Mills Locacao Servicos e Logistica (BSP:MILS3) Cyclically Adjusted PB Ratio: 2.26 (As of Jul. 14, 2026) — 88% Above Median

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BSP:MILS3 Mills Locacao Servicos e Logistica SA BSP:MILS3
89 GF Score
Price R$15.40
GF Value R$15.36
Valuation Fairly Valued
! 5 Warning Signs
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What is Mills Locacao Servicos e Logistica Cyclically Adjusted PB Ratio?

Mills Locacao Servicos e Logistica BSP:MILS3 -0.26% 89 Cyclically Adjusted PB Ratio is 2.26 as of Jul. 14, 2026, which is 88% above its 10-year median of 1.20. GuruFocus rates BSP:MILS3 with a GF Score™ of 89/100 and a GF Value™ of R$15.36 (Fairly Valued). The stock has 5 warning signs investors should review. Among 730 Business Services companies, Mills Locacao Servicos e Logistica ranks worse than 65.07% on this metric.

As of today (2026-07-14), Mills Locacao Servicos e Logistica's current share price is R$15.40. Mills Locacao Servicos e Logistica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$6.82. Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio for today is 2.26.

The historical rank and industry rank for Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:MILS3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.2   Max: 2.27
Current: 2.26

During the past years, Mills Locacao Servicos e Logistica's highest Cyclically Adjusted PB Ratio was 2.27. The lowest was 0.42. And the median was 1.20.

BSP:MILS3's Cyclically Adjusted PB Ratio is ranked worse than
65.07% of 730 companies
in the Business Services industry
Industry Median: 1.57 vs BSP:MILS3: 2.26

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.

Mills Locacao Servicos e Logistica's adjusted book value per share data for the three months ended in Mar. 2026 was R$7.817. 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$6.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mills Locacao Servicos e Logistica  (BSP:MILS3) 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.


Mills Locacao Servicos e Logistica Cyclically Adjusted PB Ratio Related Terms


Mills Locacao Servicos e Logistica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mills Locacao Servicos e Logistica'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.

Mills Locacao Servicos e Logistica Cyclically Adjusted PB Ratio Chart

Mills Locacao Servicos e Logistica 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 0.77 1.41 1.77 1.19 2.05

Mills Locacao Servicos e Logistica 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 1.32 1.57 1.71 2.05 2.03

BSP:MILS3 vs URI, SUNB, AER: Cyclically Adjusted PB Ratio Comparison

For the Rental & Leasing Services subindustry, Mills Locacao Servicos e Logistica'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.


Mills Locacao Servicos e Logistica Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio falls into.


BSP:MILS3
89GF Score
Mills Locacao Servicos e Logistica SA BSP:MILS3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mills Locacao Servicos e Logistica 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.

Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.40/6.82
=2.26

* 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.

Mills Locacao Servicos e Logistica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mills Locacao Servicos e Logistica'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)
=7.817/175.0655*175.0655
=7.817

Current CPI (Mar. 2026) = 175.0655.

Mills Locacao Servicos e Logistica Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.045 108.851 9.722
201609 5.922 109.986 9.426
201612 5.758 110.802 9.098
201703 5.538 111.869 8.666
201706 5.331 112.115 8.324
201709 5.199 112.777 8.070
201712 4.885 114.068 7.497
201803 4.635 114.868 7.064
201806 4.384 117.038 6.558
201809 4.214 117.881 6.258
201812 4.329 118.340 6.404
201903 4.278 120.124 6.235
201906 4.524 120.977 6.547
201909 4.453 121.292 6.427
201912 4.437 123.436 6.293
202003 4.416 124.092 6.230
202006 4.369 123.557 6.190
202009 4.377 125.095 6.125
202012 4.387 129.012 5.953
202103 4.421 131.660 5.878
202106 4.446 133.871 5.814
202109 4.447 137.913 5.645
202112 4.481 141.992 5.525
202203 4.650 146.537 5.555
202206 4.792 149.784 5.601
202209 4.999 147.800 5.921
202212 5.138 150.207 5.988
202303 5.350 153.352 6.108
202306 5.536 154.519 6.272
202309 5.759 155.464 6.485
202312 6.348 157.148 7.072
202403 6.259 159.372 6.875
202406 6.247 161.052 6.791
202409 6.284 162.342 6.776
202412 6.695 164.740 7.115
202503 6.593 168.102 6.866
202506 6.752 169.670 6.967
202509 7.406 170.739 7.594
202512 6.947 171.765 7.080
202603 7.817 175.066 7.817

