Banco do Brasil BB Brasil (FRA:BZLA) Cyclically Adjusted PB Ratio: 0.71 (As of Aug. 11, 2026) — 26% Below Median

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FRA:BZLA Banco do Brasil SA BB Brasil FRA:BZLA
65 GF Score
Price €3.30
GF Value €4.35
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Banco do Brasil BB Brasil Cyclically Adjusted PB Ratio?

Banco do Brasil BB Brasil FRA:BZLA 65 Cyclically Adjusted PB Ratio is 0.71 as of Aug. 11, 2026, which is 26% below its 10-year median of 0.96. GuruFocus rates FRA:BZLA with a GF Score™ of 65/100 and a GF Value™ of €4.35 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,287 Banks companies, Banco do Brasil BB Brasil ranks better than 80.19% on this metric.

As of today (2026-08-11), Banco do Brasil BB Brasil's current share price is €3.30. Banco do Brasil BB Brasil's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4.63. Banco do Brasil BB Brasil's Cyclically Adjusted PB Ratio for today is 0.71.

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

FRA:BZLA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.96   Max: 1.72
Current: 0.68

During the past years, Banco do Brasil BB Brasil's highest Cyclically Adjusted PB Ratio was 1.72. The lowest was 0.65. And the median was 0.96.

FRA:BZLA's Cyclically Adjusted PB Ratio is ranked better than
80.19% of 1287 companies
in the Banks industry
Industry Median: 1.28 vs FRA:BZLA: 0.68

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.

Banco do Brasil BB Brasil's adjusted book value per share data for the three months ended in Mar. 2026 was €5.554. 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 €4.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco do Brasil BB Brasil  (FRA:BZLA) 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.


Banco do Brasil BB Brasil Cyclically Adjusted PB Ratio Related Terms


Banco do Brasil BB Brasil Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banco do Brasil BB Brasil'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.

Banco do Brasil BB Brasil Cyclically Adjusted PB Ratio Chart

Banco do Brasil BB Brasil 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 0.69 0.76 1.12 0.90 0.76

Banco do Brasil BB Brasil 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 1.02 0.79 0.78 0.76 0.78

Banco do Brasil BB Brasil Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Banco do Brasil BB Brasil'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.


Banco do Brasil BB Brasil Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banco do Brasil BB Brasil's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Banco do Brasil BB Brasil's Cyclically Adjusted PB Ratio falls into.


FRA:BZLA
65GF Score
Banco do Brasil SA BB Brasil FRA:BZLA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banco do Brasil BB Brasil 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.

Banco do Brasil BB Brasil's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.30/4.63
=0.71

* 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.

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

For example, Banco do Brasil BB Brasil'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)
=5.554/175.0655*175.0655
=5.554

Current CPI (Mar. 2026) = 175.0655.

Banco do Brasil BB Brasil Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.750 108.851 6.031
201609 4.050 109.986 6.446
201612 4.262 110.802 6.734
201703 4.629 111.869 7.244
201706 4.243 112.115 6.625
201709 4.322 112.777 6.709
201712 4.389 114.068 6.736
201803 4.330 114.868 6.599
201806 4.047 117.038 6.054
201809 3.764 117.881 5.590
201812 4.052 118.340 5.994
201903 4.230 120.124 6.165
201906 4.094 120.977 5.924
201909 4.043 121.292 5.835
201912 4.102 123.436 5.818
202003 3.571 124.092 5.038
202006 3.385 123.557 4.796
202009 3.304 125.095 4.624
202012 3.488 129.012 4.733
202103 3.525 131.660 4.687
202106 4.143 133.871 5.418
202109 4.079 137.913 5.178
202112 3.894 141.992 4.801
202203 4.788 146.537 5.720
202206 4.987 149.784 5.829
202209 5.194 147.800 6.152
202212 5.063 150.207 5.901
202303 5.194 153.352 5.929
202306 5.462 154.519 6.188
202309 5.508 155.464 6.202
202312 5.549 157.148 6.182
202403 5.639 159.372 6.194
202406 5.406 161.052 5.876
202409 5.150 162.342 5.554
202412 4.926 164.740 5.235
202503 5.116 168.102 5.328
202506 4.984 169.670 5.142
202509 5.068 170.739 5.196
202512 5.188 171.765 5.288
202603 5.554 175.066 5.554

