First Abacus Financial Holdings (PHS:FAF) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:FAF First Abacus Financial Holdings Corp PHS:FAF
9 GF Score
Price ₱0.52
GF Value ₱0.63
Valuation Modestly Undervalued
! 5 Warning Signs
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What is First Abacus Financial Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Abacus Financial Holdings  (PHS:FAF) 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.


First Abacus Financial Holdings Cyclically Adjusted PB Ratio Related Terms


First Abacus Financial Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for First Abacus Financial 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.

First Abacus Financial Holdings Cyclically Adjusted PB Ratio Chart

First Abacus Financial Holdings 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 0.39 0.41 0.35 0.44 0.51

First Abacus Financial Holdings 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 0.42 0.43 0.51 0.53 0.00

PHS:FAF vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, First Abacus Financial 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.


First Abacus Financial Holdings Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Abacus Financial Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PHS:FAF
9GF Score
First Abacus Financial Holdings Corp PHS:FAF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Abacus Financial 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.

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

For example, First Abacus Financial Holdings'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)
=0.02/333.9520*333.9520
=0.020

Current CPI (Jun. 2026) = 333.9520.

First Abacus Financial Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.964 241.428 2.717
201612 2.200 241.432 3.043
201703 2.171 243.801 2.974
201706 2.158 244.955 2.942
201709 2.149 246.819 2.908
201712 1.414 246.524 1.915
201803 1.401 249.554 1.875
201806 1.912 251.989 2.534
201809 1.053 252.439 1.393
201812 0.616 251.233 0.819
201903 0.585 254.202 0.769
201906 0.536 256.143 0.699
201909 0.500 256.759 0.650
201912 0.654 256.974 0.850
202003 0.606 258.115 0.784
202006 0.576 257.797 0.746
202009 0.546 260.280 0.701
202012 0.802 260.474 1.028
202103 0.807 264.877 1.017
202106 0.747 271.696 0.918
202109 0.681 274.310 0.829
202112 1.060 278.802 1.270
202203 1.027 287.504 1.193
202206 0.964 296.311 1.086
202209 1.243 296.808 1.399
202212 1.072 296.797 1.206
202303 1.035 301.836 1.145
202306 0.961 305.109 1.052
202309 0.979 307.789 1.062
202312 0.595 306.746 0.648
202403 0.693 312.332 0.741
202406 0.621 314.175 0.660
202409 0.453 315.301 0.480
202412 1.005 315.605 1.063
202503 0.912 319.799 0.952
202506 0.805 322.561 0.833
202509 0.773 324.800 0.795
202512 0.104 324.054 0.107
202603 0.053 330.213 0.054
202606 0.020 333.952 0.020

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 First Abacus Financial Holdings (PHS:FAF) Overvalued in 2026?

Based on GuruFocus' analysis, First Abacus Financial Holdings stock appears to be undervalued. The current stock price of ₱0.52 is trading 17.5% below its estimated GF Value™ of ₱0.63. GuruFocus considers First Abacus Financial Holdings to be Modestly Undervalued.

Key valuation signals for PHS:FAF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₱0.63 vs. price of ₱0.52 (17.5% below fair value)
  • GF Score™: 9/100 with 5 warning signs

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


First Abacus Financial Holdings Business Description

Address Exchange Road, Unit 2904-A East Tower, Ortigas Center, Philippine Stock Exchange Center, Pasig, PHL, 1605
First Abacus Financial Holdings Corp is involved in providing management advisory services as well as purchasing, selling and assigning accounts receivable, negotiable instruments and other evidences of indebtedness for the payment of money owed by any entity. The company has three segments Securities brokerage handles buying and selling of shares of stock, bonds and other securities; Investment house provides services which include underwriting of financial instruments and management fees from financial and management advisory services; Leasing and others includes leasing of condominium units and other segment activities, none of which constitute a separately reportable segment. It generates majority of revenue from Securities brokerage.
9GF Score

Get the complete analysis for PHS:FAF

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

₱0.52
Price
₱0.63
GF Value