Bank of the Philippine Islands (FRA:XK5) Cyclically Adjusted PB Ratio: (As of Sep. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:XK5 Bank of the Philippine Islands FRA:XK5
80 GF Score
Price €29.64
GF Value €43.31
! 3 Warning Signs
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What is Bank of the Philippine Islands Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of the Philippine Islands  (FRA:XK5) 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


Bank of the Philippine Islands Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Bank of the Philippine Islands Cyclically Adjusted PB Ratio Chart

Bank of the Philippine Islands 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 1.86 1.81 1.81 1.94 1.69

Bank of the Philippine Islands 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 1.96 1.70 1.69 1.41 1.32

FRA:XK5 vs : Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


FRA:XK5
80GF Score
Bank of the Philippine Islands FRA:XK5
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bank of the Philippine Islands'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)
=91.11/333.9520*333.9520
=91.110

Current CPI (Jun. 2026) = 333.9520.

Bank of the Philippine Islands Quarterly Data

Book Value per Share CPI Adj_Book
201609 37.531 241.428 51.914
201612 37.434 241.432 51.779
201703 38.934 243.801 53.331
201706 39.303 244.955 53.583
201709 40.564 246.819 54.884
201712 40.935 246.524 55.452
201803 42.894 249.554 57.401
201806 48.857 251.989 64.748
201809 50.128 252.439 66.314
201812 50.656 251.233 67.335
201903 52.354 254.202 68.779
201906 52.918 256.143 68.993
201909 54.542 256.759 70.940
201912 54.892 256.974 71.335
202003 55.453 258.115 71.746
202006 56.695 257.797 73.443
202009 57.637 260.280 73.951
202012 56.904 260.474 72.956
202103 57.094 264.877 71.983
202106 58.127 271.696 71.446
202109 59.338 274.310 72.240
202112 59.593 278.802 71.381
202203 61.000 287.504 70.855
202206 61.833 296.311 69.688
202209 63.724 296.808 71.699
202212 64.608 296.797 72.696
202303 73.192 301.836 80.980
202306 67.956 305.109 74.380
202309 70.698 307.789 76.708
202312 72.233 306.746 78.640
202403 76.642 312.332 81.947
202406 77.110 314.175 81.964
202409 82.195 315.301 87.057
202412 81.650 315.605 86.397
202503 85.096 319.799 88.862
202506 85.820 322.561 88.851
202509 89.851 324.800 92.383
202512 90.191 324.054 92.946
202603 90.741 330.213 91.768
202606 91.110 333.952 91.110

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 Bank of the Philippine Islands (FRA:XK5) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of the Philippine Islands stock appears to be undervalued. The current stock price of €29.64 is trading 31.6% below its estimated GF Value™ of €43.31.

Key valuation signals for FRA:XK5:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €43.31 vs. price of €29.64 (31.6% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the FRA:XK5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of the Philippine Islands Business Description

Comparable Companies
Other Exchanges BPHLY:USABPI:Philippines
Address Paseo de Roxas Corner Makati Avenue, 22nd Floor - 28th Floor, Tower 2, Ayala Triangle Gardens, Bel-Air, Makati City, PHL, 1226
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. The services of the company include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. It has three business segments: Consumer banking, Corporate banking, and Investment banking. It derives maximum revenue from the Consumer Banking Segment.
80GF Score

Get the complete analysis for FRA:XK5

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

€29.64
Price
€43.31
GF Value