Grupo Bolivar (BOG:GRUBOLIVAR) Cyclically Adjusted PB Ratio: 0.60 (As of Aug. 13, 2026)

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BOG:GRUBOLIVAR Grupo Bolivar SA BOG:GRUBOLIVAR
12 GF Score
Price COP79,600.00
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What is Grupo Bolivar Cyclically Adjusted PB Ratio?

Grupo Bolivar BOG:GRUBOLIVAR +1.17% 12 Cyclically Adjusted PB Ratio is 0.60 as of Aug. 13, 2026. GuruFocus rates BOG:GRUBOLIVAR with a GF Score™ of 12/100.

As of today (2026-08-13), Grupo Bolivar's current share price is COP79600.00. Grupo Bolivar's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was COP133,229.47. Grupo Bolivar's Cyclically Adjusted PB Ratio for today is 0.60.

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

BOG:GRUBOLIVAR's Cyclically Adjusted PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.87
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Grupo Bolivar's adjusted book value per share data for the three months ended in Mar. 2024 was COP149,569.684. 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 COP133,229.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grupo Bolivar  (BOG:GRUBOLIVAR) 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.


Grupo Bolivar Cyclically Adjusted PB Ratio Related Terms


Grupo Bolivar Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Grupo Bolivar'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.

Grupo Bolivar Cyclically Adjusted PB Ratio Chart

Grupo Bolivar Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Grupo Bolivar Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.00 0.00 0.00 0.00 0.49

BOG:GRUBOLIVAR vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Grupo Bolivar'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.


Grupo Bolivar Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Grupo Bolivar's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BOG:GRUBOLIVAR
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Grupo Bolivar SA BOG:GRUBOLIVAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupo Bolivar 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.

Grupo Bolivar's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=79600.00/133229.47
=0.60

* 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.

Grupo Bolivar's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Grupo Bolivar's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=149569.684/312.3320*312.3320
=149,569.684

Current CPI (Mar. 2024) = 312.3320.

Grupo Bolivar Quarterly Data

Book Value per Share CPI Adj_Book
200612 44,087.674 201.800 68,235.834
200712 63,376.951 210.036 94,244.081
200812 100,712.237 210.228 149,626.379
200912 25,586.472 215.949 37,006.302
201012 33,584.822 219.179 47,858.666
201112 41,713.921 225.672 57,732.427
201212 47,771.624 229.601 64,984.939
201312 52,949.188 233.049 70,962.440
201412 101,079.356 234.812 134,449.336
201512 76,407.825 236.525 100,896.771
201606 0.000 241.018 0.000
201612 90,005.878 241.432 116,437.406
201703 0.000 243.801 0.000
201706 96,638.731 244.955 123,220.053
201712 103,437.613 246.524 131,049.620
201803 100,981.195 249.554 126,384.104
201806 105,535.410 251.989 130,807.637
201809 0.000 252.439 0.000
201812 114,356.691 251.233 142,167.844
201903 0.000 254.202 0.000
201906 120,357.805 256.143 146,760.185
201909 126,831.566 256.759 154,283.031
201912 129,254.872 256.974 157,099.289
202003 129,830.844 258.115 157,101.785
202006 130,611.220 257.797 158,241.033
202009 135,566.304 260.280 162,677.481
202012 135,417.121 260.474 162,377.436
202103 133,697.711 264.877 157,650.810
202106 136,291.118 271.696 156,675.393
202109 141,782.759 274.310 161,435.211
202112 149,144.301 278.802 167,081.075
202203 145,741.306 287.504 158,327.097
202206 147,684.561 296.311 155,669.598
202209 156,950.742 296.808 165,159.764
202212 160,296.461 296.797 168,686.726
202303 165,611.609 301.836 171,370.562
202306 162,245.938 305.109 166,086.868
202309 157,590.365 307.789 159,916.416
202312 161,093.936 306.746 164,027.538
202403 149,569.684 312.332 149,569.684

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 0.60 mean?
Grupo Bolivar (BOG:GRUBOLIVAR) has a Cyclically Adjusted PB Ratio of 0.60 as of Aug. 13, 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 Grupo Bolivar and its competitors.
Is Grupo Bolivar's Cyclically Adjusted PB Ratio too high?
Grupo Bolivar's current Cyclically Adjusted PB Ratio is 0.60. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.87. Grupo Bolivar's value of 0.60 is 31% below this industry median. Overall, Grupo Bolivar has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Grupo Bolivar's Cyclically Adjusted PB Ratio compare to BLK and BX?
Grupo Bolivar's Cyclically Adjusted PB Ratio of 0.60 can be compared against companies in the Asset Management industry. The industry median Cyclically Adjusted PB Ratio is 0.87. Grupo Bolivar's value of 0.60 is 31% below this benchmark. 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.87, based on 1,012 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. Grupo Bolivar's current Cyclically Adjusted PB Ratio of 0.60 is 31% 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 Grupo Bolivar and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Bolivar's current Cyclically Adjusted PB Ratio is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Bolivar stock overvalued right now?
Grupo Bolivar (BOG:GRUBOLIVAR) has a current Cyclically Adjusted PB Ratio of 0.60. The current Cyclically Adjusted PB Ratio is 0.60 and 31% below the Asset Management industry median of 0.87. Grupo Bolivar's overall GF Score™ is 12/100. 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 Grupo Bolivar (BOG:GRUBOLIVAR), the current Cyclically Adjusted PB Ratio is 0.60 as of Aug. 13, 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.

Grupo Bolivar Business Description

Address Carrera 10 No 16-39, Piso 2, Bogota, COL
Grupo Bolivar SA purpose is the investment of its funds or cash in movable and immovable property for rental and appreciation purposes and, in particular, the formation, administration and management of its own investment portfolio, consisting of shares, equity interests and interest in commercial or civil companies, participation or investment certificates, bonds issued by public or private entities and other securities with credit content or participation freely circulating in the market, bonds or other debt documents; trademarks, patents or other forms of industrial property. The group segment consists of Davivienda Bank, Bolivar Insurance, Construction and Hotel Services, and Other Activities.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

COP79,600.00
Price