BLX (Bladex) Cyclically Adjusted PB Ratio: 1.70 (As of Jul. 19, 2026) — 100% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

BLX Bladex Inc BLX
73 GF Score
Price $59.25
GF Value $43.18
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Bladex Cyclically Adjusted PB Ratio?

Bladex BLX -1.15% 73 Cyclically Adjusted PB Ratio is 1.70 as of Jul. 19, 2026, which is 100% above its 10-year median of 0.85. GuruFocus rates BLX with a GF Score™ of 73/100 and a GF Value™ of $43.18 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,298 Banks companies, Bladex ranks worse than 71.34% on this metric.

As of today (2026-07-19), Bladex's current share price is $59.25. Bladex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $34.94. Bladex's Cyclically Adjusted PB Ratio for today is 1.70.

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

BLX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.85   Max: 1.78
Current: 1.7

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

BLX's Cyclically Adjusted PB Ratio is ranked worse than
71.34% of 1298 companies
in the Banks industry
Industry Median: 1.27 vs BLX: 1.70

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 adjusted book value per share data for the three months ended in Mar. 2026 was $45.503. 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 $34.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bladex  (NYSE:BLX) 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.


Bladex Cyclically Adjusted PB Ratio Related Terms


Bladex Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bladex'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.

Bladex Cyclically Adjusted PB Ratio Chart

Bladex 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 0.59 0.54 0.80 1.10 1.31

Bladex Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.11 1.21 1.36 1.31 1.46

BLX vs HAPN, BANR, MBIN: Cyclically Adjusted PB Ratio 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.


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

Bladex 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.25/34.94
=1.70

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

For example, Bladex'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)
=45.503/330.2130*330.2130
=45.503

Current CPI (Mar. 2026) = 330.2130.

Bladex Quarterly Data

Book Value per Share CPI Adj_Book
201606 25.380 241.018 34.773
201609 25.814 241.428 35.307
201612 25.825 241.432 35.322
201703 25.975 243.801 35.181
201706 26.018 244.955 35.074
201709 26.210 246.819 35.066
201712 26.448 246.524 35.426
201803 26.469 249.554 35.024
201806 26.424 251.989 34.627
201809 25.012 252.439 32.718
201812 25.129 251.233 33.029
201903 25.211 254.202 32.750
201906 25.315 256.143 32.635
201909 25.481 256.759 32.771
201912 25.659 256.974 32.972
202003 25.710 258.115 32.891
202006 25.758 257.797 32.994
202009 25.855 260.280 32.802
202012 26.159 260.474 33.163
202103 26.111 264.877 32.552
202106 26.186 271.696 31.826
202109 26.639 274.310 32.068
202112 27.374 278.802 32.422
202203 27.698 287.504 31.813
202206 28.035 296.311 31.243
202209 28.876 296.808 32.126
202212 29.438 296.797 32.752
202303 30.058 301.836 32.884
202306 30.883 305.109 33.424
202309 31.773 307.789 34.088
202312 32.945 306.746 35.465
202403 33.706 312.332 35.636
202406 34.349 314.175 36.102
202409 35.606 315.301 37.290
202412 36.346 315.605 38.028
202503 36.892 319.799 38.093
202506 38.019 322.561 38.921
202509 44.223 324.800 44.960
202512 45.091 324.054 45.948
202603 45.503 330.213 45.503

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 1.70 mean?
Bladex (BLX) has a Cyclically Adjusted PB Ratio of 1.70 as of Jul. 19, 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 Bladex and its competitors. This is 100% above median its historical median of 0.85. Over the past decade, Bladex's Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.78. According to the industry distribution chart, Bladex ranks #926 out of 1298 companies in the Banks industry, placing it in the top 71.3%.
Is Bladex's Cyclically Adjusted PB Ratio too high?
Bladex's current Cyclically Adjusted PB Ratio of 1.70 is 100% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.78. The Banks industry median Cyclically Adjusted PB Ratio is 1.27. Bladex's value of 1.70 is 33.9% above this industry median. Based on the distribution chart, Bladex ranks #926 out of 1298 companies in the Banks industry, which is below the industry midpoint. Overall, Bladex has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bladex's Cyclically Adjusted PB Ratio compare to HAPN and BANR?
According to the Banks industry distribution chart, Bladex ranks #926 out of 1298 companies for Cyclically Adjusted PB Ratio. This places Bladex in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Bladex's value of 1.70 is 33.9% above this benchmark. Historically, Bladex's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 1.78 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.27, Bladex 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 1.27, based on 1,298 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. Bladex's current Cyclically Adjusted PB Ratio of 1.70 is 33.9% 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 Bladex and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bladex's current Cyclically Adjusted PB Ratio is 1.70, which is 100% above median its own 10-year median of 0.85. 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 (BLX) is currently considered Significantly Overvalued. The stock's GF Value™ is $43.18, compared to a current price of $59.25 — trading 37.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is 100% above median its 10-year median of 0.85 and 33.9% above the Banks industry median of 1.27. Bladex's overall GF Score™ is 73/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Bladex (BLX), the current Cyclically Adjusted PB Ratio is 1.70 as of Jul. 19, 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 (BLX) Overvalued in 2026?

Based on GuruFocus' analysis, Bladex stock appears to be overvalued. The current stock price of $59.25 is trading 37.2% above its estimated GF Value™ of $43.18. GuruFocus considers Bladex to be Significantly Overvalued.

Key valuation signals for BLX:

  • Cyclically Adjusted PB Ratio: 1.70 (100% above median its 10-year median of 0.85)
  • GF Value™: $43.18 vs. price of $59.25 (37.2% above fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 33.9% above the Banks median (#926 of 1298)

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


Bladex Business Description

Other Exchanges BLX1N:MexicoD8Q: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.
73GF Score

Get the complete analysis for BLX

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

$59.25
Price
$43.18
GF Value