Banco De Chile (XSGO:CHILE) Cyclically Adjusted Book per Share: CLP52.43 (As of Mar. 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.

XSGO:CHILE Banco De Chile XSGO:CHILE
63 GF Score
Price CLP188.50
GF Value CLP115.39
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Banco De Chile Cyclically Adjusted Book per Share?

Banco De Chile XSGO:CHILE 63 Cyclically Adjusted Book per Share is CLP52.43 as of Mar. 2026. GuruFocus rates XSGO:CHILE with a GF Score™ of 63/100 and a GF Value™ of CLP115.39 (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 CLP54.078. 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 CLP52.43 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 (2026-07-27), Banco De Chile's current stock price is CLP188.50. Banco De Chile's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CLP52.43. Banco De Chile's Cyclically Adjusted PB Ratio of today is 3.60.

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  (XSGO:CHILE) 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
=188.50/52.43
=3.60

* 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 34.42 40.75 44.10 48.01 51.39

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 49.35 49.76 50.85 51.39 52.43

XSGO:CHILE 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.


XSGO:CHILE
63GF Score
Banco De Chile XSGO:CHILE
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)
=54.078/160.1900*160.1900
=54.078

Current CPI (Mar. 2026) = 160.1900.

Banco De Chile Quarterly Data

Book Value per Share CPI Adj_Book
201606 26.467 103.965 40.780
201609 27.237 104.521 41.744
201612 31.575 104.532 48.387
201703 27.648 105.752 41.880
201706 29.241 105.730 44.303
201709 29.221 106.035 44.145
201712 34.108 106.907 51.108
201803 30.521 107.670 45.409
201806 31.157 108.421 46.034
201809 31.911 109.369 46.739
201812 36.367 109.653 53.128
201903 32.677 110.339 47.440
201906 33.585 111.352 48.315
201909 33.895 111.821 48.557
201912 38.664 112.943 54.838
202003 35.151 114.468 49.191
202006 35.429 114.283 49.661
202009 35.949 115.275 49.956
202012 39.568 116.299 54.501
202103 37.817 117.770 51.439
202106 38.939 118.630 52.580
202109 40.009 121.431 52.779
202112 47.705 124.634 61.314
202203 41.576 128.850 51.688
202206 43.819 133.448 52.600
202209 46.385 138.101 53.804
202212 53.767 140.574 61.270
202303 46.554 143.145 52.097
202306 48.229 143.538 53.824
202309 49.755 145.172 54.902
202312 60.207 146.109 66.009
202403 51.228 148.551 55.242
202406 52.851 149.592 56.595
202409 54.195 151.212 57.413
202412 64.394 152.774 67.520
202503 53.410 155.783 54.921
202506 55.113 155.754 56.683
202509 56.243 157.870 57.070
202512 66.205 158.040 67.106
202603 54.078 160.190 54.078

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 CLP52.43 mean?
Banco De Chile (XSGO:CHILE) has a Cyclically Adjusted Book per Share of CLP52.43 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 CLP52.43. Overall, Banco De Chile has a GF Score™ of 63/100 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 CLP52.43 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 CLP52.43. 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 (XSGO:CHILE) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP115.39, compared to a current price of CLP188.50 — trading 63.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is CLP52.43. Banco De Chile's overall GF Score™ is 63/100 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 (XSGO:CHILE), the current Cyclically Adjusted Book per Share is CLP52.43 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 (XSGO:CHILE) Overvalued in 2026?

Based on GuruFocus' analysis, Banco De Chile stock appears to be overvalued. The current stock price of CLP188.50 is trading 63.4% above its estimated GF Value™ of CLP115.39. GuruFocus considers Banco De Chile to be Significantly Overvalued.

Key valuation signals for XSGO:CHILE:

  • Cyclically Adjusted Book per Share: CLP52.43
  • GF Value™: CLP115.39 vs. price of CLP188.50 (63.4% above fair value)
  • GF Score™: 63/100 with 9 warning signs

No single metric tells the full story. See the XSGO:CHILE 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.
63GF Score

Get the complete analysis for XSGO:CHILE

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

CLP188.50
Price
CLP115.39
GF Value