CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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.

BSP:FESA3 CIA de Ferro Ligas da Bahia - Ferbasa BSP:FESA3
66 GF Score
Price R$10.50
GF Value R$11.46
Valuation Fairly Valued
! 8 Warning Signs
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What is CIA de Ferro Ligas da Bahia - Ferbasa Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CIA de Ferro Ligas da Bahia - Ferbasa  (BSP:FESA3) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


CIA de Ferro Ligas da Bahia - Ferbasa Cyclically Adjusted PS Ratio Related Terms


CIA de Ferro Ligas da Bahia - Ferbasa Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CIA de Ferro Ligas da Bahia - Ferbasa's Cyclically Adjusted PS 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.

CIA de Ferro Ligas da Bahia - Ferbasa Cyclically Adjusted PS Ratio Chart

CIA de Ferro Ligas da Bahia - Ferbasa Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.24 2.88 2.70 1.81 1.65

CIA de Ferro Ligas da Bahia - Ferbasa Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 1.58 1.54 1.49 1.64 1.37

BSP:FESA3 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, CIA de Ferro Ligas da Bahia - Ferbasa's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


CIA de Ferro Ligas da Bahia - Ferbasa Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, CIA de Ferro Ligas da Bahia - Ferbasa's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CIA de Ferro Ligas da Bahia - Ferbasa's Cyclically Adjusted PS Ratio falls into.


BSP:FESA3
66GF Score
CIA de Ferro Ligas da Bahia - Ferbasa BSP:FESA3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CIA de Ferro Ligas da Bahia - Ferbasa Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

CIA de Ferro Ligas da Bahia - Ferbasa's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CIA de Ferro Ligas da Bahia - Ferbasa's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.545/177.5443*177.5443
=1.545

Current CPI (Jun. 2026) = 177.5443.

CIA de Ferro Ligas da Bahia - Ferbasa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.709 109.986 1.144
201612 0.831 110.802 1.332
201703 0.890 111.869 1.412
201706 0.795 112.115 1.259
201709 0.812 112.777 1.278
201712 0.760 114.068 1.183
201803 1.024 114.868 1.583
201806 1.024 117.038 1.553
201809 1.155 117.881 1.740
201812 0.855 118.340 1.283
201903 1.025 120.124 1.515
201906 0.960 120.977 1.409
201909 0.932 121.292 1.364
201912 0.842 123.436 1.211
202003 1.017 124.092 1.455
202006 1.253 123.557 1.800
202009 1.132 125.095 1.607
202012 1.363 129.012 1.876
202103 1.520 131.660 2.050
202106 6.003 133.871 7.961
202109 1.995 137.913 2.568
202112 2.004 141.992 2.506
202203 2.167 146.537 2.626
202206 2.696 149.784 3.196
202209 2.261 147.800 2.716
202212 2.098 150.207 2.480
202303 2.105 153.352 2.437
202306 1.839 154.519 2.113
202309 1.619 155.464 1.849
202312 1.591 157.148 1.797
202403 1.497 159.372 1.668
202406 1.534 161.052 1.691
202409 1.756 162.342 1.920
202412 1.785 164.740 1.924
202503 1.615 168.102 1.706
202506 1.882 169.670 1.969
202509 1.601 170.739 1.665
202512 1.778 171.765 1.838
202603 1.490 175.066 1.511
202606 1.545 177.544 1.545

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA3) Overvalued in 2026?

Based on GuruFocus' analysis, CIA de Ferro Ligas da Bahia - Ferbasa stock appears to be undervalued. The current stock price of R$10.50 is trading 8.4% below its estimated GF Value™ of R$11.46. GuruFocus considers CIA de Ferro Ligas da Bahia - Ferbasa to be Fairly Valued.

Key valuation signals for BSP:FESA3:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$11.46 vs. price of R$10.50 (8.4% below fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the BSP:FESA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CIA de Ferro Ligas da Bahia - Ferbasa Business Description

Other Exchanges FESA4:Brazil
Address Estrada de Santiago s/n, Pojuca, BA, BRA, 48120000
CIA de Ferro Ligas da Bahia - Ferbasa produces ferroalloys, including chromium alloys and silicon ferroalloys. It operates in the areas of mining, reforestation, and metallurgy, offering high-carbon ferrochrome, low-carbon ferrochrome, and ferrosilicon. It also engages in the mining, forestry, metallurgy businesses.
66GF Score

Get the complete analysis for BSP:FESA3

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

R$10.50
Price
R$11.46
GF Value