JBS NV (STU:Z98) Cyclically Adjusted PB Ratio: 2.99 (As of Aug. 12, 2026) — 12% Above Median

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STU:Z98 JBS NV STU:Z98
81 GF Score
Price €11.29
GF Value €15.87
Valuation Modestly Undervalued
! 8 Warning Signs
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What is JBS NV Cyclically Adjusted PB Ratio?

JBS NV STU:Z98 -2.08% 81 Cyclically Adjusted PB Ratio is 2.99 as of Aug. 12, 2026, which is 12% above its 10-year median of 2.67. GuruFocus rates STU:Z98 with a GF Score™ of 81/100 and a GF Value™ of €15.87 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,403 Consumer Packaged Goods companies, JBS NV ranks worse than 81.47% on this metric.

As of today (2026-08-12), JBS NV's current share price is €11.285. JBS NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €3.77. JBS NV's Cyclically Adjusted PB Ratio for today is 2.99.

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

STU:Z98' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 2.67   Max: 4.81
Current: 3.01

During the past years, JBS NV's highest Cyclically Adjusted PB Ratio was 4.81. The lowest was 0.91. And the median was 2.67.

STU:Z98's Cyclically Adjusted PB Ratio is ranked worse than
81.47% of 1403 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs STU:Z98: 3.01

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.

JBS NV's adjusted book value per share data for the three months ended in Jun. 2026 was €6.991. 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 €3.77 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JBS NV  (STU:Z98) 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.


JBS NV Cyclically Adjusted PB Ratio Related Terms


JBS NV Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for JBS NV'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.

JBS NV Cyclically Adjusted PB Ratio Chart

JBS NV 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 4.02 2.41 2.87 3.29 3.59

JBS NV 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 3.89 3.81 3.59 4.30 2.74

STU:Z98 vs MKC, SJM, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, JBS NV'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.


JBS NV Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, JBS NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:Z98
81GF Score
JBS NV STU:Z98
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JBS NV 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.

JBS NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.285/3.77
=2.99

* 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.

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

For example, JBS NV'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)
=6.991/137.7700*137.7700
=6.991

Current CPI (Jun. 2026) = 137.7700.

JBS NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.419 100.570 3.314
201612 2.393 100.710 3.274
201703 2.648 101.440 3.596
201706 2.388 101.370 3.245
201709 2.381 102.030 3.215
201712 2.182 101.970 2.948
201803 2.262 102.470 3.041
201806 2.136 103.100 2.854
201809 2.072 103.950 2.746
201812 2.184 103.970 2.894
201903 2.286 105.370 2.989
201906 2.488 105.840 3.239
201909 2.515 106.700 3.247
201912 2.487 106.800 3.208
202003 1.966 106.850 2.535
202006 2.219 107.510 2.844
202009 2.238 107.880 2.858
202012 2.430 107.850 3.104
202103 2.346 108.870 2.969
202106 2.793 109.670 3.509
202109 2.962 110.790 3.683
202112 3.054 114.010 3.690
202203 3.660 119.460 4.221
202206 3.531 119.050 4.086
202209 3.735 126.890 4.055
202212 3.788 124.940 4.177
202303 3.689 124.720 4.075
202306 3.628 125.830 3.972
202309 3.521 127.160 3.815
202312 3.731 126.450 4.065
202403 3.654 128.580 3.915
202406 3.517 129.910 3.730
202409 3.490 131.610 3.653
202412 3.054 131.630 3.196
202503 3.135 133.330 3.239
202506 6.553 133.960 6.739
202509 6.697 135.920 6.788
202512 6.956 135.270 7.085
202603 6.665 136.910 6.707
202606 6.991 137.770 6.991

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 2.99 mean?
JBS NV (STU:Z98) has a Cyclically Adjusted PB Ratio of 2.99 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 JBS NV and its competitors. This is 12% above median its historical median of 2.67. Over the past decade, JBS NV's Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.81. According to the industry distribution chart, JBS NV ranks #1143 out of 1403 companies in the Consumer Packaged Goods industry, placing it in the top 81.5%.
Is JBS NV's Cyclically Adjusted PB Ratio too high?
JBS NV's current Cyclically Adjusted PB Ratio of 2.99 is 12% above median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.81. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. JBS NV's value of 2.99 is 137.3% above this industry median. Based on the distribution chart, JBS NV ranks #1143 out of 1403 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, JBS NV has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JBS NV's Cyclically Adjusted PB Ratio compare to MKC and SJM?
According to the Consumer Packaged Goods industry distribution chart, JBS NV ranks #1143 out of 1403 companies for Cyclically Adjusted PB Ratio. This places JBS NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. JBS NV's value of 2.99 is 137.3% above this benchmark. Historically, JBS NV's own Cyclically Adjusted PB Ratio has ranged from 0.91 to 4.81 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 1.26, JBS NV 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,403 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. JBS NV's current Cyclically Adjusted PB Ratio of 2.99 is 137.3% 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 JBS NV 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. JBS NV's current Cyclically Adjusted PB Ratio is 2.99, which is 12% above median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBS NV stock overvalued right now?
Based on GuruFocus' analysis, JBS NV (STU:Z98) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.87, compared to a current price of €11.29 — trading 28.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.99, which is 12% above median its 10-year median of 2.67 and 137.3% above the Consumer Packaged Goods industry median of 1.26. JBS NV's overall GF Score™ is 81/100 with 8 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 JBS NV (STU:Z98), the current Cyclically Adjusted PB Ratio is 2.99 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 JBS NV (STU:Z98) Overvalued in 2026?

Based on GuruFocus' analysis, JBS NV stock appears to be undervalued. The current stock price of €11.29 is trading 28.9% below its estimated GF Value™ of €15.87. GuruFocus considers JBS NV to be Modestly Undervalued.

Key valuation signals for STU:Z98:

  • Cyclically Adjusted PB Ratio: 2.99 (12% above median its 10-year median of 2.67)
  • GF Value™: €15.87 vs. price of €11.29 (28.9% below fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 137.3% above the Consumer Packaged Goods median (#1143 of 1403)

No single metric tells the full story. See the STU:Z98 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JBS NV Business Description

Address Stroombaan 16, 5th Floor, Amstelveen, NH, NLD, 05118-100
JBS NV is a protein food company, selling protein products, which include fresh and frozen cuts of beef, pork, lamb, fish, whole chickens, and chicken parts, to retailers, and foodservice companies. The food products are marketed under different brands such as Swift, Just Bare, Pilgrim's Pride, Sunnyvalley, Reserva Friboi, Great Southern, etc., globally. The company's reportable segments are Beef North America, which generates maximum revenue, Brazil, Seara, Pork USA, Pilgrim's Pride, Australia, and Others. Geographically, it derives majority of its revenue from United States of America.
81GF Score

Get the complete analysis for STU:Z98

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

€11.29
Price
€15.87
GF Value