Cencosud (XSGO:CENCOSUD) Cyclically Adjusted PB Ratio: 1.06 (As of Jul. 28, 2026) — 20% Above 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.

XSGO:CENCOSUD Cencosud SA XSGO:CENCOSUD
74 GF Score
Price CLP1,995.00
GF Value CLP2,266.04
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Cencosud Cyclically Adjusted PB Ratio?

Cencosud XSGO:CENCOSUD 74 Cyclically Adjusted PB Ratio is 1.06 as of Jul. 28, 2026, which is 20% above its 10-year median of 0.88. GuruFocus rates XSGO:CENCOSUD with a GF Score™ of 74/100 and a GF Value™ of CLP2,266.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 808 Retail - Cyclical companies, Cencosud ranks better than 54.83% on this metric.

As of today (2026-07-28), Cencosud's current share price is CLP1995.00. Cencosud's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CLP1,881.20. Cencosud's Cyclically Adjusted PB Ratio for today is 1.06.

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

XSGO:CENCOSUD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.88   Max: 1.78
Current: 1.06

During the past years, Cencosud's highest Cyclically Adjusted PB Ratio was 1.78. The lowest was 0.40. And the median was 0.88.

XSGO:CENCOSUD's Cyclically Adjusted PB Ratio is ranked better than
54.83% of 808 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs XSGO:CENCOSUD: 1.06

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.

Cencosud's adjusted book value per share data for the three months ended in Mar. 2026 was CLP1,805.566. 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 CLP1,881.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cencosud  (XSGO:CENCOSUD) 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.


Cencosud Cyclically Adjusted PB Ratio Related Terms


Cencosud Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cencosud'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.

Cencosud Cyclically Adjusted PB Ratio Chart

Cencosud 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 0.85 0.75 0.89 1.18 1.55

Cencosud 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 1.54 1.70 1.46 1.55 1.34

XSGO:CENCOSUD vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Cencosud'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.


Cencosud Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cencosud's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSGO:CENCOSUD
74GF Score
Cencosud SA XSGO:CENCOSUD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cencosud 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1995.00/1881.20
=1.06

* 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.

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

For example, Cencosud'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)
=1805.566/160.1900*160.1900
=1,805.566

Current CPI (Mar. 2026) = 160.1900.

Cencosud Quarterly Data

Book Value per Share CPI Adj_Book
201606 1,405.082 103.965 2,164.958
201609 1,391.170 104.521 2,132.128
201612 1,427.147 104.532 2,187.039
201703 1,470.497 105.752 2,227.467
201706 1,401.519 105.730 2,123.419
201709 1,380.424 106.035 2,085.441
201712 1,400.618 106.907 2,098.695
201803 1,392.995 107.670 2,072.489
201806 1,307.609 108.421 1,931.962
201809 1,321.030 109.369 1,934.876
201812 1,482.820 109.653 2,166.234
201903 1,379.575 110.339 2,002.867
201906 1,429.682 111.352 2,056.724
201909 1,458.008 111.821 2,088.686
201912 1,556.053 112.943 2,206.991
202003 1,560.776 114.468 2,184.192
202006 1,472.041 114.283 2,063.352
202009 1,399.859 115.275 1,945.298
202012 1,386.105 116.299 1,909.221
202103 1,377.187 117.770 1,873.246
202106 1,378.719 118.630 1,861.723
202109 1,513.391 121.431 1,996.450
202112 1,476.771 124.634 1,898.071
202203 1,517.182 128.850 1,886.198
202206 1,525.387 133.448 1,831.059
202209 1,425.985 138.101 1,654.072
202212 1,310.107 140.574 1,492.922
202303 1,261.370 143.145 1,411.564
202306 1,292.250 143.538 1,442.169
202309 1,407.728 145.172 1,553.358
202312 1,308.442 146.109 1,434.542
202403 1,543.236 148.551 1,664.153
202406 1,557.361 149.592 1,667.693
202409 1,534.381 151.212 1,625.482
202412 1,667.629 152.774 1,748.576
202503 1,631.970 155.783 1,678.138
202506 1,662.457 155.754 1,709.805
202509 1,704.144 157.870 1,729.187
202512 1,678.964 158.040 1,701.805
202603 1,805.566 160.190 1,805.566

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 1.06 mean?
Cencosud (XSGO:CENCOSUD) has a Cyclically Adjusted PB Ratio of 1.06 as of Jul. 28, 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 Cencosud and its competitors. This is 20% above median its historical median of 0.88. Over the past decade, Cencosud's Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.78. According to the industry distribution chart, Cencosud ranks #365 out of 808 companies in the Retail - Cyclical industry, placing it in the top 45.2%.
Is Cencosud's Cyclically Adjusted PB Ratio too high?
Cencosud's current Cyclically Adjusted PB Ratio of 1.06 is 20% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.78. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. Cencosud's value of 1.06 is 14.5% below this industry median. Based on the distribution chart, Cencosud ranks #365 out of 808 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Cencosud has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cencosud's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Cencosud ranks #365 out of 808 companies for Cyclically Adjusted PB Ratio. This puts Cencosud in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Cencosud's value of 1.06 is 14.5% below this benchmark. Historically, Cencosud's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.78 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.24, Cencosud 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 808 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. Cencosud's current Cyclically Adjusted PB Ratio of 1.06 is 14.5% 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 Cencosud and its competitors. For the Retail - Cyclical 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. Cencosud's current Cyclically Adjusted PB Ratio is 1.06, which is 20% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cencosud stock overvalued right now?
Based on GuruFocus' analysis, Cencosud (XSGO:CENCOSUD) is currently considered Modestly Undervalued. The stock's GF Value™ is CLP2,266.04, compared to a current price of CLP1,995.00 — trading 12% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.06, which is 20% above median its 10-year median of 0.88 and 14.5% below the Retail - Cyclical industry median of 1.24. Cencosud's overall GF Score™ is 74/100 with 6 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 Cencosud (XSGO:CENCOSUD), the current Cyclically Adjusted PB Ratio is 1.06 as of Jul. 28, 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 Cencosud (XSGO:CENCOSUD) Overvalued in 2026?

Based on GuruFocus' analysis, Cencosud stock appears to be undervalued. The current stock price of CLP1,995.00 is trading 12% below its estimated GF Value™ of CLP2,266.04. GuruFocus considers Cencosud to be Modestly Undervalued.

Key valuation signals for XSGO:CENCOSUD:

  • Cyclically Adjusted PB Ratio: 1.06 (20% above median its 10-year median of 0.88)
  • GF Value™: CLP2,266.04 vs. price of CLP1,995.00 (12% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 14.5% below the Retail - Cyclical median (#365 of 808)

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


Cencosud Business Description

Address Avenida Kennedy 9001, Piso 6, Las Condes, Santiago, CHL
Cencosud SA is a multi-brand retailer in South America. Headquartered in Chile, the Company has organized its reportable segments into: Supermarkets, Shopping Centers, Home Improvement stores, Department stores, Financial Services, and Others., the company is involved in commercial real estate development by leasing shopping mall space to third parties. Cencosud also provides private-label credit cards and financial services to retail customers. The company generates the majority of its revenue from the Supermarket segment.
74GF Score

Get the complete analysis for XSGO:CENCOSUD

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

CLP1,995.00
Price
CLP2,266.04
GF Value