International Meal Co Alimentacao (BSP:MEAL3) Cyclically Adjusted PB Ratio: 0.11 (As of Sep. 04, 2026) — 50% Below Median

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BSP:MEAL3 International Meal Co Alimentacao SA BSP:MEAL3
48 GF Score
Price R$0.66
GF Value R$1.49
Valuation Possible Value Trap
! 3 Warning Signs
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What is International Meal Co Alimentacao Cyclically Adjusted PB Ratio?

International Meal Co Alimentacao BSP:MEAL3 48 Cyclically Adjusted PB Ratio is 0.11 as of Sep. 04, 2026, which is 50% below its 10-year median of 0.22. GuruFocus rates BSP:MEAL3 with a GF Score™ of 48/100 and a GF Value™ of R$1.49 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 249 Restaurants companies, International Meal Co Alimentacao ranks better than 97.19% on this metric.

As of today (2026-09-04), International Meal Co Alimentacao's current share price is R$0.66. International Meal Co Alimentacao's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$6.26. International Meal Co Alimentacao's Cyclically Adjusted PB Ratio for today is 0.11.

The historical rank and industry rank for International Meal Co Alimentacao's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:MEAL3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.22   Max: 0.78
Current: 0.11

During the past years, International Meal Co Alimentacao's highest Cyclically Adjusted PB Ratio was 0.78. The lowest was 0.09. And the median was 0.22.

BSP:MEAL3's Cyclically Adjusted PB Ratio is ranked better than
97.19% of 249 companies
in the Restaurants industry
Industry Median: 1.77 vs BSP:MEAL3: 0.11

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.

International Meal Co Alimentacao's adjusted book value per share data for the three months ended in Jun. 2026 was R$2.624. 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$6.26 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Meal Co Alimentacao  (BSP:MEAL3) 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.


International Meal Co Alimentacao Cyclically Adjusted PB Ratio Related Terms


International Meal Co Alimentacao Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for International Meal Co Alimentacao'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.

International Meal Co Alimentacao Cyclically Adjusted PB Ratio Chart

International Meal Co Alimentacao 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 0.23 0.28 0.23 0.13 0.20

International Meal Co Alimentacao Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.17 0.20 0.20 0.15 0.15

BSP:MEAL3 vs MCD, SBUX, CMG: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, International Meal Co Alimentacao'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.


International Meal Co Alimentacao Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, International Meal Co Alimentacao's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where International Meal Co Alimentacao's Cyclically Adjusted PB Ratio falls into.


BSP:MEAL3
48GF Score
International Meal Co Alimentacao SA BSP:MEAL3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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International Meal Co Alimentacao 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.

International Meal Co Alimentacao's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.66/6.26
=0.11

* 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.

International Meal Co Alimentacao's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, International Meal Co Alimentacao's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.624/177.5443*177.5443
=2.624

Current CPI (Jun. 2026) = 177.5443.

International Meal Co Alimentacao Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.842 109.986 11.045
201612 6.361 110.802 10.193
201703 6.221 111.869 9.873
201706 6.384 112.115 10.110
201709 6.152 112.777 9.685
201712 6.128 114.068 9.538
201803 6.133 114.868 9.479
201806 6.353 117.038 9.637
201809 6.535 117.881 9.843
201812 6.427 118.340 9.642
201903 5.754 120.124 8.504
201906 5.723 120.977 8.399
201909 5.097 121.292 7.461
201912 6.055 123.436 8.709
202003 6.309 124.092 9.027
202006 4.496 123.557 6.460
202009 4.394 125.095 6.236
202012 4.139 129.012 5.696
202103 4.066 131.660 5.483
202106 4.073 133.871 5.402
202109 4.057 137.913 5.223
202112 3.947 141.992 4.935
202203 3.579 146.537 4.336
202206 3.709 149.784 4.396
202209 3.713 147.800 4.460
202212 3.962 150.207 4.683
202303 3.720 153.352 4.307
202306 3.776 154.519 4.339
202309 3.897 155.464 4.450
202312 3.583 157.148 4.048
202403 3.525 159.372 3.927
202406 3.703 161.052 4.082
202409 3.615 162.342 3.954
202412 3.648 164.740 3.932
202503 3.461 168.102 3.655
202506 3.269 169.670 3.421
202509 3.145 170.739 3.270
202512 2.999 171.765 3.100
202603 2.684 175.066 2.722
202606 2.624 177.544 2.624

