Grupo CarsoB de CV (MEX:GCARSOA1) Cyclically Adjusted PB Ratio: 2.57 (As of Aug. 12, 2026) — Near Median

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MEX:GCARSOA1 Grupo Carso SAB de CV MEX:GCARSOA1
75 GF Score
Price MXN142.80
GF Value MXN135.56
Valuation Fairly Valued
! 7 Warning Signs
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What is Grupo CarsoB de CV Cyclically Adjusted PB Ratio?

Grupo CarsoB de CV MEX:GCARSOA1 +1.10% 75 Cyclically Adjusted PB Ratio is 2.57 as of Aug. 12, 2026, which is 8% above its 10-year median of 2.37. GuruFocus rates MEX:GCARSOA1 with a GF Score™ of 75/100 and a GF Value™ of MXN135.56 (Fairly Valued). The stock has 7 warning signs investors should review. Among 457 Conglomerates companies, Grupo CarsoB de CV ranks worse than 78.99% on this metric.

As of today (2026-08-12), Grupo CarsoB de CV's current share price is MXN142.80. Grupo CarsoB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN55.47. Grupo CarsoB de CV's Cyclically Adjusted PB Ratio for today is 2.57.

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

MEX:GCARSOA1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.3   Med: 2.37   Max: 4.31
Current: 2.62

During the past years, Grupo CarsoB de CV's highest Cyclically Adjusted PB Ratio was 4.31. The lowest was 1.30. And the median was 2.37.

MEX:GCARSOA1's Cyclically Adjusted PB Ratio is ranked worse than
78.99% of 457 companies
in the Conglomerates industry
Industry Median: 1.01 vs MEX:GCARSOA1: 2.62

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 CarsoB de CV's adjusted book value per share data for the three months ended in Mar. 2026 was MXN60.122. 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 MXN55.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo CarsoB de CV  (MEX:GCARSOA1) 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 CarsoB de CV Cyclically Adjusted PB Ratio Related Terms


Grupo CarsoB de CV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo CarsoB 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 CarsoB de CV Cyclically Adjusted PB Ratio Chart

Grupo CarsoB 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 1.86 2.00 4.19 2.33 2.19

Grupo CarsoB 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 2.35 2.58 2.51 2.19 2.43

MEX:GCARSOA1 vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Grupo CarsoB 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 CarsoB de CV Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Grupo CarsoB de CV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


MEX:GCARSOA1
75GF Score
Grupo Carso SAB de CV MEX:GCARSOA1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo CarsoB 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 CarsoB de CV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=142.80/55.47
=2.57

* 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 CarsoB de CV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Grupo CarsoB 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)
=60.122/166.0400*166.0400
=60.122

Current CPI (Mar. 2026) = 166.0400.

Grupo CarsoB de CV Quarterly Data

Book Value per Share CPI Adj_Book
201606 24.855 101.905 40.498
201609 26.216 103.084 42.227
201612 28.024 105.002 44.314
201703 28.389 108.063 43.620
201706 28.193 108.339 43.209
201709 29.103 109.628 44.079
201712 31.489 112.114 46.635
201803 32.197 113.505 47.099
201806 32.942 113.373 48.245
201809 33.254 115.130 47.959
201812 36.823 117.530 52.022
201903 37.385 118.050 52.583
201906 36.551 117.848 51.498
201909 37.343 118.581 52.288
201912 37.861 120.854 52.017
202003 38.160 121.885 51.984
202006 39.268 121.777 53.541
202009 41.154 123.341 55.401
202012 40.854 124.661 54.415
202103 43.204 127.574 56.231
202106 43.089 128.936 55.489
202109 43.578 130.742 55.343
202112 46.564 133.830 57.771
202203 48.666 137.082 58.946
202206 48.682 139.233 58.055
202209 50.198 142.116 58.648
202212 53.752 144.291 61.854
202303 55.500 146.472 62.915
202306 54.976 146.272 62.406
202309 57.103 148.446 63.871
202312 56.912 151.017 62.574
202403 57.526 152.947 62.451
202406 59.350 153.551 64.177
202409 60.816 155.246 65.045
202412 63.114 157.378 66.588
202503 63.797 158.761 66.722
202506 62.374 160.180 64.656
202509 63.737 161.030 65.720
202512 64.512 163.190 65.639
202603 60.122 166.040 60.122

