LOG Commercial Properties Participacoes (BSP:LOGG3) Cyclically Adjusted PB Ratio: 0.65 (As of Jul. 14, 2026) — Near Median

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BSP:LOGG3 LOG Commercial Properties Participacoes SA BSP:LOGG3
90 GF Score
Price R$26.11
GF Value R$27.46
Valuation Fairly Valued
! 5 Warning Signs
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What is LOG Commercial Properties Participacoes Cyclically Adjusted PB Ratio?

LOG Commercial Properties Participacoes BSP:LOGG3 -3.01% 90 Cyclically Adjusted PB Ratio is 0.65 as of Jul. 14, 2026, which is 3% below its 10-year median of 0.67. GuruFocus rates BSP:LOGG3 with a GF Score™ of 90/100 and a GF Value™ of R$27.46 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,442 Real Estate companies, LOG Commercial Properties Participacoes ranks better than 52.77% on this metric.

As of today (2026-07-14), LOG Commercial Properties Participacoes's current share price is R$26.11. LOG Commercial Properties Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$40.17. LOG Commercial Properties Participacoes's Cyclically Adjusted PB Ratio for today is 0.65.

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

BSP:LOGG3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.67   Max: 0.87
Current: 0.67

During the past years, LOG Commercial Properties Participacoes's highest Cyclically Adjusted PB Ratio was 0.87. The lowest was 0.48. And the median was 0.67.

BSP:LOGG3's Cyclically Adjusted PB Ratio is ranked better than
52.77% of 1442 companies
in the Real Estate industry
Industry Median: 0.71 vs BSP:LOGG3: 0.67

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.

LOG Commercial Properties Participacoes's adjusted book value per share data for the three months ended in Mar. 2026 was R$42.802. 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$40.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LOG Commercial Properties Participacoes  (BSP:LOGG3) 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.


LOG Commercial Properties Participacoes Cyclically Adjusted PB Ratio Related Terms


LOG Commercial Properties Participacoes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for LOG Commercial Properties Participacoes'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.

LOG Commercial Properties Participacoes Cyclically Adjusted PB Ratio Chart

LOG Commercial Properties Participacoes 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 0.00 0.00 0.72 0.52 0.63

LOG Commercial Properties Participacoes 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 0.51 0.57 0.62 0.63 0.69

BSP:LOGG3 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, LOG Commercial Properties Participacoes'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.


LOG Commercial Properties Participacoes Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, LOG Commercial Properties Participacoes's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where LOG Commercial Properties Participacoes's Cyclically Adjusted PB Ratio falls into.


BSP:LOGG3
90GF Score
LOG Commercial Properties Participacoes SA BSP:LOGG3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LOG Commercial Properties Participacoes 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.

LOG Commercial Properties Participacoes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.11/40.17
=0.65

* 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.

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

For example, LOG Commercial Properties Participacoes'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)
=42.802/175.0655*175.0655
=42.802

Current CPI (Mar. 2026) = 175.0655.

LOG Commercial Properties Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.825 108.851 14.193
201609 8.863 109.986 14.107
201612 10.324 110.802 16.312
201703 10.365 111.869 16.220
201706 30.278 112.115 47.279
201709 27.532 112.777 42.738
201712 29.175 114.068 44.776
201803 30.630 114.868 46.682
201806 30.815 117.038 46.093
201809 31.024 117.881 46.074
201812 31.016 118.340 45.883
201903 30.612 120.124 44.613
201906 30.833 120.977 44.618
201909 31.135 121.292 44.938
201912 28.768 123.436 40.801
202003 28.974 124.092 40.876
202006 29.227 123.557 41.411
202009 29.901 125.095 41.845
202012 29.959 129.012 40.653
202103 31.037 131.660 41.269
202106 31.797 133.871 41.582
202109 32.798 137.913 41.634
202112 32.752 141.992 40.381
202203 34.057 146.537 40.687
202206 35.096 149.784 41.020
202209 36.269 147.800 42.960
202212 35.880 150.207 41.818
202303 36.162 153.352 41.282
202306 36.504 154.519 41.358
202309 37.015 155.464 41.682
202312 37.136 157.148 41.370
202403 37.416 159.372 41.100
202406 38.869 161.052 42.251
202409 41.078 162.342 44.297
202412 41.204 164.740 43.787
202503 42.218 168.102 43.967
202506 42.992 169.670 44.359
202509 44.049 170.739 45.165
202512 41.258 171.765 42.051
202603 42.802 175.066 42.802

