Ayala (AYYLF) Cyclically Adjusted PB Ratio: 1.09 (As of Sep. 15, 2026) — 52% Below Median

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AYYLF Ayala Corp AYYLF
78 GF Score
Price $8.10
GF Value $10.01
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Ayala Cyclically Adjusted PB Ratio?

Ayala AYYLF 78 Cyclically Adjusted PB Ratio is 1.09 as of Sep. 15, 2026, which is 52% below its 10-year median of 2.28. GuruFocus rates AYYLF with a GF Score™ of 78/100 and a GF Value™ of $10.01 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 421 Conglomerates companies, Ayala ranks worse than 50.12% on this metric.

As of today (2026-09-15), Ayala's current share price is $8.10. Ayala's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $7.41. Ayala's Cyclically Adjusted PB Ratio for today is 1.09.

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

AYYLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 2.28   Max: 5.01
Current: 1.01

During the past years, Ayala's highest Cyclically Adjusted PB Ratio was 5.01. The lowest was 0.85. And the median was 2.28.

AYYLF's Cyclically Adjusted PB Ratio is ranked worse than
50.12% of 421 companies
in the Conglomerates industry
Industry Median: 1.01 vs AYYLF: 1.01

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's adjusted book value per share data for the three months ended in Jun. 2026 was $13.489. 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 $7.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ayala  (OTCPK:AYYLF) 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 Cyclically Adjusted PB Ratio Related Terms


Ayala Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ayala'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 Cyclically Adjusted PB Ratio Chart

Ayala 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 2.74 2.15 1.98 1.56 1.08

Ayala 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 1.40 1.15 1.08 1.11 0.88

AYYLF vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Ayala'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 Cyclically Adjusted PB Ratio vs Conglomerates Industry

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

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


AYYLF
78GF Score
Ayala Corp AYYLF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ayala 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's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.10/7.41
=1.09

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

For example, Ayala'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)
=13.489/333.9520*333.9520
=13.489

Current CPI (Jun. 2026) = 333.9520.

Ayala Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.454 241.428 4.778
201612 3.492 241.432 4.830
201703 3.605 243.801 4.938
201706 3.713 244.955 5.062
201709 3.844 246.819 5.201
201712 3.885 246.524 5.263
201803 3.948 249.554 5.283
201806 4.046 251.989 5.362
201809 4.337 252.439 5.737
201812 4.379 251.233 5.821
201903 4.604 254.202 6.048
201906 5.140 256.143 6.701
201909 5.214 256.759 6.782
201912 4.988 256.974 6.482
202003 5.049 258.115 6.532
202006 4.998 257.797 6.474
202009 5.108 260.280 6.554
202012 5.145 260.474 6.596
202103 5.259 264.877 6.630
202106 5.331 271.696 6.553
202109 5.416 274.310 6.594
202112 5.552 278.802 6.650
202203 5.641 287.504 6.552
202206 5.587 296.311 6.297
202209 5.624 296.808 6.328
202212 5.623 296.797 6.327
202303 5.747 301.836 6.358
202306 6.028 305.109 6.598
202309 6.217 307.789 6.745
202312 6.079 306.746 6.618
202403 6.345 312.332 6.784
202406 10.576 314.175 11.242
202409 10.921 315.301 11.567
202412 11.033 315.605 11.674
202503 11.243 319.799 11.741
202506 12.014 322.561 12.438
202509 12.623 324.800 12.979
202512 12.956 324.054 13.352
202603 13.179 330.213 13.328
202606 13.489 333.952 13.489

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 1.09 mean?
Ayala (AYYLF) has a Cyclically Adjusted PB Ratio of 1.09 as of Sep. 15, 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 and its competitors. This is 52% below median its historical median of 2.28. Over the past decade, Ayala's Cyclically Adjusted PB Ratio has ranged from 0.85 to 5.01. According to the industry distribution chart, Ayala ranks #211 out of 421 companies in the Conglomerates industry, placing it in the top 50.1%.
Is Ayala's Cyclically Adjusted PB Ratio too high?
Ayala's current Cyclically Adjusted PB Ratio of 1.09 is 52% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 5.01. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.01. Ayala's value of 1.09 is 7.9% above this industry median. Based on the distribution chart, Ayala ranks #211 out of 421 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Ayala has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ayala's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Ayala ranks #211 out of 421 companies for Cyclically Adjusted PB Ratio. This places Ayala in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.01. Ayala's value of 1.09 is 7.9% above this benchmark. Historically, Ayala's own Cyclically Adjusted PB Ratio has ranged from 0.85 to 5.01 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.01, Ayala has consistently been above 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.01, based on 421 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's current Cyclically Adjusted PB Ratio of 1.09 is 7.9% above 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 and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayala's current Cyclically Adjusted PB Ratio is 1.09, which is 52% below median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayala stock overvalued right now?
Based on GuruFocus' analysis, Ayala (AYYLF) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.01, compared to a current price of $8.10 — trading 19.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.09, which is 52% below median its 10-year median of 2.28 and 7.9% above the Conglomerates industry median of 1.01. Ayala's overall GF Score™ is 78/100 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 (AYYLF), the current Cyclically Adjusted PB Ratio is 1.09 as of Sep. 15, 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 (AYYLF) Overvalued in 2026?

Based on GuruFocus' analysis, Ayala stock appears to be undervalued. The current stock price of $8.10 is trading 19.1% below its estimated GF Value™ of $10.01. GuruFocus considers Ayala to be Modestly Undervalued.

Key valuation signals for AYYLF:

  • Cyclically Adjusted PB Ratio: 1.09 (52% below median its 10-year median of 2.28)
  • GF Value™: $10.01 vs. price of $8.10 (19.1% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 7.9% above the Conglomerates median (#211 of 421)

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


Ayala Business Description

Other Exchanges AYALY:USAAC:Philippines
Address Paseo de Roxas corner, Makati Avenue, 37th Floor to 39th Floor, Ayala Triangle Gardens Tower 2, Makati, PHL, 1226
Ayala Corporation is a general real estate company. The group is organized into a variety of business units. Ayala's real estate business is predominantly conducted through its subsidiary, Ayala Land, Inc. Its involvement in financial services is through an affiliate, the Bank of the Philippine Islands. The group's business has the following main segments: Parent Company; Real estate and hotels; Financial services and insurance; Telecommunications; Industrial Technologies; Power Generation; and Automotive and Others. It derives maximum revenue from Real Estate and hotels segment. The group geographically, operates in Philippines, Europe, Asia, and USA, of which it derives maximum revenue from Philippines.
78GF Score

Get the complete analysis for AYYLF

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

$8.10
Price
$10.01
GF Value