Trisul (BSP:TRIS3) Cyclically Adjusted PB Ratio: 0.82 (As of Sep. 17, 2026) — 16% Below Median

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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:TRIS3 Trisul SA BSP:TRIS3
92 GF Score
Price R$5.02
GF Value R$5.95
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Trisul Cyclically Adjusted PB Ratio?

Trisul BSP:TRIS3 +1.83% 92 Cyclically Adjusted PB Ratio is 0.82 as of Sep. 17, 2026, which is 16% below its 10-year median of 0.98. GuruFocus rates BSP:TRIS3 with a GF Score™ of 92/100 and a GF Value™ of R$5.95 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,300 Real Estate companies, Trisul ranks worse than 59% on this metric.

As of today (2026-09-17), Trisul's current share price is R$5.02. Trisul's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$6.14. Trisul's Cyclically Adjusted PB Ratio for today is 0.82.

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

BSP:TRIS3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52   Med: 0.98   Max: 3.79
Current: 0.84

During the past years, Trisul's highest Cyclically Adjusted PB Ratio was 3.79. The lowest was 0.52. And the median was 0.98.

BSP:TRIS3's Cyclically Adjusted PB Ratio is ranked worse than
59% of 1300 companies
in the Real Estate industry
Industry Median: 0.66 vs BSP:TRIS3: 0.84

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.

Trisul's adjusted book value per share data for the three months ended in Jun. 2026 was R$6.553. 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$6.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trisul  (BSP:TRIS3) 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.


Trisul Cyclically Adjusted PB Ratio Related Terms


Trisul Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Trisul'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.

Trisul Cyclically Adjusted PB Ratio Chart

Trisul 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 1.03 0.56 0.88 0.62 1.04

Trisul Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.98 0.99 1.07 0.96 0.70

Trisul Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Trisul'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.


Trisul Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Trisul's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BSP:TRIS3
92GF Score
Trisul SA BSP:TRIS3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trisul 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.

Trisul's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.02/6.144
=0.82

* 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.

Trisul's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Trisul's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.553/177.5443*177.5443
=6.553

Current CPI (Jun. 2026) = 177.5443.

Trisul Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.753 109.986 4.444
201612 2.759 110.802 4.421
201703 2.746 111.869 4.358
201706 2.753 112.115 4.360
201709 2.799 112.777 4.406
201712 2.885 114.068 4.490
201803 2.958 114.868 4.572
201806 3.050 117.038 4.627
201809 3.158 117.881 4.756
201812 3.161 118.340 4.742
201903 3.337 120.124 4.932
201906 3.507 120.977 5.147
201909 4.491 121.292 6.574
201912 4.506 123.436 6.481
202003 4.645 124.092 6.646
202006 4.754 123.557 6.831
202009 4.936 125.095 7.006
202012 5.015 129.012 6.902
202103 5.171 131.660 6.973
202106 5.352 133.871 7.098
202109 5.450 137.913 7.016
202112 5.369 141.992 6.713
202203 5.419 146.537 6.566
202206 5.455 149.784 6.466
202209 5.515 147.800 6.625
202212 5.527 150.207 6.533
202303 5.664 153.352 6.558
202306 5.751 154.519 6.608
202309 5.805 155.464 6.629
202312 5.875 157.148 6.638
202403 5.996 159.372 6.680
202406 6.047 161.052 6.666
202409 6.229 162.342 6.812
202412 6.372 164.740 6.867
202503 6.539 168.102 6.906
202506 6.688 169.670 6.998
202509 6.920 170.739 7.196
202512 8.230 171.765 8.507
202603 6.355 175.066 6.445
202606 6.553 177.544 6.553

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 0.82 mean?
Trisul (BSP:TRIS3) has a Cyclically Adjusted PB Ratio of 0.82 as of Sep. 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 Trisul and its competitors. This is 16% below median its historical median of 0.98. Over the past decade, Trisul's Cyclically Adjusted PB Ratio has ranged from 0.52 to 3.79. According to the industry distribution chart, Trisul ranks #767 out of 1300 companies in the Real Estate industry, placing it in the top 59%.
Is Trisul's Cyclically Adjusted PB Ratio too high?
Trisul's current Cyclically Adjusted PB Ratio of 0.82 is 16% below median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 3.79. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.66. Trisul's value of 0.82 is 24.2% above this industry median. Based on the distribution chart, Trisul ranks #767 out of 1300 companies in the Real Estate industry, which is below the industry midpoint. Overall, Trisul has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trisul's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Trisul ranks #767 out of 1300 companies for Cyclically Adjusted PB Ratio. This places Trisul in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.66. Trisul's value of 0.82 is 24.2% above this benchmark. Historically, Trisul's own Cyclically Adjusted PB Ratio has ranged from 0.52 to 3.79 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.66, Trisul has consistently been above 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.66, based on 1,300 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. Trisul's current Cyclically Adjusted PB Ratio of 0.82 is 24.2% above 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 Trisul and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trisul's current Cyclically Adjusted PB Ratio is 0.82, which is 16% below median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trisul stock overvalued right now?
Based on GuruFocus' analysis, Trisul (BSP:TRIS3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$5.95, compared to a current price of R$5.02 — trading 15.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.82, which is 16% below median its 10-year median of 0.98 and 24.2% above the Real Estate industry median of 0.66. Trisul's overall GF Score™ is 92/100 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 Trisul (BSP:TRIS3), the current Cyclically Adjusted PB Ratio is 0.82 as of Sep. 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 Trisul (BSP:TRIS3) Overvalued in 2026?

Based on GuruFocus' analysis, Trisul stock appears to be undervalued. The current stock price of R$5.02 is trading 15.6% below its estimated GF Value™ of R$5.95. GuruFocus considers Trisul to be Modestly Undervalued.

Key valuation signals for BSP:TRIS3:

  • Cyclically Adjusted PB Ratio: 0.82 (16% below median its 10-year median of 0.98)
  • GF Value™: R$5.95 vs. price of R$5.02 (15.6% below fair value)
  • GF Score™: 92/100 with 5 warning signs
  • Industry Position: 24.2% above the Real Estate median (#767 of 1300)

No single metric tells the full story. See the BSP:TRIS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trisul Business Description

Address Alameda dos Jaunas, 70, Indianapolis, Sao Paulo, SP, BRA, 04522-020
Trisul SA mainly operates as a real estate developer and builder in the Sao Paulo metropolitan area of Brazil, focusing on residential projects. It is engaged in real estate development, construction of properties for sale, subdivision of plots of land, and purchase and sale of properties, in addition to holding ownership interests in other companies as a shareholder. It operates in a single segment, real estate development. The majority of the company's revenue is generated from the sale of properties.
92GF Score

Get the complete analysis for BSP:TRIS3

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

R$5.02
Price
R$5.95
GF Value