Banco De Chile (FRA:G4RA) Cyclically Adjusted Book per Share: €9.54 (As of Mar. 2026)


FRA:G4RA Banco De Chile FRA:G4RA
67 GF Score
Price €34.60
GF Value €21.30
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Banco De Chile Cyclically Adjusted Book per Share?

Banco De Chile FRA:G4RA +0.58% 67 Cyclically Adjusted Book per Share is €9.54 as of Mar. 2026. GuruFocus rates FRA:G4RA with a GF Score™ of 67/100 and a GF Value™ of €21.30 (Significantly Overvalued). 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 Mar. 2026 was €10.250. 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 €9.54 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Banco De Chile's average Cyclically Adjusted Book Growth Rate was 6.20% 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 (2026-07-12), Banco De Chile's current stock price is €34.60. Banco De Chile's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €9.54. Banco De Chile's Cyclically Adjusted PB Ratio of today is 3.63.

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  (FRA:G4RA) 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
=34.60/9.54
=3.63

* 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 6.93 8.75 8.69 9.09 9.39

Banco De Chile Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 9.36 8.83 8.78 9.39 9.54

FRA:G4RA 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.


FRA:G4RA
67GF Score
Banco De Chile FRA:G4RA
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 Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.25/160.1900*160.1900
=10.250

Current CPI (Mar. 2026) = 160.1900.

Banco De Chile Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.932 103.965 10.681
201609 7.267 104.521 11.138
201612 8.983 104.532 13.766
201703 7.810 105.752 11.830
201706 7.832 105.730 11.866
201709 7.833 106.035 11.834
201712 9.071 106.907 13.592
201803 8.195 107.670 12.192
201806 8.367 108.421 12.362
201809 8.041 109.369 11.777
201812 9.343 109.653 13.649
201903 8.638 110.339 12.541
201906 8.603 111.352 12.376
201909 8.564 111.821 12.268
201912 9.094 112.943 12.898
202003 7.571 114.468 10.595
202006 7.906 114.283 11.082
202009 7.894 115.275 10.970
202012 8.907 116.299 12.269
202103 8.750 117.770 11.902
202106 8.871 118.630 11.979
202109 8.660 121.431 11.424
202112 9.936 124.634 12.771
202203 9.457 128.850 11.757
202206 9.559 133.448 11.475
202209 10.133 138.101 11.754
202212 11.636 140.574 13.260
202303 10.771 143.145 12.054
202306 11.136 143.538 12.428
202309 10.517 145.172 11.605
202312 12.609 146.109 13.824
202403 9.721 148.551 10.483
202406 10.583 149.592 11.333
202409 10.548 151.212 11.174
202412 12.492 152.774 13.098
202503 10.598 155.783 10.898
202506 10.195 155.754 10.485
202509 9.986 157.870 10.133
202512 12.373 158.040 12.541
202603 10.250 160.190 10.250

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 €9.54 mean?
Banco De Chile (FRA:G4RA) has a Cyclically Adjusted Book per Share of €9.54 as of Mar. 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 €9.54. Overall, Banco De Chile has a GF Score™ of 67/100 and is considered Significantly Overvalued, 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 €9.54 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 €9.54. 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?
Based on GuruFocus' analysis, Banco De Chile (FRA:G4RA) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.30, compared to a current price of €34.60 — trading 62.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is €9.54. 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 (FRA:G4RA), the current Cyclically Adjusted Book per Share is €9.54 as of Mar. 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 (FRA:G4RA) Overvalued in 2026?

Based on GuruFocus' analysis, Banco De Chile stock appears to be overvalued. The current stock price of €34.60 is trading 62.4% above its estimated GF Value™ of €21.30. GuruFocus considers Banco De Chile to be Significantly Overvalued.

Key valuation signals for FRA:G4RA:

  • Cyclically Adjusted Book per Share: €9.54
  • GF Value™: €21.30 vs. price of €34.60 (62.4% above fair value)
  • GF Score™: 67/100 with 9 warning signs

No single metric tells the full story. See the FRA:G4RA 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 FRA:G4RA

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

€34.60
Price
€21.30
GF Value