Companhia Brasileira De Distribuicao (BSP:PCAR3) Cyclically Adjusted PB Ratio: 0.05 (As of Jul. 15, 2026) — 80% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:PCAR3 Companhia Brasileira De Distribuicao BSP:PCAR3
55 GF Score
Price R$2.45
GF Value R$2.72
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Companhia Brasileira De Distribuicao Cyclically Adjusted PB Ratio?

Companhia Brasileira De Distribuicao BSP:PCAR3 -5.41% 55 Cyclically Adjusted PB Ratio is 0.05 as of Jul. 15, 2026, which is 80% below its 10-year median of 0.25. GuruFocus rates BSP:PCAR3 with a GF Score™ of 55/100 and a GF Value™ of R$2.72 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 809 Retail - Cyclical companies, Companhia Brasileira De Distribuicao ranks better than 98.15% on this metric.

As of today (2026-07-15), Companhia Brasileira De Distribuicao's current share price is R$2.45. Companhia Brasileira De Distribuicao's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$44.80. Companhia Brasileira De Distribuicao's Cyclically Adjusted PB Ratio for today is 0.05.

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

BSP:PCAR3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.25   Max: 0.81
Current: 0.05

During the past years, Companhia Brasileira De Distribuicao's highest Cyclically Adjusted PB Ratio was 0.81. The lowest was 0.03. And the median was 0.25.

BSP:PCAR3's Cyclically Adjusted PB Ratio is ranked better than
98.15% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs BSP:PCAR3: 0.05

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.

Companhia Brasileira De Distribuicao's adjusted book value per share data for the three months ended in Mar. 2026 was R$1.349. 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$44.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Companhia Brasileira De Distribuicao  (BSP:PCAR3) 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.


Companhia Brasileira De Distribuicao Cyclically Adjusted PB Ratio Related Terms


Companhia Brasileira De Distribuicao Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Companhia Brasileira De Distribuicao'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.

Companhia Brasileira De Distribuicao Cyclically Adjusted PB Ratio Chart

Companhia Brasileira De Distribuicao 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 0.39 0.29 0.07 0.05 0.08

Companhia Brasileira De Distribuicao Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 0.05 0.00 0.09 0.08 0.05

BSP:PCAR3 vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Companhia Brasileira De Distribuicao'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.


Companhia Brasileira De Distribuicao Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Companhia Brasileira De Distribuicao's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Companhia Brasileira De Distribuicao's Cyclically Adjusted PB Ratio falls into.


BSP:PCAR3
55GF Score
Companhia Brasileira De Distribuicao BSP:PCAR3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia Brasileira De Distribuicao 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.

Companhia Brasileira De Distribuicao's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.45/44.80
=0.05

* 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.

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

For example, Companhia Brasileira De Distribuicao'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)
=1.349/175.0655*175.0655
=1.349

Current CPI (Mar. 2026) = 175.0655.

Companhia Brasileira De Distribuicao Quarterly Data

Book Value per Share CPI Adj_Book
201603 37.622 106.979 61.566
201606 36.460 108.851 58.639
201609 36.146 109.986 57.534
201612 35.234 110.802 55.669
201703 35.998 111.869 56.334
201706 36.613 112.115 57.171
201709 36.697 112.777 56.965
201712 33.753 114.068 51.802
201803 37.187 114.868 56.675
201806 38.607 117.038 57.749
201809 38.714 117.881 57.494
201812 36.775 118.340 54.403
201903 37.352 120.124 54.436
201906 38.552 120.977 55.788
201909 38.903 121.292 56.150
201912 39.150 123.436 55.525
202003 37.607 124.092 53.055
202006 42.001 123.557 59.510
202009 43.709 125.095 61.169
202012 45.723 129.012 62.045
202103 46.765 131.660 62.182
202106 42.230 133.871 55.225
202109 44.085 137.913 55.961
202112 45.383 141.992 55.954
202203 47.488 146.537 56.733
202206 47.443 149.784 55.451
202209 44.974 147.800 53.271
202212 38.106 150.207 44.412
202303 37.937 153.352 43.308
202306 37.201 154.519 42.148
202309 16.631 155.464 18.728
202312 15.640 157.148 17.423
202403 9.510 159.372 10.446
202406 8.841 161.052 9.610
202409 8.216 162.342 8.860
202412 5.971 164.740 6.345
202503 0.000 168.102 0.000
202509 5.483 170.739 5.622
202512 4.292 171.765 4.374
202603 1.349 175.066 1.349

