Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11) Cyclically Adjusted PB Ratio: 0.31 (As of Aug. 31, 2026) — 37% Below Median

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BSP:LMAI11 Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Ltd BSP:LMAI11
58 GF Score
Price R$35.25
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What is Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Cyclically Adjusted PB Ratio?

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp BSP:LMAI11 +0.83% 58 Cyclically Adjusted PB Ratio is 0.31 as of Aug. 31, 2026, which is 37% below its 10-year median of 0.49. GuruFocus rates BSP:LMAI11 with a GF Score™ of 58/100. Among 550 REITs companies, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp ranks better than 85.45% on this metric.

As of today (2026-08-31), Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current share price is R$35.25. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was R$114.90. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio for today is 0.31.

The historical rank and industry rank for Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:LMAI11' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.49   Max: 0.74
Current: 0.31

During the past 10 years, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.30. And the median was 0.49.

BSP:LMAI11's Cyclically Adjusted PB Ratio is ranked better than
85.45% of 550 companies
in the REITs industry
Industry Median: 0.79 vs BSP:LMAI11: 0.31

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.

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's adjusted book value per share data of for the fiscal year that ended in Dec24 was R$106.180. 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$114.90 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp  (BSP:LMAI11) 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.


Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Cyclically Adjusted PB Ratio Related Terms


Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp'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.

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Cyclically Adjusted PB Ratio Chart

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.74

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Semi-Annual Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.74

BSP:LMAI11 vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp'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.


Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio falls into.


BSP:LMAI11
58GF Score
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Ltd BSP:LMAI11
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp 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.

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.25/114.90
=0.31

* 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.

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=106.18/164.7402*164.7402
=106.180

Current CPI (Dec24) = 164.7402.

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Annual Data

Book Value per Share CPI Adj_Book
201512 69.847 104.247 110.378
201612 62.348 110.802 92.699
201712 62.765 114.068 90.647
201812 99.939 118.340 139.124
201912 98.180 123.436 131.033
202012 106.965 129.012 136.587
202112 108.564 141.992 125.956
202212 100.259 150.207 109.960
202312 101.500 157.148 106.404
202412 106.180 164.740 106.180

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 0.31 mean?
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11) has a Cyclically Adjusted PB Ratio of 0.31 as of Aug. 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 Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp and its competitors. This is 37% below median its historical median of 0.49. Over the past decade, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio has ranged from 0.30 to 0.74. According to the industry distribution chart, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp ranks #80 out of 550 companies in the REITs industry, placing it in the top 14.5%.
Is Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio too high?
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Cyclically Adjusted PB Ratio of 0.31 is 37% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.74. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's value of 0.31 is 60.8% below this industry median. Based on the distribution chart, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp ranks #80 out of 550 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp ranks #80 out of 550 companies for Cyclically Adjusted PB Ratio. This places Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.79. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's value of 0.31 is 60.8% below this benchmark. Historically, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 0.74 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.79, Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.79, based on 550 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. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Cyclically Adjusted PB Ratio of 0.31 is 60.8% 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 Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's current Cyclically Adjusted PB Ratio is 0.31, which is 37% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp stock overvalued right now?
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11) has a current Cyclically Adjusted PB Ratio of 0.31. The current Cyclically Adjusted PB Ratio is 0.31, which is 37% below median its 10-year median of 0.49 and 60.8% below the REITs industry median of 0.79. Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp's overall GF Score™ is 58/100. 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 Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp (BSP:LMAI11), the current Cyclically Adjusted PB Ratio is 0.31 as of Aug. 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.

Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Business Description

Industry Real EstateREITs
Address Av Faria Lima, 2277, 17th Floor, Vila Olimpia, Sao Paulo, SP, BRA, 01452000
Labina Multi Ativos Imobiliarios Fundo De Invest Imobiliario Resp Ltd is a real estate investment fund.
58GF Score

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

R$35.25
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