Masisa (XSGO:MASISA) Cyclically Adjusted PB Ratio: 0.11 (As of Jul. 19, 2026) — 50% Below Median

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XSGO:MASISA Masisa SA XSGO:MASISA
32 GF Score
Price CLP8.68
GF Value CLP15.07
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Masisa Cyclically Adjusted PB Ratio?

Masisa XSGO:MASISA -1.03% 32 Cyclically Adjusted PB Ratio is 0.11 as of Jul. 19, 2026, which is 50% below its 10-year median of 0.22. GuruFocus rates XSGO:MASISA with a GF Score™ of 32/100 and a GF Value™ of CLP15.07 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 244 Forest Products companies, Masisa ranks better than 96.31% on this metric.

As of today (2026-07-19), Masisa's current share price is CLP8.682. Masisa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CLP76.71. Masisa's Cyclically Adjusted PB Ratio for today is 0.11.

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

XSGO:MASISA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.22   Max: 0.53
Current: 0.11

During the past years, Masisa's highest Cyclically Adjusted PB Ratio was 0.53. The lowest was 0.10. And the median was 0.22.

XSGO:MASISA's Cyclically Adjusted PB Ratio is ranked better than
96.31% of 244 companies
in the Forest Products industry
Industry Median: 0.76 vs XSGO:MASISA: 0.11

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.

Masisa's adjusted book value per share data for the three months ended in Mar. 2026 was CLP35.684. 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 CLP76.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Masisa  (XSGO:MASISA) 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.


Masisa Cyclically Adjusted PB Ratio Related Terms


Masisa Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Masisa'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.

Masisa Cyclically Adjusted PB Ratio Chart

Masisa 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 0.12 0.36 0.20 0.16 0.22

Masisa 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 0.17 0.16 0.20 0.22 0.19

XSGO:MASISA vs SSD, UFPI, BCC: Cyclically Adjusted PB Ratio Comparison

For the Lumber & Wood Production subindustry, Masisa'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.


Masisa Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Masisa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSGO:MASISA
32GF Score
Masisa SA XSGO:MASISA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Masisa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.682/76.71
=0.11

* 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.

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

For example, Masisa'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)
=35.684/160.1900*160.1900
=35.684

Current CPI (Mar. 2026) = 160.1900.

Masisa Quarterly Data

Book Value per Share CPI Adj_Book
201606 79.552 103.965 122.574
201609 78.560 104.521 120.402
201612 80.497 104.532 123.358
201703 85.180 105.752 129.028
201706 80.267 105.730 121.611
201709 78.176 106.035 118.102
201712 79.580 106.907 119.243
201803 77.152 107.670 114.786
201806 58.573 108.421 86.540
201809 65.041 109.369 95.264
201812 67.783 109.653 99.023
201903 65.638 110.339 95.293
201906 69.174 111.352 99.513
201909 69.010 111.821 98.861
201912 64.450 112.943 91.411
202003 67.101 114.468 93.903
202006 60.226 114.283 84.418
202009 53.885 115.275 74.881
202012 43.098 116.299 59.363
202103 45.223 117.770 61.512
202106 45.931 118.630 62.022
202109 50.912 121.431 67.163
202112 54.934 124.634 70.606
202203 51.768 128.850 64.359
202206 58.657 133.448 70.411
202209 64.377 138.101 74.674
202212 58.744 140.574 66.941
202303 48.397 143.145 54.160
202306 43.558 143.538 48.611
202309 45.272 145.172 49.955
202312 41.896 146.109 45.934
202403 45.336 148.551 48.888
202406 43.339 149.592 46.409
202409 42.331 151.212 44.844
202412 43.840 152.774 45.968
202503 40.868 155.783 42.024
202506 40.415 155.754 41.566
202509 40.765 157.870 41.364
202512 37.041 158.040 37.545
202603 35.684 160.190 35.684

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 0.11 mean?
Masisa (XSGO:MASISA) has a Cyclically Adjusted PB Ratio of 0.11 as of Jul. 19, 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 Masisa and its competitors. This is 50% below median its historical median of 0.22. Over the past decade, Masisa's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.53. According to the industry distribution chart, Masisa ranks #9 out of 244 companies in the Forest Products industry, placing it in the top 3.7%.
Is Masisa's Cyclically Adjusted PB Ratio too high?
Masisa's current Cyclically Adjusted PB Ratio of 0.11 is 50% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.53. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.76. Masisa's value of 0.11 is 85.5% below this industry median. Based on the distribution chart, Masisa ranks #9 out of 244 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Masisa has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Masisa's Cyclically Adjusted PB Ratio compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Masisa ranks #9 out of 244 companies for Cyclically Adjusted PB Ratio. This places Masisa in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.76. Masisa's value of 0.11 is 85.5% below this benchmark. Historically, Masisa's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.53 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.76, Masisa 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.76, based on 244 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. Masisa's current Cyclically Adjusted PB Ratio of 0.11 is 85.5% 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 Masisa and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Masisa's current Cyclically Adjusted PB Ratio is 0.11, which is 50% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Masisa stock overvalued right now?
Based on GuruFocus' analysis, Masisa (XSGO:MASISA) is currently considered Possible Value Trap. The stock's GF Value™ is CLP15.07, compared to a current price of CLP8.68 — trading 42.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.11, which is 50% below median its 10-year median of 0.22 and 85.5% below the Forest Products industry median of 0.76. Masisa's overall GF Score™ is 32/100 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 Masisa (XSGO:MASISA), the current Cyclically Adjusted PB Ratio is 0.11 as of Jul. 19, 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 Masisa (XSGO:MASISA) Overvalued in 2026?

Based on GuruFocus' analysis, Masisa stock appears to be undervalued. The current stock price of CLP8.68 is trading 42.4% below its estimated GF Value™ of CLP15.07. GuruFocus considers Masisa to be Possible Value Trap.

Key valuation signals for XSGO:MASISA:

  • Cyclically Adjusted PB Ratio: 0.11 (50% below median its 10-year median of 0.22)
  • GF Value™: CLP15.07 vs. price of CLP8.68 (42.4% below fair value)
  • GF Score™: 32/100 with 3 warning signs
  • Industry Position: 85.5% below the Forest Products median (#9 of 244)

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


Masisa Business Description

Address Avenue Apoquindo 3650, Piso 11, Las Condes, Santiago, CHL
Masisa SA produces and markets wooden boards in Latin America. The company engages in the production of the wooden board of various types particle board, medium-density fibreboard, medium density particleboard. It operates several wood board producing industrial complexes across Chile, Argentina, Brazil, Venezuela, and Mexico. Its products are mainly used for the furniture and interior architecture industries of Latin America.
32GF Score

Get the complete analysis for XSGO:MASISA

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

CLP8.68
Price
CLP15.07
GF Value