BKHYY (Bank Hapoalim BM) Cyclically Adjusted PB Ratio: 1.92 (As of Aug. 15, 2026) — 86% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BKHYY Bank Hapoalim BM BKHYY
70 GF Score
Price $130.65
GF Value $92.16
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bank Hapoalim BM Cyclically Adjusted PB Ratio?

Bank Hapoalim BM BKHYY +0.03% 70 Cyclically Adjusted PB Ratio is 1.92 as of Aug. 15, 2026, which is 86% above its 10-year median of 1.03. GuruFocus rates BKHYY with a GF Score™ of 70/100 and a GF Value™ of $92.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,286 Banks companies, Bank Hapoalim BM ranks worse than 76.52% on this metric.

As of today (2026-08-15), Bank Hapoalim BM's current share price is $130.65. Bank Hapoalim BM's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $68.13. Bank Hapoalim BM's Cyclically Adjusted PB Ratio for today is 1.92.

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

BKHYY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.03   Max: 2.16
Current: 1.93

During the past years, Bank Hapoalim BM's highest Cyclically Adjusted PB Ratio was 2.16. The lowest was 0.70. And the median was 1.03.

BKHYY's Cyclically Adjusted PB Ratio is ranked worse than
76.52% of 1286 companies
in the Banks industry
Industry Median: 1.29 vs BKHYY: 1.93

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.

Bank Hapoalim BM's adjusted book value per share data for the three months ended in Jun. 2026 was $86.863. 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 $68.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Hapoalim BM  (OTCPK:BKHYY) 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.


Bank Hapoalim BM Cyclically Adjusted PB Ratio Related Terms


Bank Hapoalim BM Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank Hapoalim BM'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.

Bank Hapoalim BM Cyclically Adjusted PB Ratio Chart

Bank Hapoalim BM 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 1.10 1.00 0.97 1.22 1.88

Bank Hapoalim BM 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 1.73 1.77 1.88 1.86 1.70

BKHYY vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Bank Hapoalim BM'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.


Bank Hapoalim BM Cyclically Adjusted PB Ratio vs Banks Industry

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

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


BKHYY
70GF Score
Bank Hapoalim BM BKHYY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank Hapoalim BM 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.

Bank Hapoalim BM's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=130.65/68.13
=1.92

* 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.

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

For example, Bank Hapoalim BM'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)
=86.863/333.9520*333.9520
=86.863

Current CPI (Jun. 2026) = 333.9520.

Bank Hapoalim BM Quarterly Data

Book Value per Share CPI Adj_Book
201609 43.361 241.428 59.979
201612 43.198 241.432 59.752
201703 44.292 243.801 60.670
201706 44.999 244.955 61.348
201709 45.174 246.819 61.122
201712 45.519 246.524 61.662
201803 45.799 249.554 61.288
201806 46.501 251.989 61.626
201809 47.717 252.439 63.125
201812 47.630 251.233 63.312
201903 48.785 254.202 64.090
201906 50.060 256.143 65.267
201909 49.699 256.759 64.641
201912 48.385 256.974 62.879
202003 47.681 258.115 61.690
202006 48.159 257.797 62.385
202009 49.359 260.280 63.330
202012 50.501 260.474 64.747
202103 51.719 264.877 65.206
202106 53.571 271.696 65.846
202109 54.081 274.310 65.840
202112 54.104 278.802 64.806
202203 54.729 287.504 63.571
202206 55.964 296.311 63.073
202209 57.041 296.808 64.179
202212 58.856 296.797 66.224
202303 60.921 301.836 67.403
202306 62.430 305.109 68.332
202309 63.582 307.789 68.987
202312 66.338 306.746 72.222
202403 68.384 312.332 73.118
202406 70.213 314.175 74.633
202409 72.674 315.301 76.973
202412 74.216 315.605 78.530
202503 77.092 319.799 80.504
202506 79.838 322.561 82.657
202509 81.933 324.800 84.242
202512 83.317 324.054 85.862
202603 84.588 330.213 85.546
202606 86.863 333.952 86.863

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 1.92 mean?
Bank Hapoalim BM (BKHYY) has a Cyclically Adjusted PB Ratio of 1.92 as of Aug. 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 Bank Hapoalim BM and its competitors. This is 86% above median its historical median of 1.03. Over the past decade, Bank Hapoalim BM's Cyclically Adjusted PB Ratio has ranged from 0.70 to 2.16. According to the industry distribution chart, Bank Hapoalim BM ranks #984 out of 1286 companies in the Banks industry, placing it in the top 76.5%.
Is Bank Hapoalim BM's Cyclically Adjusted PB Ratio too high?
Bank Hapoalim BM's current Cyclically Adjusted PB Ratio of 1.92 is 86% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 2.16. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Bank Hapoalim BM's value of 1.92 is 48.8% above this industry median. Based on the distribution chart, Bank Hapoalim BM ranks #984 out of 1286 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Bank Hapoalim BM has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank Hapoalim BM's Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Bank Hapoalim BM ranks #984 out of 1286 companies for Cyclically Adjusted PB Ratio. This places Bank Hapoalim BM in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Bank Hapoalim BM's value of 1.92 is 48.8% above this benchmark. Historically, Bank Hapoalim BM's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 2.16 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.29, Bank Hapoalim BM 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,286 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. Bank Hapoalim BM's current Cyclically Adjusted PB Ratio of 1.92 is 48.8% 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 Bank Hapoalim BM and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank Hapoalim BM's current Cyclically Adjusted PB Ratio is 1.92, which is 86% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Hapoalim BM stock overvalued right now?
Based on GuruFocus' analysis, Bank Hapoalim BM (BKHYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $92.16, compared to a current price of $130.65 — trading 41.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.92, which is 86% above median its 10-year median of 1.03 and 48.8% above the Banks industry median of 1.29. Bank Hapoalim BM's overall GF Score™ is 70/100 with 5 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 Bank Hapoalim BM (BKHYY), the current Cyclically Adjusted PB Ratio is 1.92 as of Aug. 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 Bank Hapoalim BM (BKHYY) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Hapoalim BM stock appears to be overvalued. The current stock price of $130.65 is trading 41.8% above its estimated GF Value™ of $92.16. GuruFocus considers Bank Hapoalim BM to be Significantly Overvalued.

Key valuation signals for BKHYY:

  • Cyclically Adjusted PB Ratio: 1.92 (86% above median its 10-year median of 1.03)
  • GF Value™: $92.16 vs. price of $130.65 (41.8% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 48.8% above the Banks median (#984 of 1286)

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


Bank Hapoalim BM Business Description

Other Exchanges BKHPF:USAPOLI:Israel
Address 50 Rothschild Boulevard, Tel Aviv, ISR, 63432
Bank Hapoalim BM operates as a financial institution offering full commercial banking services. Its services include Treasury Management, Liquidity Services, Financing Services, and Industry Knowledge.
70GF Score

Get the complete analysis for BKHYY

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

$130.65
Price
$92.16
GF Value