Cosan (BSP:CSAN3) Shiller PE Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:CSAN3 Cosan SA BSP:CSAN3
75 GF Score
Price R$3.75
GF Value R$4.30
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Cosan Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cosan  (BSP:CSAN3) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Cosan Shiller PE Ratio Related Terms


Cosan Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Cosan's Shiller PE 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.

Cosan Shiller PE Ratio Chart

Cosan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 15.62 16.41 11.90 19.78

Cosan Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 14.72 15.20 32.64 53.27 56.06

BSP:CSAN3 vs MPC, VLO, PSX: Shiller PE Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Cosan's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Cosan Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cosan's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Cosan's Shiller PE Ratio falls into.


BSP:CSAN3
75GF Score
Cosan SA BSP:CSAN3
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cosan Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cosan's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Cosan's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.0814/177.5443*177.5443
=-0.081

Current CPI (Jun. 2026) = 177.5443.

Cosan Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.196 109.986 0.317
201612 0.171 110.802 0.274
201703 0.125 111.869 0.199
201706 -0.047 112.115 -0.074
201709 0.306 112.777 0.482
201712 0.414 114.068 0.645
201803 0.210 114.868 0.325
201806 -0.040 117.038 -0.060
201809 0.028 117.881 0.041
201812 118.340 0.000
201903 0.249 120.124 0.368
201906 0.263 120.977 0.386
201909 0.519 121.292 0.760
201912 0.503 123.436 0.723
202003 0.065 124.092 0.093
202006 -0.112 123.557 -0.161
202009 0.196 125.095 0.279
202012 0.400 129.012 0.551
202103 0.366 131.660 0.494
202106 0.502 133.871 0.666
202109 1.746 137.913 2.248
202112 0.676 141.992 0.845
202203 0.272 146.537 0.330
202206 -0.067 149.784 -0.080
202209 -0.008 147.800 -0.010
202212 0.430 150.207 0.508
202303 -0.484 153.352 -0.561
202306 -0.559 154.519 -0.642
202309 0.364 155.464 0.415
202312 1.263 157.148 1.427
202403 -0.103 159.372 -0.115
202406 -0.122 161.052 -0.134
202409 0.157 162.342 0.171
202412 -5.121 164.740 -5.519
202503 -0.962 168.102 -1.016
202506 -0.509 169.670 -0.533
202509 -0.638 170.739 -0.663
202512 -1.783 171.765 -1.843
202603 -0.404 175.066 -0.410
202606 -0.081 177.544 -0.081

Add all the adjusted EPS together and divide 10 will get our E10.

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 Cosan (BSP:CSAN3) Overvalued in 2026?

Based on GuruFocus' analysis, Cosan stock appears to be undervalued. The current stock price of R$3.75 is trading 12.8% below its estimated GF Value™ of R$4.30. GuruFocus considers Cosan to be Modestly Undervalued.

Key valuation signals for BSP:CSAN3:

  • Shiller PE Ratio:
  • GF Value™: R$4.30 vs. price of R$3.75 (12.8% below fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the BSP:CSAN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cosan Business Description

Industry EnergyOil & Gas
Other Exchanges CSAN:USA9CI0:Germany
Address Avenue Brigadeiro Faria Lima, 4100 / 15th Floor Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
Cosan SA engages in several services throughout the energy and logistics sectors. Its reportable segments are Raizen, Compass, Moove, Rumo, and Radar. It generates the majority of its revenue from Raizen which operates in the production, commercialization, origination, and trading of ethanol, bioenergy, resale, and trading of electricity, renewable sources, marketing, origination, and trading of sugar and fuels, and lubricant.
75GF Score

Get the complete analysis for BSP:CSAN3

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

R$3.75
Price
R$4.30
GF Value