GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of the Philippine Islands (OTCPK:BPHLF) » Definitions » Cyclically Adjusted PB Ratio

Bank of the Philippine Islands (Bank of the Philippine Islands) Cyclically Adjusted PB Ratio : 1.98 (As of May. 20, 2024)


View and export this data going back to . Start your Free Trial

What is Bank of the Philippine Islands Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Bank of the Philippine Islands's current share price is $2.003. Bank of the Philippine Islands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $1.01. Bank of the Philippine Islands's Cyclically Adjusted PB Ratio for today is 1.98.

The historical rank and industry rank for Bank of the Philippine Islands's Cyclically Adjusted PB Ratio or its related term are showing as below:

BPHLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 1.96   Max: 3.81
Current: 2.07

During the past years, Bank of the Philippine Islands's highest Cyclically Adjusted PB Ratio was 3.81. The lowest was 1.40. And the median was 1.96.

BPHLF's Cyclically Adjusted PB Ratio is ranked worse than
88.48% of 1189 companies
in the Banks industry
Industry Median: 0.94 vs BPHLF: 2.07

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.

Bank of the Philippine Islands's adjusted book value per share data for the three months ended in Mar. 2024 was $1.321. 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 $1.01 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of the Philippine Islands Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank of the Philippine Islands'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.

Bank of the Philippine Islands Cyclically Adjusted PB Ratio Chart

Bank of the Philippine Islands 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 2.23 1.90 1.86 1.81 1.81

Bank of the Philippine Islands 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 1.91 1.97 1.98 1.81 1.99

Competitive Comparison of Bank of the Philippine Islands's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Bank of the Philippine Islands'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.


Bank of the Philippine Islands's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of the Philippine Islands's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank of the Philippine Islands's Cyclically Adjusted PB Ratio falls into.



Bank of the Philippine Islands 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.

Bank of the Philippine Islands's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.003/1.01
=1.98

* 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.

Bank of the Philippine Islands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bank of the Philippine Islands'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)
=1.321/131.7762*131.7762
=1.321

Current CPI (Mar. 2024) = 131.7762.

Bank of the Philippine Islands Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.519 100.560 0.680
201409 0.539 100.428 0.707
201412 0.564 99.070 0.750
201503 0.569 99.621 0.753
201506 0.585 100.684 0.766
201509 0.588 100.392 0.772
201512 0.588 99.792 0.776
201603 0.609 100.470 0.799
201606 0.628 101.688 0.814
201609 0.647 101.861 0.837
201612 0.645 101.863 0.834
201703 0.671 102.862 0.860
201706 0.677 103.349 0.863
201709 0.699 104.136 0.885
201712 0.705 104.011 0.893
201803 0.739 105.290 0.925
201806 0.842 106.317 1.044
201809 0.864 106.507 1.069
201812 0.873 105.998 1.085
201903 0.902 107.251 1.108
201906 0.912 108.070 1.112
201909 0.940 108.329 1.143
201912 0.946 108.420 1.150
202003 0.956 108.902 1.157
202006 0.977 108.767 1.184
202009 0.993 109.815 1.192
202012 0.981 109.897 1.176
202103 0.984 111.754 1.160
202106 1.002 114.631 1.152
202109 1.023 115.734 1.165
202112 1.027 117.630 1.151
202203 1.051 121.301 1.142
202206 1.066 125.017 1.124
202209 1.098 125.227 1.155
202212 1.113 125.222 1.171
202303 1.261 127.348 1.305
202306 1.171 128.729 1.199
202309 1.218 129.860 1.236
202312 1.245 129.419 1.268
202403 1.321 131.776 1.321

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.


Bank of the Philippine Islands  (OTCPK:BPHLF) 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.


Bank of the Philippine Islands Cyclically Adjusted PB Ratio Related Terms

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


Bank of the Philippine Islands (Bank of the Philippine Islands) Business Description

Traded in Other Exchanges
Address
Ayala Avenue Corner Salcedo Street, Ayala North Exchange Tower 1, Legaspi Village, Metro Manila, Makati City, PHL, 1229
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. The bank has a wide network and operates almost entirely in the Philippines with some exposure to Hong Kong and Europe. The bank's primary shareholder for decades has been the Ayala Corporation, a large Filipino conglomerate that holds about half of the bank's outstanding shares. It has also long been associated with the Catholic Church and its charities and endowments. Large corporate customers constitute the majority of the bank's loan portfolio.

Bank of the Philippine Islands (Bank of the Philippine Islands) Headlines