PDG Realty Empreendimentos e Participacoes (BSP:PDGR3) Cyclically Adjusted PB Ratio: (As of Jul. 20, 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:PDGR3 PDG Realty SA Empreendimentos e Participacoes BSP:PDGR3
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What is PDG Realty Empreendimentos e Participacoes Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PDG Realty Empreendimentos e Participacoes  (BSP:PDGR3) 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.


PDG Realty Empreendimentos e Participacoes Cyclically Adjusted PB Ratio Related Terms


PDG Realty Empreendimentos e Participacoes Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PDG Realty Empreendimentos 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.

PDG Realty Empreendimentos e Participacoes Cyclically Adjusted PB Ratio Chart

PDG Realty Empreendimentos 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 0.00 0.00 0.00 0.00 0.00

PDG Realty Empreendimentos 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 0.00 0.00 0.00 0.00 0.00

PDG Realty Empreendimentos e Participacoes Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, PDG Realty Empreendimentos 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.


PDG Realty Empreendimentos e Participacoes Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where PDG Realty Empreendimentos e Participacoes's Cyclically Adjusted PB Ratio falls into.


BSP:PDGR3
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PDG Realty SA Empreendimentos e Participacoes BSP:PDGR3
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PDG Realty Empreendimentos 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.

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

For example, PDG Realty Empreendimentos 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)
=-986.857/175.0655*175.0655
=-986.857

Current CPI (Mar. 2026) = 175.0655.

PDG Realty Empreendimentos e Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 108.851 0.000
201609 0.000 109.986 0.000
201612 0.000 110.802 0.000
201703 0.000 111.869 0.000
201706 0.000 112.115 0.000
201709 0.000 112.777 0.000
201712 0.000 114.068 0.000
201803 0.000 114.868 0.000
201806 0.000 117.038 0.000
201809 0.000 117.881 0.000
201812 0.000 118.340 0.000
201903 0.000 120.124 0.000
201906 0.000 120.977 0.000
201909 0.000 121.292 0.000
201912 0.000 123.436 0.000
202003 0.000 124.092 0.000
202006 0.000 123.557 0.000
202009 0.000 125.095 0.000
202012 0.000 129.012 0.000
202103 0.000 131.660 0.000
202106 0.000 133.871 0.000
202109 0.000 137.913 0.000
202112 0.000 141.992 0.000
202203 0.000 146.537 0.000
202206 0.000 149.784 0.000
202209 0.000 147.800 0.000
202212 0.000 150.207 0.000
202303 0.000 153.352 0.000
202306 0.000 154.519 0.000
202309 0.000 155.464 0.000
202312 -1,083,235.333 157.148 -1,206,741.508
202403 -1,105,528.000 159.372 -1,214,387.260
202406 -1,128,228.000 161.052 -1,226,401.486
202409 -46,323.729 162.342 -49,954.213
202412 -46,610.814 164.740 -49,532.206
202503 -48,050.786 168.102 -50,041.373
202506 -23,174.223 169.670 -23,911.191
202509 -23,008.709 170.739 -23,591.732
202512 -982.249 171.765 -1,001.121
202603 -986.857 175.066 -986.857

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.


PDG Realty Empreendimentos e Participacoes Business Description

Address R Da Quitanda. 86 - 4th Floor, partial, Rio de Janeiro, RJ, BRA, 20091-005
PDG Realty SA Empreendimentos e Participacoes is a construction and real estate development company in Brazil. It operates in the residential market and, complementarily, in the commercial and land development segments.
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