MAHLE-Metal Leve (BSP:LEVE3) Cyclically Adjusted PB Ratio: 2.39 (As of Jul. 20, 2026) — 16% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:LEVE3 MAHLE-Metal Leve SA BSP:LEVE3
83 GF Score
Price R$31.40
GF Value R$36.63
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is MAHLE-Metal Leve Cyclically Adjusted PB Ratio?

MAHLE-Metal Leve BSP:LEVE3 -0.63% 83 Cyclically Adjusted PB Ratio is 2.39 as of Jul. 20, 2026, which is 16% above its 10-year median of 2.06. GuruFocus rates BSP:LEVE3 with a GF Score™ of 83/100 and a GF Value™ of R$36.63 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,032 Vehicles & Parts companies, MAHLE-Metal Leve ranks worse than 67.93% on this metric.

As of today (2026-07-20), MAHLE-Metal Leve's current share price is R$31.40. MAHLE-Metal Leve's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$13.16. MAHLE-Metal Leve's Cyclically Adjusted PB Ratio for today is 2.39.

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

BSP:LEVE3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 2.06   Max: 3.45
Current: 2.39

During the past years, MAHLE-Metal Leve's highest Cyclically Adjusted PB Ratio was 3.45. The lowest was 1.10. And the median was 2.06.

BSP:LEVE3's Cyclically Adjusted PB Ratio is ranked worse than
67.93% of 1032 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs BSP:LEVE3: 2.39

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.

MAHLE-Metal Leve's adjusted book value per share data for the three months ended in Mar. 2026 was R$7.903. 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$13.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MAHLE-Metal Leve  (BSP:LEVE3) 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.


MAHLE-Metal Leve Cyclically Adjusted PB Ratio Related Terms


MAHLE-Metal Leve Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MAHLE-Metal Leve'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.

MAHLE-Metal Leve Cyclically Adjusted PB Ratio Chart

MAHLE-Metal Leve 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 2.14 2.11 2.50 2.00 2.60

MAHLE-Metal Leve 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 2.07 2.24 2.05 2.60 2.66

BSP:LEVE3 vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, MAHLE-Metal Leve'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.


MAHLE-Metal Leve Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MAHLE-Metal Leve's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where MAHLE-Metal Leve's Cyclically Adjusted PB Ratio falls into.


BSP:LEVE3
83GF Score
MAHLE-Metal Leve SA BSP:LEVE3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MAHLE-Metal Leve 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.

MAHLE-Metal Leve's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.40/13.16
=2.39

* 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.

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

For example, MAHLE-Metal Leve'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)
=7.903/175.0655*175.0655
=7.903

Current CPI (Mar. 2026) = 175.0655.

MAHLE-Metal Leve Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.443 108.851 16.796
201609 10.578 109.986 16.837
201612 9.450 110.802 14.931
201703 9.777 111.869 15.300
201706 10.148 112.115 15.846
201709 10.438 112.777 16.203
201712 10.404 114.068 15.968
201803 10.871 114.868 16.568
201806 9.820 117.038 14.689
201809 10.414 117.881 15.466
201812 10.414 118.340 15.406
201903 10.811 120.124 15.756
201906 9.837 120.977 14.235
201909 10.138 121.292 14.633
201912 10.008 123.436 14.194
202003 10.282 124.092 14.506
202006 9.983 123.557 14.145
202009 10.271 125.095 14.374
202012 10.349 129.012 14.043
202103 11.326 131.660 15.060
202106 12.053 133.871 15.762
202109 13.204 137.913 16.761
202112 13.166 141.992 16.233
202203 13.618 146.537 16.269
202206 11.347 149.784 13.262
202209 12.646 147.800 14.979
202212 12.182 150.207 14.198
202303 13.240 153.352 15.115
202306 10.946 154.519 12.402
202309 12.043 155.464 13.561
202312 6.717 157.148 7.483
202403 8.172 159.372 8.977
202406 7.331 161.052 7.969
202409 8.184 162.342 8.825
202412 5.670 164.740 6.025
202503 6.542 168.102 6.813
202506 5.453 169.670 5.626
202509 6.470 170.739 6.634
202512 6.356 171.765 6.478
202603 7.903 175.066 7.903

