Banco De Chile (BOG:CHILECO) Cyclically Adjusted Book per Share: COP220.22 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

BOG:CHILECO Banco De Chile BOG:CHILECO
67 GF Score
Price COP742.00
GF Value COP495.98
! 9 Warning Signs
View Full Analysis

What is Banco De Chile Cyclically Adjusted Book per Share?

Banco De Chile BOG:CHILECO 67 Cyclically Adjusted Book per Share is COP220.22 as of Jun. 2026. GuruFocus rates BOG:CHILECO with a GF Score™ of 67/100 and a GF Value™ of COP495.98. The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Banco De Chile's adjusted book value per share for the three months ended in Jun. 2026 was COP215.238. 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 COP220.22 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Banco De Chile's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Banco De Chile was 13.40% per year. The lowest was 8.00% per year. And the median was 11.10% per year.

As of today (2026-08-09), Banco De Chile's current stock price is COP742.00. Banco De Chile's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was COP220.22. Banco De Chile's Cyclically Adjusted PB Ratio of today is 3.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banco De Chile was 4.33. The lowest was 1.84. And the median was 2.71.


Banco De Chile  (BOG:CHILECO) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Banco De Chile's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=742.00/220.22
=3.37

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banco De Chile was 4.33. The lowest was 1.84. And the median was 2.71.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Banco De Chile Cyclically Adjusted Book per Share Related Terms


Banco De Chile Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Banco De Chile's Cyclically Adjusted Book per Share 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.

Banco De Chile Cyclically Adjusted Book per Share Chart

Banco De Chile Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Banco De Chile Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 0.00 0.00 0.00 0.00 220.22

BOG:CHILECO vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Banco De Chile'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.


Banco De Chile Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Banco De Chile's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Banco De Chile's Cyclically Adjusted PB Ratio falls into.


BOG:CHILECO
67GF Score
Banco De Chile BOG:CHILECO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banco De Chile Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Banco De Chile's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=215.238/162.5100*162.5100
=215.238

Current CPI (Jun. 2026) = 162.5100.

Banco De Chile Quarterly Data

Book Value per Share CPI Adj_Book
201609 118.881 104.521 184.838
201612 145.576 104.532 226.320
201703 120.488 105.752 185.155
201706 133.959 105.730 205.899
201709 137.327 106.035 210.468
201712 161.797 106.907 245.949
201803 145.351 107.670 219.384
201806 141.166 108.421 211.590
201809 142.871 109.369 212.290
201812 171.732 109.653 254.515
201903 150.274 110.339 221.327
201906 163.988 111.352 239.328
201909 159.960 111.821 232.471
201912 177.385 112.943 255.233
202003 146.417 114.468 207.867
202006 165.863 114.283 235.856
202009 171.771 115.275 242.157
202012 193.085 116.299 269.807
202103 188.887 117.770 260.645
202106 196.331 118.630 268.951
202109 191.275 121.431 255.982
202112 221.239 124.634 288.473
202203 204.437 128.850 257.842
202206 190.529 133.448 232.021
202209 222.380 138.101 261.686
202212 293.929 140.574 339.795
202303 278.716 143.145 316.420
202306 267.492 143.538 302.848
202309 227.555 145.172 254.732
202312 275.361 146.109 306.271
202403 207.393 148.551 226.882
202406 219.520 149.592 238.476
202409 244.451 151.212 262.715
202412 289.984 152.774 308.464
202503 236.357 155.783 246.563
202506 237.260 155.754 247.551
202509 229.670 157.870 236.420
202512 270.955 158.040 278.619
202603 217.749 160.190 220.903
202606 215.238 162.510 215.238

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of COP220.22 mean?
Banco De Chile (BOG:CHILECO) has a Cyclically Adjusted Book per Share of COP220.22 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Banco De Chile and its competitors.
Is Banco De Chile's Cyclically Adjusted Book per Share too high?
Banco De Chile's current Cyclically Adjusted Book per Share is COP220.22. Overall, Banco De Chile has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Banco De Chile's Cyclically Adjusted Book per Share compare to PNC and USB?
Banco De Chile's Cyclically Adjusted Book per Share of COP220.22 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Banco De Chile and its competitors. Banco De Chile's current Cyclically Adjusted Book per Share is COP220.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco De Chile stock overvalued right now?
Banco De Chile (BOG:CHILECO) has a current Cyclically Adjusted Book per Share of COP220.22. The stock's GF Value™ is COP495.98, compared to a current price of COP742.00 — trading 49.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is COP220.22. Banco De Chile's overall GF Score™ is 67/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Banco De Chile (BOG:CHILECO), the current Cyclically Adjusted Book per Share is COP220.22 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 Banco De Chile (BOG:CHILECO) Overvalued in 2026?

Based on GuruFocus' analysis, Banco De Chile stock appears to be overvalued. The current stock price of COP742.00 is trading 49.6% above its estimated GF Value™ of COP495.98.

Key valuation signals for BOG:CHILECO:

  • Cyclically Adjusted Book per Share: COP220.22
  • GF Value™: COP495.98 vs. price of COP742.00 (49.6% above fair value)
  • GF Score™: 67/100 with 9 warning signs

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


Banco De Chile Business Description

Address Paseo Ahumada 251, Santiago, CHL
Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile), Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.
67GF Score

Get the complete analysis for BOG:CHILECO

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

COP742.00
Price
COP495.98
GF Value