GBSMF (Ginebran Miguel) Cyclically Adjusted PB Ratio: 5.65 (As of Jul. 31, 2026) — 35% Above Median

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GBSMF Ginebra San Miguel Inc GBSMF
90 GF Score
Price $2.09
GF Value $2.35
! 1 Warning Sign
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What is Ginebran Miguel Cyclically Adjusted PB Ratio?

Ginebran Miguel GBSMF 90 Cyclically Adjusted PB Ratio is 5.65 as of Jul. 31, 2026, which is 35% above its 10-year median of 4.19. GuruFocus rates GBSMF with a GF Score™ of 90/100 and a GF Value™ of $2.35. The stock has 1 warning sign investors should review. Among 164 Beverages - Alcoholic companies, Ginebran Miguel ranks worse than 89.02% on this metric.

As of today (2026-07-31), Ginebran Miguel's current share price is $2.08972. Ginebran Miguel's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.37. Ginebran Miguel's Cyclically Adjusted PB Ratio for today is 5.65.

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

GBSMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 4.19   Max: 8.11
Current: 5.51

During the past years, Ginebran Miguel's highest Cyclically Adjusted PB Ratio was 8.11. The lowest was 0.79. And the median was 4.19.

GBSMF's Cyclically Adjusted PB Ratio is ranked worse than
89.02% of 164 companies
in the Beverages - Alcoholic industry
Industry Median: 1.425 vs GBSMF: 5.51

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.

Ginebran Miguel's adjusted book value per share data for the three months ended in Mar. 2026 was $1.547. 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 $0.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ginebran Miguel  (OTCPK:GBSMF) 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.


Ginebran Miguel Cyclically Adjusted PB Ratio Related Terms


Ginebran Miguel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ginebran Miguel'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.

Ginebran Miguel Cyclically Adjusted PB Ratio Chart

Ginebran Miguel 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 4.66 3.80 5.25 7.24 6.49

Ginebran Miguel 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 7.53 6.93 6.39 6.49 5.72

GBSMF vs BF.B: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Ginebran Miguel'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.


Ginebran Miguel Cyclically Adjusted PB Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ginebran Miguel's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


GBSMF
90GF Score
Ginebra San Miguel Inc GBSMF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ginebran Miguel 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.

Ginebran Miguel's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.08972/0.37
=5.65

* 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.

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

For example, Ginebran Miguel'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)
=1.547/330.2130*330.2130
=1.547

Current CPI (Mar. 2026) = 330.2130.

Ginebran Miguel Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.240 241.018 0.329
201609 0.247 241.428 0.338
201612 0.253 241.432 0.346
201703 0.259 243.801 0.351
201706 0.267 244.955 0.360
201709 0.278 246.819 0.372
201712 0.283 246.524 0.379
201803 0.299 249.554 0.396
201806 0.316 251.989 0.414
201809 0.333 252.439 0.436
201812 0.355 251.233 0.467
201903 0.367 254.202 0.477
201906 0.380 256.143 0.490
201909 0.395 256.759 0.508
201912 0.406 256.974 0.522
202003 0.423 258.115 0.541
202006 0.466 257.797 0.597
202009 0.512 260.280 0.650
202012 0.540 260.474 0.685
202103 0.533 264.877 0.664
202106 0.575 271.696 0.699
202109 0.614 274.310 0.739
202112 0.658 278.802 0.779
202203 0.712 287.504 0.818
202206 0.751 296.311 0.837
202209 0.783 296.808 0.871
202212 0.821 296.797 0.913
202303 0.928 301.836 1.015
202306 0.976 305.109 1.056
202309 1.015 307.789 1.089
202312 1.047 306.746 1.127
202403 1.115 312.332 1.179
202406 1.167 314.175 1.227
202409 1.219 315.301 1.277
202412 1.250 315.605 1.308
202503 1.305 319.799 1.347
202506 1.361 322.561 1.393
202509 1.416 324.800 1.440
202512 1.482 324.054 1.510
202603 1.547 330.213 1.547

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 5.65 mean?
Ginebran Miguel (GBSMF) has a Cyclically Adjusted PB Ratio of 5.65 as of Jul. 31, 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 Ginebran Miguel and its competitors. This is 35% above median its historical median of 4.19. Over the past decade, Ginebran Miguel's Cyclically Adjusted PB Ratio has ranged from 0.79 to 8.11. According to the industry distribution chart, Ginebran Miguel ranks #146 out of 164 companies in the Beverages - Alcoholic industry, placing it in the top 89%.
Is Ginebran Miguel's Cyclically Adjusted PB Ratio too high?
Ginebran Miguel's current Cyclically Adjusted PB Ratio of 5.65 is 35% above median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 8.11. The Beverages - Alcoholic industry median Cyclically Adjusted PB Ratio is 1.43. Ginebran Miguel's value of 5.65 is 296.5% above this industry median. Based on the distribution chart, Ginebran Miguel ranks #146 out of 164 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Ginebran Miguel has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Ginebran Miguel's Cyclically Adjusted PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Ginebran Miguel ranks #146 out of 164 companies for Cyclically Adjusted PB Ratio. This places Ginebran Miguel in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.43. Ginebran Miguel's value of 5.65 is 296.5% above this benchmark. Historically, Ginebran Miguel's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 8.11 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 1.43, Ginebran Miguel 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Alcoholic companies is 1.43, based on 164 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. Ginebran Miguel's current Cyclically Adjusted PB Ratio of 5.65 is 296.5% 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 Ginebran Miguel and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ginebran Miguel's current Cyclically Adjusted PB Ratio is 5.65, which is 35% above median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ginebran Miguel stock overvalued right now?
Ginebran Miguel (GBSMF) has a current Cyclically Adjusted PB Ratio of 5.65. The stock's GF Value™ is $2.35, compared to a current price of $2.09 — trading 11.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.65, which is 35% above median its 10-year median of 4.19 and 296.5% above the Beverages - Alcoholic industry median of 1.43. Ginebran Miguel's overall GF Score™ is 90/100 with 1 warning sign 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 Ginebran Miguel (GBSMF), the current Cyclically Adjusted PB Ratio is 5.65 as of Jul. 31, 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 Ginebran Miguel (GBSMF) Overvalued in 2026?

Based on GuruFocus' analysis, Ginebran Miguel stock appears to be undervalued. The current stock price of $2.09 is trading 11.1% below its estimated GF Value™ of $2.35.

Key valuation signals for GBSMF:

  • Cyclically Adjusted PB Ratio: 5.65 (35% above median its 10-year median of 4.19)
  • GF Value™: $2.35 vs. price of $2.09 (11.1% below fair value)
  • GF Score™: 90/100 with 1 warning sign
  • Industry Position: 296.5% above the Beverages - Alcoholic median (#146 of 164)

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


Ginebran Miguel Business Description

Other Exchanges GSMI:Philippines
Address St. Francis Street, Ortigas Center, 3rd and 6th Floor, San Miguel Properties Centre, Mandaluyong, PHL, 1550
Ginebra San Miguel Inc manufactures and sells alcoholic beverages in the Philippines. It offers alcoholic beverages, under the following brand names: Ginebra San Miguel gin, GSM Blue, GSM Blue Flavors, Ginebra San Miguel Premium Gin, Antonov Vodka, Primera Light Brandy, Vino Kulafu, and Antonov vodka.
90GF Score

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

$2.09
Price
$2.35
GF Value