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ITUB (Itau Unibanco Holding) Cyclically Adjusted PB Ratio : 1.97 (As of Apr. 26, 2025)


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What is Itau Unibanco Holding Cyclically Adjusted PB Ratio?

As of today (2025-04-26), Itau Unibanco Holding's current share price is $6.14. Itau Unibanco Holding's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $3.12. Itau Unibanco Holding's Cyclically Adjusted PB Ratio for today is 1.97.

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

ITUB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.8   Max: 2.7
Current: 1.79

During the past years, Itau Unibanco Holding's highest Cyclically Adjusted PB Ratio was 2.70. The lowest was 1.22. And the median was 1.80.

ITUB's Cyclically Adjusted PB Ratio is ranked worse than
83.16% of 1259 companies
in the Banks industry
Industry Median: 0.97 vs ITUB: 1.79

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.

Itau Unibanco Holding's adjusted book value per share data for the three months ended in Dec. 2024 was $3.217. 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 $3.12 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Itau Unibanco Holding Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Itau Unibanco Holding'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.

Itau Unibanco Holding Cyclically Adjusted PB Ratio Chart

Itau Unibanco Holding 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 2.08 1.27 1.35 1.66 1.44

Itau Unibanco Holding Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.66 1.69 1.56 1.72 1.44

Competitive Comparison of Itau Unibanco Holding's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Itau Unibanco Holding'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.


Itau Unibanco Holding's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

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


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Itau Unibanco Holding 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.

Itau Unibanco Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.14/3.12
=1.97

* 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.

Itau Unibanco Holding's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Itau Unibanco Holding's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=3.217/164.7402*164.7402
=3.217

Current CPI (Dec. 2024) = 164.7402.

Itau Unibanco Holding Quarterly Data

Book Value per Share CPI Adj_Book
201503 2.926 97.799 4.929
201506 3.071 100.006 5.059
201509 2.603 101.392 4.229
201512 2.691 104.247 4.253
201603 2.842 106.979 4.376
201606 3.191 108.851 4.829
201609 3.162 109.986 4.736
201612 3.332 110.802 4.954
201703 3.628 111.869 5.343
201706 3.564 112.115 5.237
201709 3.909 112.777 5.710
201712 3.738 114.068 5.399
201803 3.505 114.868 5.027
201806 3.136 117.038 4.414
201809 2.958 117.881 4.134
201812 3.294 118.340 4.586
201903 3.031 120.124 4.157
201906 3.144 120.977 4.281
201909 2.930 121.292 3.980
201912 3.112 123.436 4.153
202003 2.474 124.092 3.284
202006 2.363 123.557 3.151
202009 2.342 125.095 3.084
202012 2.588 129.012 3.305
202103 2.429 131.660 3.039
202106 2.650 133.871 3.261
202109 2.599 137.913 3.105
202112 2.513 141.992 2.916
202203 2.849 146.537 3.203
202206 2.889 149.784 3.177
202209 2.917 147.800 3.251
202212 2.966 150.207 3.253
202303 3.055 153.352 3.282
202306 3.418 154.519 3.644
202309 3.448 155.464 3.654
202312 3.599 157.148 3.773
202403 3.456 159.372 3.572
202406 3.339 161.052 3.415
202409 3.376 162.342 3.426
202412 3.217 164.740 3.217

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.


Itau Unibanco Holding  (NYSE:ITUB) 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.


Itau Unibanco Holding Cyclically Adjusted PB Ratio Related Terms

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Itau Unibanco Holding Business Description

Address
Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.