Ourofino (BSP:OFSA3) Cyclically Adjusted PB Ratio: 2.00 (As of Jul. 14, 2026) — 11% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:OFSA3 Ourofino SA BSP:OFSA3
68 GF Score
Price R$26.80
GF Value R$26.86
Valuation Fairly Valued
! 2 Warning Signs
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What is Ourofino Cyclically Adjusted PB Ratio?

Ourofino BSP:OFSA3 -2.19% 68 Cyclically Adjusted PB Ratio is 2.00 as of Jul. 14, 2026, which is 11% above its 10-year median of 1.80. GuruFocus rates BSP:OFSA3 with a GF Score™ of 68/100 and a GF Value™ of R$26.86 (Fairly Valued). The stock has 2 warning signs investors should review. Among 759 Drug Manufacturers companies, Ourofino ranks worse than 53.36% on this metric.

As of today (2026-07-14), Ourofino's current share price is R$26.80. Ourofino's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$13.41. Ourofino's Cyclically Adjusted PB Ratio for today is 2.00.

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

BSP:OFSA3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.3   Med: 1.8   Max: 2.5
Current: 2.04

During the past years, Ourofino's highest Cyclically Adjusted PB Ratio was 2.50. The lowest was 1.30. And the median was 1.80.

BSP:OFSA3's Cyclically Adjusted PB Ratio is ranked worse than
53.36% of 759 companies
in the Drug Manufacturers industry
Industry Median: 1.82 vs BSP:OFSA3: 2.04

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.

Ourofino's adjusted book value per share data for the three months ended in Mar. 2026 was R$15.185. 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$13.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ourofino  (BSP:OFSA3) 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.


Ourofino Cyclically Adjusted PB Ratio Related Terms


Ourofino Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ourofino'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.

Ourofino Cyclically Adjusted PB Ratio Chart

Ourofino 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 1.57 1.76

Ourofino 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 1.76 1.89 1.72 1.76 2.05

BSP:OFSA3 vs ZTS, UTHR, VTRS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Ourofino'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.


Ourofino Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ourofino's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:OFSA3
68GF Score
Ourofino SA BSP:OFSA3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ourofino 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.

Ourofino's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.80/13.41
=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.

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

For example, Ourofino'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)
=15.185/175.0655*175.0655
=15.185

Current CPI (Mar. 2026) = 175.0655.

Ourofino Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.076 108.851 11.380
201609 7.193 109.986 11.449
201612 6.976 110.802 11.022
201703 6.853 111.869 10.724
201706 7.098 112.115 11.083
201709 7.276 112.777 11.295
201712 7.523 114.068 11.546
201803 7.590 114.868 11.568
201806 8.008 117.038 11.978
201809 8.426 117.881 12.513
201812 8.451 118.340 12.502
201903 8.358 120.124 12.181
201906 8.619 120.977 12.472
201909 8.865 121.292 12.795
201912 9.128 123.436 12.946
202003 9.095 124.092 12.831
202006 9.564 123.557 13.551
202009 10.231 125.095 14.318
202012 10.395 129.012 14.106
202103 10.588 131.660 14.079
202106 11.164 133.871 14.599
202109 11.804 137.913 14.984
202112 11.930 141.992 14.709
202203 12.147 146.537 14.512
202206 12.640 149.784 14.773
202209 13.504 147.800 15.995
202212 13.688 150.207 15.953
202303 13.656 153.352 15.590
202306 12.357 154.519 14.000
202309 12.453 155.464 14.023
202312 12.821 157.148 14.283
202403 13.071 159.372 14.358
202406 12.823 161.052 13.939
202409 13.558 162.342 14.621
202412 14.068 164.740 14.950
202503 11.820 168.102 12.310
202506 12.230 169.670 12.619
202509 13.251 170.739 13.587
202512 14.820 171.765 15.105
202603 15.185 175.066 15.185

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?
Ourofino (BSP:OFSA3) has a Cyclically Adjusted PB Ratio of 2.00 as of Jul. 14, 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 Ourofino and its competitors. This is 11% above median its historical median of 1.80. Over the past decade, Ourofino's Cyclically Adjusted PB Ratio has ranged from 1.30 to 2.50. According to the industry distribution chart, Ourofino ranks #405 out of 759 companies in the Drug Manufacturers industry, placing it in the top 53.4%.
Is Ourofino's Cyclically Adjusted PB Ratio too high?
Ourofino's current Cyclically Adjusted PB Ratio of 2.00 is 11% above median its 10-year median of 1.80. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 2.50. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.82. Ourofino's value of 2.00 is 9.9% above this industry median. Based on the distribution chart, Ourofino ranks #405 out of 759 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Ourofino has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ourofino's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Ourofino ranks #405 out of 759 companies for Cyclically Adjusted PB Ratio. This places Ourofino in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Ourofino's value of 2.00 is 9.9% above this benchmark. Historically, Ourofino's own Cyclically Adjusted PB Ratio has ranged from 1.30 to 2.50 over the past decade. While the company's 10-year median is 1.80 vs. the industry median of 1.82, Ourofino 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.82, based on 759 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. Ourofino's current Cyclically Adjusted PB Ratio of 2.00 is 9.9% 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 Ourofino and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ourofino's current Cyclically Adjusted PB Ratio is 2.00, which is 11% above median its own 10-year median of 1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ourofino stock overvalued right now?
Based on GuruFocus' analysis, Ourofino (BSP:OFSA3) is currently considered Fairly Valued. The stock's GF Value™ is R$26.86, compared to a current price of R$26.80 — trading 0.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.00, which is 11% above median its 10-year median of 1.80 and 9.9% above the Drug Manufacturers industry median of 1.82. Ourofino's overall GF Score™ is 68/100 with 2 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 Ourofino (BSP:OFSA3), the current Cyclically Adjusted PB Ratio is 2.00 as of Jul. 14, 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 Ourofino (BSP:OFSA3) Overvalued in 2026?

Based on GuruFocus' analysis, Ourofino stock appears to be undervalued. The current stock price of R$26.80 is trading 0.2% below its estimated GF Value™ of R$26.86. GuruFocus considers Ourofino to be Fairly Valued.

Key valuation signals for BSP:OFSA3:

  • Cyclically Adjusted PB Ratio: 2.00 (11% above median its 10-year median of 1.80)
  • GF Value™: R$26.86 vs. price of R$26.80 (0.2% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 9.9% above the Drug Manufacturers median (#405 of 759)

No single metric tells the full story. See the BSP:OFSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ourofino Business Description

Address Anhanguera Highway SP 330, Block C, 2nd floor, Km 298, Industrial District, Cravinhos, SP, BRA, 14140-000
Ourofino SA is engaged in research, development, production and sales of medicines, vaccines and other veterinary products. The company's reportable segments are Production animals, Companion animals, and International operations. It generates maximum revenue from the Production animals segment. The product portfolio includes Anticoccidials, Antimastitics, Biological, Ectoparasiticides, Endectocides, and others.
68GF Score

Get the complete analysis for BSP:OFSA3

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

R$26.80
Price
R$26.86
GF Value