Sonae SGPS (LTS:0ML0) Cyclically Adjusted PB Ratio: (As of Sep. 08, 2026)

Author: Vera Yuan Vera Yuan
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LTS:0ML0 Sonae SGPS SA LTS:0ML0
79 GF Score
Price €2.02
GF Value €1.34
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Sonae SGPS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonae SGPS  (LTS:0ML0) 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.


Sonae SGPS Cyclically Adjusted PB Ratio Related Terms


Sonae SGPS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sonae SGPS'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.

Sonae SGPS Cyclically Adjusted PB Ratio Chart

Sonae SGPS 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 1.05 0.84 0.76 0.71 1.18

Sonae SGPS 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 0.90 0.99 1.18 1.36 0.00

LTS:0ML0 vs KR, SFM: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, Sonae SGPS'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.


Sonae SGPS Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Sonae SGPS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


LTS:0ML0
79GF Score
Sonae SGPS SA LTS:0ML0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sonae SGPS 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.

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

For example, Sonae SGPS'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)
=1.653/128.0300*128.0300
=1.653

Current CPI (Jun. 2026) = 128.0300.

Sonae SGPS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.903 101.122 1.143
201612 0.947 100.998 1.200
201703 0.913 101.924 1.147
201706 0.938 102.240 1.175
201709 0.970 102.527 1.211
201712 0.945 102.479 1.181
201803 1.001 102.626 1.249
201806 1.037 103.790 1.279
201809 1.085 103.960 1.336
201812 1.034 103.159 1.283
201903 1.096 103.495 1.356
201906 1.056 104.192 1.298
201909 1.070 103.844 1.319
201912 1.120 103.592 1.384
202003 1.069 103.544 1.322
202006 1.009 104.323 1.238
202009 1.005 103.699 1.241
202012 1.043 103.354 1.292
202103 1.043 104.014 1.284
202106 1.039 104.852 1.269
202109 1.271 105.232 1.546
202112 1.326 106.191 1.599
202203 1.374 109.559 1.606
202206 1.364 114.003 1.532
202209 1.397 114.999 1.555
202212 1.453 116.377 1.598
202303 1.463 117.701 1.591
202306 1.432 117.872 1.555
202309 1.460 119.111 1.569
202312 1.567 118.032 1.700
202403 1.577 120.396 1.677
202406 1.535 121.165 1.622
202409 1.540 121.574 1.622
202412 1.581 121.585 1.665
202503 1.602 122.624 1.673
202506 1.569 124.042 1.619
202509 1.622 124.490 1.668
202512 1.639 124.240 1.689
202603 1.674 125.940 1.702
202606 1.653 128.030 1.653

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 Sonae SGPS (LTS:0ML0) Overvalued in 2026?

Based on GuruFocus' analysis, Sonae SGPS stock appears to be overvalued. The current stock price of €2.02 is trading 50.9% above its estimated GF Value™ of €1.34. GuruFocus considers Sonae SGPS to be Significantly Overvalued.

Key valuation signals for LTS:0ML0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.34 vs. price of €2.02 (50.9% above fair value)
  • GF Score™: 79/100 with 7 warning signs

No single metric tells the full story. See the LTS:0ML0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sonae SGPS Business Description

Address Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909
Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into segments based on the business offerings: MC, Worten, Musti, Bright Pixel, Sierra, and NOS. The MC business segment, which generates maximum of the company's revenue, deals in the Portuguese food retail market and also operates in complementary businesses to retail activities, as well as in the health and beauty retail sector in Portugal and Spain. The company operates earns majority of its revenue in Portugal, while it also has its presence in Nordic Countries, Spain, Netherlands, Romania, France, Italy, England, and Rest of the World.
79GF Score

Get the complete analysis for LTS:0ML0

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

€2.02
Price
€1.34
GF Value