Marfrig Global Foods (BSP:MBRF3) Cyclically Adjusted PB Ratio: 2.76 (As of Jul. 25, 2026) — 50% Above Median

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BSP:MBRF3 Marfrig Global Foods SA BSP:MBRF3
59 GF Score
Price R$14.84
GF Value R$10.44
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Marfrig Global Foods Cyclically Adjusted PB Ratio?

Marfrig Global Foods BSP:MBRF3 -4.81% 59 Cyclically Adjusted PB Ratio is 2.76 as of Jul. 25, 2026, which is 50% above its 10-year median of 1.84. GuruFocus rates BSP:MBRF3 with a GF Score™ of 59/100 and a GF Value™ of R$10.44 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,439 Consumer Packaged Goods companies, Marfrig Global Foods ranks worse than 76.79% on this metric.

As of today (2026-07-25), Marfrig Global Foods's current share price is R$14.84. Marfrig Global Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$5.37. Marfrig Global Foods's Cyclically Adjusted PB Ratio for today is 2.76.

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

BSP:MBRF3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.84   Max: 5.39
Current: 2.76

During the past years, Marfrig Global Foods's highest Cyclically Adjusted PB Ratio was 5.39. The lowest was 0.46. And the median was 1.84.

BSP:MBRF3's Cyclically Adjusted PB Ratio is ranked worse than
76.79% of 1439 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs BSP:MBRF3: 2.76

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.

Marfrig Global Foods's adjusted book value per share data for the three months ended in Mar. 2026 was R$8.152. 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$5.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marfrig Global Foods  (BSP:MBRF3) 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.


Marfrig Global Foods Cyclically Adjusted PB Ratio Related Terms


Marfrig Global Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Marfrig Global Foods'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.

Marfrig Global Foods Cyclically Adjusted PB Ratio Chart

Marfrig Global Foods 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 3.59 1.75 2.09 3.71 3.89

Marfrig Global Foods 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 3.84 4.80 3.92 3.89 4.03

BSP:MBRF3 vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Marfrig Global Foods'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.


Marfrig Global Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Marfrig Global Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:MBRF3
59GF Score
Marfrig Global Foods SA BSP:MBRF3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marfrig Global Foods 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.

Marfrig Global Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.84/5.37
=2.76

* 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.

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

For example, Marfrig Global Foods'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)
=8.152/175.0655*175.0655
=8.152

Current CPI (Mar. 2026) = 175.0655.

Marfrig Global Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.929 108.851 4.711
201609 2.561 109.986 4.076
201612 1.729 110.802 2.732
201703 4.478 111.869 7.008
201706 3.979 112.115 6.213
201709 4.146 112.777 6.436
201712 3.831 114.068 5.880
201803 3.494 114.868 5.325
201806 1.018 117.038 1.523
201809 0.329 117.881 0.489
201812 1.082 118.340 1.601
201903 1.150 120.124 1.676
201906 1.349 120.977 1.952
201909 0.565 121.292 0.815
201912 0.877 123.436 1.244
202003 -1.473 124.092 -2.078
202006 0.524 123.557 0.742
202009 1.377 125.095 1.927
202012 3.010 129.012 4.084
202103 3.339 131.660 4.440
202106 6.082 133.871 7.954
202109 7.071 137.913 8.976
202112 5.866 141.992 7.232
202203 5.060 146.537 6.045
202206 10.522 149.784 12.298
202209 10.298 147.800 12.198
202212 8.395 150.207 9.784
202303 7.285 153.352 8.316
202306 6.327 154.519 7.168
202309 6.540 155.464 7.365
202312 8.213 157.148 9.149
202403 7.946 159.372 8.728
202406 6.266 161.052 6.811
202409 6.058 162.342 6.533
202412 3.201 164.740 3.402
202503 3.286 168.102 3.422
202506 3.395 169.670 3.503
202509 8.498 170.739 8.713
202512 8.035 171.765 8.189
202603 8.152 175.066 8.152

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 2.76 mean?
Marfrig Global Foods (BSP:MBRF3) has a Cyclically Adjusted PB Ratio of 2.76 as of Jul. 25, 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 Marfrig Global Foods and its competitors. This is 50% above median its historical median of 1.84. Over the past decade, Marfrig Global Foods' Cyclically Adjusted PB Ratio has ranged from 0.46 to 5.39. According to the industry distribution chart, Marfrig Global Foods ranks #1105 out of 1439 companies in the Consumer Packaged Goods industry, placing it in the top 76.8%.
Is Marfrig Global Foods' Cyclically Adjusted PB Ratio too high?
Marfrig Global Foods' current Cyclically Adjusted PB Ratio of 2.76 is 50% above median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 5.39. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Marfrig Global Foods' value of 2.76 is 117.3% above this industry median. Based on the distribution chart, Marfrig Global Foods ranks #1105 out of 1439 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Marfrig Global Foods has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marfrig Global Foods' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Marfrig Global Foods ranks #1105 out of 1439 companies for Cyclically Adjusted PB Ratio. This places Marfrig Global Foods in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Marfrig Global Foods' value of 2.76 is 117.3% above this benchmark. Historically, Marfrig Global Foods' own Cyclically Adjusted PB Ratio has ranged from 0.46 to 5.39 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.27, Marfrig Global Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,439 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. Marfrig Global Foods's current Cyclically Adjusted PB Ratio of 2.76 is 117.3% 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 Marfrig Global Foods and its competitors. For the Consumer Packaged Goods 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. Marfrig Global Foods's current Cyclically Adjusted PB Ratio is 2.76, which is 50% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marfrig Global Foods stock overvalued right now?
Based on GuruFocus' analysis, Marfrig Global Foods (BSP:MBRF3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.44, compared to a current price of R$14.84 — trading 42.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.76, which is 50% above median its 10-year median of 1.84 and 117.3% above the Consumer Packaged Goods industry median of 1.27. Marfrig Global Foods' overall GF Score™ is 59/100 with 6 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 Marfrig Global Foods (BSP:MBRF3), the current Cyclically Adjusted PB Ratio is 2.76 as of Jul. 25, 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 Marfrig Global Foods (BSP:MBRF3) Overvalued in 2026?

Based on GuruFocus' analysis, Marfrig Global Foods stock appears to be overvalued. The current stock price of R$14.84 is trading 42.1% above its estimated GF Value™ of R$10.44. GuruFocus considers Marfrig Global Foods to be Significantly Overvalued.

Key valuation signals for BSP:MBRF3:

  • Cyclically Adjusted PB Ratio: 2.76 (50% above median its 10-year median of 1.84)
  • GF Value™: R$10.44 vs. price of R$14.84 (42.1% above fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 117.3% above the Consumer Packaged Goods median (#1105 of 1439)

No single metric tells the full story. See the BSP:MBRF3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marfrig Global Foods Business Description

Other Exchanges MBRFY:USAMGP1:Germany
Address Avenida Queiroz Filho, 1560, Torre Sabia, 3rd Floor, Vila Hamburguesa, Sao Paulo, SP, BRA, 05319-000
Marfrig Global Foods SA is a Processing of products (formed by cattle slaughter facilities in operation, which are also used in beef processing, and for the manufacture of animal nutrition products) and sale of animal-based (beef, pork, lamb, fish, and poultry) and plant-based proteins. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF, and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.
59GF Score

Get the complete analysis for BSP:MBRF3

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

R$14.84
Price
R$10.44
GF Value