Gafisa (STU:GJ3A) Cyclically Adjusted PB Ratio: 0.00 (As of Sep. 13, 2026)

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.

STU:GJ3A Gafisa SA STU:GJ3A
33 GF Score
Price €2.70
GF Value €66.15
! 5 Warning Signs
View Full Analysis

What is Gafisa Cyclically Adjusted PB Ratio?

Gafisa STU:GJ3A 33 Cyclically Adjusted PB Ratio is 0.00 as of Sep. 13, 2026. GuruFocus rates STU:GJ3A with a GF Score™ of 33/100 and a GF Value™ of €66.15. The stock has 5 warning signs investors should review. Among 70 Homebuilding & Construction companies, Gafisa ranks worse than 1428570% on this metric.

As of today (2026-09-13), Gafisa's current share price is €2.70. Gafisa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €4,899.43. Gafisa's Cyclically Adjusted PB Ratio for today is 0.00.

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

During the past years, Gafisa's highest Cyclically Adjusted PB Ratio was 0.19. The lowest was 0.01. And the median was 0.06.

STU:GJ3A's Cyclically Adjusted PB Ratio is not ranked *
in the Homebuilding & Construction industry.
Industry Median: 1.135
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Gafisa's adjusted book value per share data for the three months ended in Mar. 2026 was €1.034. 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 €4,899.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gafisa  (STU:GJ3A) 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.


Gafisa Cyclically Adjusted PB Ratio Related Terms


Gafisa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Gafisa'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.

Gafisa Cyclically Adjusted PB Ratio Chart

Gafisa 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 0.03 0.02 0.03 0.00 0.00

Gafisa 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 0.01 0.00 0.00 0.00 0.00

STU:GJ3A vs DHI, PHM, LEN: Cyclically Adjusted PB Ratio Comparison

For the Residential Construction subindustry, Gafisa'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.


Gafisa Cyclically Adjusted PB Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Gafisa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:GJ3A
33GF Score
Gafisa SA STU:GJ3A
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gafisa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.70/4899.43
=0.00

* 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.

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

For example, Gafisa'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)
=1.034/175.0655*175.0655
=1.034

Current CPI (Mar. 2026) = 175.0655.

Gafisa Quarterly Data

Book Value per Share CPI Adj_Book
201606 310.405 108.851 499.227
201609 318.945 109.986 507.667
201612 201.821 110.802 318.874
201703 184.760 111.869 289.133
201706 147.292 112.115 229.995
201709 129.358 112.777 200.804
201712 81.680 114.068 125.358
201803 103.478 114.868 157.706
201806 56.966 117.038 85.210
201809 51.291 117.881 76.172
201812 33.936 118.340 50.203
201903 30.837 120.124 44.941
201906 26.167 120.977 37.866
201909 34.085 121.292 49.196
201912 22.225 123.436 31.521
202003 0.000 124.092 0.000
202006 22.632 123.557 32.067
202009 12.172 125.095 17.034
202012 12.307 129.012 16.700
202103 11.643 131.660 15.481
202106 12.961 133.871 16.949
202109 12.557 137.913 15.940
202112 12.549 141.992 15.472
202203 14.637 146.537 17.487
202206 14.786 149.784 17.282
202209 14.664 147.800 17.369
202212 13.949 150.207 16.258
202303 10.646 153.352 12.153
202306 9.529 154.519 10.796
202309 8.627 155.464 9.715
202312 8.602 157.148 9.583
202403 8.077 159.372 8.872
202406 7.452 161.052 8.100
202409 5.473 162.342 5.902
202412 5.270 164.740 5.600
202503 4.765 168.102 4.962
202506 4.653 169.670 4.801
202509 2.832 170.739 2.904
202512 2.156 171.765 2.197
202603 1.034 175.066 1.034

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 0.00 mean?
Gafisa (STU:GJ3A) has a Cyclically Adjusted PB Ratio of 0.00 as of Sep. 13, 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 Gafisa and its competitors. Over the past decade, Gafisa's Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.19. According to the industry distribution chart, Gafisa ranks #999999 out of 70 companies in the Homebuilding & Construction industry.
Is Gafisa's Cyclically Adjusted PB Ratio too high?
Gafisa's current Cyclically Adjusted PB Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.19. Based on the distribution chart, Gafisa ranks #999999 out of 70 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Gafisa has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Gafisa's Cyclically Adjusted PB Ratio compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Gafisa ranks #999999 out of 70 companies for Cyclically Adjusted PB Ratio. This places Gafisa in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Historically, Gafisa's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.19 over the past decade. 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 Homebuilding & Construction company?
The median Cyclically Adjusted PB Ratio among Homebuilding & Construction companies is 1.14, based on 70 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. 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 Gafisa and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gafisa's current Cyclically Adjusted PB Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gafisa stock overvalued right now?
Gafisa (STU:GJ3A) has a current Cyclically Adjusted PB Ratio of 0.00. The stock's GF Value™ is €66.15, compared to a current price of €2.70 — trading 95.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.00. Gafisa's overall GF Score™ is 33/100 with 5 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 Gafisa (STU:GJ3A), the current Cyclically Adjusted PB Ratio is 0.00 as of Sep. 13, 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 Gafisa (STU:GJ3A) Overvalued in 2026?

Based on GuruFocus' analysis, Gafisa stock appears to be undervalued. The current stock price of €2.70 is trading 95.9% below its estimated GF Value™ of €66.15.

Key valuation signals for STU:GJ3A:

  • Cyclically Adjusted PB Ratio: 0.00
  • GF Value™: €66.15 vs. price of €2.70 (95.9% below fair value)
  • GF Score™: 33/100 with 5 warning signs

No single metric tells the full story. See the STU:GJ3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gafisa Business Description

Other Exchanges GFASY:USAGFSA3:Brazil
Address Avenida Presidente Juscelino Kubitschek, No. 1830, Block 2, 3rd Floor, Sao Paulo, SP, BRA, 04543-900
Gafisa SA is a Brazilian company that is engaged in the real estate development of residential units on behalf of third parties. It provides civil construction and civil engineering services, develops and implements marketing strategies related to its own and third-party real estate ventures, and invests in other companies that share similar objectives. The company operates in Sao Paulo and its metropolitan area.
33GF Score

Get the complete analysis for STU:GJ3A

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

€2.70
Price
€66.15
GF Value