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 0.05 mean?
Companhia Brasileira De Distribuicao (BSP:PCAR3) has a Cyclically Adjusted PB Ratio of 0.05 as of Jul. 15, 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 Companhia Brasileira De Distribuicao and its competitors. This is 80% below median its historical median of 0.25. Over the past decade, Companhia Brasileira De Distribuicao's Cyclically Adjusted PB Ratio has ranged from 0.03 to 0.81. According to the industry distribution chart, Companhia Brasileira De Distribuicao ranks #15 out of 809 companies in the Retail - Cyclical industry, placing it in the top 1.9%.
Is Companhia Brasileira De Distribuicao's Cyclically Adjusted PB Ratio too high?
Companhia Brasileira De Distribuicao's current Cyclically Adjusted PB Ratio of 0.05 is 80% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.81. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Companhia Brasileira De Distribuicao's value of 0.05 is 96% below this industry median. Based on the distribution chart, Companhia Brasileira De Distribuicao ranks #15 out of 809 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Companhia Brasileira De Distribuicao has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Companhia Brasileira De Distribuicao's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Companhia Brasileira De Distribuicao ranks #15 out of 809 companies for Cyclically Adjusted PB Ratio. This places Companhia Brasileira De Distribuicao in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Companhia Brasileira De Distribuicao's value of 0.05 is 96% below this benchmark. Historically, Companhia Brasileira De Distribuicao's own Cyclically Adjusted PB Ratio has ranged from 0.03 to 0.81 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 1.25, Companhia Brasileira De Distribuicao 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 809 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. Companhia Brasileira De Distribuicao's current Cyclically Adjusted PB Ratio of 0.05 is 96% 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 Companhia Brasileira De Distribuicao and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia Brasileira De Distribuicao's current Cyclically Adjusted PB Ratio is 0.05, which is 80% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Brasileira De Distribuicao stock overvalued right now?
Based on GuruFocus' analysis, Companhia Brasileira De Distribuicao (BSP:PCAR3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$2.72, compared to a current price of R$2.45 — trading 9.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 80% below median its 10-year median of 0.25 and 96% below the Retail - Cyclical industry median of 1.25. Companhia Brasileira De Distribuicao's overall GF Score™ is 55/100 with 6 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 Companhia Brasileira De Distribuicao (BSP:PCAR3), the current Cyclically Adjusted PB Ratio is 0.05 as of Jul. 15, 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 Companhia Brasileira De Distribuicao (BSP:PCAR3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia Brasileira De Distribuicao stock appears to be undervalued. The current stock price of R$2.45 is trading 9.9% below its estimated GF Value™ of R$2.72. GuruFocus considers Companhia Brasileira De Distribuicao to be Modestly Undervalued.

Key valuation signals for BSP:PCAR3:

  • Cyclically Adjusted PB Ratio: 0.05 (80% below median its 10-year median of 0.25)
  • GF Value™: R$2.72 vs. price of R$2.45 (9.9% below fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 96% below the Retail - Cyclical median (#15 of 809)

No single metric tells the full story. See the BSP:PCAR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia Brasileira De Distribuicao Business Description

Address Avenida Brigadeiro Luiz Antonio, 3142, Jardim Paulista, Sao Paulo, SP, BRA, 01402-901
Companhia Brasileira De Distribuicao is engaged in the retail of food and other products through its chain of supermarkets and specialized stores. The Company has only two segments, referred to as Retail, which comprises the banners Pao de Acucar, Mercado Extra, Minimercado Extra, and Minuto Pao de Acucar. Other businesses comprise the operations of Stix.
55GF Score

Get the complete analysis for BSP:PCAR3

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

R$2.45
Price
R$2.72
GF Value