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PLDT (PHI) Cyclically Adjusted PB Ratio : 1.98 (As of Jan. 18, 2025)


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What is PLDT Cyclically Adjusted PB Ratio?

As of today (2025-01-18), PLDT's current share price is $22.45. PLDT's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $11.32. PLDT's Cyclically Adjusted PB Ratio for today is 1.98.

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

PHI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.48   Med: 2.38   Max: 5.82
Current: 2.06

During the past years, PLDT's highest Cyclically Adjusted PB Ratio was 5.82. The lowest was 1.48. And the median was 2.38.

PHI's Cyclically Adjusted PB Ratio is ranked worse than
60.89% of 271 companies
in the Telecommunication Services industry
Industry Median: 1.5 vs PHI: 2.06

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.

PLDT's adjusted book value per share data for the three months ended in Sep. 2024 was $8.789. 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 $11.32 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PLDT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted PB Ratio Chart

PLDT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.70 2.29 2.92 2.06 2.03

PLDT Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.84 2.03 2.16 2.28 2.38

Competitive Comparison of PLDT's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, PLDT'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.


PLDT's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PLDT 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.

PLDT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.45/11.32
=1.98

* 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.

PLDT's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, PLDT's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=8.789/133.0289*133.0289
=8.789

Current CPI (Sep. 2024) = 133.0289.

PLDT Quarterly Data

Book Value per Share CPI Adj_Book
201412 10.582 99.070 14.209
201503 9.329 99.621 12.457
201506 9.794 100.684 12.940
201509 8.687 100.392 11.511
201512 8.941 99.792 11.919
201603 8.286 100.470 10.971
201606 8.773 101.688 11.477
201609 8.224 101.861 10.740
201612 8.512 101.863 11.116
201703 8.652 102.862 11.189
201706 9.665 103.349 12.441
201709 9.337 104.136 11.928
201712 8.406 104.011 10.751
201803 8.582 105.290 10.843
201806 8.908 106.317 11.146
201809 8.615 106.507 10.760
201812 8.842 105.998 11.097
201903 8.605 107.251 10.673
201906 9.004 108.070 11.084
201909 8.671 108.329 10.648
201912 8.813 108.420 10.813
202003 8.557 108.902 10.453
202006 9.046 108.767 11.064
202009 8.997 109.815 10.899
202012 9.084 109.897 10.996
202103 8.612 111.754 10.251
202106 9.170 114.631 10.642
202109 8.893 115.734 10.222
202112 9.701 117.630 10.971
202203 9.677 121.301 10.613
202206 10.222 125.017 10.877
202209 9.711 125.227 10.316
202212 8.555 125.222 9.088
202303 8.243 127.348 8.611
202306 8.960 128.729 9.259
202309 8.825 129.860 9.040
202312 8.278 129.419 8.509
202403 8.263 131.776 8.342
202406 8.887 132.554 8.919
202409 8.789 133.029 8.789

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.


PLDT  (NYSE:PHI) 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.


PLDT Cyclically Adjusted PB Ratio Related Terms

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


PLDT Business Description

Traded in Other Exchanges
Address
Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200
PLDT Inc is the telecommunications carrier in the Philippines. The company's business activities include three business units: Wireless, Fixed Line, and Others. The wireless segment consists of mobile telecommunications services provided by Smart and DMPI, and Fixed-line telecommunications services mainly provided by PLDT. It also provides fixed-line services through PLDT's subsidiaries.

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