MRS Logistica (BSP:MRSA3B) Cyclically Adjusted PB Ratio: 2.09 (As of Aug. 03, 2026) — 12% Above Median

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BSP:MRSA3B MRS Logistica SA BSP:MRSA3B
78 GF Score
Price R$39.80
GF Value R$33.47
Valuation Modestly Overvalued
! 3 Warning Signs
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What is MRS Logistica Cyclically Adjusted PB Ratio?

MRS Logistica BSP:MRSA3B 78 Cyclically Adjusted PB Ratio is 2.09 as of Aug. 03, 2026, which is 12% above its 10-year median of 1.86. GuruFocus rates BSP:MRSA3B with a GF Score™ of 78/100 and a GF Value™ of R$33.47 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 737 Transportation companies, MRS Logistica ranks worse than 71.64% on this metric.

As of today (2026-08-03), MRS Logistica's current share price is R$39.80. MRS Logistica's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$19.00. MRS Logistica's Cyclically Adjusted PB Ratio for today is 2.09.

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

BSP:MRSA3B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.86   Max: 6.64
Current: 2.09

During the past years, MRS Logistica's highest Cyclically Adjusted PB Ratio was 6.64. The lowest was 0.67. And the median was 1.86.

BSP:MRSA3B's Cyclically Adjusted PB Ratio is ranked worse than
71.64% of 737 companies
in the Transportation industry
Industry Median: 1.27 vs BSP:MRSA3B: 2.09

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.

MRS Logistica's adjusted book value per share data for the three months ended in Mar. 2026 was R$25.872. 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$19.00 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MRS Logistica  (BSP:MRSA3B) 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.


MRS Logistica Cyclically Adjusted PB Ratio Related Terms


MRS Logistica Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MRS 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.

MRS Logistica Cyclically Adjusted PB Ratio Chart

MRS 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 2.94 1.84 1.61 1.92 2.12

MRS 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 1.80 1.64 1.55 2.12 2.51

BSP:MRSA3B vs UNP, CSX, NSC: Cyclically Adjusted PB Ratio Comparison

For the Railroads subindustry, MRS 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.


MRS Logistica Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, MRS Logistica's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:MRSA3B
78GF Score
MRS Logistica SA BSP:MRSA3B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MRS 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.

MRS Logistica's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.80/19.00
=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.

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

For example, MRS 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)
=25.872/175.0655*175.0655
=25.872

Current CPI (Mar. 2026) = 175.0655.

MRS Logistica Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.512 108.851 15.298
201609 9.847 109.986 15.674
201612 9.714 110.802 15.348
201703 10.019 111.869 15.679
201706 10.152 112.115 15.852
201709 10.580 112.777 16.423
201712 10.457 114.068 16.049
201803 10.717 114.868 16.333
201806 10.760 117.038 16.095
201809 11.244 117.881 16.698
201812 11.306 118.340 16.725
201903 11.648 120.124 16.976
201906 11.999 120.977 17.364
201909 12.531 121.292 18.086
201912 12.066 123.436 17.113
202003 11.797 124.092 16.643
202006 12.228 123.557 17.326
202009 12.665 125.095 17.724
202012 12.685 129.012 17.213
202103 12.907 131.660 17.162
202106 14.144 133.871 18.496
202109 14.548 137.913 18.467
202112 14.257 141.992 17.578
202203 14.553 146.537 17.386
202206 15.162 149.784 17.721
202209 16.111 147.800 19.083
202212 16.217 150.207 18.901
202303 16.646 153.352 19.003
202306 17.632 154.519 19.977
202309 18.865 155.464 21.244
202312 18.894 157.148 21.048
202403 19.829 159.372 21.782
202406 20.878 161.052 22.695
202409 22.237 162.342 23.980
202412 22.090 164.740 23.475
202503 22.927 168.102 23.877
202506 24.353 169.670 25.127
202509 25.717 170.739 26.369
202512 25.598 171.765 26.090
202603 25.872 175.066 25.872

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?
MRS Logistica (BSP:MRSA3B) has a Cyclically Adjusted PB Ratio of 2.09 as of Aug. 03, 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 MRS Logistica and its competitors. This is 12% above median its historical median of 1.86. Over the past decade, MRS Logistica's Cyclically Adjusted PB Ratio has ranged from 0.67 to 6.64. According to the industry distribution chart, MRS Logistica ranks #528 out of 737 companies in the Transportation industry, placing it in the top 71.6%.
Is MRS Logistica's Cyclically Adjusted PB Ratio too high?
MRS Logistica's current Cyclically Adjusted PB Ratio of 2.09 is 12% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 6.64. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. MRS Logistica's value of 2.09 is 64.6% above this industry median. Based on the distribution chart, MRS Logistica ranks #528 out of 737 companies in the Transportation industry, which is below the industry midpoint. Overall, MRS Logistica has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MRS Logistica's Cyclically Adjusted PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, MRS Logistica ranks #528 out of 737 companies for Cyclically Adjusted PB Ratio. This places MRS Logistica in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. MRS Logistica's value of 2.09 is 64.6% above this benchmark. Historically, MRS Logistica's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 6.64 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 1.27, MRS 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 737 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. MRS Logistica's current Cyclically Adjusted PB Ratio of 2.09 is 64.6% 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 MRS Logistica and its competitors. For the Transportation 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. MRS Logistica's current Cyclically Adjusted PB Ratio is 2.09, which is 12% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MRS Logistica stock overvalued right now?
Based on GuruFocus' analysis, MRS Logistica (BSP:MRSA3B) is currently considered Modestly Overvalued. The stock's GF Value™ is R$33.47, compared to a current price of R$39.80 — trading 18.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.09, which is 12% above median its 10-year median of 1.86 and 64.6% above the Transportation industry median of 1.27. MRS Logistica's overall GF Score™ is 78/100 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 MRS Logistica (BSP:MRSA3B), the current Cyclically Adjusted PB Ratio is 2.09 as of Aug. 03, 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 MRS Logistica (BSP:MRSA3B) Overvalued in 2026?

Based on GuruFocus' analysis, MRS Logistica stock appears to be overvalued. The current stock price of R$39.80 is trading 18.9% above its estimated GF Value™ of R$33.47. GuruFocus considers MRS Logistica to be Modestly Overvalued.

Key valuation signals for BSP:MRSA3B:

  • Cyclically Adjusted PB Ratio: 2.09 (12% above median its 10-year median of 1.86)
  • GF Value™: R$33.47 vs. price of R$39.80 (18.9% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 64.6% above the Transportation median (#528 of 737)

No single metric tells the full story. See the BSP:MRSA3B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MRS Logistica Business Description

Other Exchanges MRSA6B:BrazilMRSA5B:Brazil
Address Praia de Botafogo 228, Sala 1201 E, Rio de Janeiro, RJ, BRA, 22250906
MRS Logistica SA is a publicly-held corporation engaged in the transportation services. The company operates a public railway transportation concession in the Southeast network, located in the States of Rio de Janeiro, Sao Paulo, and Minas Gerais. It interconnects the states of Rio de Janeiro, Minas Gerais, and Sao Paulo, spanning through the region that concentrates approximately 50% of Brazil's gross domestic product. Through MRS' railways, it also provides transport to reach the ports of Itaguai and Santos and Latin America. The company generates its entire revenue from providing cargo transport services in the Southeast Brazil.
78GF Score

Get the complete analysis for BSP:MRSA3B

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

R$39.80
Price
R$33.47
GF Value