Bank Hapoalim B.M. (LSE:80OA) 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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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)
=61.766/333.9520*333.9520
=61.766

Current CPI (Jun. 2026) = 333.9520.

Bank Hapoalim B.M. Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.386 241.428 43.414
201612 31.320 241.432 43.322
201703 32.113 243.801 43.988
201706 32.618 244.955 44.469
201709 32.740 246.819 44.298
201712 32.990 246.524 44.690
201803 33.194 249.554 44.420
201806 33.718 251.989 44.685
201809 34.600 252.439 45.772
201812 34.537 251.233 45.908
201903 35.399 254.202 46.505
201906 36.339 256.143 47.378
201909 36.077 256.759 46.923
201912 35.123 256.974 45.644
202003 34.618 258.115 44.789
202006 34.978 257.797 45.311
202009 35.849 260.280 45.996
202012 36.679 260.474 47.026
202103 37.564 264.877 47.360
202106 38.925 271.696 47.844
202109 39.295 274.310 47.839
202112 39.312 278.802 47.088
202203 39.767 287.504 46.192
202206 40.675 296.311 45.842
202209 41.458 296.808 46.646
202212 42.777 296.797 48.132
202303 44.261 301.836 48.970
202306 45.390 305.109 49.681
202309 46.227 307.789 50.156
202312 48.230 306.746 52.508
202403 49.719 312.332 53.161
202406 51.060 314.175 54.274
202409 52.578 315.301 55.688
202412 53.492 315.605 56.602
202503 55.400 319.799 57.852
202506 57.147 322.561 59.165
202509 58.639 324.800 60.291
202512 59.496 324.054 61.313
202603 60.296 330.213 60.979
202606 61.766 333.952 61.766

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.