IRS (IRSA Inversiones y Representaciones) Cyclically Adjusted PB Ratio: 3.45 (As of Jul. 15, 2026) — Near Median

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IRS IRSA Inversiones y Representaciones SA IRS
68 GF Score
Price $15.40
GF Value $9.57
Valuation Significantly Overvalued
! 10 Warning Signs
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What is IRSA Inversiones y Representaciones Cyclically Adjusted PB Ratio?

IRSA Inversiones y Representaciones IRS +0.26% 68 Cyclically Adjusted PB Ratio is 3.45 as of Jul. 15, 2026, which is 2% below its 10-year median of 3.52. GuruFocus rates IRS with a GF Score™ of 68/100 and a GF Value™ of $9.57 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,438 Real Estate companies, IRSA Inversiones y Representaciones ranks worse than 92.98% on this metric.

As of today (2026-07-15), IRSA Inversiones y Representaciones's current share price is $15.40. IRSA Inversiones y Representaciones's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.47. IRSA Inversiones y Representaciones's Cyclically Adjusted PB Ratio for today is 3.45.

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

IRS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 3.52   Max: 6.7
Current: 3.68

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.

IRS's Cyclically Adjusted PB Ratio is ranked worse than
92.98% of 1438 companies
in the Real Estate industry
Industry Median: 0.71 vs IRS: 3.68

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.

IRSA Inversiones y Representaciones's adjusted book value per share data for the three months ended in Mar. 2026 was $16.959. 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 $4.47 for the trailing ten years ended in Mar. 2026.

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 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

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
68GF Score
IRSA Inversiones y Representaciones SA IRS
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
=15.40/4.47
=3.45

* 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)
=16.959/330.2130*330.2130
=16.959

Current CPI (Mar. 2026) = 330.2130.

IRSA Inversiones y Representaciones Quarterly Data

Book Value per Share CPI Adj_Book
201606 27.828 241.018 38.126
201609 0.561 241.428 0.767
201612 3.407 241.432 4.660
201703 4.226 243.801 5.724
201706 28.211 244.955 38.030
201709 26.793 246.819 35.846
201712 28.805 246.524 38.584
201803 27.358 249.554 36.200
201806 44.227 251.989 57.956
201809 24.785 252.439 32.421
201812 20.187 251.233 26.533
201903 20.842 254.202 27.074
201906 18.453 256.143 23.789
201909 12.115 256.759 15.581
201912 10.374 256.974 13.331
202003 8.352 258.115 10.685
202006 22.632 257.797 28.989
202009 17.194 260.280 21.814
202012 15.555 260.474 19.720
202103 0.000 264.877 0.000
202106 16.981 271.696 20.638
202109 10.838 274.310 13.047
202112 18.342 278.802 21.724
202203 17.418 287.504 20.005
202206 36.677 296.311 40.873
202209 17.996 296.808 20.021
202212 18.012 296.797 20.040
202303 19.418 301.836 21.244
202306 73.926 305.109 80.009
202309 19.194 307.789 20.592
202312 29.183 306.746 31.416
202403 13.864 312.332 14.658
202406 22.574 314.175 23.726
202409 15.542 315.301 16.277
202412 15.981 315.605 16.721
202503 16.741 319.799 17.286
202506 17.432 322.561 17.846
202509 17.419 324.800 17.709
202512 16.508 324.054 16.822
202603 16.959 330.213 16.959

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 3.45 mean?
IRSA Inversiones y Representaciones (IRS) has a Cyclically Adjusted PB Ratio of 3.45 as of Jul. 15, 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 #1337 out of 1438 companies in the Real Estate industry, placing it in the top 93%.
Is IRSA Inversiones y Representaciones' Cyclically Adjusted PB Ratio too high?
IRSA Inversiones y Representaciones' current Cyclically Adjusted PB Ratio of 3.45 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 0.71. IRSA Inversiones y Representaciones' value of 3.45 is 385.9% above this industry median. Based on the distribution chart, IRSA Inversiones y Representaciones ranks #1337 out of 1438 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 68/100 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 #1337 out of 1438 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 0.71. IRSA Inversiones y Representaciones' value of 3.45 is 385.9% 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 0.71, 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 0.71, based on 1,438 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 3.45 is 385.9% 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 IRSA Inversiones y Representaciones and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — 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 3.45, 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 (IRS) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.57, compared to a current price of $15.40 — trading 60.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.45, which is near median its 10-year median of 3.52 and 385.9% above the Real Estate industry median of 0.71. IRSA Inversiones y Representaciones' overall GF Score™ is 68/100 with 10 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 (IRS), the current Cyclically Adjusted PB Ratio is 3.45 as of Jul. 15, 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 (IRS) Overvalued in 2026?

Based on GuruFocus' analysis, IRSA Inversiones y Representaciones stock appears to be overvalued. The current stock price of $15.40 is trading 60.9% above its estimated GF Value™ of $9.57. GuruFocus considers IRSA Inversiones y Representaciones to be Significantly Overvalued.

Key valuation signals for IRS:

  • Cyclically Adjusted PB Ratio: 3.45 (near median its 10-year median of 3.52)
  • GF Value™: $9.57 vs. price of $15.40 (60.9% above fair value)
  • GF Score™: 68/100 with 10 warning signs
  • Industry Position: 385.9% above the Real Estate median (#1337 of 1438)

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.
68GF 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.

$15.40
Price
$9.57
GF Value