Credicorp (FRA:D8V) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:D8V Credicorp Ltd FRA:D8V
78 GF Score
Price €332.00
GF Value €194.79
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Credicorp Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Credicorp  (FRA:D8V) 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.


Credicorp Cyclically Adjusted PB Ratio Related Terms


Credicorp Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Credicorp'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.

Credicorp Cyclically Adjusted PB Ratio Chart

Credicorp 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 1.41 1.49 1.52 1.78 2.37

Credicorp 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 1.95 2.29 2.45 2.82 3.15

FRA:D8V vs CFG, RF, FCNCA: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Credicorp'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.


Credicorp Cyclically Adjusted PB Ratio vs Banks Industry

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

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


FRA:D8V
78GF Score
Credicorp Ltd FRA:D8V
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Credicorp 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.

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

For example, Credicorp'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)
=125.332/333.9520*333.9520
=125.332

Current CPI (Jun. 2026) = 333.9520.

Credicorp Quarterly Data

Book Value per Share CPI Adj_Book
201609 241.428 0.000
201612 71.582 241.432 99.013
201703 72.856 243.801 99.796
201706 72.216 244.955 98.454
201709 73.111 246.819 98.921
201712 71.955 246.524 97.473
201803 69.144 249.554 92.528
201806 73.380 251.989 97.248
201809 76.950 252.439 101.797
201812 79.033 251.233 105.055
201903 81.339 254.202 106.857
201906 86.208 256.143 112.396
201909 90.203 256.759 117.322
201912 90.507 256.974 117.619
202003 79.184 258.115 102.449
202006 75.723 257.797 98.092
202009 71.856 260.280 92.195
202012 72.346 260.474 92.754
202103 71.164 264.877 89.722
202106 70.772 271.696 86.989
202109 67.463 274.310 82.131
202112 74.909 278.802 89.727
202203 83.364 287.504 96.832
202206 84.553 296.311 95.294
202209 89.309 296.808 100.486
202212 91.429 296.797 102.875
202303 95.232 301.836 105.365
202306 97.387 305.109 106.593
202309 99.927 307.789 108.421
202312 101.822 306.746 110.853
202403 107.836 312.332 115.301
202406 101.267 314.175 107.642
202409 103.345 315.301 109.458
202412 113.185 315.605 119.765
202503 115.982 319.799 121.115
202506 106.095 322.561 109.842
202509 115.271 324.800 118.519
202512 124.734 324.054 128.544
202603 127.215 330.213 128.655
202606 125.332 333.952 125.332

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.

Is Credicorp (FRA:D8V) Overvalued in 2026?

Based on GuruFocus' analysis, Credicorp stock appears to be overvalued. The current stock price of €332.00 is trading 70.4% above its estimated GF Value™ of €194.79. GuruFocus considers Credicorp to be Significantly Overvalued.

Key valuation signals for FRA:D8V:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €194.79 vs. price of €332.00 (70.4% above fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the FRA:D8V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Credicorp Business Description

Address Calle Centenario 156, La Molina, Lima, PER, 15026
Credicorp Ltd is a Peruvian financial services company. The company operates in four business lines, including Universal Banking, Insurance and Retirement, Microfinance, and Investment Banking and Asset Management. Its subsidiaries include Banco de Credito del Peru, Prima AFP, Credicorp Capital, and others. Geographically, the company operates in Peru, Colombia, Bolivia, Chile, Panama, the USA, and Mexico; the majority of its revenue is generated from Peru.
78GF Score

Get the complete analysis for FRA:D8V

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

€332.00
Price
€194.79
GF Value