Grupo SBF (BSP:SBFG3) Cyclically Adjusted PB Ratio: 1.23 (As of Aug. 02, 2026) — 30% Below Median

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BSP:SBFG3 Grupo SBF SA BSP:SBFG3
91 GF Score
Price R$9.45
GF Value R$14.22
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Grupo SBF Cyclically Adjusted PB Ratio?

Grupo SBF BSP:SBFG3 91 Cyclically Adjusted PB Ratio is 1.23 as of Aug. 02, 2026, which is 30% below its 10-year median of 1.76. GuruFocus rates BSP:SBFG3 with a GF Score™ of 91/100 and a GF Value™ of R$14.22 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 806 Retail - Cyclical companies, Grupo SBF ranks better than 50.5% on this metric.

As of today (2026-08-02), Grupo SBF's current share price is R$9.45. Grupo SBF's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was R$7.66. Grupo SBF's Cyclically Adjusted PB Ratio for today is 1.23.

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

BSP:SBFG3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.76   Max: 1.99
Current: 1.22

During the past 11 years, Grupo SBF's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 1.22. And the median was 1.76.

BSP:SBFG3's Cyclically Adjusted PB Ratio is ranked better than
50.5% of 806 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs BSP:SBFG3: 1.22

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.

Grupo SBF's adjusted book value per share data of for the fiscal year that ended in Dec25 was R$13.288. 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$7.66 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo SBF  (BSP:SBFG3) 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 SBF Cyclically Adjusted PB Ratio Related Terms


Grupo SBF Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo SBF'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 SBF Cyclically Adjusted PB Ratio Chart

Grupo SBF 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 1.78 1.69

Grupo SBF 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 1.69 0.00

BSP:SBFG3 vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Grupo SBF'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 SBF Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Grupo SBF's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:SBFG3
91GF Score
Grupo SBF SA BSP:SBFG3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo SBF 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 SBF's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.45/7.66
=1.23

* 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 SBF's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Grupo SBF's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=13.288/171.7653*171.7653
=13.288

Current CPI (Dec25) = 171.7653.

Grupo SBF Annual Data

Book Value per Share CPI Adj_Book
201612 -0.568 110.802 -0.881
201712 0.187 114.068 0.282
201812 0.912 118.340 1.324
201912 4.523 123.436 6.294
202012 7.077 129.012 9.422
202112 9.152 141.992 11.071
202212 9.888 150.207 11.307
202312 10.427 157.148 11.397
202412 12.530 164.740 13.064
202512 13.288 171.765 13.288

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 1.23 mean?
Grupo SBF (BSP:SBFG3) has a Cyclically Adjusted PB Ratio of 1.23 as of Aug. 02, 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 Grupo SBF and its competitors. This is 30% below median its historical median of 1.76. Over the past decade, Grupo SBF's Cyclically Adjusted PB Ratio has ranged from 1.22 to 1.99. According to the industry distribution chart, Grupo SBF ranks #399 out of 806 companies in the Retail - Cyclical industry, placing it in the top 49.5%.
Is Grupo SBF's Cyclically Adjusted PB Ratio too high?
Grupo SBF's current Cyclically Adjusted PB Ratio of 1.23 is 30% below median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 1.99. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Grupo SBF's value of 1.23 is 1.6% below this industry median. Based on the distribution chart, Grupo SBF ranks #399 out of 806 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Grupo SBF 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 Grupo SBF's Cyclically Adjusted PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Grupo SBF ranks #399 out of 806 companies for Cyclically Adjusted PB Ratio. This puts Grupo SBF in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Grupo SBF's value of 1.23 is 1.6% below this benchmark. Historically, Grupo SBF's own Cyclically Adjusted PB Ratio has ranged from 1.22 to 1.99 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.25, Grupo SBF 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 806 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. Grupo SBF's current Cyclically Adjusted PB Ratio of 1.23 is 1.6% 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 Grupo SBF 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. Grupo SBF's current Cyclically Adjusted PB Ratio is 1.23, which is 30% below median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo SBF stock overvalued right now?
Based on GuruFocus' analysis, Grupo SBF (BSP:SBFG3) is currently considered Possible Value Trap. The stock's GF Value™ is R$14.22, compared to a current price of R$9.45 — trading 33.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.23, which is 30% below median its 10-year median of 1.76 and 1.6% below the Retail - Cyclical industry median of 1.25. Grupo SBF's overall GF Score™ is 91/100 with 3 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 Grupo SBF (BSP:SBFG3), the current Cyclically Adjusted PB Ratio is 1.23 as of Aug. 02, 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 Grupo SBF (BSP:SBFG3) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo SBF stock appears to be undervalued. The current stock price of R$9.45 is trading 33.5% below its estimated GF Value™ of R$14.22. GuruFocus considers Grupo SBF to be Possible Value Trap.

Key valuation signals for BSP:SBFG3:

  • Cyclically Adjusted PB Ratio: 1.23 (30% below median its 10-year median of 1.76)
  • GF Value™: R$14.22 vs. price of R$9.45 (33.5% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 1.6% below the Retail - Cyclical median (#399 of 806)

No single metric tells the full story. See the BSP:SBFG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo SBF Business Description

Address Rua Hugo D\'Antola, 200, Lapa, Bloco A, Sao Paulo, SP, BRA, 05038-090
Grupo SBF SA is a sports retailing company based in Brazil. It operates through omnichannel and multichannel platforms, with operations integrated into various channels such as physical stores, desktop and mobile applications.
91GF Score

Get the complete analysis for BSP:SBFG3

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

R$9.45
Price
R$14.22
GF Value