IRSA Inversiones y Representaciones (BUE:IRSA) Cyclically Adjusted PB Ratio: 3.79 (As of Jul. 29, 2026) — Near Median

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BUE:IRSA IRSA Inversiones y Representaciones SA BUE:IRSA
52 GF Score
Price ARS2,480.00
GF Value ARS1,509.56
Valuation Significantly Overvalued
! 11 Warning Signs
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What is IRSA Inversiones y Representaciones Cyclically Adjusted PB Ratio?

IRSA Inversiones y Representaciones BUE:IRSA +0.20% 52 Cyclically Adjusted PB Ratio is 3.79 as of Jul. 29, 2026, which is 8% above its 10-year median of 3.52. GuruFocus rates BUE:IRSA with a GF Score™ of 52/100 and a GF Value™ of ARS1,509.56 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,422 Real Estate companies, IRSA Inversiones y Representaciones ranks worse than 93.46% on this metric.

As of today (2026-07-29), IRSA Inversiones y Representaciones's current share price is ARS2480.00. IRSA Inversiones y Representaciones's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ARS653.99. IRSA Inversiones y Representaciones's Cyclically Adjusted PB Ratio for today is 3.79.

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

BUE:IRSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 3.52   Max: 6.7
Current: 3.79

During the past years, IRSA Inversiones y Representaciones's highest Cyclically Adjusted PB Ratio was 6.70. The lowest was 1.15. And the median was 3.52.

BUE:IRSA's Cyclically Adjusted PB Ratio is ranked worse than
93.46% of 1422 companies
in the Real Estate industry
Industry Median: 0.69 vs BUE:IRSA: 3.79

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.

IRSA Inversiones y Representaciones's adjusted book value per share data for the three months ended in Mar. 2026 was ARS2,371.311. 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 ARS653.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IRSA Inversiones y Representaciones  (BUE:IRSA) 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 Inversiones y Representaciones Cyclically Adjusted PB Ratio Related Terms


IRSA Inversiones y Representaciones Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IRSA Inversiones y Representaciones'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 Inversiones y Representaciones Cyclically Adjusted PB Ratio Chart

IRSA Inversiones y Representaciones 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 1.56 1.35 3.06 4.33 3.68

IRSA Inversiones y Representaciones 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 4.22 3.68 3.46 4.38 3.62

BUE:IRSA vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, IRSA Inversiones y Representaciones'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 Inversiones y Representaciones Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where IRSA Inversiones y Representaciones's Cyclically Adjusted PB Ratio falls into.


BUE:IRSA
52GF Score
IRSA Inversiones y Representaciones SA BUE:IRSA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IRSA Inversiones y Representaciones 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 Inversiones y Representaciones's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2480.00/653.99
=3.79

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

For example, IRSA Inversiones y Representaciones'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)
=2371.311/330.2130*330.2130
=2,371.311

Current CPI (Mar. 2026) = 330.2130.

IRSA Inversiones y Representaciones Quarterly Data

Book Value per Share CPI Adj_Book
201606 38.903 241.018 53.300
201609 0.836 241.428 1.143
201612 5.401 241.432 7.387
201703 6.516 243.801 8.826
201706 46.513 244.955 62.702
201709 46.950 246.819 62.813
201712 55.004 246.524 73.677
201803 55.122 249.554 72.938
201806 110.302 251.989 144.543
201809 91.207 252.439 119.307
201812 76.115 251.233 100.043
201903 81.472 254.202 105.834
201906 82.443 256.143 106.283
201909 67.752 256.759 87.135
201912 62.006 256.974 79.678
202003 51.841 258.115 66.321
202006 154.935 257.797 198.457
202009 127.651 260.280 161.949
202012 126.589 260.474 160.482
202103 0.000 264.877 0.000
202106 160.863 271.696 195.509
202109 105.976 274.310 127.573
202112 185.235 278.802 219.392
202203 187.021 287.504 214.803
202206 441.333 296.311 491.827
202209 250.053 296.808 278.196
202212 301.976 296.797 335.975
202303 383.609 301.836 419.674
202306 1,774.225 305.109 1,920.206
202309 671.680 307.789 720.615
202312 1,053.507 306.746 1,134.103
202403 1,168.045 312.332 1,234.916
202406 2,021.524 314.175 2,124.719
202409 1,477.266 315.301 1,547.133
202412 1,614.024 315.605 1,688.730
202503 1,784.680 319.799 1,842.797
202506 2,069.637 322.561 2,118.734
202509 2,365.486 324.800 2,404.908
202512 2,396.055 324.054 2,441.595
202603 2,371.311 330.213 2,371.311

