Minupar Participacoes (BSP:MNPR3) Cyclically Adjusted PB Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:MNPR3 Minupar Participacoes SA BSP:MNPR3
62 GF Score
Price R$4.01
GF Value R$2.03
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Minupar Participacoes Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Minupar Participacoes  (BSP:MNPR3) 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.


Minupar Participacoes Cyclically Adjusted PB Ratio Related Terms


Minupar Participacoes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Minupar Participacoes'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.

Minupar Participacoes Cyclically Adjusted PB Ratio Chart

Minupar Participacoes 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 0.00

Minupar Participacoes 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 0.00 0.00

BSP:MNPR3 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Minupar Participacoes'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.


Minupar Participacoes Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


BSP:MNPR3
62GF Score
Minupar Participacoes SA BSP:MNPR3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Minupar Participacoes 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.

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

For example, Minupar Participacoes'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)
=2.831/175.0655*175.0655
=2.831

Current CPI (Mar. 2026) = 175.0655.

Minupar Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201606 -3.654 108.851 -5.877
201609 -3.719 109.986 -5.920
201612 -3.765 110.802 -5.949
201703 -3.814 111.869 -5.969
201706 -3.836 112.115 -5.990
201709 -3.839 112.777 -5.959
201712 -4.122 114.068 -6.326
201803 -4.146 114.868 -6.319
201806 -4.235 117.038 -6.335
201809 -4.204 117.881 -6.243
201812 -5.065 118.340 -7.493
201903 -5.031 120.124 -7.332
201906 -4.956 120.977 -7.172
201909 -4.988 121.292 -7.199
201912 -5.530 123.436 -7.843
202003 -5.292 124.092 -7.466
202006 -5.293 123.557 -7.500
202009 -5.189 125.095 -7.262
202012 -5.286 129.012 -7.173
202103 -5.191 131.660 -6.902
202106 -5.224 133.871 -6.832
202109 -5.084 137.913 -6.454
202112 -4.843 141.992 -5.971
202203 -4.867 146.537 -5.815
202206 -4.593 149.784 -5.368
202209 -4.505 147.800 -5.336
202212 -4.729 150.207 -5.512
202303 -4.609 153.352 -5.262
202306 -4.609 154.519 -5.222
202309 -4.541 155.464 -5.114
202312 -4.562 157.148 -5.082
202403 -4.437 159.372 -4.874
202406 -4.603 161.052 -5.004
202409 -4.496 162.342 -4.848
202412 -4.392 164.740 -4.667
202503 -4.232 168.102 -4.407
202506 2.696 169.670 2.782
202509 2.839 170.739 2.911
202512 2.669 171.765 2.720
202603 2.831 175.066 2.831

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.

Is Minupar Participacoes (BSP:MNPR3) Overvalued in 2026?

Based on GuruFocus' analysis, Minupar Participacoes stock appears to be overvalued. The current stock price of R$4.01 is trading 97.5% above its estimated GF Value™ of R$2.03. GuruFocus considers Minupar Participacoes to be Significantly Overvalued.

Key valuation signals for BSP:MNPR3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$2.03 vs. price of R$4.01 (97.5% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the BSP:MNPR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minupar Participacoes Business Description

Address Avenida Senador Alberto Pasqualini 1535, Lajeado, RS, BRA, 95900000
Minupar Participacoes SA main objective the participation in the capital of other companies.
62GF Score

Get the complete analysis for BSP:MNPR3

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

R$4.01
Price
R$2.03
GF Value