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 2.39 mean?
MAHLE-Metal Leve (BSP:LEVE3) has a Cyclically Adjusted PB Ratio of 2.39 as of Jul. 20, 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 MAHLE-Metal Leve and its competitors. This is 16% above median its historical median of 2.06. Over the past decade, MAHLE-Metal Leve's Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.45. According to the industry distribution chart, MAHLE-Metal Leve ranks #701 out of 1032 companies in the Vehicles & Parts industry, placing it in the top 67.9%.
Is MAHLE-Metal Leve's Cyclically Adjusted PB Ratio too high?
MAHLE-Metal Leve's current Cyclically Adjusted PB Ratio of 2.39 is 16% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.45. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.27. MAHLE-Metal Leve's value of 2.39 is 88.2% above this industry median. Based on the distribution chart, MAHLE-Metal Leve ranks #701 out of 1032 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, MAHLE-Metal Leve has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MAHLE-Metal Leve's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, MAHLE-Metal Leve ranks #701 out of 1032 companies for Cyclically Adjusted PB Ratio. This places MAHLE-Metal Leve in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. MAHLE-Metal Leve's value of 2.39 is 88.2% above this benchmark. Historically, MAHLE-Metal Leve's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.45 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.27, MAHLE-Metal Leve 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.27, based on 1,032 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. MAHLE-Metal Leve's current Cyclically Adjusted PB Ratio of 2.39 is 88.2% 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 MAHLE-Metal Leve and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAHLE-Metal Leve's current Cyclically Adjusted PB Ratio is 2.39, which is 16% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAHLE-Metal Leve stock overvalued right now?
Based on GuruFocus' analysis, MAHLE-Metal Leve (BSP:LEVE3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$36.63, compared to a current price of R$31.40 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.39, which is 16% above median its 10-year median of 2.06 and 88.2% above the Vehicles & Parts industry median of 1.27. MAHLE-Metal Leve's overall GF Score™ is 83/100 with 1 warning sign 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 MAHLE-Metal Leve (BSP:LEVE3), the current Cyclically Adjusted PB Ratio is 2.39 as of Jul. 20, 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 MAHLE-Metal Leve (BSP:LEVE3) Overvalued in 2026?

Based on GuruFocus' analysis, MAHLE-Metal Leve stock appears to be undervalued. The current stock price of R$31.40 is trading 14.3% below its estimated GF Value™ of R$36.63. GuruFocus considers MAHLE-Metal Leve to be Modestly Undervalued.

Key valuation signals for BSP:LEVE3:

  • Cyclically Adjusted PB Ratio: 2.39 (16% above median its 10-year median of 2.06)
  • GF Value™: R$36.63 vs. price of R$31.40 (14.3% below fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 88.2% above the Vehicles & Parts median (#701 of 1032)

No single metric tells the full story. See the BSP:LEVE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MAHLE-Metal Leve Business Description

Address Ernst Mahle Avenue, number 2000, Mogi Guacu, SP, BRA, 13846-146
MAHLE-Metal Leve SA automotive parts company that manufactures and sells components for internal combustion engines and automotive filters. It manufactures reliable products with cutting-edge technology and is continuously investing in the research and development of new products and production processes. It operates in the OE segment, where it supplies vehicle manufacturers, and in the Aftermarket segment, where it supplies partners in trade, workshops, and engine repair shops. The company operates in two segments, which include Powertrain and Charging and Thermal and Fluid Systems.
83GF Score

Get the complete analysis for BSP:LEVE3

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

R$31.40
Price
R$36.63
GF Value