MRV Engenharia e Participacoes (BSP:MRVE3) Cyclically Adjusted PB Ratio: 0.31 (As of Aug. 03, 2026) — 59% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BSP:MRVE3 MRV Engenharia e Participacoes SA BSP:MRVE3
63 GF Score
Price R$4.74
GF Value R$9.65
Valuation Possible Value Trap
! 5 Warning Signs
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What is MRV Engenharia e Participacoes Cyclically Adjusted PB Ratio?

MRV Engenharia e Participacoes BSP:MRVE3 +0.21% 63 Cyclically Adjusted PB Ratio is 0.31 as of Aug. 03, 2026, which is 59% below its 10-year median of 0.75. GuruFocus rates BSP:MRVE3 with a GF Score™ of 63/100 and a GF Value™ of R$9.65 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,414 Real Estate companies, MRV Engenharia e Participacoes ranks better than 76.03% on this metric.

As of today (2026-08-03), MRV Engenharia e Participacoes's current share price is R$4.74. MRV Engenharia e Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$15.18. MRV Engenharia e Participacoes's Cyclically Adjusted PB Ratio for today is 0.31.

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

BSP:MRVE3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.75   Max: 1.86
Current: 0.29

During the past years, MRV Engenharia e Participacoes's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.29. And the median was 0.75.

BSP:MRVE3's Cyclically Adjusted PB Ratio is ranked better than
76.03% of 1414 companies
in the Real Estate industry
Industry Median: 0.69 vs BSP:MRVE3: 0.29

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.

MRV Engenharia e Participacoes's adjusted book value per share data for the three months ended in Mar. 2026 was R$9.265. 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$15.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MRV Engenharia e Participacoes  (BSP:MRVE3) 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.


MRV Engenharia e Participacoes Cyclically Adjusted PB Ratio Related Terms


MRV Engenharia e Participacoes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for MRV Engenharia e 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.

MRV Engenharia e Participacoes Cyclically Adjusted PB Ratio Chart

MRV Engenharia e 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 0.86 0.52 0.74 0.35 0.52

MRV Engenharia e 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 0.33 0.41 0.49 0.52 0.52

MRV Engenharia e Participacoes Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, MRV Engenharia e 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.


MRV Engenharia e Participacoes Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


BSP:MRVE3
63GF Score
MRV Engenharia e Participacoes SA BSP:MRVE3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MRV Engenharia e 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.

MRV Engenharia e Participacoes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.74/15.18
=0.31

* 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.

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

For example, MRV Engenharia e 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)
=9.265/175.0655*175.0655
=9.265

Current CPI (Mar. 2026) = 175.0655.

MRV Engenharia e Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.379 108.851 18.301
201609 11.723 109.986 18.660
201612 11.747 110.802 18.560
201703 11.703 111.869 18.314
201706 12.025 112.115 18.777
201709 12.481 112.777 19.374
201712 12.542 114.068 19.249
201803 12.618 114.868 19.231
201806 12.642 117.038 18.910
201809 13.037 117.881 19.361
201812 10.500 118.340 15.533
201903 10.916 120.124 15.909
201906 10.603 120.977 15.344
201909 10.961 121.292 15.820
201912 10.909 123.436 15.472
202003 11.061 124.092 15.605
202006 11.340 123.557 16.067
202009 11.653 125.095 16.308
202012 11.772 129.012 15.974
202103 11.889 131.660 15.809
202106 12.012 133.871 15.708
202109 12.413 137.913 15.757
202112 12.673 141.992 15.625
202203 12.471 146.537 14.899
202206 12.716 149.784 14.862
202209 12.850 147.800 15.221
202212 12.059 150.207 14.055
202303 12.090 153.352 13.802
202306 12.442 154.519 14.096
202309 12.212 155.464 13.752
202312 12.003 157.148 13.372
202403 11.757 159.372 12.915
202406 11.805 161.052 12.832
202409 11.673 162.342 12.588
202412 11.429 164.740 12.145
202503 10.654 168.102 11.095
202506 9.164 169.670 9.455
202509 9.352 170.739 9.589
202512 9.466 171.765 9.648
202603 9.265 175.066 9.265

