Moura Dubeux Engenharia (BSP:MDNE3) Cyclically Adjusted PB Ratio: 2.09 (As of Jul. 31, 2026) — 17% Below Median

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BSP:MDNE3 Moura Dubeux Engenharia SA BSP:MDNE3
86 GF Score
Price R$24.72
GF Value R$26.92
Valuation Fairly Valued
! 4 Warning Signs
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What is Moura Dubeux Engenharia Cyclically Adjusted PB Ratio?

Moura Dubeux Engenharia BSP:MDNE3 +4.04% 86 Cyclically Adjusted PB Ratio is 2.09 as of Jul. 31, 2026, which is 17% below its 10-year median of 2.51. GuruFocus rates BSP:MDNE3 with a GF Score™ of 86/100 and a GF Value™ of R$26.92 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,416 Real Estate companies, Moura Dubeux Engenharia ranks worse than 84.75% on this metric.

As of today (2026-07-31), Moura Dubeux Engenharia's current share price is R$24.72. Moura Dubeux Engenharia's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was R$11.84. Moura Dubeux Engenharia's Cyclically Adjusted PB Ratio for today is 2.09.

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

BSP:MDNE3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.93   Med: 2.51   Max: 2.9
Current: 2.01

During the past 10 years, Moura Dubeux Engenharia's highest Cyclically Adjusted PB Ratio was 2.90. The lowest was 1.93. And the median was 2.51.

BSP:MDNE3's Cyclically Adjusted PB Ratio is ranked worse than
84.75% of 1416 companies
in the Real Estate industry
Industry Median: 0.69 vs BSP:MDNE3: 2.01

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.

Moura Dubeux Engenharia's adjusted book value per share data of for the fiscal year that ended in Dec25 was R$17.854. 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$11.84 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moura Dubeux Engenharia  (BSP:MDNE3) 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.


Moura Dubeux Engenharia Cyclically Adjusted PB Ratio Related Terms


Moura Dubeux Engenharia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Moura Dubeux Engenharia'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.

Moura Dubeux Engenharia Cyclically Adjusted PB Ratio Chart

Moura Dubeux Engenharia 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 0.00 0.00 2.30

Moura Dubeux Engenharia 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 0.00 0.00 0.00 2.30 0.00

BSP:MDNE3 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Moura Dubeux Engenharia'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.


Moura Dubeux Engenharia Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Moura Dubeux Engenharia's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Moura Dubeux Engenharia's Cyclically Adjusted PB Ratio falls into.


BSP:MDNE3
86GF Score
Moura Dubeux Engenharia SA BSP:MDNE3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Moura Dubeux Engenharia 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.

Moura Dubeux Engenharia's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.72/11.84
=2.09

* 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.

Moura Dubeux Engenharia's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Moura Dubeux Engenharia's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=17.854/171.7653*171.7653
=17.854

Current CPI (Dec25) = 171.7653.

Moura Dubeux Engenharia Annual Data

Book Value per Share CPI Adj_Book
201612 4.241 110.802 6.574
201712 4.185 114.068 6.302
201812 1.991 118.340 2.890
201912 0.953 123.436 1.326
202012 11.756 129.012 15.652
202112 12.574 141.992 15.211
202212 14.104 150.207 16.128
202312 15.912 157.148 17.392
202412 18.259 164.740 19.038
202512 17.854 171.765 17.854

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 2.09 mean?
Moura Dubeux Engenharia (BSP:MDNE3) has a Cyclically Adjusted PB Ratio of 2.09 as of Jul. 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 Moura Dubeux Engenharia and its competitors. This is 17% below median its historical median of 2.51. Over the past decade, Moura Dubeux Engenharia's Cyclically Adjusted PB Ratio has ranged from 1.93 to 2.90. According to the industry distribution chart, Moura Dubeux Engenharia ranks #1200 out of 1416 companies in the Real Estate industry, placing it in the top 84.7%.
Is Moura Dubeux Engenharia's Cyclically Adjusted PB Ratio too high?
Moura Dubeux Engenharia's current Cyclically Adjusted PB Ratio of 2.09 is 17% below median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 2.90. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Moura Dubeux Engenharia's value of 2.09 is 202.9% above this industry median. Based on the distribution chart, Moura Dubeux Engenharia ranks #1200 out of 1416 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Moura Dubeux Engenharia has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Moura Dubeux Engenharia's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Moura Dubeux Engenharia ranks #1200 out of 1416 companies for Cyclically Adjusted PB Ratio. This places Moura Dubeux Engenharia in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Moura Dubeux Engenharia's value of 2.09 is 202.9% above this benchmark. Historically, Moura Dubeux Engenharia's own Cyclically Adjusted PB Ratio has ranged from 1.93 to 2.90 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 0.69, Moura Dubeux Engenharia 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,416 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. Moura Dubeux Engenharia's current Cyclically Adjusted PB Ratio of 2.09 is 202.9% 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 Moura Dubeux Engenharia and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moura Dubeux Engenharia's current Cyclically Adjusted PB Ratio is 2.09, which is 17% below median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moura Dubeux Engenharia stock overvalued right now?
Based on GuruFocus' analysis, Moura Dubeux Engenharia (BSP:MDNE3) is currently considered Fairly Valued. The stock's GF Value™ is R$26.92, compared to a current price of R$24.72 — trading 8.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.09, which is 17% below median its 10-year median of 2.51 and 202.9% above the Real Estate industry median of 0.69. Moura Dubeux Engenharia's overall GF Score™ is 86/100 with 4 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 Moura Dubeux Engenharia (BSP:MDNE3), the current Cyclically Adjusted PB Ratio is 2.09 as of Jul. 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.

Is Moura Dubeux Engenharia (BSP:MDNE3) Overvalued in 2026?

Based on GuruFocus' analysis, Moura Dubeux Engenharia stock appears to be undervalued. The current stock price of R$24.72 is trading 8.2% below its estimated GF Value™ of R$26.92. GuruFocus considers Moura Dubeux Engenharia to be Fairly Valued.

Key valuation signals for BSP:MDNE3:

  • Cyclically Adjusted PB Ratio: 2.09 (17% below median its 10-year median of 2.51)
  • GF Value™: R$26.92 vs. price of R$24.72 (8.2% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 202.9% above the Real Estate median (#1200 of 1416)

No single metric tells the full story. See the BSP:MDNE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moura Dubeux Engenharia Business Description

Address Avenida Engenheiro Domingos Ferreira, no 467, 13th floor part, Pina, Recife, PE, BRA, 51011-050
Moura Dubeux Engenharia SA is a real estate developer and builder. The company has two operating segments which include Development and Construction administration services.
86GF Score

Get the complete analysis for BSP:MDNE3

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

R$24.72
Price
R$26.92
GF Value