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 0.65 mean?
LOG Commercial Properties Participacoes (BSP:LOGG3) has a Cyclically Adjusted PB Ratio of 0.65 as of Jul. 14, 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 LOG Commercial Properties Participacoes and its competitors. This is near median its historical median of 0.67. Over the past decade, LOG Commercial Properties Participacoes' Cyclically Adjusted PB Ratio has ranged from 0.48 to 0.87. According to the industry distribution chart, LOG Commercial Properties Participacoes ranks #681 out of 1442 companies in the Real Estate industry, placing it in the top 47.2%.
Is LOG Commercial Properties Participacoes' Cyclically Adjusted PB Ratio too high?
LOG Commercial Properties Participacoes' current Cyclically Adjusted PB Ratio of 0.65 is near median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 0.87. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. LOG Commercial Properties Participacoes' value of 0.65 is 8.5% below this industry median. Based on the distribution chart, LOG Commercial Properties Participacoes ranks #681 out of 1442 companies in the Real Estate industry, which is above the industry midpoint. Overall, LOG Commercial Properties Participacoes has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LOG Commercial Properties Participacoes' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, LOG Commercial Properties Participacoes ranks #681 out of 1442 companies for Cyclically Adjusted PB Ratio. This puts LOG Commercial Properties Participacoes in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.71. LOG Commercial Properties Participacoes' value of 0.65 is 8.5% below this benchmark. Historically, LOG Commercial Properties Participacoes' own Cyclically Adjusted PB Ratio has ranged from 0.48 to 0.87 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.71, LOG Commercial Properties Participacoes 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,442 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. LOG Commercial Properties Participacoes's current Cyclically Adjusted PB Ratio of 0.65 is 8.5% 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 LOG Commercial Properties Participacoes and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LOG Commercial Properties Participacoes's current Cyclically Adjusted PB Ratio is 0.65, which is near median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LOG Commercial Properties Participacoes stock overvalued right now?
Based on GuruFocus' analysis, LOG Commercial Properties Participacoes (BSP:LOGG3) is currently considered Fairly Valued. The stock's GF Value™ is R$27.46, compared to a current price of R$26.11 — trading 4.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.65, which is near median its 10-year median of 0.67 and 8.5% below the Real Estate industry median of 0.71. LOG Commercial Properties Participacoes' overall GF Score™ is 90/100 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 LOG Commercial Properties Participacoes (BSP:LOGG3), the current Cyclically Adjusted PB Ratio is 0.65 as of Jul. 14, 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 LOG Commercial Properties Participacoes (BSP:LOGG3) Overvalued in 2026?

Based on GuruFocus' analysis, LOG Commercial Properties Participacoes stock appears to be undervalued. The current stock price of R$26.11 is trading 4.9% below its estimated GF Value™ of R$27.46. GuruFocus considers LOG Commercial Properties Participacoes to be Fairly Valued.

Key valuation signals for BSP:LOGG3:

  • Cyclically Adjusted PB Ratio: 0.65 (near median its 10-year median of 0.67)
  • GF Value™: R$27.46 vs. price of R$26.11 (4.9% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 8.5% below the Real Estate median (#681 of 1442)

No single metric tells the full story. See the BSP:LOGG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LOG Commercial Properties Participacoes Business Description

Address 621 Professor Mario Werneck Avenue, 10th Floor, Estoril, Belo Horizonte, MG, BRA, 30455-610
LOG Commercial Properties Participacoes SA is engaged in the following activities: (i) management of own and third party assets; (ii) rendering engineering and construction services for residential and/or commercial properties; (iii) development, construction, rent and related services, including real estate consulting, on own or third-party residential and/or commercial buildings, mainly warehouses; (iv) intermediation in the supply of goods and services in the commercial real estate segment; and (v) holding interests in other entities, either as partner or shareholder. The majority of the company's revenue is derived in the form of Rental revenue.
90GF Score

Get the complete analysis for BSP:LOGG3

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

R$26.11
Price
R$27.46
GF Value