JBS (JBS NV) Cyclically Adjusted PB Ratio: 2.89 (As of Jul. 22, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JBS JBS NV JBS
82 GF Score
Price $12.10
GF Value $17.99
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is JBS NV Cyclically Adjusted PB Ratio?

JBS NV JBS +1.21% 82 Cyclically Adjusted PB Ratio is 2.89 as of Jul. 22, 2026, which is 7% above its 10-year median of 2.70. GuruFocus rates JBS with a GF Score™ of 82/100 and a GF Value™ of $17.99 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,441 Consumer Packaged Goods companies, JBS NV ranks worse than 77.65% on this metric.

As of today (2026-07-22), JBS NV's current share price is $12.095. JBS NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.18. JBS NV's Cyclically Adjusted PB Ratio for today is 2.89.

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

JBS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.7   Max: 4.81
Current: 2.86

During the past years, JBS NV's highest Cyclically Adjusted PB Ratio was 4.81. The lowest was 0.91. And the median was 2.70.

JBS's Cyclically Adjusted PB Ratio is ranked worse than
77.65% of 1441 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs JBS: 2.86

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.

JBS NV's adjusted book value per share data for the three months ended in Mar. 2026 was $7.705. 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 $4.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JBS NV  (NYSE:JBS) 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.


JBS NV Cyclically Adjusted PB Ratio Related Terms


JBS NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JBS NV'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.

JBS NV Cyclically Adjusted PB Ratio Chart

JBS NV 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 4.02 2.41 2.87 3.29 3.59

JBS NV 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 3.93 3.89 3.81 3.59 4.30

JBS vs MKC, SJM, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, JBS NV'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.


JBS NV Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, JBS NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


JBS
82GF Score
JBS NV JBS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JBS NV 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.

JBS NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.095/4.18
=2.89

* 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.

JBS NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, JBS NV'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)
=7.705/136.9100*136.9100
=7.705

Current CPI (Mar. 2026) = 136.9100.

JBS NV Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.614 100.260 3.570
201609 2.714 100.570 3.695
201612 2.525 100.710 3.433
201703 2.832 101.440 3.822
201706 2.683 101.370 3.624
201709 2.838 102.030 3.808
201712 2.583 101.970 3.468
201803 2.789 102.470 3.726
201806 2.495 103.100 3.313
201809 2.417 103.950 3.183
201812 2.485 103.970 3.272
201903 2.583 105.370 3.356
201906 2.811 105.840 3.636
201909 2.769 106.700 3.553
201912 2.763 106.800 3.542
202003 2.172 106.850 2.783
202006 2.499 107.510 3.182
202009 2.636 107.880 3.345
202012 2.956 107.850 3.752
202103 2.793 108.870 3.512
202106 3.365 109.670 4.201
202109 3.485 110.790 4.307
202112 3.451 114.010 4.144
202203 4.031 119.460 4.620
202206 3.732 119.050 4.292
202209 3.698 126.890 3.990
202212 4.012 124.940 4.396
202303 3.950 124.720 4.336
202306 3.930 125.830 4.276
202309 3.758 127.160 4.046
202312 4.069 126.450 4.406
202403 3.972 128.580 4.229
202406 3.786 129.910 3.990
202409 3.874 131.610 4.030
202412 3.198 131.630 3.326
202503 3.389 133.330 3.480
202506 7.558 133.960 7.724
202509 7.860 135.920 7.917
202512 8.146 135.270 8.245
202603 7.705 136.910 7.705

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 2.89 mean?
JBS NV (JBS) has a Cyclically Adjusted PB Ratio of 2.89 as of Jul. 22, 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 JBS NV and its competitors. This is near median its historical median of 2.70. Over the past decade, JBS NV's Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.81. According to the industry distribution chart, JBS NV ranks #1119 out of 1441 companies in the Consumer Packaged Goods industry, placing it in the top 77.7%.
Is JBS NV's Cyclically Adjusted PB Ratio too high?
JBS NV's current Cyclically Adjusted PB Ratio of 2.89 is near median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.81. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. JBS NV's value of 2.89 is 127.6% above this industry median. Based on the distribution chart, JBS NV ranks #1119 out of 1441 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, JBS NV has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JBS NV's Cyclically Adjusted PB Ratio compare to MKC and SJM?
According to the Consumer Packaged Goods industry distribution chart, JBS NV ranks #1119 out of 1441 companies for Cyclically Adjusted PB Ratio. This places JBS NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. JBS NV's value of 2.89 is 127.6% above this benchmark. Historically, JBS NV's own Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.81 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 1.27, JBS NV 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,441 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. JBS NV's current Cyclically Adjusted PB Ratio of 2.89 is 127.6% 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 JBS NV and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JBS NV's current Cyclically Adjusted PB Ratio is 2.89, which is near median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBS NV stock overvalued right now?
Based on GuruFocus' analysis, JBS NV (JBS) is currently considered Significantly Undervalued. The stock's GF Value™ is $17.99, compared to a current price of $12.10 — trading 32.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.89, which is near median its 10-year median of 2.70 and 127.6% above the Consumer Packaged Goods industry median of 1.27. JBS NV's overall GF Score™ is 82/100 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 JBS NV (JBS), the current Cyclically Adjusted PB Ratio is 2.89 as of Jul. 22, 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 JBS NV (JBS) Overvalued in 2026?

Based on GuruFocus' analysis, JBS NV stock appears to be undervalued. The current stock price of $12.10 is trading 32.8% below its estimated GF Value™ of $17.99. GuruFocus considers JBS NV to be Significantly Undervalued.

Key valuation signals for JBS:

  • Cyclically Adjusted PB Ratio: 2.89 (near median its 10-year median of 2.70)
  • GF Value™: $17.99 vs. price of $12.10 (32.8% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 127.6% above the Consumer Packaged Goods median (#1119 of 1441)

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


JBS NV Business Description

Address Stroombaan 16, 5th Floor, Amstelveen, NH, NLD, 05118-100
JBS NV is a protein food company, selling protein products, which include fresh and frozen cuts of beef, pork, lamb, fish, whole chickens, and chicken parts, to retailers, and foodservice companies. The food products are marketed under different brands such as Swift, Just Bare, Pilgrim's Pride, Sunnyvalley, Reserva Friboi, Great Southern, etc., globally. The company's reportable segments are Beef North America, which generates maximum revenue, Brazil, Seara, Pork USA, Pilgrim's Pride, Australia, and Others. Geographically, it derives majority of its revenue from United States of America.
82GF Score

Get the complete analysis for JBS

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

$12.10
Price
$17.99
GF Value