Ledesma (BUE:LEDE) Cyclically Adjusted PB Ratio: 2.58 (As of Jul. 05, 2026) — 51% Below Median


BUE:LEDE Ledesma SA BUE:LEDE
70 GF Score
Price ARS735.00
GF Value ARS860.07
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Ledesma Cyclically Adjusted PB Ratio?

Ledesma BUE:LEDE +1.38% 70 Cyclically Adjusted PB Ratio is 2.58 as of Jul. 05, 2026, which is 51% below its 10-year median of 5.22. GuruFocus rates BUE:LEDE with a GF Score™ of 70/100 and a GF Value™ of ARS860.07 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 476 Conglomerates companies, Ledesma ranks worse than 77.73% on this metric.

As of today (2026-07-05), Ledesma's current share price is ARS735.00. Ledesma's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was ARS284.77. Ledesma's Cyclically Adjusted PB Ratio for today is 2.58.

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

BUE:LEDE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 5.22   Max: 18.04
Current: 2.58

During the past years, Ledesma's highest Cyclically Adjusted PB Ratio was 18.04. The lowest was 0.07. And the median was 5.22.

BUE:LEDE's Cyclically Adjusted PB Ratio is ranked worse than
77.73% of 476 companies
in the Conglomerates industry
Industry Median: 1.08 vs BUE:LEDE: 2.58

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.

Ledesma's adjusted book value per share data for the three months ended in Feb. 2026 was ARS1,194.499. 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 ARS284.77 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ledesma  (BUE:LEDE) 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.


Ledesma Cyclically Adjusted PB Ratio Related Terms


Ledesma Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ledesma'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.

Ledesma Cyclically Adjusted PB Ratio Chart

Ledesma Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.50 4.00 6.73 11.35 5.46

Ledesma Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 8.57 5.46 3.71 4.21 2.47

BUE:LEDE vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Ledesma'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.


Ledesma Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ledesma's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BUE:LEDE
70GF Score
Ledesma SA BUE:LEDE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ledesma 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=735.00/284.77
=2.58

* 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.

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

For example, Ledesma's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=1194.499/326.7850*326.7850
=1,194.499

Current CPI (Feb. 2026) = 326.7850.

Ledesma Quarterly Data

Book Value per Share CPI Adj_Book
201605 3.065 240.229 4.169
201608 2.959 240.849 4.015
201611 2.882 241.353 3.902
201702 2.824 243.603 3.788
201705 2.726 244.733 3.640
201708 2.277 245.519 3.031
201711 2.652 246.669 3.513
201802 1.873 248.991 2.458
201805 15.923 251.588 20.682
201808 0.510 252.146 0.661
201811 1.758 252.038 2.279
201902 11.529 252.776 14.905
201905 17.912 256.092 22.857
201908 11.166 256.558 14.222
201911 15.082 257.208 19.162
202002 17.054 258.678 21.544
202005 29.152 256.394 37.155
202008 21.251 259.918 26.718
202011 30.201 260.229 37.925
202102 36.532 263.014 45.390
202105 65.851 269.195 79.939
202108 46.451 273.567 55.487
202111 49.534 277.948 58.237
202202 58.949 283.716 67.898
202205 167.099 292.296 186.816
202208 95.129 296.171 104.962
202211 116.824 297.711 128.233
202302 145.411 300.840 157.952
202305 704.865 304.127 757.379
202308 241.867 307.026 257.433
202311 369.524 307.051 393.273
202402 696.665 310.326 733.615
202405 1,083.253 314.069 1,127.112
202408 805.089 314.796 835.751
202411 898.802 315.493 930.972
202502 957.567 319.082 980.684
202505 976.931 321.465 993.098
202508 991.780 323.976 1,000.379
202511 1,046.637 324.122 1,055.236
202602 1,194.499 326.785 1,194.499

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 2.58 mean?
Ledesma (BUE:LEDE) has a Cyclically Adjusted PB Ratio of 2.58 as of Jul. 05, 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 Ledesma and its competitors. This is 51% below median its historical median of 5.22. Over the past decade, Ledesma's Cyclically Adjusted PB Ratio has ranged from 0.07 to 18.04. According to the industry distribution chart, Ledesma ranks #370 out of 476 companies in the Conglomerates industry, placing it in the top 77.7%.
Is Ledesma's Cyclically Adjusted PB Ratio too high?
Ledesma's current Cyclically Adjusted PB Ratio of 2.58 is 51% below median its 10-year median of 5.22. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 18.04. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.08. Ledesma's value of 2.58 is 138.9% above this industry median. Based on the distribution chart, Ledesma ranks #370 out of 476 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Ledesma has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ledesma's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Ledesma ranks #370 out of 476 companies for Cyclically Adjusted PB Ratio. This places Ledesma in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. Ledesma's value of 2.58 is 138.9% above this benchmark. Historically, Ledesma's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 18.04 over the past decade. While the company's 10-year median is 5.22 vs. the industry median of 1.08, Ledesma 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.08, based on 476 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. Ledesma's current Cyclically Adjusted PB Ratio of 2.58 is 138.9% 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 Ledesma and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ledesma's current Cyclically Adjusted PB Ratio is 2.58, which is 51% below median its own 10-year median of 5.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ledesma stock overvalued right now?
Based on GuruFocus' analysis, Ledesma (BUE:LEDE) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS860.07, compared to a current price of ARS735.00 — trading 14.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.58, which is 51% below median its 10-year median of 5.22 and 138.9% above the Conglomerates industry median of 1.08. Ledesma's overall GF Score™ is 70/100 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 Ledesma (BUE:LEDE), the current Cyclically Adjusted PB Ratio is 2.58 as of Jul. 05, 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 Ledesma (BUE:LEDE) Overvalued in 2026?

Based on GuruFocus' analysis, Ledesma stock appears to be undervalued. The current stock price of ARS735.00 is trading 14.5% below its estimated GF Value™ of ARS860.07. GuruFocus considers Ledesma to be Modestly Undervalued.

Key valuation signals for BUE:LEDE:

  • Cyclically Adjusted PB Ratio: 2.58 (51% below median its 10-year median of 5.22)
  • GF Value™: ARS860.07 vs. price of ARS735.00 (14.5% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 138.9% above the Conglomerates median (#370 of 476)

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


Ledesma Business Description

Address Avenida Corrientes 415, 8th Floor, Capital Federal, Buenos Aires, ARG
Ledesma SA is engaged in the production of sugar, paper, alcohol, bioethanol, energy, natural juices, meat, syrups, corn starches and cereals. The company also produces notebooks and other school supplies. The geographical scope of the Ledesma Group's operations is mainly in the Argentine Republic. It mainly carry out activities mainly of sugar sugar mill, alcohol distillery both hydrated intended for traditional uses and anhydrous, for bio-fuels, manufacturing of paper and stationery, production of fruits and juices and Agriculture and Livestock. It is one of the main players in the local markets for the production and marketing of sugar, alcohol, reams of paper, notebooks, coated papers and school supplies, and is the main exporter of oranges and grapefruits in the country.
70GF Score

Get the complete analysis for BUE:LEDE

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

ARS735.00
Price
ARS860.07
GF Value