Philippine Infradev Holdings (PHS:INFRA) Cyclically Adjusted PB Ratio: 0.02 (As of Jul. 14, 2026) — 75% Below Median

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PHS:INFRA Philippine Infradev Holdings Inc PHS:INFRA
41 GF Score
Price ₱0.32
GF Value ₱0.57
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Philippine Infradev Holdings Cyclically Adjusted PB Ratio?

Philippine Infradev Holdings PHS:INFRA 41 Cyclically Adjusted PB Ratio is 0.02 as of Jul. 14, 2026, which is 75% below its 10-year median of 0.08. GuruFocus rates PHS:INFRA with a GF Score™ of 41/100 and a GF Value™ of ₱0.57 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,442 Real Estate companies, Philippine Infradev Holdings ranks better than 98.27% on this metric.

As of today (2026-07-14), Philippine Infradev Holdings's current share price is ₱0.32. Philippine Infradev Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was ₱15.14. Philippine Infradev Holdings's Cyclically Adjusted PB Ratio for today is 0.02.

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

PHS:INFRA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 0.61
Current: 0.02

During the past years, Philippine Infradev Holdings's highest Cyclically Adjusted PB Ratio was 0.61. The lowest was 0.02. And the median was 0.08.

PHS:INFRA's Cyclically Adjusted PB Ratio is ranked better than
98.27% of 1442 companies
in the Real Estate industry
Industry Median: 0.71 vs PHS:INFRA: 0.02

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.

Philippine Infradev Holdings's adjusted book value per share data for the three months ended in Sep. 2025 was ₱16.650. 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 ₱15.14 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Philippine Infradev Holdings  (PHS:INFRA) 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.


Philippine Infradev Holdings Cyclically Adjusted PB Ratio Related Terms


Philippine Infradev Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Philippine Infradev 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.

Philippine Infradev Holdings Cyclically Adjusted PB Ratio Chart

Philippine Infradev Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.16 0.09 0.05 0.02

Philippine Infradev Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.03 0.02 0.02 0.03 0.02

Philippine Infradev Holdings Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Philippine Infradev 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.


Philippine Infradev Holdings Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Philippine Infradev Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PHS:INFRA
41GF Score
Philippine Infradev Holdings Inc PHS:INFRA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Philippine Infradev 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.32/15.14
=0.02

* 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.

Philippine Infradev Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Philippine Infradev Holdings's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=16.65/324.8000*324.8000
=16.650

Current CPI (Sep. 2025) = 324.8000.

Philippine Infradev Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201512 1.322 236.525 1.815
201603 1.320 238.132 1.800
201606 1.322 241.018 1.782
201609 1.383 241.428 1.861
201612 1.390 241.432 1.870
201703 1.393 243.801 1.856
201706 1.398 244.955 1.854
201709 1.456 246.819 1.916
201712 1.407 246.524 1.854
201803 1.426 249.554 1.856
201806 1.423 251.989 1.834
201809 6.936 252.439 8.924
201812 4.252 251.233 5.497
201903 1.033 254.202 1.320
201906 1.027 256.143 1.302
201909 1.401 256.759 1.772
201912 22.136 256.974 27.979
202003 22.134 258.115 27.852
202006 22.131 257.797 27.883
202009 22.128 260.280 27.613
202012 22.209 260.474 27.694
202103 22.208 264.877 27.232
202106 23.191 271.696 27.724
202109 23.190 274.310 27.458
202112 23.430 278.802 27.296
202203 23.428 287.504 26.467
202206 23.435 296.311 25.688
202209 23.474 296.808 25.688
202212 23.970 296.797 26.232
202303 23.971 301.836 25.795
202306 23.972 305.109 25.519
202309 23.973 307.789 25.298
202312 16.692 306.746 17.674
202403 16.696 312.332 17.362
202406 16.701 314.175 17.266
202409 16.701 315.301 17.204
202412 16.652 315.605 17.137
202503 16.652 319.799 16.912
202506 16.651 322.561 16.767
202509 16.650 324.800 16.650

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 0.02 mean?
Philippine Infradev Holdings (PHS:INFRA) has a Cyclically Adjusted PB Ratio of 0.02 as of Jul. 14, 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 Philippine Infradev Holdings and its competitors. This is 75% below median its historical median of 0.08. Over the past decade, Philippine Infradev Holdings' Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.61. According to the industry distribution chart, Philippine Infradev Holdings ranks #25 out of 1442 companies in the Real Estate industry, placing it in the top 1.7%.
Is Philippine Infradev Holdings' Cyclically Adjusted PB Ratio too high?
Philippine Infradev Holdings' current Cyclically Adjusted PB Ratio of 0.02 is 75% below median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.61. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.71. Philippine Infradev Holdings' value of 0.02 is 97.2% below this industry median. Based on the distribution chart, Philippine Infradev Holdings ranks #25 out of 1442 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Philippine Infradev Holdings has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Philippine Infradev Holdings' Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Philippine Infradev Holdings ranks #25 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Philippine Infradev Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.71. Philippine Infradev Holdings' value of 0.02 is 97.2% below this benchmark. Historically, Philippine Infradev Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.02 to 0.61 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.71, Philippine Infradev 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.71, based on 1,442 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. Philippine Infradev Holdings's current Cyclically Adjusted PB Ratio of 0.02 is 97.2% 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 Philippine Infradev Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philippine Infradev Holdings's current Cyclically Adjusted PB Ratio is 0.02, which is 75% below median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philippine Infradev Holdings stock overvalued right now?
Based on GuruFocus' analysis, Philippine Infradev Holdings (PHS:INFRA) is currently considered Possible Value Trap. The stock's GF Value™ is ₱0.57, compared to a current price of ₱0.32 — trading 43.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.02, which is 75% below median its 10-year median of 0.08 and 97.2% below the Real Estate industry median of 0.71. Philippine Infradev Holdings' overall GF Score™ is 41/100 with 5 warning signs to review. 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 Philippine Infradev Holdings (PHS:INFRA), the current Cyclically Adjusted PB Ratio is 0.02 as of Jul. 14, 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.

Is Philippine Infradev Holdings (PHS:INFRA) Overvalued in 2026?

Based on GuruFocus' analysis, Philippine Infradev Holdings stock appears to be undervalued. The current stock price of ₱0.32 is trading 43.9% below its estimated GF Value™ of ₱0.57. GuruFocus considers Philippine Infradev Holdings to be Possible Value Trap.

Key valuation signals for PHS:INFRA:

  • Cyclically Adjusted PB Ratio: 0.02 (75% below median its 10-year median of 0.08)
  • GF Value™: ₱0.57 vs. price of ₱0.32 (43.9% below fair value)
  • GF Score™: 41/100 with 5 warning signs
  • Industry Position: 97.2% below the Real Estate median (#25 of 1442)

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


Philippine Infradev Holdings Business Description

Address 6784 Ayala Avenue, 38th Floor, Rufino Pacific Tower, Makati, PHL, 1223
Philippine Infradev Holdings Inc is majorly involved in the acquisition, reclamation, development, or exploitation of lands to convert and develop lands to integrated residential or commercial neighborhoods. The company also, through its subsidiaries is involved in the acquisition and selling of real estate of all kinds or holds properties for investment purposes. Its operating segment includes Real Estate, and Subway. The company generates maximum revenue from the Real Estate segment.
41GF Score

Get the complete analysis for PHS:INFRA

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

₱0.32
Price
₱0.57
GF Value