Liberty Flour Mills (PHS:LFM) Cyclically Adjusted PB Ratio: (As of Aug. 21, 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:LFM Liberty Flour Mills Inc PHS:LFM
55 GF Score
Price ₱21.55
GF Value ₱14.19
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Liberty Flour Mills Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Liberty Flour Mills  (PHS:LFM) 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.


Liberty Flour Mills Cyclically Adjusted PB Ratio Related Terms


Liberty Flour Mills Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Liberty Flour Mills'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.

Liberty Flour Mills Cyclically Adjusted PB Ratio Chart

Liberty Flour Mills 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 0.78 0.53 0.43 0.84 1.66

Liberty Flour Mills 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 1.13 1.32 1.66 1.46 0.00

PHS:LFM vs KHC, GIS, HRL: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Liberty Flour Mills'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.


Liberty Flour Mills Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Liberty Flour Mills's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


PHS:LFM
55GF Score
Liberty Flour Mills Inc PHS:LFM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liberty Flour Mills 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.

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

For example, Liberty Flour Mills'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)
=15.065/333.9520*333.9520
=15.065

Current CPI (Jun. 2026) = 333.9520.

Liberty Flour Mills Quarterly Data

Book Value per Share CPI Adj_Book
201609 18.051 241.428 24.969
201612 18.627 241.432 25.765
201703 18.516 243.801 25.363
201706 17.802 244.955 24.270
201709 18.309 246.819 24.773
201712 18.431 246.524 24.967
201803 18.181 249.554 24.330
201806 17.411 251.989 23.074
201809 17.381 252.439 22.993
201812 17.484 251.233 23.241
201903 17.536 254.202 23.038
201906 17.356 256.143 22.628
201909 17.754 256.759 23.092
201912 18.015 256.974 23.411
202003 18.137 258.115 23.466
202006 18.300 257.797 23.706
202009 17.916 260.280 22.987
202012 18.900 260.474 24.232
202103 18.446 264.877 23.256
202106 18.194 271.696 22.363
202109 18.502 274.310 22.525
202112 19.018 278.802 22.780
202203 18.780 287.504 21.814
202206 18.614 296.311 20.979
202209 18.262 296.808 20.547
202212 16.821 296.797 18.927
202303 16.443 301.836 18.193
202306 15.914 305.109 17.418
202309 16.138 307.789 17.510
202312 15.666 306.746 17.055
202403 15.771 312.332 16.863
202406 15.720 314.175 16.710
202409 15.785 315.301 16.719
202412 14.427 315.605 15.266
202503 13.831 319.799 14.443
202506 11.393 322.561 11.795
202509 10.674 324.800 10.975
202512 14.533 324.054 14.977
202603 14.652 330.213 14.818
202606 15.065 333.952 15.065

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 Liberty Flour Mills (PHS:LFM) Overvalued in 2026?

Based on GuruFocus' analysis, Liberty Flour Mills stock appears to be overvalued. The current stock price of ₱21.55 is trading 51.9% above its estimated GF Value™ of ₱14.19. GuruFocus considers Liberty Flour Mills to be Significantly Overvalued.

Key valuation signals for PHS:LFM:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₱14.19 vs. price of ₱21.55 (51.9% above fair value)
  • GF Score™: 55/100 with 7 warning signs

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


Liberty Flour Mills Business Description

Address 835 Antonio Arnaiz Avenue, Liberty Building, Legaspi Village, Makati, PHL, 1223
Liberty Flour Mills Inc is a Philippines-based company. It operates in various business segments that are Bakery Flour, which manufactures flour and distributes its products; Mill Feed, which involves the utilization of its by-products and distribution/sales of its produce; and Real Estate and Investment, which involves the leasing of office and commercial units and investment in securities. Its products consist of EL Superior, LFM Bakers, pine tree, and LFM soft. The company derives maximum revenue from the Bakery Flour Segment.
55GF Score

Get the complete analysis for PHS:LFM

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

₱21.55
Price
₱14.19
GF Value