Grupo Aeroportuario del SuresteB de CV (MEX:ASURB) Cyclically Adjusted PB Ratio: 3.28 (As of Jul. 22, 2026) — 22% Below 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.

MEX:ASURB Grupo Aeroportuario del Sureste SAB de CV MEX:ASURB
91 GF Score
Price MXN477.53
GF Value MXN680.35
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio?

Grupo Aeroportuario del SuresteB de CV MEX:ASURB +0.21% 91 Cyclically Adjusted PB Ratio is 3.28 as of Jul. 22, 2026, which is 22% below its 10-year median of 4.20. GuruFocus rates MEX:ASURB with a GF Score™ of 91/100 and a GF Value™ of MXN680.35 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 738 Transportation companies, Grupo Aeroportuario del SuresteB de CV ranks worse than 82.79% on this metric.

As of today (2026-07-22), Grupo Aeroportuario del SuresteB de CV's current share price is MXN477.53. Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN145.47. Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio for today is 3.28.

The historical rank and industry rank for Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:ASURB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.5   Med: 4.2   Max: 5.87
Current: 3.28

During the past years, Grupo Aeroportuario del SuresteB de CV's highest Cyclically Adjusted PB Ratio was 5.87. The lowest was 2.50. And the median was 4.20.

MEX:ASURB's Cyclically Adjusted PB Ratio is ranked worse than
82.79% of 738 companies
in the Transportation industry
Industry Median: 1.24 vs MEX:ASURB: 3.28

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.

Grupo Aeroportuario del SuresteB de CV's adjusted book value per share data for the three months ended in Mar. 2026 was MXN141.311. 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 MXN145.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Aeroportuario del SuresteB de CV  (MEX:ASURB) 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.


Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio Related Terms


Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Aeroportuario del SuresteB de CV'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.

Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio Chart

Grupo Aeroportuario del SuresteB de CV 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 4.30 4.09 4.10 4.01 4.08

Grupo Aeroportuario del SuresteB de CV 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 4.08 4.32 4.23 4.08 4.15

MEX:ASURB vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, Grupo Aeroportuario del SuresteB de CV'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.


Grupo Aeroportuario del SuresteB de CV Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio falls into.


MEX:ASURB
91GF Score
Grupo Aeroportuario del Sureste SAB de CV MEX:ASURB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo Aeroportuario del SuresteB de CV 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.

Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=477.53/145.47
=3.28

* 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.

Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Grupo Aeroportuario del SuresteB de CV'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)
=141.311/166.0400*166.0400
=141.311

Current CPI (Mar. 2026) = 166.0400.

Grupo Aeroportuario del SuresteB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201606 68.866 101.905 112.208
201609 72.291 103.084 116.441
201612 75.847 105.002 119.937
201703 79.524 108.063 122.189
201706 76.878 108.339 117.824
201709 80.751 109.628 122.304
201712 86.800 112.114 128.550
201803 90.929 113.505 133.015
201806 89.820 113.373 131.546
201809 91.378 115.130 131.785
201812 97.021 117.530 137.067
201903 101.595 118.050 142.896
201906 96.027 117.848 135.296
201909 100.669 118.581 140.959
201912 103.861 120.854 142.694
202003 116.125 121.885 158.193
202006 114.274 121.777 155.810
202009 114.202 123.341 153.737
202012 112.220 124.661 149.470
202103 115.943 127.574 150.903
202106 110.658 128.936 142.502
202109 117.912 130.742 149.747
202112 123.922 133.830 153.747
202203 130.564 137.082 158.145
202206 124.154 139.233 148.058
202209 131.876 142.116 154.076
202212 138.736 144.291 159.647
202303 144.628 146.472 163.950
202306 131.932 146.272 149.762
202309 141.820 148.446 158.628
202312 149.818 151.017 164.722
202403 159.123 152.947 172.745
202406 0.000 153.551 0.000
202409 167.644 155.246 179.300
202412 180.710 157.378 190.656
202503 192.567 158.761 201.396
202506 116.748 160.180 121.019
202509 123.171 161.030 127.003
202512 131.693 163.190 133.993
202603 141.311 166.040 141.311

