Bladex (MEX:BLX1N) Cyclically Adjusted Book per Share: MXN548.98 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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MEX:BLX1N Bladex Inc MEX:BLX1N
43 GF Score
Price MXN1,046.38
GF Value MXN823.35
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Bladex Cyclically Adjusted Book per Share?

Bladex MEX:BLX1N 43 Cyclically Adjusted Book per Share is MXN548.98 as of Jun. 2026. GuruFocus rates MEX:BLX1N with a GF Score™ of 43/100 and a GF Value™ of MXN823.35 (Modestly Overvalued). The stock has 6 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.

Bladex's adjusted book value per share for the three months ended in Jun. 2026 was MXN816.908. 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 MXN548.98 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Bladex's average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.60% 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 Bladex was 7.00% per year. The lowest was -9.00% per year. And the median was 2.00% per year.

As of today (2026-08-12), Bladex's current stock price is MXN1046.38. Bladex's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN548.98. Bladex's Cyclically Adjusted PB Ratio of today is 1.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bladex was 1.78. The lowest was 0.32. And the median was 0.85.


Bladex  (MEX:BLX1N) 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.

Bladex's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1046.38/548.98
=1.91

* 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 Bladex was 1.78. The lowest was 0.32. And the median was 0.85.


Be Aware

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


Bladex Cyclically Adjusted Book per Share Related Terms


Bladex Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bladex'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.

Bladex Cyclically Adjusted Book per Share Chart

Bladex 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

Bladex 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 0.00 597.84 548.98

MEX:BLX1N vs OFG, MBIN, NWBI: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Bladex'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.


Bladex Cyclically Adjusted PB Ratio vs Banks Industry

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

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


MEX:BLX1N
43GF Score
Bladex Inc MEX:BLX1N
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bladex 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, Bladex'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)
=816.908/333.9520*333.9520
=816.908

Current CPI (Jun. 2026) = 333.9520.

Bladex Quarterly Data

Book Value per Share CPI Adj_Book
201609 499.124 241.428 690.406
201612 532.438 241.432 736.475
201703 489.077 243.801 669.924
201706 470.310 244.955 641.183
201709 475.651 246.819 643.567
201712 519.422 246.524 703.631
201803 480.875 249.554 643.505
201806 519.211 251.989 688.092
201809 467.850 252.439 618.920
201812 493.415 251.233 655.873
201903 489.038 254.202 642.462
201906 486.269 256.143 633.984
201909 503.047 256.759 654.285
201912 483.938 256.974 628.904
202003 602.855 258.115 779.980
202006 594.542 257.797 770.174
202009 571.156 260.280 732.821
202012 520.346 260.474 667.132
202103 533.730 264.877 672.917
202106 521.256 271.696 640.696
202109 547.745 274.310 666.839
202112 561.552 278.802 672.633
202203 551.498 287.504 640.596
202206 564.007 296.311 635.654
202209 580.843 296.808 653.533
202212 573.929 296.797 645.777
202303 541.800 301.836 599.449
202306 529.447 305.109 579.497
202309 553.447 307.789 600.492
202312 559.223 306.746 608.822
202403 559.389 312.332 598.111
202406 629.276 314.175 668.888
202409 701.083 315.301 742.554
202412 758.023 315.605 802.089
202503 754.736 319.799 788.138
202506 715.865 322.561 741.145
202509 811.239 324.800 834.098
202512 811.899 324.054 836.698
202603 820.549 330.213 829.840
202606 816.908 333.952 816.908

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 MXN548.98 mean?
Bladex (MEX:BLX1N) has a Cyclically Adjusted Book per Share of MXN548.98 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 Bladex and its competitors.
Is Bladex's Cyclically Adjusted Book per Share too high?
Bladex's current Cyclically Adjusted Book per Share is MXN548.98. Overall, Bladex has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bladex's Cyclically Adjusted Book per Share compare to OFG and MBIN?
Bladex's Cyclically Adjusted Book per Share of MXN548.98 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 Bladex and its competitors. Bladex's current Cyclically Adjusted Book per Share is MXN548.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bladex stock overvalued right now?
Based on GuruFocus' analysis, Bladex (MEX:BLX1N) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN823.35, compared to a current price of MXN1,046.38 — trading 27.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN548.98. Bladex's overall GF Score™ is 43/100 with 6 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 Bladex (MEX:BLX1N), the current Cyclically Adjusted Book per Share is MXN548.98 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 Bladex (MEX:BLX1N) Overvalued in 2026?

Based on GuruFocus' analysis, Bladex stock appears to be overvalued. The current stock price of MXN1,046.38 is trading 27.1% above its estimated GF Value™ of MXN823.35. GuruFocus considers Bladex to be Modestly Overvalued.

Key valuation signals for MEX:BLX1N:

  • Cyclically Adjusted Book per Share: MXN548.98
  • GF Value™: MXN823.35 vs. price of MXN1,046.38 (27.1% above fair value)
  • GF Score™: 43/100 with 6 warning signs

No single metric tells the full story. See the MEX:BLX1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bladex Business Description

Other Exchanges BLX:USAD8Q:Germany
Address Avenida La Rotonda, P.O. Box 0819-08730, Torre V, Business Park, Urb. Costa del Este, Panama, PAN
Banco Latinoamericano de Comercio Exterior SA provides financial solutions to financial institutions, companies, and investors doing business in Latin America, supporting trade and regional integration. The Bank provides foreign trade solutions to a select client base of American financial institutions and corporations and has developed a network of correspondent banking institutions with access to the international capital markets. It has two business segments: the Commercial Business Segment and the Treasury Business Segment. The majority of its revenue is generated from the Commercial Business segment.
43GF Score

Get the complete analysis for MEX:BLX1N

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

MXN1,046.38
Price
MXN823.35
GF Value