Bank Hapoalim B.M. (LSE:80OA) Cyclically Adjusted PB Ratio: (As of Aug. 31, 2026)

Author: Vera Yuan Vera Yuan
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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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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.

What is Bank Hapoalim B.M. 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 Hapoalim B.M.  (LSE:80OA) 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 Hapoalim B.M. Cyclically Adjusted PB Ratio Related Terms


Bank Hapoalim B.M. Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank Hapoalim B.M.'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 Hapoalim B.M. Cyclically Adjusted PB Ratio Chart

Bank Hapoalim B.M. 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 1.10 1.00 0.97 1.22 1.88

Bank Hapoalim B.M. 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 1.73 1.77 1.88 1.86 1.70

LSE:80OA vs USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Bank Hapoalim B.M.'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 Hapoalim B.M. Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Hapoalim B.M.'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank Hapoalim B.M.'s Cyclically Adjusted PB Ratio falls into.



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

For example, Bank Hapoalim B.M.'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)
=63.276/333.9520*333.9520
=63.276

Current CPI (Jun. 2026) = 333.9520.

Bank Hapoalim B.M. Quarterly Data

Book Value per Share CPI Adj_Book
201609 32.154 241.428 44.477
201612 32.086 241.432 44.382
201703 32.898 243.801 45.063
201706 33.416 244.955 45.557
201709 33.541 246.819 45.382
201712 33.797 246.524 45.783
201803 34.006 249.554 45.507
201806 34.543 251.989 45.779
201809 35.446 252.439 46.892
201812 35.381 251.233 47.030
201903 36.264 254.202 47.641
201906 37.228 256.143 48.537
201909 36.959 256.759 48.070
201912 35.982 256.974 46.761
202003 35.464 258.115 45.884
202006 35.834 257.797 46.420
202009 36.726 260.280 47.121
202012 37.576 260.474 48.176
202103 38.483 264.877 48.519
202106 39.877 271.696 49.014
202109 40.256 274.310 49.009
202112 40.273 278.802 48.239
202203 40.740 287.504 47.322
202206 41.670 296.311 46.963
202209 42.472 296.808 47.787
202212 43.823 296.797 49.309
202303 45.344 301.836 50.169
202306 46.500 305.109 50.896
202309 47.357 307.789 51.382
202312 49.410 306.746 53.792
202403 50.935 312.332 54.461
202406 52.309 314.175 55.602
202409 53.864 315.301 57.050
202412 54.801 315.605 57.987
202503 56.755 319.799 59.267
202506 58.545 322.561 60.612
202509 60.073 324.800 61.766
202512 60.952 324.054 62.814
202603 61.771 330.213 62.470
202606 63.276 333.952 63.276

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.


Bank Hapoalim B.M. Business Description

Address 50 Rothschild Boulevard, Tel Aviv, ISR, 63432
Bank Hapoalim BM operates as a financial institution offering full commercial banking services. Its services include Treasury Management, Liquidity Services, Financing Services, and Industry Knowledge.