Viverorporadora e Construtora (BSP:VIVR3) Cyclically Adjusted PB Ratio: (As of Jul. 28, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:VIVR3 Viver Incorporadora e Construtora SA BSP:VIVR3
32 GF Score
Price R$1.69
GF Value R$2.85
Valuation Possible Value Trap
! 7 Warning Signs
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What is Viverorporadora e Construtora Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Viverorporadora e Construtora  (BSP:VIVR3) 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.


Viverorporadora e Construtora Cyclically Adjusted PB Ratio Related Terms


Viverorporadora e Construtora Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Viverorporadora e Construtora'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.

Viverorporadora e Construtora Cyclically Adjusted PB Ratio Chart

Viverorporadora e Construtora 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

Viverorporadora e Construtora 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

Viverorporadora e Construtora Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Viverorporadora e Construtora'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.


Viverorporadora e Construtora Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


BSP:VIVR3
32GF Score
Viver Incorporadora e Construtora SA BSP:VIVR3
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viverorporadora e Construtora 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.

Viverorporadora e Construtora's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Viverorporadora e Construtora'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)
=-9.379/175.0655*175.0655
=-9.379

Current CPI (Mar. 2026) = 175.0655.

Viverorporadora e Construtora Quarterly Data

Book Value per Share CPI Adj_Book
201606 -69,618.200 108.851 -111,967.642
201609 -85,746.400 109.986 -136,483.032
201612 -72,784.857 110.802 -114,998.984
201703 -76,847.143 111.869 -120,259.156
201706 -89,079.857 112.115 -139,097.170
201709 -86,534.000 112.777 -134,327.843
201712 -9,423.429 114.068 -14,462.603
201803 -14,103.667 114.868 -21,494.789
201806 -264.212 117.038 -395.210
201809 -445.526 117.881 -661.650
201812 76.471 118.340 113.127
201903 106.080 120.124 154.599
201906 -20.045 120.977 -29.007
201909 -147.663 121.292 -213.127
201912 -212.607 123.436 -301.533
202003 -228.957 124.092 -323.007
202006 -223.536 123.557 -316.724
202009 -167.688 125.095 -234.673
202012 -205.134 129.012 -278.360
202103 -206.014 131.660 -273.932
202106 -158.570 133.871 -207.366
202109 -127.784 137.913 -162.208
202112 -139.619 141.992 -172.139
202203 -145.483 146.537 -173.806
202206 -133.026 149.784 -155.479
202209 -105.377 147.800 -124.817
202212 -104.347 150.207 -121.616
202303 14.080 153.352 16.074
202306 7.800 154.519 8.837
202309 8.377 155.464 9.433
202312 2.218 157.148 2.471
202403 38.482 159.372 42.271
202406 33.523 161.052 36.440
202409 35.984 162.342 38.804
202412 25.957 164.740 27.584
202503 23.416 168.102 24.386
202506 21.518 169.670 22.202
202509 20.179 170.739 20.690
202512 -9.325 171.765 -9.504
202603 -9.379 175.066 -9.379

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 Viverorporadora e Construtora (BSP:VIVR3) Overvalued in 2026?

Based on GuruFocus' analysis, Viverorporadora e Construtora stock appears to be undervalued. The current stock price of R$1.69 is trading 40.7% below its estimated GF Value™ of R$2.85. GuruFocus considers Viverorporadora e Construtora to be Possible Value Trap.

Key valuation signals for BSP:VIVR3:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$2.85 vs. price of R$1.69 (40.7% below fair value)
  • GF Score™: 32/100 with 7 warning signs

No single metric tells the full story. See the BSP:VIVR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viverorporadora e Construtora Business Description

Address Rua Olimpiadas, 205 - 2nd Floor, Vila Olimpia, SP, BRA, 04551-000
Viver Incorporadora e Construtora SA is engaged in the development of real estate ventures, particularly in the residential and commercial segments, as well as the provision of real estate development management services. The Company's primary focus is on the residential market, in the middle and mid-high segments. The Company's and its subsidiaries and joint ventures' main revenue is generated by real estate development operations.
32GF Score

Get the complete analysis for BSP:VIVR3

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

R$1.69
Price
R$2.85
GF Value