CIAneamento Do Parana-SANEPAR (BSP:SAPR4) Cyclically Adjusted PB Ratio: 1.38 (As of Jul. 17, 2026) — 25% Above Median

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BSP:SAPR4 CIA Saneamento Do Parana-SANEPAR BSP:SAPR4
91 GF Score
Price R$7.16
GF Value R$11.08
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is CIAneamento Do Parana-SANEPAR Cyclically Adjusted PB Ratio?

CIAneamento Do Parana-SANEPAR BSP:SAPR4 -1.38% 91 Cyclically Adjusted PB Ratio is 1.38 as of Jul. 17, 2026, which is 25% above its 10-year median of 1.10. GuruFocus rates BSP:SAPR4 with a GF Score™ of 91/100 and a GF Value™ of R$11.08 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 440 Utilities - Regulated companies, CIAneamento Do Parana-SANEPAR ranks better than 55.91% on this metric.

As of today (2026-07-17), CIAneamento Do Parana-SANEPAR's current share price is R$7.16. CIAneamento Do Parana-SANEPAR's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was R$5.20. CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio for today is 1.38.

The historical rank and industry rank for CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:SAPR4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.1   Max: 2.59
Current: 1.33

During the past years, CIAneamento Do Parana-SANEPAR's highest Cyclically Adjusted PB Ratio was 2.59. The lowest was 0.69. And the median was 1.10.

BSP:SAPR4's Cyclically Adjusted PB Ratio is ranked better than
55.91% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.525 vs BSP:SAPR4: 1.33

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.

CIAneamento Do Parana-SANEPAR's adjusted book value per share data for the three months ended in Mar. 2026 was R$8.404. 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$5.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CIAneamento Do Parana-SANEPAR  (BSP:SAPR4) 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.


CIAneamento Do Parana-SANEPAR Cyclically Adjusted PB Ratio Related Terms


CIAneamento Do Parana-SANEPAR Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CIAneamento Do Parana-SANEPAR'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.

CIAneamento Do Parana-SANEPAR Cyclically Adjusted PB Ratio Chart

CIAneamento Do Parana-SANEPAR 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 0.90 0.74 1.10 0.99 1.46

CIAneamento Do Parana-SANEPAR 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 0.97 1.33 1.33 1.46 1.64

BSP:SAPR4 vs AWK, WTRG, AWR: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Water subindustry, CIAneamento Do Parana-SANEPAR'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.


CIAneamento Do Parana-SANEPAR Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio falls into.


BSP:SAPR4
91GF Score
CIA Saneamento Do Parana-SANEPAR BSP:SAPR4
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CIAneamento Do Parana-SANEPAR 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.

CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.16/5.20
=1.38

* 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.

CIAneamento Do Parana-SANEPAR's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, CIAneamento Do Parana-SANEPAR'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)
=8.404/175.0655*175.0655
=8.404

Current CPI (Mar. 2026) = 175.0655.

CIAneamento Do Parana-SANEPAR Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.993 108.851 4.814
201609 3.074 109.986 4.893
201612 3.182 110.802 5.028
201703 3.288 111.869 5.145
201706 3.214 112.115 5.019
201709 3.330 112.777 5.169
201712 3.410 114.068 5.233
201803 3.533 114.868 5.384
201806 3.488 117.038 5.217
201809 3.575 117.881 5.309
201812 3.783 118.340 5.596
201903 3.927 120.124 5.723
201906 3.826 120.977 5.537
201909 3.987 121.292 5.755
201912 4.085 123.436 5.794
202003 4.255 124.092 6.003
202006 4.294 123.557 6.084
202009 4.403 125.095 6.162
202012 4.594 129.012 6.234
202103 4.758 131.660 6.327
202106 4.837 133.871 6.325
202109 5.014 137.913 6.365
202112 5.179 141.992 6.385
202203 5.372 146.537 6.418
202206 5.382 149.784 6.290
202209 5.564 147.800 6.590
202212 5.814 150.207 6.776
202303 6.026 153.352 6.879
202306 6.022 154.519 6.823
202309 6.285 155.464 7.077
202312 6.448 157.148 7.183
202403 6.699 159.372 7.359
202406 6.736 161.052 7.322
202409 6.986 162.342 7.534
202412 7.166 164.740 7.615
202503 7.965 168.102 8.295
202506 7.798 169.670 8.046
202509 7.961 170.739 8.163
202512 8.171 171.765 8.328
202603 8.404 175.066 8.404

