IRSA Propiedades Comerciales (BUE:IRCP) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

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BUE:IRCP IRSA Propiedades Comerciales SA BUE:IRCP
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What is IRSA Propiedades Comerciales Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IRSA Propiedades Comerciales  (BUE:IRCP) 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.


IRSA Propiedades Comerciales Cyclically Adjusted PB Ratio Related Terms


IRSA Propiedades Comerciales Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IRSA Propiedades Comerciales'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.

IRSA Propiedades Comerciales Cyclically Adjusted PB Ratio Chart

IRSA Propiedades Comerciales Annual Data
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Cyclically Adjusted PB Ratio
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IRSA Propiedades Comerciales Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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BUE:IRCP vs TCI, QK, NEN: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, IRSA Propiedades Comerciales'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.


IRSA Propiedades Comerciales Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


BUE:IRCP
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IRSA Propiedades Comerciales SA BUE:IRCP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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IRSA Propiedades Comerciales 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.

IRSA Propiedades Comerciales's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2021 is calculated as:

For example, IRSA Propiedades Comerciales's adjusted Book Value per Share data for the three months ended in Sep. 2021 was:

Adj_Book=Book Value per Share/CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=143.159/274.3100*274.3100
=143.159

Current CPI (Sep. 2021) = 274.3100.

IRSA Propiedades Comerciales Quarterly Data

Book Value per Share CPI Adj_Book
201112 7.714 225.672 9.377
201203 8.239 229.392 9.852
201206 6.539 229.478 7.816
201209 7.049 231.407 8.356
201212 6.778 229.601 8.098
201303 7.412 232.773 8.735
201306 6.737 233.504 7.914
201309 7.644 234.149 8.955
201312 7.396 233.049 8.705
201403 7.789 236.293 9.042
201406 6.456 238.343 7.430
201409 7.627 238.031 8.789
201412 8.070 234.812 9.427
201503 6.495 236.119 7.546
201506 7.605 238.638 8.742
201509 8.422 237.945 9.709
201512 8.364 236.525 9.700
201603 9.788 238.132 11.275
201606 155.972 241.018 177.517
201609 12.461 241.428 14.158
201612 11.987 241.432 13.619
201703 0.000 243.801 0.000
201706 175.735 244.955 196.795
201709 190.663 246.819 211.899
201712 259.552 246.524 288.806
201803 264.304 249.554 290.523
201806 453.974 251.989 494.187
201809 346.259 252.439 376.258
201812 332.348 251.233 362.876
201903 373.049 254.202 402.558
201906 435.925 256.143 466.843
201909 359.115 256.759 383.663
201912 375.210 256.974 400.522
202003 393.686 258.115 418.387
202006 852.048 257.797 906.625
202009 708.271 260.280 746.449
202012 635.786 260.474 669.558
202103 637.564 264.877 660.269
202106 133.888 271.696 135.176
202109 143.159 274.310 143.159

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.


IRSA Propiedades Comerciales Business Description

Address Moreno 877, 22nd Floor, Ciudad Autonoma de Buenos Aires, Buenos Aires, ARG, C1091AAQ
IRSA Propiedades Comerciales SA is engaged in the ownership, lease, management, development, operation, and purchase of shopping centers. Its primarily owns, purchases, develops, leases, manages and operates shopping centers. Its business segments include Shopping Malls, Offices, Sales and Developments, and Others. The Shopping Malls segment is a key revenue driver, is engaged in the operation and development of shopping malls. Offices and Others segment consists of leasing of properties and other rental properties and services related to them. Its Sales and Development segment covers sales of undeveloped parcels of land and properties and activities relating to property maintenance.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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