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 2.26 mean?
Mills Locacao Servicos e Logistica (BSP:MILS3) has a Cyclically Adjusted PB Ratio of 2.26 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 Mills Locacao Servicos e Logistica and its competitors. This is 88% above median its historical median of 1.20. Over the past decade, Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.27. According to the industry distribution chart, Mills Locacao Servicos e Logistica ranks #475 out of 730 companies in the Business Services industry, placing it in the top 65.1%.
Is Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio too high?
Mills Locacao Servicos e Logistica's current Cyclically Adjusted PB Ratio of 2.26 is 88% above median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.27. The Business Services industry median Cyclically Adjusted PB Ratio is 1.57. Mills Locacao Servicos e Logistica's value of 2.26 is 43.9% above this industry median. Based on the distribution chart, Mills Locacao Servicos e Logistica ranks #475 out of 730 companies in the Business Services industry, which is below the industry midpoint. Overall, Mills Locacao Servicos e Logistica has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mills Locacao Servicos e Logistica's Cyclically Adjusted PB Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Mills Locacao Servicos e Logistica ranks #475 out of 730 companies for Cyclically Adjusted PB Ratio. This places Mills Locacao Servicos e Logistica in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.57. Mills Locacao Servicos e Logistica's value of 2.26 is 43.9% above this benchmark. Historically, Mills Locacao Servicos e Logistica's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.27 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 1.57, Mills Locacao Servicos e Logistica 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.57, based on 730 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. Mills Locacao Servicos e Logistica's current Cyclically Adjusted PB Ratio of 2.26 is 43.9% 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 Mills Locacao Servicos e Logistica and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mills Locacao Servicos e Logistica's current Cyclically Adjusted PB Ratio is 2.26, which is 88% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mills Locacao Servicos e Logistica stock overvalued right now?
Based on GuruFocus' analysis, Mills Locacao Servicos e Logistica (BSP:MILS3) is currently considered Fairly Valued. The stock's GF Value™ is R$15.36, compared to a current price of R$15.40 — trading 0.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.26, which is 88% above median its 10-year median of 1.20 and 43.9% above the Business Services industry median of 1.57. Mills Locacao Servicos e Logistica's overall GF Score™ is 89/100 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 Mills Locacao Servicos e Logistica (BSP:MILS3), the current Cyclically Adjusted PB Ratio is 2.26 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 Mills Locacao Servicos e Logistica (BSP:MILS3) Overvalued in 2026?

Based on GuruFocus' analysis, Mills Locacao Servicos e Logistica stock appears to be overvalued. The current stock price of R$15.40 is trading 0.3% above its estimated GF Value™ of R$15.36. GuruFocus considers Mills Locacao Servicos e Logistica to be Fairly Valued.

Key valuation signals for BSP:MILS3:

  • Cyclically Adjusted PB Ratio: 2.26 (88% above median its 10-year median of 1.20)
  • GF Value™: R$15.36 vs. price of R$15.40 (0.3% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 43.9% above the Business Services median (#475 of 730)

No single metric tells the full story. See the BSP:MILS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mills Locacao Servicos e Logistica Business Description

Address Avenida Euzebio Matoso, n 1375, Suites n 1101, 1102, 1201 and 1202, 11th and 12th floors, Sao Paulo, SP, BRA, 05423-180
Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Formwork and Shoring segment and Rental segment, and the majority of the revenue derives from the Rental business segment.
89GF Score

Get the complete analysis for BSP:MILS3

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

R$15.40
Price
R$15.36
GF Value