Lojas Renner (BSP:LREN3) Cyclically Adjusted PB Ratio: 1.62 (As of Jul. 18, 2026) — 73% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:LREN3 Lojas Renner SA BSP:LREN3
97 GF Score
Price R$13.42
GF Value R$17.29
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Lojas Renner Cyclically Adjusted PB Ratio?

Lojas Renner BSP:LREN3 -1.68% 97 Cyclically Adjusted PB Ratio is 1.62 as of Jul. 18, 2026, which is 73% below its 10-year median of 6.00. GuruFocus rates BSP:LREN3 with a GF Score™ of 97/100 and a GF Value™ of R$17.29 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 810 Retail - Cyclical companies, Lojas Renner ranks worse than 62.35% on this metric.

As of today (2026-07-18), Lojas Renner's current share price is R$13.42. Lojas Renner's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$8.28. Lojas Renner's Cyclically Adjusted PB Ratio for today is 1.62.

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

BSP:LREN3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.62   Med: 6   Max: 17.94
Current: 1.77

During the past years, Lojas Renner's highest Cyclically Adjusted PB Ratio was 17.94. The lowest was 1.62. And the median was 6.00.

BSP:LREN3's Cyclically Adjusted PB Ratio is ranked worse than
62.35% of 810 companies
in the Retail - Cyclical industry
Industry Median: 1.255 vs BSP:LREN3: 1.77

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.

Lojas Renner's adjusted book value per share data for the three months ended in Mar. 2026 was R$10.617. 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$8.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lojas Renner  (BSP:LREN3) 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.


Lojas Renner Cyclically Adjusted PB Ratio Related Terms


Lojas Renner Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lojas Renner'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.

Lojas Renner Cyclically Adjusted PB Ratio Chart

Lojas Renner 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 5.32 3.65 2.63 1.73 1.69

Lojas Renner 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 1.67 2.61 1.95 1.69 1.81

BSP:LREN3 vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Lojas Renner'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.


Lojas Renner Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lojas Renner's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:LREN3
97GF Score
Lojas Renner SA BSP:LREN3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lojas Renner 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.

Lojas Renner's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.42/8.28
=1.62

* 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.

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

For example, Lojas Renner'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)
=10.617/175.0655*175.0655
=10.617

Current CPI (Mar. 2026) = 175.0655.

Lojas Renner Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.427 108.851 3.903
201609 2.496 109.986 3.973
201612 2.781 110.802 4.394
201703 2.818 111.869 4.410
201706 2.956 112.115 4.616
201709 3.058 112.777 4.747
201712 3.376 114.068 5.181
201803 3.423 114.868 5.217
201806 3.611 117.038 5.401
201809 3.756 117.881 5.578
201812 4.106 118.340 6.074
201903 4.213 120.124 6.140
201906 4.257 120.977 6.160
201909 4.416 121.292 6.374
201912 4.846 123.436 6.873
202003 4.851 124.092 6.844
202006 5.614 123.557 7.954
202009 5.471 125.095 7.656
202012 5.688 129.012 7.718
202103 5.546 131.660 7.374
202106 8.620 133.871 11.273
202109 8.763 137.913 11.124
202112 9.045 141.992 11.152
202203 8.919 146.537 10.655
202206 9.057 149.784 10.586
202209 9.183 147.800 10.877
202212 9.450 150.207 11.014
202303 9.195 153.352 10.497
202306 9.240 154.519 10.469
202309 9.290 155.464 10.461
202312 9.558 157.148 10.648
202403 9.603 159.372 10.549
202406 9.810 161.052 10.664
202409 9.883 162.342 10.658
202412 10.243 164.740 10.885
202503 10.167 168.102 10.588
202506 10.295 169.670 10.622
202509 10.269 170.739 10.529
202512 10.646 171.765 10.851
202603 10.617 175.066 10.617

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 1.62 mean?
Lojas Renner (BSP:LREN3) has a Cyclically Adjusted PB Ratio of 1.62 as of Jul. 18, 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 Lojas Renner and its competitors. This is 73% below median its historical median of 6.00. Over the past decade, Lojas Renner's Cyclically Adjusted PB Ratio has ranged from 1.62 to 17.94. According to the industry distribution chart, Lojas Renner ranks #505 out of 810 companies in the Retail - Cyclical industry, placing it in the top 62.3%.
Is Lojas Renner's Cyclically Adjusted PB Ratio too high?
Lojas Renner's current Cyclically Adjusted PB Ratio of 1.62 is 73% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 17.94. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.26. Lojas Renner's value of 1.62 is 29.1% above this industry median. Based on the distribution chart, Lojas Renner ranks #505 out of 810 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Lojas Renner has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lojas Renner's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Lojas Renner ranks #505 out of 810 companies for Cyclically Adjusted PB Ratio. This places Lojas Renner in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Lojas Renner's value of 1.62 is 29.1% above this benchmark. Historically, Lojas Renner's own Cyclically Adjusted PB Ratio has ranged from 1.62 to 17.94 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 1.26, Lojas Renner 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.26, based on 810 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. Lojas Renner's current Cyclically Adjusted PB Ratio of 1.62 is 29.1% 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 Lojas Renner and its competitors. For the Retail - Cyclical 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. Lojas Renner's current Cyclically Adjusted PB Ratio is 1.62, which is 73% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lojas Renner stock overvalued right now?
Based on GuruFocus' analysis, Lojas Renner (BSP:LREN3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$17.29, compared to a current price of R$13.42 — trading 22.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.62, which is 73% below median its 10-year median of 6.00 and 29.1% above the Retail - Cyclical industry median of 1.26. Lojas Renner's overall GF Score™ is 97/100 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 Lojas Renner (BSP:LREN3), the current Cyclically Adjusted PB Ratio is 1.62 as of Jul. 18, 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 Lojas Renner (BSP:LREN3) Overvalued in 2026?

Based on GuruFocus' analysis, Lojas Renner stock appears to be undervalued. The current stock price of R$13.42 is trading 22.4% below its estimated GF Value™ of R$17.29. GuruFocus considers Lojas Renner to be Modestly Undervalued.

Key valuation signals for BSP:LREN3:

  • Cyclically Adjusted PB Ratio: 1.62 (73% below median its 10-year median of 6.00)
  • GF Value™: R$17.29 vs. price of R$13.42 (22.4% below fair value)
  • GF Score™: 97/100 with 1 warning sign
  • Industry Position: 29.1% above the Retail - Cyclical median (#505 of 810)

No single metric tells the full story. See the BSP:LREN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lojas Renner Business Description

Address Avenida Joaquim Porto Villanova, 401 - B, Jardim do Salso, Porto Alegre, RS, BRA, 91410-400
Lojas Renner SA is an omnichannel fashion retailer in Brazil, bringing together the Renner, Camicado, Youcom, Realize, and Repassa brands in a fashion and lifestyle ecosystem that connects customers through digital channels and physical stores distributed across Brazil, Argentina, and Uruguay. It operates in two segments namely Retail engaged in trade of clothing, perfumery, cosmetics, watches and home & decoration, urban deliveries and logistics management solutions covering the operations of Renner, Camicado, Youcom, Repassa, Uello and operations in Uruguay and Argentina; and Financial products engaged in granting of individual and corporate loans, financing of purchases, insurance and the practice of receivables and payables inherent to credit, financing and investment companies.
97GF Score

Get the complete analysis for BSP:LREN3

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

R$13.42
Price
R$17.29
GF Value