GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Itau Unibanco Holding SA (MEX:ITUB N) » Definitions » Cyclically Adjusted PB Ratio

Itau Unibanco Holding (MEX:ITUB N) Cyclically Adjusted PB Ratio : 1.77 (As of Jun. 29, 2025)


View and export this data going back to 2007. Start your Free Trial

What is Itau Unibanco Holding Cyclically Adjusted PB Ratio?

As of today (2025-06-29), Itau Unibanco Holding's current share price is MXN124.36. Itau Unibanco Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN70.32. Itau Unibanco Holding's Cyclically Adjusted PB Ratio for today is 1.77.

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

MEX:ITUB N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.78   Max: 2.7
Current: 1.86

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 1.78.

MEX:ITUB N's Cyclically Adjusted PB Ratio is ranked worse than
83.06% of 1281 companies
in the Banks industry
Industry Median: 1.03 vs MEX:ITUB N: 1.86

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 Mar. 2025 was MXN66.271. 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 MXN70.32 for the trailing ten years ended in Mar. 2025.

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
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.69 1.56 1.72 1.44 1.60

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.


;
;

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
=124.36/70.32
=1.77

* 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 Mar. 2025 is calculated as:

For example, Itau Unibanco Holding's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=66.271/168.1016*168.1016
=66.271

Current CPI (Mar. 2025) = 168.1016.

Itau Unibanco Holding Quarterly Data

Book Value per Share CPI Adj_Book
201506 48.183 100.006 80.991
201509 43.994 101.392 72.939
201512 46.278 104.247 74.625
201603 48.921 106.979 76.872
201606 59.019 108.851 91.145
201609 61.144 109.986 93.452
201612 68.698 110.802 104.224
201703 68.317 111.869 102.657
201706 64.427 112.115 96.600
201709 70.938 112.777 105.738
201712 73.413 114.068 108.189
201803 63.679 114.868 93.190
201806 61.612 117.038 88.494
201809 55.335 117.881 78.909
201812 64.679 118.340 91.876
201903 58.793 120.124 82.275
201906 60.389 120.977 83.912
201909 57.847 121.292 80.171
201912 58.690 123.436 79.927
202003 58.009 124.092 78.582
202006 54.552 123.557 74.219
202009 51.743 125.095 69.532
202012 51.485 129.012 67.084
202103 49.654 131.660 63.397
202106 52.751 133.871 66.240
202109 53.443 137.913 65.142
202112 51.547 141.992 61.025
202203 56.735 146.537 65.084
202206 58.123 149.784 65.231
202209 58.666 147.800 66.724
202212 57.821 150.207 64.709
202303 55.074 153.352 60.371
202306 58.603 154.519 63.754
202309 60.065 155.464 64.948
202312 61.092 157.148 65.350
202403 57.351 159.372 60.492
202406 61.180 161.052 63.858
202409 66.467 162.342 68.825
202412 67.102 164.740 68.471
202503 66.271 168.102 66.271

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  (MEX:ITUB N) 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

Thank you for viewing the detailed overview of Itau Unibanco Holding's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


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 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% 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.

Itau Unibanco Holding Headlines

No Headlines