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 3.79 mean?
IRSA Inversiones y Representaciones (BUE:IRSA) has a Cyclically Adjusted PB Ratio of 3.79 as of Jul. 29, 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 IRSA Inversiones y Representaciones and its competitors. This is near median its historical median of 3.52. Over the past decade, IRSA Inversiones y Representaciones' Cyclically Adjusted PB Ratio has ranged from 1.15 to 6.70. According to the industry distribution chart, IRSA Inversiones y Representaciones ranks #1329 out of 1422 companies in the Real Estate industry, placing it in the top 93.5%.
Is IRSA Inversiones y Representaciones' Cyclically Adjusted PB Ratio too high?
IRSA Inversiones y Representaciones' current Cyclically Adjusted PB Ratio of 3.79 is near median its 10-year median of 3.52. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 6.70. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. IRSA Inversiones y Representaciones' value of 3.79 is 449.3% above this industry median. Based on the distribution chart, IRSA Inversiones y Representaciones ranks #1329 out of 1422 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, IRSA Inversiones y Representaciones has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IRSA Inversiones y Representaciones' Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, IRSA Inversiones y Representaciones ranks #1329 out of 1422 companies for Cyclically Adjusted PB Ratio. This places IRSA Inversiones y Representaciones in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. IRSA Inversiones y Representaciones' value of 3.79 is 449.3% above this benchmark. Historically, IRSA Inversiones y Representaciones' own Cyclically Adjusted PB Ratio has ranged from 1.15 to 6.70 over the past decade. While the company's 10-year median is 3.52 vs. the industry median of 0.69, IRSA Inversiones y Representaciones 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 0.69, based on 1,422 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. IRSA Inversiones y Representaciones's current Cyclically Adjusted PB Ratio of 3.79 is 449.3% 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 IRSA Inversiones y Representaciones and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRSA Inversiones y Representaciones's current Cyclically Adjusted PB Ratio is 3.79, which is near median its own 10-year median of 3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRSA Inversiones y Representaciones stock overvalued right now?
Based on GuruFocus' analysis, IRSA Inversiones y Representaciones (BUE:IRSA) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS1,509.56, compared to a current price of ARS2,480.00 — trading 64.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.79, which is near median its 10-year median of 3.52 and 449.3% above the Real Estate industry median of 0.69. IRSA Inversiones y Representaciones' overall GF Score™ is 52/100 with 11 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 IRSA Inversiones y Representaciones (BUE:IRSA), the current Cyclically Adjusted PB Ratio is 3.79 as of Jul. 29, 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 IRSA Inversiones y Representaciones (BUE:IRSA) Overvalued in 2026?

Based on GuruFocus' analysis, IRSA Inversiones y Representaciones stock appears to be overvalued. The current stock price of ARS2,480.00 is trading 64.3% above its estimated GF Value™ of ARS1,509.56. GuruFocus considers IRSA Inversiones y Representaciones to be Significantly Overvalued.

Key valuation signals for BUE:IRSA:

  • Cyclically Adjusted PB Ratio: 3.79 (near median its 10-year median of 3.52)
  • GF Value™: ARS1,509.56 vs. price of ARS2,480.00 (64.3% above fair value)
  • GF Score™: 52/100 with 11 warning signs
  • Industry Position: 449.3% above the Real Estate median (#1329 of 1422)

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


IRSA Inversiones y Representaciones Business Description

Other Exchanges IRS:USAIRY:Germany
Address Carlos M. Della Paolera 261, 9th Floor, Buenos Aires, ARG, C1001ADA
IRSA Inversiones y Representaciones SA is engaged in a diversified business. The company's operating segments include Shopping Malls, which comprise lease and service revenues principally related to the rental of commercial and other spaces in the company's shopping malls; Offices, which include lease revenues and other service revenues related to office activities; Sales and Developments, which include the development, maintenance, and sales of undeveloped parcels of land and/or trading properties; Hotels, which mainly include revenues from rooms, catering, and restaurants; and others. The company generates the majority of its revenue from the Shopping Malls segment.
52GF Score

Get the complete analysis for BUE:IRSA

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

ARS2,480.00
Price
ARS1,509.56
GF Value