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 0.11 mean?
International Meal Co Alimentacao (BSP:MEAL3) has a Cyclically Adjusted PB Ratio of 0.11 as of Sep. 04, 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 International Meal Co Alimentacao and its competitors. This is 50% below median its historical median of 0.22. Over the past decade, International Meal Co Alimentacao's Cyclically Adjusted PB Ratio has ranged from 0.09 to 0.78. According to the industry distribution chart, International Meal Co Alimentacao ranks #7 out of 249 companies in the Restaurants industry, placing it in the top 2.8%.
Is International Meal Co Alimentacao's Cyclically Adjusted PB Ratio too high?
International Meal Co Alimentacao's current Cyclically Adjusted PB Ratio of 0.11 is 50% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.78. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.77. International Meal Co Alimentacao's value of 0.11 is 93.8% below this industry median. Based on the distribution chart, International Meal Co Alimentacao ranks #7 out of 249 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, International Meal Co Alimentacao has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does International Meal Co Alimentacao's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, International Meal Co Alimentacao ranks #7 out of 249 companies for Cyclically Adjusted PB Ratio. This places International Meal Co Alimentacao in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.77. International Meal Co Alimentacao's value of 0.11 is 93.8% below this benchmark. Historically, International Meal Co Alimentacao's own Cyclically Adjusted PB Ratio has ranged from 0.09 to 0.78 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 1.77, International Meal Co Alimentacao 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.77, based on 249 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. International Meal Co Alimentacao's current Cyclically Adjusted PB Ratio of 0.11 is 93.8% 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 International Meal Co Alimentacao and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Meal Co Alimentacao's current Cyclically Adjusted PB Ratio is 0.11, which is 50% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Meal Co Alimentacao stock overvalued right now?
Based on GuruFocus' analysis, International Meal Co Alimentacao (BSP:MEAL3) is currently considered Possible Value Trap. The stock's GF Value™ is R$1.49, compared to a current price of R$0.66 — trading 55.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.11, which is 50% below median its 10-year median of 0.22 and 93.8% below the Restaurants industry median of 1.77. International Meal Co Alimentacao's overall GF Score™ is 48/100 with 3 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 International Meal Co Alimentacao (BSP:MEAL3), the current Cyclically Adjusted PB Ratio is 0.11 as of Sep. 04, 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 International Meal Co Alimentacao (BSP:MEAL3) Overvalued in 2026?

Based on GuruFocus' analysis, International Meal Co Alimentacao stock appears to be undervalued. The current stock price of R$0.66 is trading 55.7% below its estimated GF Value™ of R$1.49. GuruFocus considers International Meal Co Alimentacao to be Possible Value Trap.

Key valuation signals for BSP:MEAL3:

  • Cyclically Adjusted PB Ratio: 0.11 (50% below median its 10-year median of 0.22)
  • GF Value™: R$1.49 vs. price of R$0.66 (55.7% below fair value)
  • GF Score™: 48/100 with 3 warning signs
  • Industry Position: 93.8% below the Restaurants median (#7 of 249)

No single metric tells the full story. See the BSP:MEAL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Meal Co Alimentacao Business Description

Address Avenida das Nacoes Unidas, 4.777, 12th Floor, Jardim Universidade Pinheiros, Sao Paulo, SP, BRA, 5477902
International Meal Co Alimentacao SA is a Brazil-based company principally engaged in the sale of food and beverages to restaurants, snack bars, coffee shops, cafes on motorways, airports, shopping malls, and airline catering services. It also subleases stores and spaces for promotional and commercial purposes in its store chain, upon the sale of fuel, and provides general services related to these segments. The company operates in five segments: Shopping malls, Airports, Highways, the United States of America (USA), and Others. Some of its brands are Viena, Olive Garden, Margaritaville, KFC Brazil, and Pizza Hut Brazil. Its geographical segments are Brazil, The Caribbean, and the USA.
48GF Score

Get the complete analysis for BSP:MEAL3

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

R$0.66
Price
R$1.49
GF Value