GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of the Philippine Islands (OTCPK:BPHLY) » Definitions » Cyclically Adjusted PB Ratio

Bank of the Philippine Islands (Bank of the Philippine Islands) Cyclically Adjusted PB Ratio : 2.19 (As of May. 05, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Bank of the Philippine Islands Cyclically Adjusted PB Ratio?

As of today (2024-05-05), Bank of the Philippine Islands's current share price is $44.00. Bank of the Philippine Islands's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.13. Bank of the Philippine Islands's Cyclically Adjusted PB Ratio for today is 2.19.

The historical rank and industry rank for Bank of the Philippine Islands's Cyclically Adjusted PB Ratio or its related term are showing as below:

BPHLY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 1.96   Max: 3.81
Current: 2.2

During the past years, Bank of the Philippine Islands's highest Cyclically Adjusted PB Ratio was 3.81. The lowest was 1.40. And the median was 1.96.

BPHLY's Cyclically Adjusted PB Ratio is ranked worse than
88.94% of 1184 companies
in the Banks industry
Industry Median: 0.93 vs BPHLY: 2.20

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 of the Philippine Islands's adjusted book value per share data for the three months ended in Dec. 2023 was $25.317. 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 $20.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of the Philippine Islands Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bank of the Philippine Islands'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.

* Premium members only.

Bank of the Philippine Islands Cyclically Adjusted PB Ratio Chart

Bank of the Philippine Islands 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 2.23 1.90 1.86 1.81 1.81

Bank of the Philippine Islands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.81 1.91 1.97 1.98 1.81

Competitive Comparison of Bank of the Philippine Islands's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Bank of the Philippine Islands'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 of the Philippine Islands's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Bank of the Philippine Islands's Cyclically Adjusted PB Ratio falls into.



Bank of the Philippine Islands 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 of the Philippine Islands's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=44.00/20.13
=2.19

* 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 of the Philippine Islands's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bank of the Philippine Islands's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=25.317/129.4194*129.4194
=25.317

Current CPI (Dec. 2023) = 129.4194.

Bank of the Philippine Islands Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.452 99.695 13.568
201406 10.546 100.560 13.573
201409 10.955 100.428 14.118
201412 11.460 99.070 14.971
201503 11.582 99.621 15.046
201506 11.907 100.684 15.305
201509 11.967 100.392 15.427
201512 11.955 99.792 15.504
201603 12.394 100.470 15.965
201606 12.775 101.688 16.259
201609 13.154 101.861 16.713
201612 13.120 101.863 16.669
201703 13.646 102.862 17.169
201706 13.775 103.349 17.250
201709 14.217 104.136 17.669
201712 14.347 104.011 17.852
201803 15.034 105.290 18.479
201806 17.124 106.317 20.845
201809 17.569 106.507 21.349
201812 17.754 105.998 21.677
201903 18.349 107.251 22.142
201906 18.547 108.070 22.211
201909 19.116 108.329 22.838
201912 19.239 108.420 22.965
202003 19.435 108.902 23.097
202006 19.871 108.767 23.644
202009 20.201 109.815 23.807
202012 19.944 109.897 23.487
202103 20.011 111.754 23.174
202106 20.373 114.631 23.001
202109 20.797 115.734 23.256
202112 20.887 117.630 22.980
202203 21.380 121.301 22.811
202206 21.672 125.017 22.435
202209 22.334 125.227 23.082
202212 22.644 125.222 23.403
202303 25.653 127.348 26.070
202306 23.817 128.729 23.945
202309 24.779 129.860 24.695
202312 25.317 129.419 25.317

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.


Bank of the Philippine Islands  (OTCPK:BPHLY) 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 of the Philippine Islands Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Bank of the Philippine Islands's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bank of the Philippine Islands (Bank of the Philippine Islands) Business Description

Traded in Other Exchanges
Address
Ayala Avenue Corner Salcedo Street, Ayala North Exchange Tower 1, Legaspi Village, Metro Manila, Makati City, PHL, 1229
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. The bank has a wide network and operates almost entirely in the Philippines with some exposure to Hong Kong and Europe. The bank's primary shareholder for decades has been the Ayala Corporation, a large Filipino conglomerate that holds about half of the bank's outstanding shares. It has also long been associated with the Catholic Church and its charities and endowments. Large corporate customers constitute the majority of the bank's loan portfolio.

Bank of the Philippine Islands (Bank of the Philippine Islands) Headlines