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 3.28 mean?
Grupo Aeroportuario del SuresteB de CV (MEX:ASURB) has a Cyclically Adjusted PB Ratio of 3.28 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 Grupo Aeroportuario del SuresteB de CV and its competitors. This is 22% below median its historical median of 4.20. Over the past decade, Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio has ranged from 2.50 to 5.87. According to the industry distribution chart, Grupo Aeroportuario del SuresteB de CV ranks #611 out of 738 companies in the Transportation industry, placing it in the top 82.8%.
Is Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio too high?
Grupo Aeroportuario del SuresteB de CV's current Cyclically Adjusted PB Ratio of 3.28 is 22% below median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 5.87. The Transportation industry median Cyclically Adjusted PB Ratio is 1.24. Grupo Aeroportuario del SuresteB de CV's value of 3.28 is 164.5% above this industry median. Based on the distribution chart, Grupo Aeroportuario del SuresteB de CV ranks #611 out of 738 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Grupo Aeroportuario del SuresteB de CV has a GF Score™ of 91/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Grupo Aeroportuario del SuresteB de CV's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Grupo Aeroportuario del SuresteB de CV ranks #611 out of 738 companies for Cyclically Adjusted PB Ratio. This places Grupo Aeroportuario del SuresteB de CV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Grupo Aeroportuario del SuresteB de CV's value of 3.28 is 164.5% above this benchmark. Historically, Grupo Aeroportuario del SuresteB de CV's own Cyclically Adjusted PB Ratio has ranged from 2.50 to 5.87 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 1.24, Grupo Aeroportuario del SuresteB de CV 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.24, based on 738 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. Grupo Aeroportuario del SuresteB de CV's current Cyclically Adjusted PB Ratio of 3.28 is 164.5% 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 Grupo Aeroportuario del SuresteB de CV and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Aeroportuario del SuresteB de CV's current Cyclically Adjusted PB Ratio is 3.28, which is 22% below median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Aeroportuario del SuresteB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo Aeroportuario del SuresteB de CV (MEX:ASURB) is currently considered Possible Value Trap. The stock's GF Value™ is MXN680.35, compared to a current price of MXN477.53 — trading 29.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.28, which is 22% below median its 10-year median of 4.20 and 164.5% above the Transportation industry median of 1.24. Grupo Aeroportuario del SuresteB de CV's overall GF Score™ is 91/100 with 3 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 Grupo Aeroportuario del SuresteB de CV (MEX:ASURB), the current Cyclically Adjusted PB Ratio is 3.28 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 Grupo Aeroportuario del SuresteB de CV (MEX:ASURB) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Aeroportuario del SuresteB de CV stock appears to be undervalued. The current stock price of MXN477.53 is trading 29.8% below its estimated GF Value™ of MXN680.35. GuruFocus considers Grupo Aeroportuario del SuresteB de CV to be Possible Value Trap.

Key valuation signals for MEX:ASURB:

  • Cyclically Adjusted PB Ratio: 3.28 (22% below median its 10-year median of 4.20)
  • GF Value™: MXN680.35 vs. price of MXN477.53 (29.8% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 164.5% above the Transportation median (#611 of 738)

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


Grupo Aeroportuario del SuresteB de CV Business Description

Address Bosque de Alisos No. 47A, 4th Floor, Bosques de las Lomas, Ciudad de Mexico, DF, MEX, 05120
Grupo Aeroportuario del Sureste SAB de CV and its subsidiaries hold concessions to operate, maintain, and develop airports in the southeast region of Mexico. As an operator of airports, it charges airlines, passengers, and other users fees for using the airports' facilities. The group also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. The company's operating segments are Cancun, which generates majority revenue, Aerostar, Airplan, Merida, Villahermosa, Holding and Services, and Others.
91GF Score

Get the complete analysis for MEX:ASURB

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

MXN477.53
Price
MXN680.35
GF Value