Adecoagro (MEX:AGRON N) Cyclically Adjusted PB Ratio: 0.90 (As of Aug. 15, 2026) — 14% Below Median

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MEX:AGRON N Adecoagro SA MEX:AGRON N
88 GF Score
Price MXN145.00
GF Value MXN173.32
! 7 Warning Signs
View Full Analysis

What is Adecoagro Cyclically Adjusted PB Ratio?

Adecoagro MEX:AGRON N 88 Cyclically Adjusted PB Ratio is 0.90 as of Aug. 15, 2026, which is 14% below its 10-year median of 1.05. GuruFocus rates MEX:AGRON N with a GF Score™ of 88/100 and a GF Value™ of MXN173.32. The stock has 7 warning signs investors should review. Among 1,397 Consumer Packaged Goods companies, Adecoagro ranks better than 62.99% on this metric.

As of today (2026-08-15), Adecoagro's current share price is MXN145.00. Adecoagro's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN160.79. Adecoagro's Cyclically Adjusted PB Ratio for today is 0.90.

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

MEX:AGRON N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.05   Max: 1.66
Current: 0.84

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.

MEX:AGRON N's Cyclically Adjusted PB Ratio is ranked better than
62.99% of 1397 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs MEX:AGRON N: 0.84

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 MXN210.443. 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 MXN160.79 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adecoagro  (MEX:AGRON N) 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

MEX:AGRON N 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.


MEX:AGRON N
88GF Score
Adecoagro SA MEX:AGRON N
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
=145.00/160.79
=0.90

* 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)
=210.443/128.6000*128.6000
=210.443

Current CPI (Jun. 2026) = 128.6000.

Adecoagro Quarterly Data

Book Value per Share CPI Adj_Book
201609 101.836 100.750 129.986
201612 119.188 101.040 151.698
201703 108.150 101.780 136.649
201706 99.926 102.170 125.776
201709 104.473 102.520 131.050
201712 112.408 102.410 141.155
201803 96.681 102.900 120.828
201806 85.809 103.650 106.464
201809 163.468 104.580 201.013
201812 179.180 104.320 220.883
201903 174.860 105.140 213.877
201906 181.443 105.550 221.067
201909 160.465 105.900 194.861
201912 159.189 106.080 192.984
202003 170.703 106.040 207.020
202006 161.282 106.340 195.043
202009 158.348 106.620 190.992
202012 156.875 106.670 189.127
202103 161.781 108.140 192.390
202106 162.765 108.680 192.598
202109 175.256 109.470 205.882
202112 186.813 111.090 216.258
202203 203.390 114.780 227.879
202206 199.904 116.750 220.194
202209 207.022 117.000 227.547
202212 202.921 117.060 222.925
202303 195.316 118.910 211.232
202306 193.267 120.460 206.327
202309 206.033 121.740 217.643
202312 196.815 121.170 208.883
202403 219.745 122.590 230.518
202406 243.615 123.120 254.458
202409 272.707 123.300 284.429
202412 285.392 122.430 299.775
202503 290.533 124.210 300.801
202506 258.090 125.820 263.793
202509 251.464 126.570 255.497
202512 209.049 126.180 213.058
202603 219.468 127.160 221.953
202606 210.443 128.600 210.443

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 0.90 mean?
Adecoagro (MEX:AGRON N) has a Cyclically Adjusted PB Ratio of 0.90 as of Aug. 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 Adecoagro and its competitors. This is 14% below 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 #517 out of 1397 companies in the Consumer Packaged Goods industry, placing it in the top 37%.
Is Adecoagro's Cyclically Adjusted PB Ratio too high?
Adecoagro's current Cyclically Adjusted PB Ratio of 0.90 is 14% below 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 0.90 is 28.6% below this industry median. Based on the distribution chart, Adecoagro ranks #517 out of 1397 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Adecoagro has a GF Score™ of 88/100, 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 #517 out of 1397 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 0.90 is 28.6% 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 1,397 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 0.90 is 28.6% 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 0.90, which is 14% below 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?
Adecoagro (MEX:AGRON N) has a current Cyclically Adjusted PB Ratio of 0.90. The stock's GF Value™ is MXN173.32, compared to a current price of MXN145.00 — trading 16.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.90, which is 14% below median its 10-year median of 1.05 and 28.6% below the Consumer Packaged Goods industry median of 1.26. Adecoagro's overall GF Score™ is 88/100 with 7 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 (MEX:AGRON N), the current Cyclically Adjusted PB Ratio is 0.90 as of Aug. 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 Adecoagro (MEX:AGRON N) Overvalued in 2026?

Based on GuruFocus' analysis, Adecoagro stock appears to be undervalued. The current stock price of MXN145.00 is trading 16.3% below its estimated GF Value™ of MXN173.32.

Key valuation signals for MEX:AGRON N:

  • Cyclically Adjusted PB Ratio: 0.90 (14% below median its 10-year median of 1.05)
  • GF Value™: MXN173.32 vs. price of MXN145.00 (16.3% below fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 28.6% below the Consumer Packaged Goods median (#517 of 1397)

No single metric tells the full story. See the MEX:AGRON N 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.
88GF Score

Get the complete analysis for MEX:AGRON N

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

MXN145.00
Price
MXN173.32
GF Value