AYAAY (Ayala Land) Cyclically Adjusted PB Ratio: 0.64 (As of Aug. 18, 2026) — 76% Below Median

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.

AYAAY Ayala Land Inc AYAAY
73 GF Score
Price $4.03
GF Value $6.83
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Ayala Land Cyclically Adjusted PB Ratio?

Ayala Land AYAAY -19.40% 73 Cyclically Adjusted PB Ratio is 0.64 as of Aug. 18, 2026, which is 76% below its 10-year median of 2.67. GuruFocus rates AYAAY with a GF Score™ of 73/100 and a GF Value™ of $6.83 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,400 Real Estate companies, Ayala Land ranks worse than 57.64% on this metric.

As of today (2026-08-18), Ayala Land's current share price is $4.03. Ayala Land's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $6.25. Ayala Land's Cyclically Adjusted PB Ratio for today is 0.64.

The historical rank and industry rank for Ayala Land's Cyclically Adjusted PB Ratio or its related term are showing as below:

AYAAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 2.67   Max: 6.74
Current: 0.82

During the past years, Ayala Land's highest Cyclically Adjusted PB Ratio was 6.74. The lowest was 0.71. And the median was 2.67.

AYAAY's Cyclically Adjusted PB Ratio is ranked worse than
57.64% of 1400 companies
in the Real Estate industry
Industry Median: 0.69 vs AYAAY: 0.82

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.

Ayala Land's adjusted book value per share data for the three months ended in Jun. 2026 was $7.582. 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 $6.25 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ayala Land  (OTCPK:AYAAY) 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.


Ayala Land Cyclically Adjusted PB Ratio Related Terms


Ayala Land Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ayala Land'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.

Ayala Land Cyclically Adjusted PB Ratio Chart

Ayala Land Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.17 2.32 2.35 1.63 1.29

Ayala Land Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.60 1.41 1.29 0.89 0.80

Ayala Land Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Ayala Land'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.


Ayala Land Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ayala Land's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


AYAAY
73GF Score
Ayala Land Inc AYAAY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ayala Land 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.

Ayala Land's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.03/6.25
=0.64

* 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.

Ayala Land's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ayala Land'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)
=7.582/333.9520*333.9520
=7.582

Current CPI (Jun. 2026) = 333.9520.

Ayala Land Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.115 241.428 4.309
201612 3.222 241.432 4.457
201703 3.297 243.801 4.516
201706 3.414 244.955 4.654
201709 3.465 246.819 4.688
201712 3.639 246.524 4.930
201803 3.443 249.554 4.607
201806 3.615 251.989 4.791
201809 3.861 252.439 5.108
201812 4.088 251.233 5.434
201903 4.185 254.202 5.498
201906 4.362 256.143 5.687
201909 4.503 256.759 5.857
201912 4.614 256.974 5.996
202003 4.626 258.115 5.985
202006 4.624 257.797 5.990
202009 4.825 260.280 6.191
202012 4.864 260.474 6.236
202103 4.916 264.877 6.198
202106 4.994 271.696 6.138
202109 5.079 274.310 6.183
202112 5.086 278.802 6.092
202203 5.106 287.504 5.931
202206 5.261 296.311 5.929
202209 5.368 296.808 6.040
202212 5.487 296.797 6.174
202303 5.624 301.836 6.222
202306 5.744 305.109 6.287
202309 5.892 307.789 6.393
202312 5.935 306.746 6.461
202403 6.077 312.332 6.498
202406 6.253 314.175 6.647
202409 6.476 315.301 6.859
202412 6.595 315.605 6.978
202503 6.649 319.799 6.943
202506 6.755 322.561 6.994
202509 6.915 324.800 7.110
202512 7.368 324.054 7.593
202603 7.390 330.213 7.474
202606 7.582 333.952 7.582

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.

What does a Cyclically Adjusted PB Ratio of 0.64 mean?
Ayala Land (AYAAY) has a Cyclically Adjusted PB Ratio of 0.64 as of Aug. 18, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ayala Land and its competitors. This is 76% below median its historical median of 2.67. Over the past decade, Ayala Land's Cyclically Adjusted PB Ratio has ranged from 0.71 to 6.74. According to the industry distribution chart, Ayala Land ranks #807 out of 1400 companies in the Real Estate industry, placing it in the top 57.6%.
Is Ayala Land's Cyclically Adjusted PB Ratio too high?
Ayala Land's current Cyclically Adjusted PB Ratio of 0.64 is 76% below median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 6.74. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Ayala Land's value of 0.64 is 7.2% below this industry median. Based on the distribution chart, Ayala Land ranks #807 out of 1400 companies in the Real Estate industry, which is below the industry midpoint. Overall, Ayala Land has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ayala Land's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Ayala Land ranks #807 out of 1400 companies for Cyclically Adjusted PB Ratio. This places Ayala Land in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Ayala Land's value of 0.64 is 7.2% below this benchmark. Historically, Ayala Land's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 6.74 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 0.69, Ayala Land has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.69, based on 1,400 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ayala Land's current Cyclically Adjusted PB Ratio of 0.64 is 7.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ayala Land and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayala Land's current Cyclically Adjusted PB Ratio is 0.64, which is 76% below median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayala Land stock overvalued right now?
Based on GuruFocus' analysis, Ayala Land (AYAAY) is currently considered Possible Value Trap. The stock's GF Value™ is $6.83, compared to a current price of $4.03 — trading 41% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is 76% below median its 10-year median of 2.67 and 7.2% below the Real Estate industry median of 0.69. Ayala Land's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ayala Land (AYAAY), the current Cyclically Adjusted PB Ratio is 0.64 as of Aug. 18, 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 Ayala Land (AYAAY) Overvalued in 2026?

Based on GuruFocus' analysis, Ayala Land stock appears to be undervalued. The current stock price of $4.03 is trading 41% below its estimated GF Value™ of $6.83. GuruFocus considers Ayala Land to be Possible Value Trap.

Key valuation signals for AYAAY:

  • Cyclically Adjusted PB Ratio: 0.64 (76% below median its 10-year median of 2.67)
  • GF Value™: $6.83 vs. price of $4.03 (41% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 7.2% below the Real Estate median (#807 of 1400)

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


Ayala Land Business Description

Other Exchanges AYAAF:USAALI:Philippines
Address Ayala Triangle, Ayala Avenue, 31st Floor, Tower One and Exchange Plaza, Makati City, PHL, 1226
Ayala Land Inc is engaged in land acquisition, planning, and development of large scale, integrated, mixed use and sustainable estates, industrial estates, development and sale of residential and office condominiums, house and lots, and commercial and industrial lots, development and lease of shopping centers and offices, co working spaces and standard factory buildings and warehouses, and the development, management and operation of hotels and resorts and co living spaces. The Company is also engaged in construction, property management and retail electricity supply. Its segments include Property development, which generates maximum revenue, International, Shopping centers, Offices, Industrial Real Estate, Hotels and resorts, Construction, and Property management and others.
73GF Score

Get the complete analysis for AYAAY

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

$4.03
Price
$6.83
GF Value