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 2.57 mean?
Grupo CarsoB de CV (MEX:GCARSOA1) has a Cyclically Adjusted PB Ratio of 2.57 as of Aug. 12, 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 CarsoB de CV and its competitors. This is near median its historical median of 2.37. Over the past decade, Grupo CarsoB de CV's Cyclically Adjusted PB Ratio has ranged from 1.30 to 4.31. According to the industry distribution chart, Grupo CarsoB de CV ranks #361 out of 457 companies in the Conglomerates industry, placing it in the top 79%.
Is Grupo CarsoB de CV's Cyclically Adjusted PB Ratio too high?
Grupo CarsoB de CV's current Cyclically Adjusted PB Ratio of 2.57 is near median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 4.31. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Grupo CarsoB de CV's value of 2.57 is 154.5% above this industry median. Based on the distribution chart, Grupo CarsoB de CV ranks #361 out of 457 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Grupo CarsoB de CV has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupo CarsoB de CV's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Grupo CarsoB de CV ranks #361 out of 457 companies for Cyclically Adjusted PB Ratio. This places Grupo CarsoB de CV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Grupo CarsoB de CV's value of 2.57 is 154.5% above this benchmark. Historically, Grupo CarsoB de CV's own Cyclically Adjusted PB Ratio has ranged from 1.30 to 4.31 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.01, Grupo CarsoB 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 457 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 CarsoB de CV's current Cyclically Adjusted PB Ratio of 2.57 is 154.5% 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 CarsoB de CV and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo CarsoB de CV's current Cyclically Adjusted PB Ratio is 2.57, which is near median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo CarsoB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo CarsoB de CV (MEX:GCARSOA1) is currently considered Fairly Valued. The stock's GF Value™ is MXN135.56, compared to a current price of MXN142.80 — trading 5.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.57, which is near median its 10-year median of 2.37 and 154.5% above the Conglomerates industry median of 1.01. Grupo CarsoB de CV's overall GF Score™ is 75/100 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 Grupo CarsoB de CV (MEX:GCARSOA1), the current Cyclically Adjusted PB Ratio is 2.57 as of Aug. 12, 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 CarsoB de CV (MEX:GCARSOA1) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo CarsoB de CV stock appears to be overvalued. The current stock price of MXN142.80 is trading 5.3% above its estimated GF Value™ of MXN135.56. GuruFocus considers Grupo CarsoB de CV to be Fairly Valued.

Key valuation signals for MEX:GCARSOA1:

  • Cyclically Adjusted PB Ratio: 2.57 (near median its 10-year median of 2.37)
  • GF Value™: MXN135.56 vs. price of MXN142.80 (5.3% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 154.5% above the Conglomerates median (#361 of 457)

No single metric tells the full story. See the MEX:GCARSOA1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo CarsoB de CV Business Description

Other Exchanges GPOVF:USA4GF:Germany
Address 255 Frisco Building, Lago Zurich 245, 6th Floor, Ampliacion Granada, Mexico City, MEX, 11529
Grupo Carso SAB de CV is a conglomerate based in Mexico with business presence in several countries, mainly in the Americas and Europe. The firm has operations in four main business segments: commercial and retail, industrial and manufacturing, infrastructure and construction, and energy. The largest contributor to sales, the commercial and retail division, serves middle- and high-income consumers and operates department stores, boutiques, restaurants, and multimedia stores. The industrial and manufacturing segment has a portfolio of products and services focused on cables, power transformers and reactors, and alternative energies, among others. The infrastructure and construction division serves sectors like the oil and chemical industries, pipeline installation, and housing development.
75GF Score

Get the complete analysis for MEX:GCARSOA1

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

MXN142.80
Price
MXN135.56
GF Value