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 0.31 mean?
MRV Engenharia e Participacoes (BSP:MRVE3) has a Cyclically Adjusted PB Ratio of 0.31 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 MRV Engenharia e Participacoes and its competitors. This is 59% below median its historical median of 0.75. Over the past decade, MRV Engenharia e Participacoes' Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.86. According to the industry distribution chart, MRV Engenharia e Participacoes ranks #339 out of 1414 companies in the Real Estate industry, placing it in the top 24%.
Is MRV Engenharia e Participacoes' Cyclically Adjusted PB Ratio too high?
MRV Engenharia e Participacoes' current Cyclically Adjusted PB Ratio of 0.31 is 59% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.86. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. MRV Engenharia e Participacoes' value of 0.31 is 55.1% below this industry median. Based on the distribution chart, MRV Engenharia e Participacoes ranks #339 out of 1414 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, MRV Engenharia e Participacoes has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MRV Engenharia e Participacoes' Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, MRV Engenharia e Participacoes ranks #339 out of 1414 companies for Cyclically Adjusted PB Ratio. This places MRV Engenharia e Participacoes in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.69. MRV Engenharia e Participacoes' value of 0.31 is 55.1% below this benchmark. Historically, MRV Engenharia e Participacoes' own Cyclically Adjusted PB Ratio has ranged from 0.29 to 1.86 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.69, MRV Engenharia e Participacoes 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,414 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. MRV Engenharia e Participacoes's current Cyclically Adjusted PB Ratio of 0.31 is 55.1% 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 MRV Engenharia e Participacoes 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. MRV Engenharia e Participacoes's current Cyclically Adjusted PB Ratio is 0.31, which is 59% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MRV Engenharia e Participacoes stock overvalued right now?
Based on GuruFocus' analysis, MRV Engenharia e Participacoes (BSP:MRVE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$9.65, compared to a current price of R$4.74 — trading 50.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is 59% below median its 10-year median of 0.75 and 55.1% below the Real Estate industry median of 0.69. MRV Engenharia e Participacoes' overall GF Score™ is 63/100 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 MRV Engenharia e Participacoes (BSP:MRVE3), the current Cyclically Adjusted PB Ratio is 0.31 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 MRV Engenharia e Participacoes (BSP:MRVE3) Overvalued in 2026?

Based on GuruFocus' analysis, MRV Engenharia e Participacoes stock appears to be undervalued. The current stock price of R$4.74 is trading 50.9% below its estimated GF Value™ of R$9.65. GuruFocus considers MRV Engenharia e Participacoes to be Possible Value Trap.

Key valuation signals for BSP:MRVE3:

  • Cyclically Adjusted PB Ratio: 0.31 (59% below median its 10-year median of 0.75)
  • GF Value™: R$9.65 vs. price of R$4.74 (50.9% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 55.1% below the Real Estate median (#339 of 1414)

No single metric tells the full story. See the BSP:MRVE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MRV Engenharia e Participacoes Business Description

Address 621 Professor Mario Werneck Avenida, Estoril, 1st Floor, Belo Horizonte, MG, BRA, 30455-610
MRV Engenharia e Participacoes SA is engaged in the management of own and third-party assets, development, construction and sale of Company-owned or third-party real estate, the provision of technical engineering services related to the functions of the technicians in charge, real estate consultancy services, dealing service of goods and services supply in residential real estate segment and holding equity interests in other companies as a shareholder. Real estate development and the construction of real estate are performed directly by the Company or other business partners. The operating segments of the company are Real estate development, Luggo, Resia and Land development. With the majority of revenue is from Real estate development.
63GF Score

Get the complete analysis for BSP:MRVE3

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

R$4.74
Price
R$9.65
GF Value