IRS (IRSA Inversiones y Representaciones) Cyclically Adjusted PB Ratio: (As of Sep. 04, 2026)

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Director of Data and Quant Analytics at GuruFocus
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IRS IRSA Inversiones y Representaciones SA IRS
67 GF Score
Price $15.29
GF Value $9.69
Valuation Significantly Overvalued
! 10 Warning Signs
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What is IRSA Inversiones y Representaciones Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IRSA Inversiones y Representaciones  (NYSE:IRS) 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 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 3.06 4.33 3.68 0.00

IRSA Inversiones y Representaciones Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.68 3.46 4.38 3.62 0.00

IRS 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.


IRS
67GF Score
IRSA Inversiones y Representaciones SA IRS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, IRSA Inversiones y Representaciones's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=18.815/333.9520*333.9520
=18.815

Current CPI (Jun. 2026) = 333.9520.

IRSA Inversiones y Representaciones Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.561 241.428 0.776
201612 3.407 241.432 4.713
201703 4.226 243.801 5.789
201706 28.211 244.955 38.461
201709 26.793 246.819 36.252
201712 28.805 246.524 39.020
201803 27.358 249.554 36.610
201806 44.227 251.989 58.612
201809 24.785 252.439 32.788
201812 20.187 251.233 26.834
201903 20.842 254.202 27.381
201906 18.453 256.143 24.058
201909 12.115 256.759 15.757
201912 10.374 256.974 13.482
202003 8.352 258.115 10.806
202006 22.632 257.797 29.318
202009 17.194 260.280 22.061
202012 15.555 260.474 19.943
202103 0.000 264.877 0.000
202106 16.981 271.696 20.872
202109 10.838 274.310 13.194
202112 18.342 278.802 21.970
202203 17.418 287.504 20.232
202206 36.677 296.311 41.336
202209 17.996 296.808 20.248
202212 18.012 296.797 20.267
202303 19.418 301.836 21.484
202306 73.926 305.109 80.914
202309 19.194 307.789 20.826
202312 29.183 306.746 31.771
202403 13.864 312.332 14.824
202406 22.574 314.175 23.995
202409 15.542 315.301 16.461
202412 15.981 315.605 16.910
202503 16.741 319.799 17.482
202506 17.432 322.561 18.048
202509 17.419 324.800 17.910
202512 16.508 324.054 17.012
202603 16.959 330.213 17.151
202606 18.815 333.952 18.815

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.

Is IRSA Inversiones y Representaciones (IRS) Overvalued in 2026?

Based on GuruFocus' analysis, IRSA Inversiones y Representaciones stock appears to be overvalued. The current stock price of $15.29 is trading 57.8% above its estimated GF Value™ of $9.69. GuruFocus considers IRSA Inversiones y Representaciones to be Significantly Overvalued.

Key valuation signals for IRS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $9.69 vs. price of $15.29 (57.8% above fair value)
  • GF Score™: 67/100 with 10 warning signs

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


IRSA Inversiones y Representaciones Business Description

Other Exchanges IRY:GermanyIRSA:Argentina
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.
67GF Score

Get the complete analysis for IRS

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

$15.29
Price
$9.69
GF Value