Adecoagro (BUE:ADGO) Cyclically Adjusted PB Ratio: 0.93 (As of Aug. 19, 2026) — 11% Below Median

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BUE:ADGO Adecoagro SA BUE:ADGO
74 GF Score
Price ARS15,410.00
GF Value ARS16,792.34
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Adecoagro Cyclically Adjusted PB Ratio?

Adecoagro BUE:ADGO +9.68% 74 Cyclically Adjusted PB Ratio is 0.93 as of Aug. 19, 2026, which is 11% below its 10-year median of 1.05. GuruFocus rates BUE:ADGO with a GF Score™ of 74/100 and a GF Value™ of ARS16,792.34 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,366 Consumer Packaged Goods companies, Adecoagro ranks better than 64.28% on this metric.

As of today (2026-08-19), Adecoagro's current share price is ARS15410.00. Adecoagro's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ARS16,522.62. Adecoagro's Cyclically Adjusted PB Ratio for today is 0.93.

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

BUE:ADGO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.05   Max: 1.66
Current: 0.93

During the past years, Adecoagro's highest Cyclically Adjusted PB Ratio was 1.66. The lowest was 0.48. And the median was 1.05.

BUE:ADGO's Cyclically Adjusted PB Ratio is ranked better than
64.28% of 1366 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs BUE:ADGO: 0.93

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.

Adecoagro's adjusted book value per share data for the three months ended in Jun. 2026 was ARS17,864.022. 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 ARS16,522.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adecoagro  (BUE:ADGO) 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.


Adecoagro Cyclically Adjusted PB Ratio Related Terms


Adecoagro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adecoagro'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.

Adecoagro Cyclically Adjusted PB Ratio Chart

Adecoagro 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 1.01 1.03 1.30 1.04 0.79

Adecoagro 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 0.94 0.79 0.79 1.45 0.90

BUE:ADGO vs DMC, DOLE, VITL: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Adecoagro'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.


Adecoagro Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Adecoagro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BUE:ADGO
74GF Score
Adecoagro SA BUE:ADGO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adecoagro 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15410.00/16522.62
=0.93

* 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.

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

For example, Adecoagro'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)
=17864.022/128.6000*128.6000
=17,864.022

Current CPI (Jun. 2026) = 128.6000.

Adecoagro Quarterly Data

Book Value per Share CPI Adj_Book
201609 78.564 100.750 100.281
201612 91.644 101.040 116.641
201703 88.553 101.780 111.888
201706 91.147 102.170 114.725
201709 100.878 102.520 126.540
201712 109.291 102.410 137.241
201803 107.225 102.900 134.005
201806 108.913 103.650 135.130
201809 321.597 104.580 395.462
201812 344.078 104.320 424.161
201903 352.370 105.140 430.995
201906 422.029 105.550 514.192
201909 454.572 105.900 552.011
201912 504.521 106.080 611.627
202003 451.870 106.040 548.005
202006 478.352 106.340 578.485
202009 532.152 106.620 641.857
202012 641.788 106.670 773.731
202103 712.943 108.140 847.831
202106 774.576 108.680 916.548
202109 833.406 109.470 979.045
202112 919.678 111.090 1,064.638
202203 1,096.803 114.780 1,228.863
202206 1,195.670 116.750 1,317.029
202209 1,430.061 117.000 1,571.845
202212 1,744.962 117.060 1,916.984
202303 2,140.624 118.910 2,315.064
202306 2,705.578 120.460 2,888.406
202309 4,139.257 121.740 4,372.502
202312 4,185.756 121.170 4,442.422
202403 11,155.247 122.590 11,702.135
202406 11,908.102 123.120 12,438.125
202409 13,164.260 123.300 13,730.120
202412 13,820.952 122.430 14,517.475
202503 15,139.093 124.210 15,674.160
202506 16,273.301 125.820 16,632.861
202509 18,615.771 126.570 18,914.341
202512 16,852.022 126.180 17,175.226
202603 17,017.433 127.160 17,210.144
202606 17,864.022 128.600 17,864.022

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 0.93 mean?
Adecoagro (BUE:ADGO) has a Cyclically Adjusted PB Ratio of 0.93 as of Aug. 19, 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 Adecoagro and its competitors. This is 11% below median its historical median of 1.05. Over the past decade, Adecoagro's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.66. According to the industry distribution chart, Adecoagro ranks #488 out of 1366 companies in the Consumer Packaged Goods industry, placing it in the top 35.7%.
Is Adecoagro's Cyclically Adjusted PB Ratio too high?
Adecoagro's current Cyclically Adjusted PB Ratio of 0.93 is 11% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.66. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Adecoagro's value of 0.93 is 27.3% below this industry median. Based on the distribution chart, Adecoagro ranks #488 out of 1366 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Adecoagro has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adecoagro's Cyclically Adjusted PB Ratio compare to DMC and DOLE?
According to the Consumer Packaged Goods industry distribution chart, Adecoagro ranks #488 out of 1366 companies for Cyclically Adjusted PB Ratio. This puts Adecoagro in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Adecoagro's value of 0.93 is 27.3% below this benchmark. Historically, Adecoagro's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.66 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.28, Adecoagro 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.28, based on 1,366 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. Adecoagro's current Cyclically Adjusted PB Ratio of 0.93 is 27.3% 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 Adecoagro and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adecoagro's current Cyclically Adjusted PB Ratio is 0.93, which is 11% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adecoagro stock overvalued right now?
Based on GuruFocus' analysis, Adecoagro (BUE:ADGO) is currently considered Fairly Valued. The stock's GF Value™ is ARS16,792.34, compared to a current price of ARS15,410.00 — trading 8.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 11% below median its 10-year median of 1.05 and 27.3% below the Consumer Packaged Goods industry median of 1.28. Adecoagro's overall GF Score™ is 74/100 with 6 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 Adecoagro (BUE:ADGO), the current Cyclically Adjusted PB Ratio is 0.93 as of Aug. 19, 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 Adecoagro (BUE:ADGO) Overvalued in 2026?

Based on GuruFocus' analysis, Adecoagro stock appears to be undervalued. The current stock price of ARS15,410.00 is trading 8.2% below its estimated GF Value™ of ARS16,792.34. GuruFocus considers Adecoagro to be Fairly Valued.

Key valuation signals for BUE:ADGO:

  • Cyclically Adjusted PB Ratio: 0.93 (11% below median its 10-year median of 1.05)
  • GF Value™: ARS16,792.34 vs. price of ARS15,410.00 (8.2% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 27.3% below the Consumer Packaged Goods median (#488 of 1366)

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


Adecoagro Business Description

Other Exchanges AGRO:USA0DWL:UKACD:Germany
Address 28, Boulevard F.W, Raiffeisen, LUX, L-2411
Adecoagro SA is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations sugar, ethanol, energy production, and land transformation. The group operates in two lines of business, namely, Farming and Sugar, Ethanol and Energy. The Farming is further comprised of three reportable segments: Crops, Rice and Dairy. Sugar, Ethanol and Energy Segment, consists of cultivating sugarcane, which is processed in owned sugar mills, transformed into ethanol, sugar and electricity, in addition to biomethane and then marketed.
74GF Score

Get the complete analysis for BUE:ADGO

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

ARS15,410.00
Price
ARS16,792.34
GF Value