Benguet (PHS:BCB) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

PHS:BCB Benguet Corp PHS:BCB
64 GF Score
Price ₱6.91
GF Value ₱5.76
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Benguet Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Benguet  (PHS:BCB) 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.


Benguet Cyclically Adjusted PB Ratio Related Terms


Benguet Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Benguet'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.

Benguet Cyclically Adjusted PB Ratio Chart

Benguet 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 0.72 0.49 0.53 0.40 0.47

Benguet 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 0.40 0.51 0.47 0.56 0.00

PHS:BCB vs NEM, AU, RGLD: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Benguet'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.


Benguet Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Benguet's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PHS:BCB
64GF Score
Benguet Corp PHS:BCB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Benguet 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.

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

For example, Benguet'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)
=15.339/333.9520*333.9520
=15.339

Current CPI (Jun. 2026) = 333.9520.

Benguet Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.208 241.428 8.587
201612 5.946 241.432 8.225
201703 5.915 243.801 8.102
201706 5.962 244.955 8.128
201709 5.944 246.819 8.042
201712 6.016 246.524 8.150
201803 5.957 249.554 7.972
201806 5.945 251.989 7.879
201809 5.815 252.439 7.693
201812 6.395 251.233 8.501
201903 6.301 254.202 8.278
201906 6.286 256.143 8.196
201909 6.240 256.759 8.116
201912 7.163 256.974 9.309
202003 7.257 258.115 9.389
202006 7.323 257.797 9.486
202009 7.295 260.280 9.360
202012 7.757 260.474 9.945
202103 8.585 264.877 10.824
202106 9.031 271.696 11.100
202109 8.961 274.310 10.909
202112 10.288 278.802 12.323
202203 10.964 287.504 12.735
202206 11.859 296.311 13.365
202209 11.816 296.808 13.295
202212 12.482 296.797 14.045
202303 13.132 301.836 14.529
202306 13.182 305.109 14.428
202309 13.142 307.789 14.259
202312 13.425 306.746 14.616
202403 13.512 312.332 14.447
202406 13.860 314.175 14.732
202409 13.839 315.301 14.658
202412 12.857 315.605 13.604
202503 13.174 319.799 13.757
202506 13.699 322.561 14.183
202509 13.597 324.800 13.980
202512 14.167 324.054 14.600
202603 14.795 330.213 14.963
202606 15.339 333.952 15.339

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 Benguet (PHS:BCB) Overvalued in 2026?

Based on GuruFocus' analysis, Benguet stock appears to be overvalued. The current stock price of ₱6.91 is trading 20% above its estimated GF Value™ of ₱5.76. GuruFocus considers Benguet to be Modestly Overvalued.

Key valuation signals for PHS:BCB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₱5.76 vs. price of ₱6.91 (20% above fair value)
  • GF Score™: 64/100 with 6 warning signs

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


Benguet Business Description

Address 106 Paseo de Roxas, 7th Floor, Universal Re-Building, Makati City, PHL, 1226
Benguet Corp is engaged in gold, nickel, and other metallic and nonmetallic mineral production, exploration, research and development, and natural resource projects. The company operates through four business segments, namely Mining, Health Services, Logistics, and Others. The Mining segment is engaged in exploration, nickel, and gold mining operations and generates the maximum revenue for the company. The Health Services segment is engaged in the business of offering medical and clinical diagnostic examinations and health care services on pre-employment. The logistics segment is engaged in logistics services to the supply-chain requirements of various industries. The Other segment of the company is engaged in research, development, health services, and water projects.
64GF Score

Get the complete analysis for PHS:BCB

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

₱6.91
Price
₱5.76
GF Value