Haga Industria E Comercio (BSP:HAGA3) Cyclically Adjusted PB Ratio: (As of Sep. 02, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:HAGA3 Haga SA Industria E Comercio BSP:HAGA3
77 GF Score
Price R$2.63
GF Value R$2.78
Valuation Fairly Valued
! 4 Warning Signs
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What is Haga Industria E Comercio Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Haga Industria E Comercio  (BSP:HAGA3) 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.


Haga Industria E Comercio Cyclically Adjusted PB Ratio Related Terms


Haga Industria E Comercio Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Haga Industria E Comercio'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.

Haga Industria E Comercio Cyclically Adjusted PB Ratio Chart

Haga Industria E Comercio Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Haga Industria E Comercio 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 0.00 0.00 0.00 0.00 0.00

BSP:HAGA3 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Haga Industria E Comercio'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.


Haga Industria E Comercio Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Haga Industria E Comercio's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Haga Industria E Comercio's Cyclically Adjusted PB Ratio falls into.


BSP:HAGA3
77GF Score
Haga SA Industria E Comercio BSP:HAGA3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Haga Industria E Comercio 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.

Haga Industria E Comercio's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Haga Industria E Comercio'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)
=2.982/177.5443*177.5443
=2.982

Current CPI (Jun. 2026) = 177.5443.

Haga Industria E Comercio Quarterly Data

Book Value per Share CPI Adj_Book
201609 -6.915 109.986 -11.162
201612 -6.855 110.802 -10.984
201703 -6.911 111.869 -10.968
201706 -6.933 112.115 -10.979
201709 -6.914 112.777 -10.885
201712 -6.973 114.068 -10.853
201803 -7.055 114.868 -10.904
201806 -6.854 117.038 -10.397
201809 -6.878 117.881 -10.359
201812 -6.556 118.340 -9.836
201903 -6.596 120.124 -9.749
201906 -6.806 120.977 -9.988
201909 -6.824 121.292 -9.989
201912 -6.345 123.436 -9.126
202003 -6.467 124.092 -9.253
202006 -6.501 123.557 -9.342
202009 -6.417 125.095 -9.107
202012 -5.876 129.012 -8.086
202103 -5.754 131.660 -7.759
202106 -5.679 133.871 -7.532
202109 -5.574 137.913 -7.176
202112 -5.202 141.992 -6.504
202203 -5.262 146.537 -6.375
202206 -5.302 149.784 -6.285
202209 -5.273 147.800 -6.334
202212 -4.736 150.207 -5.598
202303 -4.747 153.352 -5.496
202306 -4.660 154.519 -5.354
202309 -4.665 155.464 -5.328
202312 -4.527 157.148 -5.115
202403 -4.433 159.372 -4.938
202406 -4.373 161.052 -4.821
202409 -4.308 162.342 -4.711
202412 -4.312 164.740 -4.647
202503 -4.267 168.102 -4.507
202506 -4.300 169.670 -4.500
202509 -4.223 170.739 -4.391
202512 -4.132 171.765 -4.271
202603 -4.047 175.066 -4.104
202606 2.982 177.544 2.982

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 Haga Industria E Comercio (BSP:HAGA3) Overvalued in 2026?

Based on GuruFocus' analysis, Haga Industria E Comercio stock appears to be undervalued. The current stock price of R$2.63 is trading 5.4% below its estimated GF Value™ of R$2.78. GuruFocus considers Haga Industria E Comercio to be Fairly Valued.

Key valuation signals for BSP:HAGA3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$2.78 vs. price of R$2.63 (5.4% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the BSP:HAGA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Haga Industria E Comercio Business Description

Other Exchanges HAGA4:Brazil
Address Avenue Engenheiro Hans Gaiser 26 - Predio, Nova Friburgo, RJ, BRA, 28625220
Haga SA Industria E Comercio is engaged in manufacturing, trading and export of iron and other metal products, among others. Its products include locks and other products generally used in doors. Its objective is to manufacture, trade and export of iron artifacts, metals.
77GF Score

Get the complete analysis for BSP:HAGA3

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

R$2.63
Price
R$2.78
GF Value