Bank Hapoalim B.M. (LSE:80OA) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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
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 1.36 1.73 1.77 1.88 1.86

LSE:80OA vs PNC, 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 Mar. 2026 is calculated as:

For example, Bank Hapoalim B.M.'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)
=61.285/330.2130*330.2130
=61.285

Current CPI (Mar. 2026) = 330.2130.

Bank Hapoalim B.M. Quarterly Data

Book Value per Share CPI Adj_Book
201606 32.109 241.018 43.992
201609 31.900 241.428 43.631
201612 31.833 241.432 43.539
201703 32.639 243.801 44.207
201706 33.152 244.955 44.691
201709 33.277 246.819 44.520
201712 33.531 246.524 44.914
201803 33.737 249.554 44.641
201806 34.270 251.989 44.908
201809 35.167 252.439 46.002
201812 35.103 251.233 46.138
201903 35.979 254.202 46.737
201906 36.934 256.143 47.614
201909 36.668 256.759 47.158
201912 35.698 256.974 45.872
202003 35.185 258.115 45.013
202006 35.551 257.797 45.537
202009 36.437 260.280 46.227
202012 37.280 260.474 47.261
202103 38.180 264.877 47.598
202106 39.562 271.696 48.083
202109 39.939 274.310 48.078
202112 39.956 278.802 47.324
202203 40.419 287.504 46.423
202206 41.342 296.311 46.072
202209 42.137 296.808 46.879
202212 43.478 296.797 48.373
202303 44.986 301.836 49.215
202306 46.133 305.109 49.929
202309 46.984 307.789 50.407
202312 49.020 306.746 52.770
202403 50.533 312.332 53.426
202406 51.896 314.175 54.545
202409 53.439 315.301 55.966
202412 54.369 315.605 56.886
202503 56.308 319.799 58.142
202506 58.083 322.561 59.461
202509 59.600 324.800 60.593
202512 60.471 324.054 61.620
202603 61.285 330.213 61.285

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.