PBG (BSP:PTBL3) Debt-to-Equity: -21.02 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:PTBL3 PBG SA BSP:PTBL3
57 GF Score
Price R$1.60
GF Value R$4.55
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is PBG Debt-to-Equity?

PBG BSP:PTBL3 +1.27% 57 Debt-to-Equity is -21.02 as of Jun. 2026. GuruFocus rates BSP:PTBL3 with a GF Score™ of 57/100 and a GF Value™ of R$4.55 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,617 Construction companies, PBG ranks worse than 61842.86% on this metric.

PBG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was R$456 Mil. PBG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was R$1,729 Mil. PBG's Total Stockholders Equity for the quarter that ended in Jun. 2026 was R$-104 Mil. PBG's debt to equity for the quarter that ended in Jun. 2026 was -21.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PBG's Debt-to-Equity or its related term are showing as below:

BSP:PTBL3' s Debt-to-Equity Range Over the Past 10 Years
Min: -59.49   Med: 2.06   Max: 76.28
Current: -21.02

During the past 13 years, the highest Debt-to-Equity Ratio of PBG was 76.28. The lowest was -59.49. And the median was 2.06.

BSP:PTBL3's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.4 vs BSP:PTBL3: -21.02

PBG  (BSP:PTBL3) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


PBG Debt-to-Equity Related Terms


PBG Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for PBG's Debt-to-Equity 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.

PBG Debt-to-Equity Chart

PBG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.32 2.06 4.63 4.69 76.28

PBG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity 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 7.89 10.00 76.28 -59.49 -21.02

BSP:PTBL3 vs TT, JCI, CARR: Debt-to-Equity Comparison

For the Building Products & Equipment subindustry, PBG's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


PBG Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, PBG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PBG's Debt-to-Equity falls into.


BSP:PTBL3
57GF Score
PBG SA BSP:PTBL3
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PBG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PBG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

PBG's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -21.02 mean?
PBG (BSP:PTBL3) has a Debt-to-Equity of -21.02 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PBG and its competitors. According to the industry distribution chart, PBG ranks #999999 out of 1617 companies in the Construction industry.
Is PBG's Debt-to-Equity too high?
PBG's current Debt-to-Equity is -21.02. Based on the distribution chart, PBG ranks #999999 out of 1617 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PBG has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PBG's Debt-to-Equity compare to TT and JCI?
According to the Construction industry distribution chart, PBG ranks #999999 out of 1617 companies for Debt-to-Equity. This places PBG in the lower half of its industry. The industry median Debt-to-Equity is 0.40. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,617 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PBG and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBG's current Debt-to-Equity is -21.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBG stock overvalued right now?
Based on GuruFocus' analysis, PBG (BSP:PTBL3) is currently considered Possible Value Trap. The stock's GF Value™ is R$4.55, compared to a current price of R$1.60 — trading 64.8% below its estimated fair value. The current Debt-to-Equity is -21.02. PBG's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PBG (BSP:PTBL3), the current Debt-to-Equity is -21.02 as of Jun. 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 PBG (BSP:PTBL3) Overvalued in 2026?

Based on GuruFocus' analysis, PBG stock appears to be undervalued. The current stock price of R$1.60 is trading 64.8% below its estimated GF Value™ of R$4.55. GuruFocus considers PBG to be Possible Value Trap.

Key valuation signals for BSP:PTBL3:

  • Debt-to-Equity: -21.02
  • GF Value™: R$4.55 vs. price of R$1.60 (64.8% below fair value)
  • GF Score™: 57/100 with 8 warning signs

No single metric tells the full story. See the BSP:PTBL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PBG Business Description

Address Rodovia BR 101, KM 163, Tijucas, SC, BRA, 88200-000
PBG SA is engaged in the manufacturing and sale of ceramic and porcelain products. It offers products such as floor tiles, technical porcelain, enameled tiles, decorated and special pieces, mosaic tiles, and products for indoor walls and outdoor facades, as well as supplementary services in the sector of civil construction materials. The company sells its product to the Brazilian market through its network of Portobello Shops, home centers, real estate developers, and construction firms. Portobello derives revenue through the sale of ceramic and porcelain products. Geographically it operates in Brazil. The Company is structured in four strategic segments formed by the business units Portobello, Portobello Shop, Pointer and Portobello America.
57GF Score

Get the complete analysis for BSP:PTBL3

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$1.60
Price
R$4.55
GF Value