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Porto Seguro (BSP:PSSA3) Cyclically Adjusted PB Ratio : 1.82 (As of Jun. 08, 2024)


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What is Porto Seguro Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Porto Seguro's current share price is R$29.92. Porto Seguro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$16.44. Porto Seguro's Cyclically Adjusted PB Ratio for today is 1.82.

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

BSP:PSSA3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 1.95   Max: 2.85
Current: 1.83

During the past years, Porto Seguro's highest Cyclically Adjusted PB Ratio was 2.85. The lowest was 1.18. And the median was 1.95.

BSP:PSSA3's Cyclically Adjusted PB Ratio is ranked worse than
73.86% of 417 companies
in the Insurance industry
Industry Median: 1.17 vs BSP:PSSA3: 1.83

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.

Porto Seguro's adjusted book value per share data for the three months ended in Mar. 2024 was R$19.485. 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 R$16.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Porto Seguro Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Porto Seguro'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.

* Premium members only.

Porto Seguro Cyclically Adjusted PB Ratio Chart

Porto Seguro Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.69 1.95 1.48 1.54 1.78

Porto Seguro Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.52 1.80 1.66 1.78 1.90

Competitive Comparison of Porto Seguro's Cyclically Adjusted PB Ratio

For the Insurance - Diversified subindustry, Porto Seguro'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.


Porto Seguro's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Porto Seguro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Porto Seguro 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.

Porto Seguro's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.92/16.44
=1.82

* 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.

Porto Seguro's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Porto Seguro's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=19.485/159.3724*159.3724
=19.485

Current CPI (Mar. 2024) = 159.3724.

Porto Seguro Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.901 91.838 15.447
201409 9.246 92.602 15.913
201412 9.276 94.194 15.695
201503 9.269 97.799 15.105
201506 9.680 100.006 15.426
201509 9.970 101.392 15.671
201512 9.951 104.247 15.213
201603 10.203 106.979 15.200
201606 10.454 108.851 15.306
201609 10.798 109.986 15.647
201612 10.825 110.802 15.570
201703 11.020 111.869 15.699
201706 11.012 112.115 15.654
201709 11.693 112.777 16.524
201712 11.931 114.068 16.670
201803 12.070 114.868 16.746
201806 11.353 117.038 15.460
201809 11.823 117.881 15.984
201812 11.821 118.340 15.920
201903 11.662 120.124 15.472
201906 11.949 120.977 15.741
201909 12.450 121.292 16.359
201912 12.804 123.436 16.532
202003 12.505 124.092 16.060
202006 13.193 123.557 17.017
202009 13.779 125.095 17.555
202012 14.071 129.012 17.382
202103 13.570 131.660 16.426
202106 14.587 133.871 17.366
202109 14.174 137.913 16.380
202112 14.685 141.992 16.482
202203 14.575 146.537 15.852
202206 14.753 149.784 15.697
202209 15.601 147.800 16.823
202212 16.489 150.207 17.495
202303 17.002 153.352 17.669
202306 17.874 154.519 18.435
202309 18.496 155.464 18.961
202312 19.366 157.148 19.640
202403 19.485 159.372 19.485

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.


Porto Seguro  (BSP:PSSA3) 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.


Porto Seguro Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Porto Seguro's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Porto Seguro (BSP:PSSA3) Business Description

Traded in Other Exchanges
N/A
Address
Alameda Barao de Piracicaba, No. 740, Bloco B (Edifício Rosa Garfinkel) – 11th Floor, Campos Eliseos, Sao Paulo, SP, BRA
Porto Seguro SA is one of Brazil's largest diversified insurance companies that cover vehicles and residential homes. The company provides a wide range of services including risk underwriting analysis, bike assistance, and surveillance. Porto Seguro has also implemented credit card and mobile products. The company aims to provide products that meet several market segments' needs through the following brands: Porto Seguro, Itau Auto e Residencia, and Azul Seguros. Porto Seguro's operating structure is split between brokers, service providers, automotive centers, and branches.

Porto Seguro (BSP:PSSA3) Headlines

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