Metisa Metalurgica Timboense (BSP:MTSA4) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:MTSA4 Metisa Metalurgica Timboense SA BSP:MTSA4
65 GF Score
Price R$49.50
GF Value R$45.40
Valuation Fairly Valued
! 8 Warning Signs
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What is Metisa Metalurgica Timboense Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Metisa Metalurgica Timboense  (BSP:MTSA4) 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.


Metisa Metalurgica Timboense Cyclically Adjusted PB Ratio Related Terms


Metisa Metalurgica Timboense Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Metisa Metalurgica Timboense'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.

Metisa Metalurgica Timboense Cyclically Adjusted PB Ratio Chart

Metisa Metalurgica Timboense 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 2.03 2.01 2.11 1.92 1.72

Metisa Metalurgica Timboense 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 1.77 1.74 1.72 1.67 0.00

BSP:MTSA4 vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Metisa Metalurgica Timboense'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.


Metisa Metalurgica Timboense Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Metisa Metalurgica Timboense's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Metisa Metalurgica Timboense's Cyclically Adjusted PB Ratio falls into.


BSP:MTSA4
65GF Score
Metisa Metalurgica Timboense SA BSP:MTSA4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metisa Metalurgica Timboense 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.

Metisa Metalurgica Timboense's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Metisa Metalurgica Timboense'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)
=52.587/177.5443*177.5443
=52.587

Current CPI (Jun. 2026) = 177.5443.

Metisa Metalurgica Timboense Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.602 109.986 38.099
201612 23.468 110.802 37.604
201703 23.606 111.869 37.464
201706 23.906 112.115 37.857
201709 24.437 112.777 38.471
201712 24.403 114.068 37.983
201803 24.730 114.868 38.224
201806 25.239 117.038 38.287
201809 25.910 117.881 39.024
201812 25.612 118.340 38.425
201903 26.071 120.124 38.533
201906 26.157 120.977 38.388
201909 26.679 121.292 39.052
201912 26.876 123.436 38.657
202003 26.847 124.092 38.411
202006 30.224 123.557 43.430
202009 31.414 125.095 44.585
202012 31.622 129.012 43.518
202103 32.723 131.660 44.127
202106 34.117 133.871 45.247
202109 35.321 137.913 45.471
202112 35.938 141.992 44.936
202203 37.492 146.537 45.425
202206 39.848 149.784 47.233
202209 42.373 147.800 50.901
202212 43.599 150.207 51.534
202303 45.465 153.352 52.637
202306 47.507 154.519 54.586
202309 49.091 155.464 56.063
202312 50.743 157.148 57.329
202403 51.054 159.372 56.875
202406 51.558 161.052 56.838
202409 52.418 162.342 57.326
202412 52.786 164.740 56.889
202503 53.393 168.102 56.392
202506 53.967 169.670 56.472
202509 54.984 170.739 57.176
202512 53.397 171.765 55.194
202603 54.229 175.066 54.997
202606 52.587 177.544 52.587

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 Metisa Metalurgica Timboense (BSP:MTSA4) Overvalued in 2026?

Based on GuruFocus' analysis, Metisa Metalurgica Timboense stock appears to be overvalued. The current stock price of R$49.50 is trading 9% above its estimated GF Value™ of R$45.40. GuruFocus considers Metisa Metalurgica Timboense to be Fairly Valued.

Key valuation signals for BSP:MTSA4:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$45.40 vs. price of R$49.50 (9% above fair value)
  • GF Score™: 65/100 with 8 warning signs

No single metric tells the full story. See the BSP:MTSA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metisa Metalurgica Timboense Business Description

Address Rua Fritz Lorenz, 2442, Distrito Industrial - PO Box: 11, Timbo, SC, BRA, 89120000
Metisa Metalurgica Timboense SA manufactures and markets steel parts for industrial and agricultural equipment. Its products include parts for agricultural equipment, tractors, railways, blades for the construction sector, and hand tools, among others. It offers agricultural disc blades and implements for a range of equipment, including sugar-alcohol sector; stone saw blades; blades and edges, teeth, adapters and tips, track shoes, and grouser bars for tractors, bulldozers, scrapers, excavators, earth movers, motor graders; and railroad accessories, such as tie plates, joint bars, metallic cores, and steel sleepers for the construction of permanent ways. The company also provides hand tools comprising shovels, spades, picks, post hole diggers, and hoes.
65GF Score

Get the complete analysis for BSP:MTSA4

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

R$49.50
Price
R$45.40
GF Value