Multiplan Empreendimentos Imobiliarios (BSP:MULT3) Cyclically Adjusted PB Ratio: 2.00 (As of Aug. 26, 2026) — Near Median

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BSP:MULT3 Multiplan Empreendimentos Imobiliarios SA BSP:MULT3
82 GF Score
Price R$27.52
GF Value R$36.66
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Multiplan Empreendimentos Imobiliarios Cyclically Adjusted PB Ratio?

Multiplan Empreendimentos Imobiliarios BSP:MULT3 +2.15% 82 Cyclically Adjusted PB Ratio is 2.00 as of Aug. 26, 2026, which is 7% below its 10-year median of 2.16. GuruFocus rates BSP:MULT3 with a GF Score™ of 82/100 and a GF Value™ of R$36.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,332 Real Estate companies, Multiplan Empreendimentos Imobiliarios ranks worse than 85.59% on this metric.

As of today (2026-08-26), Multiplan Empreendimentos Imobiliarios's current share price is R$27.52. Multiplan Empreendimentos Imobiliarios's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$13.73. Multiplan Empreendimentos Imobiliarios's Cyclically Adjusted PB Ratio for today is 2.00.

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

BSP:MULT3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 2.16   Max: 3.65
Current: 1.96

During the past years, Multiplan Empreendimentos Imobiliarios's highest Cyclically Adjusted PB Ratio was 3.65. The lowest was 1.48. And the median was 2.16.

BSP:MULT3's Cyclically Adjusted PB Ratio is ranked worse than
85.59% of 1332 companies
in the Real Estate industry
Industry Median: 0.67 vs BSP:MULT3: 1.96

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.

Multiplan Empreendimentos Imobiliarios's adjusted book value per share data for the three months ended in Jun. 2026 was R$13.758. 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$13.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Multiplan Empreendimentos Imobiliarios  (BSP:MULT3) 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.


Multiplan Empreendimentos Imobiliarios Cyclically Adjusted PB Ratio Related Terms


Multiplan Empreendimentos Imobiliarios Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Multiplan Empreendimentos Imobiliarios'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.

Multiplan Empreendimentos Imobiliarios Cyclically Adjusted PB Ratio Chart

Multiplan Empreendimentos Imobiliarios 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 1.66 1.84 2.30 1.64 2.05

Multiplan Empreendimentos Imobiliarios 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 2.07 2.20 2.05 2.35 2.13

BSP:MULT3 vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Multiplan Empreendimentos Imobiliarios'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.


Multiplan Empreendimentos Imobiliarios Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Multiplan Empreendimentos Imobiliarios's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Multiplan Empreendimentos Imobiliarios's Cyclically Adjusted PB Ratio falls into.


BSP:MULT3
82GF Score
Multiplan Empreendimentos Imobiliarios SA BSP:MULT3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Multiplan Empreendimentos Imobiliarios 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.

Multiplan Empreendimentos Imobiliarios's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.52/13.73
=2.00

* 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.

Multiplan Empreendimentos Imobiliarios's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Multiplan Empreendimentos Imobiliarios'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)
=13.758/177.5443*177.5443
=13.758

Current CPI (Jun. 2026) = 177.5443.

Multiplan Empreendimentos Imobiliarios Quarterly Data

Book Value per Share CPI Adj_Book
201609 8.224 109.986 13.276
201612 8.388 110.802 13.441
201703 9.094 111.869 14.433
201706 9.094 112.115 14.401
201709 9.113 112.777 14.347
201712 9.223 114.068 14.355
201803 9.387 114.868 14.509
201806 9.422 117.038 14.293
201809 9.466 117.881 14.257
201812 9.549 118.340 14.326
201903 9.722 120.124 14.369
201906 9.184 120.977 13.478
201909 9.266 121.292 13.563
201912 9.368 123.436 13.474
202003 9.710 124.092 13.893
202006 9.841 123.557 14.141
202009 10.742 125.095 15.246
202012 10.498 129.012 14.447
202103 10.584 131.660 14.273
202106 10.755 133.871 14.264
202109 10.907 137.913 14.041
202112 10.757 141.992 13.450
202203 11.023 146.537 13.355
202206 11.046 149.784 13.093
202209 11.170 147.800 13.418
202212 11.246 150.207 13.293
202303 11.487 153.352 13.299
202306 11.659 154.519 13.396
202309 11.851 155.464 13.534
202312 11.913 157.148 13.459
202403 12.193 159.372 13.583
202406 12.401 161.052 13.671
202409 12.705 162.342 13.895
202412 11.553 164.740 12.451
202503 11.762 168.102 12.423
202506 12.087 169.670 12.648
202509 12.320 170.739 12.811
202512 12.873 171.765 13.306
202603 13.204 175.066 13.391
202606 13.758 177.544 13.758

