Grupo Aeroportuario del SuresteB de CV (BSP:S2RE34) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
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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:S2RE34 Grupo Aeroportuario del Sureste SAB de CV BSP:S2RE34
72 GF Score
Price R$70.65
GF Value R$94.06
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Aeroportuario del SuresteB de CV  (BSP:S2RE34) 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.


Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio Related Terms


Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Aeroportuario del SuresteB de CV'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.

Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio Chart

Grupo Aeroportuario del SuresteB de CV 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 4.30 4.09 4.10 4.01 4.08

Grupo Aeroportuario del SuresteB de CV 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 4.08 4.32 4.23 4.08 4.15

BSP:S2RE34 vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, Grupo Aeroportuario del SuresteB de CV'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.


Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio falls into.


BSP:S2RE34
72GF Score
Grupo Aeroportuario del Sureste SAB de CV BSP:S2RE34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo Aeroportuario del SuresteB de CV 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.

Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Grupo Aeroportuario del SuresteB de CV'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)
=40.981/166.0400*166.0400
=40.981

Current CPI (Mar. 2026) = 166.0400.

Grupo Aeroportuario del SuresteB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.748 101.905 20.771
201609 12.163 103.084 19.591
201612 12.339 105.002 19.512
201703 13.209 108.063 20.296
201706 14.016 108.339 21.481
201709 13.938 109.628 21.110
201712 14.563 112.114 21.568
201803 16.411 113.505 24.007
201806 17.238 113.373 25.246
201809 20.072 115.130 28.948
201812 19.189 117.530 27.109
201903 20.115 118.050 28.292
201906 19.275 117.848 27.157
201909 21.006 118.581 29.413
201912 22.603 120.854 31.054
202003 24.199 121.885 32.965
202006 25.687 121.777 35.024
202009 27.916 123.341 37.580
202012 29.024 124.661 38.658
202103 31.963 127.574 41.601
202106 27.954 128.936 35.998
202109 30.272 130.742 38.445
202112 34.160 133.830 42.382
202203 32.632 137.082 39.525
202206 31.151 139.233 37.149
202209 34.378 142.116 40.165
202212 37.327 144.291 42.953
202303 41.793 146.472 47.377
202306 37.352 146.272 42.400
202309 40.210 148.446 44.976
202312 43.247 151.017 47.549
202403 47.746 152.947 51.833
202406 0.000 153.551 0.000
202409 47.149 155.246 50.427
202412 52.864 157.378 55.774
202503 54.199 158.761 56.684
202506 34.386 160.180 35.644
202509 36.009 161.030 37.129
202512 39.903 163.190 40.600
202603 40.981 166.040 40.981

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 Grupo Aeroportuario del SuresteB de CV (BSP:S2RE34) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Aeroportuario del SuresteB de CV stock appears to be undervalued. The current stock price of R$70.65 is trading 24.9% below its estimated GF Value™ of R$94.06. GuruFocus considers Grupo Aeroportuario del SuresteB de CV to be Modestly Undervalued.

Key valuation signals for BSP:S2RE34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$94.06 vs. price of R$70.65 (24.9% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the BSP:S2RE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo Aeroportuario del SuresteB de CV Business Description

Address Bosque de Alisos No. 47A, 4th Floor, Bosques de las Lomas, Ciudad de Mexico, DF, MEX, 05120
Grupo Aeroportuario del Sureste SAB de CV and its subsidiaries hold concessions to operate, maintain, and develop airports in the southeast region of Mexico. As an operator of airports, it charges airlines, passengers, and other users fees for using the airports' facilities. The group also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. The company's operating segments are Cancun, which generates majority revenue, Aerostar, Airplan, Merida, Villahermosa, Holding and Services, and Others.
72GF Score

Get the complete analysis for BSP:S2RE34

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

R$70.65
Price
R$94.06
GF Value