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HBCYF (HSBC Holdings) Cyclically Adjusted PB Ratio : 1.01 (As of May. 16, 2025)


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What is HSBC Holdings Cyclically Adjusted PB Ratio?

As of today (2025-05-16), HSBC Holdings's current share price is $11.75. HSBC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $11.69. HSBC Holdings's Cyclically Adjusted PB Ratio for today is 1.01.

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

HBCYF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.8   Max: 1.23
Current: 1

During the past years, HSBC Holdings's highest Cyclically Adjusted PB Ratio was 1.23. The lowest was 0.41. And the median was 0.80.

HBCYF's Cyclically Adjusted PB Ratio is ranked better than
51.64% of 1278 companies
in the Banks industry
Industry Median: 1.02 vs HBCYF: 1.00

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.

HSBC Holdings's adjusted book value per share data for the three months ended in Mar. 2025 was $10.778. 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 $11.69 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


HSBC Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for HSBC Holdings'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.

HSBC Holdings Cyclically Adjusted PB Ratio Chart

HSBC Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.60 0.63 0.75 0.90

HSBC Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.73 0.79 0.77 0.90 1.00

Competitive Comparison of HSBC Holdings's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, HSBC Holdings'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.


HSBC Holdings's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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HSBC Holdings 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.

HSBC Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.75/11.69
=1.01

* 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.

HSBC Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, HSBC Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=10.778/135.6000*135.6000
=10.778

Current CPI (Mar. 2025) = 135.6000.

HSBC Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.860 100.100 13.357
201509 9.840 100.200 13.316
201512 9.574 100.400 12.931
201603 9.701 100.400 13.102
201606 9.653 101.000 12.960
201609 9.429 101.500 12.597
201612 8.686 102.200 11.525
201703 9.015 102.700 11.903
201706 9.246 103.500 12.114
201709 9.520 104.300 12.377
201712 9.362 105.000 12.090
201803 9.770 105.100 12.605
201806 9.197 105.900 11.776
201809 9.301 106.600 11.831
201812 9.296 107.100 11.770
201903 9.374 107.000 11.880
201906 9.521 107.900 11.965
201909 9.354 108.400 11.701
201912 8.913 108.500 11.139
202003 9.318 108.600 11.635
202006 9.184 108.800 11.446
202009 9.422 109.200 11.700
202012 9.645 109.400 11.955
202103 9.754 109.700 12.057
202106 9.802 111.400 11.931
202109 9.809 112.400 11.834
202112 9.609 114.700 11.360
202203 9.830 116.500 11.442
202206 9.245 120.500 10.404
202209 8.897 122.300 9.865
202212 8.906 125.300 9.638
202303 9.632 126.800 10.300
202306 9.294 129.400 9.739
202309 9.347 130.100 9.742
202312 9.632 130.500 10.008
202403 10.098 131.600 10.405
202406 9.861 133.000 10.054
202409 10.562 133.500 10.728
202412 10.313 135.100 10.351
202503 10.778 135.600 10.778

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.


HSBC Holdings  (OTCPK:HBCYF) 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.


HSBC Holdings Cyclically Adjusted PB Ratio Related Terms

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


HSBC Holdings Business Description

Address
8 Canada Square, London, GBR, E14 5HQ
Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates in around 60 countries with more than 200,000 full-time staff. The United Kingdom and Hong Kong are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.