152
201712 88.659 114.068 137.996
201803 89.526 114.868 138.375
201806 90.376 117.038 137.099
201809 91.256 117.881 137.443
201812 93.076 118.340 139.641
201903 93.984 120.124 138.910
201906 94.824 120.977 139.162
201909 95.637 121.292 139.991
201912 96.330 123.436 138.556
202003 96.812 124.092 138.514
202006 97.225 123.557 139.707
202009 97.506 125.095 138.388
202012 97.755 129.012 134.528
202103 98.011 131.660 132.168
202106 98.443 133.871 130.559
202109 99.171 137.913 127.669
202112 100.517 141.992 125.684
202203 101.969 146.537 123.546
202206 61.656 149.784 73.083
202209 62.900 147.800 75.559
202212 62.734 150.207 74.152
202303 64.064 153.352 74.170
202306 65.333 154.519 75.068
202309 66.665 155.464 76.134
202312 67.767 157.148 76.562
202403 68.859 159.372 76.710
202406 69.947 161.052 77.110
202409 71.410 162.342 78.097
202412 72.588 164.740 78.230
202503 73.936 168.102 78.089
202506 75.501 169.670 79.005
202509 77.266 170.739 80.346
202512 78.990 171.765 81.648
202603 80.702 175.066 81.845
202606 82.331 177.544 82.331

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 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:
  • GF Value™: R$13.63 vs. price of R$33.00 (142.1% above fair value)
  • GF Score™: 56/100 with 4 warning signs

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