Manila Broadcasting Co (PHS:MBC) Cyclically Adjusted PB Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:MBC Manila Broadcasting Co PHS:MBC
72 GF Score
Price ₱5.20
GF Value ₱8.28
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Manila Broadcasting Co Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manila Broadcasting Co  (PHS:MBC) 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.


Manila Broadcasting Co Cyclically Adjusted PB Ratio Related Terms


Manila Broadcasting Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Manila Broadcasting Co'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.

Manila Broadcasting Co Cyclically Adjusted PB Ratio Chart

Manila Broadcasting Co 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 3.41 1.89 2.58 1.81 1.33

Manila Broadcasting Co 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 1.64 1.47 1.33 1.60 0.00

PHS:MBC vs NXST: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, Manila Broadcasting Co'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.


Manila Broadcasting Co Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manila Broadcasting Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Manila Broadcasting Co's Cyclically Adjusted PB Ratio falls into.


PHS:MBC
72GF Score
Manila Broadcasting Co PHS:MBC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Broadcasting Co 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.

Manila Broadcasting Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Manila Broadcasting Co'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)
=4.275/333.9520*333.9520
=4.275

Current CPI (Jun. 2026) = 333.9520.

Manila Broadcasting Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.195 241.428 3.036
201612 2.295 241.432 3.174
201703 2.374 243.801 3.252
201706 2.504 244.955 3.414
201709 2.544 246.819 3.442
201712 2.299 246.524 3.114
201803 2.349 249.554 3.143
201806 2.411 251.989 3.195
201809 2.456 252.439 3.249
201812 2.749 251.233 3.654
201903 2.832 254.202 3.720
201906 2.887 256.143 3.764
201909 2.992 256.759 3.892
201912 3.048 256.974 3.961
202003 0.000 258.115 0.000
202006 3.125 257.797 4.048
202009 3.165 260.280 4.061
202012 3.648 260.474 4.677
202103 3.915 264.877 4.936
202106 3.710 271.696 4.560
202109 3.721 274.310 4.530
202112 3.766 278.802 4.511
202203 3.887 287.504 4.515
202206 3.908 296.311 4.404
202209 4.026 296.808 4.530
202212 3.473 296.797 3.908
202303 3.541 301.836 3.918
202306 3.511 305.109 3.843
202309 3.533 307.789 3.833
202312 3.744 306.746 4.076
202403 3.784 312.332 4.046
202406 3.785 314.175 4.023
202409 3.896 315.301 4.126
202412 3.936 315.605 4.165
202503 3.984 319.799 4.160
202506 4.072 322.561 4.216
202509 4.115 324.800 4.231
202512 4.161 324.054 4.288
202603 4.201 330.213 4.249
202606 4.275 333.952 4.275

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 Manila Broadcasting Co (PHS:MBC) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Broadcasting Co stock appears to be undervalued. The current stock price of ₱5.20 is trading 37.2% below its estimated GF Value™ of ₱8.28. GuruFocus considers Manila Broadcasting Co to be Significantly Undervalued.

Key valuation signals for PHS:MBC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₱8.28 vs. price of ₱5.20 (37.2% below fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Manila Broadcasting Co Business Description

Address Vicente Sotto Street, MBC Building, CCP Complex, Pasay City, PHL, 1307
Manila Broadcasting Co is mainly engaged in the business of radio broadcasting. The Company is organized into only one operating division, radio broadcasting, which is its primary activity. The Group has one geographical segment and derives substantially of its revenues from domestic operations. The company's products are RADIO, TV, DIGITAL, EVENTS, PROMOS, TALENTS.
72GF Score

Get the complete analysis for PHS:MBC

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

₱5.20
Price
₱8.28
GF Value