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 2.00 mean?
Multiplan Empreendimentos Imobiliarios (BSP:MULT3) has a Cyclically Adjusted PB Ratio of 2.00 as of Aug. 26, 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 Multiplan Empreendimentos Imobiliarios and its competitors. This is near median its historical median of 2.16. Over the past decade, Multiplan Empreendimentos Imobiliarios' Cyclically Adjusted PB Ratio has ranged from 1.48 to 3.65. According to the industry distribution chart, Multiplan Empreendimentos Imobiliarios ranks #1140 out of 1332 companies in the Real Estate industry, placing it in the top 85.6%.
Is Multiplan Empreendimentos Imobiliarios' Cyclically Adjusted PB Ratio too high?
Multiplan Empreendimentos Imobiliarios' current Cyclically Adjusted PB Ratio of 2.00 is near median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 3.65. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Multiplan Empreendimentos Imobiliarios' value of 2.00 is 198.5% above this industry median. Based on the distribution chart, Multiplan Empreendimentos Imobiliarios ranks #1140 out of 1332 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Multiplan Empreendimentos Imobiliarios has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Multiplan Empreendimentos Imobiliarios' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Multiplan Empreendimentos Imobiliarios ranks #1140 out of 1332 companies for Cyclically Adjusted PB Ratio. This places Multiplan Empreendimentos Imobiliarios in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. Multiplan Empreendimentos Imobiliarios' value of 2.00 is 198.5% above this benchmark. Historically, Multiplan Empreendimentos Imobiliarios' own Cyclically Adjusted PB Ratio has ranged from 1.48 to 3.65 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 0.67, Multiplan Empreendimentos Imobiliarios 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,332 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. Multiplan Empreendimentos Imobiliarios's current Cyclically Adjusted PB Ratio of 2.00 is 198.5% 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 Multiplan Empreendimentos Imobiliarios and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multiplan Empreendimentos Imobiliarios's current Cyclically Adjusted PB Ratio is 2.00, which is near median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multiplan Empreendimentos Imobiliarios stock overvalued right now?
Based on GuruFocus' analysis, Multiplan Empreendimentos Imobiliarios (BSP:MULT3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$36.66, compared to a current price of R$27.52 — trading 24.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.00, which is near median its 10-year median of 2.16 and 198.5% above the Real Estate industry median of 0.67. Multiplan Empreendimentos Imobiliarios' overall GF Score™ is 82/100 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 Multiplan Empreendimentos Imobiliarios (BSP:MULT3), the current Cyclically Adjusted PB Ratio is 2.00 as of Aug. 26, 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 Multiplan Empreendimentos Imobiliarios (BSP:MULT3) Overvalued in 2026?

Based on GuruFocus' analysis, Multiplan Empreendimentos Imobiliarios stock appears to be undervalued. The current stock price of R$27.52 is trading 24.9% below its estimated GF Value™ of R$36.66. GuruFocus considers Multiplan Empreendimentos Imobiliarios to be Modestly Undervalued.

Key valuation signals for BSP:MULT3:

  • Cyclically Adjusted PB Ratio: 2.00 (near median its 10-year median of 2.16)
  • GF Value™: R$36.66 vs. price of R$27.52 (24.9% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 198.5% above the Real Estate median (#1140 of 1332)

No single metric tells the full story. See the BSP:MULT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Multiplan Empreendimentos Imobiliarios Business Description

Other Exchanges MLTTY:USA
Address Avenida das Americas, 4200, Bloco 2 - 5th andar, Sala 501, Barra da Tijuca, CEP, Rio de Janeiro, RJ, BRA, 22640-102
Multiplan Empreendimentos Imobiliarios SA is a general real estate company. The company reports four segments: Properties for lease, Real estate for sale, Projects, and Management and other. It derives key revenue from the Properties for lease segment which represents income generated from renting out spaces in malls and office buildings, and the income generated from the provision of parking spaces. Geographically, the company operates in Brazil.
82GF Score

Get the complete analysis for BSP:MULT3

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

R$27.52
Price
R$36.66
GF Value