Boulevard Holdings (PHS:BHI) Cyclically Adjusted PB Ratio: 0.19 (As of Jul. 22, 2026) — 39% Below Median

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What is Boulevard Holdings Cyclically Adjusted PB Ratio?

Boulevard Holdings PHS:BHI -7.89% Cyclically Adjusted PB Ratio is 0.19 as of Jul. 22, 2026, which is 39% below its 10-year median of 0.31. The stock has 2 warning signs investors should review. Among 649 Travel & Leisure companies, Boulevard Holdings ranks better than 90.14% on this metric.

As of today (2026-07-22), Boulevard Holdings's current share price is ₱0.035. Boulevard Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 was ₱0.18. Boulevard Holdings's Cyclically Adjusted PB Ratio for today is 0.19.

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

PHS:BHI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.31   Max: 0.89
Current: 0.21

During the past years, Boulevard Holdings's highest Cyclically Adjusted PB Ratio was 0.89. The lowest was 0.15. And the median was 0.31.

PHS:BHI's Cyclically Adjusted PB Ratio is ranked better than
90.14% of 649 companies
in the Travel & Leisure industry
Industry Median: 1.2 vs PHS:BHI: 0.21

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.

Boulevard Holdings's adjusted book value per share data for the three months ended in Feb. 2026 was ₱0.144. 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 ₱0.18 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boulevard Holdings  (PHS:BHI) 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.


Boulevard Holdings Cyclically Adjusted PB Ratio Related Terms


Boulevard Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boulevard Holdings'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.

Boulevard Holdings Cyclically Adjusted PB Ratio Chart

Boulevard Holdings Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.53 0.38 0.32 0.22

Boulevard Holdings Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.42 0.22 0.22 0.20 0.21

PHS:BHI vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Boulevard Holdings'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.


Boulevard Holdings Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Boulevard Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boulevard Holdings 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.

Boulevard Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.035/0.18
=0.19

* 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.

Boulevard Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Boulevard Holdings's adjusted Book Value per Share data for the three months ended in Feb. 2026 was:

Adj_Book=Book Value per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=0.144/326.7850*326.7850
=0.144

Current CPI (Feb. 2026) = 326.7850.

Boulevard Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201605 0.147 240.229 0.200
201608 0.147 240.849 0.199
201611 0.150 241.353 0.203
201702 0.152 243.603 0.204
201705 0.152 244.733 0.203
201708 0.153 245.519 0.204
201711 0.154 246.669 0.204
201802 0.155 248.991 0.203
201805 0.151 251.588 0.196
201808 0.151 252.146 0.196
201811 0.150 252.038 0.194
201902 0.150 252.776 0.194
201905 0.142 256.092 0.181
201908 0.142 256.558 0.181
201911 0.141 257.208 0.179
202002 0.140 258.678 0.177
202005 0.139 256.394 0.177
202008 0.138 259.918 0.174
202011 0.137 260.229 0.172
202102 0.137 263.014 0.170
202105 0.133 269.195 0.161
202108 0.131 273.567 0.156
202111 0.130 277.948 0.153
202202 0.129 283.716 0.149
202205 0.180 292.296 0.201
202208 0.178 296.171 0.196
202211 0.177 297.711 0.194
202302 0.177 300.840 0.192
202305 0.170 304.127 0.183
202308 0.159 307.026 0.169
202311 0.157 307.051 0.167
202402 0.155 310.326 0.163
202405 0.154 314.069 0.160
202408 0.150 314.796 0.156
202411 0.150 315.493 0.155
202502 0.150 319.082 0.154
202505 0.147 321.465 0.149
202508 0.146 323.976 0.147
202511 0.145 324.122 0.146
202602 0.144 326.785 0.144

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.

What does a Cyclically Adjusted PB Ratio of 0.19 mean?
Boulevard Holdings (PHS:BHI) has a Cyclically Adjusted PB Ratio of 0.19 as of Jul. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Boulevard Holdings and its competitors. This is 39% below median its historical median of 0.31. Over the past decade, Boulevard Holdings' Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.89. According to the industry distribution chart, Boulevard Holdings ranks #64 out of 649 companies in the Travel & Leisure industry, placing it in the top 9.9%.
Is Boulevard Holdings' Cyclically Adjusted PB Ratio too high?
Boulevard Holdings' current Cyclically Adjusted PB Ratio of 0.19 is 39% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.89. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.20. Boulevard Holdings' value of 0.19 is 84.2% below this industry median. Based on the distribution chart, Boulevard Holdings ranks #64 out of 649 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers.
How does Boulevard Holdings' Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Boulevard Holdings ranks #64 out of 649 companies for Cyclically Adjusted PB Ratio. This places Boulevard Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. Boulevard Holdings' value of 0.19 is 84.2% below this benchmark. Historically, Boulevard Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.89 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.20, Boulevard Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.20, based on 649 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boulevard Holdings's current Cyclically Adjusted PB Ratio of 0.19 is 84.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Boulevard Holdings and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boulevard Holdings's current Cyclically Adjusted PB Ratio is 0.19, which is 39% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boulevard Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boulevard Holdings (PHS:BHI) is currently considered Possible Value Trap. The stock's GF Value™ is ₱0.06, compared to a current price of ₱0.04 — trading 41.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 39% below median its 10-year median of 0.31 and 84.2% below the Travel & Leisure industry median of 1.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Boulevard Holdings (PHS:BHI), the current Cyclically Adjusted PB Ratio is 0.19 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Boulevard Holdings Business Description

Address 107 L.P. Leviste Street, Unit 1704, The Peak Tower, 17th Floor, Salcedo Village, Makati, PHL, 1227
Boulevard Holdings Inc is a holding company. It is engaged in the ownership of companies involved in the development of hotels and resorts and tourism-related businesses, investments in strategic land locations, and rentable real estate properties. The company's operating segment includes Investment Holding and Hospitality and Leisure. It generates maximum revenue from the Hospitality and Leisure segment.