Adecoagro (LTS:0DWL) Cyclically Adjusted PB Ratio: 1.02 (As of Aug. 21, 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.

LTS:0DWL Adecoagro SA LTS:0DWL
89 GF Score
Price $10.99
GF Value $10.86
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Adecoagro Cyclically Adjusted PB Ratio?

Adecoagro LTS:0DWL +3.39% 89 Cyclically Adjusted PB Ratio is 1.02 as of Aug. 21, 2026, which is 3% below its 10-year median of 1.05. GuruFocus rates LTS:0DWL with a GF Score™ of 89/100 and a GF Value™ of $10.86 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,352 Consumer Packaged Goods companies, Adecoagro ranks better than 59.02% on this metric.

As of today (2026-08-21), Adecoagro's current share price is $10.99. Adecoagro's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $10.75. Adecoagro's Cyclically Adjusted PB Ratio for today is 1.02.

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

LTS:0DWL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.05   Max: 1.66
Current: 1

During the past years, Adecoagro's highest Cyclically Adjusted PB Ratio was 1.66. The lowest was 0.48. And the median was 1.05.

LTS:0DWL's Cyclically Adjusted PB Ratio is ranked better than
59.02% of 1352 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs LTS:0DWL: 1.00

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.

Adecoagro's adjusted book value per share data for the three months ended in Jun. 2026 was $12.060. 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 $10.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adecoagro  (LTS:0DWL) 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.


Adecoagro Cyclically Adjusted PB Ratio Related Terms


Adecoagro Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Adecoagro'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.

Adecoagro Cyclically Adjusted PB Ratio Chart

Adecoagro 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 1.01 1.03 1.30 1.04 0.79

Adecoagro 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 0.94 0.79 0.79 1.45 0.90

LTS:0DWL vs DMC, DOLE, VITL: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Adecoagro'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.


Adecoagro Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


LTS:0DWL
89GF Score
Adecoagro SA LTS:0DWL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adecoagro 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.99/10.75
=1.02

* 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.

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

For example, Adecoagro'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)
=12.06/128.6000*128.6000
=12.060

Current CPI (Jun. 2026) = 128.6000.

Adecoagro Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.267 100.750 6.723
201612 5.781 101.040 7.358
201703 5.744 101.780 7.258
201706 5.528 102.170 6.958
201709 5.757 102.520 7.222
201712 5.724 102.410 7.188
201803 5.322 102.900 6.651
201806 4.367 103.650 5.418
201809 8.739 104.580 10.746
201812 9.126 104.320 11.250
201903 9.014 105.140 11.025
201906 9.446 105.550 11.509
201909 8.128 105.900 9.870
201912 8.441 106.080 10.233
202003 7.280 106.040 8.829
202006 6.987 106.340 8.450
202009 7.168 106.620 8.646
202012 7.886 106.670 9.507
202103 7.915 108.140 9.413
202106 8.177 108.680 9.676
202109 8.523 109.470 10.012
202112 9.107 111.090 10.542
202203 10.215 114.780 11.445
202206 9.937 116.750 10.946
202209 10.292 117.000 11.312
202212 10.408 117.060 11.434
202303 10.836 118.910 11.719
202306 11.273 120.460 12.035
202309 11.828 121.740 12.495
202312 11.595 121.170 12.306
202403 13.241 122.590 13.890
202406 13.298 123.120 13.890
202409 13.850 123.300 14.445
202412 13.684 122.430 14.374
202503 14.201 124.210 14.703
202506 13.707 125.820 14.010
202509 13.708 126.570 13.928
202512 11.610 126.180 11.833
202603 12.171 127.160 12.309
202606 12.060 128.600 12.060

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 1.02 mean?
Adecoagro (LTS:0DWL) has a Cyclically Adjusted PB Ratio of 1.02 as of Aug. 21, 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 Adecoagro and its competitors. This is near median its historical median of 1.05. Over the past decade, Adecoagro's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.66. According to the industry distribution chart, Adecoagro ranks #554 out of 1352 companies in the Consumer Packaged Goods industry, placing it in the top 41%.
Is Adecoagro's Cyclically Adjusted PB Ratio too high?
Adecoagro's current Cyclically Adjusted PB Ratio of 1.02 is near median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.66. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Adecoagro's value of 1.02 is 19% below this industry median. Based on the distribution chart, Adecoagro ranks #554 out of 1352 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Adecoagro has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adecoagro's Cyclically Adjusted PB Ratio compare to DMC and DOLE?
According to the Consumer Packaged Goods industry distribution chart, Adecoagro ranks #554 out of 1352 companies for Cyclically Adjusted PB Ratio. This puts Adecoagro in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Adecoagro's value of 1.02 is 19% below this benchmark. Historically, Adecoagro's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.66 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.26, Adecoagro 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,352 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. Adecoagro's current Cyclically Adjusted PB Ratio of 1.02 is 19% 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 Adecoagro and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adecoagro's current Cyclically Adjusted PB Ratio is 1.02, which is near median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adecoagro stock overvalued right now?
Based on GuruFocus' analysis, Adecoagro (LTS:0DWL) is currently considered Fairly Valued. The stock's GF Value™ is $10.86, compared to a current price of $10.99 — trading 1.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.02, which is near median its 10-year median of 1.05 and 19% below the Consumer Packaged Goods industry median of 1.26. Adecoagro's overall GF Score™ is 89/100 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 Adecoagro (LTS:0DWL), the current Cyclically Adjusted PB Ratio is 1.02 as of Aug. 21, 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 Adecoagro (LTS:0DWL) Overvalued in 2026?

Based on GuruFocus' analysis, Adecoagro stock appears to be overvalued. The current stock price of $10.99 is trading 1.2% above its estimated GF Value™ of $10.86. GuruFocus considers Adecoagro to be Fairly Valued.

Key valuation signals for LTS:0DWL:

  • Cyclically Adjusted PB Ratio: 1.02 (near median its 10-year median of 1.05)
  • GF Value™: $10.86 vs. price of $10.99 (1.2% above fair value)
  • GF Score™: 89/100 with 6 warning signs
  • Industry Position: 19% below the Consumer Packaged Goods median (#554 of 1352)

No single metric tells the full story. See the LTS:0DWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adecoagro Business Description

Address 28, Boulevard F.W, Raiffeisen, LUX, L-2411
Adecoagro SA is a Luxembourg-based agricultural company. It is involved in a wide range of businesses, including farming crops and other agricultural products, dairy operations sugar, ethanol, energy production, and land transformation. The group operates in two lines of business, namely, Farming and Sugar, Ethanol and Energy. The Farming is further comprised of three reportable segments: Crops, Rice and Dairy. Sugar, Ethanol and Energy Segment, consists of cultivating sugarcane, which is processed in owned sugar mills, transformed into ethanol, sugar and electricity, in addition to biomethane and then marketed.
89GF Score

Get the complete analysis for LTS:0DWL

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

$10.99
Price
$10.86
GF Value