JSL (BSP:JSLG3) Cyclically Adjusted PB Ratio: 0.92 (As of Jul. 31, 2026) — 28% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:JSLG3 JSL SA BSP:JSLG3
82 GF Score
Price R$5.65
GF Value R$8.88
Valuation Possible Value Trap
! 5 Warning Signs
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What is JSL Cyclically Adjusted PB Ratio?

JSL BSP:JSLG3 +1.44% 82 Cyclically Adjusted PB Ratio is 0.92 as of Jul. 31, 2026, which is 28% below its 10-year median of 1.27. GuruFocus rates BSP:JSLG3 with a GF Score™ of 82/100 and a GF Value™ of R$8.88 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 737 Transportation companies, JSL ranks better than 66.35% on this metric.

As of today (2026-07-31), JSL's current share price is R$5.65. JSL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$6.11. JSL's Cyclically Adjusted PB Ratio for today is 0.92.

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

BSP:JSLG3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.27   Max: 2.2
Current: 0.9

During the past years, JSL's highest Cyclically Adjusted PB Ratio was 2.20. The lowest was 0.75. And the median was 1.27.

BSP:JSLG3's Cyclically Adjusted PB Ratio is ranked better than
66.35% of 737 companies
in the Transportation industry
Industry Median: 1.26 vs BSP:JSLG3: 0.90

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.

JSL's adjusted book value per share data for the three months ended in Mar. 2026 was R$4.087. 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$6.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JSL  (BSP:JSLG3) 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.


JSL Cyclically Adjusted PB Ratio Related Terms


JSL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JSL'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.

JSL Cyclically Adjusted PB Ratio Chart

JSL 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 1.25 0.92 2.08 0.90 1.00

JSL 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 0.83 0.99 1.04 1.00 1.25

BSP:JSLG3 vs UPS, FDX, JBHT: Cyclically Adjusted PB Ratio Comparison

For the Integrated Freight & Logistics subindustry, JSL'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.


JSL Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, JSL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:JSLG3
82GF Score
JSL SA BSP:JSLG3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JSL 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.

JSL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.65/6.11
=0.92

* 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.

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

For example, JSL'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)
=4.087/175.0655*175.0655
=4.087

Current CPI (Mar. 2026) = 175.0655.

JSL Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.799 108.851 6.110
201609 3.814 109.986 6.071
201612 3.014 110.802 4.762
201703 3.391 111.869 5.307
201706 3.354 112.115 5.237
201709 3.397 112.777 5.273
201712 3.399 114.068 5.217
201803 3.216 114.868 4.901
201806 2.685 117.038 4.016
201809 2.988 117.881 4.437
201812 3.672 118.340 5.432
201903 4.019 120.124 5.857
201906 4.816 120.977 6.969
201909 6.243 121.292 9.011
201912 6.514 123.436 9.239
202003 6.404 124.092 9.035
202006 6.801 123.557 9.636
202009 3.844 125.095 5.380
202012 3.821 129.012 5.185
202103 4.217 131.660 5.607
202106 4.524 133.871 5.916
202109 4.725 137.913 5.998
202112 4.671 141.992 5.759
202203 4.755 146.537 5.681
202206 4.751 149.784 5.553
202209 4.880 147.800 5.780
202212 4.965 150.207 5.787
202303 5.047 153.352 5.762
202306 5.737 154.519 6.500
202309 5.916 155.464 6.662
202312 5.846 157.148 6.513
202403 5.969 159.372 6.557
202406 6.391 161.052 6.947
202409 6.527 162.342 7.039
202412 6.222 164.740 6.612
202503 6.298 168.102 6.559
202506 6.396 169.670 6.599
202509 6.456 170.739 6.620
202512 4.657 171.765 4.746
202603 4.087 175.066 4.087

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 0.92 mean?
JSL (BSP:JSLG3) has a Cyclically Adjusted PB Ratio of 0.92 as of Jul. 31, 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 JSL and its competitors. This is 28% below median its historical median of 1.27. Over the past decade, JSL's Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.20. According to the industry distribution chart, JSL ranks #248 out of 737 companies in the Transportation industry, placing it in the top 33.6%.
Is JSL's Cyclically Adjusted PB Ratio too high?
JSL's current Cyclically Adjusted PB Ratio of 0.92 is 28% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.20. The Transportation industry median Cyclically Adjusted PB Ratio is 1.26. JSL's value of 0.92 is 27% below this industry median. Based on the distribution chart, JSL ranks #248 out of 737 companies in the Transportation industry, which is above the industry midpoint. Overall, JSL has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JSL's Cyclically Adjusted PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, JSL ranks #248 out of 737 companies for Cyclically Adjusted PB Ratio. This puts JSL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. JSL's value of 0.92 is 27% below this benchmark. Historically, JSL's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.20 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.26, JSL 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 a Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.26, based on 737 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. JSL's current Cyclically Adjusted PB Ratio of 0.92 is 27% 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 JSL and its competitors. For the Transportation 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. JSL's current Cyclically Adjusted PB Ratio is 0.92, which is 28% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSL stock overvalued right now?
Based on GuruFocus' analysis, JSL (BSP:JSLG3) is currently considered Possible Value Trap. The stock's GF Value™ is R$8.88, compared to a current price of R$5.65 — trading 36.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 28% below median its 10-year median of 1.27 and 27% below the Transportation industry median of 1.26. JSL's overall GF Score™ is 82/100 with 5 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 JSL (BSP:JSLG3), the current Cyclically Adjusted PB Ratio is 0.92 as of Jul. 31, 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 JSL (BSP:JSLG3) Overvalued in 2026?

Based on GuruFocus' analysis, JSL stock appears to be undervalued. The current stock price of R$5.65 is trading 36.4% below its estimated GF Value™ of R$8.88. GuruFocus considers JSL to be Possible Value Trap.

Key valuation signals for BSP:JSLG3:

  • Cyclically Adjusted PB Ratio: 0.92 (28% below median its 10-year median of 1.27)
  • GF Value™: R$8.88 vs. price of R$5.65 (36.4% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 27% below the Transportation median (#248 of 737)

No single metric tells the full story. See the BSP:JSLG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JSL Business Description

Address Doutor Renato Paes de Barros Street, 1017 - 13th Floor, Itaim Bibi, Sao Paulo, SP, BRA, 04530-001
JSL SA is a Brazil-based logistics company. It provides services of intercity, interstate and international road freight transport; chartered passenger transport; logistical organization of freight transport; storage, handling in manufacturing plants and related activities.
82GF Score

Get the complete analysis for BSP:JSLG3

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

R$5.65
Price
R$8.88
GF Value