Fiplasto (BUE:FIPL) Cyclically Adjusted PB Ratio: 2.38 (As of Jul. 18, 2026) — 29% 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.

BUE:FIPL Fiplasto SA BUE:FIPL
71 GF Score
Price ARS173.00
GF Value ARS204.25
Valuation Modestly Undervalued
! 12 Warning Signs
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What is Fiplasto Cyclically Adjusted PB Ratio?

Fiplasto BUE:FIPL +1.17% 71 Cyclically Adjusted PB Ratio is 2.38 as of Jul. 18, 2026, which is 29% below its 10-year median of 3.34. GuruFocus rates BUE:FIPL with a GF Score™ of 71/100 and a GF Value™ of ARS204.25 (Modestly Undervalued). The stock has 12 warning signs investors should review. Among 340 Furnishings, Fixtures & Appliances companies, Fiplasto ranks worse than 69.41% on this metric.

As of today (2026-07-18), Fiplasto's current share price is ARS173.00. Fiplasto's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ARS72.71. Fiplasto's Cyclically Adjusted PB Ratio for today is 2.38.

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

BUE:FIPL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 3.34   Max: 24.23
Current: 2.31

During the past years, Fiplasto's highest Cyclically Adjusted PB Ratio was 24.23. The lowest was 0.02. And the median was 3.34.

BUE:FIPL's Cyclically Adjusted PB Ratio is ranked worse than
69.41% of 340 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.21 vs BUE:FIPL: 2.31

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.

Fiplasto's adjusted book value per share data for the three months ended in Mar. 2026 was ARS277.260. 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 ARS72.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fiplasto  (BUE:FIPL) 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.


Fiplasto Cyclically Adjusted PB Ratio Related Terms


Fiplasto Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fiplasto'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.

Fiplasto Cyclically Adjusted PB Ratio Chart

Fiplasto Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 3.68 6.49 12.35 4.99

Fiplasto 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 6.07 4.99 3.34 4.06 2.52

BUE:FIPL vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Fiplasto'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.


Fiplasto Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fiplasto's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BUE:FIPL
71GF Score
Fiplasto SA BUE:FIPL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fiplasto 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=173.00/72.71
=2.38

* 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.

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

For example, Fiplasto'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)
=277.26/330.2130*330.2130
=277.260

Current CPI (Mar. 2026) = 330.2130.

Fiplasto Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.720 241.018 2.357
201609 1.703 241.428 2.329
201612 1.708 241.432 2.336
201703 1.847 243.801 2.502
201706 1.695 244.955 2.285
201709 1.760 246.819 2.355
201712 1.771 246.524 2.372
201803 1.819 249.554 2.407
201806 4.648 251.989 6.091
201809 1.406 252.439 1.839
201812 2.955 251.233 3.884
201903 3.290 254.202 4.274
201906 4.854 256.143 6.258
201909 3.398 256.759 4.370
201912 3.779 256.974 4.856
202003 3.512 258.115 4.493
202006 5.933 257.797 7.600
202009 4.157 260.280 5.274
202012 4.312 260.474 5.466
202103 4.464 264.877 5.565
202106 9.241 271.696 11.231
202109 7.396 274.310 8.903
202112 9.741 278.802 11.537
202203 12.072 287.504 13.865
202206 29.681 296.311 33.077
202209 19.382 296.808 21.563
202212 13.805 296.797 15.359
202303 34.846 301.836 38.122
202306 150.461 305.109 162.841
202309 58.721 307.789 62.999
202312 128.064 306.746 137.861
202403 182.536 312.332 192.986
202406 257.359 314.175 270.497
202409 225.515 315.301 236.181
202412 273.914 315.605 286.592
202503 254.119 319.799 262.394
202506 247.022 322.561 252.882
202509 247.284 324.800 251.405
202512 276.554 324.054 281.810
202603 277.260 330.213 277.260

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 2.38 mean?
Fiplasto (BUE:FIPL) has a Cyclically Adjusted PB Ratio of 2.38 as of Jul. 18, 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 Fiplasto and its competitors. This is 29% below median its historical median of 3.34. Over the past decade, Fiplasto's Cyclically Adjusted PB Ratio has ranged from 0.02 to 24.23. According to the industry distribution chart, Fiplasto ranks #236 out of 340 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 69.4%.
Is Fiplasto's Cyclically Adjusted PB Ratio too high?
Fiplasto's current Cyclically Adjusted PB Ratio of 2.38 is 29% below median its 10-year median of 3.34. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 24.23. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.21. Fiplasto's value of 2.38 is 96.7% above this industry median. Based on the distribution chart, Fiplasto ranks #236 out of 340 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Fiplasto has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fiplasto's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Fiplasto ranks #236 out of 340 companies for Cyclically Adjusted PB Ratio. This places Fiplasto in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Fiplasto's value of 2.38 is 96.7% above this benchmark. Historically, Fiplasto's own Cyclically Adjusted PB Ratio has ranged from 0.02 to 24.23 over the past decade. While the company's 10-year median is 3.34 vs. the industry median of 1.21, Fiplasto 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.21, based on 340 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. Fiplasto's current Cyclically Adjusted PB Ratio of 2.38 is 96.7% 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 Fiplasto and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiplasto's current Cyclically Adjusted PB Ratio is 2.38, which is 29% below median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiplasto stock overvalued right now?
Based on GuruFocus' analysis, Fiplasto (BUE:FIPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS204.25, compared to a current price of ARS173.00 — trading 15.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.38, which is 29% below median its 10-year median of 3.34 and 96.7% above the Furnishings, Fixtures & Appliances industry median of 1.21. Fiplasto's overall GF Score™ is 71/100 with 12 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 Fiplasto (BUE:FIPL), the current Cyclically Adjusted PB Ratio is 2.38 as of Jul. 18, 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 Fiplasto (BUE:FIPL) Overvalued in 2026?

Based on GuruFocus' analysis, Fiplasto stock appears to be undervalued. The current stock price of ARS173.00 is trading 15.3% below its estimated GF Value™ of ARS204.25. GuruFocus considers Fiplasto to be Modestly Undervalued.

Key valuation signals for BUE:FIPL:

  • Cyclically Adjusted PB Ratio: 2.38 (29% below median its 10-year median of 3.34)
  • GF Value™: ARS204.25 vs. price of ARS173.00 (15.3% below fair value)
  • GF Score™: 71/100 with 12 warning signs
  • Industry Position: 96.7% above the Furnishings, Fixtures & Appliances median (#236 of 340)

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


Fiplasto Business Description

Address Piso 10, Alsina 756, Buenos Aires, ARG, C1087AAL
Fiplasto SA operates in the furniture industry. The principal business activity of the company is the manufacturing and marketing of wood fiber boards. The company serves a wide variety of industries in Argentina and the world that use its hardboard products for applications as diverse as auto parts, packaging, manufacture of furniture and doors, boards, formworks for construction, exhibitors, and posters. The company has two segments, Hardboard and Furniture, where it generates the majority of its revenue from the Hardboard segment.
71GF Score

Get the complete analysis for BUE:FIPL

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

ARS173.00
Price
ARS204.25
GF Value