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 1.38 mean?
CIAneamento Do Parana-SANEPAR (BSP:SAPR4) has a Cyclically Adjusted PB Ratio of 1.38 as of Jul. 17, 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 CIAneamento Do Parana-SANEPAR and its competitors. This is 25% above median its historical median of 1.10. Over the past decade, CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.59. According to the industry distribution chart, CIAneamento Do Parana-SANEPAR ranks #194 out of 440 companies in the Utilities - Regulated industry, placing it in the top 44.1%.
Is CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio too high?
CIAneamento Do Parana-SANEPAR's current Cyclically Adjusted PB Ratio of 1.38 is 25% above median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.59. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. CIAneamento Do Parana-SANEPAR's value of 1.38 is 9.5% below this industry median. Based on the distribution chart, CIAneamento Do Parana-SANEPAR ranks #194 out of 440 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CIAneamento Do Parana-SANEPAR has a GF Score™ of 91/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CIAneamento Do Parana-SANEPAR's Cyclically Adjusted PB Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, CIAneamento Do Parana-SANEPAR ranks #194 out of 440 companies for Cyclically Adjusted PB Ratio. This puts CIAneamento Do Parana-SANEPAR in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. CIAneamento Do Parana-SANEPAR's value of 1.38 is 9.5% below this benchmark. Historically, CIAneamento Do Parana-SANEPAR's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 2.59 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.53, CIAneamento Do Parana-SANEPAR 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 440 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. CIAneamento Do Parana-SANEPAR's current Cyclically Adjusted PB Ratio of 1.38 is 9.5% 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 CIAneamento Do Parana-SANEPAR and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CIAneamento Do Parana-SANEPAR's current Cyclically Adjusted PB Ratio is 1.38, which is 25% above median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIAneamento Do Parana-SANEPAR stock overvalued right now?
Based on GuruFocus' analysis, CIAneamento Do Parana-SANEPAR (BSP:SAPR4) is currently considered Possible Value Trap. The stock's GF Value™ is R$11.08, compared to a current price of R$7.16 — trading 35.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.38, which is 25% above median its 10-year median of 1.10 and 9.5% below the Utilities - Regulated industry median of 1.53. CIAneamento Do Parana-SANEPAR's overall GF Score™ is 91/100 with 5 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 CIAneamento Do Parana-SANEPAR (BSP:SAPR4), the current Cyclically Adjusted PB Ratio is 1.38 as of Jul. 17, 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 CIAneamento Do Parana-SANEPAR (BSP:SAPR4) Overvalued in 2026?

Based on GuruFocus' analysis, CIAneamento Do Parana-SANEPAR stock appears to be undervalued. The current stock price of R$7.16 is trading 35.4% below its estimated GF Value™ of R$11.08. GuruFocus considers CIAneamento Do Parana-SANEPAR to be Possible Value Trap.

Key valuation signals for BSP:SAPR4:

  • Cyclically Adjusted PB Ratio: 1.38 (25% above median its 10-year median of 1.10)
  • GF Value™: R$11.08 vs. price of R$7.16 (35.4% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 9.5% below the Utilities - Regulated median (#194 of 440)

No single metric tells the full story. See the BSP:SAPR4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CIAneamento Do Parana-SANEPAR Business Description

Other Exchanges SAPR11:BrazilSAPR3:Brazil
Address Rua Engenheiros Reboucas 1376, Curitiba, PR, BRA, 80215-900
CIA Saneamento Do Parana-SANEPAR provides treated water supply sewage collection & treatment, and Solid waste management services. The company provides sanitation services to cities, smaller areas, and municipalities. The firm operates in two business segments: Water treatment & distribution and Sanitary Sewage collection & treatment. It has a network for the withdrawal & distribution of drinking water, sewage collection, and the discharge of treated sewage. The firm operates landfills in Apucarana, Cornello, Procopio, and Cianorte for solid waste management. The majority of revenue get derived from the Water distribution and treatment segment.
91GF Score

Get the complete analysis for BSP:SAPR4

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

R$7.16
Price
R$11.08
GF Value