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

Bank of the Philippine Islands (PHS:BPI) Cyclically Adjusted PB Ratio : 2.07 (As of May. 25, 2024)


View and export this data going back to 1971. Start your Free Trial

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

As of today (2024-05-25), Bank of the Philippine Islands's current share price is ₱123.00. Bank of the Philippine Islands's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱59.31. Bank of the Philippine Islands's Cyclically Adjusted PB Ratio for today is 2.07.

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:

PHS:BPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 1.96   Max: 3.81
Current: 2.09

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.

PHS:BPI's Cyclically Adjusted PB Ratio is ranked worse than
88.84% of 1192 companies
in the Banks industry
Industry Median: 0.92 vs PHS:BPI: 2.09

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 ₱76.642. 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 ₱59.31 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
=123.00/59.31
=2.07

* 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)
=76.642/131.7762*131.7762
=76.642

Current CPI (Mar. 2024) = 131.7762.

Bank of the Philippine Islands Quarterly Data

Book Value per Share CPI Adj_Book
201406 30.091 100.560 39.432
201409 31.258 100.428 41.015
201412 32.698 99.070 43.493
201503 33.044 99.621 43.710
201506 33.973 100.684 44.464
201509 34.144 100.392 44.818
201512 34.110 99.792 45.042
201603 35.361 100.470 46.379
201606 36.449 101.688 47.234
201609 37.531 101.861 48.553
201612 37.434 101.863 48.427
201703 38.934 102.862 49.878
201706 39.303 103.349 50.114
201709 40.564 104.136 51.331
201712 40.935 104.011 51.862
201803 42.894 105.290 53.684
201806 48.857 106.317 60.557
201809 50.128 106.507 62.021
201812 50.656 105.998 62.975
201903 52.354 107.251 64.326
201906 52.918 108.070 64.526
201909 54.542 108.329 66.347
201912 54.892 108.420 66.717
202003 55.453 108.902 67.101
202006 56.695 108.767 68.688
202009 57.637 109.815 69.164
202012 56.904 109.897 68.233
202103 57.094 111.754 67.323
202106 58.127 114.631 66.821
202109 59.338 115.734 67.563
202112 59.593 117.630 66.760
202203 61.000 121.301 66.268
202206 61.833 125.017 65.176
202209 63.724 125.227 67.057
202212 64.608 125.222 67.990
202303 73.192 127.348 75.737
202306 67.955 128.729 69.564
202309 70.697 129.860 71.740
202312 72.232 129.419 73.547
202403 76.642 131.776 76.642

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  (PHS:BPI) 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 (PHS:BPI) 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 (PHS:BPI) Headlines

No Headlines