Credicorp (LTS:0U8N) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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.

LTS:0U8N Credicorp Ltd LTS:0U8N
80 GF Score
Price $381.71
GF Value $261.78
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Credicorp Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Credicorp  (LTS:0U8N) 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.


Credicorp Cyclically Adjusted PB Ratio Related Terms


Credicorp Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Credicorp'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.

Credicorp Cyclically Adjusted PB Ratio Chart

Credicorp 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 1.42 1.43 1.48 1.69 2.47

Credicorp 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 2.09 2.39 2.56 2.90 3.33

LTS:0U8N vs CFG, RF, FCNCA: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Credicorp'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.


Credicorp Cyclically Adjusted PB Ratio vs Banks Industry

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

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


LTS:0U8N
80GF Score
Credicorp Ltd LTS:0U8N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Credicorp 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.

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

For example, Credicorp'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)
=143.292/333.9520*333.9520
=143.292

Current CPI (Jun. 2026) = 333.9520.

Credicorp Quarterly Data

Book Value per Share CPI Adj_Book
201609 241.428 0.000
201612 75.501 241.432 104.434
201703 77.923 243.801 106.737
201706 82.366 244.955 112.291
201709 86.432 246.819 116.945
201712 86.403 246.524 117.045
201803 85.036 249.554 113.795
201806 85.675 251.989 113.542
201809 89.378 252.439 118.238
201812 90.347 251.233 120.094
201903 91.332 254.202 119.985
201906 98.174 256.143 127.996
201909 98.339 256.759 127.904
201912 101.594 256.974 132.027
202003 86.885 258.115 112.413
202006 85.048 257.797 110.172
202009 84.261 260.280 108.111
202012 88.520 260.474 113.491
202103 83.639 264.877 105.450
202106 83.929 271.696 103.160
202109 78.187 274.310 95.187
202112 85.186 278.802 102.037
202203 92.755 287.504 107.740
202206 88.396 296.311 99.625
202209 87.491 296.808 98.440
202212 97.578 296.797 109.793
202303 103.464 301.836 114.473
202306 106.249 305.109 116.293
202309 105.797 307.789 114.790
202312 112.478 306.746 122.454
202403 116.463 312.332 124.525
202406 108.532 314.175 115.364
202409 115.338 315.301 122.161
202412 117.203 315.605 124.016
202503 125.283 319.799 130.828
202506 124.540 322.561 128.938
202509 135.444 324.800 139.260
202512 146.494 324.054 150.969
202603 146.577 330.213 148.237
202606 143.292 333.952 143.292

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.

Is Credicorp (LTS:0U8N) Overvalued in 2026?

Based on GuruFocus' analysis, Credicorp stock appears to be overvalued. The current stock price of $381.71 is trading 45.8% above its estimated GF Value™ of $261.78. GuruFocus considers Credicorp to be Significantly Overvalued.

Key valuation signals for LTS:0U8N:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $261.78 vs. price of $381.71 (45.8% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the LTS:0U8N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Credicorp Business Description

Address Calle Centenario 156, La Molina, Lima, PER, 15026
Credicorp Ltd is a Peruvian financial services company. The company operates in four business lines, including Universal Banking, Insurance and Retirement, Microfinance, and Investment Banking and Asset Management. Its subsidiaries include Banco de Credito del Peru, Prima AFP, Credicorp Capital, and others. Geographically, the company operates in Peru, Colombia, Bolivia, Chile, Panama, the USA, and Mexico; the majority of its revenue is generated from Peru.
80GF Score

Get the complete analysis for LTS:0U8N

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$381.71
Price
$261.78
GF Value