JBS NV (BSP:JBSS32) Cyclically Adjusted PB Ratio: 3.24 (As of Aug. 22, 2026) — 20% Above Median

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BSP:JBSS32 JBS NV BSP:JBSS32
77 GF Score
Price R$71.72
GF Value R$93.72
Valuation Modestly Undervalued
! 8 Warning Signs
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What is JBS NV Cyclically Adjusted PB Ratio?

JBS NV BSP:JBSS32 +1.57% 77 Cyclically Adjusted PB Ratio is 3.24 as of Aug. 22, 2026, which is 20% above its 10-year median of 2.70. GuruFocus rates BSP:JBSS32 with a GF Score™ of 77/100 and a GF Value™ of R$93.72 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,352 Consumer Packaged Goods companies, JBS NV ranks worse than 81.73% on this metric.

As of today (2026-08-22), JBS NV's current share price is R$71.72. JBS NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$22.13. JBS NV's Cyclically Adjusted PB Ratio for today is 3.24.

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

BSP:JBSS32' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.7   Max: 4.81
Current: 3.21

During the past years, JBS NV's highest Cyclically Adjusted PB Ratio was 4.81. The lowest was 0.91. And the median was 2.70.

BSP:JBSS32's Cyclically Adjusted PB Ratio is ranked worse than
81.73% of 1352 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs BSP:JBSS32: 3.21

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.

JBS NV's adjusted book value per share data for the three months ended in Jun. 2026 was R$39.351. 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$22.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JBS NV  (BSP:JBSS32) 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.


JBS NV Cyclically Adjusted PB Ratio Related Terms


JBS NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JBS NV'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.

JBS NV Cyclically Adjusted PB Ratio Chart

JBS NV 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 4.02 2.41 2.87 3.29 3.59

JBS NV 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 3.89 3.81 3.59 4.30 2.75

BSP:JBSS32 vs MKC, SJM, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, JBS NV'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.


JBS NV Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, JBS NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:JBSS32
77GF Score
JBS NV BSP:JBSS32
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JBS NV 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.

JBS NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=71.72/22.13
=3.24

* 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.

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

For example, JBS NV'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)
=39.351/137.7700*137.7700
=39.351

Current CPI (Jun. 2026) = 137.7700.

JBS NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.831 100.570 12.098
201612 8.468 100.710 11.584
201703 8.857 101.440 12.029
201706 8.840 101.370 12.014
201709 8.891 102.030 12.005
201712 8.510 101.970 11.498
201803 9.144 102.470 12.294
201806 9.409 103.100 12.573
201809 9.932 103.950 13.163
201812 9.650 103.970 12.787
201903 9.921 105.370 12.972
201906 10.840 105.840 14.110
201909 11.409 106.700 14.731
201912 11.342 106.800 14.631
202003 10.614 106.850 13.685
202006 12.966 107.510 16.615
202009 14.237 107.880 18.182
202012 15.208 107.850 19.427
202103 15.741 108.870 19.920
202106 16.923 109.670 21.259
202109 18.395 110.790 22.875
202112 19.516 114.010 23.583
202203 20.059 119.460 23.134
202206 18.840 119.050 21.802
202209 19.388 126.890 21.050
202212 21.047 124.940 23.208
202303 20.572 124.720 22.725
202306 19.076 125.830 20.886
202309 18.558 127.160 20.106
202312 19.936 126.450 21.721
202403 19.781 128.580 21.195
202406 20.392 129.910 21.626
202409 21.451 131.610 22.455
202412 19.514 131.630 20.424
202503 19.515 133.330 20.165
202506 41.918 133.960 43.110
202509 42.154 135.920 42.728
202512 44.440 135.270 45.261
202603 40.294 136.910 40.547
202606 39.351 137.770 39.351

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 3.24 mean?
JBS NV (BSP:JBSS32) has a Cyclically Adjusted PB Ratio of 3.24 as of Aug. 22, 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 JBS NV and its competitors. This is 20% above median its historical median of 2.70. Over the past decade, JBS NV's Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.81. According to the industry distribution chart, JBS NV ranks #1105 out of 1352 companies in the Consumer Packaged Goods industry, placing it in the top 81.7%.
Is JBS NV's Cyclically Adjusted PB Ratio too high?
JBS NV's current Cyclically Adjusted PB Ratio of 3.24 is 20% above median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.81. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. JBS NV's value of 3.24 is 157.1% above this industry median. Based on the distribution chart, JBS NV ranks #1105 out of 1352 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, JBS NV has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JBS NV's Cyclically Adjusted PB Ratio compare to MKC and SJM?
According to the Consumer Packaged Goods industry distribution chart, JBS NV ranks #1105 out of 1352 companies for Cyclically Adjusted PB Ratio. This places JBS NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. JBS NV's value of 3.24 is 157.1% above this benchmark. Historically, JBS NV's own Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.81 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 1.26, JBS NV has consistently been above 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 a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,352 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. JBS NV's current Cyclically Adjusted PB Ratio of 3.24 is 157.1% above 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 JBS NV and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JBS NV's current Cyclically Adjusted PB Ratio is 3.24, which is 20% above median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBS NV stock overvalued right now?
Based on GuruFocus' analysis, JBS NV (BSP:JBSS32) is currently considered Modestly Undervalued. The stock's GF Value™ is R$93.72, compared to a current price of R$71.72 — trading 23.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.24, which is 20% above median its 10-year median of 2.70 and 157.1% above the Consumer Packaged Goods industry median of 1.26. JBS NV's overall GF Score™ is 77/100 with 8 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 JBS NV (BSP:JBSS32), the current Cyclically Adjusted PB Ratio is 3.24 as of Aug. 22, 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 JBS NV (BSP:JBSS32) Overvalued in 2026?

Based on GuruFocus' analysis, JBS NV stock appears to be undervalued. The current stock price of R$71.72 is trading 23.5% below its estimated GF Value™ of R$93.72. GuruFocus considers JBS NV to be Modestly Undervalued.

Key valuation signals for BSP:JBSS32:

  • Cyclically Adjusted PB Ratio: 3.24 (20% above median its 10-year median of 2.70)
  • GF Value™: R$93.72 vs. price of R$71.72 (23.5% below fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 157.1% above the Consumer Packaged Goods median (#1105 of 1352)

No single metric tells the full story. See the BSP:JBSS32 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JBS NV Business Description

Address Stroombaan 16, 5th Floor, Amstelveen, NH, NLD, 05118-100
JBS NV is a protein food company, selling protein products, which include fresh and frozen cuts of beef, pork, lamb, fish, whole chickens, and chicken parts, to retailers, and foodservice companies. The food products are marketed under different brands such as Swift, Just Bare, Pilgrim's Pride, Sunnyvalley, Reserva Friboi, Great Southern, etc., globally. The company's reportable segments are Beef North America, which generates maximum revenue, Brazil, Seara, Pork USA, Pilgrim's Pride, Australia, and Others. Geographically, it derives majority of its revenue from United States of America.
77GF Score

Get the complete analysis for BSP:JBSS32

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

R$71.72
Price
R$93.72
GF Value