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 0.71 mean?
Banco do Brasil BB Brasil (FRA:BZLA) has a Cyclically Adjusted PB Ratio of 0.71 as of Aug. 11, 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 Banco do Brasil BB Brasil and its competitors. This is 26% below median its historical median of 0.96. Over the past decade, Banco do Brasil BB Brasil's Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.72. According to the industry distribution chart, Banco do Brasil BB Brasil ranks #255 out of 1287 companies in the Banks industry, placing it in the top 19.8%.
Is Banco do Brasil BB Brasil's Cyclically Adjusted PB Ratio too high?
Banco do Brasil BB Brasil's current Cyclically Adjusted PB Ratio of 0.71 is 26% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.72. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Banco do Brasil BB Brasil's value of 0.71 is 44.5% below this industry median. Based on the distribution chart, Banco do Brasil BB Brasil ranks #255 out of 1287 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Banco do Brasil BB Brasil has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Banco do Brasil BB Brasil's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Banco do Brasil BB Brasil ranks #255 out of 1287 companies for Cyclically Adjusted PB Ratio. This places Banco do Brasil BB Brasil in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. Banco do Brasil BB Brasil's value of 0.71 is 44.5% below this benchmark. Historically, Banco do Brasil BB Brasil's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.72 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 1.28, Banco do Brasil BB Brasil 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,287 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. Banco do Brasil BB Brasil's current Cyclically Adjusted PB Ratio of 0.71 is 44.5% 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 Banco do Brasil BB Brasil and its competitors. For the Banks 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. Banco do Brasil BB Brasil's current Cyclically Adjusted PB Ratio is 0.71, which is 26% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco do Brasil BB Brasil stock overvalued right now?
Based on GuruFocus' analysis, Banco do Brasil BB Brasil (FRA:BZLA) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.35, compared to a current price of €3.30 — trading 24.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.71, which is 26% below median its 10-year median of 0.96 and 44.5% below the Banks industry median of 1.28. Banco do Brasil BB Brasil's overall GF Score™ is 65/100 with 4 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 Banco do Brasil BB Brasil (FRA:BZLA), the current Cyclically Adjusted PB Ratio is 0.71 as of Aug. 11, 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 Banco do Brasil BB Brasil (FRA:BZLA) Overvalued in 2026?

Based on GuruFocus' analysis, Banco do Brasil BB Brasil stock appears to be undervalued. The current stock price of €3.30 is trading 24.1% below its estimated GF Value™ of €4.35. GuruFocus considers Banco do Brasil BB Brasil to be Modestly Undervalued.

Key valuation signals for FRA:BZLA:

  • Cyclically Adjusted PB Ratio: 0.71 (26% below median its 10-year median of 0.96)
  • GF Value™: €4.35 vs. price of €3.30 (24.1% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 44.5% below the Banks median (#255 of 1287)

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


Banco do Brasil BB Brasil Business Description

Other Exchanges BDORY:USABBAS3:Brazil
Address Setor de Autarquias Norte, Quadra 5, Lote B, Edificio Banco do Brasil, Brasilia, DF, BRA, 70040-911
Banco do Brasil SA BB Brasil is a Brazilian financial services company present in several countries. The business segments are Banking, Investments, Fund Management, Insurance, Electronic payments, and others. Majority of the revenue is generated from its Banking segment. Banco do Brasil serves retail clients (small and midsize enterprises and individuals), wholesale clients (corporations), and public institutions. The products and services portfolio includes accounts, Loans, cards, financing, and others.
65GF Score

Get the complete analysis for FRA:BZLA

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

€3.30
Price
€4.35
GF Value