Paz (XSGO:PAZ) Cyclically Adjusted PB Ratio: 0.97 (As of Sep. 08, 2026) — 37% Above Median

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XSGO:PAZ Paz Corp SA XSGO:PAZ
75 GF Score
Price CLP870.18
GF Value CLP676.83
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Paz Cyclically Adjusted PB Ratio?

Paz XSGO:PAZ 75 Cyclically Adjusted PB Ratio is 0.97 as of Sep. 08, 2026, which is 37% above its 10-year median of 0.71. GuruFocus rates XSGO:PAZ with a GF Score™ of 75/100 and a GF Value™ of CLP676.83 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,305 Real Estate companies, Paz ranks worse than 63.98% on this metric.

As of today (2026-09-08), Paz's current share price is CLP870.18. Paz's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was CLP896.56. Paz's Cyclically Adjusted PB Ratio for today is 0.97.

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

XSGO:PAZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.71   Max: 1.37
Current: 0.97

During the past years, Paz's highest Cyclically Adjusted PB Ratio was 1.37. The lowest was 0.40. And the median was 0.71.

XSGO:PAZ's Cyclically Adjusted PB Ratio is ranked worse than
63.98% of 1305 companies
in the Real Estate industry
Industry Median: 0.67 vs XSGO:PAZ: 0.97

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.

Paz's adjusted book value per share data for the three months ended in Jun. 2026 was CLP928.117. 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 CLP896.56 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paz  (XSGO:PAZ) 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.


Paz Cyclically Adjusted PB Ratio Related Terms


Paz Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Paz'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.

Paz Cyclically Adjusted PB Ratio Chart

Paz 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 0.52 0.54 0.64 0.55 0.94

Paz 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 0.68 0.80 0.94 0.96 0.96

XSGO:PAZ vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Paz'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.


Paz Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Paz's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XSGO:PAZ
75GF Score
Paz Corp SA XSGO:PAZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paz 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=870.18/896.56
=0.97

* 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.

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

For example, Paz'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)
=928.117/162.5100*162.5100
=928.117

Current CPI (Jun. 2026) = 162.5100.

Paz Quarterly Data

Book Value per Share CPI Adj_Book
201609 488.463 104.521 759.468
201612 502.082 104.532 780.562
201703 530.103 105.752 814.615
201706 546.015 105.730 839.240
201709 554.045 106.035 849.132
201712 537.627 106.907 817.251
201803 562.744 107.670 849.373
201806 572.795 108.421 858.548
201809 584.210 109.369 868.069
201812 592.902 109.653 878.708
201903 619.961 110.339 913.095
201906 643.274 111.352 938.809
201909 665.923 111.821 967.792
201912 657.803 112.943 946.491
202003 673.607 114.468 956.316
202006 680.809 114.283 968.107
202009 679.468 115.275 957.890
202012 627.056 116.299 876.216
202103 632.185 117.770 872.350
202106 625.219 118.630 856.478
202109 655.409 121.431 877.131
202112 685.598 124.634 893.950
202203 716.620 128.850 903.823
202206 764.616 133.448 931.130
202209 803.842 138.101 945.921
202212 779.380 140.574 900.999
202303 786.794 143.145 893.231
202306 795.342 143.538 900.468
202309 820.615 145.172 918.622
202312 829.656 146.109 922.787
202403 847.738 148.551 927.401
202406 832.822 149.592 904.740
202409 837.974 151.212 900.584
202412 864.800 152.774 919.910
202503 870.384 155.783 907.969
202506 881.913 155.754 920.167
202509 909.145 157.870 935.866
202512 907.723 158.040 933.397
202603 914.494 160.190 927.738
202606 928.117 162.510 928.117

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 0.97 mean?
Paz (XSGO:PAZ) has a Cyclically Adjusted PB Ratio of 0.97 as of Sep. 08, 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 Paz and its competitors. This is 37% above median its historical median of 0.71. Over the past decade, Paz's Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.37. According to the industry distribution chart, Paz ranks #835 out of 1305 companies in the Real Estate industry, placing it in the top 64%.
Is Paz's Cyclically Adjusted PB Ratio too high?
Paz's current Cyclically Adjusted PB Ratio of 0.97 is 37% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.37. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Paz's value of 0.97 is 44.8% above this industry median. Based on the distribution chart, Paz ranks #835 out of 1305 companies in the Real Estate industry, which is below the industry midpoint. Overall, Paz has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Paz's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Paz ranks #835 out of 1305 companies for Cyclically Adjusted PB Ratio. This places Paz in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. Paz's value of 0.97 is 44.8% above this benchmark. Historically, Paz's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 1.37 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.67, Paz 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,305 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. Paz's current Cyclically Adjusted PB Ratio of 0.97 is 44.8% 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 Paz and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paz's current Cyclically Adjusted PB Ratio is 0.97, which is 37% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paz stock overvalued right now?
Based on GuruFocus' analysis, Paz (XSGO:PAZ) is currently considered Modestly Overvalued. The stock's GF Value™ is CLP676.83, compared to a current price of CLP870.18 — trading 28.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.97, which is 37% above median its 10-year median of 0.71 and 44.8% above the Real Estate industry median of 0.67. Paz's overall GF Score™ is 75/100 with 9 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 Paz (XSGO:PAZ), the current Cyclically Adjusted PB Ratio is 0.97 as of Sep. 08, 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 Paz (XSGO:PAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Paz stock appears to be overvalued. The current stock price of CLP870.18 is trading 28.6% above its estimated GF Value™ of CLP676.83. GuruFocus considers Paz to be Modestly Overvalued.

Key valuation signals for XSGO:PAZ:

  • Cyclically Adjusted PB Ratio: 0.97 (37% above median its 10-year median of 0.71)
  • GF Value™: CLP676.83 vs. price of CLP870.18 (28.6% above fair value)
  • GF Score™: 75/100 with 9 warning signs
  • Industry Position: 44.8% above the Real Estate median (#835 of 1305)

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


Paz Business Description

Address Avenue Apoquindo 4501, 20th floor, Las Condes, Santiago, CHL
Paz Corp SA develops real estate projects. It controls, supervises and executes the architecture, construction, marketing, commercialization, and customer financing of projects. The company offers lofts, apartments, and home studios, as well as real estate and financial advisory, and post-sale services. Some of its projects are Sun City, future & urban air. It has presence in Chile and Peru.
75GF Score

Get the complete analysis for XSGO:PAZ

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

CLP870.18
Price
CLP676.83
GF Value