GMA Holdings (PHS:GMAP) Cyclically Adjusted PB Ratio: (As of Jul. 11, 2026)


PHS:GMAP GMA Holdings Inc PHS:GMAP
42 GF Score
Price ₱4.07
! 1 Warning Sign
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What is GMA Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GMA Holdings  (PHS:GMAP) 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.


GMA Holdings Cyclically Adjusted PB Ratio Related Terms


GMA Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GMA 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.

GMA Holdings Cyclically Adjusted PB Ratio Chart

GMA 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 4,111.27 2,642.75 2,067.79 1,476.04 1,118.83

GMA Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1,200.75 1,154.07 1,166.64 1,118.83 1,168.86

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

For the Capital Markets subindustry, GMA 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.


GMA Holdings Cyclically Adjusted PB Ratio vs Capital Markets Industry

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

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


PHS:GMAP
42GF Score
GMA Holdings Inc PHS:GMAP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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GMA 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.

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

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

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.002/330.2130*330.2130
=0.002

Current CPI (Mar. 2026) = 330.2130.

GMA Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.001 241.018 0.001
201609 0.002 241.428 0.003
201612 0.001 241.432 0.001
201703 0.001 243.801 0.001
201706 0.002 244.955 0.003
201709 0.003 246.819 0.004
201712 0.004 246.524 0.005
201803 0.005 249.554 0.007
201806 0.002 251.989 0.003
201809 0.002 252.439 0.003
201812 0.002 251.233 0.003
201903 0.000 254.202 0.000
201906 0.001 256.143 0.001
201909 0.001 256.759 0.001
201912 0.002 256.974 0.003
202003 0.002 258.115 0.003
202006 0.001 257.797 0.001
202009 0.002 260.280 0.003
202012 0.003 260.474 0.004
202103 0.001 264.877 0.001
202106 0.013 271.696 0.016
202109 0.014 274.310 0.017
202112 0.017 278.802 0.020
202203 0.007 287.504 0.008
202206 0.007 296.311 0.008
202209 0.008 296.808 0.009
202212 0.009 296.797 0.010
202303 0.001 301.836 0.001
202306 0.002 305.109 0.002
202309 0.003 307.789 0.003
202312 0.003 306.746 0.003
202403 0.005 312.332 0.005
202406 0.003 314.175 0.003
202409 0.004 315.301 0.004
202412 0.006 315.605 0.006
202503 0.002 319.799 0.002
202506 0.004 322.561 0.004
202509 0.006 324.800 0.006
202512 0.008 324.054 0.008
202603 0.002 330.213 0.002

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.


GMA Holdings Business Description

Address 5th Avenue corner Mckinley Road, Unit 3K, North Wing, Fairways Tower Condominium, Fort Bonifcacio, Taguig, PHL, 1634
GMA Holdings Inc is a Philippine company that engages in issuing Philippine deposit receipts (PDR's). The company invests in, purchases, acquires, owns, holds, uses, sells, assigns, transfers, mortgages, pledges, exchanges, disposes of real and personal property of every kind and description.
42GF Score

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